of_note

July-Sept ’11 Market Summary

The worst seems to be over and probably has been since early 2010. While we did benefit from the balloon market (2004-2006),price appreciation in Falls Church was much more in line with the fundamentals (schools, proximity to D.C., Tysons, Metro). The fact is being an established community pays off when things go bad. This is

Read More

Residential Real Estate Terms

Appraisal: An appraisal is done in all non-cash sales. It’s the process whereby the bank or credit union making the loan needs to know if the ratified contract price is justified. Banks will not make a loan if there’s evidence that price is not in-line with the fair market value. A licensed appraiser provides the

Read More