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Is buying short sale homes a good option for you?

May 11 by Marina Brito

I had to get my Mom's approval to get new rollerblades

I had to get my Mom’s approval to get new rollerblades

When I was young, I owned a pair of rollerskates. But a few months later, a new kind of rollerskates came to the market: the rollerblades.  Since I wanted a pair of rollerblades really badly, I convinced my mom that if I sold the old ones, I could buy the new ones (YAY!).

But, there was a caveat:  My mom had to pre-approve of the price that I sold the old rollerskates before I got rid of them (and I naively thought that I could get rid of them for a couple of bucks…).

Like selling my rollerskates, a home short sale is a sale that requires an approval Continue Reading…

Are Foreclosures in Fairfax, VA a good deal?

May 4 by Marina Brito

It’s like buying a new iPad on eBay.  eBay has pretty good deals, but when the demand is high, as it is the case with a new iPad, chances are, the “deal” won’t be much better than buying the iPad directly at the Apple store.  Sometimes, when demand is high for certain products, it’s hard to find a good deal.

When demand is high, prices are stable

When demand is high, prices are stable

Let’s see what brand-new iPads have to do with foreclosures in Fairfax County, VA: Continue Reading…

How Caveat Emptor affects you (or what does “buyer beware” mean in Virginia)?

April 10 by Marina Brito

Homes don't come with a Money Back Guarantee

Homes don't have guarantees

Caveat Emptor is a word translated from the Latin language which means “Buyer beware”.  In the past, the term Caveat Emptor was used for any product sold or bought where it was the responsibility of the buyer of an item to determine whether it was suitable for his purposes.  Nowadays, it is usually used in Real Estate transactions to mean that buyers must do their homework before buying a home because the seller is not guaranteeing anything about it. Continue Reading…

Equal Housing Opportunity & Finding a Home by School District

March 16 by Marina Brito

Rosa Parks Bus

Rosa Parks refused to give up her seat

In 1955, Rosa Parks broke the status quo and refused to give up her seat on the bus to make room for a white passenger.  Since then, many laws have been enacted to avoid discrimination of any person in the United States.

The Fair Housing Law

One such law is the Fair Housing Law of 1968 which aims to protect all people from discrimination based on their race, color, religion, sex, national origin, disability, or familial status.  These are called “protected classes” and they are the ones covered at the Federal level.  In addition, States and localities may add their own protected classes. Continue Reading…

3 Ways a Buyer Agent can save you from losing money

October 19 by Marina Brito

A buyer agent can save you money

A good buyer agent can protect you from losing money

Last year, Sam and Pam were in the market for buying a house up to $500,000.  They were ecstatic to have found a detached home listed at $475,000.

Since they found the home themselves, they figured that they didn’t need a Buyer Agent and could make an offer directly to the Listing Agent (who represented the seller) for $450,000.

At $450,000, they thought it would be a good deal to buy the house for 5% off what they considered to be market price for it.

But, could they have gotten a better deal if they had hired a Buyer Agent?  Let’s find out… Continue Reading…

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