Patrick Duffy's Real Estate Blog

Quick Q&A about the Property Owner’s Association Act

When you buy a home in Virginia that is part of a property owner’s association (POA), there are several rules that must be followed during the contract phase.  Home buyers are to be provided a copy of the Property Owners Association Disclosure packet which details the associations financials, bylaws and information specific to the home [...]

Types of Tenancy in Virginia

The type of tenancy by which you own your Virginia home has far reaching implications.

Putting Zillow to the Test in Northern Virginia

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® – [...]

Checkout My Radio Appearance

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 [...]

PRINCE WILLIAM COUNTY Housing Market Statistics for September 2010

Here’s a quick look at some highlights from the September 2010 housing market statistics for the Prince William Association of Realtors region.  This region is comprised of Prince William County, Manassas City, and Manassas Park City. Total sales came in at 521, a decrease of 23.7% from last year.  However, median sold price shot up [...]

LOUDOUN COUNTY Housing Market Statistics for September 2010

Here’s a quick look at some highlights from the September 2010 housing market statistics for the Northern Virginia Association of Realtors region.  This region is comprised of Fairfax County, Fairfax City, Arlington County, Alexandria City, and Falls Church City. Total sales came in at 367, a decrease of 13.9% from last year.  However, median sold [...]

FEATURED LISTINGS

Big Changes to FHA Mortgages

On October 4, 2010, the Federal Housing Administration (FHA) made some major changes to its home loan requirements which will have a significant impact on borrowers.  As you will see, this is a case of one hand giveth and the other hand taketh away.  Read on for a breakdown of the changes. Up Front Mortgage [...]

Virginia is a Caveat Emptor State – What Does That Mean to Homebuyers?

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, [...]

Beautifully Renovated 4BR in Lake Ridge

Four bedroom, three full bath single family home in Lake Ridge. This top to bottom renovation is ready for its new owners. NEW: stainless steel appliances, cabinets, countertops, ceramic tile, carpet, refinished hardwoods and much more! Quiet cul-de-sac, treed lot, close to the water. This one impresses inside and out! Home warranty provided.