Dear Friends, The real estate market is very attractive for homeowners right now. Housing inventory is down, prices are rising and, while mortgage rates remain low, they will likely grind higher through 2018. As you know, real estate is very similar to the stock market in that you’d like to “buy low and sell high”. … Continue reading Demand is Rising for Properties Like Yours!
Virginia
What are Riparian Rights in Maryland and Virginia Waterfront Property?
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?
CMAs, BPOs, AVMs and Appraisals Explained
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
Winter Maintenance Must-Dos
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
Long & Foster, Wes Foster, and Warren Buffett
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
How Long Do Most Families Stay in Their Home?
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?
Sellers: Your Home Must Be Sold TWICE
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
