This post is Virginia specific, because laws governing tenants in DC and MD are very different. When you’re looking at properties that are tenant occupied, you’ll have to keep a few things in mind: 1) Tenants have the right to say there through the end of their lease, whether you buy it before then or [...]
Archive for the ‘First-Time Buyers’ Category
What Is A Pocket Listing?
January 9th, 2012
Laura Occasionally I watch HGTV shows, mostly Property Brothers and Income Property, surprising I am sure since I live those shows every day! Last week I watched the season opener of Selling LA, just to tease myself with the gorgeous ocean views we don’t have here in DC. Somehow the Potomac River just doesn’t have the [...]
How Much Cash Do We Need To Buy?
December 14th, 2011
Laura I have conversations every day that remind me to go back to basics when you’re talking about real estate transactions. With that in mind, I’d like to go over the basics of a mortgage and how much you actually need to buy a house in the DC area. Now, I am NOT a loan officer, [...]
Is There More Value In A Newer Home or Older One?
October 13th, 2011
Laura Many people ask about buying new construction versus an older home, and which one is a better value. This is a multi-faceted question since there are so many things to consider. In general around the Arlington area, you’re going to pay more for a new property than you will for an older home. The average [...]
Who Attends A Home Inspection?
October 11th, 2011
Laura Once you have a ratified (binding) contract, you’ll schedule a home inspection to occur within a specified number of days. Many people ask who can or how many people attend an inspection, so let me clear up this issue: Anyone you want.* *Within reason Normally, the people in attendance for an inspection include: 1) The [...]
We Hate Everything We See: How Do We Find The Perfect House?
August 19th, 2011
Laura Not to be debbie downer, but the perfect house doesn’t exist (or it’s $500k over your budget). There’s ALWAYS something you want to change, whether it’s a big thing or a small annoyance. For me…the refrigerator opens into the wall and every time I open the fridge I bang it into the wall. For others, [...]
What Is A Seller Required to Repair on a Home Inspection?
July 6th, 2011
Laura When a buyer does a home inspection, the findings can be grouped into two categories: 1) Required Repairs and 2) Requested Repairs. When determining whether an item falls under one category or the other, use this a guideline: Required Repairs must be in accordance with Paragraph 7 of the VA Regional Sales Contract, which reads: [...]
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