Alexandria, VA Real Estate News

By Tamara Inzunza, Close-In Alexandria and Arlington Living
(Realty One Group Capital)
One of the things that made DC Metropolitan area such a breeding ground for predatory lending was the fact that there was such a shortage of housing, that buyers were willing to do anything to 'Get That House' that came on the market.  Strategies such as waiving home inspections, and waiving appraisals were the norm.Also, buyers accepted exotic loans as an alternative because it seemed like if you didn't go that route, you simply would not own a home.  Buyers were enticed by 'teaser' rates.  Teaser rates are low introductory interest rates that are fixed for a short period of time, usually 1-6 months.  After the initial period, the interest rate could adjust monthly, and many loans offered buyers the option of paying a certain portion of the required payment, and tacking on the differen...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Alexandria Virginia is a smart place to live! With rising gas prices, traffic gridlock, longer work days, and increased energy cost people are reevaluating lifestyles that are not making sense. Alexandria with quick access to Washington DC, WMATA rail stations, proximity to Ronald Regan Airport, the beltway, and Maryland…Alexandria Virginia is being looked at in a whole new light! Not only is it a smart and practical place to live, it is a smart place to live. Alexandria VA is ideally located in Fairfax county northern Virginia just inside the Beltway on the west bank of the Potomac river across from Washington D.C. Alexandria VA is just six miles south of our nations capitol. Washington DC is located across the Potomac River and is easily accessed via WAMATA, I-395 or Route1. For that...
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By Gregory Maley, REALTOR, GRI, CBR, SHS, e-PRO, ABR
(Sold Buy the Sea Realty & R.E.N.T.)
There is currently only 1 single family homes for sale in Alexandria, Virginia that features an in-ground Swimming Pool, with a list price of $999,000. There is additionally 1 Pool Home currently under contract, with a list price of $2,395,000. In March, 0 Pool Homes were Sold for an average sales price of $0. They were on the market for an average of 0 days.Tune in next Friday for updated statistics. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Gregory's Monthly Real Estate Newsletter: Newsletter.GregoryMaley.INFOStay Up-To-Date on Real Estate News & Advice: DailyNews.GregoryMaley.INFOChat with Gregory Online     (AOL, Yahoo, MSN, Google Instant Messengers):  RealtorGregory* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *...
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By Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News
(Integrity Real Estate Group)
Parkfairfax was a community original started as a need for housing close to the Federal Government, Pentagon and DC in 1941.  The homes were originally constructed as apartments by the same construction company that built the Empire State Building.  Go figure! In 1968 the buildings were sold to a new development company (200+ acre land was retained) and were remodeled with the new kitchens and in the wall AC units.  From the late 1960's through the mid-1970's Park Fairfax was forgotten by the property owners and attempts to tear down the buildings are replace them with high rise apartments were unsuccessful. Then in 1977 IDI purchased the land for over 24 million dollars and began the conversion of apartments to from  of the centralized systems to individualelectric meters and other "mo...
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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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