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

Buying A Home In Bluffton SC

Buying A Home In Bluffton SC

Buying a home has always been one of the most important financial decisions we had to make as we worked our way up on the social ladder. It is a decision that is not taken lightly and for some people, it can be stressful, but exciting as well. The unique feeling you get when you reach the doorstep of your own home is unmatched and you get a genuine sense of ...

Homebuyer Tips

Living In Estero FL

Living In Estero FL

There are a lot of cities on Florida’s Gulf Coast. In the panhandle, the city of Pensacola is known for its historic air base, as well as being a surprisingly affordable place to live. Further down the coast, the city of Tampa has gained a reputation as one of Florida’s most attractive young metropolitan cities, experiencing rapid population growth in recent ...

Agent Advice

Tips For Realtors: Getting More Clients

Tips For Realtors: Getting More Clients

As a realtor, there are a lot of different areas of your job that you need to focus on to put food on the table. You need to know how to gauge a buyer’s interest, in order to ascertain how interested they are in your listing. You need to establish trust between you and your clients, so they know you’re worthy of their business. It’s also important to ...

Agent Advice

The Trust Shared Between A Real Estate Agent And Their Client

The Trust Shared Between A Real Estate Agent And Their Client

Buying or selling real estate is something most of us experience at some point in our lives. The process can be long and difficult sometimes but in the end a successful transaction is profoundly rewarding. Closing a transaction on a home for a first time home buyer will put a big smile on their face, knowing that they have achieved their dream of homeownership. Selling ...

Homebuyer Tips

Millennials: Good Or Bad For The Real Estate Market?

Millennials: Good Or Bad For The Real Estate Market?

Over the years, the landscape of the housing market has changed dramatically. As the older generation grows even older, a new group is coming into their own as the face of the housing market: millennials. These home buyers are faced with a new set of daunting challenges when it comes to buying a home, and realtors face an entirely different set of challenges when ...

 

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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