Bristow, VA

Live in a large single family home in Braemar, but not sure if it is an ARISTA SERIES home? Well, to begin, the builder of the Arista Series was Brookfield Homes. Furthermore, there are only three floorplans in this series: the Canterbury (by far the most popular in the neighborhood), the Allister and the Buckingham.

Once every other month I take a look at the sales activity in these homes throughout Braemar and report it back to the community in the Braemar Property Value Report. The average sales price for these homes is now standing at $549,900 with average closing cost assistance to buyers from sellers being $13,748. The average number of days it took to sell a home: 182.

These figures are based on one resale from January this year. However, this is the problem that seems to plague these homes in this declining market. We are lucky to see one, every two months, sell.

By comparison, average sales figures for the previous report, ending December 2007 were similar. Average sales price was higher at $570,000, but average closing cost assistance was $26,500. Number of days it took to sell: 9.* (*This was a new construction home)

One year ago, those numbers were a bit more healthy. Average sales price from February 2007 was $599,900 and the closing cost assistance was averaging out at $10,000. Number of days it took to sell a home: 223.

If you would like to be put on the mailing list for this Braemar Property Value Report, Arista Series, please get in touch with me and send me your information. You can also look back to historical sales information on my website: www.nvarealestate.net. Click the link for Bramaer Property Value Report Online, and you'll find average sale prices dating back into 2005.

Carriage Homes in Braemar have been a constant source of sales during the downtrending market in Prince William County. These last two month, a total of three Carriage Homes sold.

First of all, if you are not familiar with the Carriage Homes, to put it plainly, they are the homes in Braemar that Brookfield built with detached garages. Not all of the Carriage Homes have garages, but if they do, they are not attached to the home. The Carriage Homes are modest single family homes and have a variety of four floorplans: Maplewood, Norwood, Oakdale and Parkdale. Those models are listed from smallest to largest.

The average sales price of these homes for the last two months is $353,962, with sellers giving buyers an average of $11,212 in closing cost assistance. And the average number of days it takes to sell one of these homes is 129 days.

Compared to sales figures for January and February of 2007, the average sales price for a Carriage Home has decreased more than $40,000, and the average closing cost assistance given by sellers has increased almost $1,000.

I regularly prepare the BRAEMAR PROPERTY VALUE REPORT to reflect the prior two months of sales. There is an Arista Series, Carriage Series, Courtyard Series and Heritage Series. Which report you receive depends on the type of house you have.

If you would like to begin receiving this report, and begin tracking the value of your largest investment, please send an email to chrisann@longandfoster.com

In the meantime, youi can view average sales price online at www.nvarealestate.net. Click the link for Braemar Property Value Report Online and you'll have avearge sale prices dating back to 2005 (in all except the Courtyard Series).

As a Realtor, I got involved in my HOA because I understand the benefit of great community amenities and community covenants. But when I first learned about Tartan Hills Village's relationship to Braemar (the larger community that THV is located within), I was shocked.

To begin, the concept of Braemar is a larger community HOA with "subassociations". These subassociations are smaller, and remind me of states within the United States. If that analogy holds true, then Tartan Hills Village is Washington, DC. No vote on Braemar's larger board, like the other subassociations have, and only a recreational agreement allowing us to use the community amenities.

Literally, in ten years, if Braemar residents, which THV are not, believe the pools are overcrowded, our recreational agreement will not be renewed. Try selling a house to a family with young children, and explaining to the potential residents that their children will not be able to use the pool, but the kids they go to school with in the neighborhood can.

Tartan Hills Village is not the only subassociation that has this disjointed relationship with Braemar. The good news, is that Braemar is tyring to make us all full-fledged members.

I'll keep you posted on the progress here. Or you can log onto our community website www.tartanhillsvillage.com.

Project Lifeline:

Help for homeowners who are behind with their mortgage payments?

Homeowners who had counted on being able to refinance their risky adjustable-rate mortgages before they reset to sharply higher rates have been caught in the sharp downturn of the real estate market as home sales and prices have plunged in many parts of the country.

Maybe help is coming soon.

The Bush administration announced Tuesday that Project Lifeline a coalition of the largest mortgage companies (lenders) will offer relief to homeowners currently behind with their payments for 90 days or more.

Project Lifeline intends to give the homeowners and lenders a thirty day pause so they can work out a new payment plan or some way to modify the loan, being able to modify a high risk loan will help thousands of homeowners now, and many more in the future. Will this project help minimize foreclosures in the near future? That is the million dollar question, but for sure the higher loan limits will allow more home-buyers access to conventional loans now at $730,000 max.

Read this paper by the Boston Federal reserve that provides the first rigorous assessment of the homeownership experiences of sub-prime borrowers.

Critics are already attacking this plan by saying it falls short of what is needed to solve the current problem that so many families face in this very turbulent financial market.

Freddy Solis

703-943-7844 Direct
703-955-3528 Fax

Email Me

LINTON CREST

SINGLE FAMILY HOMES

There are 12 "ACTIVE" Single Family Homes for sale in the Linton Crest subdivision of Bristow. These homes are priced from $344,990 up to $485,000. The Average Days on Market for these properties is 106 days. Currently, there is 1 Single Family Home in the Linton Crest subdivision "UNDER CONTRACT". In addition, there are NO Single Family Homes available for rent at this time. For SOLD statistics please contact me directly.

Are you interested in finding out how the real estate market has affected your area? Now you can get the latest market reports for your community just by clicking on the appropriate link. Bristow, Catharpin, Dumfries, Gainesville, Haymarket, Manassas, Nokesville, Occoquan, Triangle, Woodbridge, and neighboring Manassas Park.

If you are not sure why it is advantageous to have a knowledgeable REALTOR® represent you and your family's needs, here is a great article to read Why Hire a Professional? You've heard the name mentioned many times before, perhaps read our advertisements, watched our commercials, or even have seen our balloon in the skies...click here to learn more About RE/MAX.

For Buyers:

Calculating how much you can afford
Your First Home
Start Your Home Search
Buying Services for Prince William County Homebuyers
Avoid Buyer Errors
Tips for a Smooth Home Purchase
A 1st Time Homebuyers Guide to buying a home in Virginia
Prince William County Home Listings
Connect All Your Home Services Online

Maybe you are interested in buying Raw Land for future development, Leasing or, Purchasing Commercial property for business purposes, if so...then you may want to read about the various zoning codes to determine which zoning code will work for you and your intended purposes. You can find the details for this important information by going to the following Prince William County Zoning Codes link.

For Sellers:

Sellers's Toolkit
Thinking of Selling? Get a Free Home Evaluation
Selling Your Home: Where to begin?
Tips for Selling a Home in Prince William County
Selecting the Right Selling Price
Want to Help Sell Your House: Get Lost!
Common Selling Mistakes
FREE REPORTS

Other Helpful Links:

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Resource Reports
Prince William County Community Information
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About me:

I am a full-time real estate agent and Realtor®. I am very aggressive and put my clients needs above that of even my own. I am not married or have any children so I am usually available if you have any questions or concerns. I do take my profession very seriously and know that when my clients entrust me with their real estate needs, I need to do the best job I can for them so that they can get what they want in the time they want.

I do work exclusively by appointment, so if you would like to schedule an appointment to meet with me to discuss your real estate needs please click Schedule Appointment or call me today at (540) 272-9012.

My company and I have two professional offices supporting all of Prince William County. One is in Manassas, and the other is in Haymarket. Since I have clients all over the county I work out of both offices.

I am a Candidate Member of the CCIM Institute, Member of the National Association of Realtors®, Virginia Association of Realtors®, and the Greater Piedmont Area Association of Realtors®. I hold several real estate credentials; Accredited Buyer Representative (ABR), Senior Real Estate Specialist (SRES), e-PRO Internet Specialist, and Commercial Specialist. I have an Associates Degree in Electronics Engineering and a Bachelors Degree in Business Administration.

Click here if you would like to learn more About Me or My Professional Services, visit My Website, read My Press Releases, My Letters to Congress, My Media Appearances, My Videos, or read just a few of the many Testimonials I have received.

"Helping You Get What You Want In The Time That You Want"

-Keith

RE/MAX Olympic Realty
15100 Washington Street
Haymarket, VA 20169
Office: (703) 530-2955, Ext. 6316
Cell: (540) 272-9012
Fax: (703) 891-9490
Email: kelliott@comcast.net
Website: ElliottForRealEstate.com
Blog: http://www.activerain.com/kelliott5264

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