Everything You Wanted To Know About Real Estate
Got a Bank of America loan and trying to successfully complete a Short Sale? Well buckle up and read on, you have just found the right website! It has been my experience that Bank of America is one of the toughest lenders to work with in completing short sales. Here is what you need to know to successfully close a Bank of America Short Sale: The Paper Trail: Customers and Realtors I know describe working with BOA with words I cannot put on this blog without putting an … [Read more...]
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...]
Having worked in the Real Estate business for almost 10 years I’ve had a chance to hear some really wacky Real Estate claims. Some of these claims are made by unscrupulous individuals who are not licensed Realtors or lenders(for good reason). Most of the scams target unsuspecting individuals on late night infomercials promising fast cash and a track to riches for only 3 payments of $45! Over the last 5 years with the tanking of the Real Estate market various scams have exploded on to the … [Read more...]
Did you buy your last home without Title Insurance? Many homeowners think to themselves, “great another junk fee” when faced with the line item for Title Insurance at closing. After all, Title insurance can sometimes add several hundred or even thousand dollars to the bottom-line of a settlement. My clients almost without exception ask me at closing if they should buy this sometimes expense policy. After all, what are the chances that an American Indian tribe, or a long lost relative, or … [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!
