Revised Vienna VA real estate tax rate for 2023-24 Town of Vienna Real Estate 2023-24 fiscal year tax rate shall be $.195 (or 19.5 cents) per every $100 of assessed value. Real estate taxes are paid annually in two installments, due July 28, 2023 and December 5, 2023. The town’s real estate tax rate is 19.5 cents per $100 of assessed Continue Reading
On finding hidden new homes in Vienna
Ask anyone who lives in Vienna or McLean, and they will tell you about the impressive number of new homes being built. Many are custom homes being built for long-time owners, but more often it is an investor or builder scraping off an old house to build a new, semi-custom house to sell. What is happening here in Vienna, McLean, or Falls Continue Reading
How to pick a Settlement Agent
Selecting a Settlement Agent often comes down to a quick decision based on a recommendation from your Realtor. A quick decision? This is an interesting topic since home buyers, in Virginia, are given the option to select a Settlement Agent when they put together their offer to purchase. The idea is that they can compare fees and services, and Continue Reading
Tearing Down and Recycling in Vienna
Before we tear down older ramblers or splits in Vienna, there is a period of time when contractors will take houses apart so anything of value can be recycled or donated to a 501 (c) (3) charitable organization. Copper pipes HVAC systems Appliances Storm Doors But many people don't think about wood boards being recycled Continue Reading
Deposit Amounts and Negotiations
Sitting at their kitchen table while explaining the sales contract and putting together a competitive written offer, I was asked... "What's the earnest money deposit formula in Virginia?" this Vienna home buyer studiously asked. This really isn't an uncommon question because most buyers are reading websites written by mortgage lenders, Continue Reading
Knowing the Real Estate Market
People are always surprised when they ask me about a house, and I tell them that I have already been inside. Realistically, I can't see every new listing in Fairfax County without making that my full-time job. But, I do make an effort to see as many as possible especially when a home is interesting to me or to one of my clients. That market Continue Reading
The Home Inspection after July 1, 2017
Scheduling a home inspection in Virginia may be a little more difficult after July 1, 2017 when a new licensing law for home inspectors goes into effect. The immediate impact will be a reduction in the home inspector population... yes, fewer home inspectors! Every July new laws go into effect in Virginia, and this year the real estate Continue Reading
Surfing the Escalation Clause | Real Estate Tip
Bushy, bushy blonde hairdos... surfin' U.S.A - The Beach Boys Escalation clauses can come in like waves... hot one month then totally flat the next. Understanding the Escalation Addendum in a competitive real estate market like ours in Vienna typically happens when buyers find out there is another offer already on the table. The goal is to Continue Reading
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