All About Virginia Real Estate

By Dana Hollish Hill, REALTOR * Broker * Coach
(Hollish Hill Group, JPAR Stellar Living)
This beautifully maintained Falls Church home went live Thursday and went Under Contract on Tuesday. My team of agents at JPAR Stellar Living did an excellent job getting this home ready, staged, photographed, marketed and SOLD.   Although this is a seller's market due to the incredibly low inventory of homes for sale, this week we saw a lot more listings hit the market. Buyers had choices.  Each spring the National Capital Area has a period of low inventory so what we're seeing is not unusual. However, this year it seemed longer. I suspect some of the delay had to do with concerns about showing their homes while their kids were home in virtual school. Let's hope that as school ends for the summer, more homes come on the market,  If you are thinking about selling your home in the DC Met...
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By Dana Hollish Hill, REALTOR * Broker * Coach
(Hollish Hill Group, JPAR Stellar Living)
Curious about the real estate market and what is happening in Virginia? This video by Virginia REALTORS gives you an overview of the Market in April of 2021. You may be hearing a lot in the news about the low inventory and multiple offers, but it's important to focus on the facts rather than anecdotal information.  If you are interested in information about specific citites or neighborhoods, give me a call at 202-271-5301.
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By Robin Gauthier, I have the Key to your NextHome
(NextHome Tidewater Realty)
Etheridge Lakes is located in the Hickory area of Chesapeake.  It is comprised of approximately 450 single family homes that was built in the 2000s.  Most of the homes are over 2400 square feet and are 2 stories.  It is located off of Centerville Turnpike and Etheridge Manor Blvd.  Etheridge Woods and Etheridge Manor are nearby communities.  The children in this neighborhood attend Butts Road Primary/Intermediate, Hickory Middle, and Hickory High.  The 3 homes below are currently for sale in Etheridge Lakes.  Don't hesitate to reach out if you have any questions or would like to schedule a showing. $565,000 709 Sarasota Arch Chesapeake, Virginia 23322 Acres: 0.33Space: 3514Beds: 6Baths: 3   $514,900 1300 Strayhan Way Chesapeake, Virginia 23322 Space: 3207Beds: 5Baths: 3   $498,500 900 M...
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By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Who is on title and why it matters is sometimes over looked. Facts:Husband and wife married 16 years ago. About five years in the marriage they bought a house. In March of 2017, they divorce. Husband remained living in the house, they both are on title to the house, and both remained on the mortgage. The property deed states that  the property is owned by "right of survivorship", and the the divorce decree did not address any specific terms regarding the house other than title vesting remains in place until further agreement.  In 2018 the husband remarried. His new wife moved into the house, they had a set of twin daughters in 2020. They have been paying the mortgage out of the joint income.  The husband suddenly passed away a few months ago - with out a will. The deed to the property w...
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Link to Reston’s Million $ Plus Homes – 1 June 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
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Homes Near Ashburn’s Silver Line Metro Station – 1 June 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.
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Homes Near Tyson’s Corners’ Silver Line Metro Stations – 1 June 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.
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Homes Near Herndon’s Silver Line Metro Stations – 1 June 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.
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Homes Near Reston’s Silver Line Metro Stations – 1 June 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.
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By Pete Blondin
(ERA Teachers Inc)
Sugarland Run Homes worth a look as of 1 June 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.
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Reston Virginia Reston Town Center Home Sales as of 1 June 2021 …The inventory of homes for sale in Reston's Town Center area was about 52 homes active on the market as of 1 Jube 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.
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Reston Virginia Lakefront Home Sales as of 1 June 2021 …The inventory of Lakefront Community homes for sale in Reston was 11 homes active on the market as of 1 June 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.
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By Pete Blondin
(ERA Teachers Inc)
Herndon Virginia Condo Sales as of 1 June 2021 …The inventory of Condos for sale in Herndon was 24 homes active on the market as of 1 June 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.
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By Pete Blondin
(ERA Teachers Inc)
Reston Virginia Condo Sales as of 1 June 2021 …The inventory of Condos for sale in Reston was about 69 homes active on the market as of 1 June 2021 with new contracts running at about 59 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.
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By Pete Blondin
(ERA Teachers Inc)
Reston Virginia Townhome Sales as of 1 June 2021 …The inventory of townhomes for sale in Reston was 25 homes active on the market as of 1 June 2021 with new contracts running about 78 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.
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Reston Virginia Single Family (Detached) Sales as of 1 June 2021The inventory of single family detached homes for sale in Reston was 14 homes active on the market as of 1 June 2021 with new contracts running about 40 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.
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By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Divorce & Capital Gains on Real Property Property values have skyrocketed over the last couple of years in the Gainesville, VA housing market - leaving Uncle Sam to be the fly in the ointment!  First and foremost, disclaimer: I am not an accountant and this shall not be construed as tax advice.  I had a recent divorce case where the wife was blind sited by the capital gains hit. She faced a $62,000 hit when she agreed to take the couples rental property in the divorce - a condo they bought when they first married.  In the divorce the husband keep the big house and she got the condo. She planned to sell the condo and use the equity to buy a house closer to the kids. That's when she got hit with reality! What she didn't know when she agreed to take the condo and sell it later was that she...
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By Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA
(American Financial Network)
When folks go to settlement on a house they are buying, they are told, "The closing costs include a lender's title insurance policy. The title company asks you if you want an owner's title insurance policy. Folks are often befuddled, and don't know what to do, so they say, "Yes, I'll take it," not really sure of what they just bought.   Owner's title insurance protects you financially should there have been fraud in the title prior or your ownership. www.queenofmortgages.com   Here is a real life example of owner's title insurance saving a family that my mentor helped buy a home. An agent I know well was called to ask for help sell a glass house in Villa May, on top of the ridge, with a 180 degree of the Potomac River. The agent, showed them the recent sales, and they asked, "What would...
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By Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA
(American Financial Network)
A neighbor asked me, "Is buying a home still affordable, even with sales prices rising rapidly here in Northern Virginia (NOVA)?"The answer is YES houses are still affordable because most folks use a mortgage to finance a portion of their purchase, and interest rates are still near historic lows, 2.5%-3.25% on conventional and government backed home loans.  He asked, "Why are so many people buying, and not enough people are selling?" If you go back in time to the 1980's and 1990's, and look at a graph showing the number of babies being born, you will see an uptick above the curve, a short-term baby boom between 1986 and 1994. That demographic is what we now call Gen Y.  Gen Y folks are in their late 20's and early 30's in age, and they are buying their first homes.  Some are buying firs...
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By Markita Woods NMLS#196099, Queen of Mortgages - FHA, VA, Conventional, USDA
(American Financial Network)
VA zero down home loans typically have rates 1/2% lower than conventional loans. Maybe that doesn't much to you, but if you live in a $500,000 house, and plan to live in your house for five years, you would save almost $8,000 on your home loan. A conventional loan at $500,000 with a 3% rate gives you a payment of $2,108.02 per month, while a VA loan at 2.5% gives you a payment of $1,975.60. The difference is $132.42 per month; $1,589.04. over the course of a year; or $7,945.20 over five years. That's a significant savings.  There is an urban legend that says you can use your VA loan only once, so save it for your retirement home. That is false. You can use your VA loan over, and over again. You can even have two different houses with your VA loan, depending upon the real estate market w...
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Virginia Real Estate Agents and Real Estate Professionals