Real Estate Tips

Blake shares his tips and secrets about buying and selling a home in Virginia. If you would like to learn more about a specific tip, reach out to Blake via the Contact Us page. Enjoy!

January 9, 2019

When it comes to buying a house in the DC Metro area, the competition is at an all time high. It is typical for a property to have multiple offers from five different parties within the first week of the property hitting the market. Thus, it is critical to have compe...

October 4, 2018

First off, what is private mortgage insurance (PMI)?   Private mortgage insurance is a type of mortgage insurance that a buyer might be required to pay if they have a conventional loan.  PMI is designed to protect the lender if the homeowner stops making monthly paymen...

October 4, 2018

If you have been saving for years for a down payment to buy your first home, did you know that you also need cash at the time of closing to pay for the closing costs? So say you are saving to buy a $300,000 house and have saved 20% ($60,000) for the down payment. Whi...

September 6, 2018

This week, I want to share a personal tip that I like to do with my clients that gives them REAL competitive advantage.  As you probably know or have heard, the DC Metro area is crazy competitive when it comes to real estate so you truly have to have competitive advant...

July 26, 2018

Did you know if you are a first-time homebuyer or have not owned a home in the past two years, you are allowed to make a penalty-free withdrawal from a personal IRA account of up to $10,000.  Each person is allowed to withdraw up to $10,000 in their lifetime penalty fr...

July 12, 2018

I recently read an article by REALTOR Mag on “The True Impact of Home Staging,” and I thought a recap of the article would be great for this week’s Real Estate Tip of the Week.  So here is why staging your home for sale could dramatically effect how quickly it sells an...

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Blake Davenport

Long and Foster

4600 Lee Highway

Arlington, VA 22207

Cell: 703-350-8800

Email: blake.davenport@longandfoster.com

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