Contact details

10210 Greeenbelt Road Suite 120 , Lanham - MD 20706
Office: 1-240-462-4451

About Paula Somerville

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

Paula Somerville

Fairfax Realty Elite

Paula Somerville


 
 

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Real Estate Advice


 

Homebuyer Tips

Dollars And Sense: Invest In Your 401k Or Pay Off Your Home

Dollars And Sense: Invest In Your 401k Or Pay Off Your Home

Job security for many people is an important aspect, but it might be overlooked if you don’t consider the unexpected, which often leads to unemployment. Take, for example, the pandemic that hit us in 2020, that left many people without jobs, especially in the leisure and hospitality industries. Not only that but as many were concerned about keeping Covid-19 out ...

Agent Advice

Between Family And Real Estate: Finding Balance As An Agent

Between Family And Real Estate: Finding Balance As An Agent

It’s hard to understand the struggles and the demands of the real estate industry when you are outside of it. When was the last time you’ve been told that you are so lucky to have such a flexible schedule as a real estate agent? We both know that is an understatement because, in reality, finding balance in life while working as a real estate agent is more ...

Homebuyer Tips

Best Small Towns To Live In, North Carolina Edition

Best Small Towns To Live In, North Carolina Edition

There’s a lot to be said for living in a small town. While they may not have the glitz and glamour of metropolitan megacities, small towns have a lot of perks that may not be immediately apparent but are very attractive none theless. While there’s plenty to be said for living in a big city, (some prefer it) it isn’t for everyone.  If you’re ...

Homebuyer Tips

The Closing Day

The Closing Day

This is it. For the past weeks or months, every day has been at least partially spent thinking of, preparing for or planning this fateful day. You’ve laboured long and hard to make sure it comes without incident, and now all your hard work is finally going to pay off. What is this day, you ask? It’s closing day, baby. Now, there’s still a lot ...

Homebuyer Tips

Buying A Home In Clermont FL

Buying A Home In Clermont FL

So, you’re thinking of making the city of Clermont your new home. We get it; there are a lot of reasons why you might want to live here! With its beautiful weather, long list of attractions, gorgeous surroundings and exceptionally healthy job market, you’d be forgiven for thinking it’s about as close to being heaven on earth as we can get! But this ...

 

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. ...

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