Category Archives: Buyers

posts related to buying a home in northern virginia, or buying a home in DC

What Is A Buyer Agency Agreement, And Do I Want One?

As a potential home buyer begins to explore the home buying process the vast majority eventually end up sitting down with a licensed real estate agent either to find out what their next steps should be, or because they are ready to start making offers. What a buyer should be presented with during this first…

Colin’s “Catch of the Day”: Investment Opportunity In Falls Church?

Today’s “Catch of the Day” is one for the investor community, or those who have time to wait for a deal to close. Price at $510,000, this City of Falls Church home will likely end up being a tear down and re-build, a common theme along this stretch of Lincoln Avenue. The catch? This is…

What Makes A Good Starter Home In Northern Virginia?

The term “starter home” is one you probably see and hear often if you are considering buying your first home. I am always trying to keep an eye out for ideal starter homes inside the beltway, but what actually makes a good starter home, specifically in Northern Virginia? In my mind what constitutes an ideal…

Does The S&P Downgrade Mean Opportunity For Home Buyers?

As we know, going into the weekend the S&P downgraded U.S. debt from a AAA rating to AA+. I am not an expert on financial markets, so am not qualified to comment on whether I feel that was the right move, or what the overall consequences will be. However, at the very least we know…

First Time Home Buyer In Virginia? Is a VHDA Loan Right For You?

Shopping for your first home is a complicated process. If not, then you are probably not being exposed to all the options that are out there for you as a first time home buyer. For instance, here are a few “did you know’s”: With an FHA 203k loan you can receive up to $35,000 to…

NPR Report: Crisis In The Housing Market??

The following NPR story aired this morning on Morning Edition. The piece takes a look at the state of the housing market, including a really good look at the current value of owning verses renting. In the Washington, DC metro area rental rates are on the rise, with a more than 7% rise in 2010…

Home Buyers Guide: Competing In Today’s Housing Horse Race

The Reality Today I stopped into a North Arlington open house, a 4 bedroom colonial  in great shape, listed for $879k. The property went on the market 3 days ago. Today it went under contract before the first open house even began. Another home this week, listed at $1.425m, also in North Arlington, built in…

Buyer’s Agent: My Take on Why EVERYONE Should Get One

Look, I’m not some die hard “RealtOR’s are the saviors of all thing good and wholesome about home ownership and the ‘American Dream’” type of guy. In fact, I believe home ownership can just as easily bring on the “American Disaster” of being over leveraged and swamped in debt. There is a right way and…

An Agent’s Home Buying Journey – Part 2: The Lender

So, our home buying process continues. If you missed my original post regarding my own families home buying efforts you can catch that over here. Breaking The Rules Up until this point we have not played by my own set of rules that I use with clients, but hey, I’m the boss (of my real…

Buying New Construction? What to Expect In Today’s Market

The Differences When shopping for a home, attempting to purchase a newly constructed home, townhome, or condo directly from the builder brings about a unique experience compared to purchasing a re-sale property directly from an owner. The process differs in many ways but here are a few key differences (not saying anything here is bad,…

The Psychology Of a Buyer: My Own Buying Journey

So, we’re off. It seems to be the right time to finally get out and get a place of our own. “Hold on”, you say, “you are a real estate agent, don’t you already own like 5 homes?”.  No, no I do not. The quick and dirty background is that we have been a fairly…

Northern Virginia Real Estate Sucks

Well for a lot of folks, it does! Unless you bought prior to 2003 and did’t take out any equity during the peak. In that case Northern Virginia real estate is probably pretty amazing. Reality is: Many individuals have to save well into their 30’s to be able to buy and put down enough to…

Mortgage Rates Continue to Rise

Last week I did a post highlighting the rise in interest rates over the course of the previous 5 days. Well the trend has continued. The rate which had gone up from 4.17%  to 4.51% in under five days is now up to 4.625%. The current rate includes one discount point (1% of the loan…