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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

How to Save Money as a First Time Home Buyer

How to Save Money as a First Time Home Buyer

Hi First-Timers!

We work with a lot of first time home buyers; at one time, almost 70% of our clients were first-timers. We’ve been very successful in helping them keep their costs as low as possible. I will share some of the many ways we help our clients save important dollars at purchase time.

Here are some of the ways to do just that!

1. Select a Buyer Representative as soon as you begin thinking of buying. This can save you a lot of money in the process. The main reason is that a great representative can answer your questions quickly, saving you time (time is money) in the research phase because they have a breadth of knowledge that cannot be acquired elsewhere.

Secondly, they can assist you in forming a strategy that will take into account changing markets. For instance, an increase in the interest rate can reduce your ability to buy “as much” house as you want. So, projecting a possible increase in the future, they might help you be on a course to buy as soon as possible, for instance.

2. Financing is a solution to spending less money. Have your Buyer Representative refer you to an incredible lender. A Realtor who has been in the business for years and has worked with many first time home buyers, pairing them with lenders and loan programs, can hook you up with a lender who is appropriate to get you set, by reviewing loan programs with you.

3. Money from elsewhere.

You can get a tax-free gift from your parents or others. Children can receive up to $10,000 from each parent in one year, tax free. So, a couple can get gifts up to $40,000 from four parents without any tax consequences.

A subsidy from sellers. Some sellers will be willing to give a subsidy towards your closing cost – i.e. closing cost assistance. Your lender will give you guidelines as to what is allowable in each loan program.

We hope this was helpful and we would love to be of more assistance. Please ask more questions here or contact us directly.

Cheers,

Ken & Team Yes I Ken!

Kate Roche Appointed as President of Arlington, VA Chamber of Commerce

Kate Roche Appointed as President of Arlington, VA Chamber of Commerce

The Arlington Chamber of Commerce Board of Directors voted today, June 20th, to appoint Kate Roche as the new President. With the Chamber since 2007, Roche served as VP for the past year. She succeeds Rich Doud, who retired last month after 23 years as President. Roche was selected by the board after a three-month search process.

Congratulations, Kate! We are so excited for you!

Cheers,

Ken & Team Yes I Ken!

Arlington’s Columbia Pike Plan Wins Award

Arlington’s Columbia Pike Plan Wins Award.

Yes, another award for Arlington! They never stop coming.

The Congress for New Urbanism has awarded Arlington’s Columbia Pike Initiative its 2014 “Best Corridor Plan.”  The CNU is an organization promoting healthier living conditions, mixed-use neighborhood development and walkable, sustainable communities.

streetcar

As reported on news.arlingtonva.us’s website: “The jury was very impressed with the design elements of this high profile and important urban corridor,” said Congress for the New Urbanism (CNU) jury member Brent Toderian. “The Plan addressed a broad variety of important urban issues, from affordability to creating and enlivening public space, in their linear corridor thinking.”

“This award acknowledges our community’s hard work – and years of planning – to transform Columbia Pike into a more transit-oriented, walkable ‘Main Street’ and an even better place for people of all incomes to live,” said Arlington County Board Chair Jay Fisette. “We’re already seeing the investment resulting from good planning and anticipation of the streetcar. This is further validation of Arlington’s approach of linking land use and transportation planning.”

Way to go, Arlington County!

Cheers,

Ken & Team Yes I Ken!

Westover Place, Arlington VA, Sales of Townhomes Now Open

Westover Place, Arlington VA, Sales of Townhomes Now Open

Hi! I hope this finds you well!

New for my neighborhood of Westover is the development of a block of townhomes. Here is their description on the builder, Evergreene’s, website: “Luxury Townhomes in Arlington, VA. Evergreene Homes is proud to present Westover Place, located in one of the great, historic neighborhoods of Arlington, Virginia. Westover is widely loved for its remarkable mix of parks, places to shop and dine, and close proximity to Ballston, two Metro stations, I-66 and Route 50. Here, within easy walking distance of Westover’s most popular gathering places, is a community of twenty brand new townhomes for sale in Arlington.

These highly flexible designs feature 2-3 bedrooms, 2.5 – 3.5 baths, a 2-car garage, and loft with huge outdoor terrace. Available customizing options allow for up to 5 bedrooms and unique room configurations designed for the way you live.”

The project has, notably, had opposition and questioning from nearby neighbors, other Arlington County residents and residents who are environmentalist-minded.

Development is now underway with the breaking of ground on the site. Sales are open.

Cheers,
Ken & Team Yes I Ken!

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