Tag Archives: Buying Home

A Unique Closing Cost Fee for Northern Virginia – What it Means and How it Helps

A Unique Closing Cost Fee for Northern Virginia – What it Means and How it Helps

If you’ve spent any time driving — or parked on the highway — in the Northern Virginia area, you know there is a massive need for transportation improvements. To improve congestion in the area, legislators need to raise funds. One way they do this is by the Regional Washington Metropolitan Area Transit Authority (WMATA) Capital Fee. Formerly known as the Congestion Relief Tax, this fee helps provide the funds to improve our roads. Continue reading

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The Benefits of Downsizing to a Condo

The Benefits of Downsizing to a Condo

Downsizing your home is a big decision and one that requires some consideration. We are often emotionally, as well as financially, invested in our homes. While it may be beneficial to move out, it is not always an easy choice. On the bright side, there are many benefits of downsizing to a condo that might make it worthwhile. Here are some of the top benefits to help you decide if moving into a smaller home is the right choice for you. Continue reading

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How Interest Rates Affect Your Monthly Payment

How Interest Rates Affect Your Monthly Payment

Home loan interest rates fluctuate over time and can be affected by certain changes in the market. When interest rates go higher, options might be more limited and you can potentially have less purchasing power. However, when rates go lower, your purchasing power increases as prices are much lower. Let’s shed a bit more light on all this. Continue reading

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What Is a Quitclaim Deed?

What Is a Quitclaim Deed?

General warranty deed, special warranty deed, quitclaim deed — just what do all these different types of deeds mean? Think of it this way. You have different deeds for different needs. When you have a professional real estate agent on your side, you never have to worry about not understanding all the terms you’ll come across during your real estate deal. A pro is there to help you navigate all the terminology you will encounter and help guide your educated decisions in the home buying or selling process. Continue reading

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What Is a Special Warranty Deed?

What Is a Special Warranty Deed?

You probably didn’t think you’d need to pull out your dictionary when you navigate buying or selling your home. But if hearing the words “special warranty deed” has you scratching your head, you’re most likely not alone. Don’t let the jargon scare you! A real estate agent can help you understand the terminology. Continue reading

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What Is a General Warranty Deed?

What Is a General Warranty Deed?

Buying a home is one of the biggest transactions most people make in their lifetime, so it’s no wonder there’s a lot of complex jargon associated with the process. One particularly important term you should be aware of is “general warranty deed.” Simply put, a general warranty deed is the best protection for a real estate buyer. Continue reading

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What Is a Selling Agent and What Can They Do for You?

What Is a Selling Agent and What Can They Do for You?

What Is a Selling Agent and What Can They Do for You?

Unless you’re in the real estate business, you may not know there are different kinds of agents out there — listing agent, selling agent, buyer’s agent, dual agent. How do you make sense of it all without taking real estate classes?

The terminology can be a bit confusing. For example, a selling agent does not represent the seller. Say, what? Continue reading

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5 Things to Consider When Downsizing

5 Things to Consider When Downsizing

Downsizing your home can be a loaded decision. We spend so much of our lives upgrading our careers, cars and homes that downsizing can feel counterintuitive. Moving to a smaller home can be really beneficial for some families, especially families who have raised their children and are ready to live as empty nesters. Here are five things to think about before you consider downsizing. Continue reading

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The Difference Between a Principal Broker, Associate Broker and a Real Estate Salesperson

The Difference Between a Principal Broker, Associate Broker and a Real Estate Salesperson

Principal broker, associate broke and managing broker, and a real estate salesperson – what’s the difference between these agents? For many homebuyers, figuring out the various roles and responsibilities for these real estate job titles can be confusing. People tend to use the terms interchangeably, however, each role requires specific classes, tests and licenses, and continuing education requirements. Let’s discuss the roles and responsibilities of each. Continue reading

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