Real Estate News from Popular Virginia Cities

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Real Estate News from Popular Virginia Counties

By Ritu Desai, Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949
(Samson Properties)
Comments 2
Thinking about downsizing?Not sure if a 55+ community is a good fit for you? Today, I'm sharing the pros and the cons of 55+ communities to help you navigate through that decision. Downsizing in space doesn't mean you're downsizing your lifestyle as there are so many opportunities with 55+ communities in the Northern Virginia, Maryland, and Washington DC region.  
By Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA
(American Financial Network)
Comments 1
An agent, Susan, with whom I have frequently worked over the years, was helping a military couple buy a house. The clint's names are Brad and Dawn.  They had bid on three different houses and lost all three times because Brad insisted on bidding the list price, and not a nickel more. They were going up against 10-16 other bidders who went $20,000 to $45,000 above list price. After three rejected offers Braid said to Susan, "We talked it over, and we will just rent until the market settle down." Susan opened her laptop, logged into the Multiple Listing Service (MLS), programmed Brad and Dawn's wish list into a search with no limitation on price, and found zero houses for rent in Prince William County, Fairfax County, and Loudoun County. Susan explained that when a rental hous comes on th...
By Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA
(American Financial Network)
Comments 1
Down PaymentsOne of the most important questions in the pre-qualification process is the down payment.   The traditional down payment in the past has been 20% of the loan amount. First time homebuyers may not have 20% to put down, but that's okay because today, there are 10% down loans, 5% down loans, and 3% down loans.   The most popular low down payment loan is the good old FHA 3.5% down loan that is often called "the first-time buyer loan" even though you don't have to be a first-time buyer to get an FHA loan. The FHA loan is a government backed loan that has a lot of helpful features for borrowers. You can get an FHA loan from any licensed mortgage company. FHA loans are more lax in their qualifications, so it's easier for first-time buyers to qualify for an FHA loan.   Another gov...
By Robin Gauthier, I have the Key to your NextHome
(NextHome Tidewater Realty)
Comments 1
Fairfield Gardens are condos that were built in the early 1980s.  There are approximately 155 condos in this community.  They are 1254 square feet with 2 master bedrooms upstairs.  Fairfield Gardens is located on the corner of Lord Dunmore and Locke Lane.  It is in the Fairfield neighborhood.  Other nearby neighborhoods are Woods of Avalon and Arrowhead.  The children in this neighborhood attend Fairfield Elementary, Kempsville Middle, and Kempsville High.  There are currently no condos for sale in this neighborhood.  In the past 6 months the below condos have sold in Fairfield Gardens.I am eager to sell more homes in this neighborhood.   Contact me today if you are thinking of of buying or selling your home contact me today for a FREE no obligation market analysis to learn how much you...
By Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA
(American Financial Network)
Comments 0
Here is a quick video message with some charts about the state of the interest rates on home loans.  Call me if you have questions: 703-929-2274. Markita WoodsNMLS#169099American Financial NetworkBranch Manager and The Queen of Mortgages703-929-22743002 Old Bridge Road, Suite A, Woodbridge, VA  22192
By Mark Edwards, East West Realty
(East West Partners of VA, Hampton Roads, Virginia)
Comments 0
Sasser Construction's Hemlock Falls House PlanIn 1993, Sasser Construction participated in the East West Partner's Parade of Homes in Gatling Pointe South. Sasser built the Druid Hill's Manor Home- a house plan designed by Stephen Fuller, Inc., a Southern Living home designer for over three decades. Lil Petrusnek, the Southern Living House Plans magazine editor at the time, recommended to Eric Sasser that they become part of their Southern Living Custom Home Builder Program, and Sasser Construction has been a member ever since. Part of the requirements of being in this exclusive group is not only the ability to build a highly detailed custom home with the highest of quality materials, but the builder must have a proven track record of providing a high level of customer service, provide...
By Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA
(American Financial Network)
Comments 0
Moving to the Washington DC area? What's happening in the real estate market. I'll get to the point now: it's a seller's market in the Washington DC (DC) area. That means there are more buyers ready to buy than sellers ready to sell. You will have fewer houses from which to choose, and that frequently leads to bidding wars, with buyers offering $10,000, $20,000, even $50,000 above the list price to be the highest bidder. A lot of home shoppers are turning to new homes, because new home builders have inventory to sell. That's the good news; the not so good news is that builders have a backlog of homes waiting to be built. Most of the builders are telling customers that their house will begin construction in October for contracts written now, in May, 2021, and finish the end of December, ...
By Tamara Inzunza, Close-In Alexandria and Arlington Living
(Realty One Group Capital)
Comments 1
Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical.1 A newly independent adult can find freedom and flexibility in even a tiny apartment. That same space, to a growing family, would feel stifling. For empty nesters, a large home with several unused bedrooms can become impractical to heat and clean. It’s no surprise that life transitions often trigger a home purchase. While your home-buying journey may not look like your neighbor’s or friend’s, broad trends can help you understand what to keep in mind as you house hunt. No one wants to regret their home purchase, and taking the time now to think about exactly what you need can save a lot of heartache later. The Ne...
By Pete Blondin
(ERA Teachers Inc)
Comments 0
Link to Reston’s Million $ Plus Homes – 1 May 2021 …Based on BrightMLS data, there’s about 40 homes currently for sale or already sold in Reston over the past couple years.  Here’s an opportunity to take a peek at these very special homes … http://bit.ly/RestonsBest ... To see just currently available homes in Reston ... visit www.Reston-Area.com/forsale.htm
By Pete Blondin
(ERA Teachers Inc)
Comments 0
Homes Near Ashburn’s Silver Line Metro Station – 1 May 2021 … Metro’s Silver Line’s Phase 2 extending to and northwest of Dulles Airport is currently planned for early 2022.  There are a number of homes (of all types) located within walking distance of the new and planned Silver Line station (w/i a radius of 1 mile) currently available for sale.  If you've been considering buying near a Metro Station, this might be the moment. Like to see currently available homes near the Silver Line Stations ... Visit New Metro Silver Line Station Homes .  Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
Homes Near Tyson’s Corners’ Silver Line Metro Stations – 1 May 2021Metro’s Silver Line’s Phase 2 extending to Dulles Airport is currently planned for early 2022.  There are a number of homes (of all types) located within walking distance of the new and planned Silver Line stations (w/i a radius of 1 mile) currently available for sale. If you've been considering buying near a Metro Station, this might be the moment. Like to see currently available homes near the Silver Line Stations ... Visit New Metro Silver Line Station Homes … Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
By Pete Blondin
(ERA Teachers Inc)
Comments 0
Homes Near Herndon’s Silver Line Metro Stations – 1 May 2021 …Metro’s Silver Line’s Phase 2 extending to Dulles Airport is currently planned for early 2022.  Parking for the Herndon Station has already been expanded. There are a number of homes (of all types) located within walking distance of the new and planned Silver Line stations (w/i a radius of 1 mile) currently available for sale. If you've been considering buying near a Metro Station, this might be the moment. Like to see currently available homes near the Silver Line Stations ... Visit New Metro Silver Line Station Homes . Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
By Pete Blondin
(ERA Teachers Inc)
Comments 0
Homes Near Reston’s Silver Line Metro Stations – 1 May 2021 …Metro’s Silver Line’s Phase 2 extending to Dulles Airport is currently planned for early 2022.  There are a number of homes (of all types) located within walking distance of the new and planned Silver Line stations (w/i a radius of 1 mile) currently available for sale. If you've been considering buying near a Metro Station, this might be the moment. Like to see currently available homes near the Silver Line Stations ... Visit New Metro Silver Line Station Homes .  Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
Sugarland Run Homes worth a look as of 1 May 2021 …Are you looking for a Townhome priced below $350k or a Single Family Home that you could buy for less than $450k? If so … You ought to give the Sugarland Run community in Sterling Virginia a serious look. Here's a link to information on available homes in Sugarland Run visit … http://www.sugarlandrun.com/available-homes ...  Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
By Pete Blondin
(ERA Teachers Inc)
Comments 0
Reston Virginia Reston Town Center Home Sales as of 1 May 2021 …The inventory of homes for sale in Reston's Town Center area was about 43 homes active on the market as of 1 May 2021. The available homes run the full spectrum of condos through townhomes from almost new to about 20 years in age. Prices ranged from a low of about $250k to the $2 million neighborhood ... Visit Available Homes at http://www.restontowncenter-homes.com/forsale.htm  to view currently available homes in Reston’s Town Center.  Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
By Pete Blondin
(ERA Teachers Inc)
Comments 0
Reston Virginia Lakefront Home Sales as of 1 May 2021 …The inventory of Lakefront Community homes for sale in Reston was 6 homes active on the market as of 1 May 2021.  Direct Lakefront homes typically sell off at a faster rate than other homes in the Reston area. If you'd like to live on one of Reston's lakes ... This might be to moment to come out of for a look. Visit Available Homes at http://www.reston-lakefront.com/forsale.htm  to view currently available Lakefront Homes in Reston Virginia.  Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
By Pete Blondin
(ERA Teachers Inc)
Comments 0
Herndon Virginia Condo Sales as of 1 May 2021 …The inventory of Condos for sale in Herndon was 24 homes active on the market as of 1 May 2021. There are quite a few new townhomes under condominium ownership available in Herndon’s two Zip Codes.  If you've been hanging back, this might be the moment to re-start your shopping.  Visit Available Herndon Homes at http://www.reston-condos.com/forsale.htm to view currently available condos.  Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
By Pete Blondin
(ERA Teachers Inc)
Comments 0
Reston Virginia Condo Sales as of 1 May 2021 …The inventory of Condos for sale in Reston was about 53 homes active on the market as of 1 May 2021 with new contracts running at about 54 in the last month. Consequently, the absorption rate for these homes is about 1 month's worth on the market. If you've been hanging back, this might be the moment to re-start your shopping. Visit Available Homes at www.Reston-Condos.com/ to view currently available condos in Reston Virginia.  Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
By Pete Blondin
(ERA Teachers Inc)
Comments 0
Reston Virginia Townhome Sales as of 1 May 2021 …The inventory of townhomes for sale in Reston was 18 homes active on the market as of 1 May 2021 with new contracts running about 60 in the last month. Consequently, the absorption rate for these homes is less than 1 month's worth on the market. If you've been considering buying a home, this might be the moment. Like to see currently available townhomes in Reston … http://reston-townhomes.com/available-homes.  Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
By Pete Blondin
(ERA Teachers Inc)
Comments 0
Reston Virginia Single Family (Detached) Sales as of 1 May 2021The inventory of single family detached homes for sale in Reston was 7 homes active on the market as of 1 May 2021 with new contracts running about 20 in the last month. Consequently, the absorption rate for these homes is less than 1 month's worth on the market.  If you've been considering buying a single family, this might be the moment. Like to see currently available Single Family homes in Reston ... visit http://www.reston-area.com/forsale.htm . Or, if you’d like give our new Website www.PetesMyRealtor.com a visit.
By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
Comments 8
Taking Fluffing to a Whole New LevelExactly how would you go about describing a jetted soaking tub with jets plugged up with chaulk?  It would likely be an explanation of why the jets were filled with chaulk and an explanation that the tub was being sold as-is.  This, of course, if you couldn't get the seller the replace or repair the tub in the $600,000+ home.Imagine my surprise when I listing I had interviewed for, but not landed,  hired an agent who did in fact list the tub as-is to buyer agents, but not to buyers.  In buyer remarks, the tub was remarked as "sumptuous."  I don't know about you, but the word sumptuous evokes nothing I would get from the local hardware store for utilitarian purposes...especially not CHAULK that is stopping a leak.  And in yet another story of over play...
By Ritu Desai, Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949
(Samson Properties)
Comments 1
The real estate market is RED HOT and many of the home sellers are on the fence about selling their home. 💰Worried about how much it's ACTUALLY going to cost you to your sell home?💰To help you add much inventory in the Northern Virginia, Maryland and Washington DC housing market here is the 5 charges as a home seller you will be paid when selling a home.    
By Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA
(American Financial Network)
Comments 0
Working from home is fueling the current real estate market. There are other factors that are driving the volume of home sales, but we will stick with working from home in this post. The COVID-19 pandemic has millions of office workers working from home. Some companies have already announced that they will divest themselves from the expense of office space, and continue with work from home as the new normal. School closures have sent millions of children home for remote learning through online classes, and parents supplementing teachers to keep the children's education on track.  Houses were plenty spacious before the pandemic, but with mom and dad taking over portions of the house for office space, and kids requiring dedicated classroom space, folks are discovering that their homes are...
By Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA
(American Financial Network)
Comments 0
As of April 27, 2012, interest rates on a conventional, 20% down, 30-year mortgage are in the 3.4% range, and headed down to 3.2% by the middle of May. It's only been a few months since rates were bottomed out at 2.75% on a conventional loan (2.25% on government backed loans by FHA and VA). The difference between 3.2% and 2.70% on a $500,000 conventional loan is $121.12. ($500,000 at 3.2% = $2,162.33. $500,000 at 2.75% = $2,014.21 with an APR of 3.2% and 2.75%). You probably spend more on coffee at Starbucks than $121.12 each month. We're not talking about a catastrophic difference in payment.Danielle Hale, Chief Economist at realtor.com, explains:mortgage rates slid for a second week … but we don't expect rates to stay at this level for too long.Hale continues to say:For sellers, getti...

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