Arlington, VA

Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your Orange Line Specialists.”

Happy 5th of July! If you’re reading this, then you survived all the hoopla, fireworks and BBQs. Hope you had a great time!

Arlington’s real estate market today feels a lot like many of us… tired and just glad to be alive. It’s been a slow week with only 34 fresh new listings and 38 ratified contracts. Seems like everyone enjoyed their time off for the holiday.

Interest rates held steady at 3.875% for a 30-yr fixed rate. But this week lenders fees fluctuated significantly. When shopping for a loan, be sure to ask not only about the rate, but the points and various fees.

Also ask how long you can lock in your interest rate once you have a ratified contract, what’s the extra cost to extend a lock-in, and whether you can get a one-time drop down after locking in if interest rates go down before closing.

Buyers and sellers should also be aware of the increasing threat of cyber crime when wiring funds for closing. Don’t ever respond to instructions sent by email. Before wiring, always call your title company and confirm instructions by phone.

Cyber thieves can hack your emails, follow the traffic and persuasively mimic your agent or title company and give you instructions to wire funds to a different account, their account in some far off land. Be smart. Be careful. Verify before you wire.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

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