Some Facts about a Reverse Mortgage

Staying in your home in the DC metro area is expensive as you start to age.  When you retire, your income typically falls off but the expenses of owning a home do not.  You might be considering a reverse mortgage as a way to make that equity in your home work for you instead of … Continued

Do Rising Rates Impact Home Values?

Face it. Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many who follow the Fed are projecting that rates could increase to 5% by the end of the year.  Do rising rates impact home values? How do rising rates impact values? Many quickly jump to the conclusion … Continued

Which Remodeling Projects Give the Best Return on Investment?

A strong housing market isn’t necessarily all good news for sellers. As evidenced by Remodeling magazine’s newly-released Cost vs. Value Report for 2018, average return on investment (ROI) for remodeling projects dipped across the board, with “upscale” projects taking the biggest hit. The report, which measures the average cost of 21 popular remodeling projects and their average resale … Continued

Bankruptcies and Foreclosures Remain on Your Credit Report – But Not Forever

Bankruptcies and Foreclosures Remain on Your Credit Score

Bankruptcies and Foreclosures Remain on Your Credit Score typically for seven to 10 years.  After bankruptcy or foreclosure, your credit score may drop more than 200 points. However, a borrower who works hard to reestablish good credit may be viewed more kindly the lender. In addition, the circumstances surrounding the bankruptcy may also influence a lender’s … Continued

How to Present the Best Offer on Your Dream Home!

How to Present the Best Offer on Your Dream Home Here is how to present the best offer on your dream home! You decide to make an offer on the home you love and you want it accepted, or at least you want to reach agreement with the seller after some negotiations.  You go into … Continued

Ten Reasons to Buy Title Insurance

Have you ever wondered why you need to buy title insurance? Your home may be new to you, but every property has a history – even new construction. A thorough title search can help uncover any title defects tied to your property. And, subject to the terms of the policy, your title insurance provides protection … Continued

Paint Color of the Year 2018

Is gray finally on the way out? In 2016, Simply White and Alabaster White were the hue of the moment. Then in 2017, we saw a shift to darker neutrals, like Benjamin Moore’s Shadow, Poised Taupe and Mushroom. So what is the paint color of the year 2018? The color of the year differs from company to company but at least three big companies, … Continued

New Year’s Resolutions for Home Improvement

January is almost over! How are you doing with your New Year’s resolutions.  I gave up on mIne years ago!  Instead of making resolutions you probably won’t keep, like losing weight, or running five miles a week, why not focus on your home and use the new year to accomplish your home’s to-do list.  Here … Continued

What’s Hot in Kitchen Design for 2018?

What is hot in kitchen design for 2018?  In mid-January Houzz released the results of its 2018 Kitchen Trends study, which revealed that homeowners are obsessed with clutter-free countertops (75 percent), ingenious storage options (66 percent) and easy recycling (49 percent).  Sixty-three percent of homeowners said adequate storage was the most important feature in a kitchen, … Continued

The Federal Reserve Interest Rate Increased

Present the best offer

The Federal Reserve interest rate increased one-quarter percentage point for the third time this year. The action concludes a hastened 12 months for the policymaker, which raised the rate in March and June, as well as once in 2016 and once in 2015. It forecasts three rate raises in 2018. “Hurricane-related disruptions and rebuilding have … Continued