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Fairfax, Loudoun County Virginia -Residential Real Estate Market Blog

Keep yourself up to date with the Northern Virginia Real Estate market and other local Northern Virginia information. Have a question or thinking about buying or selling home call Ritu Desai at Samson Properties at 703-625-4949 or email me at Info@eNOVAHomes.com.

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Northern Virginia Home Buyers- New Construction Pitfalls with Snow on Ground-What happends to your New construction home

With 2-3 feet of snow in the DC Metro area if a regular homeowner is house arrested what will happen if you were buying a home that is under construction?

For Northern Virginia Realtor like me who has been through these El Nino and other snow storms over past decade, this is what the outcome was:

If you are new construction home is under a roof most likely a short delay or no delay.

If a home builder in Virginia was going to break ground sometimes this week or month it may be further delayed. I remember in 2010 snow blizzard when we got hit by back to back snow storms most of the builders were behind and delivery of one my client home was delayed by 6 months. They had to hire dump trucks to remove snow from the ground before they could break the ground.

 

Remember your new construction home builder has 2 years to complete your home according to new construction sales contract in Virginia!

Reach out to your new home sales rep for the status. Stay warm & safe!

 

 

Related Reads:

Should A Buyer Pay for New Construction Builder's Grantor Tax in Virginia?

Home Inspection Necessary when Buying New Construction in Virginia?

How to choose your options while purchasing a new construction in Virginia

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

 

 

Photo Courtesy :http://www.freedigitalphotos.net/images/Winter_g147-Footsteps_In_A_Snowy_Forest_p114354.html

Posted by

 
                             
Associate Broker
MRP, ABR, ePRO

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email -
info@eNOVAHomes.com
Web:
www.eNOVAHOMES.com
 


 
Northern Virginia Home Buyers- Difference Between HOA & Condo Association?
http://actvra.in/4NdF

   VS   


Many of my first time home buyers are confused with the terminology between an HOA Association & Condo Association in the Northern Virginia Real Estate Market?

 

Definition:

HOA Association: Stands for Home Owner Association. 

 

Condo Association: Stands for Condominium Association.

 

Ownership:

HOA Association: Fee simple. 

Condo Association: Common interest.

 

Types of Properties Governed:

HOA Association- An HOA governs a single-family, planned development made up of lots. Each lot is improved with a separate home. Traditionally, these developments are your typical suburban neighborhood with stand-alone homes, each with a yard.

 

Condo Association:- A condominium association governs a common structure(s) comprised of multiple units.

 

Fees:

HOA Association: Typically lower than the condo fees. 

 

Condo Association: Higher than HOA fees. 

 

The difference between HOA and Condo Association Fees Due to the lesser maintenance, repair, replacement, and insurance obligations, HOA fees are usually lower than comparably sized condos.

 

Fees Includes:

HOA Association: Very very few communities in Nothern Virginia area includes yard maintenance but common amenities like pool, tennis courts, basketball court, multi-purpose courts, snow removal, trash removal, ground maintenance, Tot Lots and other common amenities that are offered within a subdivision.

 

Condo Association: Condo dues includes above amenities that the HOA may offer depending on the condo amenities for that building plus it also includes insurance. Apart from insurance in some condo communities, it may include the exterior of your condo maintenance or water or utilities. 

 

What is Better Condo or HOA?

When considering purchasing a condo or a fee simple like townhome do your math if higher condo fees plus your mortgage makes sense over low HOA plus mortgage.

Another factor to consider when making a decision is the lifestyle. With a condo ownership, you can lock the door of your unit and move on with your daily life. With townhome or a single family home you have includes annual exterior maintenance expenses, yard work & other responsibility. 

Lastly, biggest difference when deciding between condo & HOA is the restrictions. Condo ownership does come with the restrictions like the number of pets you can own while living in a condo, usage of the balcony or a deck, grill usage, parking and so on.  While HOA is less restrictive but you are still governed by the architect rules and regulation of the association.

 

 

Related Reads:

Should I buy Insurance as Condo Home Owner?

 

Northern Virginia Home Buyer Guide-Is Condo is Right for you OR Not?

 

How often HOA or Condo fees increases?Northern Virginia Real Estate

 

2016 -TOP 10 Housing Style Trend desired by Buyers in Northern Virginia Area

 

New Construction OR Resale Home - Which is the best deal for Virginia home buyer?

 

 

Ritu Desai is an Associate Broker with Samson Properties with over 12+ years of experience in residential real estate in the Fairfax and Loudoun county area of Northern Virginia area. 

 

 

 

 

Posted by

 
                             
Associate Broker
MRP, ABR, ePRO

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email -
info@eNOVAHomes.com
Web:
www.eNOVAHOMES.com
 


 
Northern Virginia Home Seller-Last Minute Showings What You Can Do?

I was out and about showing homes on the day we were expecting #blizzard2016 in the DC Metro area. We started early in the morning so we can wrap up before 1 PM when the snow storm was going to start. 

I had scheduled all showings appointments a day before knowing many of the parents/home sellers like me, are thinking about how to keep kids entertained, groceries stocked and clean their driveway. Who in the world wants to preview the homes.. well-motivated home buyers!

We showed up at one of the house and the home seller was shocked to see the prospective buyers and me at their doorstep. Moments later the husband walks up and had a face that you know...for some reasons he forgot to tell the wife about our appointment Oops! 

What do you do as a home seller in the Northern Virginia area?

 

1. You can request the agent and the buyers to wait or come back around in 15 -20 mins.

2. Remember when you are on the market for home sale you should always be prepared. Storm does not stop real estate agent like me to stop showing the home.

3. Buyers who are looking for homes especially during winter are very motivated. So keep the home in almost ready condition to show.

4. If the buyers and the agents are okay with waiting have them start at the exterior of the home or a level where you are ready to show. 

5. Wipe the counters down, put the seat down in all the toilets, pick up toys or mess laying around, put away dishes in the dishwasher, dump dirty clothes in the washer, fix beds, turn on the lights as you are getting your home ready for showing and take your puppy out.

Lastly, if your home is in absolutely no condition to show please ask the agent if they can reschedule the showings. It is better no-show versus showing and buyer eliminates the home. 

 

However, from a home buyer real estate perspective if I think my home buyer cannot look pass the clutter it is better we reschedule the appointment. As a local Real Estate agent in the area, you know your buyers it is wise to make a decision based on that and the situation and your buyers. 

 

 

Ritu Desai is an Associate Broker with Samson Properties with over 12+ years of experience in residential real estate in the Fairfax and Loudoun county area of Northern Virginia area. 

 

Posted by

 
                             
Associate Broker
MRP, ABR, ePRO

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email -
info@eNOVAHomes.com
Web:
www.eNOVAHOMES.com
 


 
Boost the tax benefits of owning a home in Virginia!
http://actvra.in/4K4s

Being a first time home buyers have great deal of benefits. IF you are a Virginia first time home buyer you can add another benefits to your list.

Here is information from the VHDA website

 

If you’re buying your first home, a Mortgage Credit Certificate (MCC) from VHDA could save you thousands of dollars by reducing the amount of federal income tax you owe. 


Unlike an income tax deduction, an MCC is a dollar-for-dollar credit against your federal income tax liability:

  • The credit is equal to 20 percent of the annual mortgage interest you pay.
  • The remaining 80 percent may still be taken as a tax deduction.
  • The MCC is effective for the life of your mortgage, as long as you live in the home.


To be eligible for an MCC, homebuyers must:

  • Be a first-time homebuyer, or not owned a home as a primary residence within the past three years. (This requirement may be waived if purchasing a home in a federal targeted area.)
  • Have income at or below the maximum household income limits.
  • Purchase a home below the maximum sales price.
  • Use the home as their principal residence.

If you obtain and use a MCC and then sell your home in the first nine years of homeownership, you may be subject to the federal recapture tax.


VHDA determines whether homebuyers qualify for MCCs under the Internal Revenue Code, but homebuyers must determine for themselves whether an MCC will save them money and how valuable an MCC will be for them over the life of their loan. VHDA cannot and does not give any tax advice to anyone.


You can apply for a Mortgage Credit Certificate through any approved participating lender. The list of participating Mortgage Credit Certificate lenders will be updated as new lenders are approved. 
 

"" Educational Resources

"" Watch Video: How MCCs Work

"" Information for Lenders Only


Questions About the MCC Program?
 To speak with a VHDA MCC expert, please contact Loan Programs Manager Janice Burgess at 804-343-5926 or Assistant Director, Homeownership Programs Toni Ostrowski at 804-343-5982.

Email: MCCInfo@VHDA.com

Mailing address:
Virginia Housing Development Authority
Attn: MCC Department
601 S. Belvidere St.
Richmond, VA 23220

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
Toll Brother's Avonlea Reserve- New Construction 2 Car Garage Town Homes Chantilly VA 20152
http://actvra.in/4K4t

While everything is being constructed west wards in Loudoun county Virginia we wonder how a new construction community pops in the middle of established neighborhoods in South Riding / Chantilly VA 20152.

 

I am so thrilled Toll Brother has finally released much sought after Avonlea Reaserve. 

 

Avonlea Reserve: Luxury home builder Toll Brother's have released a quaint section of luxury town homes off Tall Cedar road and very close to Route 50 & 28 in Chantilly VA 20152. Offering 2 car garage with 3+ bedrooms, 2.5+ baths town homes. 

 

HOA Information:

The community HOA is $128 a month and includes amenities like Swimming pool, tennis courts, basketball court, children's play areas, and miles of walking snow removal, trash service and biking trails.

 

Community Location:

From Route 28: Take Route 50 West for 5-3/10 miles to left onto Pinebrook Rd. Proceed 1/2 mile to right onto Glasgow Heights Ter.

 

Floor plan:

Unfortunately they only offer 1 floor plan. Bradbury model which is one of Toll Brother's clasic floor plan. Various structural options are available to accomodate price & buyers needs.

 

Pricing:

Currently they are in pre-construction phase. Prices start from high $400 to low $500 depending on the home site & extension on the home.

 

Delivery

Currently the Toll Brother's earliest delivery for in Avonlea is summer 2016.

Toll Brother's Avonlea Reserve 2 Car Garage town homes Community Information

 

 

Related Reads:

Why hire Real Estate Agent to Represent you in new construction home purchase?

 

5 Things Worth Upgrading with Builders when Buying a home in Fairfax/Loudoun Virginia

 

5 Things Not Worth Upgrading with Builders When Buying a Home in Virginia

Things You Should Know When Buying Builder's Model Home in Virginia

 

What is Lot Premium that New Home Builders Charge in Northern Virginia?

 

5 Must Read Pro Tips While Your New Home is Under Construction

 

5 FACTS-You Should Know Before Buying a Home in Ashburn Virginia-Loudoun County

 

 

Photo courtesy of http://www.freedigitalphotos.net/

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
3 Things Home Seller in Virginia MUST Know before accepting an Offer on YOUR Home!

With the slow down in the real estate market place during holidays many home sellers become desperate to sell their home. If they receive an offer, they want to accept offer and  move on with their home sale.

 

However as a Northern Virginia home seller you need to do your due diligence before signing off on the offer and ratifying the contract. Remember, sellers have least out from the contract compared to the buyers once ratified. 

 

 

 

Here is a check list of 3 things that will help you get to your goal of selling home:

 

1. Understand the contingencies: Have your Realtor help you understand under want circumstances the buyers can void the contract. If there are red flags or unique condition you need to be aware about and the time line that contingency will be valid for.  Example if your purchasers have a home to sell before they can purchase your home. You need to understand the time line on how long they have to sell their home, if they do receive an offer on their home how the contract is going to be modified, if you receive another offer what happens to the original offer and so on.  Apart from the complicated one like home of sale simple one like financing contingency and appraisal contingency can play a major role. 

 

2. Buyers Qualification - With so many changes in financing industry getting loan is getting tougher. It will be wise to understand how well your buyers are qualified before you accept the offer. Remember your goal is not to be back on the market in middle of winter. Have your Realtor speak with their lender. If it is an unknown lender or online lender may be have the buyers speak to a local lender and get a pre-approval.

 

3. Material Defect: Did you disclose any material defect that can affect the sale of you home? IF not Virginia has a disclosure form where you can disclose any defects that purchaser needs to be aware about.  Example you have poly pipes in the home or you know the basement floods when it rains. These are some of the examples of the material defects that needs to be disclosed to your home buyer rather than buying walking out on your home after discovering during home inspection.

 

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
THREE Things Home Seller in Virginia MUST Know before accepting an Offer on YOUR Home!

With the slow down in the real estate market place during holidays many home sellers become desperate to sell their home. If they receive an offer, they want to accept offer and  move on with their home sale.

 

However as a Northern Virginia home seller you need to do your due diligence before signing off on the offer and ratifying the contract. Remember, sellers have least out from the contract compared to the buyers once ratified. 

 

 

 

Here is a check list of 3 things that will help you get to your goal of selling home:

 

1. Understand the contingencies: Have your Realtor help you understand under want circumstances the buyers can void the contract. If there are red flags or unique condition you need to be aware about and the time line that contingency will be valid for.  Example if your purchasers have a home to sell before they can purchase your home. You need to understand the time line on how long they have to sell their home, if they do receive an offer on their home how the contract is going to be modified, if you receive another offer what happens to the original offer and so on.  Apart from the complicated one like home of sale simple one like financing contingency and appraisal contingency can play a major role. 

 

2. Buyers Qualification - With so many changes in financing industry getting loan is getting tougher. It will be wise to understand how well your buyers are qualified before you accept the offer. Remember your goal is not to be back on the market in middle of winter. Have your Realtor speak with their lender. If it is an unknown lender or online lender may be have the buyers speak to a local lender and get a pre-approval.

 

3. Material Defect: Did you disclose any material defect that can affect the sale of you home? IF not Virginia has a disclosure form where you can disclose any defects that purchaser needs to be aware about.  Example you have poly pipes in the home or you know the basement floods when it rains. These are some of the examples of the material defects that needs to be disclosed to your home buyer rather than buying walking out on your home after discovering during home inspection.

 

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
2 NEW Intelligent Real Estate Scams At Closing- Buyers & Seller Beware!!!

Recently I learned from 2 different local Realtor®s how their clients almost got scam...and not just an ordinary scam like an email from Africa. Pretty well planned. So here are the details.

 

1. Seller's Closing  Scam  - Realtors email was hacked. The scammer knew all the parties name, where the closing was going to happen and at what time! After the buyers and sellers signed; the smart scammer called Closing agent /Title company, pretending to be the home sellers and requested their funds to be wired to a different bank account rather than the account they provided at the time of the closing. He verified property address, buyer's name and other generic information to the title company. Some good Samaritar were watching these poor sellers who were going to use their proceeds to retire....The title company had a good gut feeling and called the listing agent who in turn spoke with sellers and confirmed they did not authorize any change of wiring instruction. So if you are going to be at closing please alert the closing office and your clients not to change wiring instruction.

 

2. Buyer's Closing Scam: On the flip side again selling agent's email account was hacked. The scammer was monitoring every email communication. He/She knew what day the closing was, purchaser's email address and so on. So 2 days prior to the closing scammer emailed the purchasers from agent's email account requesting they need to wire their DOWNPAYMENT money to the bank rather than bring as a cashier's check to the closing table. Which purchaser were ready to do BUT they had a question called their selling Realtor and guess what she has was clues less about the wiring !!!  

God forbid if in case 1 title company had wired or in case 2 buyers would have wired their downpayment proceeds?????? Scary!!!

 

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
Northern Virginia Residential Real Estate: Cascades-1 Car Garage/3 Bedrooms/2.5 Baths Townhome for Sale in Sterling VA 20166

Ritu Desai & Samson Properties Presents New Listing...
 Everything you dreamed in the home is in this HOME!!! 

Address: 21940 Thompson Sq. Sterling VA 20166

MLS# LO9525909


Subdivision
Peace Plantation/Cascades Park.

List Price:$335000  Year Built: 1995

HOA fees & Amenities:  $110 per month includes an outdoor pool, Basketball court, Tennis Court, tot lots, walking trails and snow and trash service.

 

 Schools: 
Elementary :Sterling

Middle School : River Bend

High School: Potomac Falls High School

                       Special Features about the home:

** Beautiful brick front "Milne" model Townhome in much sought after Peace Plantation subdivision.

** 1940 finished  square feet on 3 finished levels with 3 bedrooms, 2.5 baths and 1 car garage.

** Backs to common area and has a beautiful yard.
** New Water Heater
** Gleaming Hardwood on entire main level.

** Gorgeous kitchen with ample of cabinets space, double door pantry,  all new stainless steel appliances and space for a table in breakfast room.

** Large Living room & Dining room combo with a French door leading to future deck.

** Convenient powder room on the main level.

** Stupendous Master bedroom with cathedral ceilings, ceiling fan with light fixture, walk-in closet & a private bath.  

** Luxurious Master bath offers soaking tub and an over sized vanity.

** Over sized Secondary bedrooms with large closet space. 

** Second full bath off hallway.

** Finished basement with  recreation room, a cozy wood burning fireplace, washer & dryer closet and a rough in for a half bath. 

** Walk out from lower level to a beautiful backyard. 

** Conveniently Access to 267 Dulles Toll Road, Dulles Airport, Route 28, Route Fairfax County Parkway, Claude Moore Park & Recreation,  Shopping, Dining and other fine Amenities.

 

      

 

     

 

     

 

 

 

Click Here for Pictures & complete details about the home! To schedule a private showing or for additional information about the home for sale in Loudoun county Virginia contact Ritu Desai at Samson Properties Info@eNOVAHomes.com

 

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
Ashburn - Under $500K 2 Car garage New Construction Homes choices for Buyers in Ashburn area.

Buying a new construction home in the Northern Virginia area has a very different experience compared to purchasing a resale home.

 

If you are in the market to purchase a new construction home with a 2 car garage, priced under $500K in the Loudoun county area of Ashburn (zip codes 20147,20148) here are your options along with community snapshot. 

As a long Loudoun county resident & a Realtor I am available to represent and work with your home purchase in the area. 

 


 

Belmont Estate:  This community is located right off Belmont road and very close to Greenway.

Richmond America offers 1 & 2 car garage townhomes starting priced from low $400K with approx. 2000 sq. ft -3000 sq. ft. for a 2 garage. The 2 car garage homes are villa style with 4 bedrooms & 2.5 baths plus basement option.

Belmont Estate Community HOA dues are approx. $124 per month includes a playground, picnic area &  trails. This community has a direct access to WO&D trail.

Elementary schools: Cedar Lane Elementary School 

Middle schools: Trailside Middle School 

High schools: Broad Run High School

 


 

Brambleton: If you are familiar with the area you know Brambleton is a humungous community with more homes to built in near future.

Brambleton HOA dues are approx $180 per month which includes many fine neighborhood amenities plus FIOS internet, basic cable and phone service.

School district depending on what pocket you are purchasing it could be:

Elementary schools: Creighton's Corner Elementary School 

Elementary schools: Legacy Elementary School 

Middle schools: Stone Hill Middle School 

High schools: Rock Ridge High School

 

Currently here are the builders and their details on the home style:

Winchester Homes:  Under $500K they are best bet for the money in regards to SQ. ft. to the value. Homes have front load 2 car garage with approx. 2800 + SQ. ft. However, they are down to the handful of sites. 

 

Miller & Smith: If a contemporary home is your style you will love Miller & Smith's townhome collection. The garages are in the rear however, they do have a driveway space for parking. Biggest selling point is their open concept of the main level. 

 

Van Metre: They have the largest collection of homes to choose from in the price range. Priced from mid $400 to under $500K. Their Southbend collection is located towards the South of Brambleton community with approx. 2300+ SQ. ft. rear car garage townhome. While Brixton Collection offers similar to their Southbend just in the different section of the Brambleton neighborhood.Van Metre's Devonshire collection is 2 level villa style townhome priced also from high $400K. 

 


 

Loudoun Valley Estate: Toll Brother premium community is located very close vicinity to Brambleton. It also has all the fine amenities like Brambleton however, HOA dues do not include the internet, cable or phone is included.

Toll Brother's Fairmont series offers townhome with rare car garage, 4 bedrooms, and 3.5 baths approx. 2300+ SQ. ft. 

Toll Brother's Heritage series: Even though Toll Brother has base priced at $499K this series when priced with options and lot premium comes out around mid to high $500K or even in $600s.

 

Elementary schools: Rosa Lee Carter Elementary School 

Middle schools: Stone Hill Middle School 

High schools: Briar Woods High School

 


 

Moorefield Green: This community is located to walking distance to future silver line metro. However do note Loudoun county passed the ordinance the community residing close to the metro have to pay metro tax.

 

Moorefield Green HOA dues are $100 per month which includes: Bike Trail, Common Grounds, Community Center, Exercise Room, Jogging / Walking Path, Party Room, Pool - Outdoor, Tot Lots / Playground and biggest convenience lawn maintenance. 

Toll Brother's The Amberlea collection: Toll Brother's Amberlea series offer a fusion of home collection from Loudoun Valley's Meadows & Fairmount. Priced from low $400K with 2 car rear car garage townhome with 4 bedrooms and 3.5 baths. 

 

Toll Brother's The Freemont Collection: Bit larger than the Ambrelea collection home but very similar style with 4 bedrooms, 3.5 baths & 2 rare car garage. Priced from mid $400K.

 

Elementary schools: Moorefield Station Elementary School 

Middle schools: Stone Hill Middle School 

High schools: Briar Woods High School

 


 

The Preserve at Goose Creek: Goose Creek is located right off Belmont Ridge and close to Greenway. The neighborhood like Loudoun Valley & Brambleton has all the fine amenities that homeowners never have to leave the community. Apart from that, this community is located conveniently to Goose creek shopping center & Ashburn library.

 

Brookfield Homes: Brookfield offers 2 beautifully designed homes with loads of standard options that you will have to purchase with other builders. Priced from low $400K to mid $400K. 

  

Elementary schools: Cedar Lane Elementary School 

Elementary schools: Moorefield Station Elementary School

 

Middle schools: Trailside Middle School 

High schools: Briar Woods High School

 

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
2015-2016 When are Real Estate Tax Payment Due in Northern Virginia?

When selling your home or purchasing a home in Northern Virginia many of us will read the line item for Real Estate Tax Assessment. This is where the real estate tax payment is escrowed (if you are a purchaser) and/or receive a credited or collected from the seller/purchasers depending on the month and date of closing. Northern Virginia counties collect the real estate tax bill twice a year. 

However in most cases if you have a mortgage the lender gets the bill and they pay it from the escrow they collect every month. For few who are fortunate to have no mortgage or lender allows you to pay your own tax bill you will need to stick a reminder to pay the bill on time to avoid penalties or worst case lien on your home.

 

Northern Virginia real estate market is a huge source of income for local jurisdiction for funding roads, schools and other local amenities to the residents.

Here is the break down of all the local cities & county the due date and their websites:

City of Alexandria - The first half of the tax bill is mailed in May and is due by June 15. The second tax bill is mailed in October and is due by November 15. Tax Rate is $1.043 for every $100

City of Fairfax :-  The first half of the tax bill is due on June 21 and second half tax bill is due by December 5.Tax Rate is $1.052 for every $100.

The City of Arlington- Payment is made to the Treasurer's Office in two installments, dueJune 15 and October 5. Tax Rate is $0.996 for every $100.

 

City of Falls Church- Payment is made to the Treasurer's Office in two installments, due on June 5 and Dec 2. Tax Rate is $1.305 for every $100.

 

Town of Herndon-Tax bills are mailed out 3 to 4 weeks prior to the due dates. The due dates are July 28 and December 5 each year. Tax Rate is $0.265 for every $100 + Fairfax County Tax Assessment.

 

Loudoun County- The first half of the tax bill payment due on June 5 and the second half payment due on December 5Tax Rate is $1.135 for every $100.

Fairfax County-Tax bills are mailed out 3 to 4 weeks prior to the due dates. The due dates are July 28 and December 5 each year. Tax Rate is $1.090 for every $100.

Prince William County- Similar to other jurisdictions tax payments are divided into two equal installments. Payment for the first installment is due on July 15 and payment for the second installment is due on Dec. 5. Tax Rate is $1.1936 for every $100.

 


New Construction- If you are purchasing a new construction home most of the counties & cities will send out a supplement bill that will show the adjustment of the tax due. Speak with your closing agent on what to do if you receive a supplemental insurance bill. 

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
2016 -TOP 10 Housing Design Trend desired by Buyers in Northern Virginia Area
http://actvra.in/4LR4

 

Countdown to 2016 is almost here!!! Personally, I thought this year went by very fast!

Here are the 2016 housing trend I think that buyers and sellers will be looking for in the Northern Virginia real estate market.

1. Bookshelves are OUT: DC Metro area is very tech savvy. Kindle, tablets and other e-readers have replaced the intellectual collection of books displayed in a room. If you are still a book lover and would like to display your collection minimize the number of books and add art or decorative pieces to break down the nerdy look of the bookshelf.

2. Granite: Granite is still leading as a countertop material with most of the home buyers and sellers in the Northern Virginia area. If you have laminate countertop think about investing and upgrading your kitchen to granite countertops. Prices have come a long way down when it comes to countertop investment. 

3. Large Showers Stall: With our crazy busy lifestyle, environmental friendly buyers and shrinking space of the size of the rooms homeowners, buyers and sellers are opting for a large shower with a seat. Many of the Fairfax & Loudoun county home builders do offer luxury or spa shower in lieu of soaking tub. If your master bath is tied on space think about removing that gigantic soaking tub into a luxury shower stall. If you are remodeling estate home do keep the soaking tub but think about expanding your shower stall.

4. Flooring: Hardwood and engineered hardwood is still the trend in the DC Metro area. Fading away is laminate flooring. Tiled is preferred in bathrooms and kitchen. Carpets are sort of in between trend. Many adults and kids have allergies or dogs which shed a lot of hair they prefer easy cleanup wood flooring.

5. Neutral Color Palate: Unfortunately if you have a colorful style palate in your home you will be recommended to paint neutral color before listing your home. Grays and beiges are still here as a major color scheme in the home while staging for sale. 

6. Major Appliances Upgrades:  If you want to leverage your home for sale in the Northern Virginia Real Estate market home buyers are looking for a turn in condition. They are looking for homes that have upgraded HVAC system, water heater, windows, roof and kitchen appliances. Yes, many of these upgrades may not return all your investment but it will give you a competitive edge if the market is slow.

7. Outdoor Living Space: Like major appliances buyers in the Northern Virginia are looking for outdoor space especially in the spring to fall real estate market. If you don't have a deck or a patio on your home invest in a decent size. We are not asking to upgrade to finest material or go overboard while designing an outdoor space. Anything simple that a family can enjoy is what buyers are looking for.

8. Finished Basement:  Most Northern Virginia homes have 3 levels. Finishing a basement in a single family home can be a significant cost plus stress on the homeowner. Home buyers prefer to have a partially or fully finished basement. Apart from having a finished basement buyers are also looking for an exit from the basement. This may not be doable for older homes but newer homes that will be expected by the home buyers.

9. Garage Parking: Whether you are selling a condo or a single family home homebuyers prefer to have a covered parking for their beloved car. This trend is HOT but physically impossible to add if you are reselling a home. However if you are purchasing a new construction home in Northern Virginia don't overlook parking this feature.

10. Community Amenities: While buyers are willing to drive extra miles and sit in frustrating Northern Virginia traffic they are not willing to compromise on community amenities. Many of the communities in the Loudoun county suburbs have features like pools, basketball, tennis courts apart from physical amenities buyers are looking for a sense of the community with social events for a family to be part of rather than driving to participate in the events. While selling enhance and share your pride of community social amenities.

 

Hope the above guide will help you plan out your home for sale in Northern Virginia area of Fairfax & Loudoun county.  Speak with your local Northern Virginia Realtor® to help you plan your home sale.  

 

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
5 Things TO DO NOW Before Listing Your Home For SALE in Fairfax or Loudoun County of Virginia

Instead of getting shocked with all the defects the buyers' home inspector finds about your home why not take a few steps ahead of the time before listing your home to avoid a feeling of threat that all buyer wants is more money out of your bottom line.


Savvy home seller from Northern Virginia here are 5 simple pre-inspection items to avoid headaches later:

1. Pest Inspection- You want to give curb appeal to your home. Adding that mulch is great but depending on the source you get the mulch from it can attract termites or we see marching termites from neighbors home. Especially in spring market we see the termite come up to the surface. Why not hire a local pest company who can inspect the home ahead of the time for any sign of insect or pest issues. The cost is significantly lower and you can budget to get it treated upfront.

2. HOA Violation: In Northern Virginia a buyer has a right to receive Homeowner Disclosure package. To complete this package, your HOA may come out to your home for visual inspection of the property. As a part of the inspection, they may cite you for any violations under by-laws you may have to correct it. Yes, you can negotiate with the buyers to inherit the standing violations. For example, you have not painted your exterior of the house in years, it is now a good time to walk around your home and take care of any issues that may come up on HOA violation list. Torn or missing screens are another commonly cited items from HOA. Another option would be to contact your HOA and ask them if they can conduct a visual inspection. Some may charge you a small fee. Won't be great for a buyer to receive a package that says "No Violations!"?

3. Interior Inspection: Many of us have lived in our homes for years. Many of the issues as a home owner we have overlooked or ignored or learned to live with it as part of our busy lives.  Now it is time to get a contractor to come out and repair all the items that were on your to-do list for a while. I have recommended in some cases my homeowner  hires a professional home inspector prior to listing the home. If any major issues we can either disclose upfront, correct or adjust the list price to reflect the work needed.

4. HVAC System- If your system is original or older have a professional service the system. Ensure you have changed all the filters, cleaned the vents especially the return vents in your hallway. If it has spider web & dust bunny dangling clean it. Along with shining your home clean up the vents.

5. Smoke Alarm- Northern Virginia contract now calls for working smoke alarm. If you have only changed the batteries when it is dying this is your time to get a ladder and push the test button. If the other don't set off you need to buy new smoke alarms.

One extra bonus:
Don't just get Carpet cleaned- I have few homeowners who are all thrilled about getting old rugged carpets cleaned but forgot loose and wrinkled carpet can be a trip hazard. Get your carpet company to stretch the carpets if there is a trip hazard. 
 
Lastly, speak with your local Northern Virginia Realtor. He/She will help you guide through getting your home ready for any market in the Fairfax & Loudoun county of Virginia.

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
Real Estate Red Flags - Cash buyers but no Proof of funds But wants to Purchase a Home!

After working over a decade in the real estate the industry, the freshness of the new challenges keeps us young.

I got a call from a potential buyer who wanted tobuy their first investment property. They were a referral from a past client of mine. I offered them to meet at my office for initial buyer consultation to understand their investment goals & criteria. 

After 10 minutes into our meeting, they start unraveling where they got their idea about investment.

They recently attended a seminar about "How to become Rich by Investing in Real Estate."  They met some of the past investors at the seminar who advise them to go and find a good deal!

These buyers did not have any CASH to purchase an investment but if I found them a good deal they have hard lenders that will finance them.

Like NFL referee, I started throwing red flags in my mind as they were sharing about their experience from the seminar. 

I told them I would love to help them, but they will need to get a letter & proof of funding guarantee them funds before we can preview/write an offer on any homes. Our meeting ended with an agreement that they will speak with their hard lender and get back to me. As expected, I did not hear back from them till one day....

Fast forward few months later I got a call from them. They end up bidding on a property in the Northern Virginia area. They put down $10000 deposit (which they took a loan from their 401K) with not contingencies. The reason, for their call, was they were strangled in a situation.

Their hard lender cannot back them up to purchase this dream investment property. They don't qualify for a traditional mortgage due to their debt to income ratio. They wanted my advice. If I knew a magic trick to get them out of this contract without loosing their hard earned $10000 deposit. 

Unfortunately, we are just real estate agents. I asked him to hire a real estate attorney. Have his Realtor speak with his broker & see if they can renegotiate the terms and void the contract.  

Out of my curiosity, I asked him "How did their Real Estate agent got the sellers to accept their offer without proof of funds?"

I could sense regret in his voice, They submitted an a strong offer that was non-contingent and closing in 10 days with the deposit at risk if they did not close. Well, another red flag. 

I feel sorry for these folks about a very hard lesson learned. 

 

 

 

 

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
As a Real Estate Agent - Do you need to Register your Drone?

In Real Estate, we are lately talking about the coolest tech toy in the industry AKA Drones.

Many of the Realtor I have spoken with have expressed they are planning to take aerial pictures using drones. I know a home inspector who uses a drone to check out the roof. Apart from real estate agents, many of them are planning to give a gift during the holiday to our techie friends and family.  

When FAA announced after numerous incidence that drone owners have to register their drones, lot of us were scrambling if the device you have needs to be registered. Along with the registration required announced the FAA released its own list of droneexamples that require registration, but it’s not very thorough.

Thanks to geeks at Wired magazine they published a simple chart to help you figure out your drone needs registered or not. Here is a link with Wired Magazine Drone Simple Chart

Did you know if have a drone that weigh more than 0.55 pounds to 55 pounds you will have to register?

 

Photo Contribution:http://www.freedigitalphotos.net/images/drone-photo-p319029

POSTED BY

  
                              
Associate Broker 
MRP, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties 
Cell - 703-625-4949 
Email - info@eNOVAHomes.com 
Web: www.eNOVAHOMES.com
 


 
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