“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

About Alexandria City County, VA

Update on your condo for sale at the Torpedo Factory

Will Nesbitt -  condos / real estate in Alexandria, Arlington, Fairfax County: Real Estate Agent in Alexandria, VA

115 Lee St. Alexandria VA 22314

Adm. & Mrs. R~,

This is an update on your condo for sale at the Torpedo Factory in Old Town Alexandria VA. I'm giving you this status report publicly. Don't worry, I'll never share privileged information in a public forum such as this---that's why I'm withholding your name above. But, my experience has shown that this publicly reporting this sort of information will increase your condo's Internet profile and will raise awareness among potential buyers.

kitchen of Torpedo Factory Condo

Let me start by saying Richard Blaine completed the updates in the kitchen and bathrooms. I went by to inspect as soon as he was completed. The new appliances are installed. The new floor in the kitchen looks especially good. He also completed all the painting. After my inspection, I found some spots in the master bedroom that needed a second coat, and Richard had no problem with heading back for a correction.

He claimed it was a little dark for him to see in that bedroom (more on that later) and I told him to buy some shop lamps. He purchased the lighting he needed so that won't happen to him again and then finished up the work. If you'd like to take a look at the place, you can find a virtual tour online here.

After Richard was done, he cleaned the place, but it wasn't quite to a military standard---if you know what I mean. So, I contacted Nidea Cortez, a cleaning lady who has and continues to do excellent work for us. I put her crew to work in the place removing dust, washing baseboards, cleaning and shining. They charged me a couple hundred bucks and I'm glad to pay it. The condo now sparkles. I took most of the pictures you see in the virtual tour and a few more pictures for good measure.

Then, as fortune would have it, I had a family member pass away and on the way to the funeral I caught a mild case of food poisoning. (Never again McDonald's, no matter how much of a hurry I'm in.) It was a rough couple of days, but during that time, I put the listing in the MRIS. I contacted the Realtor who had heard rumors of our pending sale, and almost immediately her client and others started a flow of traffic. I feel that our marketing campaign and our price must be pretty close to right, because potential buyers are coming through the place.

But I received some feedback that the place "seemed dark". (Maybe this was why Richard missed a few spots in the master bedroom.)

As you know, I like this unit at the Torpedo Factory because it's so close to the Carlyle House and so close to King St. I like this condo because the patio will get a nice patch of shade in the oppressive summer months which will make that patio usable in Virginia's summer heat.

This condominium had never seemed dark to me, but I went by to re-inspect sometime as sunset was approaching. While I was there I realized that the condo has almost no overhead lighting. Most of it is designed to work from switched-plugs and lamps. I knew that someone was coming by to see the place the next morning, so I ran out an purchased a couple of standing lamps to place in the unit.

It took me a bit to assemble the lamps last night but I'm happy I did it then. While I was putting the second lamp together, a Realtor and client entered the property. I got the second lamp up and hustled out. I must mention that I really think the design of the lamps suits the condo.

BTW, while I was there I snapped the picture below to show others just how pretty the courtyard is at the Torpedo Factory after dark.

courtyard of the Torpedo Factory

As you know, one my specialized areas of expertise is marketing real estate on the Internet. This post is one more drop in our tidal wave of Torpedo Factory information resources. Torpedo Factory dot com and Torpedo Factory dot info both prominently feature your condo. If a consumer uses Bing, Google or Yahoo to search for "Torpedo Factory condos" or "Alexandria condos" or any other of a number of searches, they will probably find your condo. I've also posted this listing at Postlets.com which plugs the listing into another tier of real-estate related Internet searches. One of the things you might notice at Postlets is that this condo scored a perfect 100 on its Walk Score. (Read more about Walk Score here.)

After assembling the lamps, I stopped on the way out to snap this night photo of the Woodrow Wilson Bridge. I think it helps illustrate this condo's proximity to the waterfront.

Woodrow Wilson Bridge

In closing, I still can't promise with absolute certainty that this condominium at the Torpedo Factory will sell quickly. This is still a tough market for sellers. But I can say with complete confidence, that we're going to get noticed by the types of people who will be interested in condos like the Torpedo Factory. I can guarantee we will have interested buyers touring our place online and in person. We know this is a great property in a great location. We feel the price reflects the discounts that have hit the entire market. And, at this time of this posting, we're also the most affordable unit for sale at the Torpedo Factory.

November and December are always slower sales months because of the holiday, but I think our outlook is bright. I will not be surprised if we end up with competing offers on this condo, and I'll keep you apprised of all offers. Enjoy your trip overseas and I hope the family is all doing well. We look forward to your safe return.


Will Nesbitt About the Author --- Will Nesbitt is the principal broker of Condo 1 Alexandria and Will Nesbitt Realty. Will specializes in condos, townhouses and single family residences in Alexandria, Arlington, Fairfax County, Crystal City, and Kingstowne. Will resides in Belle Haven Estates just outside Alexandria VA in Fairfax County.

Home Buyer Credit Extended and Expanded - It's Almost Official

Alexandria Virginia  - Real Estate Editor: Real Estate Agent in Alexandria, VA

The House voted 403-12 to approve the extension and expansion of the Home Buyer Credit. Now it just needs to be signed by President Obama, and he has promised to sign it as soon as it hits his desk.

How Long - You must sign your contract by April 30, 2010 and you must close by June 30, 2010

$8,000 Credit - Ten percent of the puchase price of a primary residence to a maximum of $8,000 for first time buyers and former homeowners who have not owned a home in the past three years.

$6,500 Credit - Ten percent of the purchase price of a primary residence to a maximum of $6,500 for repeat buyers who have "owned" their current homes for at least five years.

Military - If you have served outside the US for at least 90 days from January 1, 2009 to May 1, 2010, you are entitled to a one year extention.

Income Limits - Increased to $125,000 for a individual filers and $225,000 for a joint filers. Individuals with incomes up to $145,000 for individual filers and $245,000 for joint filers qualify for reduced credits.

Price Limits - The credits do not apply to homes more than $800,000

Cost to the rest of America that do not qualify or are not buying a home = $10.8 Billion.

Alexandria Real Estate Information - Looking to Buy or Sell a home in Alexandria? Email or call your Northern Virginia Real Estate Expert, Susan Craft, REALTOR®, CRS - Susan@SusanCraft.com or (703) 216-4501 - Susan's Website - SusanCraft.com

Susan is a proud member of the distinguished TEAM at McEnearney Associates - 109 S Pitt Street Alexandria, VA 22314

Would you like Auto-Emails of all new Blog Posts? Use the "Subscribe To:" button on the right hand side at http://www.alexandria-virginia-information.com/

Preferred Mortgage Companies in the Alexandria Real Estate Market

Alexandria Virginia  - Real Estate Editor: Real Estate Agent in Alexandria, VA

Below you will find a list of recommended lenders in the Northern Virginia market.

-----------------------------------------------

Signature Mortgage Services
An affiliate of McEnearney Associates, Inc.
510 King Street, Suite 506, Alexandria, VA 22314

Brian C. Bonnet, President
(703) 684-8601 * fax (703) 684-8602
bbonnet@signaturemort.com

Carey Meushaw, Loan Officer
(703) 684-8601 * fax (703) 684-8602
cmeushaw@signaturemort.com

-----------------------------------------------

SunTrust

7619 Little River Turnpike, Suite 210
Annandale, VA 22003

Stephen E. Sutton, Vice President & Senior Loan Officer
stephen.sutton@suntrust.com

Office: 703-914-1843
Cell: 703-216-4327
Fax: 703-642-7538

-----------------------------------------------

First Savings Mortgage Corporation
8444 Westpark Drive, Fourth Floor, McLean, VA 22102

Graham Setliff, Vice President
(703)827-4688 * fax (703) 564-4688
gsetliff@firstsavings.com

-----------------------------------------------

BANK OF AMERICA
7619 Little River Turnpike, #1000,
Annandale, VA 22003

Jason A. Griffin, Assistant Vice President
202)624-4037 * Fax (202)628-0364
jason.a.griffin@bankofamerica.com

-----------------------------------------------

Union Mortgage Group
7619 Little River Turnpike, #400
Annandale, VA 2003

Cynthia A. Small
Senior Mortgage Consultant
(703) 621-7895 * fax (703) 621-7955 * toll free (800)275-6958
csmall@union-mtg.com

-----------------------------------------------

BURKE & HERBERT BANK
100 S. Fairfax Street, Alexandria, VA 22314

Eric Dorn
Tel (703) 549-6600
edorn@burkeandherbert.com

-----------------------------------------------

Alexandria Real Estate Information - Looking to Buy or Sell a home in Alexandria? Email or call your Northern Virginia Real Estate Expert, Susan Craft, REALTOR®, CRS - Susan@SusanCraft.com or (703) 216-4501 - Susan's Website - SusanCraft.com

Susan is a proud member of the distinguished TEAM at McEnearney Associates - 109 S Pitt Street Alexandria, VA 22314

For Additional Information Visit Susan's Website at
SusanCraft.com

Would you like Auto-Emails of all new Blog Posts? Use the Subscribe To: button on the right hand side of this blog.

Home Buyer Credit Update - Wednesday 1:30PM

Alexandria Virginia  - Real Estate Editor: Real Estate Agent in Alexandria, VA

The Senate has voted 97 to 1 to end debate on the bill that includes the home buyer tax credit language. This bill is tied together with an extension of unemployment benefits for 14 weeks and up to 20 weeks in states with a jobless rate higher than 8.5%. The home buyer tax credit bill moves to the House where it is likely to pass quickly.

Under the proposal, the home buyer tax credit will be extended through April 30, 2010, and it will be expanded to people have lived in their homes for at least five years. The latter will be able to claim a up to a $6,500 credit. There are also provision to increase the number of qualified buyers, as the bill raises the income levels.

The up side is . . . we will sell more homes. The down side is . . . this is going to cost taxpayers and it does nothing but artificially prop up the housing market, which in many areas simply needs to settle into a free market level.

I will update the House progress as it happens.

Editor

Alexandria Real Estate Information - Looking to Buy or Sell a home in Alexandria? Email or call your Northern Virginia Real Estate Expert, Susan Craft, REALTOR®, CRS - Susan@SusanCraft.com or (703) 216-4501 - Susan's Website - SusanCraft.com

Susan is a proud member of the distinguished TEAM at McEnearney Associates - 109 S Pitt Street Alexandria, VA 22314

Would you like Auto-Emails of all new Blog Posts? Use the "Subscribe To:" button on the right hand side at http://www.alexandria-virginia-information.com/

McEnearney Associates Speak 11 Languages

Alexandria Virginia  - Real Estate Editor: Real Estate Agent in Alexandria, VA

When it comes to real estate in Northern Virginia or Washington DC, the only TEAM to call is McEnearney Associates. With more than 300 agents, you'll find the very Best of the Best.

And when it comes to communication, the TEAM offers agents speaking the following languages:

American Sign Language
Arabic
Chinese
French
German
Greek
Portuguese
Russian
Spanish
Taiwanese
Vietnamese

You can search for agents by the language they speak on the McEnearney Associates website at http://www.mcenearney.com/associates/agents

Alexandria Real Estate Information - Looking to Buy or Sell a home in Alexandria? Email or call your Northern Virginia Real Estate Expert, Susan Craft, REALTOR®, CRS - Susan@SusanCraft.com or (703) 216-4501 - Susan's Website - SusanCraft.com

Susan is a proud member of the distinguished Old Town Alexandria TEAM at McEnearney Associates - 109 S Pitt Street Alexandria, VA 22314

For Additional Information Visit Susan's Website at SusanCraft.com

Would you like Auto-Emails of all new Blog Posts? Use the "Subscribe To:" button on the right hand side at http://www.alexandria-virginia-information.com/