Just another closed listing! Welcome to Home Chronicles, where I showcase the recent properties closed, pending, coming soon, and active listings in the Northern Virginia, by yours truly. This time, we'll take a look at one of the townhouse we recently closed on Discovery Square in Herndon, VA.CLOSED: 3079 Alan Shepard St, Herndon, VANestled in a prime location and surrounded by convenience, this luxurious 4-level townhome is the epitome of elegance and style. One of the standout features of this home is the exquisite wood flooring that graces all four levels. The moment you walk through the door, you'll feel the warm embrace of this inviting space, making you feel right at home.Home DetailsThe main level is a versatile haven, offering a mudroom for easy storage and organization. Additi... 08/03/2023

You already know that lenders review your finances when you apply for a mortgage. That’s why you submit the loan application, providing a complete picture of your financial situation. This allows the lender to assess the risk of the loan, making sure that you can reliably make the monthly mortgage payments.It gets a little more complicated when you dig into all the things your lender has to review, many of them required based on the type of loan program you’re using to finance your home.One calculation that pops up in many loan programs’ requirements is a threshold for the loan-to-value (LTV) ratio. We will explain what the LTV ratio measures, why it’s important, and how it can impact your loan and monthly payments. to-value ratio is an assessment of how much money you’re borrowing comp... 06/13/2023

It is my experience that people are often ready to sell their home when they are sick and tired of taking care of it. The endless maintenance and upkeep is usually what pushes them to contact me and begin the process of getting their home on the market.Given how often I see this scenario, I though it might be helpful to provide some tips for you to consider BEFORE you get to this point. Clean out. Clean out. Clean out. The more space you have, the more stuff you will accumulate. Start the process of getting rid of the things that you no longer use or, in the words of Marie Kondo, which no longer bring you joy. Clean out often. Pick a space weekly (or monthly) and spend a little time cleaning it out. Schedule regular donation pickups so that you know it will leave the house shortly. Join... 05/18/2023

This week's midweek market report is here, with a focus on the Northern Virginia housing market encompassing Fairfax, Loudon, and Prince William counties. Instead of reiterating the low inventory and hot market situation, we'll discuss the key differences observed between the 2022 and 2023 housing markets.Interest Rates: In 2022, we experienced historic low interest rates below 4%. Although 2023 began on a higher note, interest rates have come down to around 6.5-7% depending on factors like down payment, credit scores, and other variables.Buyer Pool: The 2022 market had a large pool of buyers, including renters transitioning to homeowners, first-time buyers, downsizing homeowners, and investors. However, 2023 has seen a significant reduction in the buyer pool due to high interest rates ... 04/26/2023

Looking for your dream home? You need not look any further than 13109 Bradley Farm Dr in Herndon, VA! This exquisite single-family home is presently on the market, and you don't want to miss the chance to view it in person.The house has undergone meticulous updates that cover everything from HVAC to flooring, guaranteeing that you'll move into a completely move-in-ready space. You'll adore the home's sun-filled layout, which features a living and dining room combination, a cozy family room with a fireplace, and a remodeled kitchen that's a chef's dream come true. With granite countertops, stainless steel appliances, and a breakfast room with a bay window, this area is the ideal spot to whip up a meal or host guests.The upper level of the home is equally stunning, with a magnificent prim... 04/10/2023

As you begin your homebuying journey, your first concern is probably, “How am I going to finance my house?”If you’ve missed a couple of credit card payments and your credit score is still recovering, or you once filed for bankruptcy, there are still loan options that will allow you to achieve your goal of homeownership.While your credit history does impact which loan programs, you’ll be likely to qualify for, past issues on your credit report don’t necessarily mean that you won’t be able to qualify for a loan.I will help you assess your personal financial situation and find the best loan option for you. One of those options might be a non-conforming loan.We will dive into learning what a non-conforming loan is, how they work, and whether one may be the best fit for you. What is a Non-Co... 02/23/2023

The very first step in buying a home is making the decision that you’re ready to buy.  The next step after that is determining how much you can afford and what your financing options are.Getting pre-approved by a lender will help you accomplish both of those. It will also help set you apart from other potential buyers, showing a seller that you’re serious about buying and have the ability to get approved for a loan on the home.Now that you know you need to get pre-approved, you’re probably still left with some questions. What does pre-approval entail? How long does the process take? We will explain all the basics of getting pre-approved for a mortgage below. What Does Mortgage Pre-Approval Mean?You could guess that mortgage pre-approval means just that – you are pre-approved for a home ... 01/24/2023

Attention all buyers and sellers in Northern Virginia! Are you in the market for a luxury single-family home? Look no further! Christopher Companies has just announced the much-anticipated release of their new luxury single family homes located just across from Frying Pan Farm Park and in close proximity to the Silver Line Metro.These homes offer a variety of floorplans, ranging from 3400 sq ft to 6200 sq ft, providing options for families of all sizes. While the price ranges have not been officially released, as an almost 2 decades local Fairfax county real estate Realtor  I can guesstimate they will likely start at $1.5 million and above.In addition to the luxurious amenities and convenient location, these homes are also in close proximity to top-rated Fairfax school district  Floris ... 01/12/2023

Studies show that it takes a buyer the first eight seconds upon entering the home to make a decision whether to buy the said home or not. First impression matters in the shift of the market. In this buyer-driven market, this means sellers would have to make an effort designing and decluttering the home one of the top priorities among other things.Finding the right agent who understands the local market and pricing the home right from day one are very important, too. These will give them the reason to view the home in the first place. Aside from that, the shorter daylight makes things a bit darker than usual, so make sure that the home is warm and lighted. With that said, being more flexible with the showing is important, too - you're on a timer for each day, so make sure to be at the ri... 12/06/2022

When you're applying for a mortgage, you want to find the lender that will give you the best deal. 🕵️‍ But how do you know what that is? Check out our article that breaks down the difference between APR and interest rates to help you make the most informed decision! To get to a proper comparison, you have to compare apples to apples and oranges to oranges, as the adage goes. So, to help you in that endeavor, we’re setting out to tackle the difference between APR and interest rate.What is an Interest Rate?The interest rate on your loan is the annual cost you’re paying to borrow money from your lender, shown as a percentage. It’s important to note that the interest rate doesn’t reflect any other fees, charges, or costs associated with your loan. What is APR?APR stands for annual percentag... 11/29/2022

JUST LISTED!📍Fairfax, VA🛏️ 3🚿 2/22,070 Sq. Ft.✔️ Remodeled kitchen✔️ Oversized bedrooms✔️ Walk out patio✔️ Large open recreation room✔️ Ample of storage space✔️ Convenient locationContact:📞 (703) 625-4949🌐 www.ritudesai.comFB: @ritudesai.realtorIG: @ritu_desai_realtorYouTube: www.youtube.com/c/RituDesai#newlisting #northernvirginia #forrent #leaselisting #ritudesai #samsonproperties #fairfaxva 11/11/2022

If the score you received from different sites looks different from the one you are used to seeing, this may be normal. We recommend you check the following: Score model: There are many scoring models, and they may weigh certain information in your reports more heavily than other factors. For example, one scoring model may put more emphasis on total credit usage than others. Because there are varied scoring models, you'll likely have different scores from different providers. Credit report: A credit score is calculated using information from a particular credit report. Each of the nationwide credit reporting agencies (TransUnion, Experian and Equifax) collects similar information, but lenders can choose to report to one, two or all three agencies. Because of this, the information in you... 11/01/2022

Inflation has been in the news and on the minds of just about everyone throughout the past year. Now there’s a new concern emerging – the possibility of a recession.For some, the term recession evokes concern. You may be questioning what this will mean for your finances and for the economy as a whole. For others, this might be your first time living through the possibility of a recession and you may not know what to expect.First, it’s important to understand exactly what a recession is and how it’s measured. With that perspective, we will also cover how it typically affects mortgage interest rates, and what it means for the overall housing market.What is an Economic Recession?Economists evaluate many parts of the economy when assessing whether or not we’re officially in a recession. The... 10/27/2022

Real estate agents are an essential part of the home buying process. They know your local area, they have connections that can win you the house you love, and their negotiation skills will help you stay within your budget. Use these tips to help you choose an agent who will be your real estate superhero.There are many reasons why you should buy your home with a real estate agent. They know the ins and outs of the industry and your local market, they have connections that can win you the house you love, and their keen negotiation skills can help you stay in line with your budget.Although you may already be sold on the benefits real estate agents can bring to your home purchase, you might not know exactly where to start looking for one, much less what qualities you should be looking for.W... 10/25/2022

If you're looking for a home that has a huge space, updated appliances, great community, and a very convenient location, then this home is for you.This home at 13700 Barksdale Dr, Herndon, VA 20171 is now open for rent and is in a prime location, in the center of all the nearest convenient places Northern Virginia has to offer.The main level offers a gleaming hardwood flooring with a living and dining room combo, renovated kitchen with updated appliances, sunroom, breakfast room, and a deck with great views.The upper level has a primary suite with a private bath and a walk-in closet, along with two secondary bedrooms and a full bath.Great flexible space awaits at the lower level with its huge recreation room, an extra bedroom/office space that you can utilize especially in these times, ... 10/21/2022

Your appraisal coming back lower than your offer does not mean that it is time to press the panic button. With some creative solutions from your loan officer, you should still be able to get the deal done. Appraisals are an important part of the mortgage process, mainly because they ensure that you’re paying a fair price for your new home as a buyer. Appraisals also act as a safeguard for all parties involved, from the seller to your mortgage lender.If it’s your first time buying a home, you might wonder how exactly appraisals can help protect you and your new investment in real estate. Beyond that, in a market with home values on the rise, there’s the possibility that your appraisal may come in low, leaving you to figure out your next steps.We will cover how appraisals work, why you ha... 10/20/2022

Why are “Credit Karma scores” so different than the scores you pull as a lender? Credit Karma uses Vantage scores and Lenders use FICO scores. Bottom line, they calculate the scores differently. Major Differences are Late payments over 2 years (not scored in Vantage), Medical collections (not scored in vantage), Collections under $100 (not scored in vantage ) Debt utilization is about 50% of the vantage credit score it is about 30% of the FICO credit score.Credit Karma is mainly used by credit card companies, it gives you a free credit score and credit report in exchange for information about your spending habits. It then charges companies to serve you targeted advertisements.  The scores and credit report information on Credit Karma come from TransUnion and Equifax, two of the three ma... 09/23/2022

One of the ways to "reduce" cost in buying a home is to waive contingencies. But does it really save you money, or actually cost you more in the long run? Here's the truth about waiving contingencies in the home buying process that you should know.Need recommendations when it comes to inspections and repairs? Let's talk - DM me and I'll make sure you're in the right hands! 09/22/2022

Prepare to be amazed at how much like a detached home this well-appointed end-unit townhouse feels!As you enter, note the two-story family room with fantastic light and a fireplace for cozy nights in front of the fire.  Access the deck from the family room, too, for great flow. The spacious dining area has room for a full-sized table. Brand new hardwood flooring in the main living area is gorgeous!The kitchen is fully updated with soft close white cabinetry, granite counters, stainless appliances and a gas range. The tile floors provide a visual interest to the space and custom blinds provide privacy. There is tons of storage in this kitchen, room for a table, 2 skylights and access to the lovely deck.The primary bedroom is also located on the main level—almost unheard of in a townhome!... 09/09/2022

Looking for a place to move in to Northern Virginia? This just might be the home for you -- in the heart of NoVA lies the beautiful suburb of Herndon , where this one-of-a-kind home awaits.With 4 bedrooms, 3 baths, 2 half baths, 2,612 square feet of living space, and 2 car garages, this is such a steal! An open floor plan layout with designer finishes welcomes you all throughout, with wood flooring in all four levels.Main level offers: mudroom, bedroom/recreation room with recessed lights comes with a full bath for your comfort.  The first upper level has a family room, a dining room space along with a convenient powder room, and a contemporary gourmet kitchen including white shaker style cabinets, quartz countertops, backsplash, and all upgraded appliances.The second upper level offers... 08/23/2022