Understanding Closing Costs


You can generally break down all closing costs into two basic groups: Amounts paid to state and local governments. These include city, county and state transfer taxes, recordation fees, and prepaid property taxes. Costs of obtaining a loan or mortgage. These fees include title insurance, appraisals, credit checks, loan origination and documentation fees, commitment and processing fees, hazard and mortgage insurance and interest prepayments. There are plenty of fees that you’ll have to pay during the closing. Many of these costs are … [Read more...]

Showing Tips for Your Home

A sale sign advertises a home in Alexandria, Virginia

Once you have decided to put your home on the market, try to view it from a buyer’s prospective. Here are six helpful steps to give you home a winning look: Keep it clean. A good cleaning and fresh paint create the impression that your home has been well-cared for. Keep it uncluttered. It will be neater and look larger. You want to convey a spacious feeling. Keep it repaired. Fix it before the buyer inquires about it; the need for repairs can affect a potential sale. Keep it neutral. Eliminate distracting colors and personal … [Read more...]

16 Mistakes That Sellers Make When Listing Their Home

price reduced

When the market favors buyers, as it does today, it is important to do everything possible to avoid the common mistakes which often lead to homes sitting on the market. Without question price is the most important aspect of getting your home sold, and the most common mistake that sellers make. Here is a list of common mistakes and how best to avoid them. Pricing Your Home Too High Solution: Price is almost everything! We are area experts and can research comparable sales in your area and advise you of the appropriate price range of your … [Read more...]

How to Look for Foreclosures


With all the news regarding sub prime lending and an ever increasing number of foreclosures and auctions, it's good to understand what foreclosures are, the reality of buying a home, and how to go about trying to accomplish it. Please read through our foreclosure information pages to get some valuable information. What is a Foreclosure? Foreclosure is the legal proceeding in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) due to the owner's failure to comply with an agreement … [Read more...]

20 Reasons Why All Real Estate Titles Should Be Insured


20 reasons to get title insurance: A fire destroys only the house and improvements. The ground is left. A defective title may take away not only the house but the land on which it stands. Title insurance protects you against such loss. A deed or a mortgage on the chain of title may be a forgery. A deed or a mortgage may have been signed by a person under age. A deed or a mortgage may have been made by an insane person or one otherwise not competent. A deed or a mortgage may have been made under a power of attorney after the death of … [Read more...]