Author Archive for: admin

New Outlets Come to NOVA, DC, & MD Just In Time for Holiday Shopping

26 Nov
November 26, 2013 Black Friday for the DC and NOVA area just got a little more convenient and a lot more fun with the grand opening of the new Tanger Outlets located at the National Harbor. With names like J. Crew, Michael Kors, Polo Ralph Lauren, and a Nike Factory Store opening just minutes from Arlington and Alexandria, and still very convenient to many other northern Virginia counties, holiday shoppers have less traffic than trying to deal with traveling down 95 to reach Potomac Mills, and a lot more shopping to look forward to this season. Black Friday at Tanger Outlets, National Harbor Technically Tanger Outlets’ Black Friday shopping spree is starting before Friday even begins. Shoppers can arrive at Read more [...]

Are they short sales or long, drawn out sales?

05 Aug
August 5, 2009 According to a February study conducted by Campbell Communications, only 23% of short sale offers that homeowners receive from potential buyers actually close. Many homeowners watch buyers walk away as months pass dealing with lender delays, lost paperwork, and unreturned calls. Another Campbell Communications survey in March of 2008 found the average time for a mortgage servicer to respond to a short sale offer was 4.5 weeks. By this February it had doubled to 9 weeks and is currently 9.5 weeks. It's not all the lenders fault though. Inexperienced real estate agents who don't turn in complete paperwork and make the necessary contacts are also causing holdups. So the government is stepping in Read more [...]

Mirror Mirror on the Wall

26 May
May 26, 2009 I recently attended a seminar with several speakers throughout the day. It was a terrific event and each speaker offered amazing insights on several topics including following your dreams, motivation, and leadership. The last speaker of the day, Bill George, a Harvard professor spoke on what a leader in the 21st century looks like. What was interesting to me in listening to him was you could apply what he was discussing to being a leader in any circumstance. Whether in your job, your community, your church, your family, your social clubs, all of these traits are a good template for our lives. Leadership is about giving, not getting, the old command and control just doesn’t work anymore. People Read more [...]

Protecting Your Kids From Today's Money Woes

12 May
May 12, 2009 We live in a troubled world. Adults are losing their jobs, their homes, and their savings. While these are hard pills to swallow, think about our children. Many of them are losing all of that and their future. Their tomorrows are uncertainties. We can help them by showing them strength and courage. Always seek teachable moments. Consider obstacles as opportunities that inspire creativity.  The following article is a reprint from Rismedia. RISMEDIA, May 12, 2009-Whether you’ve been hit hard by the recession or not, kids and families may be reeling from the effects of the troubled times without a frame of reference for how tough it is out there. Arun Abey, former Wall Street figure and author Read more [...]

Things That Make You Go… Hmmm!!!!

27 Apr
April 27, 2009 In the early '90's Arsenio Hall's Late Night TV show had a segment called "Things that make you go Hmmm." Last week at our company awards luncheon our Marketing Director presented a video that made us all go WOW!! It was filled with some amazing statistics and global information. I thought I'd do more searching and found some more interesting stuff. I've concluded, if you are a young person learn all you can about technology, learn to speak Chinese, and buy real estate. In China, if you are 1 in a million, there are 1300 others just like you. China will soon be the #1 English speaking country in the world. 25% of India's population with the highest IQ's is greater than the entire population Read more [...]

Turn Those Tax Day Blues into Green

15 Apr
April 15, 2009 So you woke up this morning in a cold sweat. Oh man, it’s tax day. If you owe money to the IRS it’s pay day, but you’re not the one getting paid. You’re writing the check. How can you get out of this dreadful situation? Oh, I know, I know…… a house. If you are renting right now you are making a mortgage payment. Unfortunately it’s not yours, it’s your landlord's. And guess what, the landlord is getting all the tax deductions. He should be sending you thank you notes every month. Meet Ima Homeowner. She bought a new home on January 1, 2008. The sales price was $200,000. She financed the purchase using FHA and rolled her upfront mortgage insurance premium into her loan, which Read more [...]

March Madness!!!! April Happiness!!!!

14 Apr
April 14, 2009 Each month the Metropolitan Regional Information Systems, the local providers of the Multiple Listings for the Washington region, releases statistical reports for Realtors. And every month we pore over the reports, looking for positive information and encouragement that the market will finally show signs of a recovery. In order to be considered a trend I would suggest that one full quarter of sustained growth is required in order to assure some degree of confidence. While most people associate March Madness with the NCAA Basketball Tournament, I think the real estate market experienced its own March Madness as buyers resoundingly re-entered the marketplace. Each of the first 3 months of this Read more [...]

FHA Mortgages

08 Apr
April 8, 2009 There was a time when sellers would shy away from FHA mortgages because of certain restrictions, requirements for seller contributions, and difficult appraisal and underwriting processes. In the last few years however, the Federal Housing Administration reworked their guidelines and made significant changes, making their mortgages more affordable, more flexible and readily available. According to CNNMoney, there were 106,000 more FHA insured loans issued in the first 2 months of 2009 than in all of 2007 and nearly half as many as all of 2008. Why is that? Well, with decreasing home prices and increased loan limits, these loans are very attractive for buyers with good incomes but not enough money Read more [...]

Remembering JFK

08 Apr
April 8, 2009 “Ask not what your country can do for you, rather, ask what you can do for your country”. These famous words were spoken by JFK 48 years ago during his Inaugural Address. How appropriate it is today to reflect on these words and consider what we can do for our country. Do you wait for things to happen or do you create your own circumstances? Instead of worrying about the cost of gasoline, perhaps you can utilize public transportation, carpool, ride a bicycle, or …gasp, walk. Do you recycle? If not, now’s a good time to start. Every little bit helps. Are you going green? Don’t be like Motel 6 and leave the lights on. Turn out the lights when you leave a room. Have you read a good book Read more [...]

Are You Ready?

25 Mar
March 25, 2009 We’ve been getting bits of encouraging news regarding the recovery of the housing market. There are positive signs that lead to optimism. Unlike most periods of economic upheaval where there is a gradual decline followed by a down time and then a gradual rebound, this current recession defied the conventional wisdom. Nearly 4 years ago, almost overnight it seems, the real estate market just collapsed. We certainly should have seen it coming but most people were just oblivious. Some experts will say we haven’t seen the bottom yet, others think we have. Again, don’t listen to the nightly news, it’s more local than what they report. I believe we're heading back to normalcy. So let’s focus Read more [...]