Everything You Wanted To Know About Real Estate
So, we know that the housing market hasn’t really been that great over the last couple of years. There are a lot of people still underwater on their mortgages and yes, unemployment is also still a huge problem but all that, in my opinion, is changing and changing fast! A combination of a strong regional job market (after all real estate is local), crazy low interest rates (my last buyer secured a 3.75%, 30 year fixed rate VA loan), and low housing stock in the Northern Virginia … [Read more...]
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...]
"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...]
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...]
GOOOOOD BYE 2010! And what A year it has been for Northern VA Real Estate! Rather then feed you a bunch of raw data and let you figure out what it all the means or worse yet just give you a bunch antidotal examples of where Real Estate was and is heading. I thought I would share 4 local Real Estate trends with the corresponding data that I “think” speaks to what happened in our local Real Estate market in 2010 and where I believe Real Estate will be in 2011. One quick item before you dive … [Read more...]
Chuck Rifae Associate Broker PenFed Realty Group 571-207-6390 Entrepreneur, Real Estate Broker, Avid runner, and soccer dad! Check out my about.me profile!
