Real Estate Blog

In our previous blog we talked about the many benefits of buying a Fixer-Upper. Whether you have decided that buying a Fixer-upper is the right for you or if you simply want to make some updates to your current home that will increase its value, we’re going to talk about some of the latest trends.

With the desire to improve our homes and with the launch of Pinterest, there have been a host of new and exciting trends both from a design perspective as well as functionality. Here are some of my favorites:

A lot of 2014 has been about mixing up new and old styles to create one big style that seems completely brand new. For instance, BRASS ACCENTS. Brass made a comeback at home-design and remodeling conventions this year and the trend is expected to

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With the popularity of HGTV shows like “Property Brothers” where two twin brothers help home buyers purchase and renovate "fixer-uppers” you might be asking yourself  “should I  buy a fixer-upper?”

For people who love old houses, and love to work on them, the idea of buying a fixer-upper is attractive. But a fixer-upper might also be a newer home that requires very little work.

In fact the ideal fixer-uppers are those that require mostly cosmetic improvements; such as paint touchups, drywall repairs, floor refinishing. All of these generally cost much less than they return in market value. New lighting fixtures, doors, window shutters and siding, as well as updated kitchens and bathrooms, are also very lucrative improvements.

Sometimes it's

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What the duck? ;-)  Have you seen the 40-foot "Rubber Duck" (a giant inflatable sculpture) that has made his long awaited debut by bobbing in The Hague Inlet as of yet?  If not, you must check him out.  He has already delighted thousands of visitors that have come far & wide (yes, apparently there’s even group of retirees who follow the icon internationally and now here nationally.) 

Norfolk is hosting the enchanting artwork to celebrate the Chrysler Museum of Art’s grand re-opening; after being closed for nearly 2 years due to its expansion and renovation.

The adorable and friendly “celebrity” was designed and created by Dutch artist Florentijn Hofman.  Mr. Hofman chooses the venues in which his work will appear. And this is the Rubber Duck's first

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This month is National Moving Month. Every May marks the official beginning of the moving season, a four-month period between Memorial Day and Labor Day when millions of families relocate. Due to more than three in five Americans (62%) having a pet and the fact that most families consider their pets to be members of the family, it’s important to take the proper steps that ensure the safety and comfort of your non-human family members during any relocation (big or small).  

 “Moving is very stressful for a family,” say ASPCA President Larry Hawk, D.V.M. “That stress is also experienced by the pets. They want to know that they’re part of the family and that they’ll be going, too.”

Unfortunately due to a variety of circumstances, that isn’t always the

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Have you read the healines about the 100% Buy Back Guarantee?

I wanted a better understanding of how these program worked…what the "qualifying criteria" actually was.  With all the information normally available on-line, I was surprised that the only program terms I could locate were printed 5 years ago!  I have to ask, Why don't companies publish restrictions openly, especially ones that are as involved as these? In the absence of current disclosure, let take a look at what I did find... (source:     Seller's Application: 1.  Minimum price in program - $75,000; Maximum price in program - $600,000 2.  Listed X company with a present term of at…
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In our last blog we wrote about why hiring a realtor is important.  As we stated, there are many reasons why it makes sense but let’s examine why it is necessary.  Here are the top reasons why hiring a licensed agent is important:     Experience & Education:  You don't need to know everything about buying and selling real estate if you hire a real estate professional who does. The trick is to find the right person that you feel comfortable with and believe can achieve your objectives.  Why not hire a person with more education and experience than you who is not emotionally involved? We're all looking for more precious time in our lives, and hiring pros gives us that time.  Experienced agents can save you time and money.   Agents are
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In today’s world when so much information is available on the internet , you may be asking yourself  ”Why Should I Have a Real Estate Agent?”  You might be thinking that you could complete your own real estate transactions with relative ease.  Thus using a real estate agent is a thing of the past.

However, it’s important to recognize that although in the short run you may feel like you are saving money by not paying a commission; it may not always be that simple.  It might actually end up costing you even more in the long run.  Actually statistics show that selling your home with the assistance of a professional real estate agent will garner you a higher profit, enough to cover the commission as well as put more money in your pocket. According to the

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  • * Do continue making your mortgage or rent payments
  • * Do stay current on all existing accounts
  • * Do keep Working at your current employer
  • * DO continue to use your credit as normal
  • * DO call us if you have any questions
  • * DO NOT make a major purchase ( car, boat,fur, jewelry, etc)
  • * DO NOT apply for new credit ( even if you seem pre-approved)
  • * DO NOT transfer any balances from one accont to another
  • * DO NOT pay off charge offs or collections without a discussion with us first
  • * DO NOT buy any furniture
  • * DO NOT change bank accounts
  • * DO NOT max out or over charge on your credit card accounts
  • * DO NOT Start any home improvement projects
  • * DO NOT Finance any elective medical procedure
  • * DO NOT open a new cell
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McLean Mortgage  constantly gets asked “Can I have two VA Loans?” The answer varies depending on the situation. It depends on the amount of entitlement and the loan amount.

There are two types of entitlements – basic and the bonus entitlement. The basic VA entitlement is $36,000. Every eligible veteran also receives a “bonus” entitlement which is much more than the basic. The bonus entitlement kicks in for VA loan amounts over $144,000.00. Essentially the entitlements can be used for any loan amount without a cap. There is however, a limit on the amount the VA will guarantee. This is based off the VA county limits. If you’re county limit is $417,000 than the VA will only guarantee a loan for $417,000 and nothing more. Both entitlements can be used in

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