So, you’re talking to a REALTOR® and they sound like they’ll be great! But, how can you do a little background checking on them? I mean, what if this guy/gal has violated Fair Housing laws or has had other complaints filed with the state?! Check out Virginia’s Department of Professional and Occupational Regulation (DPOR). The [...]
Image via Wikipedia Question: If there is a mold problem that I have fixed, as a seller, do I need to disclose it? Answer: The listing agent must disclose problems that exist, and not repair and remediation history, unless that history itself suggest an ongoing problem. It may not be easy to determine whether a [...]
Here’s a quick look at some key housing stats in the Northern Virginia area for the month of November 2010.
According to the National Association of Realtors (NAR), 23,000 condo projects could lose their eligibility for FHA-guaranteed sales and refinancing after 2,200 projects have already lost eligibility. The FHA set standards last year that require condominium projects that were FHA approved before 2007 to renew their approvals by December 7, 2010 and NAR projects roughly [...]
Zillow.com is a very popular consumer site which touts itself as a leading online real estate marketplace dedicated to helping homeowners, buyers, sellers, renters, and real estate professionalsfind and share vital information about homes, real estate, and mortgages.” Agreed! Where I urge consumers to tread with caution, is relying too heavily on Zillow’s Zestimate® – [...]
This past Monday, I was very fortunate to have a been a returning guest on Ryan Sloper‘s Real Estate Radio Show on 1580AM. Topics of discussion included: QE2 (Quantitative Easing) by the Fed will mean to interest rates, and the Northern Virginia real estate market. If you or someone you know is getting ready buy [...]
You often hear the most important thing in real estate is…say it with me…location, location, location. No argument here. But, I want to bring light to one of the biggest keys to a successful real estate transaction: COMMUNICATION, COMMUNICATION, COMMUNICATION. Transactions can go along seemingly without a single bump in the road or they can [...]
A few days ago I wrote about C.L.U.E. (Comprehensive Loss Underwriting Exchange) Reports and how they can affect a homebuyer when they apply for insurance on a home. Claims on the report can have a significant impact on the premium charged by insurance companies and can even lead to being denied insurance. Now, what if you’re [...]
In the Commonwealth of Virginia, a large chunk of the burden to discover the pluses and minuses of a home fall on the buyer. You see, Virginia is a caveat emptor state, which means “buyer beware”. Now, if you are buying a home with a lot of pluses, that is great! But what about minuses, [...]
The answer is, yes. Allow me to explain. More and more homebuyers in the Northern Virginia area are asking for a C.L.U.E. (Comprehensive Loss Underwriting Exchange) Report for the homes they are considering. These reports provide dates of claims, insurance company(ies) involved, the type of policy, whether the loss was related to a named catastrophe [...]
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