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5
Transparency is the Best Approach When Handling Real Estate Commission in Northern Virginia
What is the Consumer Objective When Hiring an Agent?
The consumer objective is to procure an agent who provides a compelling value proposition. One who has the requisite skill and experience to achieve the consumer's desired outcome while producing the highest qualitative and quantitative benefits. Qualitative benefit is derived from elements like protecting a client's best interests and providing superior customer service. In the case of a seller, quantitative benefit includes selling at top dollar, in the fewest days possible and negotiating low contingency risk. Essentially, the consumer objective is to procure the agent who achieves optimal...
28
What Options are Available to Buyers When Cancelling a Home Purchase Contract in Virginia?
Real Estate is a Business of Contracts
Contracts are serious, complex, legal documents and that's no different when buying or selling a home. In fact, buyers and sellers will be confronted with over 100 legal documents during the process of a typical home purchase and settlement. Exceptional agents have a thorough knowledge of the contracts and know how to write them and manage the process in a manner that protects their client's best interests, money and possible legal complications.
Caveat Emptor = Buyer Beware
Virginia is one of a few states in the U.S. still operating under the common law concept of Caveat Emptor, meaning "Let The B...
7
Buying a Home in Northern Virginia Has Many Advantages Over Renting
Tired of being a renter and getting what seems like a less than ideal living situation than you'd like? If you've ever thought of becoming a homeowner, now might be the time to start thinking seriously about the advantages of buying a home instead of renting. Interest rates are again at all-time lows pushing mortgage rates lower. Lenders have flexible programs for all types of $0 to low down payment scenarios. There are even programs for credit scores below 600. You might be surprised by what you stand to gain when you put your hard-earned money to work for your future.
25
Is the Northern Virginia Housing Market Signaling a Bubble? Context Means Everything.
Majority of Home Sellers & Buyers Worry About a Housing Bubble & Price Crash
Naturally, home sellers and buyers are often concerned about home prices. It's an asset class they either own or are considering owning. This concern becomes even greater when the impacts of the Great Recession and 2008 housing collapse are still visible in the rearview mirror for so many people. In 2017, ValueInsured surveyed 1,079 adults and 58% agreed there would be a "housing bubble and price correction" in the next two years (sometime in 2018-19). That was up 46% from the previous survey. Meanwhile, 83% of respondents believed it was a good time to...
28
Zillow's Zestimate Is Frequently Wrong in Northern Virginia; Unhelpful to Buyers, Sellers & Renters
Zillow's Inaccuracy Frustrates Consumers & Company CEO
So much so that Zillow has been accused of misleading and irresponsible home price estimates that have hurt both home buyers and sellers. Certain complaints have risen to the level of class-action lawsuits filed against Zillow in federal court. These court briefs outline that Zillow's Zestimates are consistently inaccurate by anywhere from 6% to 50%. In fact, in 2017 Zillow's CEO, Spencer Rascoff, sold his home in Seattle's Madison Park neighborhood for $1.05 million - 40% below his own Zillow Zestimate of $1.75 million. A 40% delta is...
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