Author: Sponsor

Question: What terms are negotiable in a real estate sales contract?

Answer: I often write articles about current market conditions, because let’s face it, it’s been fun to write those articles for the past couple of years. My last article was about how the market is changing. That continues to be true. The market certainly changed — interest rates have more than doubled, and buyers are largely hibernating.

Question: Should I cancel a contract if the home inspection uncovers a long list of issues?

Answer: So, you fell for a house that you want to make your home and now you’re under contract! Ideally, one of the first things that your Realtor did was schedule a home inspection for you. The amazingly thorough home inspector has now come up with a list of 30 items that should be fixed or at least addressed in the home. Yikes! What to do now?

Question: With the rise in interest rates, has the inventory of homes for sale in Alexandria increased this fall?

Answer: As interest rates have risen, it’s not surprising that there has been a reduction in demand for homes compared to the overheated markets of 2020 and 2021. Even when we look back to 2019, which was considered a modest sellers’ market, the number of contracts is lower now.

Question: How can my local real estate agent help me move long distance?

Answer: Buying and selling a home can be exciting and stressful all at the same time. Locally, most people know at least one real estate agent; whether an agent they have used before or someone they are acquainted with. If not, recommendations from a friend, family member, or trusted advisor are a great place to start.