Del Ray Alexandria VA Video Tour | Real Estate, Shops, Dining
Del Ray Alexandria VA Video Tour | Real Estate, Shops, Dining
Kingstowne VA Condos For Sale | Eton Square Condo | Open House This Sunday
6974A Ellingham Circle Alexandria, VA | Sept 13 1-4 PM
Real Estate and Homes For Sale In Kingstowne Alexandria VA
Features and special improvements of this beautiful Kingstowne VA Condo for Sale in Eton Square:
Enjoy all of the benefits of and amenities of owning Kingstowne VA real estate including close proximity to the Franconia-Springfield metro (blue line), walk to Kingstowne VA shopping, restaurants, and Kingstowne Stadium 16 movie theatre.
Alexandria VA Homes For Sale Getting Multiple Offers In A Down Market |
But I Thought This Was A Buyers Market
As the banks continue to drip foreclosures and REO (real estate owned) listings throughout our Old Town, Del Ray, and Kingstowne Alexandria market, I'm finding that many first time buyers are caught off guard when they learn that they have to compete for homes for sale in a supposedly down market.
Just like in the steamy sellers market when builders couldn't build 'em fast enough, we're seeing another lesson in supply and demand actively play out now. When the prices come down, more buyers come out, including cash buyers and investors, and there goes the level playing field.
The $350,00 and under market is the 'sweet spot' where you'll find the most sales activity. But since these first-time buyer bracket homes are now being absorbed, these traditional sellers are now able to move up, and we're seeing more absorption in the $350,000-$550,000 market. And believe me, move-up sellers want as much money as they can get...just like the banks!
Here are the biggest obstacles that buyers face that may count as a strike against them when competing in a multiple offer situation:
This year, with the continuous changes in the lending guidelines, new developments in the appraisal guidelines, and dealing with Alexandria VA short sales and foreclosures, there's been a lot for real estate agents and consumers to adapt to.
In a buyers market, the buyers may have more choices, but making an uninformed choice can be costly as well.
Kingstowne VA Real Estate | Home For Sale at 6431 Castlefin Way |
Open House Sunday, August 16 1-4
Kingstowne is one of Alexandria VA's more popular neighborhoods. Located in Fairfax County, Kingstowne VA runs from the intersection of Fraconia Road and Van Dorn Street, to Beulah Road and Kingstowne Village Parkway.
If you're looking at real estate and homes for sale in Kingstowne VA, be sure to stop by 6431 Castlefin Way this Sunday for the open house. This home is located in the North Village and is within the Fairfax County Public school boundaries of Anthony T. Lane Elementary School, Mark Twain Middle School, and Thomas Edison High School.
Sited on a cul-de-sac, and backing to trees, this move-in ready Kingstowne VA home offers special touches including:
Our Local Governments Are Tweeting...Are You Following?
Whether I'm at the Kingstowne Panera Bread, or the Old Town Starbucks, I love being in the know when it comes to local government and local business happenings. Our local jurisdictions have caught on to social media and are now tweeting, and you can follow!
Want to save money, check the websites of your favorite products, services, businesses, merchants, etc. Many establishments offer special promotions, discounts, and deals through their tweets.
Hallowing Point River Estates | Mason Neck Real Estate |
Home For Sale at 6025 Chapman Road Lorton VA 22079
Just when you thought affordability and privacy were out of reach in Fairfax County, this custom built home in Mason Neck (Lorton) VA on a 3/4 acre corner wooded lot is just a block and a half from the Potomac River waterfront is offered at $724,900. Compare with other waterfront homes price at over $1million, you'll enjoy all of the community amenities that Hallowing Point River Estates has to offer.
All of the rooms in this Hallowing Point River Estates home are cartwheel-friendly and generous in size. This formal living room comfortably fits furniture of all styles and sizes.
The formal dining room is perfect for entertaining and can accommodate your large gatherings.
The rear facing eat-in kitchen includes hardwood floors, and this floor plan offers the coveted family room off the kitchen for casual living or use as a home office.
Like many of the other homes in Hallowing Point River Estates, all of the bathrooms here at 6025 Chapman Road Lorton VA 22079 have been completely updated. Here, you'll see that the master bathroom has a granite top vaniey, custom built shower, and ceramic tile flooring.
Can You Handle The Truth In Lending When Buying Alexandria VA Real Estate |
New Lender Guidelines May Affect Your Clsong Date
If you're watching the clock as the deadline approaches for the First-Time Home Buyer Tax Credit to expire, you should also know that the federal government has made recent changes that will affect your home purchase or sale.
These changes went into effect on July 30, 2009 and they are important for both buyers and sellers. When buying and selling homes, many people plan their timelines based on the closing date that has been agreed upon in the purchase agreement between the buyer and the seller. While both parties have consented to a date, the things that go on behind the scenes of the transaction have a definite impact on the closing date. For a first-time buyer trying to meet the deadline of the tax credit, these changes are important to understand.
Here are four key elements that you need to know:
How do you protect yourself as a buyer? First and foremost is to choose an accountable, dependable, local lender for your loan. Like an experience real estate agent, an experienced lender will have the ability to qualify you for a mortgage, answer your questions about your loan, and disclose all of the terms of your mortgage. Once you've chosen your home and have an acceptable offer from the seller, your successful closing is in the hands of your lender.
How do you protect yourself as a seller? Rely on your listing agent to ask questions of the buyer's lender to give you the confidence you need to accept the offer and take your home off the open market. As a listing agent, I have a list of questions that I ask the buyer's lender whenever a contract is submitted on one of my listings. I review the lender's answers with the seller and based on the lender's responses allow the seller to make a decision on accepting the offer.
Either way, if you're not under contract now, from this point forward I would recommend allowing more than the traditional 30-45 days to allow closing to take place.
Our local Washington Times recently ran a cover story about short sales and how CDPE agents (Certified Distressed Property Expert) were able to help a local homeowner avoid foreclosure and salvage their credit.
Click here for the full story.
If you are a homeowner in Alexandria VA in financial distress, and would like to know if you qualify for a short sale, contact me for a confidential consultation. As an Alexandria VA CDPE listing agent, I will help you by explaining all of your options, and based on your individual needs, offer the best recommendation to help you avoid foreclosure.
OPEN HOUSE THIS SUNDAY | OLD TOWN ALEXANDRIA VA CONDO | COLECROFT STATION CONDOS | PENTHOUSE CONDO AT BRADDOCK ROAD METRO | OPEN HOUSE July 26 1-4 PM
Traditional sale! Where luxury and convenience come together in Old Town Alexandria VA. Sought after neighborhood of Colecroft Station condos, commonly known as 'the nice subdivsion across from the Braddock Road metro'.
Stop by the Open House this Sunday, and you'll be captivated by the abundance of square footage in this two bedroom/two full bath/one half bath penthouse level condo with beautiful views from the balcony and bedrooms of the Masonic Temple, and Old Town Alexandria.
The eat-in kitchen offers stainless steel appliances, including a built-in microwave. Both bedrooms have generously sized closets and open space. There's abundant storage, and this unit also comes with two garage parking spaces.