Kim Darwaza Northern Virginia Real Estate

A friend of mine that works at Freddie Mac sent me an email with the following useful information.  It has great information on when it is worth while to refinance even if you are not in trouble but just want to reduce your rate.  I think the hardest qualification for a lot of people is the LTV not exceeding 105%.  Also, if you ...

The 200-400k price range inside and around the beltway is still very hot right now.  There was a property that came on the market Monday night in Burke.  I showed it Tuesday afternoon around 3:30 and there were two other agents showing the property when I was there.  I called the agent around 5 pm and there were already 4 contracts ...

RE/MAX again has less agents and does more transactions.  As our commercials say, "No one sells more Real Estate than RE/MAX.".  For information on the Northern Virginia Real Estate market contact Kim Darwaza of RE/MAX Allegiance at 703-856-2254.  To search the MLS for free please visit ...

Virginia is one of the most economically resilient states and shows good prospects for recovery, according to the American Legislative Exchange Council. A new report by the ALEC ranks Virginia No. 4 in economic outlook. Maryland is ranked in the middle of the pack at No. 28. ALEC’s rankings of the 50 states are based on the balance between ...

New loan limits for "conforming plus" loans are in effect as of today.  The loan limit varies by county, but in DC and contiguous counties the limit is now $729,750.·          On primary residences, banks can lend up to 90% LTV with 700+ credit score for a purchase or ...

Happy New Year!  I realize it is already February but I have gotten off to a busy start this year and have thus been neglecting my Blog.  The market is picking up in certain areas and for certain property types which is good news.  Inventory:  In the $250-400k price range there is a lot of ...

Northern Virginia is a huge relocation market.  The fact that REMAX.com is the #1 real estate brokerage site can only mean good things if your house is listed and advertised on remax.com with a RE/MAX agent.  Secondly, I am proud to say that my office was #1 in sales for 2008 in Fairfax County.  Clearly, No One Sells More ...

I received the following email from a lender that I work with:    I have conf fixed below 5% and loans to $3mil at 5.5%!  I also have 102% financing! Wachovia mortgages create excitement with buyers and refi customers as well. Have you contacted your representatives in Congress yet? Urge them to support NAR’s Stimulus ...

Home price declines slowed in August - http://www.inman.com/news/2008/10/24/home-price-declines-slowed-in-august NAR: Sales up on improved affordability - http://www.inman.com/news/2008/10/24/nar-sales-improved-affordability - September sales of existing homes were up (5.5 percent from August and 1.4 percent from a year ago). Builders Boost ...