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About Me
 

As a realtor, my greatest satisfaction is meeting the goals of my clients, either when selling their homes or finding a new one.  I’ve learned through hundreds of successful purchase and sale transactions that each client has unique goals, and this explains why it’s so important to me to spend sufficient time “up front” with each client in order to ensure I understand their objectives.  

This up front time also gives me the opportunity to familiarize clients with current market conditions, financing options,  marketing programs, as well as suggestions to prepare their home for sale in order to ensure the maximum price is obtained.

I’ve always found that it makes good sense that clients have a full and thorough understanding of the price range where their home should sell.  This pricing is developed after exhaustive research to identify comparable recent sales within the local market.  It’s only after this process, including my recommendation,  that the client can best set an asking price for their property.    

While setting a sales price is the most important step in the sales process, I’ve found it also essential to stay closely involved in every step of the process including marketing, home inspection, financing and closing activities.  Such oversight ensures the sale is completed on a  timely basis from signing of the contract to closing.

I’m really excited about joining the team from Pearson Smith Realty , one of the fastest growing and most successful realty firms in Northern Virginia.   You can be confident that we will stand with you and protect your interest resulting in a successful outcome.   

I look forward to meeting and speaking with you regarding your real estate needs here in Northern Virginia.   

Sincerely, 

Art Wenk

P.S.  First Time Home Buyers...Ask me about how I can get you assistance with closing cost credits.

Testimonials

Art was fantastic to work with. Went above and beyond the call of duty in the selling of our home. Would work with him again in a heartbeat. He knows the area market extremely well. Kevin B.
Art got our house onto the internet right away. He answered all our questions and concerns quickly. Was very committed to selling our house and had several Open Houses to help with this processes. He's a real gentleman. Linda H.
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My Blog

Home Buying Myths Slayed [INFOGRAPHIC]

Home Buying Myths Slayed [INFOGRAPHIC] | Simplifying the Market

Home Buying Myths Slayed [INFOGRAPHIC] | Simplifying the Market

Some Highlights:

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!
  • The credit score requirements for mortgage approval continue to fall.
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Is Family Mortgage Debt Out of Control?

Is Family Mortgage Debt Out of Control? | Simplifying The Market

Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time.

These developments have caused concern that families might be reaching unsustainable levels of mortgage debt. Some are worried that we may be repeating a behavior that helped precipitate the housing crash ten years ago.

Today, we want to assure everyone that this is not the case. Here is a graph created from data released by the Federal Reserve Board which shows the Household Debt Service Ratio for mortgages as a percentage of disposable personal income. The ratio is the total quarterly required mortgage payments divided by total quarterly disposable personal income. In other words, the percentage of spendable income people are using to pay their mortgage.

Is Family Mortgage Debt Out of Control? | Simplifying The Market

Today’s ratio of 4.44% is nowhere near the ratio of 7.21% during the peak of the housing bubble and is instead at the lowest rate since 1980 (4.38%).

Bill McBride of Calculated Risk recently commented on the ratio:

“The Debt Service Ratio for mortgages is near the low for the last 38 years. This ratio increased rapidly during the housing bubble and continued to increase until 2007. With falling interest rates, and less mortgage debt, the mortgage ratio has declined significantly.”

Bottom Line

Many families paid a heavy price because of questionable practices that led to last decade’s housing crash. It seems the American people have learned a lesson and are not repeating that same behavior regarding their mortgage debt.

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agent photo
Art Wenk
Pearson Smith Realty

43777 Central Station Drive, Suite 390,
Ashburn, VA 20147
8315 Lee Highway, Suite 430
Merrifield VA 22116 
Phone: 703-424-3191
Email: artwenk@msn.com


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Contact Me

Direct: (703) 424-3191
Office: (571) 386-1075

Email: artwenk@msn.com
VA BRE License Number: 0225193875

Pearson Smith Realty
8315 Lee Hwy Ste 430, Merrifield VA 22116 







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