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
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
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
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
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
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
“Oh, I’ll never buy a condo! Condo fees are such a waste of money!” In my four years as a licensed realtor in Virginia, I’ve heard this many, many times from both friends and clients. Many people rule out condos from their search because they say condo fees are like throwing money away. I agree … Read more
Homes have been flying off the market because the supply is so low and buyers greatly outnumber sellers in most markets. Many people are jumping into the market in hopes of becoming a homeowner before mortgage rates rise. Let’s say rates do rise a full 1 percent by the end of the year. How much … Read more
Buying a home can be a daunting process. For first-time homebuyers, buying a home is typically the biggest financial decision they have ever made. My goal for this post is to provide a brief but clear picture of the homebuying process. I am a licensed realtor in Virginia. Some steps may be slightly different in other … Read more
