April 2015

Found 2 blog entries for April 2015.

Often when homebuyers hear the word “condo” the image that comes to mind is apartment styled units. This style of condo is prevalent in Northern VA and provides one level living and is often seen in high rise buildings. These high rises often come with many amenities to include pools, concierge services, secured entry, grounds maintenance, on site gym facilities, sports courts, ect. Many of these high rise, one level style condos are found in the more urban areas closer to Washington DC, for example units like these in Arlington or these in Alexandria.

Many purchasers in the house hunt fail to realize is that condominium is a type of ownership, not a style of home. Condominiums can come in many different styles to include duplex, stacked townhouse

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People often ask us about what we think their home is worth on the market right now. More often these days, by the time they ask a REALTOR, they have already visited one of many websites and consulted an "automated valuation model" for a rough guesstimate on what their home is worth. We are seeing more and more of that, and I thought it would be good to explain WHY those tools are so often wrong and additionally, how to avoid the problem of overpricing or underpricing your home.

Martin Archacki, a REALTOR in Atlanta recently created a clever graphic that shows how far these automated models can be off. In his case he used Zillow's own statistics to explain the problem. On Average...a Zestimate is 8% off in terms of value. There are many areas of the

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