Virginia is known as a ‘Caveat Emptor’ state – Latin for ‘buyer beware’. It is up to the buyer to do the necessary inspections and uncover any defects. A Seller can’t intentionally cover up a defect, that can be hard to prove. Here are a few tips to help you spot not so obvious problems.
For some reason, people have come to treat Zestimates are the defacto standard. Maybe it has something to do with our desire for instant gratification. In today’s internet-obsessed society, we want instant answers. How accurate are they? Not very. They are better used as a starting point for determining value, not the endpoint.
I work with a lot of investors and a lot of what I call ‘accidental investors’ – people who had no intention of becoming a real estate investor, but do so when they move and rent out their property because it ‘almost covers the mortgage’. I cringe when I hear that phrase.
In part 1, we discussed the pros and cons of either buying first or selling first. In Part 2, we will look at how to protect yourself when you are trying to do both simultaneously. There are several options you can use in a contract to protect you when you are buying and when you are selling. Let’s look at the contingencies to use when you are the buyer of a new home.
What is a ‘kick out’ clause? A question I get frequently is ‘What is a kick out clause’ in regards to a real estate contract. You may have noticed listings…
How To Save $137,575 On Your Next Purchase By Maximizing Your Credit Score Your credit score is one of the key determining factors that lenders look at to determine your…
Having worked with hundreds of condo buyers & sellers the past 15 years, I’ve seen these five common mistakes buyers make. Sometimes they are costly and sometimes they result in the buyer missing their dream condo.
Unless you are a first-time buyer, you have probably asked yourself ‘What should I do first – buy or sell?’. I’ve helped a number of clients in this situation and my answer usually starts with ‘it depends’. It depends on a number of factors and this post will explore the pros and cons with each. Part 2 of this article discusses various ways to protect yourself so you don’t find yourself homeless.
When the heat index rises above 100 degrees, which is all too frequent during a DC summer, the search for relief becomes paramount. And nothing says relief like jumping into a swimming pool. Ahhhhhhh. If you want a pool to call your own without having to maintain it, a condo with a pool is your answer.
Many buyers will see the charge for title insurance on the settlement sheet and wonder ‘what is this and do I really need it?’. Like many forms of insurance, you might pay months or years without ever using it and wonder if you really need it – until you need it. Then you are glad you have it.