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Archive for the ‘News Letter’ Category.
It’s free, it’s fun, it opens doors to other life styles, it provides new ideas, and it explores new neighborhoods. Estate sales offer a means to fill a lackluster Saturday and/or Sunday. They normally run from Friday through Sunday and are posted in the classified section of your metropolitan newspaper. Need some pictures, a unique antique, different or additional seating or just new ideas, then schedule the time to hit two or three estate sales in a day.
There are two types of "points" you can encounter in a real estate transaction.
One type of point is found in the origination fee and the other is a discount point. You may incur one of them, both of them or neither. Whether or not you do, depends on your loan, the lender, and your credit worthiness (that is, how risky is it for the lender to let you borrow money and expect full repayment).
The first type of point is simply a revenue source for the lender (and a cost of doing business for the borrower). It is collected at settlement as part of your closing costs.
The driving market forces affecting residential pricing are complexly simple: supply vs. demand with a heaping helping of distressed sales in many markets (foreclosed properties and short sales – what’s a securities holder to do) muddled with middle class inertia. Got it? Good.
The current northern Virginia market (Caroline County to DC) has been rather stable at the bottom half of the home pricing spectrum during the prior six months.