Tweet This week Tom spoke with one of our trusted lenders about FHA Loans. Click to Watch!
Category Archives: Buyers Tips
Whose Commission Is It?
Tweet Whose Commission Is It? One of the most common reasons buyers want to deal directly with the seller is because they feel they can save the commission. It’s a valid consideration but interestingly, it’s the same reason the seller isn’t employing an agent. Both parties cannot save the commission. The buyer feels they have…
“Please take our offer…”
Tweet “Please take our offer…” It’s interesting that the housing climate has changed so quickly. Some buyers, who think they’re still in the driver’s seat, find the market is now going up and they’re losing the home that they really want. Multiple offers are increasingly more common and buyers are frustrated because even full-price…
Why New Projects won’t impact Pricing in Washington DC
Tweet I was recently asked my thoughts on housing prices in DC; giving that once again DC is seeing a new boom in construction of condos. Will this new boom drive down prices? Will the supply be too much? While I do not have a crystal ball – let me give my thoughts as to…
Mortgage Locks – What you should know…
Tweet While every lender has a few differences; there are a few important basics you should know about locking in your mortgage interest rate. It doesn’t matter if you are buying your 1st home, 2nd home or refinancing; your mortgage lender will require to lock your interest rate at least 5 days prior to your…
Yep – That’s Mold !
Tweet Mold.. that 4 letter word people love to say whenever they see something odd or discolored on a wall or ceiling. I have heard buyers call it out; home inspectors and some of my fellow real estate professionals. However there is one HUGE problem with this…. No one knows if in fact it IS…
Preapproved or Prequalified: What’s the Difference?
Tweet Confusing prequalification with preapproval can mean disappointment for a home buyer. Buyers need to become preapproved by their lender – not just prequalified. For a buyer to obtain a true “preapproval”, they must submit a loan application with the necessary documentation. After the lender verifies and analyzes the application, runs a credit report and…
What is a CO-OP?
Tweet Many of my clients ask me about co-ops. What are they? Should I buy one? How are they different from condos? While they are more common in areas like New York and Washington DC, they are found in many places around the country. Here are some facts about co-ops… Basically a coop is the same…
Multiple Offers Part II …. How to win a Multiple Offer situation
Tweet As I mentioned in the previous post; Multiple offers are back in the Hot DC neighborhoods. So now if you decide you want to compete; how can you win an offer without selling your soul? Have your own agent – with a good reputation. Yes; I put this as my 1st bullet point…
Multiple Offers Part 1…Don’t be afraid of Multiple Offers
Tweet The past few weeks has seen many HOT properties with multiple offers. Homes in certain neighborhoods in DC are moving FAST. In days; not weeks. They are also seeing a huge number of people coming and seeing the properties for sale. I have seen a couple of Open Houses with 50-75 people in them…
