Renting vs. Buying: The Net Worth Gap You Need To See Trying to decide between renting or buying a home? One key factor that could help you choose is just how much homeownership can grow your net worth. Every three years, the Federal Reserve Board shares a report called the Survey of Consumer Finances (SCF). ...
Continue ReadingWhy Home Sales Bounce Back After Presidential Elections With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down. Election Years Bring a Temporary Slowdown In any given year, home sales slow down slightly in the ...
Continue ReadingWhat To Expect from Mortgage Rates and Home Prices in 2025 Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices. Whether you’re thinking ...
Continue ReadingUPDATE: Pending as of September 20,2024 Welcome to this beautiful home in the Countryside community. The kitchen and all bathrooms have been gorgeously remodeled and you will love this corner lot with its mature landscaping and inviting curb appeal. As you step inside, you are greeted with a remarkable entryway ...
Continue ReadingNavigating the Shifts in the Northern Virginia Housing Market: A Move Toward Balance The Northern Virginia housing market, once characterized by feverish activity and soaring prices, is undergoing a notable transformation. As we move further into 2024, the dynamics of buying and selling homes in this region are shifting from ...
Continue ReadingUnderstanding the Changes to Real Estate Commissions To help explain these new changes, let’s first look at how commissions were paid before August 17, 2024. Before August 17, 2024 When a seller wanted to list their home, they would sign a Listing Agreement with their agent, agreeing to pay a ...
Continue ReadingWhen it comes to home updates that provide the best return on investment (ROI), certain projects tend to add more value than others. Here are some of the top updates: 1. Minor Kitchen Remodel: – ROI: ~70-80% – Details: Updating cabinets (refacing or painting), replacing countertops (quartz or granite), installing ...
Continue ReadingWhen buyers are considering purchasing a home, they typically prioritize certain aspects of the home’s condition. The home does not have to be perfect, but in order to get top dollar for your home, you want it to be in the best condition possible to attract the best offers. ...
Continue ReadingUpdate: This home is now pending as of June 21, 2024. We had over 13 showings the first day on the market and the sellers received a strong, clean offer that they could not refuse. Ready to show on Friday, June 21. Listed for $515,000. You will love this move-in ...
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