Mortgage Approval Rules

If you have applied and been approved for a loan to purchase a house, there are 10 things you must NOT DO prior to settlement or you will jeopardize getting your loan finalized! #1) Thou shalt NOT change jobs, become self-employed or quit your job. The reason that this is so important is if you…

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Bethesda Market Update November 2012

The local Bethesda real estate market in November 2012 continues to heat up as extremely low inventory is driving prices higher.  As this Bethesda real estate market trends report shows,  the total sales were up 10% in November 2012 versus November 2011 with the median sales price up 14%.  In Chevy Chase, the total #…

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Hazards of Fallen Trees

The recent storms throughout Bethesda, Chevy Chase, Potomac and the Washington DC metro area forced us to fret about the hazards of falling trees among many other concerns that now haunt homeowners. My own experience was pretty scary when this huge tree fell in our front yard. This photo shows me in front of the…

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Short Sale Reality Check

  There are very few short sales in the Washington DC and  Bethesda real estate market compared to other parts of the US but they do come along on occasion.  However, in the coming year, the market is expected to see increased short sale listings throughout the country.  In 2011, short sales were in short…

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The Path to Homeownership

For anyone who is considering the purchase of one of our wonderful homes for sale in Bethesda or anywhere else in the US, and even those  of you who own but have not bought a home recently … it can be somewhat to very overwhelming trying to understand the entire process. The answers to questions about…

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It’s a Fact .. the Market IS Recovering

How is the Bethesda real estate market and surrounding areas currently doing?  Just ask some of the leading economists about the current state of the real estate market and where it is heading.  According to the National Association of Realtors (NAR) Existing Sales Report released last week. sales were down 2.6% from the previous month. However, the…

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Local Spring Market Springs Back

The Bethesda real estate market is in full swing this Spring and homes are selling fast and furious in many areas.    More and more experts are weighing in with positive projections about the national real estate market for 2012.   Our local area continues to outpace the nation and median prices are starting to…

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Interest Rate Projections

Low Interest Rates Drive Affordability

March 24, 2012 – When considering a possible sale or purchase of Bethesda real estate, or anywhere for that matter … one of the most critical factors of course is the amount of interest that will be charged on the loan.  You may have noticed in some recent headlines that mortgage rates may be embarking…

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Bethesda Housing Affordability Trends

Bethesda, MD – Is Residential Housing Ready to Awaken? This article presents many layers and perspectives on the impending rebound of housing with many variables weighing on the recovery nationally and locally … from the employment outlook to next year’s election outcome, possible cuts in Federal and defense budgets, stable vs rising interest rates and…

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Time to Buy Real Estate?

Locally, we are coming off the most active August in 4 years (read article) where home sales finished with the highest number of signed contracts in four years.   Buyers are getting less reticent about getting back into the market.   A fascinating set of statistics was just released showing that an investment in real…

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