Category Archives: Real Estate

December 01

Buyers’ Market Advice

Did you know that Great Falls and parts of the McLean market are a buyers’ market right now?  In other parts of Northern Virginia, like Sterling, Reston and Alexandria, homes are selling in 30-45 days, in some cases with bidding wars, which is good for sellers, but not great for buyers. By contrast, in Great […]

November 28

Interest Rates are Climbing…Time for Buyers to Get off the Fence!

In case you missed it with all the election news…interest rates are headed up.   Just a little data: an interest rate increase of .5% on a $500,000 loan, means an additional $180 in monthly mortgage payment, which translates to almost 10 percent less buying power on a $500,000 purchase. Ouch! If you have been considering […]

November 17

The Home Equity Playbook

What is Home Equity? Home equity seems to be a very simple calculation — the total amount of mortgages owed subtracted from the current market value of a home. Here is a simple example: Current Home Market Value $325,000 Existing Mortgage $225,000 Homeowner Equity $100,000 One side of the equation is well defined, and it […]

September 15

A Beginner’s Guide to Real Estate Investing

Despite the grim economic outlook for some industries, one sector is gaining viability — real estate. According to the 2016 Emerging Trends in Real Estate, which was released by the Urban Land Institute earlier this year, trends such as “18-hour cities” and millennial parents increasingly moving from urban areas out into the suburbs signal that […]

September 08

Why You Need to Get a Home Inspection

Okay, you made one of the most important decisions in your life: you’re buying a home! You found your ideal home. It’s in your desired neighborhood, close to everything you love, you love its design and feel, and you’re ready to finalize the deal. But, whoa … wait a minute! Buying a home isn’t like buying […]

September 01

Is It Better to Buy a New or Existing Home?

Maybe your dream home has the intricate details that you usually find only in older construction – wainscoting and crown molding in the interior, the front porch with a swing, an older tree shading the back yard, and the white picket fence. Or maybe your dream home has all the conveniences of modern living – […]

How To Amp Up The Resale Value of Your Home

Whether you’re putting your home on the market this year or in the next five years, it is a smart decision to start building your home’s resale value now. Here are some ways to create a comfortable home while making it easier to put more money into your bank account on closing day. Small Maintenance […]

Great Falls & McLean Homebuyers: Choose your lender carefully!

It sounds antithetical, but do not choose your lender based on rate alone.  Beware the siren song of the “cheap” lender.  Choosing the wrong lender could cost you. Make Sure Your Lender Has a Good Track Record Select your lender based on their record of getting loans processed, underwritten and to the settlement table on […]

April 07

Tips for Finding that Dream House

More than 90% of people start the process of looking for their next home by going online, and if one searches the term “Washington DC homes,” there are more than 134,000,000 results. How can you be sure not to miss the perfect house buried in all that info? If you are like most Americans, you’ll […]

Lessons from a Lender: Credit Score Advice

Written by Don Frutchey of Atlantic Coast Mortgage LLC One of the most important aspects in the “underwriting triangle” is the credit score. Not only is credit elemental to the loan approval but also has an impact on the monthly payment. Of the three critical underwriting elements and aside from the down payment, credit (typically […]