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

Agent Advice

Understanding The Importance Of Experience In A Realtor

Understanding the importance of experience in a realtor is crucial for anyone looking to buy or sell property. An experienced realtor brings invaluable knowledge of the market, negotiation skills, and a keen eye for detail, all of which can significantly impact the success of a transaction. Realtor expertise includes everything from understanding local market trends to ...

Agent Advice

Mastering The Art Of Online Listings: Selling Tips For Real Estate Agents

In today’s competitive real estate industry, mastering online listings is like wielding a secret weapon for agents. Crafting an attention-grabbing online listing isn’t just about slapping up a few photos and calling it a day. It’s about spinning a tale that makes potential buyers go, “I’ve got to see this place!” Detailed descriptions, ...

Homebuyer Tips

Historical Trends: A Look At The Evolution Of Real Estate Markets

How did the evolution of real estate begin? Which were its most (in)famous ups and downs? What will the future bring? The real estate market in the United States has a long and illustrious history. Over the decades, it has seen incredible changes. From the early colonial days to today's modern market, real estate has become indispensable to American life. Are you in ...

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....