About Loudoun County, VA

Moving to a new city can be a challenge. Many people I work with, who are coming in from out of town, have never even been to this area. It complicates things even more, if you have children....finding the right school is very important. My name is Konnie McKee, I am a native Washingtonian, I've live here my whole life. . If you are relocating to Northern Virginia, it is important to work with an agent who knows the area and can assist you with finding a home that suits the needs of your family. For information on listing our Sterling, Virginia call me Konnie McKee 703 407 7088. To search the MLS for free go to www.KonnieMac.com

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I have realized after doing many a short-sale that alot of agents don't like doing them because of the time and effort they take. I have come to learn from 2 of my short-sales, that persisitance is all that is needed. I have had 2 short-sales that have lasted more than 120 days. One of them still hasn't settled, but is going to. I learned that sometimes as buyer's agents we have to call the 3rd party lender ourselves to get action. You might ask how is this possible if we don't have permission from the seller to talk to them? You can get permission. This doesn't always help. So another idea I have come up with is to get all the information I can from the listing agent, call the 3rd party lender, then tell them the reason for my call. BE PERSISTANT!!! Eventually, you will find someone, who will put you in touch with someone who can get results. Alot of times, all I did was ask to speak to the President's office and I got transferred. These companies are so overwhelemed that they have people designated to help us. They don't want these properties to goto Foreclosure because of the money it costs them. From these experiences I have accumulated some names and numbers for people in President's offices that can help in getting your short-sale expedited. Please contact me if you would like this information. Also, this is my first blog, so I hope it is helpful. thanks.

Ned

The Loudoun Summer Music Fest was ending their summer full of Sunday concerts tomorrow at the Belmont Country Club with The Loudoun Palooza. The guest bands were: Dreamscapes Project, Lloyd Dobbler Effect, Second Troy, Lionize, Getaway Car, Justin Trawick, Better Days Trio, Kelly Bell Band, Blackjacks and The Speaks .

Unfortunately due to Hurricane Hannah, the Loudoun Palooza has been cancelled. They hope to reschedule at Jammin Java in the future so look for updates!

This year was a huge success for the Loudoun Summer Music Fest. Smash Mouth, Travis Tritt, KC and the Sunshine Band, Credence Clearwater, and Blue Travellers were just some of the awesome bands that played.

Next year, music passes which will cover the entire summer will be on sale for only $100.

Look forward to seeing you all there in 2009!

The foreclosure/bank-owned and short-sale portion of the Loudoun County real estate market has been steadily improving over the last 6 months. But last month brought some of the best news we've had in a long time - demand outpaced supply!

For the first time since the market turned, there have been more distressed properties sell than new ones come on the market in a one month period. August had 326 distressed properties sell versus 306 new ones come on the market.

Here's a graph showing new listings (supply) versus solds (buyer demand) for 2008 (click to enlarge):

Notice that in January, the number of new listings was more than double the amount of solds. Since then, the number of solds has been steadily increasing. The number of solds in August was more than double those in January.

As for inventory, there was a spike in new distressed property listings last spring, but it's back down to the 300 per month level.

This is very good news for not only the foreclosure/bank-owned and short-sale property market, but the Loudoun County real estate market in general. The key ingredients to a stabilization of the market is lower inventory and higher demand, which is what we're seeing across the board in Loudoun County.

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