The Impact Staging Your Home Has on Sales Price

The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.
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Categories: Homeforsale, House tips, Northern Virginia Real Estate, Pearson Smith Realty, realestatedc, Selling Your Home, and Staging to Sell.

NEW LISTING AT “THE COVE” – $290,000

3151 Anchorway Ct. #G, Falls Church Warm and inviting one bedroom end-unit with a beautiful lake view amongst tall trees. This condo offers a grand 2-story entryway, cathedral ceilings, wood burning fireplace, large master bedroom with great closet space, dining room with patio doors to deck and recent upgrades in the kitchen and bathroom including wood grain porcelain flooring. This little gem is conveniently located near Rt. 50 and I-495. If you would like to take a look please contact us at 703.935.8881 or email us at info@lifestyleconciergeva.com  
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Categories: Home Buying Tips, Homeforsale, Northern Virginia Real Estate, Pearson Smith Realty, and realestatedc.

FICO® Scores on Approved Home Loans Drop Again

  According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most opportunity for millennials looking to enter the market with low down payments and even lower FICO® Score requirements. Ellie Mae’s Millennial Tracker revealed that those who purchased homes in December with an FHA Loan were able to do so with an average down payment of 4% and a FICO® Score of only 684. Joe Tyrell, EVP of Corporate
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Categories: Home Buying Tips, Northern Virginia Real Estate, Pearson Smith Realty, and realestatedc.

The Half-Life of Boxes!

Moving soon? About to face the ol’ box issue? Here are some tips re: boxes that you might want to know… Keeping boxes from a move is a great idea IF you fit the following requirements: – The only boxes you keep are in great shape (sturdy, not bent/folded, and a useful size). – You have space for the boxes (under a bed or in the back of a closet). – You anticipate moving again within 5 years. If you need boxes, check the following places for free boxes: – Liquor stores (great for boxes that are the perfect size
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Categories: Home Buying Tips, Moving tips, Pearson Smith Realty, and Selling Your Home.

The Benefits of Homeownership Go Beyond the Financial

Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this. Homeownership is NOT just about the money. In fact, some of the major benefits are non-financial. Here are a few of those benefits as per the National Association of Realtors: Consistent findings show that homeownership does make a significant positive impact on educational
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Categories: Home Buying Tips, House tips, Northern Virginia Real Estate, Pearson Smith Realty, and realestatedc.

How Rising Prices Will Help You Build Family Wealth in 2018

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years? How Rising Prices Will Help You Build Family Wealth in 2018 | MyKCM Since
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Categories: Home Buying Tips, House tips, Northern Virginia Real Estate, Pearson Smith Realty, and realestatedc.

Top 4 REAL Reasons We Buy a Home

  We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons. No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain scent or a favorite chair, the emotional reasons why we choose to buy our own homes are typically more important to us than the financial ones. 1. Owning your home offers stability to start and raise a family From the best neighborhoods to the
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Categories: Downsizing, Home Buying Tips, Northern Virginia Real Estate, and Pearson Smith Realty.

Before You Make an Offer, Here Are 4 Tips for Success!

So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true! Freddie Mac covered “4 Tips for Making an Offer” in their Executive Perspective. Here are the 4 tips they covered along with some additional information for your consideration: 1. Understand How Much You Can Afford “While it’s not nearly as fun as house hunting, fully understanding your
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Categories: Home Buying Tips, House tips, Northern Virginia Real Estate, Pearson Smith Realty, Previewing houses, Senior Downsizing, and Vienna VA Real Estate.