MISCELLANEOUS FACTOIDS

Did you know that Virginia is a "deed of trust" state? The deed of trust simplifies and expedites the foreclosure process. This might explain why Northern Virginia's real estate market is leading that of Washington, DC and Suburban Maryland as we emerge from an era of real estate turmoil.

Washington DC is the geographic center of our real estate market. If you move your home one mile closer, it will gain approximately 2% in value. If you move a $1,000,000 home 10 miles closer it gains about $220,000 due to compounding.

Have some fun: The next time you hear some Wall Street guru talking about real estate on TV, email or call in with this question: When is your program going to have a group of Realtors advising what stocks to buy?

Most area buyers now retain an agent to represent them as their buyer-broker. You'll be shocked to learn that such buyers do not get lower prices on the average. Call to find out why.

Most homes are sold through the MLS. This means that the information entered into the MLS computer is critical. The listing agent is a home seller's connection to the buyer. Call to request a copy of "How to Check an Agent's Computer Literacy."

Did you know that in the second worst real estate market in many decades (in the mid-1990's) the average home price in the Washington, D.C. area was nearly constant, actually rising 2% for the 7 year period.

Hot Tip: The best way to search for all local homes on the market is through the special link under the "Buying a Home" button on the left. Already sold properties are not included, addresses are.
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