This week’s Q&A column is sponsored and written by Corcoran McEnearney, the leading real estate firm in Alexandria. To learn more about this article and relevant Alexandria market news, contact us at 703-549-9292. You may also submit your questions to Corcoran McEnearney via email for response in future columns.

Question: How do financing contingencies in a contract impact the home selling process?

Answer: On the winding road from purchase offer to contract ratification to settlement, there are a few speedbumps that both buyers and sellers must navigate together. Contingencies are one type of speedbump, additional agreements that the contract will continue to move forward as long as certain conditions are met.

Sonia Downard, Title Attorney with Vesta Settlements, recently spoke to our agents about guiding clients through the Financing Contingency for sales in Virginia and avoiding missteps along the way. She explained that while the financing contingency can benefit both the buyer and seller in a sale, it is decidedly buyer-friendly with several protections.

In a real estate transaction, the Financing Contingency is the clause that gives buyers time to secure the financing for the purchase of a property — usually through a mortgage with a lending institution — within a specific time period. If a buyer is unable to secure financing, they can void the contract using this contingency and avoid legal penalties or losing their EMD (earnest money deposit.)

The most common types of financing are Conventional (the most popular), VA (for veteran and military buyers), FHA (great for first-time homebuyers and those with limited cash for down payments and fees), and USDA (for properties in rural areas).

Financing contingencies can have an automatic extension or an automatic termination, and a buyer can satisfy or remove the contingency by delivering to the seller a written commitment from the lender for the required financing. If a buyer misses the financing contingency deadline and has an automatic extension, the seller can deliver a written notice to the buyer that they have three days to remove the contingency or void the contract. However, it’s more likely that the seller will allow a contingency to remain in place up until settlement as lenders complete their final underwriting tasks.

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Don Taco at 808 King Street is excited to announce a full renovation of its space!

After operating since 2016, the team thought it was time for a refresh and enlisted the help of interior designer Yvette Irene for the remodel. Yvette sought to brighten the space and give it a new look, and construction just wrapped up right in time for the holiday season.

An Old Town mainstay, Don Taco serves 25 different tacos and an array of Mexican classics by Chef Mike Cordero. With a full bar on both floors, guests can enjoy margaritas, craft cocktails, and an extensive beer and wine list.

Happy Hour is available Monday-Friday from 3-7 p.m., and guests can take in all menu selections on the Don Taco website.

Now that the holiday season is here, and 2025 is fast approaching, Don Taco looks forward to serving the families of Old Town and beyond in its fully refreshed space!


We’re excited to reintroduce ourselves to the Del Ray community!

For the past 13 years, The Del Ray Montessori School (DRMS) has been proud to serve families by nurturing the growth of young learners. As the new head of school, I’d like to take a moment to share a little more about who we are, what we believe in, and why we’re so passionate about the Montessori method.

At DRMS, we are committed to offering a learning environment that respects the child as an individual. Montessori education is based on the belief that children are naturally curious and capable of self-directed learning. We provide an atmosphere where each child is empowered to explore, discover, and learn at their own pace.

Our classrooms are built on a foundation of key principles:

  • Respect for the Child: We honor each child’s unique needs, interests, and developmental stage.
  • Fostering Concentration and Independence: Our approach encourages children to focus on tasks and develop confidence in their abilities.
  • Individualized Learning Paths: We believe every child learns differently, so we tailor education to each child’s strengths, needs, and learning style.

Whether your child is 18 months or 12 years old, we create an environment that supports their growth as an independent, thoughtful, and capable individual.

The Del Ray Montessori School offers rolling admissions for all levels, so applications are accepted throughout the year. However, we would like to encourage you to submit your application by February 1 to ensure your child is considered in our first round of applications.

By submitting your application by this date, you’ll give your child priority consideration for the upcoming school year. After February 1, we continue to accept applications on a rolling basis, depending on availability.

Whether you are exploring Montessori education for the first time or looking for the right fit for your child’s next educational step, we invite you to learn more about our program and apply today.


Dustin Zeher, CBI

Your next opportunity is just on the horizon!

At Horizon Business Brokers, we specialize in navigating complex transactions, ensuring smooth negotiations, and maximizing value for our clients.

Founded in 2006 by Dustin Zeher, Horizon Business Brokers is based in Northern Virginia. Dustin is a Certified Business Intermediary (CBI) and President of the Maryland Business Brokers Association. He is also a board member of the Carolinas-Virginia Business Brokers Association. Horizon has sold nearly 400 businesses for business owners from all parts of the D.C. metro area.

What is a Business Broker?

Business brokers act as intermediaries between buyers and sellers of businesses and work to ensure mutually beneficial outcomes for both parties. They are vital in the sale and acquisition process, offering expertise in valuation, negotiation, and transaction management while confidentially connecting buyers and sellers of privately held businesses.

Today business brokers have access to advanced technology and use sophisticated tools like data analytics and Artificial Intelligence (AI) to provide more accurate market insights and valuations, helping clients make informed decisions. They manage complex deal terms and ensure that the process is smooth and efficient, ultimately helping sellers maximize their returns while also fostering positive relationships with buyers to ensure they are getting a great business at a fair price.

Frequently a business seller wants to maintain a level of confidentiality, so hiring a broker enables them to maintain discretion when sharing information as the broker will be the first point of contact during the sale process.

The broker will acquire information from potential buyers prior to releasing any sensitive details about the business that is listed for sale to ensure buyers are professionally and financially qualified and to obtain their confidentiality. A business broker also creates sales and marketing materials to highlight the business and its strengths and opportunities for growth, while also managing the marketing and advertising efforts of the business.

Using a number of different platforms, a business broker will reach out to their internal database of buyers as well as their professional contacts to let them know the business is for sale, all in a confidential and effective manner. When using a business broker, there is a higher probability of a sale versus trying to sell the business on your own, and more often than not, a broker is able to sell the business for a higher price in a shorter time period.

An overwhelming majority of small business sales are private transactions so there is not a publicly accessible database of final sale prices from recent years. A broker will be able to provide a business owner with a reasonable asking price based on business performance, the value of any tangible assets, intellectual property or patents, goodwill, and inventory. Many brokers offer business valuation services to determine a fair market value and the most probable selling price of a business.

If an offer is accepted, the broker will assist the buyer in conducting due diligence to verify that what has been presented in the offering materials is accurate, and to ensure that the seller is only sharing information that is absolutely necessary and will not be detrimental to the operation and sale of the business. A knowledgeable broker will also be able to provide guidance for working with landlords to transition the lease to a new party, if needed, and to pre-qualify the business for an SBA backed loan to help expedite the financing if necessary. An experienced broker will also likely have established relationships with attorneys, accountants, and bankers who may be involved at various phases of the sale process to assist both the buyer and the seller.

Before a business owner decides to engage with a broker, they should do research and interview multiple brokers to see which one best fits their goals. The average time to sell a business is roughly 6-12 months, but there are times when it takes longer for a variety of factors so you will want to make sure your broker is someone you trust and will enjoy working with as you navigate the process.

Whether you’re selling your business or looking to grow through acquisition, buying your first business, or having your business valued, partnering with a reputable business brokerage firm can make all the difference.

Contact us today for a complimentary consultation to explore how we can help you achieve your business goals!

Dustin Zeher, CBI
Founder and Principal Broker/M&A Advisor
Horizon Business Brokers, LLC.
Office: 703-910-7384
Cell: 571-437-5135
[email protected]
www.horizonbrokers.com


As the holidays approach, homeowners begin their annual preparations — cleaning, decorating, meal planning, and organizing guest rooms. Amid all the excitement and planning, one key aspect often gets overlooked: the bathroom, particularly the toilet.

Whether it’s hosting a large family dinner or entertaining friends for holiday parties, the last thing any homeowner wants is an embarrassing plumbing problem such as leaking, clogging, slow filling, or visibly aging toilets. That’s where ToiletKing steps in with their fast and affordable process for replacing toilets in under an hour, ensuring homes are holiday ready from top to bottom.

In response to these potential problems, ToiletKing, a Virginia-based home service company founded in Loudoun County, is offering a unique solution — replacing homeowners’ toilets in under one hour. This service is designed to be both fast and affordable, addressing a range of common toilet issues that often arise at inconvenient times.

Addressing Common Toilet Problems Before the Holidays

During busy holiday gatherings, the bathroom, and particularly the toilet, is one of the most frequently used spaces in a home. Toilets that are aging, malfunctioning or have a weak flush can quickly become a source of stress. Some of the most common issues include:

  • Clogging: Frequent clogs are not only a nuisance but can also cause significant embarrassment when hosting guests.
  • Leaking: Toilets that leak water at the base or from the tank can lead to costly water damage and increased utility bills.
  • Running Toilets: Toilets that continuously run can waste gallons of water each day, driving up water bills and creating unnecessary noise.
  • Slow Refills: Toilets that take too long to refill after flushing can be frustrating and cause inconvenience during busy gatherings.
  • Cracked or Discolored Toilets: Toilets that are cracked or have visible yellowing due to age or hard water stains can diminish the overall appearance of a bathroom.

Replacing problematic toilets before the holidays is a proactive measure that can help avoid potential inconveniences for homeowners and their guests.

Fast and Efficient Service

ToiletKing has developed a process that allows them to replace toilets quickly and efficiently, completing the installation in less than one hour. This expedited service is designed to help homeowners avoid long waits or interruptions to their holiday plans.

Christos Karageorgos, Founder of ToiletKing, explains the company’s approach: “Our process focuses on streamlining the toilet replacement experience. We’ve structured our service so that we can replace any standard toilet within an hour and with precision, minimizing disruption to homeowners. We understand that during the holidays, time is of the essence, and we aim to make the process as quick and stress-free as possible.”

Affordability and Transparency

In addition to speed, ToiletKing emphasizes affordability and transparent pricing. The company aims to provide homeowners with an affordable solution for upgrading their toilets without compromising on the quality of service and materials. All pricing is provided upfront, with no hidden fees or unexpected costs, which can be especially important during a season when homeowners are often juggling multiple expenses.

The company’s competitive pricing, combined with a high level of expertise, has positioned them as a convenient option for those seeking to upgrade their toilets in preparation for holiday gatherings. The company’s service is designed to cater to both those who need last-minute solutions or who want to replace an aging toilet before it becomes a larger issue.

How ToiletKing’s Process Works

ToiletKing’s replacement process is simple: homeowners visit the website and select a toilet from one of the company’s four all-inclusive toilet replacement packages: Basic, Standard, Deluxe, or The Kings Throne. Each package, while varying in price, includes all the same excellent service: choice of toilet, delivery, professional installation, and responsible removal of your old toilet. The company also offers a range of bidets and an affordable extended service warranty for those customers who would like additional peace of mind.

ToiletKing offers a range of high-quality and high-performance brands such as Kohler, Toto, American Standard, and Swiss Madison that fit seamlessly into any bathroom style, ensuring functionality without sacrificing aesthetics. With ToiletKing’s affordable and efficient toilet replacement service, you can easily check one item off the list when it comes to preparing your home for the holidays.

Visit toiletkingva.com to see the company’s full selection of toilet models and bidets and purchase your new toilet today!


RealtyPeople

RealtyPeople promises full-service representation while only charging $500 plus 1%.

Over the past year, the residential real estate industry has undergone major changes.

In late 2023, the National Association of Realtors and major brokerages were subject to legal action, resulting in implementation of new rules requiring more transparency in commissions.

According to Michael Gorman, the founder of RealtyPeople, this has created a desire among consumers for a more value-oriented service offering in residential real estate brokerage.

Mr. Gorman is a former senior executive at Long & Foster and has also conducted more than $2 billion in real estate transactions as one of the top agents in Northern Virginia. His new company, RealtyPeople, provides full-service representation for buyers and sellers at a cost of $500 plus 1% of the home’s sales price. According to Mr. Gorman, this puts more money into clients’ pockets, given that prevailing commission rates are closer to 3%.

Mr. Gorman is often asked how the company can make money when charging such low fees. He asserts that the key driver is volume. Most conventional real estate agents only complete a few real estate transactions per year, and that necessitates that they earn substantial commissions on each transaction. Mr. Gorman’s model is based on agents completing multiple transactions each month. Even when charging low commissions, he and his agents earn more than most agents at other brokerages.

Mr. Gorman doesn’t see RealtyPeople as a competitor to the area’s larger brokerages. In his view, conventional agents will attract clients based on strong personal relationships and specific neighborhood expertise. On those transactions, many clients will see value in paying 3% for representation.

But for those buyers and sellers who may consider transacting without representation, who are looking for a lower fee alternative to other brokerages, or simply wish to maximize their proceeds, RealtyPeople could be a compelling choice.

Visit www.realtypeople.com for additional information on the company’s approach and pricing.


Children’s House Montessori School

Since welcoming students to the newly renovated campus in September, Children’s House Montessori School (CHMS) is proudly witnessing children thrive in their engaging Montessori environments each day.

At CHMS in the Del Ray neighborhood of Alexandria, community is at the heart of the school’s mission. Recently, families and staff came together for the annual trip to a local fall pumpkin farm, where a day of fun and connection unfolded. This event is just one of many community-building activities that CHMS hosts throughout the year, all aimed at fostering strong relationships among families and staff.

The community enjoyed tractor rides through the park, with the joy on the children’s faces truly infectious. Many were seen encouraging one another to try new experiences, such as feeding the animals or helping each other navigate the large play structures. These moments not only fostered confidence among the children but also provided parents with opportunities for meaningful conversations with Montessori Guides.

The giant slides added an extra layer of excitement, generating laughter and creating lasting memories for everyone involved. Such shared experiences contribute to a strong sense of belonging and camaraderie among families within the CHMS community.

Reflecting on the day highlights the importance of togetherness. Events like this allow families to celebrate their shared journey and strengthen the connections that enhance each child’s educational experience.

Submit an application to Children’s House Montessori School to experience firsthand the vibrant community and individualized approach that make CHMS a special place for families!


Join The Del Ray Montessori School this Saturday, October 19, from 10 a.m. to 12 p.m. for an Open House!

We invite families to explore our beautiful Montessori classrooms, thoughtfully curated to nurture each child’s interests and development.

Experience firsthand how our environment is designed to meet children where they are, fostering independence and a lifelong love of learning. Whether you’re new to Montessori or looking to deepen your understanding, this is a wonderful opportunity to connect with our dedicated staff and see our vibrant community in action.

We would also like to invite you to our Montessori Outcomes Parent Night on Thursday, October 24 from 6-7:30 p.m. This event will be hosted in the Del Ray United Methodist Church’s Lunceford Hall.

In education, outcomes are usually understood in the context of “inputs.” Put the knowledge in — out comes that same knowledge. How is Montessori education different? What are the outcomes we are looking for?  Come for a dive into children’s discoveries about learning, the world, and themselves through Montessori. Register to learn more!

Located near the intersection of Commonwealth and Windsor Avenues, we are “The Little School Around the Corner.” We serve children ages 18 months to six years old and an elementary program for grades 1st-6th.

If you have questions, please give us a call at 703-380-1241 or shoot us an email at [email protected]. We look forward to welcoming you and your family!


Welcome to the Del Ray Montessori School (DRMS)!

Located near the intersection of Commonwealth and Windsor Avenues, we are “The Little School Around the Corner.” Our space accommodates toddler and preschool students ages 18 months to six years old and an elementary program for grades 1st-6th.

Our space includes a large garden and playground area for children to explore and be with nature every day. Enrolled students can also attend before and aftercare as well as our Montessori-based summer camp!

At DRMS, we believe in cultivating classroom communities where empathy, curiosity, and independence flourish. Our approach is grounded in the Association Montessori Internationale (AMI) principles, ensuring each child receives a personalized, holistic education that meets their academic and emotional needs.

Our focus is also on community and connection. We stand by our values of community, belonging, and inclusion. We encourage you to see what makes us unique.

Start with an Inquiry call, or visit us at one of our upcoming Open Houses:

  • Saturday, October 19, from 10 a.m.-12 p.m.
  • Saturday, November 16, from 10 a.m.-12 p.m. 

We still have limited spots for the 2024-25 school year and are enrolling for the 2025-26 school year. We look forward to connecting with you!


Discover where inspiration lives…

Ravel and Royale is a duo of naturally inspired apartment communities, where a truly balanced lifestyle takes form.

Grab a carefree lease on life and live nestled among lush landscaping with an incomparable front yard — Strathmore Square.

Explore our greenery, paths, and trails with proximity to Beach Drive in Rock Creek Park and the Strathmore lawns. Relax in a brand-new sophisticated residence with European finishes, generously landscaped terraces, entertainment-focused living spaces, and floor-to-ceiling windows for light-filled rooms overlooking the park. Let our incredible management team take care of the details so you can enjoy your new home stress-free.

Whether you’re absorbed in a new book, enjoying a refreshing swim, or lounging in the sun under the cool shade of the umbrellas, find serenity and relaxation at your on-site pool. Nourish your mind, body, and spirit in your dry sauna, wellness rooms, two-story fitness center with separate yoga space, and our uniquely landscaped courtyards.

Form deeper connections with loved ones as you host memorable dinner parties on your spacious private terrace or within our shared luxury dining spaces, presentation kitchens, and lavish lounges.

The green stop on the redline at the Grosvenor Strathmore Metro Station presents an opportunity for stress-free luxury living inspired by nature in an art-inspired community. Enjoy access to more, including the nightlife and shopping destinations at Pike and Rose and Downtown Bethesda, plus all the benefits of membership at Strathmore, the amazing shows at The Music Center, exhibits at The Mansion, summer concerts and outdoor art on the Strathmore Lawn and Sculpture Garden, and our own Strathmore Square music and community events.

Through a one-of-a-kind partnership with Strathmore, residents receive exclusive and diverse Strathmore programming. Enjoy bi-annual sessions with a Curator Concierge, culturally rich performances, and early offerings for premier seats.

Close to Rockville Pike and I-495/I-270, yet tucked away in a neighborhood to call your own home to world-class arts and culture — this is Ravel and Royale, where style, connectivity, and serenity meet.

ROYALE: Social, lively, and better together

With more to see and more to do, these artful residences are accompanied by extensive amenity spaces, opening the door to exploration and neighborly connection.

RAVEL: Spacious, quiet, and thoughtfully composed

These curated residences offer a private oasis of sophisticated design details, seamlessly woven into a lively arts-inspired community.

Two beautiful variations. One Incredible location. Leasing Now!


DC Bike Ride is the district’s only car-free, social bike ride, bringing bicyclists from near and far together to celebrate our great city in a truly unforgettable way!

The 20-mile, car-free course is purposefully designed to be approachable for first-time riders and avid cyclists alike while taking riders past some of the city’s most iconic sights, including the Washington Monument, Jefferson Memorial, and Lincoln Memorial for the perfect photo op.

More than just a bike ride, DC Bike Ride features live music and entertainment throughout the entire course to keep riders moving, several well-stocked rest stops to refuel with snacks and beverages, and a celebratory Finish Festival (open to the public) near the Capital Building with plenty of entertainment, beer, and delicious food to enjoy with family and friends.

DC Bike Ride takes place on Saturday, September 7 at 8 a.m. EST at the intersection of 12th Street and Constitution Avenue, NW.

You can join DC Bike Ride by visiting www.dcbikeride.com and choosing from a variety of Ride Passes that best suit your needs.

Use promo code LOCALNEWS15 to save 15% off a standard Ride Pass.


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