Northern Virginia real estate market has been a huge sources for local taxes for providing local amenities to the residents.
Every July 1st residential real estate tax rate gets revised by the local jurisdiction in the Northern Virginia area.
Here is the updated real estate tax rate for 2014-2015 in the Northern Virginia counties
City of Alexandria - $1.043 per $100 assessed value.
Arlington County - $0.996 per $100 assessed value.
City of Fairfax- $1.04 per $100 of assessed value.
Fairfax County - $1.090 per $100 assessed value.
City of Falls Church - $1.13 per $100 assessed value.
Town of Herndon- $0.265 + Fairfax County tax
Loudoun County- $1.16 per $100 assessed value.
Prince William County - $1.1480 per $100 assessed value.
Town of Vienna- $0.2288 + Fairfax County Tax per $100 assessed value.
Related Read- When are real estate/property tax bill due in Virginia?
Holiday lights and glitter bring a unique joy. With winter & holidays approaching here are few events that you can go to in the evenings and enjoy the holiday spirit:
Zoo lights at the National Zoo- By the far the most popular event for family in the DC metro area. The National Zoo presents a display of thousands of sparkling lights featuring sculptures of many of the Zoo’s most popular animals, including giant pandas, Asian elephants, gibbons, a sea lion, an octopus, and a Komodo dragon. Visitors at ZooLights will enjoy winter-themed crafts, ice sculpting demonstrations, choral groups, and storytellers. Visitors can warm up inside the animal houses and enjoy nocturnal animals. The Small Mammal House, Great Ape House, Reptile Discover Center, Think Tank, and Kid’s Farm will be open every night. Holiday treats will be available for sale including hot chocolate, donuts, and kettle corn. Families can take a photo with costume characters, or do some holiday shopping at one of the eco-friendly gift shops.
Dates and Times
November 25 2014 - January 1 2015
Closed Dec. 24, 25
Hours: 5-9 p.m.
Admission is Free. However you have to pay for the parking.
Address - 3001 Connecticut Ave., NW, Washington, DC.
15th Annunal Alexandria Holiday Boat Parade of Lights- The Alexandria Holiday Boat Parade of Lights is a favorite holiday celebration in both Old Town Alexandria and Washington, DC. Festively decorated pleasure boats light up the sky along the Potomac River including 50 powerboats, sailboats and the District's fireboat, the John Glenn spouting water 70 feet into the air. The brightly lit boats are creatively decorated as they compete in categories such as "Best in Show," "Best Thinking Outside the Christmas Box," and "Hardiest Souls." Washington Harbour and Old Town Alexandria Marina.
Date and Time:
December 6th, 2014
Addmission is Free!
Events starts at 5:30 PM onwards.
Address: Alexandria Marina, Behind the Torpedo Factory
Bull Run Christmas Lights- From comfort of your car drive through a 2.5-mile holiday light show at Bull Run Regional Park featuring penguins, snowmen, candy canes, jumping deer, Santa’s workshop, Frosty the Snowman, tin soldiers, elves and Santa. The seasonal event will include more than 40,000 animated lights set to music! After viewing the lights you can visit the Winter Wonderland Holiday Village that includes amusement rides, an ice skating rink, entertainment, shopping, contests, food, and more
Dates and Hours
Festival of Lights: November 19th, 2014 - January 4, 2015.
Hours: Monday - Thursday & Sunday: 5:30 to 9:30 p.m.,
Fridays, Saturdays & holidays: 5:30 to 10 p.m.
Admission is $15 on weekday per car & $20 per car on weekends and holidays
Address- 7700 Bull Run Drive Centreville, VA 2012
Meadowlark Gardens - Meadowlark Gardens is hosting a new Christmas light display called a “Winter Walk of Lights.” The walking tour includes 500,000 LED lights and unique animated displays with a nature theme such as a bubbling stream, jumping fish, deer, dragonflies, plus seasonal displays including a Gingerbread Village and a pumpkin patch. Be sure to dress for the weather and wear good walking shoes. The garden path is about half a mile long.
Dates and Hours
November 14, 2014 - January 4, 2015
5:30 to 10 p.m., seven days a week
Address - 9750 Meadowlark Gardens Court, Vienna, Virginia.
If you have any of your local favorite spot please feel free to share.
Ritu Desai @ Samson Properties is a local Northern Virginia Real Estate Agent serving Fairfax & Loudoun county for over a decade!
Builders do amazing job in finding land to built new homes. Personally, I have been living in the Cascades/Lowes Island Potomac Falls area for past 15 years and did not think there is any land remaining for new construction in the area. So wrong!
About New Construction in Cascades:
If you are driving up or down Cascades Parkway around the corner from the Fire Station & Horizon Elementary the sign is up now for to be built homes by MI Homes.
MI Homes will be building under community name OverLook at Cascades. They will offer 3 & 4 Bedroom town homes with 2 rear car garages. The builder is planning to start selling early 2015. Pricing is anticipate to start in $500K.
Housing Market in Cascades:
If you don't want to wait for new construction there are plenty of resale homes in and around the Cascades.
For high $500K to $1M+ you can get a single family homes.
High $300K to Low $400 will get you a 1 car garage town home.
While mid to High $400K will offer 2 car garage town homes.
Being local bit information about the area. Cascades is surrounded by beautiful landscape of Algokian Parkway. Some hilly terrain offers view of mountains especially this time of the year where the leaves are changing colors. Park offers a golf course, amazing walking trails, summer water park, various fields, picnic pavilions and other fine
Ample of Park & Ride at various shopping center offered by Loudoun Transit.
Regal Movie theater which will be moving to ever expanding Dulles Mall. Apart from the Dulles Mall I always tell people new to the area we are about 10 minutes to Reston, 20 minutes to Tyson's and we all the daily amenities with in 5 miles of the area. Can't beat that!
If you are planninng to buy or sell your home in the Cascades area of Potomac Falls, Sterling VA team up with Ritu Desai and Samson Properties.
Need to burn off all the
calories from the delicious food you will eat at the holiday parties or
have fun family night out? Well make the most of the winter wonder
this season. This year try to hit outdoors and may be learn how to ice
skating or spend an evening at one of these great Northern Virginia Ice
Rink facilities for a fun evening.
NEW this Year- Tyson's Corner Ice Rink- Opening this Nov. 2014. 6,500 square foot ice rink plus holiday music and other events will be happening at the mall.
Mount Vernon Ice Rink:
Fairfax County's only publicly-owned indoor ice arena is designed for
year-round use. It includes a warming room, coaches room, skate rental
area, skate sharpening services, hockey team locker rooms, as well as an
NHL official size rink. Apart from this the facility offers classes,
birthday parties and other services.
Located at 2017 Bellview Blvd, Alexandria, Virginia.
Pentagon Row Ice Rink: Open
from late Oct. to mid March. This is an outdoor facility that host
classes, birthday party or for family fun night skating at this
Located at 1201 South Joyce Street, Arlington, Virginia
Kettler Capital Iceple: Open year round, it includes public programs include lessons, hockey, skating, birthday parties and more.
Located at 627 North Glebe Road, Arlington, Virginia
Reston Town Center Ice Rink :
Open from late October through mid March. The outdoor Pavilion is
converted into a fun ice skating facility. I have personally skated at
this facility and it is lot of fun. Skates rental facility is located
next to Clydes restaurant.
Located at 1818 Discovery Street, Reston, Virginia
Fairfax Ice Arena:
Yet another privately owned year-round ice skating facility. It offers
lessons, public skating, hockey, pro-shop and much more.
Located at 3779 Pickett Road, Fairfax, Virginia.
Ashburn Ice House: Only
Loudoun county facility that offer ice skating year around. It is open
for public skating and has two NHL size ice rinks, video arcade,
restaurant, and pro shop. I have attend birthday party at this facility
and it is huge indoor facility.
Located at 21595 Smiths Switch Rd. Ashburn, Virginia
Harris Pavilion Ice Rink: Open from late Oct. to Mid Nov. The outdoor pavilion is converted into an open-air ice-skating rink in the heart of Old Town.
Located at 9201 Center Street Manassas, Virginia.
Do you have a local favorite ice rink place to share? Please share in the comment section.
Desai @Samson Properties is a local Northern Virginia Real Estate agent
serving Fairx & Loudoun County for over a decade.
Housing market in the Northern Virginia area has seen some very extreme ride through out 2014.
- Beginning of the year, winter was harsh so market was dead.
- Spring market sound promising!
- While Summer market was a dead beat market.
- Now we are in fall market has been sluggish but improved over summer housing market.
What will end of this year bring?
That will be interesting since inventory is still high, buyer pool has
shrunk and holidays are around the corner. Interest rate are still
lingering around low 4%. Unemployment in Northern Virginia remains
October market in the Loudoun county
area was no different to the overall real estate cycle in the Northern
Virginia area. We had slight improvement this past month. Builders/new construction in Loudoun county
are facing similar sluggish market. There are communities that are
selling and have wait list while some builders are starving to make a
Resale market in the Loudoun county area have been hit hard. Home sellers/local real estate agents are reporting no or hand full showings in this month.
Here is a snapshot of the numbers from past Oct. 2014 compared to Oct. 2013.
you are thinking of buying, selling or renting your residential home in
the Northern Virginia area of Loudoun, Fairfax & Prince William
team up with your real estate agent Ritu Desai @Samson Properties.
Many of the home buyers in the Loudoun county
area have opted to buy single family home in the Ashburn area. Here is a
list of choices of new construction that a home buyers has in Loudoun
county Ashburn 20147 zip code.
One Loudoun- Known for its walkability to the newest town center in the area. The community offers The Club at One Loudoun,
the community recreation facility which will include half-court
basketball, meeting rooms, an outdoor multipurpose court, tennis courts,
and an Olympic outdoor pool facility. Apart from community amenities it
offers near by 100 acres of parks and trails, extensive outdoor
amenities, and a ballpark. The downtown showcases a relaxing plaza
with interactive fountain, movie theater, fine restaurants and shopping.
HOA dues are approx. $200 per month.
There are 2 builders that offer fine collection of homes:
Miller & Smith- Are you looking for true contemporary homes. Then look no futher. Check out Miller & Smith’s New Downtown Collection.
The homes have rear car garages approx. sq. ft. of 2600-2700 on 2
levels. Priced from low $600K. They have 2 floor plans to choose from Greenwich & Tribeca.
Camberley Homes- Which is part of the Winchester Home collection. At One Loudoun Camberley Homes offers 3 series of homes in different section of the community.
One Loudoun Brooklyn Series- Priced from high $600K the collection offers homes style Logan Square and Roxbury. Side load/shared driveway space. Approx. 3500 sq. ft. (Logan) on 2 level and Roxbury almost 3700 on 2 levels.
One Loudoun Chicago Series- Priced from high $600K the collection offers home style Dorchester with read car garages. Approx. 3200 sq. ft on 2 level.
One Loudoun Manhattan Series-
Most expensive base price (Almost $700) of the 3 collections of series
of homes in the neighborhood. This collection offers 2 homes styles Lincoln Park and Evanston. The homes have rear car garages & approx sq. ft on Lincoln Park is 3685 on 2 levels and Evanston is 3846.
Belmont Estate- Built by Richmond America, Belmont Estate is located right off Deerview Drive and Gloucester Parkway Ashburn, VA 20147.
The builder is selling the homes off the community site. Amenities
including a playground, volleyball court and direct access to the
Washington and Old Dominion Trail. HOA dues are approx. $101 per month.
Starting at mid $600 the community offers 3 distinct floor plans: Dixon, Davidson and Danika. Smallest home is approx. 3100 sq. ft. and largest floor plan is approx. 3700 sq. ft. on 2 levels.
Thinking of purchasing a new construction in Loudoun County or in
Northern Virginia area? Team up with Ritu Desai at Samson Properties for
guidances and representation throughout your new home purchaser.
Related Reading blogs:
New Construction OR Resale Home - Which is the best deal for Virginia home buyer?
What is Lot Premium that New Home Builders Charge in Northern Virginia
5 Must Read Pro Tips While Your New Home is Under Construction
55+ Community New Home Construction in Ashburn Virginia 20147/20148
How do I get out of my New home Construction Contract in Northern Virginia?
Photo courtesy of http://www.freedigitalphotos.net/
Many of the Northern Virginia home buyers or home owners refinancing
face the question whether paying discount point, origination point or
buying down points make sense. Understanding what your savings are in
long and short term compared to cost of buying the rate down will help
you make a better decision.
When Should a Borrower Pay Points?
"Points". One of the most
oft-spoken terms when speaking with borrowers about their mortgage
application. Also one of the most misunderstood
concepts that borrowers have with the mortgage industry. I blame the
media for this. I also blame lenders & loan officers for not
effectively communicating just how much has changed in our industry over
the past few years. I also blame Realtors & financial advisors for
not fully understanding the concept yet still offering advice, advice
that often gets stuck in a borrowers head & leads them to make poor
financial decisions. Let's break it down and see if I can explain
"points", when they're necessary, and when they should be avoided (it
would come as a surprise to most that the answer to 'when they should be
avoided' is NOT "always")
A "point" in the mortgage
industry, on its most basic level is easy to understand. Quite simply, 1
point is equal to 1% of a borrowers loan amount. A half point? Half a
percent. On a $100,000 loan, 1 point is $1,000. On a $500,000 loan
amount, 1 point is $5,000. Simple enough, right?
Where things get a little
confusing is how points are applied. Some points are pure profit for
the lender. Some points are part of a long term planning strategy for
borrowers. All points are not created equal.
Since the implementation of the
Dodd-Frank act, points no longer directly affect an individual loan
officer's compensation since that compensation is now a fixed % of each
loan, but points still affect lender's rate sheets and how pricing is
offered to consumers. They're still very much a part of important
discussions when it comes to how a mortgage fits into a borrowers
financial plan. Find a lender that offers rates much lower than anyone
else? Chances are, you're paying that lender points to afford them the
luxury of those low rates. Find a lender with incredibly low fees and
lender credits? Chances are there are points padded into their interest
The majority of lenders these
days deal primarily with discount points, so that's where I'll keep my
focus. A discount point is a fee that buys down a borrower's rate.
Though rates and spreads vary each day, in a typical scenario, the
amount a rate is decreased is usually .25 for 1 point. So if the market
is offering a rate of 4.25%, a borrower could likely get a 4% by paying
somewhere around 1% of their loan amount as an up front fee at
closing. This is not a symbiotic relationship so cost/amount saved can
When should discount points be paid?
When planning long term,
discount points can be a real benefit. For example, take someone
buying their 'forever home' with a 30 year fixed rate loan. Just for
this example, let's say it's a $300,000 loan. For 0 points, they can
get a 4.5%. For 1 point, they can get a 4.25%. The discount point in
this scenario is $3000 and the monthly savings is only $45/month, BUT,
long term, the amount of interest paid for the lower rate offers a
savings of nearly $16,000.
$13,000 over 30 years (the total savings taking the $3000 up front into
account) going to be a life changer? Maybe not, but what about the
person that does this on 4 or 5 properties? Those savings add up in the
grand scheme of financial planning.
When spreads are low between rates,
borrowers can also take advantage and pay discount points. Sometimes
the bond market brings about rate sheets where buying down a rate with
discount points doesn't cost as much as usual. For example, it might
only cost a half point to get a .25 reduction to rate. Many times it
makes sense to buy the rate down in this situation. When this
opportunity arises is usually just dumb luck when rates are in the midst
of large fluctuations and volatility (some lenders will be uncertain on
which rate to price most competitively, and the result can be several
rates priced competitively).
When points are being used to avoid PMI. I often use this strategy when using the LPMI program
to avoid a costly monthly burden for borrowers, while also avoiding the
permanency of a higher rate that comes along with most LPMI programs.
When should you avoid points?
Any time a loan is short term, paying points doesn't make sense (unless it's the LPMI scenario above and the numbers work out, a good Loan Officer will be able to help with the numbers).
many cases, it makes more sense in a short-term situation to take a
higher interest rate and have closing costs paid for by the lender...but
that's another blog for another day.
The "point" is, when beginning to shop for a mortgage,
borrowers should avoid 2 thoughts - "I want the lowest rate" and "I'm
not paying any points". Points are no longer used by lenders to gouge
customers like they were in the past. Points play a role in financial
planning and obtaining the best mortgage, and should always be discussed
with your lender. Maybe the lowest rate is best for you, or a loan
with no points, but maybe a couple discount points could save you a ton
in the long run, or a higher rate will benefit you most. Work with your
trusted loan officer, and you just might be surprised at which options work best with your plans.
Visit My Website!
Ritu Desai & Samson Properties Presents New Listing...
MLS # LO8497025
Address: 25121 SWEETSPIRE SQ, ALDIE, VA 20105
Year Built: 2008
List Price: $2100
HOA: Stone Ridge- South
Include: Basket Ball court, Out door pools, Tennis Court,
Walking/Jogging trails, Playground, Fitness Center, Community Center,
Business Center with WIFI, Library, Concerts & community fine
Elementary School ARCOLA
Middle School MERCER
High School -JOHN CHAMPE
|** Beautiful First time available home for RENT.
** Three Finished levels town home has three level extensions.
** Home offers, three bedrooms, two and half baths and a two-car garage.
**Open floor plan.
**10 feet ceiling on main level.
**Neutral flooring and paint along with tons of recesses lights through out the home.
kitchen with granite countertops, beautiful back splash, ample of 42”
maple cabinets, cook top with down draft venting outside, microwave-oven
combo, double bowl stainless steel sink and a pantry.
** Large dining room off kitchen with hardwood flooring & an elegant chandelier
**Cozy family room off kitchen with French door leading to deck.
** Over sized living room with walls of windows.
** Convenient powder room on main level.
Master suite with his & her closet space, sitting room with
backyard views. Private luxurious bath with spa shower, dual vanity and a
** Much desired laundry closet on bedroom level.
** Large secondary bedroom with second full bath of upper level hallway.
Fully finished recreation room offers fine carpet, cozy gas burning
fireplace, storage & door leading to beautiful backyard.
** Enjoy breath taking water view from the deck.
** Walk out level with patio & fully fenced backyard.
Pets Case by case
Available Jan. 1st 2015
No Smokers Allowed.
Application Fee $55 per applicant.
celebrated by many Indians around the world. It marks victory over evil
and for many Hindus it is also beginning of New Year for many Indian.
and working in DC Metro area, I feel blessed that I can be part of so
many beautiful cultures and many people can be part of my culture.
If you wish to be part of the celebration or just love Indian food here are my top 5 recommendation for 2012 Indian restaurants in and around DC/Va area
Spice up your evening at this beautiful, romantic and the most highly
rated Indian restaurant on any food reviewer site in DC metro area. They
have now two location in DC: Penn Quarter & West End.
It is one of my favorite place for authentic Indian food. It is a very small restaurant but you will fall in love with the customer service and food. Located in Falls Church Virginia
(food was better at this location). Bethesda location is closed as of
August.They are hoping to find a new location in Maryland soon.
Bollywood Bistro: If you don't want to drive to DC to try Rasika, go to this Fairfax, Virginia
Indian Restaurant. You will become a loyal fan to his place. Again not a
huge restaurant but a warm cozy place where the highlight is delicious
curries! Bombay Tandoor: Owners bring love and passion to this Indian restaurant located in Vienna Virginia. From all of the above I feel this one is the best family friendly Indian restaurant in
the DC metro area. They do rent the place out for events and close the
restaurant so check before you plan your evening to dine at this
restaurant. Amma: This will not make the list of most fancy or ambiance place to eat out. But it you want to skip a Burger King or McDonald to try something quick bit of spicy food, then try this Vegetarian Indian fast food place in Vienna Virginia.
Apart from the above mentioned here are few I have enjoyed authentic Indian food at:
Located in South Riding/Chantilly area. I eat at this restaurant after
really long time and I was surprised how good the food was.
This open sometime back in Ashburn. I had a pleasure to eat lunch
buffet at the restaurant. The food and service was really good. It is
more South Indian food over North India. But if you live in Loudoun
county it may be worth a try.
To all my fellow friends blog readers, AR member, friends & Family
Wishing you and your family a very Happy Diwali and a Prosperous New Year !!
May this Diwali be as bright as ever.
Don't we all love when we get our hands on something really
cool!! Here is a new tool from Fairfax County that residents can use to
pinpoint crime in their neighborhoods as recent as the day before. As a Realtor® in the Fairfax County we can use it for personal safety.
To use the system, simply go to online to Police Events,
where you can enter a Location, Date Range and Event Types (types of
crimes). Locations can be specific, such as an address, a school or a
ZIP code. There are 16 different types of crimes to choose from
(including peeping incidents, noise violations and burglaries or you can
just select “all”). You can choose a date or a date range.
I tested the site with few addresses and schools. It is pretty neat
how the results come up with the details about the incident. The site is mobile friendly!!
Hope this keeps up the resident with lot of good information on finger tip.
Here is a list from Virginia.org website
for list of Halloween events across the Northern Virginia area. Do note
some of the events are not scaredy cats, so pick and choose according
to your comfort level for paranormal intrigue.
Experience thrills at scream parks, haunted houses, graveyards,
enchanted woods and ghostly battlefields when you spend your Halloween
Centreville - Cox Farms' Fields of Fear™
is the haunted night-time destination you and your friends have been
looking for! When darkness falls on the farm... our fields fill with
creatures of the night. Featuring: Dark Side Hayride's Zombie Zoo, The
Firegrounds/Midway bonfires and the Giant Slide. If you’re really in for
a scare, test your nerves in the Cornightmare™ walk-through cornfield
terrors; with Claustrophobia, Vortex, Crypt and more! Also enjoy Food
& Snacks, Fear Games & Prizes, and Entertainment.
Recommended for children under 12 years old. All under age 14 must be
accompanied by a parent or guardian (18+). Proof of age required.
Leesburg - OPEN EVERY WEEKEND IN OCTOBER! SHOCKTOBER 2014…Shocktober in Leesburg,
Virginia, hosts four haunts in one location: Paxton Manor, The Haunted
Well of Souls, The Last Ride, and The Vortex. So much more than a
haunted house, the Paxton Manor has real history full of horror and
paranormal activity; lurking beneath the Paxton Manor lies an enormous
underground lake with only one single well, The Haunted Well of Souls,
located in the deepest corner of the manor’s basement, enter if you
Every Friday, Saturday, and Sunday night throughout the month of
October, Paxton Manor opens its doors to those who are brave enough
to walk her haunted halls and descend into the caverns of her basement.
Tickets are at www.shocktober.org
All proceeds benefit the many programs of the Paxton Campus, a
501(c)3 organization that helps children and adults with disabilities in
Chantilly -- Historic All Hallows Eve at Sully
- In the 18th and 19th enturies, Virginians celebrated All Hallows Eve
with storytelling, fortune telling, fall foods, and family gatherings.
Experiences these traditions as you tour the house and grounds by
Herndon & Leesburg - Monsters Undercover Murder Mystery Dinner Theatre at The Wiener's Circle
-Halloween is approaching, and Dracula, the Mummy and other fading
monster stars have gathered to discuss their grim prospects. The zombies
have taken over everything – their fans, the film industry, their
livelihood. The old monsters are meeting in secret to devise a plan to
strike back, eradicate the zombie infestation from the world and regain
what they’ve lost – you. Bwahaha! These monsters used to be icons, icons
who became classics, classics who deserve better than to be shunted
offstage by the likes of zombies. Will they rise again to haunt the
multiplexes of the world? Come and find out – if you dare! Advanced
reservations are required for catering purposes.
Ashburn -Zombie House: Take Back DC is
an interactive zombie experience that uses role-players to create a one
of a kind zombie shoot. The role players will not be shooting back at
participants. Register by yourself or form a team in advance. You’ll use
a real Glock that has been modified to fire non-lethal Paint Marker
rounds. Zombie House: Take Back DC is a live shooting experience that is
designed to terrify the oldest of children. Participants must be 13
years of age or older. Those under 18 must be accompanied by a parent
Chantilly - Udvar-Hazy Center's Annual Air and Scare
Join us for creepy crafts and activities with a spooky twist including
Ghost Blasters, Trick or Trajectory Rocket Launch, spooky science
Discovery Stations, Paper Scare Planes, story time, puppet shows, and
photo opportunities with costumed characters from some of your favorite
space- and ghost-themed movies. Learn about the possibility of aliens in
the universe and make your own alien. Visit the Tot zone with the
little ones and send the Teens and Tweens to activities just for them.
Don't forget to wear your costume, and come prepared for some awesome
trick-or-treating! Please note: For security reasons, full-face masks
are prohibited on visitors over 16 years of age.
Reston - HOWL-O-WEEN at Lake Anne
- Lake Anne Plaza has gone to the dogs, cats, and other furry critters.
Come down to Lake Anne Plaza dressed in Halloween flair (adults + pets)
for a Howling good time! Dogs, cats, and all types of animal-friendly
furry friends are welcome to participate and join in on the fun.
Some of the events are open only on specific dates and have an admission fee. Check the website for more details.
Photo courtesy of http://www.freedigitalphotos.net/
am flabbergasted on how many emails, fliers, listing remarks states
agents bonus and/or high commission that the sellers are offering as an
incentive to lure our buyer to make an offer their home.
This trend has been seen across new construction & resale homes in the Northern Virginia real estate market.
Do these tactics work?
My answer :
If there is ample of properties in an area and the seller is desperate
to sell that can help! Depending on who is the Realtor/selling agent,
the market and the buyers' situation.
Like any industry our industry has mix bags of agents. We have agents
who would love to make that extra $$$$ incentive. However there are
good number of Realtor® who would not cared if they got paid 4% over 3%
commission on a home if that home does not meet their clients
needs/wants. Its not about 1 transaction!!!
Yes, it is one of the many ways to market and attract the buyer to your
home. However there are other elements that needs to be in place for
this to work. You need to price your home right, staged your home &
be open to negotiate you will attract right buyer!!
For any home seller in Virginia it is all about bottom line!!!! Give an incentive to selling agent or negotiate with the buyer.
Photo courtesy of http://www.freedigitalphotos.net/
What better place to have fun and a day trip to local museum!! The popular big Annual Air & Scare 2014 is here once again!
When: October 25th 2014
Time: From 2pm - 7pm
Location : Steven F. Udvar-Hazy Center in Chantilly, VA.
Cost: $15 for parking at the museum.
Description about the event:
See the spooky side of air and space at our annual Halloween event!
Arrive in costume for safe indoor trick-or-treating, creepy crafts,
spooky science experiments, and other Halloween-themed activities. The
tiniest visitors can check out the Tot Zone to play dress-up and hear a
story. Pose for a photo with your favorite Star Wars or Ghostbusters
character. Air & Scare is fun for the whole family!
Please note: For security reasons, full-face masks are prohibited on visitors over 16 years of age.
For details you can visit the website
Photo courtesy of the website Air& space museum.
As a Northern Virginia Real Estate agent we
all have emphasis on having a curb appeal to our home. I was recently
at a listing appointment. They plan to list the home in early
spring/summer. Over all home was beautiful not much updated but decent
for a market.
However their yard is another story.
They have 3 dogs who have used land as their true place to hangout & party!
I personally thought the home owner have not picked a dog poop/mess
in years. Their was no such thing as grass on the yard..the ground needs
to re-prep for some green to grow eventually. The shrubs and bushes
were half dead or over grown. I don't think he has mulch his yard ever!
The front of the yard still had builder grade plants that were never
prune or trimmed. The front yard tree feels like it just needs a reason
to slam-dunk on the the house. The side of the house had evergreens that
were blocking the front walk away to the house. You can only cut
through the grass or go through the garage to enter the home.
I expressed my honest concerns that the buyers especially in the
spring market want the home that they can enjoy both indoor and outdoor
space. After much discussion, they got the point.
And they asked if we could give landscaping allowance to the buyers?
It is an honest question, just like carpet and paint allowances we
have commonly heard why can not we give landscaping allowance.
Universal fact, "in real estate everything is negotiable"
As a home seller while giving this credit/allowance would be OK but
you have to keep in mind you do loose leverage while negotiating, you
may end up paying a higher premium(credit) for someone else to do a job.
And there may be a situation where the buyers would be turned off by
End Result: As a compromise these homeowners have agreed to fix the front of the home.
Unfortuantely, they don't want to give up their lifestyle of leaving
their pets in the backyard, so they want to cross the bridge when they
get to that point on listing and negotiating the contract on the home.
It will be interesting to see how the market handles their backyard!
Photo courtesy of http://www.freedigitalphotos.net/
The Washington DC Metro area housing market in September continued
the trends seen throughout the year, with buyer activity lower than its
year-ago levels and seller activity continuing to rise. Closed sales
decreased 2.2 percent from September 2013, but were higher than their
2010, 2011 and 2012 totals.
In September, there were increases in closed sales in four
jurisdictions: Falls Church City (+122.2 percent), Arlington County
(+10.3 percent), Montgomery County (+1.5 percent), and Washington, DC
Small increase in median sales price driven by townhomes.
The median sales price for the region increased 0.8 percent, or by
$3,000, from last September to $390,000. This is the highest
September-level since 2007. This increase was driven by townhomes,
which also had a median sales price of $390,000. This is an increase of
2.4 percent, or $9,000, from last year and the highest September-level
on record for townhomes, with data going back to 1997. At $285,000, the
median sales price for condo properties was unchanged from last year.
The median sales price for single-family detached homes decreased 1.6
percent, or by $7,697, to $475,000 and was the only property segment to
Ninth month in a row of year-over-year declines for total sales; increase for townhomes.
There were 3,569 closed sales in the Washington DC Metro Area in
September. This is 2.2 percent, or 82 sales, fewer sales than last
September and marks the ninth consecutive month of year-over-year
declines. But closed sales remained higher than in September of 2010,
2011 and 2012. The number of closed sales of townhomes increased by 12
sales, or 1.3 percent, from this time last year and was the only
property segment to increase. Sales for single-family detached homes
decreased 3.4 percent, or by 58 sales. Condos had the sharpest decrease
in closed sales and fell 3.9 percent, or by 39 sales from last year.
As compared to August 2014, the number of sales decreased 14.8 percent,
which is a milder decrease than the 10-year average August to September
change of -17.2 percent.
Highest inventory in any month for nearly three years; double-digit gains for new listings. New
listings continue to rise, increasing 11.7 percent, or by 700, from
last year to 6,667 listings. This is the seventh consecutive month of
year-over-year gains, and the highest percent increase of any month so
far this year. This also represents the most new listings added in
September since 2008. New listings of single-family detached homes
increased 15.8 percent, or by 449 listings, from this time last year and
led all property segments in growth. New listings for condo properties
increased 11.7 percent or by 188 listing, and new listings for
townhomes increased 4.2 percent, or by 63 listings.