Jeff Pearl's Local VA and MD Blog

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Real Estate Agent - RE/MAX Distinctive / LIC in VA
RECENT BLOG POSTS
If you're a potential buyer in Virginia, you've probably heard the statement " It is illegal for me to work with buyers in VA without a written Buyer Broker Agreement". You've probably also seen a similar statement posted on many agents websties. I'm working with buyers now that were told that by...
01/11/2015
The Virginia Association of Realtors sent out the following notice recently. This is totally unbelievable. How long this went on before being discovered isn't mentioned. I would say there had to be cooperation from the licensing testing company. So how many people received a license that never st...
01/10/2015
The Consumer Financial Protection Bureau (CFPB) will be requiring the use of the “Closing Disclosure” starting August 1st 2015. This replaces the current HUD-1 closing statement.  The form shown in this pdf might change before 8/1, but this is probably close to what it will look like. http://file...
01/06/2015
Many agents have posted questions asking about which cameras are best for real estate photography. There is always more than one correct answer to that question. When buying a camera, many factors will come into play as, how much money do you want to spend?, will you be shooting video?, stills?, ...
01/04/2015
"Checking the couch for spare change? You may be owed an even bigger payout, courtesy of the Virginia Department of the Treasury.  The state has $1.7 billion in unclaimed money, stocks, bonds, dividends, utility deposits, insurance proceeds, tangible property and more, according to a Pilotonline ...
01/03/2015
Well, I try to do this about once per quarter, but in this case, it was approx 6 months since I last drained sediment out of our water heater. We have well and septic. But you can imagine how much dirt and grit accumulates in a hot water heater where this is never done. What are the benefits of d...
12/30/2014
Homebuyers, sometimes you have to start with the finished product costs and work backwards.  I got a call a few days ago from a buyer who had $750,000.00 to spend on buying a lot and having a new home built. Actually, it was his builder that called me because he knew I was working on developing s...
12/18/2014
Well, as usual, good news comes with bad news aattached. Since the average short sale forgiveness was over $70,000.00, sellers not having to count that $70,000.00 as income and pay taxes on it is good news.  However, I am showing some short sales now, so any contracts won't close until 2015. Will...
12/17/2014
Many buyers ask questions about laws, mortgages, and taxes. Whether they are doing a short sale, buying, or selling - tax,mortgage, and legal questions should be directed to persons licensed to provide those services. Even if I knew the answer to this question I received this morning:  " Let me k...
12/15/2014
#10 - " Improved Price" -  Overpriced from start, expect small price drops for 6 months. #9 - " Neighborhood Expert " - Does NAR charge for this designation? #8 - " Coming Soon" - It's been up for 39 days. What is your definition of " Soon"? #7 - " Won't Last" - I showed that house 5 months ago? ...
12/12/2014
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JeffPearl

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