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The DC area has three main parts -- Maryland, Virginia and the District of Columbia (called "The District") by locals.
There are big differences among the areas, and there are small, subtle differences too.
I grew up here, and have been an Associate Broker in Virginia, and in Maryland, and in the District for over 25 years.
So let me tell you a big difference, almost an unspoken secret, and then a little difference.
A big difference -- your home may grow in value, or decline in value, or recover it's value faster or slower during bad economic times, depending what you buy and what part of the area it is.In other words, you may make money :) or lose money :( on your home if you buy in one place rather than another place. Remember, it's location location location.
A little difference, maybe not so little but many people don't get the significance until you're into the process. In Maryland and in DC, most sellers have to make detailed disclosures to the buyers about the condition of the home. In Virginia, the disclosure in MUCH more limited, comparatively non-existent! Yet, northern Virginia is growing much faster than most parts of Maryland and DC.How can this be?
And here's something DC and Maryland and Virginia have in common: agents must disclose to you, in writing, who they represent. And this is important so be on the lookout for it -- this disclosure generally must be made to you in writing (not over the phone), at the first (not the second, not the third, the first) substantive real estate conversation they have with you. In some parts of the country, the home buyer is a customer. In the DC area, the homebuyer is a client. Is there a difference if you're a customer or a client? You bet there is!
Call Andy, or text, 703-627-1999 and I will explain this and more to you.
Download the Virginia form Useful information about real estate transactions HERE
Download the Virginia form Understanding the Virginia Residential Disclosure Act HERE
Download a sample Virginia property condition disclosure form HERE
Download a sample Virginia Agency disclosure form Exclusive Right to Represent Buyer HERE
This last form discloses that when working with you as a buyer, I represent you as a client, not a customer.
Yes, you can cancel it. No, it's not a trick. This form meets the Realtor's obligation to disclose representation
Watch Andy's story, why real estate in DC is so unique!
Andrew Norton's Virginia real estate license #0225 185778 is with RE/MAX Distinctive, 1307 Dolley Madison Blvd, McLean VA 22101.
Andrew Norton's Maryland real estate license #513496 and DC license #AB98368214 are with RE/MAX 2000, 11900 Parklawn Dr, #100, Rockville MD, 20852.
Each office is independently owned and operated. Equal Housing Opportunity.
Andy holds the At Home With Diversity certification from the National Association of Realtors.