Buying – Page 2 – Arlington VA Condos | Every building. Every listing.

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,

August 25, 2024

Inside the MLS: How It Powers Your Property Search

As a real estate agent, one of the most powerful tools at our disposal is the Multiple Listing Service, commonly referred to as the MLS. The MLS is essentially a subscription-based service that real estate agents use to share information about properties for sale. By pooling resources, agents can provide their clients with comprehensive listings that include vital details about each property, such as price, square footage, and amenities.

August 24, 2024

The Smart Buyer’s Guide to Navigating Mortgage Choices

Buying a home is one of the most significant financial decisions you'll make in your lifetime. With a variety of mortgage loans available, knowing which one suits your needs can be overwhelming. This guide will help you understand the seven main types of mortgages, offering clear insights into the pros and cons of each, and who they're best suited for.

July 17, 2024

A Tale of Two Cities

People often ask me how the condo market in Arlington compares to the condo market in DC. Both are dense, urban areas that have a shared history. Arlington was part of the original ten-mile square surveyed in 1791 for the Nation’s Capital. In 1847, at the request of the local residents, Congress retroceded Arlington to the Commonwealth of Virginia.

July 10, 2024

What Does ChatGPT Have to Say About 2024 Condo Sales

Last week also marks the end of the first half of 2024. What does the data say? Did you know ChatGPT 4.0 can now analyze spreadsheets? I exported all the 2024 condo listings from the first half and ran it through Chat

May 17, 2024

8 Steps to Improve Your Credit Score

Whether you're eyeing a new home and dreaming of snagging a low-interest mortgage, or simply aiming to navigate past financial turbulence towards a brighter financial future, boosting your credit score becomes crucial.

May 10, 2024

The Scorekeepers: The Credit Agencies That Know Your Financial Secrets

If you’ve ever applied for a loan, credit card, or mortgage, chances are the lender has checked your credit report with one or more of these agencies. Understanding how these agencies work and what information they collect is vital for anyone interested in managing their credit and financial well-being.

April 5, 2024

How do Seller’s Determine an Asking Price?

Setting the right asking price for a home is a critical decision a seller will make. It can mean the difference between selling quickly and lagging on the market, or even selling below market value. But how exactly are asking prices determined, and what factors should sellers and their real estate agents consider? In this post, I'll walk through the intricacies of asking price determination, the methods used by professionals, and what to watch out for when pricing a home.