I was searching for a town home with a client last week in Centreville, Clifton and Fairfax and saw an interesting trend. The trend was in homes that were regular sales, not the foreclosures or short-sales which seemed to be about 50-60% of the market. So, let's consider the regular sales to be 40% of the market in the under $425k price range Continue Reading
Local Stories
The following is an archive of my articles about builders, strategies, home inspections, financing, painting, staging, tips, and skills. Start reading and you can search the archive anytime.
Using your tax credit to help with closing costs?
Rising from the ashes is a revised guideline from HUD stating that home buyers using FHA loans are allowed to tap into the $8,000 first-time home buyer credit to pay closing costs at the time they settle on their home. They still need to have the 3.5% down payment. HUD sent out a memo in early May announcing this program as many of you readers Continue Reading
Disclosure of Business Relationships
Doug Francis Licensed in Commonwealth of Virginia: Real Estate Board - Salesperson License Number 0225 021708 Expires: 12-31-2009 There are no complaints filed with the Virginia Department of Occupational Regulation (DPOR) My Real Estate Broker: Presidential Properties Inc. RE/MAX Presidential 3028 Javier Road Suite 100 Fairfax VA Continue Reading
My innocent trip to Arlington County Court
When I meet with clients, I like to discuss that I consider the equal opportunity laws to be the "highest law of the land". Some of you may remember me actually saying those words because I know that they carry some serious consequences if they are violated. We just had the fortieth anniversary of the Federal Fair Housing Act of 1968 which Continue Reading
Arlington County real estate tax rate for 2009-2010
Arlington County, Virginia has announced the new property tax rate for the 2009-2010 fiscal year. Real Estate: It shall be $0.865 per every $100 of assessed value. Continue Reading
Fairfax County real estate tax rate 2009-2010
Fairfax County, Virginia has announced the new property tax rate for the 2009-2010 fiscal year. Real Estate: It shall be $1.04 per every $100 of assessed value in 2009 The Real Estate TAX Rate for 2010-2011 is $1.09. Read more... Continue Reading
The “net price” of a real estate sale
After looking through some home sales data with a client in Oakton, it seemed like a good idea to clarify some of the determining factors when examining homes sales comparables that influence current pricing of homes. Determining a net sales price for a home is impossible if you are looking at recent sales data published in the local newspaper. Continue Reading
Vienna, Virginia Home on MacArthur Avenue just BOUGHT
This 4-level split level features a unique basement found in less that 5% of all splits... so there is tons of room including 5 bedrooms. This is the home that I found with a secret buyer agent tactic mentioned in the blog that might help you find your home... of course you will need to be a client! So this baby recently sold for Continue Reading
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