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Audrey Moore RECenter at Wakefield Park
Fairfax County has a number of RECenters throughout the county. One of these is the Audrey Moore RECenter at Wakefield Park. The park is located in Annandale just outside the Capitol Beltway. The center features swimming, fitness and racquetball facilities as well as other recreational activities such as crafts and dancing. The center is ADA... Continue reading→
10 Questions to Ask Before Buying Wood Floors
What color range do you want — light, medium, or dark? Do you want a floor with more natural character, or less? What board width do you want? Do you want engineered or solid-based floors, depending on your home’s conditions? How critical is length to you in reducing the overall number of seams? Do you... Continue reading→
Millennials Poised to Put Their Mark on Housing
Sixty-five percent of the millennial generation, ranging in age roughly from 18 to 34, say that their intention to purchase a house has significantly increased in the past year, according to a survey from PulteGroup. “As the economy continues to stabilize, more young adults will wean off of mom and dad and start to live... Continue reading→
Home Ownership Rate Drops to Lowest Point in 18 Years
The U.S. home ownership rate has fallen to its lowest point since 1995, the Census Bureau reports. The home ownership rate dropped to 65 percent in the first quarter, down slightly from 65.4 percent a year earlier. Housing analysts say tight credit conditions, constrained inventories of for-sale homes, and an increase in single-family rental homes... Continue reading→
5 Steps to Buying a Home
Step 1: Defining What You Want Start by creating a prioritized list of features you want in your home and the reasons why. Use it as your search guide, but remember that depending on your budget and funding, you will probably need to make some compromises. Your Nesbitt Realty real estate professional can you information... Continue reading→
What is the MLS?
Most people have heard of the MLS, but many are unclear as to exactly what it is. MLS stands for Multiple Listing Service. The Multiple Listing Service is probably your best tool as a home buyer and your best friend as a home seller. But what exactly is the MLS? The MLS is a database.... Continue reading→
Investors helped the market — but may be hurting its future
Real estate investors have helped the market recover. But for the long-term health of the market, maybe they should stop now. (To be clear: By “investors” I mean people and companies that buy single-family homes to turn them into rentals, not house-flippers.) Here’s what’s worth watching: When all those foreclosures went on the market at... Continue reading→
Short Sale: What Happens if The Lender Wants the Agent to Take a Paycut?
Sometimes a lender will try to pressure the agent/broker to take a commission cut in order to make a short-sale happen. Most usually this occurs at the 11th hour after all parties have invested a lot of time and effort making a deal happen. It's one thing to negotiate a lower fee before the work... Continue reading→
Realtors Code of Ethics
Code of Ethics and Standards of Practice of the NATIONAL ASSOCIATION OF REALTORS (R) Effective January 1, 2009 Duties to Clients and Customers Duties to the Public Duties to REALTORS(R) Where the word REALTORS(R) is used in this Code and Preamble, it shall be deemed to include REALTOR-ASSOCIATE(R)s. While the Code of Ethics establishes obligations... Continue reading→
Ramsay House
Scottish Merchant William Ramsay's built his now famous house in 1724. Many believe that the house was constructed in Dumfries but nearly 15 years later the structure was barged up the Potomac River to its present location on King St. in Old Town Alexandria. One reason for this belief is that the building was... Continue reading→