Patrick Duffy's Real Estate Blog

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 [...]

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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.

Northern Virginia Homebuyers and Sellers, check out the latest MarketWatch

Only 15 Shopping Days Left!

Now’s the time to make a move if you want to take advantage of the homebuyer tax credit, which expires on April 30. Remember, you have to close by June 30.

Homebuyer Tax Credit: 70 days left

If you are interested in taking advantage of the homebuyer tax credit and buy a home in Northern Virginia, the clock is a-ticking. Seventy days to find your home sounds like a lot of time, but it will surely go by very quickly as you are competing with throngs of other buyers looking to cash in.

Northern Virginia Real Estate Foreclosure Auctions: Should I? Or Shouldn’t I?

You see the foreclosure notices in the local paper and you hear they conduct these auctions “at the courthouse steps”.  The courthouse isn’t the first place on your list of places you want to be. Well, it’s actually a place brimming with opportunity for Northern Virginia real estate investors.  Just take a look at how [...]

Want an $8000 Tax Credit? Buy a Woodbridge Home for Sale Now

Last November, when Congress approved an extension on the first-time homebuyer tax credit, potential homebuyers who missed the original deadline were excited. It was another chance to buy a Woodbridge home for sale and receive an often badly needed $8,000 on their tax return.