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Purchasing NEW HOMES and Washington DC Realtor

Realtor - Washington DC

Purchasing NEW HOMES and Washington DC Realtor

Purchasing NEW HOMES and Washington DC Realtor is now connected with each other. New construction is everywhere, in the city, in the suburbs, in the country.  And whenever things are new people always like new things.  When it pertains to housing there’s nothing like home-ownership to something new.  So walking into any NEW construction unless you’ve bought before many will go along with whatever is told to them as long as they are told they are able to buy a NEW home.  In some cases everything is completely alright but in others one may find things have been left out or sometimes misled. Hiring an experienced Realtor when purchasing new homes should be your first step.

Purchasing NEW HOMES and Washington DC Realtor

Having an experienced Realtor can be the difference between a new...

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Increasing equity in your home in order to sell for a profit – Washington DC Realtor

Increasing Equity in your Home – Washington DC Realtor Damon

I was recently asked by a homeowner, “how long does it takes equity to build up in your home?”. She stated she didn’t want to do a short sale and was interested in gaining a profit after the sale of her home. As always I explained to her that real estate is always location, location, location and depending on the location along as to what’s going on with the local economy would determine the increase in value and equity in each home.

Equity is developed over time and is not instant like some people may believe due to the unusual housing market that was evident between 2000-2008.  The only time in recent real estate history where prices increased so dramatically that many thought they hit the lottery...

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Credit Score – Washington DC Realtor

Credit Score

Credit score fluctuates throughout your life, you know that ?  The reason for this is has to do with the financial choices one makes and how responsible one is with paying their bills on time.  The items on one’s credit report is one’s financial DNA, just like everyone has their own genetic DNA.  Credit doesn’t always tell all as to how responsible or irresponsible a person is but it does gives someone an ideal of how they will be in the future.

Credit Score

Depending on the date the items were first opened and date of last use can determine the longevity of how long it stays on one’s credit report.  Along with the items history can have a positive or negative affect on one’s credit score as well...

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How Long Appraisals Good – Washington DC Realtor

How long appraisals good ?

How Long Are Appraisals Good ? Now a days its a big Question. Appraisals are the estimated value of a property determined by the calculation of the square footage, condition, age, and local comps.  Unfortunately some people believe that an appraisal lasts years or even an year.  Truth is the real estate market fluctuates every 3-6 months so an appraisal cannot hold a true value longer than 120 days.

How Long Appraisals Good

Appraisers are trained to give an accurate and full value of any properties and they are chosen at random to eliminate any bias towards anyone in the transaction.  When the housing market reached it’s peak before the bubble burst, rumor is that some appraisers were bias thus caused the housing market to quickly soar...

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Should I Believe Media

Should I Believe Media ?

In a world of fakes and snakes please make no mistakes that everything you see or hear on TV or the radio can or cannot be true or false, so what you think, Should I Believe Media ? To know whether or not the authenticity is true really depends on various factors.  Now when it comes to TV especially **TV which specializes in numerous shows about real estate.  I’ve found many of my clients have quoted “well on **TV”, and while I listen to them all, a pattern has become very obvious.  Many are uneducated on the reality of the local market compared to shows that show a variety of things spread out over this country and all over the world.  Real Estate is ALWAYS local and everything does NOT apply to everything.

Should I Believe Media

80% of the times when I listen I find that com...

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Old and New ways of Buying Home – Washington DC Realtor

Old and New ways of Buying Home

In today’s Real Estate Market many consumers are still doing things let’s say the pre 2000 era. Technology isn’t the same as it was 5 years ago so why do people still go about buying a home the same way.  The Old (pre 2000) versus the New (present day) is quite obvious to experienced and veteran agents.

The Old way of buying a home, was visiting many open houses, driving around, or calling a random agent asking to look at a house, ALL without even being preapproved or having the proper funds in place in order to be in a position to buy. Today’s correct way of buying, being fully approved and having savings before doing anything pertaining to purchasing a house.

Old and New ways of Buying Home

It all sounds so simple but in this world common sense isn’t always quite so simple in ...

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Who Can Foreclose on Condos/Townhouses?

Who Can Foreclose on Condos/Townhouses?

Homeowners can become worried just hearing the words “foreclosure” but when living in a community that has a association of a condo or townhouse who files for foreclosure.  In attempts to collect any balance owed to an association they may threaten with the talks of foreclosure but ONLY the 1st lien which is the mortgage company can actually do the foreclosure proceedings.  All others such as association can ONLY put a lien against the property in an attempt to collect the debt owed.

Who Can Foreclose on Condos/Townhouses?

Always fully consult with the mortgage lien holder to check the status of a foreclosure if delinquent in payments because they are the ones who will do the actual filing against a property...

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Hire A Washington DC Realtor To Eliminate Online Frustration – Washington DC Realtor

Hire A Washington DC Realtor To Eliminate Online Frustration

Hire A Washington DC Realtor To Eliminate Online Frustration when buying a house in Washington DC. Ever searched online for a house only to find out later it was not available but clearly advertised as if it were.  Ever wonder why?  Let me explain the reasoning behind that and many potential buyers frustration that will continue unless they hire an agent or take an even longer time to find a house on their own.  I had a client last year who was referred to me by her sister and this buyer also had a co-worker who had been searching online for a house over a year and had 3 houses possibly under contract.  I found her a house in less than 2 weeks and she was in her house within 30 days afterward...

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Housing Search in Real Time vs Non Real Time – Your Washington DC Area Realtor

More than 90% of homebuyers begin their search online.  And where they begin usually determines where they will end.  Being connected to the correct websites are vital in making sure homebuyers look for available houses and one does not get frustrated after they think they’ve found their dream home only to find out it is no longer available.  Why is that?  How come many of the houses seem to be gone when one searches but it’s active on another website.

The reason for this is that ONLY active and houses in Real Time are associated to the MLS and many Realtors websites.  Many of the others tend to pull houses from the MLS and add them to their website but they do not update them accordingly...

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The Importance of a Home Inspection – Your Washington, DC Area Realtor

Doing a Home Inspection is almost mandatory when purchasing a home unless you are purchasing a shell or renovation project.  Any home with the intent to live in MUST have a home inspection for the very least the buyers peace of mind.

Home Inspection is always for the buyers informational and usage as to what issues IF any are coming with the home IF purchased AS-IS or what needs to be fixed or repaired for the buyer’s peace of mind prior to the buyers moving in the house.  Home Inspections vary with each company.  Many companies inspect the inside and outside of the home to determine if there are any major issues.  Some companies also include a termite inspection as well which is vital, especially with any homes over 10 years old...

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