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  • Home
  • Listings
    • Our Listings
  • Search
    • Our Agents
    • Fairfax Realty Select Luxury Homes
  • Resources
    • Buyers
    • Tips for Buyers
    • Sellers
    • Tips for Sellers
    • Homeowner Information
    • Title and Escrow
    • Mortgage Information
    • Mortage Calculator
    • Real Estate Glossary
    • Dream Home Finder
    • Free Market Analysis
    • The CE Shop
    • Vistaprint ProShop
  • About
    • Testimonials
    • Blog
  • Join Our Team
  • Contact
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Blog

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Tips for Buyers

Build a Plan of Action and Get Ready

by Fairfax Realty Select
Buying a home will probably rank as one of the biggest personal investments one can make. Being organized and in control will contribute significantly to getting the best home deal possible with the least amount of stress. It’s important to anticipate the steps required…
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Tips for Sellers

Making a Good First Impression

by Fairfax Realty Select
If you want buyers to be interested in your home, you need to show it in its best light. A good first impression can influence a buyer both emotionally and visually, thus prompting them to make an offer. In addition, what the buyer first sees is what they think of when they…
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Homeowner Information

Understanding Foreclosures

by Fairfax Realty Select
It is an unfortunate commentary, but when economic activity declines and housing activity decreases, more real property enters the foreclosure process. High interest rates and creative financing arrangements are also contributing factors.When prices are rapidly accelerating…
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Mortgage Information

The No-Cost Thirty Year Fixed Rate Mortgage

by Fairfax Realty Select
There really is no such thing as a no-cost mortgage loan. There are always costs, such as appraisal fees, escrow fees, title insurance fees, document fees, processing fees, flood certification fees, recording fees, notary fees, tax service fees, wire fees, and so on,…
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Homeowner Information

Underground Heating Oil Tanks

by Fairfax Realty Select
Underground heating oil tanks can pose many potential problems to both home buyers and sellers. They have been the source of many environmental problems such as contamination of surrounding soil and ground water. Leaks are generally caused by the rust inside…
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Title and Escrow

Understanding Title Insurance

by Fairfax Realty Select
What is title insurance? Newspapers refer to it in the weekly real estate sections and you hear about it in conversations with real estate brokers. If you’ve purchased a home you may be familiar with the benefits of title insurance. However, if this is your first home,…
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Tips for Buyers

Use a Buyer's Agent

by Fairfax Realty Select
It’s important that you choose an experienced agent who is there for you. Your agent should be actively finding you potential homes, keeping you informed of the entire process, negotiating furiously on your behalf, and answering all of your questions with competence and…
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Tips for Buyers

Getting a Legitimate Lender and Getting Pre-Approved

by Fairfax Realty Select
It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today’s market, that has proven to be one of the least effective methods in landing the dream home.Most lenders can pre-qualify you…
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Mortgage Information

Items You Need When Applying For a Loan

by Fairfax Realty Select
Have These Items Ready When You Apply For a LoanIt used to be that lenders mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data supplied by borrowers. Nowadays, the interest is often in speed and getting answers quickly so…
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Tips for Buyers

First Time Home Buyer Education

by Fairfax Realty Select
Read More
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Title and Escrow

Required Reporting to the I.R.S.

by Fairfax Realty Select
Sellers of real property will have certain information regarding the sale reported to the Internal Revenue Service.This required reporting is a consequence of the Tax Reform Act of 1986; it is intended to encourage taxpayer compliance and aid in audit and enforcement…
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Tips for Buyers

Avoiding Financial Stress

by Fairfax Realty Select
By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money.It is still true that the better qualifications you have, the…
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Homeowner Information

Mechanic’s Liens

by Fairfax Realty Select
The Mechanics’ Lien law provides special protection to contractors, subcontractors, laborers and suppliers who furnish labor or materials to repair, remodel or build your home.If any of these people are not paid for the services or materials they have provided, your home…
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Tips for Sellers

What is a Short Sale Anyway?

by Fairfax Realty Select
An increase in foreclosure rates will inevitably bring with it an increase in short sales. But what is a short sale?A short sale happens when you sell your house for less than your remaining mortgage balance, the proceeds of which go to the lender and in return the lender…
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Tips for Buyers

Thinking About Buying a Foreclosure?

by Fairfax Realty Select
With the housing bubble burst and the subprime mortgage crisis, millions of homeowners found themselves unable to make their mortgage payments. Many found themselves owing more on the house than the home was worth. Many just walked away from their homes. As a result of…
Read More
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Title and Escrow

Why Do You Need Title Insurance?

by Fairfax Realty Select
Title Insurance.It’s a term we hear and see frequently - we see reference to it in the Sunday real estate section, in advertisements and in conversations with real estate brokers. If you’ve purchased a home before, you’re probably familiar with the benefits and…
Read More
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Tips for Sellers

Plan of Action

by Fairfax Realty Select
Analyze why you are selling - If you understand your motives, you will be able to better negotiate and to get what it is that you want, whether it be a quick sale, high price, or somewhere in the middle.Prepare your home for the buyer - Maximize the strengths of…
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Homeowner Information

Mello-Roos

by Fairfax Realty Select
In purchasing your new home, your future monthly payments will be made up of principal, interest, real property taxes, and insurance. But what is the tax for the Community Facilities District, otherwise known as a Mello-Roos District? The Land Title Association (LTA) has…
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Tips for Buyers

Finding the Right Seller

by Fairfax Realty Select
The best seller is one who is highly motivated. A highly motivated seller is more likely to sell at a price that is less than his or her house is actually worth. And it matters that you find out why. Learning the reason why can help you get the price you want and help the…
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Title and Escrow

The Functions of an Escrow

by Fairfax Realty Select
Buying or selling a home (or other piece of real property) usually involves the transfer of large sums of money. It is imperative that the transfer of these funds and related documents from one party to another be handled in a neutral, secure and knowledgeable manner. For…
Read More
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Title and Escrow

Title Insurance When Refinancing Your Loan

by Fairfax Realty Select
Lower interest rates have motivated you to refinance your home loan. The lower rate may save you a tremendous amount of money over the life of the loan, but you should also expect to pay the lender the typical closing costs associated with any new loan, including service…
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Office Address

Fairfax Realty Select3190 Fairview Park Dr #100,Falls Church,
VA 22042
703-533-8660

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