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Archive for the 'Monday’s Blog – Selling a Home' Category

How Will the Silver Line Affect Housing in Tyson’s?

How Will the Silver Line Affect Housing in Tyson’s?

I am getting questions from buyers and sellers, so wanted to share with you some thoughts on housing in Tyson’s.

As far as what will happen – it is already on its way. It’s already coming! On the housing front, homes near the Silver Line will, or already are, appreciating. While some owners may not have welcomed Metro, especially above ground, many are happy to see their homes set to appreciate. In fact, some Realtors and homeowners believe homes “near Metro” have already appreciated due to the Silver Line there.

Tyson’s new housing will largely be condominiums. They will appeal to people looking to downsize and to first-time homebuyers. Walkability is key to the attraction of these buyers. At the same time, you can bet many will weigh in the vehicular traffic flow, as many people will want use of a car instead of or along with Metro. Additionally, we should expect, as the great majority of my buyers these days desire – that these too will want high-quality and low care homes. Area schools will be in question, though not by the majority of the new construction buyers, since they will mostly be younger and older buyers and not have children in the school system.

If you have been out to Tyson’s anytime in the last year, you have seen the new face on the area. We would love to hear: What are your thoughts?

Cheers,

Ken

How a Competitive Market Analysis Helps Price Your Home Right

How a Competitive Market Analysis Helps Price Your Home Right

Why do home sellers look to the expertise of real estate professionals for a market analysis to price their homes?

A professional competitive (or comparative) market study, done right, can supply the reliable and accurate base to price your home right. It includes, among other items:

1. Evaluation of your home’s location, lot size, age, square footage, condition, number of bedrooms, baths and other rooms, and its features-especially those that are most notable.

2. Help for you to determine what improvements, touch-ups and repairs may be needed, or useful, to get your home sold at all or to get it sold for the best price.

3. Comparison of your home with “similar” properties in your neighborhood,  or within a reasonable distance from your home (that a given type of buyer would be looking for a home within) that are for sale, have sold recently or are under contract.

4. A thorough and complete overview of the local market as it relates specifically to your home and its salability within a given period of time.

I hope you found this helpful. We LOVE to help!

Cheers,

Ken

Condos Sales in Arlington for First Half of 2014

Condos Sales in Arlington for First Half of 2014

Hi!

Arlington has incredible offerings in condos. I get questions concerning volume of sales and especially average price. So, I will share some details for the first half of 2014!
MLS statistics show 677 condos sold in Arlington. The average sales price was $421,812 and the average unit had 2 bedrooms and 1 bath.

If you would like more in-depth information on sales overall or of a particular building or unit, please contact us! We love to help!

Cheers,

Ken

Arlington County, VA, Board Lowers Real Estate Tax Rate

Arlington County, VA, Board Lowers Real Estate Tax Rate

The Arlington County Board adopted a $1.5 billion General Fund Budget for FY 2015.  The real estate tax rate was cut by a full 1 percent. Funding for schools and yard wast pickup was increased.The real estate tax rate was lowered to $0.996 per $100 of county-assessed value. Arlington’s tax rate is still the lowest in the region.

Tax Rate House

Under the proposed budget, what does this mean for “the average Arlington homeowner?”  With the average Arlington home being valued at $552,700, it means an increased tax/fee increase of 4.6%, or approx. $27/month – or a handful of of fancy lattes at favorite coffee shop.

Cheers!

Ken & Team Yes I Ken!

Should you sell your current home or buy your new home first ?

I get asked this question a lot, so think that it will be helpful for many of you…

If you are interested in buying a new home, do you sell your current home first or do you purchase your new home first?

The best answer is to sell your current home first. Why?

1. You can negotiate the best deal possible on your home sale since you have flexibility in when you want to sell.  There is no time pressure which often can affect sellers negatively . Read the rest of this entry »

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