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When moving up should you sell first or buy first?

In a buyers market like we have in Northern Virginia, people who are looking to sell their current home and purchase another have a tough choice to make. Should they sell their current home, or purchase their next home first? There is no one-size-fits-all answer, but here are a couple of scenarios to consider: Sell Home 1, Then Buy Home 2: In this market, you …

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Seaching for a House near a Metro in Northern Virginia

If you are searching for a house near a metro, you’re probably not finding them all.  And it’s not your fault.  It’s the listing agent’s fault. Agents who list houses within walking distance of Metro Stations are NOT including that in their listings.  So when you search for them, you’re not finding them. (You’ve GOT to be thinking…come on Jeff…there might be a few agents …

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Getting Cheap House E-Mail Alerts on FranklyMLS.com

In my previous video I showed you how to search for under-priced homes using FranklyMLS.com.  I suggest you watch that one first, then come back and watch this one on how to get email alerts for your searches for low-priced homes.  This feature was just added yesterday, and is incredibly useful for finding cheap homes as soon as the come on the market and before …

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Video on Finding Low Priced Homes at FranklyMLS.com

I put together this video with detailed instructions on how to use FranklyMLS to find houses that are under-priced.  If you have any questions about the process, leave them in the comments section below and I’ll answer them for you. UPDATE NOVEMEBER 26, 2008:  New features were added to FranklyMLS that allow you to get email updates when under-priced homes come on the market.  See …

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Frankly, It’s Time for a Change

I’ve decided to join Frankly Real Estate.  Let me tell you why: 1. Frankly Real Estate, Inc. is on the cutting edge of technology. In fact, I had started sending some of my clients to the FranklyMLS web site to search for homes long before I considered switching companies.  I think it is simply the best site out there for locating a home because it includes …

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Mr. Smith buys a house

I had a short talk yesterday with Lucas Smith, who recently bought a short sale in Centreville, Virginia about why he decided to buy a house at this time: Related Posts:Buyer Agent FAQReading Real Estate Listings with a Contrary MindHouse Searches for Walkers, Bikers, Boaters and Cheapskates

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Northern Virginia Real Estate Market Update

The housing rate in Northern Virginia (defined as Arlington, Alexandria, Fairfax County, Fairfax City, and Falls Church City) sold at a rate of 19.5% in September.  This number is down slightly from the previous month, but almost double the 10.5% rate from September of 2007. The statistics continue to show an improving market.  The real test for this market will come next month when the …

Attending the Northern Virginia Economic Summit

I will be attending the Northern Virginia Economic Summit this morning (Sept 11, 2008) put on each year by the Northern Virginia Association of Realtors. This meeting has become an annual event for me personally. It is a chance to hear from Economists who specifically study the economy in our region, and leaders who are shaping the future of the whole Washington DC region. The …

Real Estate Tax Rates in Northern Virginia

What do various counties and cities charge for property taxes on homes in Northern Virginia? The following figures are per $100 of assessed value in the tax year 2008: Arlington County:  81.8¢ Alexandria City:  84.5¢ Fairfax County:  92¢ Falls Church City:  $1.03 Fairfax City:  79¢ Loudon County: $1.14 Prince William County:  97¢ Most of the rates I have listed above are “base rates.”  Most counties …