Riparian water rights are the rights that landowners have to make "exclusive use" or “reasonable use” of the water that abuts, or flows through or over their properties. Examples of riparian rights include the right to build structures like docks or piers, access to the water for the purposes of swimming or fishing, and the … Continue reading What are Riparian Rights in Maryland and Virginia Waterfront Property?
This article explains the four most common valuation methods used for real property transactions and how and when they are used. It’s important to note that the methods below are not necessarily mutually exclusive. Lenders, servicers, investors, and other professionals use one or more of these valuation methods, depending on circumstances and the type of … Continue reading CMAs, BPOs, AVMs and Appraisals Explained
Failure to prepare your home for the upcoming winter months can have dire consequences on your wallet, as well as pose a safety hazard for others. Even those in warmer climates will want to be careful this time of year: Everyone can benefit from an annual maintenance tune-up, and even in the South a winter … Continue reading Winter Maintenance Must-Dos
W.C. & A.N. Miller Realtors® succeeded as a division of its Washington, DC parent company. The Miller company was founded on integrity, professionalism, hard work and trust; values that never waver. We proudly carry on the heritage of W.C. & A.N. Miller Realtors (founded 1912) and Christie's International Real Estate (founded 1766), businesses long recognized … Continue reading Long & Foster, Wes Foster, and Warren Buffett
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median … Continue reading How Long Do Most Families Stay in Their Home?
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for … Continue reading Sellers: Your Home Must Be Sold TWICE
Washington D.C. Metro home prices set new all-time high of $460,000. May closed sales and new pending sales at decade highs; inventories continue to shrink by double-digits. Rockville, MD – (June 12, 2017) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by … Continue reading DC area prices reach highest monthly level on record in May
Where to look? What to rely on? How to keep current? I initiated this blog years ago because my Clients need and want trustworthy and informed resources on real estate matters. My clients also get prompt access directly to me to address important questions and issues they encounter and to prepare them for the transactional … Continue reading Online Real Estate Information Resources
In my regular email newsletter, there is a featured service where you can get the real story on your neighborhood -- or any neighborhood -- and see data about everything from schools to household income. Use the Neighborhood Widget to get all sorts of facts about your neighborhood or any neighborhood including schools, income levels … Continue reading All New Deep Data For Your Neighborhood
Ever wonder what happens every hour in the housing market?
A new year; time to start fresh. Have you thought about ways to redecorate your home? Here are five luxury home design trends to watch in 2017: 1. Cork Walls Say goodbye to your chalkboard wall. The chalk dust gets all over the place anyway. It's time for a cleaner, less assuming trend to invade … Continue reading Luxury Home Design Trends to Watch
For years and years, we dream of the home we'd like to call our own. Your first home is usually cozy and warm, and then you start to have kids. This is typically the first time that homeowners believe that upsizing is necessary. Although the traditional notion for homeowners is that bigger is better, in … Continue reading Signs It Might Be Time to Downsize
Now that fall has arrived, it’s time to turn your attention to your home. The changing of the season always acts as a call to action for fine-tuning your home, and the onset of fall is no different. Below, we’ll share with you 10 tips for getting your home ready for cooler weather. Check out … Continue reading Get Your Home Ready for Fall and Winter: Helpful Maintenance Tips
In the age of climate change running rampant, it is ludicrous to forgo protecting your property with flood insurance. Yeah, sure it's a nuisance when you are first purchasing a home; however, when a crisis strikes and a flood occurs, you won't have to stay up at night wondering how you are going to … Continue reading If You Think You Don’t Need Flood Insurance, Think Again!
The best technique for pricing a home when listing it for sale is setting the asking price just below a round number, according to recent research published by the Journal of Housing Research – an official publication of the American Real Estate Society (ARES). “These findings will help real estate brokers and sellers of homes … Continue reading Study Reveals Best Technique for Pricing a Home