Chevy Chase, MD Real Estate News

By Gary Ditto
(Long & Foster Realtors)
8912 Spring Valley RoadChevy Chase, Maryland   Welcome to this wonderfully maintained and updated three bedroom, two and a half bath four level split located in Chevy Chase. Among its many features, please note the updated table space kitchen featuring granite countertops, tile flooring & backsplash, as well as a beautiful bay window with window seat overlooking the private back yard and gardens. Also note many updated double pane windows and a wonderful screened porch with solar screens. Enjoy both the daylight lower level family room and the spacious recreation room. Centrally located, you are near the area¹s schools, public transportation, the neighborhood swim/tennis facilities (CCRA) and much more!   Level One: Foyer • coat closet • pantry closet Living Room • 22'4" x 12'11" • upda...
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By Adriana Steel
(WC & AN Miller Realtors (A Long & Foster Co))
Hi Everyone, My Regional Manager just sent this out. Hang in there! Things are improving!  Please see below, which is an excerpt from the Mortgage Banking Assoc.’s daily newsletter.  Pending Sales of Homes Up 7.4 Percent, Highest in 13 Months Toledo Blade (OH) (10/09/08)The beleaguered housing market received a piece of sorely needed good news, as the National Association of Realtors reported an unexpected jump in pending home sales in August compared to July. The group's monthly index reading of 93.4--the highest number in more than a year--was up 7.4 percent from July and up 8.8 percent from August 2007. Pending sales, which refer to home contracts that have not yet closed, typically result in a sale one to two months later. The numbers were higher across the United States, with the ...
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 LENDER OWNED FORECLOSURE - CHEVY CHASE, MARYLAND It is rare to find an affordable home in Chevy Chase. The surge in foreclosures and the large inventory of lender owned foreclosures has created a different market.  So, this is your chance to move to the neighborhood of your choice. This home should qualify for FHA financing with a 3% cash requirement if you want attractive financing to go with the attractive price. Buyers need to have a pre-qualification letter to be submitted with any offer. Ask us for a referral if you have not selected a lender. We provide client reports on lender owned homes in Montgomery County and Frederick County, Maryland. Let us serve as you exclusive buyer agent and we will show you how to be a successful purchaser.  roykelley@mris.com   3224 PARK VIEW RD, CH...
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By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
       As many people already may know; The Government has agreed to bailout all troubled assets, within corporations on Wall St, mainly. This certainly affects us, both good and bad.      This most important thing to realize is, it was inevitable. This had to happen or our situations would be worst than that of the depression era.      Mortgage rates have gone down and will continue to drop a little more even, to stay somewhere just under 6%, for the time being.  This will help 'kickstart' the housing sector somewhat.      Regrettably, we are all left holding the bag, as taxpayers.  With, what some say to be, upwards of 1 Trillion dollars in deficit in 1 year; taxes will have to be raised. None of us are immune. Both the little guy and the big will be paying for this. Lets just hope it...
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By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
THERE HAS NEVER BEEN A BETTER TIME IN AMERICA TO BUY A HOME   You Can Quote Me On That!   To all Residents of Potomac, Bethesda and Chevy Chase:   If you have not already read my blog about now being the best time to buy, I hope you pay attention to this one.   I will make it short and sweet. In the areas that I have mentioned above; most of them are still seing HUGE PRICES INCREASES......AGAIN......HUGE PRICE INCREASES   And if I am not listing the home I won't tell. This will be are little secret.   Looks like we have recession proof zip codes mixed with a buyers market. I have developed a very unique Method to take advantage of this for all of my clients seeking to buy a home.  I can give you raw numbers such as the area code of 20817 & 20818 up almost 20% from last year and deliver...
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By Roy Kelley
(Realty Group Referrals)
 CHEVY CHASE REO PRICE REDUCED We mentioned this lender owned foreclosure in a previous blog.  The lender has reduced the price to $499,000.  It is a good time to submit a contract. Buyers do need to be pre-qualified for financing since a lender letter must be submitted with any offer. Check with us if you need a referral to a loan officer. We provide client reports on lender owned homes in Montgomery County and Frederick County, Maryland. roykelley@mris.com   8900 CONNECTICUT AVE, CHEVY CHASE, MD 20815     CHEVY CHASE - 3 BEDROOMS/3 BATHS - $499,900   PREVIOUS TRANSFER DATE AND PRICE: 18-Oct-2007  $772,000
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By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
Today Freddie Mac and Fannie May were taken over by the government. This is a milestone, in the current housing situation and hints at many more changes to come.  Namely, does this signify the bottom of the housing market? Many think so. Mortgages rates dropped almost a 1/2 percent today for home buyers. I think the most interesting questions in our area markets is; the upper echelons of the housing markets in the D.C. metro areas are doing quite fine. How will this affect our market? The government taking over these two firms will positively effect our market in a great way. There will be more money to lend and it will be easier to obtain a loan, for qualified buyers. If you are in the market to buy a home, or if you are considering to buy a home; seriously think about purchasing by th...
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CLICK HERE FOR MORE INFO4301 MILITARY RD NW #PH2WASHINGTON, DC 20015 MLS #: DC6441582$1,999,0002 Bedrooms, 2 Full, 1 Half BathroomsOne of a kind penthouse in PN Hoffman's trophy building. Luxury personified in a dramatic staircase to a loft space and huge terrace overlooking Friendship Heights. Gourmet kitchen with table space, expansive curved floor to ceiling windows. 2,675 sq ft of architectural digest living. Two parking spaces included in price. 24 hr concierge, fitness center & fab.club suite.Listed by Peter FortnerReal Estate Services CLICK HERE FOR MORE INFO8104 KERRY LNCHEVY CHASE, MD 20815 MLS #: MC6564557$1,899,9956 Bedrooms, 4 Full, 0 Half BathroomsSpectacular major renov in the highly desireable Hamlet by acclaimed THEO Builders showcases exceptional design & finishes.6 BDR...
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By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
The High End Home Markets Is Alive and Well in the Metro of DC The luxury Market of Real Estate is going strong in the Metropolitan areas of DC. This is great news considering the lackluster performance of the national real estate market. Looking at the chart below; I would like to highlight a couple of items: 1. Most transactions are being sold between the 1-30 day period, mostly with the use of conventional loans. 2. With this being said, in Montgomery county alone, there are 881 and homes on the market over a million dollars. This suggests that sellers are starting to recognize that now is an attractive time to sell a home. Prices have held firmly and buyers would like to get their foot in the door before interests rates get out of hand.   ANTHONY DASHTIZADEH 240.353.3163 : MOBILE RE...
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By Catarina Bannier, DC Real Estate The Smart And Fun Way
(Compass)
I'm sitting at my desk, talking on the phone and looking out of the window.  The large, pretty deer in the driveway is unimpressed by first a car, then a man with a dog who are passing by.  It barely looks up.  My weed-ridden lawn must be yummy, although I'm sure it's not the weeds the animal targets. After we moved from a more urban DC neighborhood out to Rock Creek Forest on the District line, the first thing our kids got excited about was the daily deer in our yard.  Visitors from the woods elegantly leaped over the fence and started munching on their favorite greens, no matter if someone was watching or not. They let us come shockingly close. As we have long learned now, there are downsides to the spectacle. My hostas bloom for only a day, several other plants regularly get chewed d...
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By Anthony Dashtizadeh, (Dash-T-Za-Day)
(Garcia Realty Group, Luxury Sales Group)
As you are well aware of by now, the real estate market has started to pick up by now. There are many reasons for this. Let me be clear by first saying: MANY INDICATORS ARE SUGGESTING THAT THE PRICES OF HOMES, AROUND THE COUNTRY, WILL DECREASE IN VALUYE. AGAIN, I THEY WILL DECREASE IN VALUE. PEOPLE HAVE TO BE CRAZY TO BUY A HOME THEY CAN GET FOR CHEAPER IN 6 MONTHS RIGHT? TRUTH BE TOLD, MORE OFTEN THAN NOT, THESE ARE THE CASES OF MOST CURRENT HOME BUYERS. WHY WOULD ANYONE BUY A HOME IN THIS SCENARIO? THERE IS ONLY ONE REASON I CAN THINK OF....TO SAVE MONEY!!! IF HOMES PRICES DROP AND INTEREST RATES INCREASE YOU WILL HAVE ALREADY BEEN TOO LATE TO TAKE ADVANTAGE OF THIS HOUSING CRISIS PRICES AND INTEREST RATES ARE EXTREMELY LOW. THIS WAS THE REASON PEOPLE STARTED TO BUY HOMES IN A FRENZY ...
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 REO PRICE REDUCTION IN CHEVY CHASE Mortgage lenders now have a surplus of lender owned foreclosures.  And, the lenders are taking steps to reduce the inventory by reducing the prices until the homes are sold.  It is a good time to be looking at REO properties. The previous owner purchased this property in 2007 for $772,000.  It is now priced at $514,900 for a quick sale. Prospective buyers need to be pre-approved for financing. Many families are using FHA financing for the low cash requirement and the ability to obtain funds for repairs and redecoration.  Please contact us for a referral to a loan officer.  We represent buyer clients as exclusive agents.                  8900 CONNECTICUT AVE, CHEVY CHASE, MD 20815     CHEVY CHASE - 3 BEDROOMS/3 BATHROOMS - $514,900     Tax Fiscal Year ...
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By James Downing
(Coldwell Banker Residential Brokerage)
Here is the breakdown for Chevy Chase : Zip Code 20815 as of January 31st, 2008 Chevy Chase, MD : Zip Code 20815Single Family:    Currently For Sale: 44          Average List Price: $596,451            Lowest List Price: $265,000          Highest List Price: $ 1,695,000   Average Days On Market: 137 Condos:             Currently For Sale: 57          Average List Price: $1,543,975                   Lowest List Price: $339,000          Highest List Price: $ 7,400,000    Average Days On Market: 130   Call James for all your Real Estate needs and questions; servicing Montgomery County and the rest of the Surrounding Washington DC area. RE/MAX Allegiance - Georgetown1720 Wisconsin Ave NWWashington DC 20007202-338-8900 Main OfficeLicensed in DC,MD,VA 
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By Kathleen Ryan
(Long and Foster Real Estate, Inc.)
Why is Curb Appeal So Critical to Sellers and Buyers?   Wasn't there a moment when you drove by an intriguing house, and you've wondered what the interior looked like? Now picture the same house with a rusty mailbox, overgrown hedges, and sea of dandelions waving above two weeks of lawn growth? Does your mind wonder now to what lies inside -- could the same house have a kitchen or bathrooms that needs updating? What if the same house, perhaps your house, was for sale?   Don't let the lack of curb appeal be a reason for a buyer to dismiss going inside! Remember the times, you drove up to a house with your own Realtor, only to decide to skip entering the property because of its exterior "condition"?   If you are selling, here are seven areas to spruce up:   1) Landscaping -  Take a look a...
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