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Your At Home Team

Increase in Grantor’s Tax Paid by Sellers

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If you live in Virginia and selling your home prior to July 1, 2013 you save a few dollars.  If you are planning on selling your home after July 1, 2013, this news impacts you.  The good news is you've sold your home, but you should be mindful of Virginia House Bill 2313 which recently was approved by the Virginia General Assembly. The Virginia Grantor’s tax is charged to all Sellers of real property.  This tax will increase from $1 per thousand (in the greater of the sales price or assessed...

Real Estate Settlement Delays due to Storm Sandy

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Now that hurricane Sandy has departed, Sellers and Buyers should be aware of their responsibilities regarding the pre-settlement walkthrough inspection to verify the condition of the property per the sales contract. There has been considerable discussion posted pertaining to the possibility of settlement delays due to the lender’s concern over possible storm damage. So much so that the they may even ask for a re-appraisal to make certain the value is there and not reduced due to damage. Ob...

Real Estate Trend in Northern Virginia

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Known for its proximity to Washington, DC, lower taxes, good school systems and transportation network, Northern Virginia continues to be a popular area for home buyers of all ages and lifestyles. While the unemployment rate continues to be one of the lowest in the country, demand for lower priced housing is increasing and the supply continues to shrink.  A couple of factors influencing this trend are continued historically low interest rates, a steady increase market value, and co...

Virginia Salutes Civil War Sesquicentennial

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Although it remains one the darkest periods in our history, the American Civil War had an unquestionable and lasting influence on our nation. Few regions of the country were as embroiled in this savage dispute as Virginia, where some of the most integral battles and campaigns were fought. The social and political effects of the war contributed significantly to the growth and development of the USA in the ensuing decades, and now 150 years later we celebrate the commencement of the War Betwee...