ashburn aldie chantilly leesburg south riding stone ridge sterling potomac falls housing market: Fed's Rate Drop Impact Housing market in Virginia - 08/03/19 05:21 AM
The much anticipated Fed Rate drop happened on July 31st, 2019. 
As a Northern Virginia Realtor in Fairfax & Loudoun county, many of my clients are wondering how it will impact our real estate market?

This will come as a surprise to scores of consumers who mistakenly believe the Fed's 0.25% rate cut equates to a 0.25% drop in ALL rates. The Fed only sets its own "Fed Funds Rate" which governs overnight lending between big banks. Unfortunately, the long term mortgage (30-year fix) does have a direct impact with the Fed's bank rate policy.
August is here!
Which means parents (like myself) have to send their kids off … (1 comments)

ashburn aldie chantilly leesburg south riding stone ridge sterling potomac falls housing market: Amazon HQ Impact on Suburb Housing Market - Loudoun & Fairfax - 11/13/18 08:47 AM
Many investors, buyers, and homeowners were hoping and praying the Amazon HQ will land near Amazon's sister site of Cloud Computing AWS offices in Herndon or Dulles area.
After the official announcement of Amazon landing in Crystl City Virginia 22202, many were disappointed Amazon did not make DC Metro Virginia suburbs. 
For folks reading this blog outside the DC Metro area, Crystal City is right outside Washington DC and close to Pentagon. Here is an overview of the location.
Here is are a few thoughts process that will help eventually increase the housing demand in the suburbs of DC Metro area.
Commuters:
Getting to Crystal City from suburb … (1 comments)

ashburn aldie chantilly leesburg south riding stone ridge sterling potomac falls housing market: Talk to a Lender or a Real Estate Agent First? Buying a home in Northern Virginia? - 02/08/18 12:23 PM
Should I Talk to a Lender or a Real Estate Agent First when buying a home in Northern Virginia?
There is tons of information online and everyone has a friend or a family member who is unselfishly willing to guide a naive potential home buyer. 
Northern Virginia comprising of many counties like Arlington, Fairfax, Loudoun, and Prince William. It is considered a very affluent or richest counties around the US with a strong economic engine of the region. This has converted many of our renters into home buyers.
According to a survey, nearly 69% of the people desirous of buying a home … (1 comments)

ashburn aldie chantilly leesburg south riding stone ridge sterling potomac falls housing market: Reflecting Back 2017-Loudoun County Real Estate Market Report - 01/04/18 02:25 PM
Loudoun County had a very strong 2017. If numbers don't lie than here in reflecting back to 2017 real estate market snapshot of the Loudoun County.  We started early on with a warm up in January and continued strong housing demand until late falls/early winter. Loudoun had a perfect combination to thrive in 2017 a milder winter weather conditions, lower interest rate, high demand and low inventory.
 
List price to sales price: As always I tell my home buyers in the Loudoun County area of Ashburn, Chantilly, Leesburg, Sterling, and Aldie we sell very close the list price. No surprise peak of our … (2 comments)

ashburn aldie chantilly leesburg south riding stone ridge sterling potomac falls housing market: 2017 September-Loudoun County Lower Volume but Higher Sales Price - 10/24/17 09:19 AM
Being a Loudoun County Realtor and a resident for close to two decades I can personally vouch we are still a very young county. We will all have to go through growing pains from construction nuisances, high demand for housing, schools, roads and transportation to fast-rising home pricing.
Continuing with our struggle of low inventory in double digits (-15.87%) the volume of homes under contract suppressed last year by -6.54%. Once again focusing on the sales to list price ratio remain at the minimalistic of 0.49%. This means the home sellers in the Loudoun County area received contracts that were close to the list … (0 comments)

ashburn aldie chantilly leesburg south riding stone ridge sterling potomac falls housing market: Broadlands Single Family Home For Sale Ashburn VA 20148 - 05/16/17 12:07 PM
A beautiful home with $$$$$ upgrades throughout the home. Broadlands Single Family Home for sale!Address: 42900 VESTALS GAP DR, ASHBURN, VA 20148 
MLS# LO9933872
List price: $689000Schools:Elementary: Hill Side   Middle School: Eagle Ridge  Hill School: Briar Woods
 
Broadlands Community: $75 low HOA dues includes outdoor pools, sports courts, Tot-lots, walking/jogging path, beautiful common grounds, nature center, trash & snow removal services.
Fine upgrades & Features:Magnificent “Delaware” Model with Four large bedrooms, three full and one-half bath, two car garage on a 0.24 acreage land.
Brand NEW Roof, New HVAC, and Water Heater.
Gleaming hardwood flooring on entire main level and Master Suite.
Premium landscaping with irrigation system.
Elegant Living and Dining room.
Convenient main … (2 comments)

ashburn aldie chantilly leesburg south riding stone ridge sterling potomac falls housing market: Half Yearly 2016 Loudoun County Real Estate Market Report - 07/18/16 11:08 PM
As a local Loudoun county Real estate agent while reviewing the statistics of the mid-year to date 2016 real estate market we have a stable housing market.
 
A typical sluggish start which is expected in the January and February 2016 (Remember winter weather and 3+ feet of snow). The market picked up by April (spring time!) which was reflected by a strong housing market stats in the May and June.
The average ratio of the listing price to the sold price has been close to high 90%. Which means that the homes were sold close to the asking list price. In January again with the … (1 comments)

ashburn aldie chantilly leesburg south riding stone ridge sterling potomac falls housing market: Closing Cost or Reduction in Sales Price What is Best for Home Buyers? - 12/13/15 08:10 AM
As a local Northern Virginia Realtor, we get asked by our home buyers what is the best approach:
Whether to ask the sellers for a seller subsidy/ closing cost assistance OR reduce the sales price?
Here are 2 sides of the transaction thought process:
As a Northern Virginia home buyers, you want the best deal. As a Northern Virginia home seller, they care about their bottom line OR  NET from the home sale.
So what is the best way to handle this.
If you are a home buyer with a short on cash on hand or want to save bringing cash to the table definitely you … (0 comments)

ashburn aldie chantilly leesburg south riding stone ridge sterling potomac falls housing market: 2015-My Favorite Indian Restaurants in DC Metro Area-Diwali Celebration - 10/22/15 11:56 PM
South Asian cultural is associated with henna, curries & colorful clothes. Like Christmas, Diwali is celebrated by many Indians around the world as festival of lights. It marks a victory over evil and for many Hindus it is also beginning of New Year. Living and working in DC Metro area, I feel blessed that I can be part of so many beautiful diversified cultures and many people can be part of my Indian culture. If you wish to be part of the celebration or enjoy Indian food here are my top 5 recommendation for 2015 Indian restaurants in and around DC/Va area. Bollywood Bistro: … (0 comments)

ashburn aldie chantilly leesburg south riding stone ridge sterling potomac falls housing market: Is Loudoun County Virginia Housing Market Strong or Weak?-January 14 - 02/19/14 07:16 AM
 I have mentioned this many times in my past real estate market report for Loudoun county. Loudoun County in Northern Virginia is a unique residential real estate market place.
Builders are trying to meet their number by giving incentive to the buyers like free upgraded kitchen, reduced lot premium etc. While resale home sellers  are trying to attract buyers from new construction with attractive pricing, buy now while interest is low attitude and sq. ft. that the older homes offer.
Loudoun County home buyers are tolled between purchasing in neighboring Fairfax county where they can get some relief from … (0 comments)

 
Ritu Desai, Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949 (Samson Properties) Rainmaker large

Ritu Desai

Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949

Ashburn, VA

More about me…

Samson Properties

Address: 14526 Lee Road, Suite 100, Chantilly, VA, 20151

Office: (703) 625-4949

Mobile: (703) 625-4949

Email Me

Reviews on Zillow 2131431 "Ritu Desai is simply amazing. Her amazing nature is what led me to contact with her and help me to purchase my new home. Ritu Desai made me feel like ... more " 5.0/5.0 by Francis J. Wilson 2131172 "I worked with Ritu Desai to sell my house in Loudoun county. This was my first time selling property and Ritu Desai made it easy and made sure I was ... more " 5.0/5.0 by Julia Keri Fairfax County & Loudoun County -Northern Virginia Real Estate


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