Yesterday I read a post from my friend and colleague Brian Block that talked about the highest priced sales in Fairfax County.
This lead me to thinking about properties that have been on the market for an extended period of time. In today's market, some agents un-list and re-list properties over and over so that it doesn't like like its been a long time on the market. BUT, some agents don't use this practice, which I think is a good thing.
So, for your viewing pleasure, I'd like to highlight properties that have long DOM (days on market) figures.
For some, its a function of price range. Those properties are only for, shall we say, the most discriminating buyer. For others, its a mystery.
Here is a list of properties in our area that have been on the market for over 1095 days- that's 3 years for us "division challenged".
And if you're in the market, some of these properties might be worth a second look, and I'm sure the listing agents would love to receive an offer.
| 3410 NEVIUS ST, FALLS CHURCH, VA 22041 | |
| ML#: FX6092636 | LP: $459,000 |
| Status: ACTIVE | DOMM/DOMP: 1171/1171 |
This property in Falls Church needs lots of TLC- REALTOR-speak for alot of work. However, it does have an in-ground pool and a nice screened in porch. The entire estate is situated on well over half and acre. The location is hard to beat- Lake Barcroft is one of the most prestigious neighborhoods around. It has 3 bedrooms, 3 full bathrooms and half bath. Its in need of renovation but could easily become a million $ property with the right fixes.
| 6934 27TH RD N, ARLINGTON, VA 22213 | |
| ML#: AR7146415 | LP: $565,000 |
| Status: ACTIVE | DOMM/DOMP: 7/1877 |
This modest home is occupied by a month-to-month tenant. It is close to East Falls Church metro, shops and other conveniences. There are 4 Bedrooms, and 3 full baths.
| 6802 THOMPSON CREST CT, MCLEAN, VA 22101 | |
| ML#: FX7032214 | LP: $799,900 |
| Status: ACTIVE | DOMM/DOMP: 142/1232 |
This lovely garage townhome has a McLean address. It sports 5 levels and all are serviced by an interior elevator. Other features include: huge storage basement, family room with patio, main level living room,dining room and expansive kitchen, two levels of bedroom/study space; Hardwood floors throughout.
| 1300 CRYSTAL DR #409S, ARLINGTON, VA 22202 | |
| ML#: AR6754082 | LP: $890,000 |
| Status: ACTIVE | DOMM/DOMP: 482/1133 |
This is a beautiful 2300sf living space on the 4th floor of Crystal Gateway condo. Its in the heart of Crystal City, adjacent to the metro. There's alot of action here and the apartment is HUGE. Its orginal price for this 3BR/2.5ba unit was $1.2M. There's marble, granite, and even a study. The master bath rivals a luxury hotel's.
| 11801 RIVER DR, LORTON, VA 22079 | |
| ML#: FX7112582 | LP: $1,199,000 |
| Status: ACTIVE | DOMM/DOMP: 49/1417 |
This waterfront home offers a country-club atmosphere. It is adjacent to two parks and water-based activities are the catch of the day. There's a private dock, spectacular views of widewater Potomac, and deep-water boating ability. 4 Bedrooms, 4.5 baths, and over 5000 square feet to spread out.
| 8521 GEORGETOWN PIKE, MCLEAN, VA 22102 | |
| ML#: FX6510833 | LP: $1,825,000 |
| Status: ACTIVE | DOMM/DOMP: 747/1293 |
This beauty sits on 2.2 acres of peaceful woodland. Sun-filled rooms warmed by random-width pine floors, exquisitely detailed millwork, built-in custom cabinetry, 5 masonry fpls, 4 spacious bdrms, den/guest room, walk-out rec room w/cozy wood-burning stove, gardener's greenhouse, multi-level deck views wooded paradise. Perks 5BR, which means it can be expanded.
| 9600 FERRY HARBOUR CT, ALEXANDRIA, VA 22309 | |
| ML#: FX6951409 | LP: $6,415,000 |
| Status: ACTIVE | DOMM/DOMP: 242/1297 |
This one-of-a-kind private estate mansion is on the banks of the Potomac in Fairfax County. This is the lap of luxury- 5 bedrooms, 4.5 bathrooms. SEVEN garages, attached, detached, and yes, even one underground. Enjoy walking the grounds- just a mile from the orginal Mount Vernon estate- George Washington's home. Fine living on 5 acres here.
I'm happy to report that I won the lottery! No, I didn't come into any money- but it many ways, this is just as good.
Earlier this month, our company announced that we were asked to participate in an Extreme Makeover Home Edition project in our area. There would be a residence in MD and a community center in DC. I attended a pre-project rally on Aug 13 and was fired up and ready to get started on it. I even got a top, top secret line on the address of one of the projects and drove by to check it out. The organization that the building belongs to is a WONDERFUL group of people that do so much for children in the District. They truly are doing great things. We couldn't wait to get started.
Then, there was the announcement that the the community and sponsor response was SO GREAT that unfortunately, the company would have to choose their volunteers by lottery. Naturally, we were biting our manicured fingernails in anticipation. Then we learned we did get selected to participate. We got our time slot- which is 3AM-9:30AM Thursday morning, 8/28. This is the day before the "big reveal".
We don't know which site we will be at and we don't know what we will be doing. We are just grateful and excited to be helping a deserving family and a deserving community. There is nothing better than to give with your own hands and your own sweat.
I am very much looking forward to Thursday morning!
Hello blogosphere!
I previously reported (in haste I admit) that the $8000 credit could be used as downpayment- however, that went out the window almost as soon as it was announced.
It has been officially announced, however, and this time it stuck, that the credit can be used towards closing costs.
How does it work? Well, its basically a short-term loan with the tax credit used as collateral.
Its brilliant!
A buyer has to buy a property between Jan 1, 20098 and Dec 1, 2009.
That's right, DECEMBER 1ST, not 31st!!
The credit is 10% of the purchase price of the home, up to $80,000. So, for most buyers in our area, they would qualify for the max credit, since most properties are well above $80,000.
The credit applies to first-time homebuyers only - those who have not owned a home in three years or more. Also, both parties in a marriage must meet this test.
Individuals with an adjusted gross income of $75,000 or less OR couples with a joint AGI of $150,000 or less qualify for the full credit. The credit is phased out as income increases. An Individual AGI of $95,000 or more or $170,000 for couples puts you out of the running for the credit.
The tax credit does not have to be repaid, so long as the buyer stays in the property a minimum of three years.
Different government agencies, non-profits and FHA-approved mortgagees can provide these bridge loans secured by the anticipated tax credit.
So, if you've been putting it off- now is the time!
Hi everyone! I bring GOOD NEWS! Ok, its not "the" good news, but it's pretty great!
The HUD Secretary today annouced that the $8000.00 first time homebuyers tax credit will now be "monetized" which means that the credit is now available for FTHBs to use as a DOWNPAYMENT! Isn't that wonderful?
Here is the link to the full story: http://www.realtor.org/press_room/news_releases/2009/05/re_summit
There really is NO BETTER TIME to be a First-time Homebuyer!
RE/MAX Allegiance
Short Sale Task Force
Worried You Could be Facing Foreclosure?
We May Have a Solution For You
TOP 5 REASONS TO AVOID FORECLOSURE
1. Military and government security clearances could be at risk with foreclosure.
2. Many employers run credit checks on prospective employees and foreclosure is one of the top items that will put a potential new hire in jeopardy.
3. Credit scores can be lowered by 300+ points affecting the ability to get a car, apartment, credit cards, etc.
4. The homeowner will always have to disclose they have had a foreclosure on any mortgage application.
5. A foreclosure is the one credit report item that is almost impossible to "repair."
If you are facing a potential foreclosure, contact the Short Sales Task Force today! Our agents have the training and experience needed to successfully negotiate 9 out of 10 short sales.
WHO QUALIFIES FOR A SHORT SALE?
It is estimated that most American families can only maintain their current living expenses for 60 days or less when income is interrupted for any reason.
You may be qualified to sell your home as a Short Sale if you meet one or more of the following situations:
1. Payment Increase or Mortgage Adjustment -- this is the single largest reason for distress in today's market. If you bought your home with an interest-only or adjustable rate mortgage and your payments have increase (or will soon increase).
2. Loss of Job -- when a homeowner loses employment, the loss of income is most often immediate and can quickly cause financial distress.
3. Business Failure -- as above, if your business is suffering, the loss of income may allow you to qualify for a Short Sale.
4. Damage to Property -- often insurance companies will not cover the full amount of damage to a property and homeowners are unable to make the needed repairs.
5. Death of a Spouse or Family Member -- if you have lost a spouse or family member and, as a result, suffer a loss of income, you may qualify for a Short Sale.
6. Severe Illness -- may result in a loss of income or large medical bills.
7. Inheritance -- if you have inherited a home and cannot keep up with the payments or maintenance, you may be able to sell the home as a Short Sale.
8. Divorce -- divorce or separation almost always results in financial hardship.
9. Relocation -- if your job requires you to move out of the area or out of state. Does not necessarily apply if you find a new job out of state.
10. Military Service -- servicemembers who have had their periods of active duty extended are suffering a tremendous amount of financial pressure and may qualify for a Short Sale.
If you meet one or more of the above scenarios, call the Short Sales Task Force today!
PHONE: 703-969-1691
EMAIL: info@shortsaletaskforce.com
©2009 Short Sale Task Force. 6084A Franconia Road, Alexandria, VA 22310
Martha Acebedo
ABR,CRS,GRI,CDPE
Cell: 703-863-1613
Se Habla Espanol!
Bruce Ryan
CDPE
703-843-1420
BruceHRyan@verizon.net
Cathy Baumbusch
ABR,CAS,CDPE
703-969-1691
Martina Burns
CRS, GRI, RRS, CDPE
703-650-8533
Licensed and selling Real Estate since 2001. Selling homes in Fairfax, Arlington, Alexandria, Prince William and Stafford County. Helping Buyers and Sellers throughout Northern VA. MBA,ABR,CAS,CDPE,NF
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