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Real Estate Blog

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: http://realnorthcoastliving.blogspot.com/2008/11/100-howard-hanna-money-back-guarantee.html).     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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Due to resurgence in urban living, more and more buyers are considering condos over single-family homes in recent years.  Condos tend to be located in urban areas, for example in downtown Norfolk and within walking distance of shops, restaurants and other places of high interest.  

In addition, some also have resort-like amenities, such as pools and fitness centers, which are often cost-prohibitive in a house. According to HGTV FrontDoor, people are now living busier lives, which make condos an attractive choice due to their convenience and low-maintenance lifestyle.  Being that association fees cover the exterior as well as the expensive components of the structure, maintenance is limited to the interior of the dwelling.

Many condos offer gated or

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Thinking about renting your home?      How many people actually read these agreements?   How many actually go through their agreements and explain the agreements?       Many property management agreements include a clause that the agency that the first right to list and sell your property if you choose to sell the property.   My suggestion is to cross that out!!    How do you know what type of job the property manager is going to do while they are managing your property unless you have previous experience with them.    You may have a great experience with them and decide to list your home with the agent when you decide to sell, but you could get locked into the agreement with the agency too.      Over the years, I have heard about this a…
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Based on predictions for 2014, the real estate market is headed not only in a positive direction but coming back strong. When buying a home it is critical to maximize your investment, while at the same time minimizing any surprises by calculating all risks.  However that doesn’t mean you shouldn’t follow your heart and your initial instincts... the ideal situation is when you can accomplish all of these.     Problems can arise when a buyer decides to accept too many compromises on the things that are most important to their needs.  For example... not enough bathrooms for the family, or too many amenities that do not increase the home’s value when you want to sell the house.  It is important to remember that your home’s current “live-in” value is…
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