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Taking a Closer Look at a DEAL in Bristow, VA

 Chris Ann Cleland, Associate Broker, Northern VA: Real Estate Agent in Bristow, VA

Taking a Closer Look at a DEAL in Bristow, VA

Yesterday I wrote a post on the topic of whether you're interested in finding a deal or a house. Seems some buyers in Bristow, VA are still thinking there are amazing deals to be had out there.

One of the more popular homes in Braemar's community of Bristow is a Yardley model. They are "just right" when it comes to the size of what buyers are seeking in a single family home. They boast open floor plans and are usually found fairly upgraded as they were built during the boom and granite and hardwood floors were must haves. They typically sells around $385,000-$415,000 depending on the level of space finished, lot and upgrades. Prices lately have been on the rise for these homes.

Yesterday I saw a Yardley in Braemar pop up in the mid-$360's. When I toured it with my buyer, we were amazed that it seemed to be in such good shape. It really wasn't upgraded. There was carpet and vinyl flooring, low quality appliances and it was missing the refrigerator, washer and dryer. Still, it had a nice lot and a sizable wood deck. The basement was finished. I was thinking this really might be the steal I tell my client's don't exist. Closer examination revealed the reason for the low ball list price. The bitter home owner who had gone to foreclosure had forcibly removed the locking mechanisms from all the windows on the main level. They had also removed the door handle and lock from the sliding glass door to the deck. In the Master Bathroom, they had methodically, presumably with a screwdriver, nicked and nicked at the drywall. There were missing electrical switches. One light switch we turned on, we couldn't turn off.

These were sneaky little items you don't notice just walking through. And these were items that could end up being costly. And when you are dealing with devious former home owner, you begin to wonder what you aren't going to discover until you move in. Cement poured in the drains and toilets? Potential safety issues with the wiring of the home? Who knows?

We Bristow Real Estate Agents aren't lying to you when we tell you, if it seems too good to be true, it probably is. It's reality. The deals will cost you dearly in what you have to do to get them to the level of a move-in ready home in the same neighborhood. So what's your time worth? Still want a deal? Or do you want a great mortgage interest rate on a reasonably priced and move-in ready home?

Braemar Townhouse Report: November-December 2011

 Chris Ann Cleland, Associate Broker, Northern VA: Real Estate Agent in Bristow, VA

Braemar Townhouse Report: November-December 2011

It was another snowy day in Braemar today. And this is the kind of snow I like, just enough to make the ground white and not cause complete chaos with school closings and bad road conditions. Won't even need to shovel. If the rest of our winter is like this I will be a happy lady.

The Braemar townhouse market is already making me a happy lady. With the last two months of 2011 behind us, we can take a look back and I can share with you the good news November and December brought to our real estate market. As always, I have compiled data by separating Braemar townhouses into two categories: No Garage and Garage. Let's start with the former.

Braemar Townhouses with No Garage had seven sales during November and December. The high sales price was $265,000 and that price occurred twice. The low sales price was $180,000. The average of all seven gives us our new average market value for Braemar Townhouse with No Garage of $234,243. That's over a 5% increase since last report. Unfortunately, since there were no sales in November and December 2010, we don't have a year to year comparison.

If you placed your Braemar Townhouse with No Garage on the market, priced to current market conditions, this report indicates you could have your home under contract in an average of 25 days. You could also expect a buyer to ask for nearly 1.5% of the sales price in closing cost help.

Braemar Garage Townhouses had five sales during November and December. The high sales price was $265,000 and the low sales price was $243,000. The average of all five sales gives us our new average market value for Braemar Garage Townhouses of $254,200. That's less than a 1/2% increase since last report and more importantly, nearly an 8% increase since the same reporting period last year.

If you placed your Braemar Garage Townhouse on the market, priced to current market conditions, you could expect it to be under contract in an average of 15 days. You could also expect a buyer to ask you for about 2.5% of the sales price in closing cost help.

The next Braemar Townhouse Report will be out in March and will detail sales during first two months of 2012. Until then, if you are thinking of selling your Braemar townhouse, I'd be happy to give you an estimate of your home's specific value in the market. No matter your equity position I can help. I've been a full-time Bristow real estate agent and Braemar resident since 2005; and a Short Sale Agent since 2007. No one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SellingBraemar.com

Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)

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You can see the most recent property values in Braemar by clicking the links below:

Arista Series (large single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, Brookfield Homes)

Courtyard Series (executive style homes, five to a private driveway, Brookfield Homes)

Heritage Series (mid-sized single family homes, Brookfield Homes)

Condo Quarterly (condos known as Barrhill at Inverness Village)

Braemar Property Values: November-December 2011 (Heritage Series)

 Chris Ann Cleland, Associate Broker, Northern VA: Real Estate Agent in Bristow, VA

Braemar Property Values: November-December 2011 (Heritage Series)

Seems as though Braemar will experience a mild winter this season. Well, so far, so good. It's only January 7th so anything can happen. Some of the largest storms we've experienced have been in February or March. We'll keep our hopes up that there are no major storms. I know the HOA's would be super happy about that. Snow removal can be a big expense when you have a rough winter.

Since the last two months of 2011 are officially behind us, we can take a look back at the Braemar real estate market and see how it shook out. In particular, we'll look at sales in the Heritage Series homes. Heritage Series homes are mid-sized single family homes in Braemar, built by Brookfield, that include the following floor plans: Exeter, Yardley, Zachery and Waverly.

There were three sales, all in November, of Heritage Series homes. Two Zachery models and one Yardley. I know the details on the Yardley model sold because I represented the buyers. They got one of the nicest houses I have ever seen in Braemar. The high sales price was $415,000 and the low sales price was $380,000. The average of all three gives us our new average market value for Braemar Heritage Series homes of $396,300. That's nearly an 11% increase since last report. Unfortunatley, there were no sales in the same reporting period last year, so that is a comparison we can not make.

If you placed your Braemar Heritage Series home on the market, priced to current market conditions, this report indicates that you could expect it to be under contract in less than two weeks time. You could also expect a buyer to ask for an average of nearly 1% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in March and will detail sales from the first two months of 2012. Until then, Until then, please call me if you are thinking of selling your Braemar home. I'd be happy to do a free market analysis of your particular Braemar home's worth in today's market. As a Braemar resident and full-time Bristow real estate agent since 2005. I've also been a Short Sale Agent since 2007, so I can help you sell no matter what your equity position. And remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SellingBraemar.com

Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)

__________________________________________________________________

You can see the most recent property values in Braemar by clicking the links below:

Arista Series (large single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, Brookfield Homes)

Courtyard Series (executive style homes, five to a private driveway, Brookfield Homes)

Braemar Townhouses (garage and no garage townhouses, not including patio homes)

Condo Quarterly (condos known as Barrhill at Inverness Village)

Braemar Property Values: November-December 2011 (Courtyard Series)

 Chris Ann Cleland, Associate Broker, Northern VA: Real Estate Agent in Bristow, VA

Braemar Property Values: November-December 2011 (Courtyard Series)

Happy New Year to all my Braemar neighbors. With the last two months of 2011 behind us we can take a look back at the Braemar real estate market, specifically with regard to sales of Braemar Courtyard homes. Braemar Courtyard homes are characterized by their near zero lot line lots and five homes clustered around a private courtyard driveway. The models of Courtyard homes include the Arlington, Ballston & Clarendon.

There were two sales of Braemar Courtyard homes during the months of November and December. The high sales price of $339,900 belongs to a Ballston model with four bedrooms and three and a half bathrooms. The low sales price of $322,000 belongs to a Arlington model with three bedrooms and three and a half bathrooms. The average of their two sales prices gives us a new average market value of $330,950 for Braemar Courtyard homes. Since there were no Braemar Courtyard home sales to report in September and October, we have no comparison to the last report. However, this average market value is nearly 3% lower since the same reporting period last year.

If you placed your Braemar Courtyard home on the market, priced to current market conditions, this report indicates you could have your home under contract in about a month and a half. You could also expect a buyer to ask for an average of just over 1.5% of the sales price in closing cost help.

The next Braemar Property Value Report will be out in March and will detail sales from the first two months of the year. Until then, if you are thinking of selling your Courtyard home give me a call. I've been a full-time Bristow real estate agent and Braemar resident since 2005 I've also been a Short Sale Agent since 2007. No matter what your equity position I can get your Braemar home sold as quickly as possible and for the maximum dollar amount. Remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.SellingBraemar.com, www.NVARealEstate.net

Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)

__________________________________________________________

You can see the most recent property values in Braemar by clicking the links below:

Arista Series (large single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, Brookfield Homes)

Heritage Series (mid-sized single family homes, Brookfield Homes)

Braemar Townhouses (garage and no garage townhouses, not including patio homes)

Condo Quarterly (condos known as Barrhill at Inverness Village)

Braemar Property Values: November-December 2011 (Carriage Series)

 Chris Ann Cleland, Associate Broker, Northern VA: Real Estate Agent in Bristow, VA

Braemar Property Values: November-December 2011 (Carriage Series)

Happy New Year to my fellow Braemar residents! Seems that 2012 is off to a good start, but I know that because I took the time this week to compile information about our Braemar real estate market. Allow me to share that with you.

For the purposes of this particular report, I will share stats on the Braemar Carriage home market for the last two months of 2011. A Braemar Carriage home is characterized by the detached garage or parking spaces in the rear of the home. There are four types of Braemar Carriage homes and they include, from smallest to largest the following floor plans: Maplewood, Norwood, Oakdale and Parkdale.

There were two Braemar Carriage homes that sold between the months of November and December. The high sales price was $357,000. The low sale price was $340,000. Both were the larger Braemar Carriage home models. One an Oakdale, the other a Parkdale. The average of their sales prices gives us a new average market value for Braemar Carriage homes of $348,500. That means over a 13% increase since last report (not surprising since all those sales were the smaller Carriage homes) and nearly a 15% increase since the same time last year.

If you placed your Braemar Carriage home on the market, priced to current market conditions, you could expect it to be under contract in less than two weeks. You could expect a buyer for ask for a small closing cost contribution.

The next Braemar Property Value Report detailing Carriage home sales will be out in March and will details sales from the first two months of 2012. Until then, if you are thinking of selling your Braemar Carriage home, get in touch with me for a free analysis of your home's specific value. Braemar Carriage homes are always in demand and I can help you sell yours quickly and for the maximum amount of money.

As a Braemar resident and full-time Bristow real estate agent since 2005, and a Short Sale Agent since 2007, I can help you no matter what your equity position. And remember, no one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.SellingBraemar.com, www.NVARealEstate.net

Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information System)

_____________________________________________________________

You can see the most recent property values in Braemar by clicking the links below:

Arista Series (large single family homes built by Brookfield Homes)

Courtyard Series (executive style homes, five to a private driveway, Brookfield Homes)

Heritage Series (mid-sized single family homes, Brookfield Homes)

Braemar Townhouses (garage and no garage townhouses, not including patio homes)

Condo Quarterly (condos known as Barrhill at Inverness Village)