Posted on Jul 22, 2021
When Biden became president last year, one of his priorities was to address the issue of housing affordability. Since election day, Biden and his team have proposed a wide range of potential solutions to the current issues. So how could these changes end up impacting the overall housing market - an...
Posted on Jul 20, 2021
The old adage for buying a home has always been “put 20% down” - in other words, be ready to fork over 20% of your home’s selling price at the closing table as a down payment. More and more, though, potential homeowners are realizing that not only is 20% unnecessary - sometimes, it can even work a...
Posted on Jul 16, 2021
If you’ve been working with a real estate agent to buy a home, you may have heard them talk about putting money "in escrow.” But what exactly is escrow - and what does it mean for your money? Here’s what you need to know. What is Escrow in Real Estate? Escrow refers to money that homebuyers put in...
Posted on Jul 15, 2021
Although DC may be best known for its awe-inspiring monuments and historical significance as the nation’s capital, it’s a vibrant city in its own right. Award-winning restaurants, trendy bars, and a top music scene have attracted plenty of businesses and residents alike. If you’re new to the area...
Posted on Jul 08, 2021
While looking at homes for sale, you may have noticed that realtor.com has recently added a flood risk assessment to their property listings. Homes can score from 1/10 (lowest risk) to 10/10 (high risk) and two different measurements are given: an estimate of a home’s FEMA flood zone, as well as Flo...
Posted on Jul 06, 2021
After the madness of closing on a home, the final walk through can feel redundant or unnecessary - and sometimes buyers are tempted to skip it completely. No matter how busy you are, however, the final walk through should remain a priority as part of your home buying process. Here’s what you need to...
Posted on Jun 16, 2021
We’ve written about just how crazy this market is before, with homes in hot areas going for as much as 50% over asking price. Many people who want to move are wondering: should I sell my house now and rent until the market cools down, then buy my next home? There are both benefits and drawbacks t...
Posted on Jun 14, 2021
It’s easy to get caught up in the home buying/home selling process and forget closing costs, but closing costs are the last thing you should forget when you’re trying to budget smartly. Closing costs not only impact how much cash you can put toward a down payment, but also how much cash you can offe...
Posted on Jun 10, 2021
It’s time to sell your home in Virginia, and you realize you need to do something known as “disclosure.” So what is it? Disclosure laws dictate what a home seller must tell a home buyer about the defects/current state of their property when they go to sell. Virginia’s disclosure requirements ...