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The Silver Line Set to Open Saturday, July 26

The Silver Line Set to Open Saturday, July 26

On Saturday, July, 26th, the much anticipated Silver Line of Metro is set to open. The first phase opens the Silver Line between East Falls Church Metro in Arlington and Reston; a second phase, extending the line to Route 772 in Loudon County, is slated to debut in 2018.

Some questions:

– Will the rail extension create a demand in the market for what it needs?

– What direction will new building take, esp in Tyson’s Corner?

– Will there be numerous opportunities for small businesses to get in the act, along with big box and other stores?

Comments? Thoughts?

Cheers,

Ken

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

Virginia Approves Historical Highway Markers

Virginia Approves Historical Highway Markers

Hi. If you are a lover and proponent of markers, especially as they relate to Virginia’s history, join me in celebrating this news!

The Virginia highway marker program started in 1927, and there are currently in excess of 2,500 official state markers. The Virginia Department of Historic Resources recently approved eight new state historical markers. The markers cover topics in the counties of Fairfax, Mecklenburg and Shenandoah. And also in the cities of Charlottesville, Lexington, Petersburg and Richmond.

Some highlights of the topics covered: The life of a free African American who became the first President of the African nation of Liberia, the founding in 1865 of a college fraternity inspired by Robert E. Lee and the battlefield promotion a Civil War hero. One marker notes the adoption by Virginia’s General Assembly of a statute establishing religious freedom in the state (which decoupled religion and government).

The historical marker “The Old State Capitol,” proposed for installation in Richmond’s
Shockoe Slip, recalls that in 1780 “Virginia’s capital was moved from Williamsburg to
Richmond to increase its accessibility and avert British attack by sea.”

A historical marker “The Old State Capitol,” is proposed for installation in Richmond’s Shockoe Slip – one of my favorite areas in the city. It states that in 1780 “Virginia’s capital was moved from Williamsburg to Richmond to increase its accessibility and avert British attack by sea.”

If you are a fan of historical markers, I hope you get to see some or ALL of these new markers. Enjoy!

Cheers,

Ken

Arlington County’s Treasurer Retires

Arlington County’s Treasurer Retires
That’s right, another seat opens up in Arlington County!
Francis X. O’Leary (D) has retired as the Treasurer of Arlington County. She served as the Treasurer for more than 30 years. Last Monday, Deputy Treasurer Carla de la Pava was sworn in as the interim treasurer.
No date has been set yet for a special election to fill the Treasurer’s position.  With so many special elections being held this year, what’s one more?! I’m ready to head to the polls! How about you?
Cheers,
Ken & Team Yes I Ken

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