All About Virginia Real Estate

By Jim Flauaus, Your Tax Problem Solver
(Anchor Tax Relief LLC)
Few people look forward to tax filing season.  Unless you are an accountant who loves tax season, you probably dread this time of year, and you are thrilled when your return is in and your refund is on the way or your tax debt is all paid off. When you sign your tax return and send it in, you may think that tax filing season is finally over, and that the IRS will not be bugging you for another year. That’s unfortunately not the case.  Millions of Americans get letters from the IRS stating they owe more money or asking for more information. So there are times when you may need to revisit your old return and file an amended one. NOTE: If you have back tax debt, are under audit, or have multiple years of un-filed tax returns, we highly recommend readers to reach out to our firm first.  Our...
Comments 2
By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
It's that time of the week again! Welcome to this week's mid-market report, where we discuss the current housing market updates in the Northern Virginia area.Interesting news: the current housing inventory growth rate is declining. I can see two potential reasons as to why: (1) the change in the season impacts the inventory growth rate, and/or (2) buyers are reluctant into selling their home in a buyer-driven market.What does this update mean in the housing market in the future? How are we looking right now towards the end of the year? Let's all find out in today's video.Do you have any questions about the current housing market conditions, or perhaps need help in buying or selling a home? Let's talk!#realestate #realtor #realtorknowledge #realestateguide #midmarketreport #northernvirgi...
Comments 4
By Tanya Spotts, Realtor, The Spotts Team, Northern Virginia
(Long & Foster Realtors)
If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand today’s market and what it means for you.In the recent Realtor Magazine, July 14, 2022, Melissa Dittmann Tracey writes,"Most leading housing economists agree that the market isn’t in bubble territory. While home prices have never been higher, the market today is considerably different than in 2008 during the last housing crash.For one, instead of a housing surplus, like there was in 2008, the nation is facing a severe inventory s...
Comments 1
By Cathy Valdiviez Baumbusch, I'm Cathy. Agent Cathy.
(eXp Realty)
Take a ride with us as we go on the Burke Lake Park Miniature Train.The train is a 1/3 scale Central Pacific Huntington steam engine. The current engine is a replica of the original that was in service from 1967 to 2005.The track is 1.75 miles and it does a loop around and the start and end depot is the same.Along the way, the train passes by a replica of the old Burke train depot complete with a water tower and a windmill.Enjoy this train ride with us.
Comments 0
By Lisa Perry - NMLS # 276329, Northern VA - VHDA, 100% Loans - Jumbo Loans
(FHA, VA, Jumbo, Downpayment Assistance, Conv.)
Within the past almost two years, the furniture industry has come to a slow crawl and it’s not due to a lack of furniture buyers. Many customers have placed orders only to be told it could take 6 months to a year to receive their orders. While other companies may have furniture items in stock, you could still end up not only waiting a long time for your item to be shipped, but pay a ton in shipping costs.  Instead, you may be able to look in your area and find exactly what you need. Second hand storesIf you have places like Goodwill or Habitat Restore, you may be able to find the pieces that you need for your home. This is a great place if you don’t mind putting in a little elbow grease to restore a piece back to its former glory or if you want to change the look all together. The only ...
Comments 2
By Jim Flauaus, Your Tax Problem Solver
(Anchor Tax Relief LLC)
When it comes to your money, there’s only one person that truly has your best interests at heart.  And that person is looking back at you in the mirror.  Handling your own finances and making your own decisions can give you peace of mind and help you avoid a costly mistake. There is a lot to be said for the do-it-yourself approach to your money, yet the go it alone path does have its limitations, especially when it comes to the IRS and back taxes. I help Realtors across the country resolve tax problems with the IRS. Much like you see homeowners go the FSBO route, I see taxpayers that have tried to handle their taxes on their own.  The results aren't always pretty. They sometimes raise red flags with the IRS, resulting in audits, or getting hit with a big tax bill they can’t pay. They mi...
Comments 3
By Cathy Valdiviez Baumbusch, I'm Cathy. Agent Cathy.
(eXp Realty)
Are you interested in moving to Northern Virginia and want to know more about Burke?So who was Silas Burke? Was he famous? A landowner? Politician? Who were the Coffer’s? We’re going to find all this out when we explore Burke VA.For a complete list of parks, shopping centers and things to do in Burke, please click here: https://forms.gle/wET91HBcgV3pKsnb6. Fill out the form and we'll get back to you ASAP!In 1728 Francis Coffer was given a land grant of 378 acres in the area that is now Burke.In 1824 Silas inherited “Woodbury” and married Hannah Coffer - Francis’ great-great granddaughter. He was a farmer, merchant, and politician. Silas brought the Orange and Alexandria Railroad to the area in the 1840s and the whistle stop was called Burke’s Station.Original Burke’s StationBurke's Stat...
Comments 1
By Lisa Perry - NMLS # 276329, Northern VA - VHDA, 100% Loans - Jumbo Loans
(FHA, VA, Jumbo, Downpayment Assistance, Conv.)
Maybe you’re getting ready to move for a job or to be closer to family. Maybe you need more space, so you’re moving up to a bigger house. Maybe you just want to take advantage of the rising value of your home. Whatever your reason is for selling your home, these tips will help you start the process with confidence.There are steps you can take to help bring in more offers and get your house sold faster. We will cover the best tips for selling and advice for how to decide what should you spend money on so that you can get a higher offer on your home. Research Your Local Housing MarketThe first step to selling your home is to be sure it’s the right time to sell your home in your market. Every area is unique and has its own nuances when it comes to real estate. Just because you hear the hou...
Comments 2
By Larry Atkins, Veteran Owned & Operated
(State Wide Realty Co.)
Virginia's Tax Free WeekendAugust 5-7, 2022 Need Some Good News? Well it is that time again for TAX FREE shopping on school supplies, hurricane preparedness items, and energy saving appliances. The Virginia Assembly voted to merge the sales into one TAX FREE weekend to be held on the first weekend of August each year. Please visit https://www.tax.virginia.gov/virginia-sales-tax-holiday for more information on what is included in the sale.State Wide Realty proudly serves South Central Virginia and has been #1 in Real Estate Sales for this area for DECADES! Call Us to help you find your dream Virginia Property at 434-392-6163 or visit our website at www.VaStateWideRealty.com today!311 East Third StFarmville, VA 23901434-392-6163www.VaStateWideRealty.com 
Comments 1
By Lisa Perry - NMLS # 276329, Northern VA - VHDA, 100% Loans - Jumbo Loans
(FHA, VA, Jumbo, Downpayment Assistance, Conv.)
There’s been a lot of talk about mortgage interest rates over the past few years. Throughout 2020 and 2021, rates dropped to record lows, linked mainly to the economic uncertainty felt worldwide amid a public health crisis.As the coronavirus became more manageable with vaccines and precautions in place, the economy started to rebound. Now, interest rates have started to rise as financial markets have rallied around that economic recovery.All of these ups and downs might leave you wondering – what factors really play into how mortgage interest rates are determined? It’s an intertwined combination of market factors, your personal credit profile, and your loan program. We break it all down for you here.Market Factors That Affect Interest RatesThe biggest contributors to mortgage interest r...
Comments 3
By Jim Flauaus, Your Tax Problem Solver
(Anchor Tax Relief LLC)
Unpaid payroll taxes are a serious matter to the IRS and are some of the worst kind of back taxes you can owe.  If you’re a Realtor with a payroll tax problem, read on to learn what you can do to avoid the IRS crippling your business or worse, shut your business down completely.  Already in payroll tax trouble? Contact us to schedule a free, no-obligation consultation and let’s get your payroll tax issue resolved.https://anchortaxrelief.com/contact-us/Why Real Estate Agents and Brokers Get Into Payroll Tax Trouble In The First PlaceIt’s hard being a small business owner today, trying to pay your employees their paychecks every week, and pay the IRS all those payroll taxes!  A lot of times when money is short, you pay the employees first.  It’s a natural thing to do—you need to take care...
Comments 2
By Robin Gauthier, I have the Key to your NextHome
(NextHome Tidewater Realty)
Ocean Lakes is located in the Strawbridge area of Virginia Beach.  This neighborhood has approximately 2000 single family homes and townhouses that were built in the mid 1980s.  The average square footage of the homes is 1715 and the average property turnaround in 10 years.   Upton Farms and Pine Meadows are nearby neighborhoods.  The children in this neighborhood attend Ocean Lakes Elementary, Coorporate Landing Middle, and Ocean Lakes High schools.  There are currently 5 homes for sale in Ocean Lakes.  Eight homes are pending closing.  In the past 6 months 54 homes have sold in this neighborhood.  The median market time is only 6 days.  The median list price is $374,896 and sales price is $382,068. Don't hesitate to text, call or email me with any question on the below homes for sale ...
Comments 0
By Jim Flauaus, Your Tax Problem Solver
(Anchor Tax Relief LLC)
Even for honest taxpayers, the IRS can be extremely frightening.  Unlike most other government agencies, the IRS has unbridled power to attach your wages, freeze your bank account and even confiscate your property, and that is enough to send a chill up the spine of any Realtor!! If you receive a letter from the IRS saying that you owe additional taxes, it is important not to panic. It may be a frightening situation, but there are things you can do to settle your tax debt and get back on the good side of the IRS.  Realtors do have options when resolving tax disputes and paying additional taxes due, and simply knowing what those options are can set your mind at ease.  As an expert Tax Resolution Firm, we encourage all real estate agents, brokers, or investors facing a tax problem, whether...
Comments 3
By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Checking the status of the housing market this week? Wondering what the numbers are, and if it's still good to sell your home or buy one for you and your family? Look no further - here's for this week's Northern Virginia Real Estate Market Report!Make sure to follow and turn on notifications for more updates like this in the future. Let me know what you think about this week's market status by commenting below!Have any questions? Let's team up -- DM me or call (703) 625-4949 for more.
Comments 2
By Robin Gauthier, I have the Key to your NextHome
(NextHome Tidewater Realty)
I represented my buyers in the purchase of this home in the Upton Estates neighborhood of Virginia Beach, VA. This 4 bedroom 2.5 bathroom home features 2,230 square feet and sold for $450,000. Upton Estates consists of approximately 300 single family homes that were built from 1986 until 1994.  It is located off of Old Dam Neck Road near the General Booth intersection in the Strawbridge area of Virginia Beach.  The median size of a home is 1,525 square feet.  The median size of a lot in this neighborhood is .16 acre.  The children in this neighborhood attend Ocean Lakes High, Corporate Landing Middle, and Ocean Lakes Elementary.  Ocean Lakes and Pine Meadows are nearby neighborhoods.There are currently 3 homes for sale in Upton Estates.  6 homes have sold in Upton Estates in the past 6 ...
Comments 5
By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
In this year's Top 15 Richest Counties in the USA, Northern Virginia has secured four spots this year -- another feat for NoVa!#8 - Arlington County, VAThe eighth-richest county in the country is Arlington County. It is located in Virginia, the state with the lowest unemployment rate in the union. There will likely be 200,000 new employment, and the County's typical household income is $120,071.Some of the largest employers are the federal government, local governments, the technology sector, the food sector, and services. According to Business Week, Arlington had one of the best odds of surviving the crisis in 2008.#5 - Fairfax, VAThere are 1.2 million people living in Fairfax County, which is a part of the Commonwealth of Virginia.With an average household income of $124,831, Fairfax ...
Comments 0
By Robin Gauthier, I have the Key to your NextHome
(NextHome Tidewater Realty)
 Mt. Pleasant Heights is located in the Hickory area of Chesapeake.  This neighborhood was built in the 1980's.  There are approximately 247 single family homes in this neighborhood with the average size being 1884 square feet and the average yard being on .3 acre.  Etheridge Lakes and Poplar Ridge are nearby neighborhoods.  The children in this neighborhood attend Butts Road Primary, Butts Road Intermediate, Hickory Middle, and Hickory High schools. There is currently one home for sale in Mt. Pleasant Heights at 832 Priscilla Lane. The are 2 homes pending closing at 904 Glenda Crescent and 901 Priscilla Lane. In the past 6 months the below homes have sold in Mt. Pleasant Heights.I am eager to sell more homes in this neighborhood.  If you are interested in buying or selling a home, don'...
Comments 2
By Lisa Perry - NMLS # 276329, Northern VA - VHDA, 100% Loans - Jumbo Loans
(FHA, VA, Jumbo, Downpayment Assistance, Conv.)
So, you’re ready to start investing? You’ve probably saved some money, and you’re well aware that you’re better off investing that capital than letting it sit in a bank account. But the struggle is figuring out the right strategy for you.How can you be sure you’re making a smart investment? What should you know about the industry before diving in? These are questions many new investors ask themselves about any venture they’re considering.Many of us have heard that you can’t go wrong investing in real estate. But you might wonder if that’s true and why that is. Is it really a wise bet for your money? We will break down why real estate investment is considered one of the best ways to build generational wealth, how you can get started in buying property, and what you’ll need to plan for to...
Comments 2
By Robin Gauthier, I have the Key to your NextHome
(NextHome Tidewater Realty)
Just Sold in Sanderson Estates in the Hickory area of Chesapeake, VA. I represented my buyer in the purchase of this new construction home, featuring 4 bedrooms, 2.5 baths and 3,025 square feet. This home sits on 3 acres and is in the sought after Hickory school district. It sold for $738,317.Homes are still being constructed in Sanderson Estates by Kirbor Homes.   The plan is for 100 single family homes on 3 acre lots.  It is located near the corner of Cedarville Road and Sanderson Road.There are currently 8 homes pending closing and 8 homes that have closed in Sanderson Estates.  There are currently 9 homes/lots available for new owners. I am eager to sell more homes in this neighborhood.  If you are interested in buying or selling a home, don't hesitate to contact me today! I am happ...
Comments 3
By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Waiting for the next big thing in Ashburn? Look no further and check out Ashbrook Place in Ashburn, VA, now available for buyers! With low maintenance townhome-style condominiums in the prime location of Loudoun County, and a great, secure neighborhood, this is definitely something to look forward to. These new townhome-style condos feature private garages, rooftop terraces, and Designer Inspired finishes that every home owner will surely love.There are two models to choose from:The Tessa Condominium House Type Starts at 1573 Sq Ft 3 bedrooms 2 bathrooms 1 half bath Starts at $559,990 The Julianne Condominium House Type 3 bedrooms 2 bathrooms 1 half bath Starts at $634,990 And they are all nearby these locations: One Loudoun Ashbrook Commons Shopping Center Belmont Chase Dulles Town Cen...
Comments 4
Virginia Real Estate Agents and Real Estate Professionals