Ask McEnearney

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

Question: What is the Blueprint for a Renter Bill of Rights? New federal guidelines aim to bring fairness to the rental market.

Question: What if I start to feel buyer’s remorse as I approach the closing table, or even after?

Answer: It’s not uncommon for even seasoned buyers to feel a little bit of buyer’s remorse as they begin to move forward with their new home purchase. Let’s talk about how to avoid buyer’s remorse before you commit to a purchase!

Question: How did the Alexandria market finish 2022?

Answer: Last week in our Ask McEnearney column, McEnearney Associate Rebecca McCullough presented a compelling look at what to expect from the Northern Virginia Real Estate market in 2023. She included some statistics comparing the end of 2022 with the end of 2021 for context, but didn’t do a deep dive into specific markets.

Question: What does the 2023 Northern Virginia real estate market hold in store for buyers and sellers?

Answer: Let’s take a quick look back to 2022. In the first half of 2022 we were still riding a very strong seller’s market. Interest rates were in the low threes, inventory was scarce, and buyers were in abundance. We saw lots of multiple offers and very happy sellers.

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

Question: Are there ways to lower my interest rate when buying a house?

Question: What is the difference between a VA loan and a conventional loan?

Answer: If you are considering purchasing your first home, you may have heard about the different types of loans available to buyers looking to finance their purchase. Let’s talk about two that are frequently used — Conventional and VA.

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

Question: How should I prepare my home for winter weather?

Question: What makes Alexandria such a desirable place to live?

Answer: As a fifth grade school safety patrol from Daytona Beach, I fell in love with Alexandria when I came to Washington, D.C. to march in a parade down Constitution Avenue. Like so many other tour groups, we visited Old Town. The historic architecture, cobblestone streets, boutique shops, yummy restaurants, the location on the Potomac, along with the proximity to D.C. made a huge impact on me, so when I had the opportunity to move here… I did!  George Washington loved living here, so I knew I would too!

Question: How was the real estate market this fall?

Answer: After the new year, we will take a comprehensive look at market data for all of Alexandria including the City and Fairfax County neighborhoods. In the meantime, the following Market-in-a-Minute summary is for market conditions in Northern Virginia* for November 2022.

Question: What do I have to pay for when buying a home?

Answer: If you are considering purchasing your first home, you will likely be obtaining a mortgage to pay for it. This means that you are not going to be paying the full amount of the sales price at the time of closing. Instead, it will be financed over time. How much do you actually have to pay at closing though? And what other fees will you have to pay for?

Question: Who’s scurrying behind the real estate scene at holiday time?

Answer: Behind the scenes, the elves are at work…