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10 False Assumptions People Make About Real Estate Agents

Patricia Joy Schenk Real Estate Leave a Comment

Let’s face it, everyone either knows a real estate agent, or is connected to one through six (probably less) degrees of separation. Between friends and relatives, and the stereotypical representation of real estate agents on television and in pop culture, the general public has adopted some assumptions about agents that are very far from the truth. Here are ten things …

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Why Home Prices Are Increasing

Patricia Joy Schenk Buyer Tips , Real Estate , Seller Leave a Comment

Why Home Prices Are Increasing   There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when …

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Mortgage Rates

Patricia Joy Schenk Buyer Tips , Interest Rates , Move-Up Buyers , Seller Tips Leave a Comment

Mortgage Rates Have Begun to Level Off   Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from 3.95% in the first week of January …

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Selling? Should You Get a Home Inspection ?

Patricia Joy Schenk Seller , Seller Tips Leave a Comment

Are you planning to sell your home this year? When you’re in the preliminary stages of putting your house on the market, you need to decide whether or not you should get a home inspection. Because an inspection can have a number of advantages and disadvantages for both the buyer and the seller, the decision is up to you while …

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Buying A Home Is More Affordable Than Renting In 54% Of US Counties

Patricia Joy Schenk Buyer Tips Leave a Comment

According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.” For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported income amounts from the Department of Labor and Statistics to determine …

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What Impact Will the New Tax Code Have on Home Values?

Patricia Joy Schenk Real Estate Leave a Comment

Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. Below is a map, broken down by state, reflecting how home values are forecast to change by the end of 2018 using data from the most recent report.   As we can see, CoreLogic projects an increase in home values in …

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Thinking of Selling? Now is the Perfect Time

Patricia Joy Schenk Seller , Seller Tips Leave a Comment

It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring will represent increased competition to …

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Designing for Dollars

Patricia Joy Schenk Seller Tips Leave a Comment

  The photo above is of a sun room in a vacant home I sold. The sun room was originally full of an assortment of plants and not much more. We took most of the plants out of the room. They were strategically placed in other areas. We brought the outside patio furniture inside. There was a compelling reason for …

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Homes for Sale in Best High School Districts

Patricia Joy Schenk Real Estate Leave a Comment

Northern Virginia is known for it’s excellent public school system. It is not a surprise that many top schools in the nation are found in our area. The high schools chosen here were picked as best in 2017 by U.S. News and World Report. School boundaries change. Check with public schools to be sure boundaries are the same before purchase.