September 19, 2024

The Interest Rate-Condo Price Connection

Low interest rates, while often seen as a driver of real estate transactions, can also discourage homeowners from selling their properties. Many owners secured their homes during a period of historically low mortgage rates. These favorable rates made owning a home more affordable by reducing monthly mortgage payments. If they were to sell, they would likely face much higher interest rates when purchasing a new home, leading to significantly higher monthly payments. This "rate lock-in" effect causes homeowners to think twice about selling,
January 24, 2025

7 Traps That Condo Buyers Fall Into and How to Avoid Them

Buying a condo is a major decision that comes with a mix of emotions and challenges. Along the way, many buyers unknowingly fall into psychological traps that cloud their judgment and lead to regrets later. Whether it’s fixating on the “perfect” property, rushing to make an offer out of fear, or overlooking hidden costs, these mental pitfalls can derail even the most well-prepared buyer.
January 17, 2025

10 Key Insights On Your New 2025 Assessment

In Arlington, real estate assessments are made every year for the full calendar year. There are two components to the assessment: Land and Improvements. Even for a condo, there is a land component. The improvement component is everything that was added to the land, e.g. the house or building. Here are 10 insights to know.
November 26, 2023

Getting Started with Buying a Condo

Are you ready to get started on your condo buying. Condos offer a unique blend of convenience, amenities, and community that can enhance your lifestyle in urban areas like Arlington, Virginia and Washington, DC. Whether you're a first-time homebuyer, a millennial seeking the perfect starter home, or someone looking to downsize, this comprehensive guide is designed to equip you with the knowledge you need to make informed decisions throughout the condo-buying process.