Explaining the designations after Realtors’ names

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Many Realtors have letters after their name. They are called designations and each one is earned through education and experience. Realtors get designations to demonstrate they’ve acquired considerable knowledge about certain niche areas, such as representing buyers and sellers, commercial real estate, running a brokerage and running real estate teams. GRI: GRI stands for Graduate of Realtor Institute. It is …

Check with Realtor for advice on home warranty plans

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Home warranty plans can save you time, energy and money in repairs. It can be a great way to minimize risks whether buying or selling your home. Some Realtors have used and recommended home warranty plans over the years for their clients, yet other Realtors don’t. Ask your Realtor for advice. Every home and client are different, so home warranty …

Flipping

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A lot of money has been made improving homes and selling them at a much higher price. You can’t just paint, carpet and plant some bushes and expect to make a 20% profit. Here are four things you should be ready for before “flipping’ a house. 1. Expert help.¬†The assistance of an experienced, educated Realtor is a must so you …

What a great scenario

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John decided it was cheaper to buy than rent and he wanted to make a good investment. He asked his friends and associates about a Realtor and after talking to a couple agents, he chose one to represent him. His Realtor referred him to a lender who preapproved him and recommended the right loan. After figuring out what he could …

Homebuyers facing stiff competition, price increases

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Home prices have hit record highs in many parts of Virginia, and many homebuyers face stiff competition and significant price escalation. It is easy for a homebuyer to get caught up in the “FOMO” (fear of missing out) and wind up in a bidding war they did not expect. Homebuyers should be cautioned about pushing the limits of what they …

Asian population growing part of Va. real estate market

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May is Asian American and Pacific Islander Heritage Month, when we recognize the contributions and influence of Asian Americans and Pacific Islander Americans. The Asian Americans and Pacific Islander population is an important and growing part of the real estate market in Virginia. There are more than 700,000 Virginians who are Asian or Pacific Islander, including those who are Asian …