In this video I am on site where Brambleton is developing the land for 3 of their new town home projects.  I was able to see what these towns from Centex, Beazer, and Van Metre are going to look like today and I think you will be pleased… Unfortunately they are not in the video…   http://www.youtube.com/watch?v=426U_OqRNvY These builders should begin sales in the beginning of the year.  Remember, if you are looking to buy a new home… Don’t go at it alone.  Builders d... Read Full Story

Not known for it’s senior living centers, Ashburn VA has become the site of Erikson’s age 62 and older adult community.  Over the past ten years active adult communities have been taking up residence in Loudoun.   Most are for those 55 and older.  Eriksons community, Ashby Ponds, is off of Gloucester and Loudoun County Parkway close to Ashburn Village.  It is a gated community with apartment style living… However, Ashby Ponds is not for rent but for sale.  It is for those se... Read Full Story

While we have seen major strides the last 6 months in the real estate market, it is difficult to know how much of it would have happened without the encouragement of the first time buyer credit.  Would the buyers have purchased without the credit? Data shows that the credit helped sale around 300k more home sales this year over 2008.  If the extension of the credit does get passed, it is believed that it will help another 200-300k homes sale.  The first 300k homes cost our government around 1... Read Full Story

HVCC, short for the “Home Valuation Code of Conduct,” imposed by Freddie and Fannie may be on it’s way out after a bipartisan amendment was approved on October 22, 2009.  The HVCC code restricted lenders from speaking directly with appraisers during the appraisal process to ensure the integrity of the appraisal value so that it would not “hit the value” needed to make the sale go through.  Though the intention of the HVCC code was good, many felt that it was actu... Read Full Story

This is the best satire I have ever seen regarding the foreclosure real estate market and how they are handled. http://www.youtube.com/watch?v=SM7oWKgCVo4 Though there are very few foreclosures in our local market, there are still a lot of great deals available.  Contact me for a list of distressed properties! Share This Read Full Story

We are nearing the end of the first time home buyer tax credit of $8,000 offered by the government.  Homes that do not settle by November 30th of this year no longer qualify.  The tax credit that DOES NOT have to be repaid has been a huge hit with home buyers but many worry that the real estate market will slow down once this time frame ends… The National Association Of Realtors has been pushing very hard for the extension of this credit and they may have their wish.  USA Today reports ... Read Full Story

What Is A Short Sale?  A short sale is when a bank agrees to accept less than what is owed on a property. Are There Any Consequences?  Yes.  If not, everyone would be pursuing short sales.  Here are a few potential consequences.  There may be more depending on the situation… 1.  Your Credit Will Be Damaged.   The question of how bad will remain to be un-answered and can depend on how it is reported to the credit bureaus by the lender, how long the short sale takes, and how the credit regulati... Read Full Story

Though Ashburn is known for it’s large communities it does have many desirable smaller neighborhoods that often go overlooked and unknown to many people.  Cameron Chase in Ashburn is one of these areas. The Skinny…. Cameron Chase is an older community in Ashburn (remember that old in Ashburn simply means built before 2000)  near the intersection of Ashburn Village Blvd. and Farmwell Rd.  It is home to 97 single family homes that were built between 1997 and 1999 by KHovnanian Homes... Read Full Story

You won’t find a community this large in Loudoun County, VA with no single family homes.  Dominion Station… Dulles (or Sterling), VA All together, there are 493 town homes in Dominion Station.  There is also a section of condos.  The large community was built by Winchester and Pulte Homes beginning in 1992.   Within the community you will find 3 pools, tennis courts, tot lots, a community center, and 3 miles of walking trails. 20166 Dulles Or Sterling??? Dominion Station is very ... Read Full Story

I am not sure what happened between the warm summer and the cold winter but autumn is off to a shivering beginning.  Real estate sales and values traditionally do not climb during the holiday season.  So… we are all waiting to see if the current upswing in values can survive this trial by ice season.   The Latest Loudoun Numbers…. Opinion…   Inventory is continuing to decrease.  This will keep prices high and days on market low.  The only negative we are seeing on this char... Read Full Story