Tag Archives: Buying Home

How to Improve Your Credit Score

How to Improve Your Credit Score

If you have a FICO® score of 650 (which is considered “fair”) or below, it can affect your ability to purchase some of life’s bigger transactions, like buying a car or getting a mortgage for a house. That’s a position no one wants to be in, but there is hope in that there are steps you can take to improve your credit score. Keep in mind, building good credit takes time. It won’t happen overnight, but if you take these steps, you’ll be well on your way to better credit. Continue reading

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Radon and The Importance of Testing Your Home for It

Radon and The Importance of Testing Your Home for It

Radon is a radioactive gas that comes from the natural breakdown of uranium in soil, rock and water. It is found all over the country but especially in areas along the east coast, and in Northern Virginia.

The EPA and the Surgeon General recommend testing all homes below the third level especially if there is an in-ground basement or little ventilation on the lowest level. The EPA also recommends testing before you buy or sell a home. Continue reading

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Customary Closing Costs for a Buyer on a Real Estate Transaction

Customary Closing Costs for a Buyer on a Real Estate Transaction

If you’ve been through the process of buying or selling a house or you’ve refinanced your current home, you’ve had to pay closing costs. In the state of Virginia, title companies are used for closings. During your transaction with them and settling on the house, you most likely got a document from them that looked like this, listing out everything that you’d be paying for at closing. Maybe you didn’t quite understand it, or maybe you’re a first-time homebuyer and need to know what all you’ll be paying for at closing. Here’s a breakdown of many of the costs for buyers. Continue reading

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Prince William County's 2019 Real Estate Market Review and 2020 Forecast

Prince William County’s 2019 Real Estate Market Review and 2020 Forecast

In 2019, the real estate market saw low interest rates for home buyers, but also low inventory, especially for those looking for start-up homes. 2020 is shaping up to be very similar. Here’s a look at where we’ve been and where we’re headed in Prince William. Continue reading

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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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