Category Archives: Real Estate

What is An Appraisal?

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There are a few things that every home buyer and seller should know about appraisals. What Are Appraisals and Why Are They Important? An appraisal is the valuation of a property by an authorized person.  They are particularly important for purchasers who will be taking out a loan on their next home, which is the majority of purchasers. […]

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February 29

Top 3 Reasons to Get Pre-Approved for a Mortgage

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Before you start your McLean or Great Falls home search, you want to know how much you can afford, right? There are two ways to do this: with a mortgage pre-qualification and a mortgage pre-approval. As a home buyer, the pre-approval is more valuable to you during your home search. How Pre-Approval Helps You as […]

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February 25

What is Your Home Worth?

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Ever wondered what your McLean or Great Falls area home is worth? Want to know where to start looking? Whether you’re just curious or are eager to find a competitive listing price, using the best resources to find your property’s value is crucial. There are two types of home evaluation tools: neighborhood sold reports and comparative […]

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February 22

What Impact will Rising Mortgage Interest Rates Have?

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With the Fed’s recent move to increase the federal discount rate, it’s natural to be concerned about the future trajectory of mortgage interest rates. In our view, there’s no cause for alarm. The Fed’s move doesn’t directly impact mortgage rates, and thus far, they have held steady since the Fed’s decision. What happens if mortgage […]

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Market in a Minute: February 2016

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A Summary of Northern Virginia Market Conditions for January 2016 In Northern Virginia, contract activity in January 2016 was down 8.4% from January of 2015, and there were decreases in five of the six price categories. However, it’s clear that the blizzard from the 22nd — 24th was responsible for this decline — the first half […]

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February 15

What is an Absorption Rate?

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  In real estate, the term “absorption rate” is thrown around a lot.  Different people define the term in different ways, but either way an absorption rate is all about supply and demand. As an indicator of what has sold/gone under contract. The absorption rate is sometimes used as an indicator of how many properties […]

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