Helena Talbot’s blog - The Pros And Cons Of Buying A Short Sale

Before we begin, let's define the term short sale.  What exactly is a short sale?  A short sale is when a seller attempts to sell their home for less than they owe.  The seller will then submit the offer to their lender. If the lender agrees to accept the negotiated offer,  this is now considered a short sale. 
Before buying a short sale, you will need to do enough due diligence to educate yourself on how a short sale works in an effort to determine if a short sale is right for you. 

The Pros And Cons Of Buying A Short Sale

Pros:
• A short sale will usually save you up to 10% below the current market value. 
• A buyer  has some disclosure protections on a short sale home.  When you buy a foreclosure, the bank will not provide you with a home disclosure report.  However, when you buy a short sale, you should receive a home disclosure report.
• A short sale is usually in better condition than a foreclosure.  Most foreclosures have been sitting vacant for six months or quite possibly for years.  A home that has been sitting vacant  will generally require more repairs due to the home being neglected for long periods of time. 

Cons:

• A short sale can take from 30 days to six months or more to complete the entire process depending on the issues that are involved with all of the participating parties.  Therefore, you will need to have the time and flexibility that is required when buying a short sale.
• Once your offer has been accepted by the seller, it will still have to be approved by the lender.
• Even if your offer was accepted, sometimes the seller may still be receiving other offers .
• If the seller didn't make an agreement with the lender to forgive the balance, the buyer could receive a deficiency judgment from the lender after the closing.
• If the lender does forgive the balance, the buyer could still be liable for the property tax  on the unpaid balance.

If you're thinking about buying a short sale home, consider using a realtor that has experience in dealing  with the short sale processes and one who knows what is required in order to buy a short sale.    Otherwise,  after many months of struggle, you may find yourself without the home you were trying to purchase.  Now you have to start the process all over again.  

Buying a short sale is not something you want to learn as you go.  So talk with your realtor about the pros and cons of buying a short sale.  He has  years of experience and will be a valuable resource in helping you decide if buying a short sale is right for you.

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  

For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

Helena Talbot’s blog - How Technology Can Give Your Home a Competitive Advantage

In today's market, it's important to make sure your home stands apart from the crowd, sparking buyers' imaginations and enticing them to make a return visit or a bid on your home. Incorporating technology into the deal is a surefire way to give your property a competitive edge against the other homes on the market. Although you may not recuperate 100 percent of the cost, having a few "toys" will definitely generate interest and ensure that touring buyers remember your home.

For example, impress your buyers with an automated home control system. There are wireless systems available to fit any price range and need. Set your lights to turn on every night while you're away, or set them to turn on before someone enters the house. You can also automate other electrical appliances in the house too. The convenience and safety from programmable remotes and timers will boost your home's appeal. Whoever buys your home will never have to return to a cold, dark home.

Entertainment additions usually catch a buyer's eye as well. Flat panel television sets mounted on the walls particularly draw attention. TVs don't necessarily have to be large; there are plenty of sizes available to fit any budget. Have your cable provider install the receiver or cable jack near the wall where you will be mounting the TV. Many buyers like small, flat panel TVs in the kitchen, near counter space. Consider this when planning to mount a screen around the kitchen or main floor of your home.

A whole-house audio system is also a nice feature to have. A multi-room sound system that lets you listen to the same music in all different parts of the house is appealing to buyers, especially in warmer weather. By wiring up the entire house, and adding some outdoor speakers near a patio, you could draw in some beneficial attention from music-loving buyers. Extra features such as a flat-screen TV or surround-sound system give your property a slight advantage in buyers' minds. Although these additions may not be the reason your home sells, they will definitely help your house stand out among a long list of homes for sale.

Other ideas you may want to consider are a sensor-activated deadbolt lock, motorized drapes, or maybe even a weather forecaster that displays current conditions like wind speed, UV index, temperature and more. It's all about what you can offer. Although it's unnecessary to completely exceed your budget, having one or two fun features may give your home that little extra push needed to overcome your competitors.

Some homes may have a few of these technologies already, and if so, they will only stand to support your sales efforts. Whether adding anew or working with what you already have, speaking with a real estate professional about how to sell the many different aspects of your home is vital to your success.

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  

For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  

Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

Helena Talbot’s blog - The Dangers Of Non-Disclosure

If you're trying to sell your house, you probably already know that you must, by law, disclose any problems associated with the property.  However, some sellers have a tendency to think that not pointing out the flaws in their home will bring them more money on the sale of their home.  And that may be true; however, there are many problems that could arise later on down the line due to non-disclosure of your homes past and present issues.  

Non-disclosure lawsuits are on the rise.   Once upon a time it was a "buyer beware" market but not anymore.  Ask any realtor and they will tell you that non-disclosure ranks as one of their three biggest problems during the sale and after the sale. 
Especially if the seller has made concentrated efforts to cover up the problematic issues.   Another thing to make note of is that after you have completed a repair, it must be documented.  If you complete a repair and it's not documented, and issues arise down the road, you could still be held liable.   

A seller must disclose anything that could affect the property's value.  Things such as foundation problems, etc. and in some states you must also disclose any risk of natural disasters such as the home being in a flood plain or if there is a high risk of earthquakes.   Additionally, some states also require that you disclose neighborhood nuisances like a barking dog or any other type of noise nuisance.   The non-disclosure rule applies to everyone.  Even if you sell your house "as is" you still have to abide by the non-disclosure laws of your state.   Below are a list of items that should be included in your property disclosure report.  Some of these may vary from state to state. 

• Completed repairs or repairs you were made aware of by the previous owners
• Past or present termite issues
• Any past or present water damage or moisture issues
• Mold
• Lead
• Natural hazards such as the risk of flooding, earthquakes and wildfires
• Past history that includes a notorious haunting or horrific events such as a murder, etc.
• A historical designation that limits remodeling
• Special zoning
• Environmental issues

When in doubt you should disclose.  However, just because you disclosed an issue, doesn't necessarily mean you are obligated to fix the issue.  You can negotiate the repairs with the buyer as terms of the contract.  Or you could just include an "as is" clause in the contract for the repairs in question.  

Talk to your realtor about everything in your home that needs to be disclosed.  Don't ever keep information from your realtor.  He is there to help you.  Not disclosing important issues is serious business and could land you in a lawsuit later.  You will then have to pay for the repairs anyway.  So do yourself a favor and save everyone the time and trouble and be diligent about what your buyer needs to know.  

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  

Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

Helena Talbot’s blog - Five Ways To Make Your Rental Property Feel Like Your Own

Settling into a home that isn't your own can be challenging.  Since you don't own the home, you are limited as to what you can do to make it feel like home.  Let's talk about a few things you can do to personalize your rental space and make it more comfortable for you and your family.

1. Paint some accent walls in the color of your choice. Nothing will enhance your home and make it feel more warm and inviting than a custom painted accent wall or two.  Ask your landlord for the original paint color of the walls so you can paint over your custom color when you move.  

2. You could add some potted plants to your patio or balcony.  Additionally, you could add some patio furniture, a bench and some screening for privacy.

3. If your lease is coming up for renewal, ask your landlord if he would consider installing a new ceiling fan, light fixture or faucet of your choosing in exchange for signing a one year lease. 

4. If your rental property has a yard, consider planting some flowers or adding a few shrubs of your choice.  Some decorative ground cover is also a nice touch.

5.  Consider building each room around a theme.  You could use a coffee theme for your kitchen by placing coffee related items such as decorative hand towels, coffee themed canisters or any other coffee related decor for your countertops and walls.  In your den, you could have a chess or billiard theme.  Or, perhaps you could build your interior decor around your favorite color. 

You could also use your favorite  hobby as a theme and build each room with decor that relates to your hobby. 

There are many unique ideas that could be used to make your rental property feel more like your own.  Hang some curtains or put down some area rugs, hang a seasonal wreath on your front door;  a decorative front door mat is a nice touch as well.  All of these little things add up to a quaint, comfortable place that feels like home.

Customizing your rental home can be fun and exciting. However, before you do anything, you will need to check your lease to find out if there are any restrictions against what you want to do. In addition, you should check with your landlord verbally to confirm exactly what you can and can't do.  If your landlord makes an exception to the lease, you should request a copy of the revision in writing.  And remember, any changes you make will need to be put back to their original condition when you move out unless otherwise stated by your landlord.

If you're thinking about moving into a new rental home, contact your realtor for a list of available rentals in your area.  He will customize a list of rentals for you that will meet the specific criteria you have given him.  

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. 

I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

Helena Talbot’s blog - What Not To Do When Selling Your Home

Now that it's time to sell your home, you're probably trying to make sure you get everything right.  You don't want to make any mistakes that could cost you a top dollar sale.  However, there are many common mistakes that sellers often make.  Not because they don't know any better, but because they truly believe they are right despite what their realtor is telling them.  Here are some of the most common seller mistakes that could easily be avoided.

1.  Don't overprice your house.  We know you have lived in and loved your house and you're probably emotionally attached to it on many different levels.  However, no matter how much you have put into the house or how many upgrades you have completed or how much you owe on it, your home is only worth what the market is willing to pay for it.  Even if yours is the best house on the block.  

2.  You must remove all clutter and all personal items.   Your buyers need to be able to picture themselves living in your home and they can't do that if they see your personal decor and your family pictures, etc. all around the house.  You need to keep it as neutral as possible.  Additionally, by keeping everything to a minimum, you will make your house appear bigger and cleaner.  So go ahead and pack up anything you aren't using and store it until you are ready to move.  You have to pack anyway and this is a great way to get a  jump on things.

3.  Be prepared for lowball offers.  Lower than asking price offers are inevitable.  You will receive lowball offers but don't get offended and whatever you do don't ignore them.  This is your chance to negotiate a better offer.  You can't blame the buyer.  Some sellers will accept a lowball offer if they are in a desperate situation.  But that doesn't mean you have to.   Just take some time and try to get the buyer up to a price that is agreeable to both of you.

4.  If something is broken - fix it.  And that means everything!  Never neglect to fix something that is broken no matter how small it is.  The minute your buyer sees something that needs to be repaired, they will begin to look for anything else that may be wrong with your house.  Additionally, it will cause them to wonder just how well you have maintained the house over the years.  Once the buyer is in this mindset, it's very difficult to change it back.

5.  Don't skimp on the marketing.  About 80% of homebuyers will start their home search on the internet. The internet offers them thousands of options from which to choose.  If you only have a few low quality pictures of your home and most every other ad has plenty of high quality pictures, as well as, virtual tours; which ads do you think they are going to click on?  Yep, that's right - the ones with the great pictures and virtual tours.  Talk to your realtor about how to get the most out of your advertising.

Selling your home doesn't have to be a chore.  Allow your realtor to guide you in the right direction.  Your realtor has the experience to sell your home quickly and to help get you the highest selling price possible. Therefore, take his advice and know that he is doing everything in your best interest. 

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business. 

I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

Helena Talbot’s blog - The Pros And Cons Of Buying Your Next Home

To lease or to buy - that is the question.  This dilemma is a sticking point for many people.  But the truth is that there isn't a one size fits all answer.  Whether you should lease your next home or buy your next home can only be determined by making a list of pros and cons based on your family's current needs.  

Below are some of the pros and cons of buying your next home versus leasing your next home.  You can take these issues and add your own to the list as well.  These pros and cons will assist you in making the right decision.

Pros:

•You can claim your mortgage interest as a deduction on your taxes.
•With each mortgage payment, you will be building equity in your home.
•Mortgage interest rates are at an all time low.
•You can customize and change your home to suit your lifestyle.
•You may have a yard for you, your children and your pets to enjoy.
•You will have pride of ownership and will have something of your very own to call home.
•If you buy a home that is below market value, you could have a larger return on your investment in the long term.
•In most cases, owning your own home will offer you more privacy.
•Owing your own home will help you build your credit as long as your mortgage payments are being made on time.

Cons:

•You will have routine maintenance and repairs that will need to be performed.
•Buying a home is a serious financial commitment. You can't just break your lease and move out whenever you feel like it. You will have to take the time to sell your house before you can move.
•Not all homes increase in value. So you must weigh the risks before making a commitment.

Buying a home is one of the biggest investments most people will make in their lifetime and the decision to buy is one that shouldn't be taken lightly.  Do some research and take all the time you need in order to make an educated decision about whether to lease or to buy your next home.

Call your real estate agent and let him know that you're thinking about moving but haven't decided whether to lease or buy.  Your realtor will be a great resource in helping you make your final decision.  He will supply you with all the information you need in order to find the option that is best suited to your family's current needs.

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

Helena Talbot’s blog - Six Questions You Must Ask Your Real Estate Agent

Finding the right real estate agent can mean the difference between a quick sale or not making a sale at all.  Therefore, it's imperative that you ask your potential real estate agent some qualifying questions before you make any type of commitment.   Below are a few questions you must ask if you want to find a reputable, qualified realtor to sell your home quickly and effectively.

1.  Do you have any references?  Always check the references of the person you're thinking about hiring.  If they aren't good, find another realtor.  Don't just settle for the first realtor that comes along, unless your research proves they are in fact the most qualified.

2.  What issues do you see with my home?  A seasoned realtor will be able to quickly spot the potential drawbacks of your home.  And an honest realtor will be willing to be upfront with you and discuss the drawbacks and how they would overcome them.  If a realtor doesn't point out any flaws, it could be they're inexperienced or they 're just trying to get the contract to sell your home.  You need to find a realtor who will be upfront and honest with you and one who can communicate effectively with you at all times.  

3.  How many clients do you have currently?  If you find a realtor that currently has 50 listings, his time may be spread too thin and he may not have enough time to spend marketing your home.  Additionally, if you find a realtor that has too few clients, it could be that he doesn't have many referrals.  Or it could be that he is new and inexperienced.  In either case, you will have to weigh the facts in order to decide if that person is right for you.  

4.  Will you provide me with a CMA (comparative market analysis?)  An experienced realtor will come to your first appointment with a CMA already pre-prepared for you.

5.  Is the area growing or declining?   A good realtor should be familiar with the area and its current trends.  In addition, a seasoned realtor should be able to spot the signs of a neighborhood that is in decline and offer some recommendations to you.  

6.  How will you market my home?  Your realtor should perform all the marketing tasks that it takes to sell your home quickly.  That includes listing your home on MLS and as other many internet sites as possible.  They should also have quality pictures and virtual tours taken.  And have printed color flyers and brochures available.  Additionally, they should perform as many open houses as necessary.  If your realtor tells you they don't do open houses, consider finding another realtor.  

Finding the right realtor to sell your home is one of the most important decisions you will need to make.  Hiring the wrong realtor could cost you thousands of dollars and the loss of potential buyers.   Therefore, you should take all the time you need to make an educated decision about who you want representing you and your home.  

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

Helena Talbot’s blog - How To Restore Your Credit Score Quickly

Buying a home is the American dream and you have decided that it is time to start looking into buying a home of your own.  That's great!  However, you probably know that there are things you should be doing before you begin your search -  but where do you start?  

The first thing you need to get in order, before you do anything else, is to get a copy of your credit reports.  That's plural - credit reports.  You need to get a copy of your credit reports from all three credit reporting agencies -  Trans Union, Equifax and Experian.  

If you are thinking about buying a house, you may not realize the importance your credit repots hold in getting an approval for your new home.  The mortgage companies are more concerned about your recent buying and repayment history than what may have happened years ago.  

If you have too many  recent late payments or collections, there may not be anything you can do to get approved in the immediate future.  However, there are some things you can do to clean up your report. So in six months to a year or maybe even two years, depending on how bad your credit is and how long it takes you to clean it up, you can apply for a home mortgage and get your approval. 

Here are a few things you can do to restore your credit and credit score quickly

1.  Check your credit reports for errors.  Again , that is plural so check all three of your credit reports for errors.  If there are mistakes on your credit reports, you will need to start an investigation with the company or the source of the derogatory information.  Contact them in writing and make sure you include all supporting documentation proving the information is in fact an error.  

2.  Set up a timely repayment schedule.  If you have any accounts that you have been late in paying, you will need to begin paying all of them on time.  Paying your bills on time for a minimum of six months will go a long way in improving your credit rating.

3.  Collections.  Try to avoid having your accounts turned in to collections.  A collection is the most damaging of all credit issues.  So work out a re-payment plan before your account turns into a collection.  A credit improvement agency may be able to help you get your collections erased; but only if the creditor did not abide by all of the laws of the Fair Credit Reporting Act.   However, this is generally not the case because most creditors know the laws and how to follow them.  So don't count on this as a quick fix .  Most collection accounts will stay on your credit report for a minimum of seven years. 

4.  Keep a low balance on all of your revolving credit accounts.  Try to keep your balances below 50% of your limit.  The lesser the balance the better it looks to  potential creditors.

5.  Do some soul searching.  Try to determine what caused your credit status to get out of control in the first place.  Then do whatever you have to to amend your bad habits - if any.  

6.  Get a secured credit card.  Secured credit cards can be very helpful in improving your credit.

There are many things you can do to get your credit report back on track quickly.  So talk to your real estate agent for more information about how you should go about doing this.  In the meantime, your realtor will be able to get you started on your path to homeownership while you are working out your credit issues.  Your agent has the experience and the know how to help you get into your new home as quickly as possible.  So take advantage of all they have to offer you.  

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

Helena Talbot’s blog - 4 Ways to Impress Your Lender

Lending is tight, and with the way the market is moving, it may be getting even tighter. But that doesn’t mean your dreams of owning that three-bedroom colonial should be dashed to pieces. It just means you need to impress your lender. Below are a few top tips:

Maintain job security. If possible, you should stay at your current job while building up your credit and zeroing in on that mortgage. Your lender will want to analyze your work history, and make sure you are reliable and have a steady stream of income. If you know you need to switch jobs soon, put off your home purchase until you are securely in your new position. 

Fluff your credit. Your credit is key for securing a mortgage. If yours isn’t up to snuff, spend a year or so working on it before talking to a lender. How can you work on your credit? Pay down any credit card balances and stay on top of your bills. You should also check your ratio of credit available to credit used. 

Trim your spending habits. You're trying to prove to your lender that you can manage your finances and debt. Putting a huge chunk of your salary toward a new car or that stunning living room set will raise a few eyebrows. Avoid excessive credit card purchases while gearing up for a mortgage application. 

Save. This goes hand in hand with trimming your spending habits. Saving for your down payment will be very helpful when it comes to applying for a mortgage. Aim for 20 percent of the amount of home you can afford. A large down payment will prove to lenders that you’re serious as well as a good saver. It will also give you immediate equity and reduce your monthly payments from the get-go.

While securing a mortgage is a tricky process, it’s not impossible—and impressing your lender is only going to help.

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

Helena Talbot’s blog - Do You Need A Realtor A Buyers Agent Or Both

Buying a new home is exciting.  But it is not something that you do every day.  So  learning everything there is to know is difficult if not impossible.  The good news is - you don't have to.  All you need to do is to hire a realtor.  Sounds easy enough.  But wait . . . there are a few things you will need to know before you hire a realtor to help you through the buying process.  

Here is what you need to know about hiring a realtor.  Do you need a realtor,  a buyer's agent  or both?

Not all real estate agents work only for their buyers.   For example:  say you meet a realtor and allow them to show you a few houses and during that time you have given the realtor your price limit and other information about your situation.  You then make an offer on a home  that is $10,000 less than the asking price.  The seller asks your realtor how much they think you are willing to spend.  What do you think that realtor will tell the seller?  

Well, you probably think that "your" realtor will not tell the seller anything because they are your realtor and they are supposed to be in your court right?  Wrong!  Unless, you have signed a Buyers Agreement with your realtor.  If you don't then your realtor is most likely acting as a sub agent to the listing broker who represents the seller.  

A sub listing agent is obligated to the seller to disclose any information that you have given them.  That means they are obligated to give the seller any information they feel might help them get the sale.  So if you make an offer that is lower than what the seller is asking and you have already told your realtor that you have more money and that you would be willing to make a higher offer if necessary; then your realtor is obligated to give that information to the seller.  So  more than likely your offer will not be accepted and you will end up having to make a higher offer if you want that home.  

The bottom line is - if you hire a realtor to represent you - you must get a signed Buyers Agreement.  Otherwise, you may end up paying more than you should have for your new home.   A Buyers Agreement is also an agreement between you and your realtor  that you will not work with any other agent for a designated period of time.  Usually 90 days.  Additionally, this ensures your realtor that you will not buy from anyone else including an FSBO (for sale by owner). 

A good rule of thumb is to never say anything to anyone unless you would be willing to have that information repeated to the seller.  Discretion is always a good policy.

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.

Helena Talbot’s blog - How To Recognize A Home That Will Hold Its Resale Value

Buyers who are looking for a new home are often very excited.  It is that excitement that can sometimes cloud their judgment when it comes to buying a home that will retain its resale value.  So what can you do to make sure that your excitement does not overcome your good judgment and common sense?  

Here are some things to keep in mind when you are trying to buy a home that will retain its resale value.

1.  Location, location, location!  Is this home on a busy street or does it have some other undesirable factor about it?  If so, make sure the price is adjusted accordingly.

2.  Consider all defects that are not correctable.  Things like location, traffic, floor plan etc. Then make sure the selling price reflects these non -correctable items.  Remember, you may have to sell this home with these same defects in the future.  So you don't want to be left holding the bag.

3.  Does this home suit your long term needs.  If so and you plan on living in the house for a very long time, then resale value may not be as big of a determining factor for you.

4.  Don't be bullied.  If you are looking in a hot market, don't overlook the issues that could cause you to lose money if you have to sell in a future market downturn.

5.  Look for a home that has a broad appeal.  A home that is suitable for most people.  One that has a good floor plan and amenities that the majority of people are looking for is important.

6.  Think about the size and the space.  Is this home going to be very expensive to maintain due to its home or yard?  Are there any other factors that could influence someone's decision to buy.

7.  It is best to buy a home that is in good condition -one that someone clearly took the time to maintain over the years.  Routine maintenance is a huge factor when it comes to future repairs. 

8.  Convenience - how convenient is this home to schools, banks, day care centers, shopping, gas and restaurants.

9.  Look for an easy commute - is this home located in an area where the major thoroughfares are easily accessible.  Is there a bus line nearby etc.

10.  Find a home that has a good resale value and not one that is just a good deal.

Talk to your realtor about buying a home that has a good resale value and they will be able to help keep you on the right track.  Resale value should be one of the major deciding factors when buying a home.  Remember, most people do not live in the same house their entire lives.  So plan accordingly!

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.

I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.

For a free market analysis on the value of your home, please visit http://www.LoudounHomeValues.com

My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.

I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.

Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker- Licensed in Virginia. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods includeLeesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

Free iPhone/Android Mobile App to search Northern Virginia real estate.  2 easy ways to get the App:  Text “Exit9” to 87778 or enter http://87778.mobi/Exit9 into your browser.