For Sale By Owner is Costing You MORE Than Working With an Agent! - 03/31/08 08:15 AM
The Northern Virginia Association of Realtors recently published the following facts:
87% of buyers used a real estate professional to make a real estate purchase
4% of homes sold were For Sale By Owner (FSBO) - the National average for FSBOs is 12%
More importantly, FSBOs sold for about 20% LESS than similar homes … (6 comments)
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Washington Nationals 2008 Home Opener! - 03/28/08 12:04 PM
"Take me out to the ballgame...Take me out to the crowd...Take me out to the Nationals New Parrrrrrrrk...I don't care if I ever get back!"The Nats have their Home Opener at their new stadium this SUNDAY against the Braves! The 2008 Baseball Season is officially upon us!! Visit the new stadium … (2 comments)
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Real Estate Agent and Realtor, Aren’t They The Same Thing? - 03/27/08 09:26 AM
NO! A common misconception is that these two terms mean the same thing for those of us in the real estate profession. In reality, they actually mean:Real Estate Agent: A licensed individual that may represent either the buyer or the seller in a real estate transaction. The agent is supposed to … (4 comments)
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2008 Washington, D.C. Cherry Blossom Festival - 03/26/08 01:00 PM
Beginning this weekend, March 29th until April 13th, Washington D.C. will be hosting the annual Cherry Blossom festival! The Cherry Blossom Festival is an annual celebration of the 3,000 cherry trees originally donated to Washington, D.C. from the city of Tokyo in 1912. This year is marked with events such as … (1 comments)
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A Drop in Foreclosures for Virginia and DC! - 03/25/08 08:27 AM
Good news for the state of Virginia and the District, foreclosures fell in both areas from the month of January to February.The State of VA as a whole, dropped 18.7%, from 5,152 properties to 4,187Fairfax County fell 19.2% and Arlington County fell 12.8%Washington, D.C. saw a 32.5% decrease!!Compare these to the … (2 comments)
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Quality, Fresh Seafood in Arlington, VA - 03/24/08 02:13 PM
I recently discovered a tucked away seafood treasure in Arlington, right off of 395 (S. Glebe Exit). M. Slavin and Sons Seafood has both farm raised and wild caught seafood. From fresh lobster, to trout, tuna, scallops, salmon, etc! If it swims, they sell it!! The fish is fresh and they have … (0 comments)
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February 2008 Real Estate Sales in Mclean, VA - From Keller Williams - 03/21/08 06:12 PM
There were 24 residential properties that sold in February in Mclean, VA. The following are some stats on these properties: Average Sales Price: $1.1M Average Days on Market: 108 Average Difference Between List and Sales Price: about 5% Want to know how these compared to the other areas in Northern … (0 comments)
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New Trend in Recent Markets - Seller Subsidies Up - 03/19/08 07:35 PM
First of, what’s a seller subsidy? A seller subsidy is cash offered out-of-pocket from the seller to offset the sales price and compensate the buyer for things like closing costs, upgrades, etc. It’s a feature used more commonly now than in past markets to attract new buyers by lowering the effective … (3 comments)
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Fed Rate Cut #6 - Interest Rate Down to 2.25% - 03/18/08 01:44 PM
In another anti-recession move, the Fed cut the interest rate again, this time by 3/4 of a point - bringing the current rate to 2.25%. It is the 6th cut in as many months by the Federal Reserve, as they try to stimulate economic growth and prevent a recession. For … (0 comments)
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Station Square Condo, Clarendon, VA - Open House - 03/14/08 03:35 PM
Open House: Sunday, March 16, 1-4 pm
Station Square Condo in Arlington, VA
1205 N. Garfield St Unit 708
2 bed, 2 bath
7th Floor Corner Unit
**2 Parking Spots + LARGE Storage Unit**
$585,000
… (0 comments)
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Fairfax County Real Estate Market Review - February 2008 - From Keller Williams - 03/14/08 03:28 PM
Single Family homes (detached) in Fairfax County (comprised of Reston, Herndon, Mclean, Great Falls, and Tysons Corner) had the following statistics for February 2008:Average Sale Price: $582,866 (down about 14% from 2007)Median Sale Price: $525,00 (down about 10% from 2007)Average Days on Market: 139 (up 5 days from 2007)In February, about 8% … (0 comments)
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Arlington Virginia Real Estate Market - February 2008 Review - From Keller Williams - 03/13/08 09:23 PM
The Arlington, VA Condo Market stats for February 2008 are as follows:Average Sold Price: $375,159 (a 5% decrease from Feb 07)Median Sold Price: $365,000 (only a 1% decrease from 2007)Days on the Market: 69 (Feb 2007 was a close 66)Total # of Properties Sold: 70 (about 15% of the total 480 … (0 comments)
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What Is A Short Sale? - 03/11/08 10:16 PM
We hear about the foreclosure rates going up, and more and more people in financial trouble in this "weakened" economy. So with all of the chatter on foreclosure processes, it begs the question, what's a short sale? And how is it different from a foreclosure? A short sale is the "preforeclosure" … (3 comments)
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New Conforming Loan Limits for the Northern Virginia Area - 03/10/08 09:03 PM
On March 6th, the Housing of Urban Development (HUD) published new conforming loan limits for FHA, Fannie Mae, and Freddie Mac loans. They are now calculated at: 125% of published mean prices, with a floor of $271,050 and $417,000, respectively, and a ceiling not to exceed $729,750.The higher loan limits will … (3 comments)
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The Residences at Station Square, Arlington, VA - Open House - 03/06/08 11:07 PM
Don't miss this amazing opportunity to live one block from the Clarendon Metro in the heart of Arlington Virginia!!
2 Bed, 2 Bath 7th Floor Corner Unit
2 Parking Spots
Storage Unit
$585,000
OPEN HOUSE: Sunday, March 9th, 1-4 pm
… (0 comments)
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Hampton Point Condo For Rent - Reston, VA - 03/06/08 10:41 PM
Situated across from NorthPoint shopping center of Northern Reston Virginia (Blockbuster, Giant, dry cleaners, Starbucks and more...) This perfect 1 bedroom (almost 2 bedroom) with 1.5 bath unit boasts a den divided from main living area by glass paneled french doors. Hardwood floors, large, eat in updated kitchen, full size washer … (0 comments)
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Good News for Northern Virginia Sellers - Grantor’s Tax Repealed - 03/05/08 08:38 PM
As of yesterday, March 4th, the Northern Virginia Transportation Authority has decided to stop collection of all regional fees associated with the grantor's tax - a rate of $.40 per $100 (or $4 for every $,1000). Tax revenue is used to pay (in part) for Hampton Roads improvements, and more. This increase of 400% (up from … (0 comments)
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Fairlington Community Center Renovations - 03/03/08 09:01 PM
The temporarily closed Fairlington Community Center will open this month (March),after undergoing some renovations. The Historic building underwent modernization improvements including new buildings systems, fire alarms and security, new windows, floors, walls, etc. to improve the functionality of the building, environmental efficiency, and community support. Most of the programs will begin … (0 comments)
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Computer Sciences Corporation (CSC) Relocating Their Headquarters to Falls Church, VA - 03/02/08 07:17 PM
In past blogs, I've mentioned that VA has been ranked in the top 5 for best places for business. Companies like Booz Allen Hamilton, and more recently Volkwagen are moving their headquarters to cities like Fairfax and Herndon. Well joining their competition, Computer Sciences Corporation (CSC), a Fortune 5oo consulting company … (0 comments)
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