Gainesville, VA Real Estate News

By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
June 2021 Real Estate Market UpdateJune 2021 started out strong but we are seeing a slight slow down as buyers are getting contract fatig. After writing mulitpal offers and getting beat out, they are not as eager to do it again.  As of  June 29 2021 159 listings Coming Soon  Average sale price has dropped slightly to $471,000 from $480,000 in May 861 Solds 970 Under Contract 511 Active Days On market is on average 5 50% - 55% of all contracts seen higher than list price.   Here is a snapshot of May's Real Estate Market.   Should you have any questions about the current real estate market, or any other real estate issues, I’m here as a resource. 
Comments 2
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Divorce Listings And Investors - Beware!By Laurel Stark, CEO & Founder, The Ilumni InstituteDivorcing spouses with a house to sell need to ensure they do not fall prey to unscrupulous activities that could cost them tens of thousands of dollars- sometimes more. There is a lot that goes on behind the real estate scenes with investors (especially in this hot market). We all know that the goal of the investor is to profit, and in real estate that means "buying low and selling high." In the current market where we are seeing many offer for just one property, it is hard for investors to accomplish their goal of making an acquisition at a low enough price to turn a profit.That means getting creative at the divorcing couples expense!Most investors know that most Realtors can be their ticket in...
Comments 0
By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
Cry For Help From a Blog Post ReaderYesterday, as I was walking from one end of the Gettysburg Battlefield Park with my young cousin, my phone rang.  Thankfully, the number of interruptions to my day off were minimal.  In addition to two short client calls, there was one from an unknown number.  There is always promise in an unknown number, particularly those with an area code local to my service area.On the other end of the call was a worried home seller.  He was under contract to sell his home, in the middle of trying to remediate HOA violations and unable to get a return call from his HOA.  Hmm.  Maybe a For Sale By Owner?  Nope.  He has an agent who has also not answered his call in DAYS.  That's not good.While empathizing with his situation, I expressed that I really could not get ...
Comments 18
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Generational Impact of Covid-19 on Divorce By Laurel Stark, CEO & Founder, The Ilumni InstituteIn a recent consumer report, WGSN shared insights in to how different generations respond to stress such as COVID-19. Gen Zers are leading the way in divorce filings, according to Pew Research Center. Baby Boomers are increasing their divorce rate by 109%. The culture of these generations vary greatly. As a professional at the helm of the most stressful crisis of their lives, CDRE's - Certified Divorce Real Estate Expert, can offer customized solutions for each generation. Baby Boomers (born between 1946-1964) are increasingly afraid of going out. As such, they are embracing virtual connections at higher levels. Most Boomers have smart phones, texting and talking are the common uses, but now t...
Comments 0
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Who is on title and why it matters is sometimes over looked. Facts:Husband and wife married 16 years ago. About five years in the marriage they bought a house. In March of 2017, they divorce. Husband remained living in the house, they both are on title to the house, and both remained on the mortgage. The property deed states that  the property is owned by "right of survivorship", and the the divorce decree did not address any specific terms regarding the house other than title vesting remains in place until further agreement.  In 2018 the husband remarried. His new wife moved into the house, they had a set of twin daughters in 2020. They have been paying the mortgage out of the joint income.  The husband suddenly passed away a few months ago - with out a will. The deed to the property w...
Comments 3
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Divorce & Capital Gains on Real Property Property values have skyrocketed over the last couple of years in the Gainesville, VA housing market - leaving Uncle Sam to be the fly in the ointment!  First and foremost, disclaimer: I am not an accountant and this shall not be construed as tax advice.  I had a recent divorce case where the wife was blind sited by the capital gains hit. She faced a $62,000 hit when she agreed to take the couples rental property in the divorce - a condo they bought when they first married.  In the divorce the husband keep the big house and she got the condo. She planned to sell the condo and use the equity to buy a house closer to the kids. That's when she got hit with reality! What she didn't know when she agreed to take the condo and sell it later was that she...
Comments 1
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
A Certified Divorce Real Estate Expert (CDRE™) is a REALTOR who has passed The Ilumni Institute’s rigorous certification program. This program is application-only, and is taught by a faculty of family law attorneys, mediators, certified mortgage professionals, and real estate experts, with judicial officers as guest speakers.REQUIREMENTS Licensed Realtor for 3+ Years | Minimum 45 Closings |License in Good Standing | No Disciplinary ActionsAPPLICATION Resume | Written Essay | Two Letters of Recommendation |Proof of Production | Screening Interview | Attorney InterviewLIVE 4O-HOUR COURSE Anatomy of Divorce | The Landscape of Divorce Finance | Divorce Court 101 |The Ethics of CDREs | Communication, Bias & Neutrality | The Divorce Listings Process |Observe Live Proceedings in Family Court |...
Comments 0
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Here are 5 real estate words to increase your vocabulary. 1- C.L.U.E.A C.L.U.E report is a comprehensive Loss Underwriting Exchange. It is a file that is compiled on you by the insurance industry. 2- ComminglingCommingling is to mix funds held in trust with other funds. Example a builder or broker hold funds in trust ( should be deposited into trust account) instead the money is deposited in to a general account. 3- Slant DrillingSlant drilling is a method of drilling fo oil or gas in an ajoining property when property rights have not been granted.4- GNMAGNMA (Ginnie Mae) Goverment National Mortgage Assoication. A federal association working with F.H.A. , which offers special assistance in obtaining mortgages and purchase mortgages.5- Abstract of TitileAbstract of title is a compilation...
Comments 0
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
When selling your home you should prepare your home for the home inspection. Being prepared will make the home inspection less stressful and less likely that the inspector will need to make a follow up trip.  The inspector will need to have access to a lot of things you may not be thinking about.Example: 1- Attic- besure it's unlocked and clear away items from the attic access. If the attic access is in the garage remove vehicles and any boxes that might be in the way.2- Gas Appliances -Confirm all appliances and gas fireplaces have lit pilot lights. Confirm all untilites are on. This is especially important in a property that you might be renting or that is vacant. 3- Plumbing - Clear out under the cabinet area and sinks for the inspector to have easy access to.4- Alarm system- Turn of...
Comments 0
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Stonewall Golf Gainesville, VA  will be hosting a Sip & Swing Golf Clinic Friday, April 9, 2021 from 6pm-7pm. Learning to golf has never been as much fun and easier. Its a full swing golf clinic led by PGA  favorite, Patrick McCarthy. Price included ball range and one hour of instructions. Golf clubs provided if needed. The event is open to the first 8 people to RSVP. Come as a solo or bring a friend.Price $26.00 for members $36.00 for non members. Payment in advance.Everyone MUST RSVP on the Women on Course website to reserve a spot. Here is the link: https://www.womenoncourse.com/sip-amp;-swing-edp-4478-04-2021.html Susan Jacobs, Real Estate Collaboration Specialist- DivorceSamson Properties703-437-4418Susan@SusanOJacobs.com wwwSusanJacobs.com
Comments 0
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
                                      8 Reason to Work with a Real Estate Collaboration Specialist-DivorceWhat make a real estate agent trained in collaborative divorce different?An agent trained in collaborative divorce:1-Works as the project manager and gathers house related documents.2-Makes both spouses aware of all the facts. 3- Works with a team of mortgage professionals, home inspectors, title agencies and insurance agents.4- Helps the lawyer get the two pieces of valuable information that is missing from the case file. 5-Helps the financial professional get the missing documents for the martial balance sheet. 6-A RCS-D helps to protect both spouses credit score and preserve home ownership eligibility. 7- They ask the question: Would you keep the house if you knew all the facts? ...
Comments 0
By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
So Many Things to Consider Before Listing For RentMeeting with a soon-to-be landlord yesterday, there was so much to cover.  In addition to the preparation of the house, which was the declared reason for the meeting, there were a lot of questions the landlord needed to answer for me to accurately present the listing.How long of a lease minimum and maximum would he accept? I think my thoughts on lease term were eye opening for him. All landlords I have ever met would love a two year commitment unless they are planning to sell in a year.Will pets be accepted?  If so, are there limitations to size, breed or species?  How about pet deposit?  Refundable or not?  Monthly pet rent?  While I am a huge animal lover and enjoy my furry family, I realize the damage that pets can do to a home.  Carp...
Comments 8
By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
When a Buyer Finds "The One," There is No Stopping ThemThe year 2020 has been one of the most intense seller's markets ever.  In fact, having been licened since 2005, I can honestly say, I have never seen another market like this one.  The demand for housing is out of control.  Sellers were reluctant to list their homes either due to pandemic concerns or due to worries of not being able to find another home to buy.  Only two buyers of the near dozen I helped in the Gainesville market won their home first try out.  Others that lost out in multiple offer scenarios one to five times were discouraged.  They would wonder if they would ever get a home.  As I told each one, "When you find the home that is meant to be yours, there will be no stopping you in writing the offer it takes to win tha...
Comments 8
By NextDay Inspect, Residential Home Inspections & Radon Testing
(NextDay Inspect)
Save Money and EnergyMost people don’t know how easy it is to make their homes run on less energy, and here at InterNACHI, we want to change that. Drastic reductions in heating, cooling, and electricity costs can be accomplished through very simple changes, most of which homeowners can do themselves. Of course, for homeowners who want to take advantage of the most up-to-date knowledge and systems in home energy efficiency, InterNACHI energy auditors can perform in-depth testing to find the best energy solutions for your particular home. Why make your home more energy efficient? Here are a few good reasons: Federal, state, utility, and local jurisdictions’ financial incentives, such as tax breaks, are very advantageous for homeowners in most parts of the U.S. It saves money. It costs les...
Comments 1
By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
"I Can Explain It to You, I Can't Understand It for You"Another day in the Bristow-Gainesville real estate market, another offer submitted for a buyer client to be piled on the mound of offers the seller will receive.  Every buyer has to go through a learning curve when they enter the market, even buyers who have purchased in the past or in another market.  The low inventory and intense buyer demand in the Bristow-Gainesville real estate market have made house hunting feel impossible.  And even though their agent may understand exactly what the terms most likely to win over the stack of other offers, some buyers are simply risk averse.There are buyers that hear strategy for writing offers and pick it up right away.  And then there are buyers that hear strategies over and over and won't ...
Comments 28
By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
No Man Left Behind During the House Hunt The pace of the real estate market in the Bristow/Gainesville area, really for all of Northern Virginia, is insane.  While seventy percent of my business is being at the helm of listings and assisting my sellers in staging, pricing, marketing and negotiating offers, I have seen it from that side most often.  Incredibly short marketing times and multiple offers are common in all price ranges.   A buyer can fall in love with a home while sitting in their pajamas on the couch at 10pm Sunday night and before their showing Monday at 3pm, it is GONE!  Sellers are in control and buyers may as well be trying to grab a hold of something in the middle of a tornado.  When helping two sets of relocating buyers from out of the area this week, I felt the other...
Comments 10
By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
One Bedroom Historic Home in Gainesville SOLDOn May 16th (2020,) I had the pleasure of listing a truly unique property in Gainesville, VA.  Three years earlier I had represented the buyer in the purchase of The John Trone House, located at 8200 Buckland Mill Road.  Now, three years later, that owner was ready to move on.  Three years in a one bedroom, one bathroom home was enough for him.  Though he thoroughly appreciated the historic nature of the property, life was moving him in a different direction and he needed more room.To say it is difficult to pull comps for a 194 year old home that is registered as a Federal, State and local landmark is an understatement.  It is nearly impossible.  For starters, I'm not sure the many members of our MLS understand what a historic designation in ...
Comments 4
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Today is June 12, 2020 10 Things Not To Do When Getting a MortgageMy name is Susan Jacobs and I am a realtor at Samson Properties in Gainesville VA. Today I would like to talk about the 10 Things NOT To Do When Getting a Mortgage.Buying a home can be a very exciting yet stressful time. Sometimes with all the excitement you might forget that there are certain things NOT to do. 1-      Don’t buy any large ticket items: NO new car, No Boat, No RV, No furniture Nothing 2-      Don’t open or close a line of credit. Its ok to cut up the credit card and pitch it but do not call the company and close the account as this can cause your credit score to go down. 3-      Don’t pay anything late. The lender is watching your credit report and they will know if a late payment shows up. 4-      Don’t r...
Comments 0
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Today is June 10, 2020 and this is my Wednesday 5 Real Estate Words to Increase Your VocabularyMy name is Susan Jacobs and I am a realtor at Samson Properties in Gainesville VA. Today I would like to talk about 5 Real Estate Words to Increase Your Vocabulary.1-Adverse Possession- that’s the claim against the land of another person by virtue of open use and possession.2-Attorney in Fact - a person who holds power of attorney for another person allowing them to execute legal documents.3-Cloud on Title- A possible claim or encumbrance which if valid would affect or impair the title and ability to sell.4-Life Estate- that’s when you grant the right to a person to use and possess a property for the life of an individual.5-Set Back Lines- Lines which are required for the location of a structu...
Comments 2
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
(Samson Properties)
Today is June 10, 2020 and this is my Wednesday 5 Real Estate Words to Increase Your VocabularyMy name is Susan Jacobs and I am a realtor at Samson Properties in Gainesville VA. Today I would like to talk about 5 Real Estate Words to Increase Your Vocabulary.1-Adverse Possession- that’s the claim against the land of another person by virtue of open use and possession.2-Attorney in Fact - a person who holds power of attorney for another person allowing them to execute legal documents.3-Cloud on Title- A possible claim or encumbrance which if valid would affect or impair the title and ability to sell.4-Life Estate- that’s when you grant the right to a person to use and possess a property for the life of an individual. 5-Set Back Lines- Lines which are required for the location of a struct...
Comments 0