Yes, the market has slowed down. The number of days on market are now at an average of 19 and 2 in 5 home sellers have lowered their asking price in the past 30 days, (Bright MLS data). This is the highest number of home prices lowered since Q4 of 2019. The days of 10+ […]
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There are many factors to consider when deciding to remodel or to move. Here are the top pros and cons to both: REMODEL Pros: There is a lot of satisfaction in doing the work yourself. It can a fun project and very rewarding. If you are not the, do it yourself type it still can
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Want to know details on the current rental market? Rent prices are and have been increasing just like home sale prices. Demand for rentals is higher than the supply. Let’s take a look at 3 bedroom rents and the price increase since last year: Alexandria $2,744 up 7% Manassas $3,437 up 63% Arlington $3,392 up
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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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