Home Bidding Wars: What Are They Good For?

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War is a really strong word. The term “bidding war” suggests an open auction: thrilling and tension-building with occasional scuffles over artwork or farm implements, I’m sure. But unlike most residential real estate sales, this type of auction requires cash in-hand when the gavel comes down. If a home performs particularly well on the contract/offer […]

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In the News

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Washingtonian “When I started selling homes 22 years ago, I would read these remarks that start off by saying, ‘This three-bedroom has a stove,’ ” Faison says. “I’ve always hated that. I feel like it’s describing the Mona Lisa as a woman with two eyes, a nose, and a mouth.” Hill Now “If someone is […]

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Pitching Your Home with Tom Faison

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Did you see the new Acura? With the clean lines, sophisticated engineering, leather seats, and real wood trim? What I just heard was “clean” and “sophisticated,” not because I want to drive those two things, but because I want to be those two things. If I hear “hybrid,” I’ll be as green as Al Gore. […]

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Home-Buying Tips on Escalation Clauses

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Q. We put written offers on two homes after starting our search this summer. Each offer contained an escalation clause, and in both cases we discovered that the homes we bid on sold beneath the top price we were willing to pay, one by $20,000! At best, we feel like there was some sort of […]

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How to Cope with Water in Your Basement

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This is forecasted to be the rainiest month of the year. (Edit: July summary registered almost 10″ of rain in the DC area.) I get lots of calls from clients and friends asking for waterproofing company references because of moisture penetration in and around their basements. Moisture in a basement and the moldy walls and […]

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