Seti & Company, LLC/ Long and Foster Realtors

What Happens When Reverse Mortgage Runs Out
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What Happens When Reverse Mortgage Runs Out Reverse mortgages are popular among older homeowners as a way to access their home equity without having to sell their property. It is important to understand what happens when the loan runs out, including repayment of the loan balance, the sale of the property, and the options for heirs. Reverse mo...

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Home Evaluation Estimate Which Home You Can Buy? Type your details and get a quick suggestions.

Higher interest rates continue to weigh on Northern Virginia real estate market
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Higher interest rates continue to weigh on Northern Virginia real estate market In October 2023, the Northern Virginia housing market is experiencing a downturn in sales due to higher mortgage rates, with sales down 18.2% from the same period last year. Inventory is also down to 1.22 months, and the median sold price has increased 5% to $650,000. The market remains competitive,...

Find out if it's time to sell your home
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Home Evaluation Estimate How much is your home worth? Type your property address and get a quick home estimate.

The Maryland housing market offers a diverse range of opportunities for buyers and investors alike. From charming historic homes in Baltimore to waterfront properties on the Chesapeake Bay, the state has something for everyone. While prices have been steadily rising, the market remains competitive, making it essential to act swiftly and decisively. Whether you’re seeking a suburban haven or urban excitement, Maryland’s real estate market is vibrant and adaptable. Explore your options with a local real estate expert and secure your place in this dynamic housing landscape today. 🔑🏠 💕

The Northern Virginia housing market continues to thrive, with strong demand for homes in this dynamic region. Whether you're a first-time buyer, looking to upgrade, or considering an investment, now is the time to explore the opportunities. Don't miss out on this exciting market; seize the moment to find your dream home or make a wise investment in Northern Virginia's growing real estate landscape. Connect with Seti & Co/ Long and Foster realtors today to get started on your journey towards homeownership or wealth-building. 💕 🔑🏠

Aug. New-Home Sales Down 8.7% as Interest Rates Rise
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Aug. New-Home Sales Down 8.7% as Interest Rates Rise In August, mortgage rates and affordability challenges caused new-home sales to decrease to their weakest rate since March. This also caused the cost of financing for builder and developer loans to increase, creating another obstacle for building. The National Association of Home Builders (NAHB) Chi...

30-Year Mortgage Rates Fall Again, Dropping Below 8%
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30-Year Mortgage Rates Fall Again, Dropping Below 8% Mortgage rates have dropped significantly in the past week, with the 30-year average now sitting at 7.98%, the lowest it has been in over a week. Rates for 15-year loans, jumbo 30-year loans, and other loan types remained relatively steady. However, VA 30-year, 5/6 ARM, and jumbo 5/6 ARM rates all d...

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Have questions about real estate but not sure where to start?

Ask Me Anything Have questions about real estate but not sure where to start?

With extensive local knowledge, I have the market connections to help your business boom. Let’s connect. 🔑🏠 ❤️

US mortgage rates climb to 7.31%, hitting their highest level in nearly 23 years - WENY News
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US mortgage rates climb to 7.31%, hitting their highest level in nearly 23 years - WENY News Mortgage rates have hit the highest level since the year 2000, up from 7.19% the week before, according to data from Freddie Mac released Thursday. Market participants are still playing catchup to the Fed's revised economic projections, which show that another rate hike this year is still on the tab...

Buying a home can often be a better financial decision than renting. When you buy, you build equity and invest in an asset that can appreciate over time, providing potential long-term financial stability. Additionally, mortgage payments may be comparable to or even less than monthly rent in some areas. You also have the freedom to personalize and make structural changes to your home. Furthermore, owning a home offers a sense of stability and permanence, which can be emotionally rewarding. However, it's important to consider individual circumstances, as homeownership involves maintenance costs and ties up capital that could be invested elsewhere. Contact me for any of your real estate needs.
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3 Signs You Can't Afford to Buy a Home Despite Paused Interest Rates
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3 Signs You Can't Afford to Buy a Home Despite Paused Interest Rates This text discusses the importance of considering more than just the mortgage rate when thinking of buying a home. It provides three signs that one might not be able to afford a home, such as not having any emergency savings, only expecting a mortgage payment, and having significant debt already. It...

Equity Building: When you buy a home, you’re building equity with each mortgage payment. This is essentially a form of forced savings that can lead to a valuable asset over time. Stability and Predictability: Buying a house often provides more stability since you have control over your property. Renters can face rent increases or changes in landlords.
Tax Benefits: Homeownership can come with tax advantages, such as deductions on mortgage interest and property taxes.
Investment Potential: Over time, property values can increase, potentially leading to a profitable investment when you decide to sell.
Personalization: When you own a home, you can customize and decorate it to your liking without seeking permission.
Long-Term Savings: Paying a mortgage over time typically costs less than continually paying rent over the years.
Sense of Ownership: Owning a home can instill a sense of pride and belonging in a community. Remember, we are here for any of your real estate needs. Seti & Co/ Long and Foster 703-470-5535 SetiSells@ LNF.com 🔑🏠 ❤️

Look at a snapshot of real estate market. As always I am here for any of your real estate needs. 703-470-5535 [email protected] 🔑🏠 ❤️

Northern Virginia real estate market continues year-over-year improvement, but inventory still tight
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Northern Virginia real estate market continues year-over-year improvement, but inventory still tight In August 2023, the Northern Virginia Association of Realtors reported that home sales had decreased by 12.4% year-over-year, but this was an improvement from the 20% decrease seen in July. The median home sales price reached $700,000, an 11.6% increase from the previous year. With fewer home buying...

Mortgage rates linger above 7% for another week
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Mortgage rates linger above 7% for another week This week, US mortgage rates remained flat at 7%, where they have been for the past six weeks due to inflation pressure. The 30-year fixed-rate mortgage rate was 7.19%, a slight increase from the week before. The added cost of financing a mortgage and rising home prices have caused home affordabilit...