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Alexandria, VA Real Estate News

By Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News
(Integrity Real Estate Group)
The following sales for March 1 to March 31 were compiled from the MRIS.  Sales continue to be brisk in all of Fairlington.  Currently for April there are 25 active units for sale and another 30 units under contract.  MLS Number Original List Final List Sales Price Subsidy AR6308720   $259,000 $249,000   AX6246830   $389,000 $360,000   AR6316216   $379,900 $377,500 $5,000 AX6222687 $425,000 $399,900 $391,500   AR6304733   $399,000 $392,500   AX6276827   $399,900 $399,000 $11,500 AR6251889 $412,900 $407,900 $400,000 $2,000 AR6309288   $409,900 $400,000   AR6291979 $425,000 $410,000 $405,000   AR6247097 $429,000 $419,500 $410,000   AR6322347   $419,900 $419,900 $4,800 AR6296247   $419,900 $419,900   AR6316172   $450,000 $427,000   AX6293545 $479,900 $455,000 $442,500 $7,905 AR6321448   $4...
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By Shawn Harris
(EXiT Metro Realty)
Almost everyone dreams of a new home at one time or another. Some people make a regular habit of touring model homes in new home communities. Builders always have a very helpful sales staff. They prefer it if you don't bring your agent. Why is that? Did you know that when you purchase a new home, the builder generally doesn't use the regional sales contract forms real estate agents use?  They don't tell you that if you don't have an agent, you don't have anyone representing YOU. You see, the builder is representing himself. He or she has had their attorneys draw up their contracts that are favoring the builder and their interests. You are an UNREPRESENTED buyer.A lot of times, buyers think they will get a reduced new home price if they don't have their buyers agent with them. Not so. Ge...
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By Shawn Harris
(EXiT Metro Realty)
I have been in the real estate industry in some way or another my entire adult life. I have weathered many ups and downs. In fact, my career started during the time Jimmy Carter was President. We had run-away interest rate of 18% or more. It made our heads spin! Rates would go up a full percentage point within 24 hours and the buyers you had qualified to purchase couldn't buy a house.No matter what the market is...up, down, slow, crazy..the very coolest thing about it is helping people achieve their dream of home ownership. Even now, I still get a thrill sitting at a settlement table watching my first time buyers purchase their first home. It is always a very exciting time! I've been around so long that some of my buyers are the children of my earliest clients.I enjoy negotiating a cont...
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By Shawn Harris
(EXiT Metro Realty)
The word agency is heard all through-out a real estate transaction. Who is representing whom is key. Is your agent truly representing you? Are they representing the seller? What happens if you purchase a house through the listing agent? Who are THEY representing? Can they REALLY represent both the seller and the buyer?In Virginia you have listing agents who have agency with their sellers. You have buyers agents who have agency with their buyers. You have listing agents who can write a contract for sale on their listing and still represent the seller and have NO buyer agency. And you can have listing agents who write a sales contract on their listing who perform dual agency-they represent BOTH the buyer and the seller.There is also designated agency in Virginia. A buyers agent can write ...
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