The Murphy Group

The Murphy Group Helping clients successfully buy and sell real estate in Northern Virginia since 1985.

THE MURPHY GROUP - Northern Virginia top producing real estate team. With 50 years combined experience, we help people buy and sell homes in all price ranges – including the finest estates, waterfront, golf communities, new construction, town homes, condominiums and investment properties.

FOUR REASONS TO CONSIDER BUYING A HOUSE THIS SUMMER -1. Prices Will Continue to RiseCoreLogic’s latest U.S. Home Price...
06/03/2019

FOUR REASONS TO CONSIDER BUYING A HOUSE THIS SUMMER -

1. Prices Will Continue to Rise
CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

Home values will continue to appreciate. Waiting may no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage have started to level off around 4.3%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage
Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move On with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.

Bottom Line
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Contact Paddy Murphy and Nicole Murphy, The Murphy Group - 571-385-8358/55

HAPPY MEMORIAL DAY WEEKEND -In honor of all the veterans, active duty and the families who have sacrificed their loved o...
05/24/2019

HAPPY MEMORIAL DAY WEEKEND -
In honor of all the veterans, active duty and the families who have sacrificed their loved ones, to protect us.

Now that the real estate market has recovered, so has the belief of the American people in the stability of housing as a...
05/23/2019

Now that the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.

Outrageous!
05/23/2019

Outrageous!

Reston National Golf Course has reportedly been sold to developers in Baltimore, raising concerns among locals to preven...
05/21/2019

Reston National Golf Course has reportedly been sold to developers in Baltimore, raising concerns among locals to prevent the courses from possibly being turned into housing.

READY TO BEGIN THE SEARCH FOR YOUR DREAM HOME?  Here are 6 tips - 1. Get Pre-Approved for a Mortgage Before You Start Yo...
05/20/2019

READY TO BEGIN THE SEARCH FOR YOUR DREAM HOME? Here are 6 tips -
1. Get Pre-Approved for a Mortgage Before You Start Your Search
2. Know the Difference Between Your ‘Must-Haves’ and ‘Would-Like-To-Haves’
3. Research and Choose a Neighborhood You Want to Live In
4. Pick a House Style You Love and Stick to It
5. Document Your Home Visits
6. Contact Paddy Murphy and Nicole Murphy 571-385-8358/55

Why are you waiting to buy? Interest rates are very appealing!  Paddy Murphy and Nicole Murphy are ready to help you fin...
05/20/2019
Mortgage rates head down for the third week in a row

Why are you waiting to buy? Interest rates are very appealing! Paddy Murphy and Nicole Murphy are ready to help you find the ideal property. 571-385-8358/55

The 30-year fixed-rate average falls for the third week in a row to 4.07 percent.

WHAT IS REALLY HAPPENING WITH HOME PRICES THIS YEAR? The 2019 1st Quarter survey raised the appreciation projection for ...
05/16/2019

WHAT IS REALLY HAPPENING WITH HOME PRICES THIS YEAR?

The 2019 1st Quarter survey raised the appreciation projection for this year to 4.3%.

Price appreciation has slowed over the past year. However, a strong economy and a good housing market have many experts thinking that home values might re-accelerate moderately throughout the rest of this year.
Contact Paddy Murphy and Nicole Murphy
For a FREE Home Valuation
571-385-8358/55

To all the wonderful mothers out there - “The influence of a mother in the lives of her children is beyond calculation...
05/12/2019

To all the wonderful mothers out there -

“The influence of a mother in the lives of her children is beyond calculation.” —James E. Faust

Warmest Wishes

BENEFITS OF A 20% DOWN PAYMENT -If you are in the market to buy a home this year, you may be confused about how much mon...
05/08/2019

BENEFITS OF A 20% DOWN PAYMENT -
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage.

The truth is that there are many programs available that let you put down as little as 3%. Those who have served our country could qualify for a Veterans Affairs Home Loan (VA) without needing a down payment.

These programs have cut the savings time that many families would need to compile a large down payment from five or more years down to a year or two. This allows them to start building family wealth sooner.

So then, why do so many people believe that they need a 20% down payment to buy a home? There has to be a reason! Today, we want to talk about four reasons why putting 20% down is a good plan, if you can afford it.

1. Your interest rate will be lower.
Putting down a 20% down payment vs. a 3-5% down payment shows your lender/bank that you are more financially stable, thus a good credit risk. The more confident your bank is in your credit score and your ability to pay your loan, the lower the rate they will be willing to give you.

2. You’ll end up paying less for your home.
The bigger your down payment, the lower your loan amount will be for your mortgage. If you are able to pay 20% of the cost of your new home at the start of the transaction, you will only pay interest on the remaining 80%. If you put down a 5% down payment, the extra 15% on your loan will accrue interest and end up costing you more in the long run!

3. Your offer will stand out in a competitive market!
In a market where many buyers are competing for the same home, sellers like to see offers come in with 20% or larger down payments. The seller gains the same confidence that the bank did above. You are seen as a stronger buyer whose financing is more likely to be approved. Therefore, the deal will be more likely to go through!

4. You won’t have to pay Private Mortgage Insurance (PMI)
Simply put, PMI is “an insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.”

As we mentioned earlier, when you put down less than 20% to buy a home, your lender/bank will see your loan as having more risk. PMI helps them recover their investment in you if you are unable to pay your loan. This insurance is not required if you are able to put down 20% or more.

Many times, home sellers looking to move up to a larger or more expensive home are able to take the equity they earn from the sale of their house to put down 20% on their next home.

If you are looking to buy your first home, you will have to weigh the benefits of saving a 20% down payment vs. the time and cost of continuing to rent while you save that amount.

DON’T LET YOUR HOME SIT UNSOLD! Staging sells your home Faster and for More Money. We work with excellent stagers, we ...
05/01/2019

DON’T LET YOUR HOME SIT UNSOLD! Staging sells your home Faster and for More Money. We work with excellent stagers, we will refer you to.

U.S. News Best High Schools 2019: Reston School Makes ListThe highest-ranked Virginia school on the list was Thomas Jeff...
05/01/2019

U.S. News Best High Schools 2019: Reston School Makes List
The highest-ranked Virginia school on the list was Thomas Jefferson High School for Science and Technology in Alexandria.

South Lakes High was ranked the 39th best high school in Virginia (out of hundreds of schools) and No. 1,340 nationwide with an overall score of 92.23 out of 100.

HOW LONG WILL IT TAKE YOU TO SAVE FOR A DOWNPAYMENT FOR A HOME? Whether you have just begun to save for a down payment o...
04/29/2019

HOW LONG WILL IT TAKE YOU TO SAVE FOR A DOWNPAYMENT FOR A HOME?

Whether you have just begun to save for a down payment or have been saving for years, you may be closer to your dream home than you think! Meet with Paddy Murphy and Nicole Murphyl who can help you evaluate your ability to buy today.
571-385-8358/55

Some Highlights: Looking good! Existing Home Sales slowed to an annual pace of 5.21 million home sales in March.Low inve...
04/26/2019

Some Highlights: Looking good!
Existing Home Sales slowed to an annual pace of 5.21 million home sales in March.
Low inventory levels are still impacting home sales! The current month’s supply of homes for sale is 3.9-months.
Median home prices were up 3.8% over last March at $259,400. This marked the 85th consecutive month with year-over-year price gains.

What colors to choose when painting your home
04/24/2019
Choosing the Colors for Your Home

What colors to choose when painting your home

Many people find choosing the right color scheme to be the most overwhelming part of their home decoration process. After all, you have to consider furniture, doors, drapes, and other items before you pick any color. But it doesn't have to be all that difficult, a few simple rules can see through it...

SENIORS WANTING TO RETIRE IN THE AREA THEY LIVEIf you are one of the many seniors who desires to retire in the same area...
04/24/2019

SENIORS WANTING TO RETIRE IN THE AREA THEY LIVE
If you are one of the many seniors who desires to retire in the same area you’ve always lived, you’re not alone. Will your current house fit your needs throughout retirement? If you have any questions about demand for your house, meet with Paddy Murphy and Nicole Murphy 571-395-8358/55 We can show you the opportunities available today!

The Murphy Group wishes you a Happy Easter
04/21/2019

The Murphy Group wishes you a Happy Easter

04/20/2019
Loudoun County Government

Why people are choosing Loudoun County ... call Paddy Murphy and Nicole Murphy. We have sold hundreds of homes in Loudoun

#Loudoun County will be featured in a national television program that reaches more than 50 million households in the United States. Details here: http://bit.ly/2P3ID0m

YOUR HOME’S SPRING MAINTENANCE CHECKLIST -Every spring, your home needs some extra TLC!Whether you plan on selling you...
04/13/2019

YOUR HOME’S SPRING MAINTENANCE CHECKLIST -
Every spring, your home needs some extra TLC!
Whether you plan on selling your home this spring or not, conducting this maintenance will help ensure your home functions well for the rest of the year.
Call The Murphy Group , Paddy Murphy and Nicole Murphy for recommendations to outstanding vendors

HOME BUYER DEMAND WILL BE STRONG Are you one of the millions of RENTERS who are ready and willing to buy a home? Millenn...
04/12/2019

HOME BUYER DEMAND WILL BE STRONG

Are you one of the millions of RENTERS who are ready and willing to buy a home?
Millennials who currently rent are determined to buy a home! Seventy-three percent of those surveyed by Pulsenomics plan to buy a home in the next five years, with 40% planning to do so within the next two years!

Let us make your American Dream come true. Call Paddy Murphy or @ Nicole Murphy at 571-385-8358/ 55

SLAYING HOME BUYING MYTHS - Some Highlights:The average down payment for first-time homebuyers is only 6%!Mortgage inter...
04/12/2019

SLAYING HOME BUYING MYTHS -
Some Highlights:
The average down payment for first-time homebuyers is only 6%!
Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate!
88% of property managers raised their rents in the last 12 months!
The average credit score on approved loans continues to fall across many loan types!
Contact Paddy Murphy and Nicole Murphy
571-385-8358/571-385-3855

Don’t wait to sell! Do so before all the other sellers put their homes on the market this summer! Contact Paddy Murphy...
04/11/2019
Don’t Wait to Sell Your House! Buyers Are Out Now

Don’t wait to sell! Do so before all the other sellers put their homes on the market this summer! Contact Paddy Murphy and Nicole Murphy

Recently released data from the National Association of Realtors (NAR) suggests that a now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high.

UNDER CONTRACT in the 1st week!  Thinking of selling?  Let The Murphy Group guide you through the process to get you TOP...
04/08/2019
44065 RISING SUN TER, ASHBURN, VA 20147

UNDER CONTRACT in the 1st week! Thinking of selling? Let The Murphy Group guide you through the process to get you TOP dollar for your home! Give us a call and let’s get started! 571-385-8355

3 beds, 4 baths, 2,218 sq ft - Condo/Townhouse/Co-Op Offered at: $487,500

OPEN SUNDAY 1-4pm!  Fully updated garage Townhome overlooking 2 lakes in Ashburn Village!!  Granite kitchen w/SS applian...
03/30/2019
44065 RISING SUN TER, ASHBURN, VA 20147

OPEN SUNDAY 1-4pm! Fully updated garage Townhome overlooking 2 lakes in Ashburn Village!! Granite kitchen w/SS appliances & subway tile accents. Fabulous Family Room/Living Room with built-ins & Gas FP overlooking the lakes! Lovely Master Suite w/upgraded bath. 2 additional bedrooms w/ stunning hall bath. Large inviting lower level rec room with french doors leading to private gym or office overlooking garden / lake views! New Windows! New Roof! New HVAC! New H20 heater! New flagstone patio! and so much more!

3 beds, 4 baths, 2,218 sq ft - Condo/Townhouse/Co-Op Offered at: $487,500

It is time for optimism in the real estate market. Call Paddy Murphy and Nicole Murphy 571-385-8358 /55
03/29/2019
Spring Kicks Off with Surge of Existing Home Sales

It is time for optimism in the real estate market. Call Paddy Murphy and Nicole Murphy 571-385-8358 /55

As Spring blooms across the United States, investors are enjoying the season’s start with a swell of existing home sales.

If you are thinking of buying a home, you may not know where to start.Here is a simple list of 10 steps that you will go...
03/29/2019

If you are thinking of buying a home, you may not know where to start.
Here is a simple list of 10 steps that you will go through to purchase a home.
Make sure to ask your agent for details about each step and what else may be required in your area Paddy Murphy and Nicole Murphy 571-385-8358/571-385-3855

Contact Paddy Murphy and Nicole Murphy571-385-8358/55 and let us help you take advantage of these opportunistic times!
03/28/2019

Contact Paddy Murphy and Nicole Murphy
571-385-8358/55 and let us help you take advantage of these opportunistic times!

Nationional Harbor - Congratulations on your anniversary in your beautiful home! Paddy Murphy Nicole Murphy 571-385-8358...
03/24/2019

Nationional Harbor - Congratulations on your anniversary in your beautiful home!
Paddy Murphy Nicole Murphy 571-385-8358/55

Did you know The Murphy Group is licensed in VA & MD?  Considering a move this year?  Ready to downsize but don't know w...
02/25/2019

Did you know The Murphy Group is licensed in VA & MD? Considering a move this year? Ready to downsize but don't know where to start? Curious about an Investment property? Interested in flipping homes? New Construction? We'd love to hear from you! Text us today and lets get started! 571-385-8355

Urban living in Loudun
02/15/2019
New Homes at One Loudoun

Urban living in Loudun

Live minutes from the heart of Loudoun’s New Downtown in one of our exceptional new single family homes by Miller & Smith.

Securing a loan - Why choose FIXED RATE
02/09/2019

Securing a loan - Why choose FIXED RATE

When it comes time to choose a financing solution for your home, a fixed-rate mortgage is a popular choice. Depending on your unique financial background, its many benefits may make it a perfect fit. In our latest post, we discuss how a fixed-rate mortgage works, and whether this is the right solution for you. http://bit.ly/2GbpFCD

Are you looking for a new place to call home? Let us help you find one you can LOVE. Paddy Murphy and Nicole Murphy 571-...
02/05/2019

Are you looking for a new place to call home? Let us help you find one you can LOVE. Paddy Murphy and Nicole Murphy 571-385-8358/55

Thinking about buying a house? What is your CREDIT like? Have a conversation with Phil Denfeld, First Heritage Mortgage....
02/04/2019

Thinking about buying a house? What is your CREDIT like? Have a conversation with Phil Denfeld, First Heritage Mortgage. He has been serving our clients for years.
Paddy Murphy and Nicole Murphy 571-385-8358/55 Reston 2-Day

When you decide to buy a home, your credit will become a major factor in your ability to qualify for a loan. You may even have concerns about your credit history. Fortunately, there are ways to improve it. Here's what you need to know. http://bit.ly/2TxGYBx

It is time to Sell your house! Contact us to see how much your house is worth 571-385-8358/55
01/29/2019
The #1 Reason to Not Wait Until Spring to Sell Your House

It is time to Sell your house! Contact us to see how much your house is worth 571-385-8358/55

Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition!

Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one anot...
01/24/2019

Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!
Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
Perhaps the time has come for you and your family to move on and start living the life you desire. Call us Paddy Murphy, Nicole Murphy 571-385888358/55

2019 home design trends. Paddy Murphy, Nicole Murphy The Murphy Group 571-385-8358/55 Call us for referrals to great ven...
01/16/2019
10 home design trends to watch for in 2019

2019 home design trends. Paddy Murphy, Nicole Murphy The Murphy Group 571-385-8358/55 Call us for referrals to great vendors.

As 2018 comes to a close, home design experts already have some predictions for the new year.

Happy 2019 to our incredible clients! We thank you for your continued support of our business and the wonderful referral...
01/01/2019

Happy 2019 to our incredible clients! We thank you for your continued support of our business and the wonderful referrals you send to us. We are always ready to assist you and friends with your real estate needs. Experience you can trust. Paddy Murphy, Nicole Murphy 571-385-8358/55

We wish our family, and friends across the globe and our incredible clients a very Merry Christmas. The Murphy FamilyPad...
12/24/2018

We wish our family, and friends across the globe and our incredible clients a very Merry Christmas. The Murphy Family
Paddy Murphy, Nicole Murphy

Thinking about selling your house in 2019? NOW is the time to give us a call to make sure you are ready to hit the Sprin...
12/17/2018

Thinking about selling your house in 2019? NOW is the time to give us a call to make sure you are ready to hit the Spring market!
Paddy Murphy, Nicole Murphy 571-385-8358/55

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774 Walker Rd
Great Falls, VA
22066

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