It’s August 2020 in Northern Virginia, DC and Maryland suburbs – listings are moving up, buyers have not stopped their search for a good property, and mortgage interest rates are the lowest in recorded tracking history! So how’s the market? The short of it is the Northern Virginia Real Estate Market during COVID SHRANK — … Continued
Tired of the Starbucks, Peets and Dunkins of the world? Drink your java local by clicking the coffee image map below to go to my Google map of local or little known coffee shops and roasters in Arlington, Alexandria, Falls Church, Fairfax, Loudoun and Prince William counties. Many of these folks not only serve local … Continued
(DISCLOSURE: I am not an attorney nor accountant – neither have I ever played one on TV; for ironclad advice on this topic, contact an attorney or accountant in good standing or at least one who is not serving time in jail!) Did you just receive real estate through a divorce proceeding or inherited the … Continued
Talking about buying anything except food and supplies is a hard question to ask when there’s an outbreak like this Coronavirus Pandemic. However, in the Northern Virginia real estate market, the quarantine for Virginians (and even Maryland and DC residents), has created an, albeit awkward, opportunity. The first thing is the interest rate levels for … Continued
Has the coronavirus become the biggest disruptor in the real estate market of Northern Virginia? Not necessarily. I watch the market very carefully, and while we are definitely seeing a drop in the number of contracts being written in Northern Virginia for homes on the market – the number of houses coming onto the market … Continued
Q: I am currently in escrow on a house. We had the inspection done yesterday. There are a few major concerns of which we were unaware. The largest is a faulty shower pan, which has been leaking for several years and has caused substantial damage to the sub-flooring. What is the best way to handle … Continued
The FIRST STEP to purchasing a house is NOT to download all the home search apps you can find onto your smartphone and then start swiping through homes. JUST STOP IT! The first step is to actually find out what price range you should be looking for. To borrow a phrase, “What’s in your wallet?” … Continued
I regularly get asked, “How’s the market?” From a Realtor’s point of view, it’s ALWAYS a good market! It just depends on what YOU want to do – buy, sell or invest? In today’s market, it’s actually good for all three classes of clients. Sellers are benefiting from increased home prices; buyers are enjoying some … Continued
For young families, finding and buying the right house can be more complicated and all-around more difficult than it is for, say, a single person or a retired couple. A young couple has to consider not only their own needs and wants, but also the needs of the children they have are going to have. … Continued
When I’m looking at a market to see if it’s leaning toward buyers, sellers — or neither — I look to the absorption rate. This means how long would it take to deplete the inventory at the rate that homes have gone under contract in the last 30 days. (Huh?) Here’s my simple equation — … Continued
Anthony Carr Associates