Paula Somerville

Fairfax Realty Elite

Fair Housing and Equal Opportunity (FHEO)

Experienced Real Estate Agent licensed in D.C. and Maryland. With more than 10 years experience in the Real Estate Industry.

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10210 Greeenbelt Road Suite 120 , Lanham - MD 20706

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Real Estate Advice

Home Seller Tips

Tips On How To Save Money And Space While Renovating Your House

When it comes to home renovations, generally, there are two types of people: those who can’t wait to embark on the adventure of giving their home sweet home a makeover and those who dread the idea of going through this messy and sometimes nerve-wracking process. But when your outdated popcorn ceiling starts to crumble and break off, or your wallpaper starts ...

Home Seller Tips

Effective Home Staging: Tips And Tricks For A Quick Sale

If you’re in the market to sell a property, you might have heard about home staging. Staging a home to sell is a concept that will transform your humble abode into a more appealing place for potential buyers. Several aspects should be considered when you’re getting ready to say goodbye to your home sweet home for good. Of course, there’s the emotional ...

Home Seller Tips

Behind The Curtains: Exploring The Origins Of Homeowners Associations In The US

Have you ever stopped to think about who's behind the scenes, making sure our neighborhood stays awesome? That's where homeowners’ associations (HOAs) come in - the real MVPs you might not even notice! These non-profit entities are like the glue holding our community together, taking care of everything from fixing up the park to organizing block parties. With roots ...

Real Estate Glossary Terms

Decree

Decision rendered by a court of law. ...

Term Loan

Intermediate - to long-term collateralized loan granted to a business by a commercial bank, insurance company, or commercial finance company such as to finance the purchase of real estate. The loan is amortized over a fixed period. Loan requiring only interest payment until the last day of its ...

35 Percent Rule Of Thumb

Have you heard someone talking about a 35-percent rule of thumb and you nodded acknowledging but the truth is that you had NO idea what in the world a “35-percent rule of thumb” means?! We’ve all been there, my friend.The 35-percent rule of thumb is a calculation practice that len...

Late Payment

A payment made after the grace period stipulated in the note, usually 10-15 days....