Potomac Yard | Del Ray | Old Town Alexandria Real Estate News

Nov. 2, 2011

Things To Do In Alexandria VA - November 2011 Events Calendar

Things To Do In Alexandria VA -
November 2011 Events Calendar

November 2011 Calendar

 There's no shortage of things to do in and around Old Town Alexandria for the month of November 2011.  In addition to celebrating Veteran's Day, there are numerous plays, concerts, and even cooking demonstrations!  Click here for a print friendly version of my November 2011 events calendar, and I'll look forward to seeing you in and around Alexandria VA this month!

    

Posted in News, Things To Do
Oct. 31, 2011

Alexandria VA Short Sales - Gone and Back Again | Midtown Alexandria Condo Reduced Price

Alexandria VA Short Sales - Gone and Back Again |
Midtown Alexandria Condo Reduced Price

 Midtown Alexandria Condo
One buyer's cold feet means one more opportunity to purchase an Alexandria VA short sale.  My listing at Midtown Alexandria Station Condos, Unit 412 was off the market, but now it's back on needs a buyer.  That means you have another chance to own this one bedroom + den home with a covered garage parking space. It's move in ready, and building amenities include:

  • 24-hour concierge
  • internet cafe with complimentary coffee and tea
  • one bedroom guest suite that can be rented
  • fitness center
  • massage room
  • outdoor pool
  • outdoor kitchen area with grill
  • secure building

Here is a photo tour of the amenities of Midtown Alexandria Station condos:

 

Whether you're commuting to work, or are out and about checking out the cool things to do, wouldn't it be nice to leave your car parked in the garage and walk across the street to the Huntington metro? Enjoy dinner and a movie just one stop away at the AMC Theature and restaurants at Eisehower Avenue metro, or visit the historic sites in Old Town Alexandria just two stops away at the King Street metro.  Call me at 703-623-8759 to take a look at this lovely unit today.

If you are an Alexandria VA homeowner and you are facing a financial hardship, please contact me to discuss your options to avoid foreclosure.  As a short sale specialist, I can help you determine what’s your best course of action.

Alexandria VA Short Sale Specialist | 703-623-8759

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northern Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759.

Oct. 13, 2011

Northern Virginia Market Watch Video for September 2011

Northern Virginia Market Watch Video for September 2011

Reiterating that all real estate is local, and the local forecast continues to outperform the national real estate market.  Pending sales were up from last September.  In September 2010, the number of pending sales was 2,231 and for September 2011 the number of pending sales was 2,394, an increase of 7.3%.  Rock bottom interest rates continue to add fuel to the desire to make a home purchase. The number of homes for sale decreased.  In September 2010, there were 11,802 homes on the market, while the number dropped to 9,130 this past September.  The median sales price increased from $350,000 in September 2010, to $362,000 in September 2011.

See Also - Northern Virginia Market Watch for July 2011

Posted in Market Reports, News
Oct. 6, 2011

Del Ray Real Estate Market Report Alexandria VA - September 2011

Del Ray Real Estate Market Report Alexandria VA -
September 2011

How many homes sold in the Del Ray area during the month of September 2011? Remember that the Del Ray area covers zip codes 22301 and 22305.  So let's start with the zip code of 22301.  Take a look at the interactive chart below and use your mouse to roll over the different points.  In September 2011, there were 13 homes that sold in the Del Ray zip code of 22301, this was down from 17 homes that sold, both in the months of July and August.

In the zip code of 22305, sales were up two units from 10 in August, to 12 in September.

How did the two zip codes compare when it comes to the median sales price? In the Del Ray zip code of 22301, the median sales price increased from $525,000 in August 2011 to $680,000 in September.  In the Del Ray zip code of 22305, the median sales price also increased from $388,500 in August 2011 to $542,500 in September 2011.  Some home sellers in Del Ray saw a decrease in the average days on market.  In 22305, the time it took to sell a home in Del Ray went from 48 days in August 2011, down to 41 days in September. However, in 22301, homes stayed on the market longer, going from 47 in August 2011, to a whopping 98 days in September.

If you are thinking about selling your home in Del Ray, please call me at 703-623-8759.  If you're thinking about buying a home in Del Ray, here are the newest listings to hit the market:

Posted in Buyers, Sellers
Oct. 1, 2011

Things To Do Old Town Alexandria - Events Calendar For October 2011

Things To Do Old Town Alexandria - Events Calendar For October 2011

Here's your October 2011 Events Calendar for the Alexandria VA and Washington DC area.  Mother Nature played a role in the rescheduling of the MLK Memorial Dedication, so that will be held on Sunday October 16.  Smooth Jazz fans can hang out with the other cool cats at The Birchmere to see musician Keiko Matsui on October 17.  Do you love to eat?  Don't miss the Taste of DC on the first Saturday.  This fall in Alexandria VA there's lots to hear, see, taste, and smell!  I hope to see you around town.

Print-friendly version of the October 2011 Events Calendar

Posted in Fun, Things To Do
Sept. 3, 2011

Alexandria VA Bank Owned Homes and Foreclosures

Alexandria VA Bank Owned Homes and Foreclosures

Alexandria VA real estate consists of traditional equity sales, and distressed sales such as bank owned (or REO) homes, pre-foreclosure sales, and short sales.  As an Alexandria VA short sale listing agent, I am very familiar with how foreclosures and short sales work.  Distressed sales in Alexandria VA peaked in March 2011 with the 39 total sales (21 short sales and 18 bank owned properties).  As of June 2011, the number of distressed sales in Alexandria VA (City) was down to 23 (14 short sales and 9 bank owned properties). To see specifics on Alexandria VA foreclosures and short sales by month, scroll or mouse over the points in the interactive chart below.

If you want to know how to buy a foreclosure in Alexandria VA, then you're in the right place.  As a buyer agent, I help by facilitating your mortgage approval with a local lender, helping you get specific and listening to your search criteria, showing you available Alexandria VA foreclosure homes for sale, and negotiating your purchase contract.  Because many buyers are looking for a home at a steep discount, you'll likely be competiting against other buyer and cash investors.

Just like Alexandria VA foreclosures, short sales are also a target for homebuyers looking for a bargain.   With short sales, the homeowner is selling the property at a loss, so the bank will want to sell the home as close to market value as possible.  You'll have the benefit of my experience as a short sale listing agent on your side.  I'll provide you with insight on what banks expect from buyers when it comes to the purchase offer.

To receive listings of Alexandria VA foreclosures and short sales directly to your inbox, please click here.

 

 

Sept. 2, 2011

First-Time Military Buyers Can Also Get $5000 For Alexandria VA Homes

First-Time Military Buyers Can Also Get $5000 For Alexandria VA Homes

Military FamilyMilitary homebuyers have the privilege of purchasing a home with a VA loan in Alexandria VA.  This provides the opportunity to purchase a home with no down payment.  VA home buyers can request that sellers pay their closing costs.  However, in cases where the seller is unable or unwilling to pay for the buyer's closing costs, this can prevent closing from taking place putting the brakes on your Alexandria VA home purchase.

There is a $5,000 grant that is making it easier for first-time military homebuyers to purchase a home. As reported from Realtor.org, active duty personnel, veterans, retured members of the military, and employees of the U.S. Department of Homeland Security and the Department of Defence are eligible to apply for up to $5000 in down payment and closing costs in the purchase of a first home.  The national nonprofit Pentagon Federal Credit Union Foundation is offering the assistance through its Dream Makers program and says the grants can be applied to a mortgage from any financial institution and applicants do not have to be members of Pentagon Federal Credit Union to apply.

According to the Dream Makers program, you are a first-time home buyer if you have not owned a home in the last three years, or if you have lost your home through divorce or disaster.

See Also: Frequently Asked Questions About A VA Home Loan

See Also: $7500 Grant Program For First-Time Buyers

See Also: Video: Biggest Buyer Blunder – The Importance of Loan Approval

 

Call Tamara Today

 

Posted in Military, News, VA Loans
Sept. 2, 2011

Should I Sell My Del Ray Home During The Fall - A Seasonal Comparison

Should I Sell My Del Ray Home During The Fall - A Seasonal Comparison


Have you been asking yourself, "Should I sell my Del Ray home during the fall?" The flowers may not be blossoming, but the when the leaves change, so does the Del Ray real estate market. Take a look at the market statistics for the previous two years for real estate in the zip code of 22301. Use your mouse to scroll over the different points in the interactive charts below.

You'll notice that the historical 'spring spike' is blatantly obvious for both years. For example, after stagnating at 11 home sales in January and February 2011, home sales increased in March to 19 sales, then dipped a bit down to 16 in April, and peaking in May with 23 home sales. The spring market of 2010 had a sharper spike in spring sales increase from 4 in March, to 12 in April, to 26 in May. But when you compare the spring market to the fall market, you'll notice a smaller upward trend in the fall.


In the fall of 2009, September and October had the same number of homes sold at 14, only increasing in November to 17 before declining in the winter. In the fall of 2010, homes sales steadily increased from 5 in September, to 8 in October, then 16 in November, and capping at 19 in December before slowing down. Now, lets compare with the zip code of 22305, which also includes Del Ray, Beverley Hills, and Warwick Village.

In the fall of 2010, home sales in 22305 were at 6 in September, then increased to 9 in October, and inched up to 13 in November before declining. In the fall of 2009, homes sales in 22305 went from 9 in September, to 11 in October, to 19 in December. Spring sales activity in 22305 was very vibrant.


So, should you sell your Del Ray home this fall? There's no time like the present (except spring time of course). But Del Ray homeowners should also feel confident about selling during the fall knowing that fall/winter buyers are more motivated by time and usually have some type of deadline that is pushing their move, such as a relocation and job start date, and the desire to be closed before the winter weather sets in.


Posted in Market Reports
Aug. 26, 2011

Preparing for Irene in Alexandria VA - Homeowner Tip for Insurance

Preparing for Irene in Alexandria VA - Homeowner Tip for Insurance

 

 

See Also

Posted in Homeowners, News, Videos
Aug. 26, 2011

Acacia Federal Short Sales - Another Short Sale Approval Letter Received

Acacia Federal Short Sales - Another Short Sale Approval Letter Received

Short Sale Approval Letter for Acacia Federal Bank
Arlington VA short sale listing agent Tamara Inzunza of McEnearney Associates Inc. has successfully obtained another short sale approval for a distressed homeowner who wanted to avoid foreclosure.  Here are the details:

  • This was an Arlington VA preforeclosure, or short sale
  • Hardship: reduction in income
  • Time for approval: approximately three months
  • Missed payment: yes

The best possible outcome for this homeowner is that the bank did not ask for a cash contribution at closing, nor did they ask the borrower to sign a promissory note.  As an Arlington VA short sale listing agent, the approval letter dispells one of the myths regarding short sales.  Many homeowners are afraid to ask for help and do a short sale because they are fearful that they will have high costs to be approved.  In this case, the bank paid the closing costs to the buyer, the full real estate commission, did not counter the contract sales price, and is accepting the payoff in full.

If you are an Arlington VA homeowner and you are facing a financial hardship, please contact me to discuss your options to avoid foreclosure.  As a short sale specialist, I can help you determine what's your best course of action.

Arlington VA Short Sale Specialist | 703-623-8759 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northern Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

                           

 

Posted in Short Sales