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Tamara Inzunza, CRS, CDPE | Alexandria VA Real Estate | 703-623-8759

Del Ray Bungalows Can Help Home Sales Prices Stay Low

Del Ray Bungalow

When looking at detached homes for sale in Del Ray Alexandria VA, one way to keep your home prices lower is to consder a bungalow styled home. Many bungalows in Del Ray have been expanded to include more functional living space such as a family room, an extended kitchen, additional bedrooms, and a rear porch. What distinguishes a bungalow from other detached homes is that no matter how you look at a bungalow, they all have classic character. Unlike the colonials, Del Ray bungalow styled homes usually bear the following characteristics:

  • Front steps to a front porch or covered entry
  • Bedrooms on the main level (a base framed bungalow was likely a two-bedroom home)
  • V-pitched roof with an attic, or converted bedroom, with a steep stairway from the main level

Because bungalows are smaller in comparison to traditonal colonial homes, they are usually offered for sale at lower prices. Bungalows for sale in Del Ray can range from the high $400's, indicating a possible need for renovation, to the $800's depending on upgrades, additions, and lot size and features. Many Del Ray homebuyers specifically seek out bungalow styled homes because of their more economical size and square footage. You may not want all of the space that usually comes with a traditional colonial, but still prefer to be fully detached and on a level yard.

Photo Tour: See More Pictures Of Del Ray Bungalows

MLS Search: See All Del Ray and Alexandria VA Bungalow Homes For Sale

Property Value: Find Out How Much Your Del Ray Bungalow Is Worth

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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes condos, townhomes, and single-family homes for sale.

Call me at 703-549-9292 x228 or 703-623-8759.

Visit my website and Search All MLS Listings Homes For Sale in Alexandria VA at www.MovingToNova.com/.

If you're thinking about selling Alexandria VA real estate and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home.

Not selling Alexandria VA real estate but curious about the homes for sale in your Del Ray or Old Town Alexandria neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.

Make That Move

Del Ray Homes For Sale - For A Limited Time Only

As the 2008 calendar year comes to a close, I'm sure you've seen many commercials on TV, heard announcements on the radio, received coupons for special shopping times in the mail, and even your favorite stores have probably emailed you about exclusive deals 'for a limited time only'.

The same holds true with real estate and homes for sale in Old Town and Del Ray in Alexandria VA. December has always been a good time to buy a home because you can still take advantage of earning a few extra tax deductions through a home purchase. Last week, the government and mortgage industry made news by announcing lower interest rates.

But, while the low interest rates are 'for a limited time only', the higher amount that you can borrow for a mortgage loan is also 'for a limited time only'.

Starting January 1, 2009, the FHA loan limits will decrease from $729,750 to $625,500 for home purchases in Old Town Alexandria VA. Although the U.S. Housing and Urban Development office made this announcement last month, coupled with insatiably low interest rates, homebuyers who are on the fence have a unique opportunity to pick from a larger inventory of homes, negotiate favorable terms, and borrow money at a long-term fixed rate for less than 6%.

Here's my pick for this week's HOT LIST of homes for sale in Del Ray and Old Town Alexandria VA that you may be able to buy before the end of 2008. In my opinion, now is still the time to buy the cheapest house in the best neighborhood.

Condos, townhomes, and single-family detached homes in the Old Town Alexandria VA zip code of 22314, and Del Ray homes in zip codes 22301 and 22305 are highly sought after because of location, proximity to metro, walkscore.

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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes condos, townhomes, and single-family homes for sale.

Call me at 703-549-9292 x228 or 703-623-8759. Visit my website and Search All Homes For Sale at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.

Make That Move

Old Town Alexandria: Condo Real Estate Update For Sale October 2008

Old Town Alexandria CondoFirst time buyers in the market for Old Town Alexandria real estate can choose from a variety of condos for sale. Move up buyers who want resort-style living and amenities can also take advantage of the Old Town Alexandria condo market.  Those wanting to stay close-in will undoubtedly have the 22314 zip code on their radar.

Commuter conveniences such as the Braddock Road and King Street metro stations, nearby Reagan National Airport, and the free King Street Trolley make it easier for car-less buyers to get around and enjoy an active lifestyle.

In the month of October, 29 condos in Old Town Alexandria were listed for sale, and 17 were sold.  In September, 17 condo units were listed for sale and 20 units were sold.  Those listed ranged in price from $190,000 to $2,795,000.  The lowest priced condo home is in the Harbor Terrace community, and the highest priced condo for sale is in the Liberty Row community.

Here's a look at the overall Old Town Alexandria real estate market from September 2008 to October 2008 to include all property types:

  Sep-08 Oct-08 % Change
Total Sold Dollar Volume:  $24,733,095 $22,423,162 -9.34%
Average Sold Price: $634,182 $521,469 -18%
Median Sold Price:  $534,795 $504,065 -6%
Total Units Sold:  39 43 10%
Average Days on Market:  71 72 1%
Average List Price for Solds:  $687,109 $563,661 -18%

Old Town home sellers are negotiating which is clearly a good sign for buyers.  Right now, condo homes are making up a big portion of the overall home sales in Old Town.

Free Resources: Find Out What Your Old Town Alexandria Home Is Worth

Free MLS Search: Browse The MLS and Search For Old Town Alexandria Condos and Homes For Sale

 

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What You'll Learn When Meeting With Your Old Town Alexandria Real Estate Agent

While many people looking to buy a home for sale in Old Town Alexandria VA or Del Ray start out looking at homes, smart buyers know that once they know their tastes and budget, the next step is to meet with their Realtor for an initial consultation.

The initial consultation serves many purposes both for the Realtor, and the consumer. For the Realtor:

  • It provides me an opportunity to listen to your long term and short term goals
  • It gives me a chance to review the homebuying process to you from start to finish
  • It allows me to explain the different types of agency representation
  • It helps me to determine what types of homes can best accommodate your needs
  • It gives me the opportunity to provide you with different monthly payment estimates of homes that you select from the MLS, based on your approved mortgage

For the consumer:

  • It gives you the opportunity to ask questions about the homebuying process
  • It allows you to interview your agent to see if you will work well together
  • It helps you to see what homes are available in your price range by browsing the MLS and seeing how your Realtor searches the MLS for you
  • It gives you a chance to take a tour of homes to see what neighborhoods may be of interest

Buying a home is a big step. And remember, getting pre-approved for your mortgage does not obligate to buy, and meeting with a Realtor for an initial consulation does not obligate you to buy. But these are two very important steps in your information gathering process. Once you have determined how much you can afford, and have an idea of where you'd like to live, it's then time to meet with your Realtor to see what Old Town Alexandria VA and Del Ray homes for sale are available.

Homebuying Process Step 1: Your Lender Consultation

Free Report: What You Should Know, Your Buyer Bill of Rights

Free Report: HUD's Homebuying Guide

Free MLS Search: Browse the MLS and Sign Up for New Listings

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Buying or Selling Real Estate in Alexandria VA? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes condos, townhomes, and single-family homes for sale.

Call me at 703-549-9292 x228 or 703-623-8759. Visit my website and Search All Homes For Sale at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit www.ConfidentialCMA.com for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit www.MovingToNova.info for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.

Make That Move

*Note: All images Copyrighted by Tamara Inzunza

Selling Your Alexandria VA Home - Find Out The Value

You've worked hard to build your nest egg, and you've probably been counting on the value of your Alexandria VA home to aid you in a comfortable retirement.

Find Out How Much Your Home Is Worth

If you're wondering what your Alexandria VA home is worth, we can help. Simply log on, describe the features of your home, including any recent updates, and we'll send you a report on the latest home sales in your neighborhood and give you an opinion of what a buyer is willing to pay in today's market.