Supply and Demand in Washington DC (city, not region) – Our fall real estate market began at Labor Day. Looking back at the last six months, you can see that supply (the blue bar) has stayed under 2 months. What does this mean? If no new listings came on the market, this is how long it… Continue reading Looking Back at the Summer: Supply and Demand in DC
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Category: Residential
What is TRID and how does it affect you?
TILA-RESPA Integrated Disclosure | The US Consumer Financial Protection Bureau (CFPB) ordered an integration of the disclosures and regulations required by the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA). This is called TILA-RESPA Integrated Disclosure or TRID. Using the previous disclosures and adding the new requirements from the Dodd-Frank… Continue reading What is TRID and how does it affect you?
What is a short sale and how does it affect me?
Short Sale When you are searching for your new home, you will most likely come across some listings that are potential short sales. What does this mean and how will it affect you? A short sale occurs when the owners owe more money on the house than what they can sell it for. They… Continue reading What is a short sale and how does it affect me?
Want to Buy a House? Top 3 Things You Should Be Doing
In my last blog post, I wrote about 3 things you shouldn’t do if you want to buy a house. Today, I am telling you 3 things you should do! 1. Talk to a lender and get pre-approved for a mortgage. Whether or not you are a first-time homebuyer, you should talk to a lender… Continue reading Want to Buy a House? Top 3 Things You Should Be Doing
Buying Homes | Don’t Do These 3 Things
Buying Homes | So you are thinking about buying a house… That’s exciting! You are probably spending a lot of time looking a houses online and google-mapping your commute. But let’s talk about the top 3 things you shouldn’t be doing. 1. Don’t apply for a new credit card or start buying furniture and tools… Continue reading Buying Homes | Don’t Do These 3 Things