Real Estate Expert Answers - DROdio Real Estate, Inc., VA/MD/DC

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Real Estate Broker/Owner - DROdio Real Estate, Inc
Thoughts from the head of an Entrepreneur: How I'm trying to effect positive change on the world. Full blog at DanielOdio.com/blog Visit DROdio.com:
RECENT BLOG POSTS
We have a "pick 2" rule that, just like the laws of physics, we've found to be true in all cases when you buy a home. Here's how it works: When you buy a house, you have to choose between three aspects of buying the house:The priceThe locationThe conditionAnd you can only pick two of the three! Y...
12/24/2007
A user named Paul writes:I haven't used www.TBHSE.com but www.BirdsEyeSearch.com is one of my favorite websites. I'm a commercial banker and I use it to analyze and see what homes are selling for in certain areas. I actually was looking for a site just like this one a few years ago but never foun...
12/24/2007
Auctioned properties are a whole world of their own. Many auctions happen as a result of foreclosures. For details on those auctions (which are commonly held on the courthouse steps) you should read this FAQ.However, other auctions can be held by private auction companies. There are a few things ...
12/24/2007
These numbers are referring to the way loans are structured in a purchase.For example,� imagine a $100,000 purchase price for ease of numbers.With an 80/15/5, the buyer would be:Getting an 80% first trust loan (this is his primary loan), or $80,000.Getting a 15% second trust loan (this loan is at...
12/24/2007
Conforming loan amounts are loan amounts under $417,000 (as of 2007).This number is set by Fannie Mae at the end of each year. (The limit back in 1980 when this standard was set by the US Government was $93,750).If a lender wants to be able to easily sell the loan on the secondary market, they ha...
12/24/2007
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A client writes:I've been hearing about VA loans. Are those loans meant only for people who live in Virginia?No! VA loans have nothing to do with Virginia, although many people make that mistake.Here is a good definition of VA loans:More appropriately termed "VA Insured Loan." A loan for which th...
12/24/2007
What is the “MLS”? (And, how to search like a pro!)The "MLS" stands for "Multiple Listing Service". It's the big database that all real estate agents use to list homes. Only agents have full access to the MLS, but we've created three websites which pull the MLS data and show it to you in creative...
12/24/2007
What is the “MLS”? (And, how to search like a pro!)The "MLS" stands for "Multiple Listing Service". It's the big database that all real estate agents use to list homes. Only agents have full access to the MLS, but we've created three websites which pull the MLS data and show it to you in creative...
12/24/2007
When we send you a link with listings, the link will look like this: Click the following URL to see the listing: http://matrix.mris.com/Matrix/Public/Email.aspx?ID=20846305419 The problem is, it can be very hard to read the page that comes up. Here's a little tutorial (click on the photos below t...
12/05/2007
After seeing some absolutely abysmal listings (no photos, etc) we decided to do an in-depth analysis of how good/bad listing agents are when selling homes. After all, they're supposed to be representing their client's best interests, right? And a listing agent stands to make $21,000 to $42,000 on...
12/05/2007
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