ARCHIVED BLOG POSTS

2007 

First, a disclaimer. I am not a banker. I am not a financial advisor. I'm just a Realtor. Please ignore anything that I say.Update 12-1-07: I want to make the concept of SIVs more clear.   Imagine this:Bank has $1 Billion making 5%Bank figures they can start a fake company (which is not reported ...
11/30/2007
If a prognosticator expects us to listen to their fortune telling predictions, they should be held to their past predictions.Over at the Bubble Meter, he uncovered a quote from NVAR's website where Lawrence Yun in 2005 said that there was "close to zero" chance for a price decline in DC.Why do I ...
11/29/2007
This is part 2 to my: Current Sellers "Wait Till Spring"? Yeah Right. Lose $10,000.Which focuses on sellers that put their home on the market around September and whether they are better off trying to get a deal done in December, vs waiting until Spring to get a higher price. My data showed that ...
11/25/2007
How frequently have you heard a seller during the month of November or December say that they will just "wait until the Spring to sell for more." As if they can get a higher price then.Well don't believe it.On the one hand I don't believe in data since it can be easily massaged, but you gotta st...
11/25/2007
I was reading the Washington Post on Sat November 24 and I came across their "Real Estate Trends" report for Fairfax County. They compared the first 6 months of 2006 to the first 6 months of 2007. They excluded condos and they used data gathered through the courthouse, and not via the MLS. Out of...
11/25/2007
Punchline: Buy homes with No Additional photos= Save $15,000 on a $400,000 house.Buyers LOVE seeing tons of photos for each listing online. I think Realtor.com said that listings with multiple photos get seen 6 times more than listings with 1 photo. The tendency for buyers is to see a photoless h...
11/21/2007
Buy like a Realtor!This post is a link to a 6 minute video showing the process involved in buying a Bank Owned Property in Arlington Virginia, by a Realtor. Megan Buckley, a Realtor with FranklyRealty.com, recently bought her REO home in South Arlington. It was bank owned. Foreclosures aren't as ...
11/20/2007
Virginia's Regional Congestion Relief Fee, raises the recordation tax another $2,000 on a $500,000 house (it was $500, soon it will be $2,500).I got an email from my non-ABA preferred closing company.Erin Taylor Rauner, Counsel to Monarch Title wrote: "... pending implementation of the "Regional ...
11/19/2007
If you see me in my new BLOGIN Realtor license plate, make sure you honk and wave. Do you have a Vanity License plate? Share yours here (with photos if you can). Also note the "FranklyRealty.com" metal "Dealer" car decal for Realtors in the upper right. That is from IREDTags.com Get your Virginia...
11/12/2007
The FEVER was lost for two years, but it's BACK!My Virginia Real Estate blog showcases the trends before you ever knew they existed. This is a new trend, and it is on fuego. Problem is, is it real?The message is slightly different, but the bottom line is still there: Buy Foreclosures, Flip and Ge...
11/10/2007
Rainmaker
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FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com

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