Erick Blackwelder's (erickblackwelder1) Blog

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Real Estate Agent - EXIT Realty Associates - 0225241091
Erick Blackwelder shares his 29 years of experience in real estate and lending, helping over 2,000 nice folks buy and sell houses.
RECENT BLOG POSTS
Renting costs you more per square foot than owning. Renting is especially expensive in the Washington DC market due to the lack of rental properties available.Owning gives you SUBSTANTIAL tax breaks that you can take monthly as deductions on your W-4 tax form at work, and give you a tax return mo...
10/26/2020
Are you afraid of approaching the real estate market because of what you don't know about mortgage financing. It's easy to be confused. Mortgage lending has a vocabulary all its own, with words like appraisal, ratios, debt-to-income, MIP, PMI, escrow, underwriter, and so on.What you need is a for...
10/26/2020
Over the decades since the Veterans Administration (VA) began guaranteeing 100% of veteran loans against default, the VA has posted a maximum loan limit. When I started selling real estate in April 1990, the VA loan limit for the Washington DC metro area was $184,250. Back in those days a buyer c...
10/08/2020
Real estate is a family business for our family.  For twenty-five years my wife, Patty, and her twin sister, Peggy, were vital players in the Erick Blackwelder Team.  Patty was our Business Development Leader, and Peggy was our Listing Agent.   I left the business in 2015 to explore some other op...
09/06/2019
© Courtesy of Aaron ColeAaron Cole and his wife and two children stand in front of the home they nearly lost in Canby, Ore.,after Cole was swindled out of the family's $123,000 down payment in a wire fraud scheme. Buyer Bilked Out of $123K: ‘Just Like That, It’s Gone’ Falling prey to a wire frau...
08/26/2019
Existing-home sales showed improvement in July, a welcome sign for what has been a mostly sluggish summer real estate market. Reversing course last month, sales climbed 2.5% over June, the National Association of REALTORS® reported Wednesday. The Northeast was the only major region of the U.S. to...
08/22/2019
    New-home construction for single-family homes saw an improvement in July, despite builders’ concerns about affordability headwinds. Single-family housing starts rose 1.3% to 876,000 units last month, the Commerce Department reported. The largest regional increases in single-family homebuildin...
08/21/2019
August 19, 2019 Ray Hartley, owner of Intrepid Wildlife Services in Westchester County, N.Y., uses the company tagline “Your castle shouldn’t be a zoo.” Hartley recently recounted to The Wall Street Journal the many calls he receives from homeowners about animal invaders, from squirrels and skunk...
08/20/2019
By Rhone Resch, president & CEO, Solar Energy Industries AssociationWarm weather tends to draw people out hunting for a new home or to inspire others to make home improvements. It turns out home owners with solar energy systems may have the upper hand.In 2006, my family installed a 6-kilowatt pho...
08/20/2019
Real estate has surpassed stocks as Americans’ favorite long-term investment, according to a nationwide Bankrate survey of about 1,000 respondents. Thirty-one percent of survey respondents named real estate as their favorite investment for building wealth that they don’t need access to for a deca...
08/14/2019
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ErickBlackwelder

Selling affordable homes south of Washington DC.
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