Market News

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 …

What is your first step to buying a home? It is not recommended you just start looking at homes for sale until you know what you can afford, and certainly do not make an offer on a home without being preapproved for a loan. Experian.com says, “Prequalified is when you [the consumer] agree to provide your credit information to a …

Are you planning on listing your home? Here are 10 things you should do. 1. Remove odor Be sure your home doesn’t smell. Oh, and don’t think you can cover it with air freshener. Clean the litter box daily, smoke outside and clean! 2. Clean  There is no such thing as a home that is too clean. Dust, polish, shine …

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 …

Your real estate agent will help you decide how much to list your home for if you are the seller and how much to offer for a house if you are the buyer. This may depend on the market conditions, and the age of the home along with other factors. Sellers usually expect to negotiate their asking price. Buyers may …

Spring is a great time to sell your home. Whether the market is up or down, spring has a high volume of real estate transactions – every year, in every area of the U.S. – except for June! June doubles every other month of the year for real estate transactions. It’s probably because students are out of school and the …

Are you planning to put your house on the market? Here is a look at the costs of selling a home. Realtor fee The seller will pay their Realtor a listing commission or brokerage fee. This is discussed when listing the house and may vary with different agents and/ or brokers. Most listing Realtors pay a percentage of that fee …

What if your home had to sell itself? If you couldn’t say a word, what impression would it make? Would people fall in love with it? You want potential buyers to say, “This is a really nice house”. According to 83% of buyers’ agents, staging a home makes it easier for a buyer to visualize the property as a future …

Fair Housing Month is recognized each April by the Association of Realtors to commemorate the landmark 1968 Fair Housing Act, which established a law prohibiting discrimination in housing. Housing discrimination in the United States refers to the historical and current barriers, policies, and biases that prevent equitable access to housing. Housing discrimination became more pronounced after the abolition of slavery, …

Nationwide, only 2% of homes are sold by homeowners and 98% are sold by Realtors. Wouldn’t you want to choose to have the 98% advantage? The typical for sale by owner home sold for $217,900 compared to $295,000 for agent-assisted home sales. On average, homeowners sell their property for 21% less than the price a Realtor could obtain. Trying to …