It’s still a great time to buy a home in Northern Virginia! Rates may seem high, but historically, they really are not. The average mortgage rate from 1971-2021 was 7.78%. Current 30 year rate is 5% which is still lower than the 50 year average. Are you thinking of buying a home? Let’s chat and […]
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Escalation Clause Real Estate: Many have been asking me lately what is an escalation clause attached with an offer to purchase a home. An escalation clause is an addendum attached to your sales offer for a home you would like to purchase. This addendum should only be used when a home has multiple offers and
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Increase your credit score Pull your credit and do all you can to raise your credit score. The better your credit score the better rate a lender will give you. Mid to upper 700’s will open the door for lower rates! Shop around for lenders and financing options Lenders set their own rates, some are
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2021 was a crazy year & one of the hottest markets in history. 2022 will continue to be a sellers’ market for sure, due to inventory shortage. Price increases are not expected to be what they were in 2021, more towards a normal rate but fir the month of January offers are being made well
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Exterior average ROI 75%-95% First impressions are everything! Overgrown landscaping, broken up walk ways, beat up front doors, are not appealing. Power washing and fresh paint are huge improvements too! Kitchens average ROI 80%-85% Many buyers walk in and immediately head to the kitchen. Kitchens sell homes! Buyers start to make quick decisions if they
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iBuyer vs. Realtor comes down to one main focus. Do you need convenience or prefer more money? Convenience has a cost.
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Starter homes are hard to come by in Northern Virginia, is it the death of the starter home? Starter homes are so hard to come by in Northern Virginia. It is truly such a bummer that the starter home is not what it once was. There is no real definition of a starter home but
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Many home buyers in the Northern Virginia area have halted their search. Bidding wars have eased and homes are on the market longer. Realtor magazine has reported that 4 in 10 home buyers said they have stopped looking. The top reasons were that the market was too intimidating and they have lost out too many
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Inventory is still super low, buyer demand fell but is creeping up again. Still a good time to sell. If you are thinking about selling, let’s chat about your plans and the market! #lisajoyrealtor #lisajoyrealtor
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If you’re seriously considering selling but still want to make improvements while you’re still living there, let me make two important suggestions. Stay neutral in style: No one wants to rip out home improvements that are obviously recent but don’t meet their personal tastes. Any changes you make should play to the largest possible audience. Consider
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