Archive for the ‘Real Estate Ramblings’ Category:

Relocation is always stressful. It doesn’t matter how many times you’ve made a move the minute you get the word to pack your bags you need to learn the “language” of a new area. In Northern Virginia part of that new language is deciphering the difference between our cities and our counties. Northern Virginia has ... [Continue Reading]
Are You An “Innie” or an “Outie”?
No, this isn’t a personal question about your belly button. Buyers moving to Northern Virginia often see the phrase “inside” or “outside” the beltway in MLS descriptions and wonder where are these locations on the map. For those who have lived in the Northern Virginia most of our lives we have watched “outside” the beltway ... [Continue Reading]
Market Reports-What Do They Mean?
Last month in the post Market Reports Are Not The Value of Your Home, I suggested to Northern Virginia home sellers that the “average” price in your neighborhood may not be reflective of your home value. As Paul Harvey used to say…now for the rest of the story. For example this chart shows how one ... [Continue Reading]
MLS Photos-What’s Up With the Toliet Photos?
There are websites dedicated to finding a exposing “bad MLS photos.”  This isn’t one of them.  However I do wonder why so many listings in the Northern Virginia MLS have photos of toilets.  Just the toilet.  Toilets with the lids up no less. This photo won’t end up in one of my listings.   Now if ... [Continue Reading]
Another Proposal to Streamline Short Sales
Two members of the US House of Representatives, Reps. Robert Andrews (D-New Jersey) and Tom Rooney (R-Florida), have sponsored a bill called “Prompt Decision for Qualification of Short Sale Act of 2010″ (H.R. 6133). The basics of the bill would require lenders to make a YES or NO decision on short sales within 45 days ... [Continue Reading]
According to news reports the recession is over. Somehow a flashback to Kool and The Gang popped into my head. Of course if you ask most people who are struggling to make ends meet in today’s economy they might disagree with the economists reports. We are fortunate in the DC Metro area to have low ... [Continue Reading]
Short Sale “Flopping” Lenders Have A New Tool
It was reported this week that CoreLogic a mortgage data aggregator has lanched a new program to help lenders find potential short sale property flops.  The program is designed to alert the mortgage lender when more than one person has applied for a loan on the same property. In a post written last fall Welcome ... [Continue Reading]
HUD Short REFI-Will it Help NOVA Homeowners?
Before you run to your current lender and say make mine a Short REFI (refinance) take a deep breath.  One thing in this plan that could stop you in your tracks is the 97.75% loan to value ratio required.  For many Northern Virginia owners, especially those who purchased from 2004 to 2008 unless you made ... [Continue Reading]
If you haven’t seen this video about the IndyMac Bailout by the FDIC in June 2008 then take a look. As an agent who works with short sales (representing both buyers & sellers) I understand the frustration that comes with the lack of responsiveness to offers and the often ridiculous counter-offers that arrive from the ... [Continue Reading]
Spelunking-Its Not Just for Exploring Caves Anymore
Back in my college days I used to do a little spelunking. Not serious enough to need loads of equipment but I did have a head lamp and developed an appreciation for how dark caves can be. We won’t talk about bats and other creatures that also enjoyed being in the caves. Suffice it to ... [Continue Reading]


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