Are ARMs (adjustable-rate mortgages) worth the risk? First, let’s take a look at how ARMs work. Then, we’ll take a look at the numbers. What is an ARM (adjustable-rate mortgage)? I’ll go over what I consider the important things to know about ARMs. If you want all the details, here’s a great resource. With an … Read more
This meme about interest rates has been circulating around social media, at least among my real estate contacts. Don’t believe everything you see on the internet. Let’s do some analysis and see if there’s any truth to this meme. It suggests that paying a 7% interest rate at $30k under list price is better than … Read more
Going through a real estate transaction can be a roller coaster of emotions. Sometimes, as a buyer, you may feel the urge to back out of a contract. It is most common to feel some form of buyer’s remorse right after you ratify a contract. It’s good to know what your options are BEFORE you … Read more
If you’re a new agent, here are some tips to help you get started in real estate. I’ll continue to revise this list as I learn more about what new agents need. Find a good mentor. This is not a business where passing tests or getting good grades will determine your success. Ask someone who is … Read more
Real estate is a tough business to get into. I never planned to turn it into a career. Back in 2013, my friend/roommate and I decided to get our real estate licenses together for fun. What was a hobby for 5-6 years had now turned into a fulfilling and rewarding business and career. One of … Read more
I am a licensed realtor in Virginia, so the subject matter presented here applies to Virginia only. It may or may not apply to your state, as contracts and addenda are state-specific. The opinions presented here are my own. Please consult your realtor for your specific situation. Should I waive a home inspection in a … Read more