Selling a Northern Virginia Home? Improve The Appearance Of Your Home’s Bathrooms.

Full-scale bathroom remodeling can be expensive and, in today's Northern Virginia housing market, you won't likely get all of the money back that you put into it at the time of sale. Knowing that bathroom projects tend to have a low return on investment, therefore, here are a few inexpensive changes which you can make to spruce up bathrooms in a home for sale. Fixtures Most sellers will notice if the fixtures in a bathroom are old, and it can have a negative effect on their view of your home. Buy a new set of bathroom fixtures at a home improvement store. Most stores have matching … [Read more...]

Help Your Northern Virginia Pets Adjust To Your New Home

Moving to a new home can be a difficult transition for everyone in the family, including the furry, four-legged members. Dogs and cats develop a strong bond with their environment so when they are relocated from their territory it can cause them stress. Here are some tips to ease your pets' transition to a new Northern Virginia home : Keep Your Mood Calm Pets are very tuned-in to your emotions and will sense your mood. If you are stressed throughout the moving process, your cat or dog will pick up on this and it will make him anxious. Try to remain calm and give your pet plenty of … [Read more...]

What To Do When Your Arlington Home Doesn’t Appraise At Its Purchase Price

Arlington home sellers know that reaching a sales agreement with a potential buyer can be just the start of the negotiation process. There are often inspection issues to resolve, among other items. One particular negotiation point which can present difficulties for both buyers and sellers is when a home's appraised value falls short of its contracted sales price. Sometimes, this happens because the home's price was inflated. Other times, it's the result of a faulty appraisal. As an Arlington home seller, there are some common appraisal problems of which you should be aware. Here are … [Read more...]

How To Install A Water Heater Jacket

A simple way to save money is to improve your home's energy efficiency rating.  For example, Falls Church homeowners can save up to 9 percent per year on water heating costs simply by installing a water heater jacket. Water heater jackets are easy to install. Here's how you do it : First, before you go shopping, check whether your water heater is a gas model, or an electric one. Then, write down your water heater model number. Most water heater jackets list compatible water heater models on their respective packaging. Look for jackets with a value of "R-8". Then, as you start your … [Read more...]

3 Ways To Purchase Foreclosed Properties

The process of buying a foreclosed home is slightly different from the process of buying a non-foreclosure home.  If you want to invest in Falls Church foreclosures, therefore, it is important to understand the different ways by which to purchase a foreclosed home. There are three main ways to buy a foreclosed home. Buying before the auction Some delinquent homeowners may want to sell their homes before facing an actual foreclosure.In this instance, the homeowner, in agreement with the lender, agrees to sell the home for less than the amount owed on the mortgage.This is called a short … [Read more...]

Pending Home Sales Index Leaps To Multi-Year High

Homes were sold at a furious pace last month. According the National Association of REALTORS® (NAR), the Pending Home Sales Index rose 5.2 percent in October, crossing the benchmark 100 reading, and moving to 104.8. It's a 5-point improvement from September's revised figure and the highest reading April 2010 -- the last month of that year's federal home buyer tax credit. October also marks the 18th consecutive month during which the index showed year-to-year gains. As a housing market metric, the Pending Home Sales Index (PHSI) differs from most commonly-cited housing statistics … [Read more...]

Which Is Better : 15-Year Fixed Rate Mortgage Or 30-Year Fixed Rate Mortgage?

  As a home buyer or refinancing household in Arlington , you have choices with respect to your mortgage. You can choose a loan with accompanying discount points in exchange for lower mortgage rates; you can choose adjustable-rate loans over fixed rate ones; and, you can choose loans with principal + interest repayment schedules or repayments which are interest only, as examples. For borrowers using fixed rate loans, there's also the choice between the 30-year and 15-year fixed rate mortgage. Each has its positives and negatives and neither is "better" than the other. Choosing … [Read more...]

What's Ahead For Mortgage Rates This Week : October 22, 2012

Mortgage markets worsened last week as hope for a European economic rebound and stronger-than-expected U.S. economic data moved investors out of mortgage-backed bonds. Mortgage rates all of types -- conventional, FHA and VA -- lost ground last week, harming home affordability in Arlington and reducing purchasing power nationwide. Rising rates also thwarted would-be refinancing households hoping to time a market bottom. The increase runs counter to Freddie Mac's weekly Primary Mortgage Market Survey which showed the average 30-year fixed rate mortgage rate dropping 2 basis points to … [Read more...]

Existing Home Sales Move Higher In October

After a small decline in September, Existing Home Sales rebounded in October, increasing a modest 2.1%. The housing market's slow, steady recovery continues as sales volume in all four regions expanded last month with the exception of the Hurricane Sandy-affected Northeast. The National Association of REALTORS® monthly Existing Home Sales Report comprises completed sales of single-family homes, townhomes, condominiums, and co-ops. The Existing Home Sales report is compiled on a seasonally-adjusted, annualized basis. It shows a 10.9 percent sales increase as compared last year. Sales … [Read more...]

Homebuilder Confidence Spikes To 6-Year High

The National Association of Home Builders (NAHB) released its Housing Market Index (HMI) Tuesday, which showed sharp, 5-point increase to 46 for November 2012, marking the seventh consecutive monthly gain for the HMI, and lifting the index to its highest point since May 2006. Readings under 50 indicate unfavorable housing conditions for builders. Readings over 50 signal "good" conditions. The Housing Market Index is a measure of builder confidence, published monthly, based on a survey sent to NAHB members which asks them to rate housing market conditions. In November, home builders … [Read more...]