January 6, 2014
First Time Homebuyers

5 Tips for First Time Homebuyers

Are you thinking about buying your first home this year? It has been said repeatedly that this is one of the biggest financial decisions you will ever make. It’s both an exciting and nerve-racking time for perspective homeowners. Setting realistic expectations is a must; rarely do first time home buyers purchase their dream home. That may happen on the second or third purchase. The first step is to save! According the National Association of Realtors, 32% of all buyers cut spending on luxury or non-essential items. Twenty-six percent cut spending on entertainment, 20% cut spending on clothes and 13% canceled […]
January 24, 2014

5 Tips To Prepare Your Home for Sale

If one of your goals for this year is to sell your home, here’s five easy ways to improve the odds of getting the offer you are looking for: 1. Price it right First thing is to set a price at the lower end of your property’s realistic price range. A home that’s priced right for the market attracts serious buyers. An overpriced home may miss out on the all important first few weeks of showings, after which time the listing will appear stale. Have more questions? Need help buying or selling your home? Talk to us: we can help!   […]
July 2, 2014

REALTORS: Discover The Secrets of Branding to Boost Business

Realtors who attended the Central Properties Mentors Series event on “Branding for Success” were treated to a crash course on the importance of defining and positioning their personal brands in real estate. The presenter, Dave Mangan founder of Idea House, explained that branding is shorthand for what people think of you, and that managing your brand is a way to influence how you’re perceived in the marketplace. Personal branding is tied to your reputation and to the perception of others. For better or worse, “branding” is happening whether you think about it or not. So it’s a good idea to […]
July 16, 2014
How to remedy mold

What to Do If a Home Inspection Finds Mold

“Mold” is the last thing you want to hear when you’re making an offer on a house. While this could be unsettling news, mold doesn’t have to be a deal breaker, as Michelle Hopkin ProTec Inspection Services explained to Realtors at a recent visit to Central Properties. When mold is suspected, a home inspector certified to test for mold should visit the property to determine the scope of the problem, and to recommend a course of action for remediation. Have more questions? Need help buying or selling your home? Talk to us: we can help!   [] 1 Step 1 […]
December 4, 2014

Professional Photography Helps Listings Sell

With more than 92% of buyers starting their home search online, it is now more important than ever for home sellers to make a good impression on the web. Craig Heller from TruPlace, a virtual floorplan and real estate photography service, stopped by Central Properties to update agents on the latest trends in online listings. Studies have indicated that listings with multiple high-quality photos attract more interest than listings without photos. For home buyers shopping for their next home from out of state, listing photos and floor plans are even more important. That’s why it is Central Properties policy that […]
January 12, 2015

Are Mortgage Points Tax Deductible?

When you took out a mortgage to buy your home, did you pay points? You may be able to deduct that prepaid interest on your federal tax return — but only if you meet a long list of rules. The points you paid when you signed a mortgage to buy your home may help cut your federal tax bill. With points, sometimes called loan origination points or discount points, you make an upfront payment to get a particular rate from the lender. Since mortgage interest is deductible, your points may be, too. read more Have more questions? Need help buying […]
January 14, 2015

New Year, New Real Estate Contract In Virginia

The previous regional sales contract which can be used in DC and Maryland no longer applies to Virginia. For 2015 Real Estate transactions in Virginia now require a new contract. Agents at Central Properties were briefed by Sara Rodriguez, Title Attorney from Ekko Title, on some of the changes ushered in by the new Virginia contract and recent legislative changes to comply with regulations by the Consumer Financial Protection Bureau (CFPB). Have more questions? Need help buying or selling your home? Talk to us: we can help!   [] 1 Step 1 Pick a time to speak with one of […]
September 8, 2015
DC Open Doors Program

DC Open Doors: Down Payment Assistance With Less Hassle

DC Open Doors offers down payment assistance loans to DC residents. The program provides up to 3.5% for the down payment, and combined with 97% financing, qualified residents can take advantage of 100% financing! Recently Carisa Stanley, Director of DC Open Doors at the DC Housing Finance Agency (DCHFA), and Alex Jaffe, Loan Officer at First Home Mortgage, stopped by Central Properties to inform our agents about this exciting program. What sets DC Open Doors apart from other programs is that it is open to borrowers who earn up to a maximum of $123,395 per year (the maximum is only […]