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real estate contract in default

What is Default in Real Estate?

So what does it mean to be in default in a real estate contract? When you are in default, that means that you have not met you obligations per the contract. What happens when there is a contract in default? Potentially a buyer could l...

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Where Are People Moving Today and Why?

Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new ...

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Here’s What Dave Ramsey Got Wrong

I know a lot of folks swear by Dave Ramsey. I get it. Pay your debt, don’t overextend yourself, no credit card debt. Pretty basic stuff I agree with. But he also thinks you should pay off your mortgage. Completely. That’s where...

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Matt Cheney Market Update

Weekly Market Update: August 21, 2023

Market Update numbers are here. We are in a holding pattern. Properties are moving along but at a protracted volume from the Spring. As a rule, for the broader macro market inventory remains tight and favors sellers. We antici...

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Maryland’s Cabin John & Glen Echo

Today we are throwing it back to our Onsite video collection with episode 32: Cabin John & Glen Echo! On the edge of Bethesda in the Potomac Palisades are two enclaves that have their own zip codes. The Cabin John neighborhood and the ...

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What is a Contingency?

In real estate, we talk about in contracts there being contingencies. These are addendums or extra paperwork that we add to a sales contract that give the buyer the options to get out of the contract. The most common one would be a fi...

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Four Ways You Can Use Your Home Equity

If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, yo...

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Should You Buy a Home Now?

Thinking about buying a home but turned off by the interest rates right now? I do agree, 6% interest rates are not what we’re used to. But I think of my parents in the 1980’s with a 12.5% interest rate mortgage. They got the house...

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Matt Cheney Market Update

Weekly Market Update: August 14th, 2023

Market Update numbers are in. The market has settled into a new pace for this last month of the summer. Keep an eye out for new listings here and there as many of the other active buyers may be away at the beach and you sc...

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Arlington VA

Hey Arlington! Amazon Loves You!

Today we take a dive into our YouTube archives back to our Onsite episode 15…Arlington, VA! Hey Arlington! Amazon loves you! Fun fact. Arlington once was part of Washington DC and shares six bridges with the Capital. It is considere...

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With Matt Cheney
matt(dotted)cheney(at)compass(dotted)com 202.465.0707 DC BR600869
MD 582148
VA 0225101950