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 repor...
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 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 sh...
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...
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 M...
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...
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 &...
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.c...
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 an...
11/10/2007
Rainmaker
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FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com

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