DROdio "Q&A Blog"
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Tax Rates Revisited - A Glance at Fairfax Country, Virginia
The real property tax rate for Fairfax county is $0.92 per $100 of assessed value (remember, to calculate your taxes, you would take the assessed value, divide by $100, and multiply by the tax rate).
Fairfax, like many other counties, has additional tax districts, and the indicated levy is simply added to the base rate ($0.92 [...] -
Additional Tax Information for Arlington County, Virginia
As a follow up to a previous article referencing tax rates across counties in the DC metropolitan area, I wanted to elaborate on property taxes in Arlington County.
As previously stated, the tax rate for Arlington County is .838 (base rate) and totals .848 (including sanitation). Remember that these numbers represent the rate per $100 of [...] -
I keep hearing that I’ll pay less taxes if I own vs. rent. Is this real? How does it work?
This is an important FAQ! Most first-time home buyers don't understand how powerful the tax deductions can be from owning vs. renting. We'll try to clarify that here.
The very first thing you should do is read this article that explains the differences between buying & renting.
Now that you have the basics, here's the important thing [...] -
What do zoning codes mean in Alexandria?
Here's a PDF with zoning information for Alexandria city: DROdio - zoning information
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Alexandria city zoning map
Here is a zoning map of Alexandria city we recently came across: DROdio - Alexandria City Zoning Map
And also a picture here:Share This
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Do you really loan out a free GPS machine?
Yes, absolutely.
Here are the really easy steps to getting our GPS loaner:Talk to your DROdio agent and have them check the schedule to see if the unit is available on the days you want it (we loan the unit out for 3 days at a time). If you don't yet have a [...]
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Transfer tax rates
The information below is courtesy of Federal Title. You can find the complete page here.
Transfer Rates/Recordation Taxes for DC, VA & MD
DC
Purchase Transactions
DC Recordation is calculated using the purchase price.Transactions $399,999 and under are taxed at the rate of 1.1% of the purchase price. Example: $300,000 x 1.1% = $3,300. So the buyer and seller [...]
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How does the Homestead Deduction work?
Here is information on Maryland's homestead deduction:
http://www.dat.state.md.us/sdatweb/Homestead_app.htm
Virginia's homestead deduction has a limit of $5,000 in value. You can see what this site wrote about it:
For Virginia, the homestead exemption is limited to $5,000 in value. The exemption does not apply against taxes and debts for purchase or improvement of the homestead. If a husband and [...]
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Buying A Home
All About Home Financing & Loans (51 Q&A blogs)
Wondering how the lending process works? Wondering if you should pay any 'points'? Jump in for the answers.
All the questions you were afraid to ask (108 Q&A blogs)
If you're a first-time home buyer, indulge yourself with answers to all the questions you were afraid to ask!
Client Testimonials (18 Q&A blogs)
Read some glowing Testimonials from clients who have used our services to buy a home!
Contract Questions (21 Q&A blogs)
Contracts can be scary things! But after you read through this section, you should be much more comfortable with the process, and we're always just a phone call away!
Learn About the Area (31 Q&A blogs)
Curious to know about certain areas? Find your answers here. This is especially useful if you are buying from out of town.
Negotiation Techniques (13 Q&A blogs)
One of the things that makes DROdio agents so special is our strong emphasis on negotiation. Many Realtors (especially the "weekend warriors") aren't too good at negotiating you a stellar deal. We'll reveal some of our secrets here. If you're a Realtor from competing company and you're reading this section, you should be ashamed of yourself! Then again, maybe you really need the help, so read on...
REO Foreclosure Listing Q&A (4 Q&A blogs)
Our firm sells REO foreclosure properties from multiple banks. This section is dedicated to common questions & answers from both buyers and REALTORS representing buyers in these transactions.
Tax Questions (14 Q&A blogs)
Aaaaahhhhh, taxes. Our favorite. Here are tips & tricks to minimize your tax burden. Note: we are not CPA's, so these are just general observations from our experience. But *please* speak to your CPA to discuss your specific tax situation.
The Buying Process (66 Q&A blogs)
How exactly does the buying process work? What should you expect? Whether you're a first time home buyer or you've done it several times, you'll find plenty of gems of information squirreled away in this section.
Selling A Home
All the questions you were afraid to ask (23 Q&A blogs)
If this is the first time you've considered selling your home, you probably have lots of questions that you're afraid to ask. Fear not, your answers are here!
Client Testimonials (1 Q&A blogs)
Read some glowing Testimonials from clients who have used our services to sell a home!
Contract Questions (3 Q&A blogs)
This time we'll address contract questions from the seller's point of view. What makes a contract strong vs. weak? How do contingencies work, and which ones are dangerous? These questions and many more are answered in here, so come take a look!
The Selling Process (18 Q&A blogs)
When should you list your home? How do you price it right? How do you get maximum exposure? Find answers to life's questions here... well, at least when it comes to selling your home!
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