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60% of Single-Family Renters Plan to Buy Within 5 Years
Renters of single-family homes are twenty-five percent more likely than apartment tenants to stay in their current homes fives years or longer, according to a new survey by Opinion Research Corporation. The finding suggests that “demand for single-family homes, the fastest growing rental category, will be more stable than multi-family demand,” according to the survey... Continue reading→
New Home Buying Tip
If you're thinking of buying a new construction, you probably already know that every new development will have its own sales staff. These people are often friendly, helpful and very knowledgeable about the new condominium or new house. However, the on-site sales people work to sell this property only. That means that the on-site staff... Continue reading→
8 Steps to Selling Your Home
Define your needs. Write down all the reasons for selling your home. Ask yourself, "Why do I want to sell and what do I expect to accomplish with the sale?" For example, a job opportunity in another city may necessitate a move or a growing family may prompt your need for a larger home. For... Continue reading→
Meet our Newest Agent At Nesbitt Realty!
Actually, he's still studying for his license, but we're darn proud of him anyway!
I want to look at houses before sitting down and talking about searching for homes.
Fairly recently the Commonwealth of Virginia implemented new laws requiring an agency relationship prior to showing homes. (Effective July 1st, 2012, the Commonwealth of Virginia required an agency agreement prior to showing homes to clients.) This can be frustrating to some folks who "just want to see houses". Once you've signed an agency agreement we... Continue reading→
Home Ownership Is Within More Americans’ Reach
Low interest rates helped keep housing affordability high in the final quarter of 2012, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released on Thursday. Nearly 75 percent of homes sold between October and the end of December were affordable to families earning the median income of $65,000. "The most recent... Continue reading→
Seller’s Market Developing in Much of the U.S.
Existing-home sales edged up in January, while a seller’s market is developing and home prices continue to rise steadily above year-ago levels, according to the National Association of REALTORS®. Sales rose in every region but the West, which is the region most constrained by limited inventory. Total existing-home sales, which are completed transactions that include single-family... Continue reading→
4 Big Short Sales Hang-ups
Short sales are increasing this year, and these transactions can take up to three times longer than a traditional transaction. A lot can go wrong in that timeframe. These are the most common delays, according to a recent article by George “Gee” Dunsten, a real estate broker and president of Gee Dunsten Seminars, at RISMedia.... Continue reading→
Condo Shortage on the Horizon?
According to Tom Meyer of Condo 1, "Arlington is a boom town. Just look at the cranes in Courthouse, Clarendon, Ballston. New office buildings, new rental projects, new restaurants and retail. BUT .... New condos? Nope!" Real estate data seems indicate that condo and home prices in Arlington are about to rise. Tom says, "We... Continue reading→
Buy Near the Friendly Rails
"Transit-oriented development" sounds like a solution to a variety of urban problems. If people could live and work within walking distance of a train or bus stop, people could save money on gas, people without cars could commute more easily, neighborhoods could reduce congestion and pollution, and economic growth could follow. Generally, it makes sense... Continue reading→