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Northern Virginia Homes for Sale can be easy to find but hard to afford
Northern Virginia Homes for Sale can be easy to find but hard to afford
Northern Virginia Homes for Sale can be easy to find but hard to afford
Northern Virginia Homes for Sale can be easy to find but hard to afford

Northern Virginia Homes for Sale can be easy to find but hard to afford

Homes located in Northern Virginia, specifically Arlington and Fairfax County, have seen a continual incremental inflationary push since the late nineteen sixties.   Three strategies that are best known to guarantee homeownership success are a stable career position with solid credit scores,  having five percent of the downpayment saved up, and a reliable real estate agent that has a relationship with a mortgage banker.

The Northern Virginia market is one of the strongest in the county due to regional growth from the information technology vertical industry and the Federal Government’s appetite for more powerful technology.  There are three intervals that this hard rule real estate growth had exceptions.  The 1991 Japanese Yen deflationary bubble, which has not seen a recovery.  The 2007 subprime mortgage industry collapse.  The third being the 2009 housing bubble crash which was a combination of predatory mortgage lending and mortgage-backed credit derivative.  The smoothing of these economic corrections was counter-weighted by the stability that Federal Government primarily located in Washington, D.C. provided to the surrounding counties.

One of the better advisors that advocates saving for a home is Dave Ramsey.  His approach can be draconian, but his raving fans do endorse his approach.  Even if your earning a million dollars a year, having a savings plan for purchasing your first home is important.  The significance and importance only becomes clear when surfacing one statistic, 82.5% of United States homeowners have their entire wealth tied up in their personal home.

 

LIST OF BLOGS

Keep Your Current Home as a Rental

Let's assume that you have owned your home for several years. It has increased in value and the unpaid balance considerably less than you originally borrowed. In short, you have equity in the home. You're thinking about buying another home and one of the questions...

Encouraging Multiple Offers

Based on the current competition due to lower than normal inventories, it is possible for a seller to find themselves on the beneficiary side of a multiple offers.  Two or more parties may be trying to buy your home at the same time and because of the competition,...

Cash-Out Refinance

With the rapid appreciation that homes have had in the last two years, most homeowners have equity. A common way to release part of the equity is to cash-out refinance but some homeowners may not be eligible currently. This type of loan replaces the current mortgage...

Encouraging Multiple Offers

Based on the current competition due to lower than normal inventories, it is possible for a seller to find themselves on the beneficiary side of a multiple offers. Two or more parties may be trying to buy your home at the same time and because of the competition, they...

Back to the Basics, What Homeowners Need to Know

    Back to the Basics, What Homeowners Need to Know In the Boy Scouts, a certification, called a Totin' Chip, is required for scouts to carry, and use woods tools like a knife, ax, and a saw.  They must read and understand the use and safety rules from the...

Homeowners Need to Know

In the Boy Scouts, a certification, called a Totin' Chip, is required for scouts to carry, and use woods tools like a knife, axe and a saw. They must read and understand the use and safety rules from the scout handbooks and demonstrate the proper handling, care, and...

No Need to Make Common Mistakes

A successful home sale, considered by many owners, is to maximize their proceeds in the shortest time with the least inconveniences. Just because it is a seller's market doesn't mean that homeowners can shortcut some of the steps that make it happen and they certainly...

A Lesson from a Pro

A well-known professional home stager, recently, decided to sell the 4,000+ square foot home which she lived in with her husband. It was certainly well maintained and by most standards, could have gone on the market immediately. However, she still went through a full...

Equity, Price and the Agent You Select

A Seller's equity in their home is the difference between what the home is worth and what they owe. At any point in time, it is an estimation because value is a very subjective term. If the seller thinks the home is worth more than an actual buyer will pay for it, the...

RECENT POSTS

Cash-Out Refinance

With the rapid appreciation that homes have had in the last two years, most homeowners have...

Homeowners Need to Know

In the Boy Scouts, a certification, called a Totin' Chip, is required for scouts to carry, and use...

A Lesson from a Pro

A well-known professional home stager, recently, decided to sell the 4,000+ square foot home which...

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