I am often asked by new clients to show them property for sale. Well I always ask; Have you been Pre-Approved? While many buyers have in fact done this important 1st step; many others say; I have good credit – I’ll be fine; just show me some homes. Well my answer is: NO. You really…
Category Archives: Buyers Tips
Rushing into a decision….
We once had the opportunity to work with some great clients. These buyers were “going to buy this weekend!”. So one Friday afternoon we showed them property; they found something and wanted to “sleep on it”. Nothing wrong with that. Then at 5pm Friday the Listing agent informs us there is another offer coming in…
Getting Pre-Approved? It’s all about your Credit Score !
For those buyers who are getting a Pre-Approval or preparing to purchase a home; one of the most important factors is your credit score. Yes; you need to have a job and some income – but your credit score will dictate if you CAN get pre-approved and what your INTEREST RATE will be for the…
How much money do I need to buy a home?
One question which I am often asked is “How much money DO I need to a buy home?”. Well it depends. There are many different loan programs available to today’s home buyer. The thought that banks are refusing to loan money; simply is not true. The key is: You have to have decent credit, income…
There are still Lenders with ethical issues…
Our buyer; chose to use the sellers “Preferred” Lender. This was a challenging loan and this loan officer said it could be done. Great. Well communication has not been the best with this loan officer. In fact the communication is almost non-exsistant. Then last night we receive an email from the Seller – not the…
Etiquette when showing a home
Amazingly; I find more and more potential home buyers – and their agents – having a complete lack of consideration when they are showing a sellers a home. I blame more the agent than the actual home buyers. When I go out with buyers; I tell them the “Rules of the Showing”. Here are some…
What does 300k buy you in Dupont Circle?
It always amazes (and scares many) how much Real Estate costs in Washington DC. In the popular Dupont Circle Neighborhood; prices are; and remain higher than many parts of the city. So what does $300,000 buy you in the Dupont Circle neighborhood of Washington DC? How about this 1 bedroom / 1 bath…
What not to post in your condo hallway….
It happens all the time – and owners of condo buildings do not realize how it impacts them! I recently came across a huge sign in the hallway of the condo building. ”NOTICE: Due the unusually high number of late payments; the condo board will be increasing the condo fees and doubling the late payments”….
The DC Real Estate Market… you’re not in Kansas anymore…
… not to pick on Kansas … The Washington DC Real Estate Market is hard for many people to understand; whom are relocating from other parts of the Nation. Our market is one of the very few markets; where prices are (slowly) inching upwards. The inventory of good properties is down and sellers are…
Does your Realtor know the law?
It amazes me on how many of my Real Estate colleagues I interact with everyday – do not know the basics – or the laws. Today I asked a Listing Agent for the property disclosures on one of their listings. My buyer wants to make an offer and part of the process is reviewing the…
