Below is a spreadsheet of the latest statistics for the Real Estate Market in Northern Virginia. A lot has changed (hopefully improved!) this month so take a close look at the spreadsheet. A few of the changes: Different Jurisdictions are on separate tabs of the same spreadsheet. As always I have stats for Northern Virginia [...]
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 [...]
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 [...]
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 [...]
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
Ok….I have to admit it….I’m surprised by this month’s numbers. Since April of this year we have been sitting very close to a 5-month supply of homes on the market. I our current economic context I have been very excited by the 5-month number. It means that 20% of the people who are trying to [...]
The City of Fairfax continues to lag the Northern Virginia market as a whole in October. Last month 15% of the homes on the market sold in Fairfax City. This is slightly lower, but in the same ballpark as the numbers from a year earlier. I added a column to the statistics spreadsheet which I’ll [...]
A good relationship with a loan officer is vital for someone wanting to make solid decisions on the purchase of a home. As a Realtor advises you on the physical, transactional, a lifestyle aspects of your purchase, a loan officer advises you on the financial. A good loan officer will ask you a lot of [...]
In today’s Washington Post Kenneth Harney wrote: Loan terms and credit underwriting standards have been toughened up, but you can still put down 3 percent (3.5 percent after Jan. 1) on an FHA-insured mortgage and 5 percent on certain Fannie Mae and Freddie Mac loan programs with private mortgage insurance. The FHA’s credit standards are [...]
