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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 buyer-Beware of SCAMS after Closing on your Home

The thrill of the closing day can be truly felt by the glow on the home buyers face in that conference room.  However once you buy a home beware of the following scam that has been ongoing and targets newly home owners in the Northern Virginia area.

After you sign the closing documents the deed and the note is recorded at the court house. This becomes a public record which includes your name, lien holders name, purchase price and the loan amount.

Now here is where the scam happens:

Very legitimate letter you'll get  saying your loan has been transferred to another bank, and that you should start sending your payments to the new bank instead. Many times the lender you got your loan from may sell your loan after closing.

How to do you check if it is a scam or not?

Now, your loan might really be transferred to a new bank, but don't take the letter's word for it.  Call your bank using the phone number on your loan documents (NOT the number on any letter you receive about the transfer!), and ask them to confirm that your loan was really transferred to who the letter says it was transferred to. If you don't have it handy reach out to the loan officer who helped you with the loan process. They should be able to confirm if and whom your loan has been sold to.

 

Image courtsey of  http://www.freedigitalphotos.net

Posted by

 
                             
Associate Broker
EcoBroker, 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
 


 
25 Reasons Why your Home is Still on the Market.

 

 

Every home seller wants to be in and out of the market place. However there are many times we come across a home that has been on the market XXX number of days. While making scratch their heads why their home has not sold. 

Here are 25 reasons why your home did not sell in the real estate marketplace. There are some reasons that are well within your control while others may be beyond.

 

1. Over priced home.

2. Mess & Clutter.

3. Bad pictures on internet.

4. Dark & Gloomy home.

5. Lack of Maintenance.

6. MOLD!

7. Stinky & smelly.

8. Restrictive showings.

9. Being a Helicopter seller- Hanging around when showing home.

10. Smokers.

11. Pets & pet odor.

12. Your home is stuck in its era.

13. Emotionally attached seller.

14.  Very personalized home.

15. Selling home AS IS

16. Competing with new construction.

17. Bugs and Critters.

18. Wall paper.

19. No curb appeal.

20. Time of the year you are selling your home.

21. Bad location of your home site.

22. Non competitive buyer agent compensation.

23. Rental property.

24. Layout of your home.

25. High inventory in the  area.

 

From the above list most of them can be over come by working with your professional local Realtor, stagger & contractors.

 Image courtesy of - http://www.freedigitalphotos.net

Posted by

 
                             
Associate Broker
EcoBroker, 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
 


 
Does Refinancing Your Home Makes Sense? 3 Questions That will Help U

With the drop in the interest rate many of my past clients will touch base with me to ask either what the current value of their home is or if it is worth for them to refinance. I am not a lender or a financial adviser so seek professional help. I am a home owner and the way I look into making this decision whether to refinance or not is below:

1. How many years I do plan to stay in the home-  If for more than 5 years reconsider refinancing your home may make sense.

2. Cost Associate to Refinancing versus savings- Remember there is no such as zero cost refinance. Speak to your lender to under where the hidden cost of refinancing is. If you are investing in refinancing learn how long it will take you to break even the saving compared to expenses to refinance your home.

3. Goals to Refinance- This is far more important than the above reasons. Many home owners refinance either to cash out, consolidate debts, drop PMI, ARM to fix mortgage etc. What ever your reasons or goals are compare your current monthly payments and lifestyle to what you are targeting yourself for.

 

Little Extra - Use online calculator to help you figure how much you will safe if you refinance over keeping current mortgage scenario. If you are still confused meet with a local lender who can schedule a face to face meeting to help you understand your choices.
2014 Must Visit Water Parks in The Northern Virginia Area-Things to do with Kids in Virginia
http://actvra.in/4j92

 

Bring on the summer heat .....And soak, splash and slid

e in the cool water.

Don't have to spend time flying or driving around this summer...Northern Virginia has 6 fun local water parks that will keep everyone happy and biggest thing kids won't say "I am bored."

 

1. Atlantis Water park: You don't have to fly to Bahamas for this fun filled park. Located in Fairfax county, Centreville Virginia. The park offers fun activities for all ages including my favorite big bucket with 1000 gallons of water drop.
Address: 7700 Bull Run Drive Centreville, VA

2. Great Waves Waterpark: Located in heart of Alexandria, Virginia. Big and fast slides to body surfing in wave pool plus a separate section for the little munchies to have hours of fun in the water. 
Address: 4001 Eisenhower Avenue, Alexandria, VA

3. Volcano Water Park:
Sterling & Loudoun County residence don't have to travel too far fun is right in the backyard. Volcano Island water park has twin 140 feet long slide plus shallow pool with plenty of activities to spend in summer.

Address:47701 Fairway Drive, Sterling, VA


4. Water Mine Family Swimmin' HoleThis is a small and unique park more geared towards younger kids about elementary age group kids. However the park is situated near Lake and other activities that older siblings can enjoy. Located in Fairfax County Reston area.

Address:1400 Lake Fairfax Dr, Reston  VA

5. Ida Lee Water Park: Just want to relax...board on a raft and float on 600 ft long lazy river. This fun outdoor section of the Ida Lee park open couple years back and it has been a big attraction for not just Loudoun resident but in and around Northern Virginia.

Address: 60 Ida Lee Drive Northwest Leesburg, VA 

6. Splash Down Water Park: Few minutes from historic Manassas this park offers what you don't want to drive far for...a beach in the city!!Splash Down has been the most attractive water park for years in our family. It is a largest of all the water parks in the area. From lazy river, twister slides to cannon ball slides....it will be fun filled afternoon.

Address:7500 Ben Lomond Park Drive, Manassas


Local Insider tip:
To avoid standing in lines to purchase tickets now you can purchase a summer pass or individual park tickets for your family at NVRP site. It is not only cheaper but you can purchase multiple access entrance pass and enjoy access to so many parks in the Northern Virginia area. And passess are valid for one year!

Apart from the online pass I have seen local Groupon and Living Social deals for the park entrance.

 

If you are relocating or buying or selling team up with a Local Realtor Ritu Desai at Samson Properties, who knows the market and the Northern Virginia area!

Image courtsey of http://www.freedigitalphotos.net

Things to do with Kids in Summer - Free Adult Entrance Ticket to Newseum in Washington DC

Don't we all love the word FREE!! Thanks to Bank Of America's “Museums on Us". 17th year, and its longevity reflects its popularity with both their customers and partners in the art museum world.

So if you are planning to visit Washington DC or you are native of DC Metro area like me and would like to visit this summer Newseum

How to get your FREE entrance Ticket:

To qualify for the Museums on Us program, Bank of America and Merrill Lynch customers simply present their credit or debit card and a valid photo ID to gain one free general admission to any participating institution. Admission is limited to the cardholder and excludes fund raising events, special exhibitions and ticketed shows. This promotion is not to be combined with other offers. For more information about Museums on Us and to view a full list of institutions, visit http://museums.bankofamerica.com.

 

If you are not a Bank of America member no problem...Newseum does have other promotion.

 

Image courtsey of http://www.freedigitalphotos.net

 

Posted by

 
                             
Associate Broker
EcoBroker, 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
 


 
DC Metro- Has Real Estate Market Slow Down compared to last year?

OVERVIEW

In April, buyer activity remained lower than the previous year in the Washington DC Metro Area. Both closed sales and new pending sales were below their levels from this time last year, with all property segments posting declines in each category.  However, some of the decline in closed and pending sales was due to a decrease in short sales and foreclosures.  After 2008, like the nation, the DC metro region had an increasing number of bank-mediated sales.  The number of bank-mediated sales peaked in 2010 and has since been declining, falling from 15.1 percent of total sales in April 2013 to 10.7 percent of all sales in April 2014.  While this decline is a result of fewer distressed properties in the market, it has also depressed the total number of sales.  Closed sales decreased 8.3 percent, or by 350 sales, but non-bank mediated sales only fell by 3.5 percent, or by 127 sales.  Bank mediated sales declined 35.0 percent, or by 223 sales, and accounted for 63.7 percent of the decline in total sales.  Bank mediated sales had a similar role in new pending contracts, accounting for 42.5 percent of the decline in new contracts, despite being a smaller share of the market.

 

CLOSED SALES 
Fourth consecutive month of year-over-year declines; higher April-level than 2012 and 2011. For the fourth consecutive month, the number of closed sales in the Washington DC Metro Area decreased from the prior year. 

 

PRICES 

Highest April-level since 2007; 27th month in a row of year-over-year increases. At $412,500, the median sales price in the Washington DC Metro Area increased 3.1 percent from this time last year. This is the 27th consecutive year-over-year increase and the highest April-level in seven years. The median sales price for townhomes had the largest increase from last year, rising 7.8 percent to $415,000, which matches the highest level on record for this segment.

 

NEW CONTRACTS 

Fifth consecutive year-over-year decrease; declines in all property segments. There were 5,644 new contracts signed in April, 8.5 percent, or 527 contracts, fewer than this time last year. This is the fifth consecutive month of decreases for this indicator.

 

INVENTORY 

Seventh consecutive year-over-year increase in active listings; mild increase in new listings. There were 8,871 active listings in the Washington DC Metro Area at the end of April, which is 24.5 percent, or 1,748 listings, more than this time last year. Active listings have now increased from the prior year for seven months in a row. Despite this increase, active listings are 65.8 percent lower than their September 2007 peak.

 

For complete report visit RBI

The DC Metro Area housing market includes: Washington, D.C., Montgomery County and Prince George’s County in Maryland, and Alexandria City, Arlington County, Fairfax County, Fairfax City, and Falls Church City in Virginia.

POSTED BY

  
                              
Associate Broker 
EcoBroker, 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
 


 
Easy way to Find out FDA Recalled Products at Glance
http://actvra.in/4hzH

While readinRECALLED – Hummus and dip productsg one of my favorite website Lifehacker they had wonderful article/ idea about how to find out Recalls. The tip was to follow FDA Flickr account you can get visual information about the product recalls. The recent one they had which I had at my home was Trader Joe's dip. While I used it up and thank God we did not have sickness but a quick check to the website would have saved someone from very exterme scenario.

 

 

Here is a link to FDA's flickr account

 

 

 

 

Posted by

 
                             
Associate Broker
EcoBroker, 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 Insider Secret to Maximizing Return of your Investment While Selling your Home in Northern Virginia

Many of us live day in day out our lives without putting too much time and/or effort in updating the home for which we work so hard.

Biggest complain I have heard is home owners don't have time! Yes, we do have crazy work and personal life. 

Here are 5 tips for home sellers to update slowing and gradually to get your home ready for the market in the Northern Virginia area:

 

1. Paint- Yes you have heard millions of times. But a coat of paint including your ceiling can do a magic to your home. It adds freshens to brightness to your home.

2. Flooring- Get that dirty carpets either cleaned or budget to replace them. If you have beaten up hardwood flooring or peeling vinyl consider replacing it also. You have many choices now from engineered hardwood to peel and stick tiles.Don't limit updating the flooring to main level, consider bedrooms and baths.

3. Appliances- Kitchen is considered heart of the house. Pump some money. With 4th of July or Labor day sales many of the home improvement stores may have large sales. Start budgeting and planning. I recommend my home sellers replace now so you can enjoy the money you are spending on updating that appliance.

4. Curb Appeal- If you are planning to be on the market in spring through fall make sure you plan the curb appeal. Many times buyers loose their interest moment they pull infront of the home. Get fresh mulch, prune trees and shrubs, plants some bulbs and add planters with colorful flowers.

5. Declutter- Do you still have your inherit sofa from apartment or the TV from 80s. Well walk room by room and do a clean up. Donate things you don't need to move with. This one thing itself will add value and help your home look clean and fresh.

 

These basic updates will help any Northern Virginia home sellers in Fairfax or Loudoun county to get their home ready for any real estate market.

 

Posted by

 
                             
Associate Broker
EcoBroker, 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
 


 
Estate Home in Much Sought after Lowes Island/Cascades/River Crest in Sterling VA 20165
http://actvra.in/4gKX

Ritu Desai & Samson Properties Presents New Listing...

 Everything you dreamed in the home is in this HOME!!!

MLS# LO8350052

  OPEN HOUSE:  May 17th & 18th From 1 PM- 4PM

Address: 20366 Cliftons Point Potomac Falls VA 20165

Subdivision: RiverCrest / South Bank

List Price: $759000   Year Built: 2001

HOA fees & Amenities:  Outdoor pool, tot lots, walking trails, snow and trash removale Plus swim team, Halloween, Easter & 4th of July celebration. For a HOA fee of $88 monthly!

 Schools:
Elementary :Horizon
Middle School : Senac Ridge
High School: Dominion High School

Special Features about the home:

**  Magnificent Winchester Home’s “Newbury” model with  five bedrooms plus den, three full and one half baths , 2 car garage on a 0.21 acres in much sought after River Crest neighborhood.

**General features –Sprinkler system, Zone heating & cooling, central humidifier, attic fan, pre-wired for two independent cables every room along with a CAT-5 connection centrally controlled in network box in basement, updated light fixtures and freshly painted.

**Gleaming wood flooring on main and upper level.

**Dramatic two story foyer entrance with palladium window.

**Classy formal living & dining room separate with a gallery area.

**Large study/library on main level.

**Updated powder room off the hallway. 

**Contemporary gourmet kitchen with island, granite counter tops, abundance of 42” cabinet space, glass backsplash, stainless steel French door refrigerator, dishwasher, cooktop with down draft, double oven, microwave, pendant accent lights, gorgeous natural stone Travertine flooring and a huge walk in pantry.

**Perfect for everyday living needs a large breakfast area with recesses lights and French door leading to beautiful backyard.

**Expanded grand family room off kitchen with wall of windows, maple hardwood flooring,  recesses lights, stone accent wall, cozy gas fireplace and ceiling fan with light fixture.

**Stupendous Master suite with sitting area, ceiling fan with light fixture, desirable his & her walk in closet. Master bath offers luxurious soaking tub with jets, separate shower, marble tiled flooring, dual vanity sink and water closet.

**Convenient private updated second full bath off the hallway.

**Oversize secondary bedrooms with spacious closet space pre-wired for ceiling fan & cable.

**Fully finished lower level walk out level basement with vast open recreation room, home theater with 106" Screen, Wired for 7:1 Premium THX surround sound, den also prewired for media, fifth bedroom, full bath with shower stall and storage.

**No maintenance  approx. 450 sq. ft. Trex composite deck with stairway leading to beautiful backyard.

** Location! Conveniently located to Reston, Herndon, Tyson’s, Dulles Airport, Shopping mall, fine restaurants, golf course, Algokian park, Loudoun County bus transit and many other fine amenities.

 

 

 

Posted by

 
                             
Associate Broker
EcoBroker, 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
 


 
Completely Remodeled Single Family at Town Home Price-Kingston Chase/Herndon VA 20170

Ritu Desai & Samson Properties Presents New Listing...

 Everything you dreamed in the home is in this HOME!!!

MLS# FX8348767

  OPEN HOUSE: May 18th 1- 4PM

Address: 12608 Little Stones Lane Herndon VA 20170

Subdivision: Kinsgton Chase

List Price: $440000   Year Built: 1979

HOA fees & Amenities: Tennise Courts, Club house, Outdoor pool, tot lots, snow and trash removale Plus many clubs like book, children, swim team, children's corner low HOA fee of $338 annunally!

Schools:
Elementary : Clearview
Middle School : Herndon
High School: Herndon


Special Features about the home:

 

**Magnificent single family with brick front, four bedrooms+ den, three full baths, one car garage on a 0.22 acres in much sought after Kingston Chase neighborhood.

**Traditional Sale...no waiting or dealing with the banks!

**Recent upgrades include: Brand new energy efficient windows, water heater, elegant light fixtures, door hardware, custom interior paint, window treatments and  neutral carpets through out the home.

**Professionally serviced HVAC.

** Gleaming bamboo hardwood flooring on main level.

**Classy formal living room with ceiling fan and light fixture.

**Formal dining room offers elegant light fixture, chair molding and gorgeous backyard view.

**Sun-filled, gourmet kitchen with granite counter tops, granite backsplash, abundance of fine cabinet space, large pantry, under mount sink, top of the line stainless steel appliances including stove/oven range, microwave, French door refrigerator and recesses lighting.

**Stupendous Master bedroom with ceiling fan with light fixture, desirable his and her closet. Luxurious Master bath offers frameless shower stall, ceramic tiled flooring and vanity with granite counter top.

**Convenient remodeled second full bath & a linen closet off the hallway.

**Oversize second and third bedrooms with spacious closet space.

**Fully finished lower level with plush Berber carpet flooring , open recreation room, a den  perfect for a home office or a gym with cozy wood burning fireplace. Fourth Bedroom, remodeled third full, ample of storage and laundry area.

**Enjoy this spring & summer on oversized deck with lush landscaped yard and fully fenced backyard.

**Community Amenities includes: Community club house, pool, tennis courts, tot lots, snow & trash removal. Plus various social clubs including a swim team, book club  at LOW  HOA fee of $338 Annually !

**Location!! Close proximity to future silver line, Route 28, 7, Fairfax County Parkway, Reston, Dulles, Sterling, Shopping and dining.

 

 

 

 

 

 

Posted by

 
                             
Associate Broker
EcoBroker, 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
 


 
When you Should Schedule Final Walk Thru? & 10 Important things You MUST KNOW

Buyers, sellers and everyone associated to a real estate transaction are thrilled and looking forward to the D day that is closing.

Prior to the closing last step is the ensure everything that was requested on the home inspection addendum and the property condition is in broom clean condition.

How early you should schedule a final walk thru while purchasing a home in Northern Virginia?

The answer depends on many things.

How many items where submitted for the seller to repair or replace from the home inspection report.

  • If the list is significant repairs you may want to schedule couple days ahead to ensure everything is completed.
  • If there aren't many major repairs you should still try to schedule walk thru a day early just in case if you bump into any significant last minute walk through issues.

Virginia contract allows buyers to schedule walk thru 3 days prior to schedule closing.

What other thing to keep in mind prior to scheduling the final walk thru?

1. Take your time when you walk through the home for the last time before you become a home owner.

2. If you walk through and the sellers have still not moved out it may be a good idea to re-walk through the home prior going for the closing to ensure they did not leave a mess behind.

3. Yes you can hire a home inspector for the final walk thru. If you have significant items for repairs from home inspection or feel more comfortable rehire your home inspector for the walk through to ensure everything was corrected as needed.

4. Have you received receipts for all the listed items repaired by the sellers?

5. If your Realtor recommends few hours prior to the closing time please keep in mind you may have to negotiate on the closing table if any pending items are from the walk through. Some buyers and sellers can intimate while negotiating face to face.

6. Do know the lenders (most of them) do not allow escrows from last minute issues. You should speak to your Realtor and know your options on how to handle the last minute issues.

7. If there were any HOA violations have they been corrected? If so have you or your Realtor received have a letter from HOA stating the violations are cleared from the sellers?

8. At walk through check all the appliances they are still functioning as stated in the contract. Run that dishwasher, washer dryer, garbage disposer, garage openers, stove, flush toilets, fill the sinks and oven etc. Everything and anything in the home must be rechecked to confirm it is operating.

9. You will sign off on the form for a final walk through that reflects you had an opportunity to final walk thru and you are happy with the property condition.

10. Buyers please be reasonable. Our contract says is property to be delivered in "broom clean condition". Now this is where I mean be reasonable. Everyone has different standards of cleaning if there is dust or counters are not as scrubbed as your standard of cleaning may be discuss with your Realtor about your concerns and see if this falls under reasonable or you may want to request a professional cleaning service.

SOLD -Villa Style TownHome For Sale-Gated Community Belmont Country Club

Ritu Desai & Samson Properties Presents New Listing...

Toll Brother "Lindenhurst" End unit Model with 3 Finished levels with Private Treed View.

MLS#LO8301025    

Address: 19956 Presidents Cup Ter Ashbrun VA 20147

Subdivision: Belmont Country Club

List Price: $524900   UNDER CONTRACT IN A WEEKEND and SOLD FOR $508000

Year Built: 2004


HOA fees & Amenities: Lawn maintenances, basic cable & internet service, community center, golf course membership available, pool, exercise room, club house, tennis courts, basket ball court, walking trails and tot lots at HOA fee of $245 month!

Schools:
Elementary : Newton Lee
Middle School : Belmont Ridge
High School: Stone Bridge



Special Features about the home:

**Magnificent Toll Brother’s “Lindenhurst” End unit model with brick front, three bedrooms, den, three full and one half baths with two car garage.

** Traditional Sale...no waiting or dealing with the banks !

**  Premium lot with Private back yard with treed view.

**  Dramatic two story foyer entrance with a skylight.

**  Recent upgrades include– Brand new windows on upper level, elegant light fixtures, freshly painted interior,  synthetic epoxy garage floor and brand new neutral carpet through out the home.

**  General features include - two zone heating & cooling, central humidifier, attic fan, pre-wired security system and three ceiling fans with light fixtures.

**  Gleaming hardwood on entire main level.

**  Classy formal living room with vaulted ceilings. Formal dining room offers elegant light fixture, chair & crown molding.

**  Sun-filled and oversized gourmet kitchen with granite counter tops, abundance of 42” cabinet space, newer black appliances including gas stove/oven range, microwave, refrigerator and recesses lighting.

**  Green room extension off kitchen with skylight, space for breakfast table and French door leading to deck.

**  Family room off kitchen with recesses lights and cozy gas fireplace.

**  Stupendous  Master suite with Cathedral ceiling, ceiling fan with light fixture, desirable walk in closet. Master bath offers luxurious soaking tub, separate shower, ceramic tiled flooring, and dual vanity sink.

**  Convenient private full bath & a linen closet off the hallway.

**  Oversize second and third bedrooms with spacious closet space.

**  Fully finished lower level with open recreation room, full bath, a den perfect for a home office or a gym and storage.

**  No maintenance composite deck with stairway leading to the fully fenced backyard.

 

Location! Close to Greenway Toll Road, Route 7, Leesburg,Loudoun One, Recreation Center, Shopping, Restaurants and much more.

 

 

 

 

 

Low Appraiser? But I thought it was sellers market-What is Going on in Northern Virginia Real Estate Market?

Northern Virginia just like many part of the country went through a fast pace gain in the real estate market place for past few years. Pricing were creeping up every month.

Since the beginning or I would say last quarter of the 2013 real estate market has dramatically shifted. We had extreme winter weather, huge dark cloud of government shut down and many changes to government contracting world that has caused changes in work place for many of the residences.

What has remain stable in the Northern Virginia is still strong economy, low interest rate and unemployment.

With this chaos in Northern Virginia real estate market we are running into low appraisal issue.

As we all know the appraisers look at the stats from past 90 days. We are not seeing that big surge in pricing with the spring market. Yes the good homes are still getting multiple offers while some other homes have been on the market for a month.

This chaotic market place may be a better place to be for a buyer. Northern Virginia home buyers do have a decent inventory to choose from. If you don't want to fight the multiple offer situation it may better for you to consider the home that has been on the market for a while and negotiate a better price on home. If the home needs bit TLC don't shy away. Assuming you have funds to make the immediate improvement or speak to your lender if there are improvement loan options.  

On the flip side, as a Northern Virginia home seller what you can do to ensure your home does not run into low appraisal. You can priced it where you think the appraiser can have a tolerance. Yes you want bit more than last home however be prepared to justify. You can justify by providing list of home improvement. Highlight the upgrades that you have compared to recently sold homes in the neighborhood. Yes, the appraiser does not have to take that into consideration but can refer if they need to adjust the value.

Working with local Northern Virginian Realtor in Fairfax & Loudoun county will be the best way to help you understand the constant changing real estate market. 

Northern Virginian Are you ready for Hurrricane Season-Tax Saving From May 25th-May31st 2014
http://actvra.in/4gwZ

 

I know we just got off the blizzards and crazy winter weather. But with warm summer we have to be prepared for the upcoming hurricane season with starts from June 1st.

Once again the Virginia State offers sales tax savings if you purchaser any of the items from the participating stores/online during the seven-day holiday begins at 12:01 a.m. on May 25 and ends at midnight on May 31.

Here is a list of some of the items that are listed under emergency prepardness:

 NEW- Chainsaws
Portable generators and generator power cords
Inverters and inverter power cables

Artificial ice, blue ice, ice packs and reusable iceBatteries (excluding automobile or boat batteries)
Any portable self-powered light sources including Flashlights,Lanterns and Glow sticks
Portable self-powered radios (including self-powered radios with electrical power capability)
Tarpaulins, plastic sheeting, plastic drop cloths, and other flexible waterproof sheeting
Bungee cords, rope
Duct tape
Carbon monoxide detectors
Smoke detectors
Fire extinguishers
Cell phone chargers
First Aid Kits

For complete list click here

FAQs for the Consumers: Which I thought was great for folks who don't want to deal with going to store or cannot make it during that period.

Internet Purchases

I wish to purchase an eligible item during the sales tax holiday over the Internet. Will this order qualify for the sales tax holiday exemption?

Yes. Items purchased over the Internet will be treated as exempt if 1) the item is both delivered to and paid for by the customer during the exemption period; or 2) the customer orders and pays for the item and the seller accepts the order during the exemption period for immediate shipment, even if delivery is made after the exemption period.

For more FAQs here is the link

Who/What causes to break the Deal in Northern Virginia Real Estate Market?
http://actvra.in/4g5b

I work with both sellers and buyers in the Northern Virginia area. Often time we have to go through the hardest part of the real estate break the news that the buyer or seller wants the release from contract.

On one of my recent listing appointment the home owner asked me who breaks the deals in the real estate transaction.

My answer is not one person to blame on. Depending on the situations that leads to release of the contract. Here are few I have noticed over the years that brought the deal down:

1. Home inspectors - Instead of asking the seller to get the right professional to evaluate I have seen the home inspector go above their expertise and scare the buyer of the issue.

2. Lender - If the lender does not have a preliminary approval and does not know their job it can bring the entire transaction to an end.

3. Buyer & sellers - If an issue comes across during the transaction unrealistic/stubborn buyer and seller can also be reason to end a transaction. And in some cases due to sudden drastic situation change may occur and the contract needs to be ended.

4. Realtor- Many times ego/ unprofessional-ism/ inexperience plays out in the real estate transaction and things just fall apart.

5. Friends and Family- Not trusting the people who do business day in and day and seeking help from friends and family who may misguide can also lead to voiding a contract.

So what is the solution?

There are situation which cannot be resolved like job loss or financial disqualification. Things that are in control or have a better solution/options can be worked out by mutual understanding. Best partner will be speak to your Realtor and appropriate professional for recommendation rather than second guessing yourself. Every home will have some issues so think about the home as a big picture and look at your problem from both long and short term goal.

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