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

May 3, 2010

Still Looking At Alexandria VA Real Estate AFTER The Tax Credit Deadline? What Will You Do Now?

Still Looking At Alexandria VA Real Estate AFTER The Tax Credit Deadline?
What Will You Do Now?

 

The federal government, the National Association of Realtors, the local association of Realtors, real estate companies, and Realtors across the country did a great job of making the First-Time Homebuyer Tax Credit public.  Consumers were informed with television commercials, YouTube videos, and numerous blog posts from the media about how to take advantage of the credit.

So, how did you fare?  Did you get the house you wanted in time?  If you're still looking for a home, how do you feel about missing the deadline?  I had a relocating buyer come to the area for one day to identify a home.  After submitting a low offer on a condo in a pretty sought after area, and being rejected, I received the following email,

"I can't believe that they'll [the seller] get what they're asking for, it's a buyers market.  I'll just wait until I come back to the area, but I expect to be compensated for missing the tax credit and not getting my $8000."

I was stunned.  Thankfully, this was sent to me in an email, because if we were face-to-face, then the buyer would have witnessed my 'Deer in the headlights' look.

But seriously, if you've been working with an Alexandria VA buyer agent, who is keeping you informed of the Alexandria VA real estate market conditions, it's pretty clear to see that in certain price points it's not only a balanced market, but it's more of a sellers market.

If you're a first-time home buyer and you missed the deadline but you're still actively looking for a home, do you have any expectations from the seller in terms of compensation?  Do you feel entitled to an $8000 subsidy because the deadline has passed? 

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Posted in Buyers, Sellers
April 27, 2010

12505 Trotter Court In Lake Ridge Offers Location, Space, and Comfort

12505 Trotter Court In Lake Ridge Offers Location, Space, and Comfort
JUST LISTED - Lake Ridge Colonial w/Morning Room Extension

12505 Trotter Court

12505 Trotter Court

Bring your 'must have' list here and you'll see that everything will be checked off!  Move-in ready and waiting for the new buyer, this three level colonial at 12505 Trotter Court Woodbridge, VA 22192 in the commuter-friendly community of Lake Ridge has special touches including:

  • 4" Paprika hardwood floors in the formal living room and formal dining room
  • new windows throughout
  • new kitchen with corian countertops, recessed lighting, deep pullout drawers, activity desk, double-door pantry
  • extended morning room off kitchen with skylights, breakfast bar, french doors to deck
  • step-down family room with built-in shelves, ceiling fan, skylights, wood floors
  • master bedroom with walk-in closet, vaulted ceilings, ceiling fan
  • luxurious master bathroom with oversized separate shower, soaking tub with jets, corian topped double vanity
  • finished lower level with walk-up exit, rec room, third full bath, built-in office/desk, storage
  • rear two-tier deck, backing to mature trees.
Posted in Uncategorized
April 20, 2010

Alexandria VA Real Estate Update April 2010 | Detached Homes Got Snapped Up Last Month

Alexandria VA Real Estate Update April 2010 |
Detached Homes Got Snapped Up Last Month

In March of 2010, many Alexandria City VA detached homeowners were pleased to join the coveted 'Under Contract' club.  While not yet settled, you can clearly see that last month, more buyers and sellers reached an agreement in the single-family detached home market.

According to the numbers:

  • In the $400,000-$499,999 price range, the number of pending sales increased from one in the previous month, to six.
  • In the $500,000-$599,999 price range, again six sales, up from two in the previous month.
  • In the $600,000-$699,999 range, again a boost of two units, from eight to ten.
  • Upper bracket detached homes in the $700,000-$799,999 range also snagged an additional two sales, up from three to five.
  • Upper bracket detached homes in the $800,000-$899,999 range saw the largest jump from one unit, to a whopping seven!

So, what does this mean for detached home owners in Alexandria City (VA)?  It means that right now, there are a lot of opportunities to get in front of a ready, willing, and able buyer.  The competition is still there, so proper pricing cannot be ignored.

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Posted in Market Reports, Sellers
April 5, 2010

Alexandria VA Short Sales | 1030 Anderson Street Alexandria 22312 | Not Your Typical Distressed Sale

Alexandria VA Short Sales | 1030 Anderson Street Alexandria 22312 |
Not Your Typical Distressed Sale

A lot of times when a buyer thinks 'short sale', the thought of dumping a lot of money into a house for fix-ups comes to mind.

Here, at 1030 Anderson Street in the neighborhood of Lincolnia Hills, there's nothing to do but move right in.  The owner has meticulously maintained this home both inside and out.  This beautiful kitchen has been renovated and includes silestone countertops, custom maple cabinets, ceramic tile backsplash, wine fridge, extended pull out drawers, and top of the line GE Monogram stainless steel appliances.

With hardwood floors on the main and lower level, and ceramic tile in the bathrooms, you'll find that this home shows no signs of distress

Here at 1030 Anderston Street, you'll know once you drive up and see the landscaped corner lot, that this is not your average Alexandria VA Short Sale.

This home is listed by Alexandria VA Short Sale listing agent Tamara Inzunza.  As a Certified Distressed Property Expert (CDPE) and Certified Default Resolution Specialist (CDRS), my job is to help homeowners understand their foreclosure prevention options. 

                   

     

Posted in Buyers, Sellers, Short Sales
March 31, 2010

Northern Virginia Market Statistics for February 2010 | Video

Posted in Market Reports, Videos
March 27, 2010

1030 Anderson Street Alexandria VA 22312 | Open House Sunday March 28 1-4

1030 Anderson Street Alexandria VA 22312 | Open House Sunday March 28 1-4

Both inside and out are sure to please here at 1030 Anderson Street Alexandria VA 22312 in Lincolnia Hills.  Three bedrooms, two full baths, gleaming hardwood floors throughout, all on a lavishly landscaped corner lot!  Enjoy the birds now that spring has sprung, by sitting out back on the custom deck, and feed the fish at the tranquil fish pond.  This move-in ready home has lots to offer, in addition to a custom renovated kitchen with silestone countertops, maple cabinets, and stainless steel appliances.

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March 26, 2010

Harvard Study Shows That Owning a Home Can Make A Positive Difference In A Child

Harvard Study Shows That Owning a Home Can Make A Positive Difference In A Child

Did you know that owning a home can make a positive difference in a child, perhaps giving a child a better chance of getting better grades in school?  I've always suspected that a child who grows in  up a home that's owned versus a home that's rented can have a better chance.  But I didn't go to Harvard!

The the researchers at the Joint Center for Housing Studies at Harvard University reported that owning a home does indeed play a big part of giving a child a better advantage.

According to the study conducted in 2001, they found that children who growing up in a home that's owned vs one that's rented:

  • had higher math scores
  • boasted higher reading scores
  • showed reduced behavioral problems

I'd love to hear thoughts from school teachers and administrators.  Quite frankly, I'm surprised that the results of this study aren't used more often when it comes to conveying to the public one more advantage to owning a home.

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Posted in Buyers
March 25, 2010

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Posted in
March 16, 2010

6419 28th Street N Arlington VA 22207 Video Walk-Thru Showcases Home Features In Full View

Posted in Buyers, Sellers, Videos
March 12, 2010

6419 28th Street N Arlington VA 22207 | Luxury Home With Two Master Suites | Three Finished Levels

6419 28th Street N
Overview
Maps
Photos
Description
Neighborhood
Market Stats
$1,150,000
Single Family Home
For Sale
Main Features
6 Bedrooms
5 Bathrooms
Interior: 3600 sqft
Lot: 0.15 acre(s)
Location
6419 28th Street N
Arlington, VA 22207

Tamara InzunzaTamara Inzunza

McEnearney Associates, Inc. Realtors
(703) 703-286-1228
tamzoo@movingtonova.com
http://www.MovingToNova.com
Listed by: McEnearney Associates, Inc.
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