Tag Archives: Home Sales

Online Estate Sales Versus Traditional Estate Sales

Online Estate Sales Versus Traditional Estate Sales

If you need to clear out many of your belongings due to downsizing your home, a divorce, moving to another country or if you’re clearing out the belongings of a loved one who has passed away, you need to hold an estate sale. An estate sale is different than a garage sale, where fewer items are cleared out for very low prices. You can hold a traditional estate sale or an online estate sale to liquidate many items at once. Learn more about what’s involved with each kind of sale to decide which is right for you. 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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Staging Your Home – Think Neutral and Minimalism

Staging Your Home – Think Neutral and Minimalism

When it comes time to selling your home, staging it can play an important role in getting it sold. Home staging is all about showing how the space can be used and to help buyers envision themselves living in this space. Essentially, you’ll want to remove most of the personal elements and make the space as neutral and minimalist as possible. Here are some tips for staging your home. 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 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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The Difference Between a Deed and a Deed of Trust

The Difference Between a Deed and a Deed of Trust

There are so many legal terms to navigate during a real estate transaction. You might feel like you’re studying for the bar exam when you’re purchasing a home. While the help of a professional real estate agent certainly will help you in your journey, it’s good to arm yourself with information so you fully understand all the terms that are part of a real estate transaction. Here is the difference between a deed and a deed of trust. Continue reading

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What is the Congestion Relief Fee for Prince William County and how is it Calculated?

What is the Congestion Relief Fee for Prince William County and how is it Calculated?

There are typical costs that are associated with selling a home in Prince William County – everything from administrative fees and taxes to real estate commission. One closing cost item that sellers tend to have questions about is the Congestion Relief Fee (also known as the Grantor’s Tax). Sellers want to know “What is the Congestion Relief Fee?”, “How is it calculated?” and “Does it impact me?” Let’s take a look into each question. Continue reading

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What is the role of a title company in Northern Virginia?

What is the role of a title company in Northern Virginia?

During the home buying process, roles like those of the realtor and home inspector are easily understood. Other roles, like the role of the title company, may be puzzling. It’s important to understand the critical role that the title company plays in the purchase of your new home, as it protects you from legal disputes over the property. If you are purchasing a home in Northern Virginia you have the right to use a title company or a real estate attorney to close and process your transaction. With most residential transactions in Northern Virginia, a title company is used. Here are some key points to know about your title company. Continue reading

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The Real Estate Contract: What is the earnest money deposit and how much should it be?

The Real Estate Contract: What is the earnest money deposit and how much should it be?

The time has arrived. You’ve found the home of your dreams and are prepared to make an offer. Now what? All real estate contracts must be in writing and a seller will not accept a formal offer without an Earnest Money Deposit (EMD). Earnest money is a deposit made to a seller showing the buyer’s good faith to proceed in a transaction. The EMD is an important part of the home buying process as it confirms to the seller that you are a legitimate and committed buyer. Without an EMD, a buyer could potentially make offers on several houses taking them off the market until they decide on their favorite. Continue reading

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