The Jefferson at Ballston: North Arlington Condos for 55+ - 11/16/09 09:04 PM
Two words: Retirement Community. The Jefferson is a Sunrise Senior Living Community. It consists of two high-rise condominium towers within a block of the Ballston Commons Mall and Ballston metro, and as such they get plenty of hits from buyers looking for affordable options along the Orange Line in North Arlington. So why are these condos so cheap?
First, you must be 55 or older to purchase there, and all units come with not only a condo fee (about $100-150/month for a 1BR), but a hefty Service Fee which is mandatory for all residents. Service Fees start at approximately $1925/month … (0 comments)

The Impact of the $6500 Repeat Buyer Credit - 11/16/09 09:00 PM
By this time, most people are aware of the extension and expansion of the $8000 first time buyer tax credit, and many even know about the new "category" of "first time buyers" who are eligible for a $6500 credit. You can read more details here.
Income limits were raised (previously $75,000 AGI for a single up to $125,000), and the new deadline is April 30 (under contract). These changes obviously made a lot of buyers very mad; those who purchased in 2009 but didn't meet the income eligibility now look like suckers (but take heart...at least you had low prices, fantastic … (0 comments)

North Arlington Neighborhoods: Waverly Hills - 11/07/09 10:21 AM
About the Neighborhood
Waverly Hills (often misspelled as Waverley Hills) in North Arlington consists mostly of single-family homes that are primarily in the Cape Cod and Colonial styles, and one story bungalows. Bounded by Glebe Road , I-66, Lee Highway, and Utah Street, it is very close to Ballston metro and major commuting routes like I-66, Rt 29, and Washington Blvd.
The oldest and most significant building in Waverly Hills is the Glebe House, originally built in 1770. The Glebe House was established as a 500 acre farm and provided for the rector of Fairfax Parish, which included both Christ … (0 comments)

Extension and Expansion of First Time Home Buyer Credit - 11/06/09 10:32 PM
It's officially passed the House and Senate, and is now awaiting the President's signature. Along with the extension of the $8000 First Time Buyer credit (now applies to any buyer under contract by April 30, 2010 and settling by June 30, 2010), there is now a new credit category: long-time residents of the same principal residence which has been given the shorthand name of "move up buyers"--though in reality it could just as easily apply to "move down buyers."
If a homeowner has owned and used the same residence as their principal residence for any five consecutive years in the last … (0 comments)

How do I buy and sell a house at the same time? - 11/05/09 10:22 AM
 
Now that the first time buyer rush is nearing its end (unless it’s extended…stay tuned…), and there’s a lack of inventory for entry-level price points (below $450k-ish) in much of our area, this might be the ideal time for owners to start thinking about putting their homes on the market in our area. Yes, despite the holidays coming up…especially if the credit gets extended.
But many sellers worry:
* What happens if I can’t sell my home and I’m already under contract on another?
* What if I have a contract on my home but it falls through?
* What … (0 comments)

Up & Coming in Petworth: Chatting with Mayor Fenty - 11/04/09 09:25 PM

 
 
I happened to stop by a client’s new house today–a fantastic renovation of a rowhome in Petworth–and whom should I see walking down the street but Mayor Fenty himself! He was checking out the neighborhood, shaking hands, etc.–no doubt checking up on all the recent development in the area! He was very interested in the recent sales in the neighborhood, which obviously has been undergoing a lot of changes lately, so we chatted for a few minutes.
Read the rest of the post here.
… (0 comments)

 
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Katie Wethman, CPA, MBA, REALTOR® - Northern Virginia & DC Real Estate

Falls Church, VA

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Address: 6820 Elm Street, Suite 100, McLean, VA, 22101

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A forum for comments, Q&A, and discussion about the greater Washington, DC, real estate market. Learn more about me at www.katiewethman.com


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