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Escalator Clauses: Risky Business When Buying a House or Condo

June 28, 2021

OK, I have nothing against escalators, at least not the ones that get you from Ladies Handbags to Housewares at Bloomingdales. But when you are planning a strategy that will win a bidding war, so called “escalator clauses” are tool that’s a necessary evil to win your next home. In ...

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How Much Is Your Home Worth?

If you want to find out the value of your automobile, there is an app for that.  Just pull up Kelley Blue Book’s web site, and you can get a very close estimate of what the value is for any model in any condition, whether you plan to trade it in ...

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What You See Is What You Get?  Not Necessarily in Real Estate Listings Online.

This week, I have an old friend flying into town to look at houses, and the inventory is tight. Even so, when I signed onto our multiple listing service, I found a lot of places that looked like possible fits, at least that’s how they looked in the photos. But ...

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You Snooze, You Lose – But the Early Bird May Not Get the Worm!

No doubt about it.  We are in a really goofy real estate market in the Washington, DC area.  And if you want to move, finding the perfect house is a whole lot easier than buying the perfect house.  And buyers who haven’t been in the market for a while are finding the current ground rules ...

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Why We’re Probably Not In a “Housing Bubble”

Whenever we get into a housing market where most sales are the result of bidding wars that lead to what often seem like crazy high prices, we start getting whispers that it can’t last – that it’s like a giant Double Bubble waiting to burst all over your face and ...

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In Today’s Market, Buyers Must Market Themselves to Sellers

Last week, I got an email from a lender who offers a “Certified Home Buyer” program to help in a bidding war against cash buyers. Now, that got my attention! In typical real estate markets, cash buyers are not always that competitive.  They tend to be professional investors or flippers, in ...

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