The JC Podcast
By Jordan Chronopoulos
The JC PodcastSep 26, 2022
Market Crashing!?
Addressing the 🐘 in the room.
Schedule a 1-on-1 consultation with me below.
https://calendly.com/chronoresidential
Till next time,
Jordan Chronopoulos
FED Rate Increase - What does this mean?
FED raises interest rates for the first time since 2018, what does this mean?
jordan@chronoresidential.com
240.477.9144
www.chronoresidential.com
January 2022 - How's the Market?
Median sold price in region was $539,450, a decrease of 0.9%
from January 2021; average days on market in January: 33 days
In the District, there were 565 closed sales in January (a 33.3% decrease from the previous
month), while the median sold price was $645,000, a 3% decrease from the previous month
and a 7.5% increase from January 2021.
In Montgomery County, the median sold price was $486,000, down 6.4% from December and
down 2.8% as compared to January 2021. There were 774 closed sales in January, a 38.1%
decrease from the previous month and 4.9% decrease from January 2021.
Average days on the market in January were 28 in Montgomery County and 40 in the District.
Hope this was helpful!
Jordan Chronopoulos | RLAH Real Estate
jordan@chronoresidential.com
New Construction - Should you use an Agent?
Today we are going over 5 reasons why you should use a Realtor to represent you for New Construction. Thanks for listening!
Jordan Chronopoulos
240.477.9144
jordan@chronoresidential.com
What does Debt-to-Income mean?
Today I am doing a quick run down of what DTI (Debt-to-income) means. It is important as a future home buyer to understand what factors are taken in consideration when getting approved for a loan. As always, consult with a lender to see what your options are.
Thanks for listening!
Jordan Chronopoulos
jordan@chronoresidetial.com
FHA vs Conventional vs VA | What's the Difference?
Today I am discussing the differences between FHA, Conventional & VA Loans.
FHA - minimum 3.5% down, PMI for life of loan, typically higher closing costs, lower credit/requirements
Conventional - minimum 3% down, PMI drops off at 20% loan to value, higher credit/income requirements
VA - 100% financing, no PMI, very competitive interest rates
Jordan Chronopoulos
jordan@chronoresidential.com
The costs of purchasing a home
In this episode I am going over the costs involved when purchasing a home. You have your down payment (GREAT), but what other costs should I plan for before I get the keys? Apologies on the audio, used my AirPods for this, my mic broke and a new one is en-route!
Feel free to send me a direct message if you have any more specific questions.
Jordan Chronopoulos
jordan@chronoresidential.com
240.477.9144
What does low inventory mean for you?
Today I am discussing the low inventory and what it means for you as a buyer or seller. I am predicting that inventory will start to jump later into the year when take in consideration of vaccines coming out, those sellers that were not comfortable to sell before may want to now, mortgage forbearance wears off, 900k + new construction homes being built in 2021.
Feel free to reach out if you have any questions specific for you.
Jordan Chronopoulos - DC MD VA REALTOR
jordan@chronoresidential.com
c: 240.477.9144
EMD
Earnest Money Deposit aka EMD. What is it? Who holds it? Where does it fit in my down payment and closing costs?
Find out!
Get your 🦆🦆🦆 in a row
Today I want to discuss getting your ducks in a row as a buyer. With inventory being the lowest it's ever been, I want to help paint the picture if you are a buyer looking now or later. If you have any questions that are specific for you, reach out to me as I am here to help.
Thanks,
Jordan
Jordan Chronopoulos | RLAH Real Estate | Licensed Realtor in DC, MD, VA
jordan@chronoresidential.com
c: 240.477.9144
Buying during a Pandemic
Scaling the Business - Thundershop
Today I am with Boa, CEO and founder of Thundershop, a top quality barber shop located in Gaithersburg. We talk about Boa scaling the business from doing free haircuts in his backyard to now just acquiring his first shop and plans for expansion. We also talk about how motivation is what gets you started, but discipline keeps you going, which is vital for any entrepreneur looking to start a business.
I learned a lot just speaking with Boa and I hope you were able to gain something from it too!
Thanks for listing!
JC
My information:
https://www.instagram.com/jchrono/
Boa's information:
The power of 3.5% down - FHA
Thanks for listening!
JC
Javier's information here: fhmtg.com/officers/javier-gonzalez/
My info:
Instagram: www.instagram.com/jchrono
email: jchrono@rlahre.com
cell: 240.477.9144