What’s cheaper, renting or buying a home in the Loudoun and Fairfax County area? This is a common question asked by many prospective homebuyers. The answer to the question really depends a lot on the buyers( or your) goals. Recently, Tulia rated the Washington DC area as a 12 on a sale of 1-35 as being cheaper to buy then to rent. Another similar report by Inman news recent reported that in 74% of cities nationwide buying is cheaper then renting. Washington DC area was one of the … [Read more...]
PenFed Realty Is Coming Soon to Chantilly!!!
June 27, 2011 By Leave a Comment
PenFed Realty is opening a brand new office in Chantilly VA! What’s so great about another Real Estate firm opening up an office in Chantilly you ask? First a little background; PenFed Realty is a wholly owned subsidiary of Pentagon Federal Credit Union with over 1 million Federal and Government members with over $14 billion in assets. PenFed Realty currently has nine offices (Chantilly will be number 10) open throughout the US and has plans for another dozen offices in the next … [Read more...]
The Differences Between A Short Sale and a Foreclosure
June 21, 2011 By Leave a Comment
With all the craziness happenings in the mortgage industry there is never a shortage of confusion about what exactly is a foreclosure, Deed in Lieu, or a short sale. Just as importantly as understanding what these very “mortgage industry” terms actually mean is understanding how they will effect you! So, lets get started! * Foreclosure is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a termination of a mortgagor's equitable right of … [Read more...]
Where are all the Foreclosures!!!
April 12, 2011 By Leave a Comment
"The economy is in a free fall"; "people are losing their houses by the bushel"; "unemployment is at record highs etc, etc, etc". You would think with these types of headlines there would be foreclosed homes on every block! Right??? Not if you are looking for foreclosures in the Northern Virginia area more specifically in the Loudoun and Fairfax county areas. If you are lucky enough to find a foreclosed home don’t be surprised to see multiple offers all above asking price. So, if … [Read more...]
Secrets To Buying A Short Sale
February 20, 2011 By Leave a Comment
With 1 in 3 homes being sold as a distressed property understanding how theses distressed properties are sold and marketed will put you head and shoulders above the pack. After all, what red blooded American doesn't love a GREAT DEAL! In this blog, I have covered 5 quick ways to help ensure your success in buying a Short Sale in the Northern Va Real Estate market. Know your market: It’s really easy to buy into the hype that all short sales are being given away. Actually Short Sales are … [Read more...]
Chuck Rifae Associate Broker PenFed Realty Group 571-207-6390 Entrepreneur, Real Estate Broker, Avid runner, and soccer dad! 
