Should I Use an Escalation Addendum in a Seller’s Market?

I am a licensed realtor in Virginia, so the subject matter presented here applies to Virginia only. It may or may not apply to your state, as contracts and addenda are state-specific. The opinions presented here are my own. Please consult your realtor for your specific situation. Today, I’ll be answering the question, “Should I … Read more

Should I Waive a Home Inspection in a Seller’s Market?

I am a licensed realtor in Virginia, so the subject matter presented here applies to Virginia only. It may or may not apply to your state, as contracts and addenda are state-specific. The opinions presented here are my own. Please consult your realtor for your specific situation. Should I waive a home inspection in a … Read more

Goal Progess: Update #58, December 2020 and Year-End Totals

It’s been 58 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 58th update on the progress of the goal. If you’re wondering why we set this goal, click here. I need to change this intro. Note to self: … Read more

Goal Progress: Update #57, November 2020

It’s been 57 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 57th update on the progress of the goal. If you’re wondering why we set this goal, click here. It was another busy month in real estate. I … Read more

Goal Progress: Update #54, August 2020

Net worth update #54

It’s been 54 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 54th update on the progress of the goal. If you’re wondering why we set this goal, click here. The past month has been a blur. Work, kids, … Read more

Tips for Buying a House in a Seller’s Market

real estate

It’s a strong seller’s market here in northern Virginia. The supply is low, and interest rates are also at historic lows, with rates hovering around 2.5% on a 30-yr fixed. With demand for houses being so high, bidding wars and multiple offer situations are much more common these days. Related Post: Homebuying 101: A Quick … Read more

How Long Does It Take to Close on a House?

You’ve made an offer on a house, and it’s been accepted. Congratulations! You are now “under contract” to purchase a house. But when can get you get the keys and actually move in? In other words, “How long does it take to close on a house?” According to realtor.com, a recent study found it now … Read more

Dave Ramsey’s Guidelines for Buying a House

LiveFrugaLee Dave Ramsey Buying House

Thinking about buying a house or already own one? See if you meet Dave’s guidelines for buying. If you don’t know who Dave Ramsey is, you can read a little more about him here. His book The Total Money Makeover drastically changed my financial life and shaped how I view and handle my personal finances today. Related: Where … Read more

Is it Cheaper to Rent or Buy?

Is it Cheaper to Rent or Buy?

This is a guest post by Jennifer Riner. Jen Riner is a real estate marketing professional whose work has been featured on Hot Pads, Forbes, Inman News, and more. After four years of steady annual increases, rent prices decelerated in the last year. Although tenants across the nation can breathe a collective sigh of relief in … Read more