The old days of traditional home inspections have not changed...though most of the sellers (banks) these days are not willing to fix, repair or credit you for anything found broke or in need of repair during the inspection.
2 reasons why....
Reason 1. On short sale listings the home owners are in a bind and are trying to receive a reasonable offer and turn it over to the bank for a possible shorting of the amount owed on their principle loan amount. Most northern virginia homeowners are not in a financial position to make repairs to the home they are already losing out on. The home is being sold "as is" which is reflected in the asking price. If the house doesn't sell then it will head right into foreclosure.
Reason 2. Bank owned properties are priced to sell based on comps and property condition right off the bat. The bank just wants to get the home off their books and often set the listing price rather low and hope to receive multiple offers igniting a bidding war. Your welcome to complete a home inspection for "informational purposes only" but don't expect to get a credit for repairs!
Sent on the Now Network� from my Sprint® BlackBerry
Wednesday, March 11, 2009
Dulles Metro Rail...Is It Really Coming?
Yesterday's news is definitely promising and plans are set for GO! Wow, we are actually going to make progress with getting this project off the ground (no pun intended) and get this rail headed west into Loudoun County....
The project is expected to be built in two phases. The first phase will extend Metro from the Orange Line between East / West Falls Church stations to Wiehle Avenue and includes four stations in Tysons Corner. The expected completion date for Phase 1 is July 31, 2013. Phase 2 would extend Metro through Reston and Herndon to Dulles Airport and Route 772 in Loudoun County.
What is this going to mean for the future market prices for Fairfax real estate and Loudoun County real estate? Well, we are six years away from even getting the rail where it needs to be so the economy is going to have to correct itself over the next 3-4 years, housing should already be stablized in the next 2 years and as the dust settles from construction jobs opportuities should be on the rise. I believe we will see a solid and consistent flow of home buyers relocating from urban areas and heading west into Loudoun County that will allow for people to purchase larger homes and gain more space and acrage compared to the concrete jungles of Arlington.
The home buying demand is definitely going to come to areas like Reston, Herndon, Sterling, Dulles and like wildfire into Ashburn, then trickle it's way into Leesburg where the biggest bargain and home sale steals are going on right now....(hint) The question is going to be, what is the supply going to be like? The will depend on what happens with all these Northern VA Short Sales as well as Pres. Obama's loan modification tactics for struggling home owners. One thing is for sure...., the $900 million dollors in federal funds is money WELL SPENT! and those who look towards home ownership today will prosper tomorrow...
The project is expected to be built in two phases. The first phase will extend Metro from the Orange Line between East / West Falls Church stations to Wiehle Avenue and includes four stations in Tysons Corner. The expected completion date for Phase 1 is July 31, 2013. Phase 2 would extend Metro through Reston and Herndon to Dulles Airport and Route 772 in Loudoun County.
What is this going to mean for the future market prices for Fairfax real estate and Loudoun County real estate? Well, we are six years away from even getting the rail where it needs to be so the economy is going to have to correct itself over the next 3-4 years, housing should already be stablized in the next 2 years and as the dust settles from construction jobs opportuities should be on the rise. I believe we will see a solid and consistent flow of home buyers relocating from urban areas and heading west into Loudoun County that will allow for people to purchase larger homes and gain more space and acrage compared to the concrete jungles of Arlington.
The home buying demand is definitely going to come to areas like Reston, Herndon, Sterling, Dulles and like wildfire into Ashburn, then trickle it's way into Leesburg where the biggest bargain and home sale steals are going on right now....(hint) The question is going to be, what is the supply going to be like? The will depend on what happens with all these Northern VA Short Sales as well as Pres. Obama's loan modification tactics for struggling home owners. One thing is for sure...., the $900 million dollors in federal funds is money WELL SPENT! and those who look towards home ownership today will prosper tomorrow...
"We in Virginia are fortunate to have Dulles . . . to connect us to the world," Kaine said. "But Dulles can only work and the region can only work if there are transportation options that enable it to be all that it can be. Those options have to include a vigorous road network, but also a very vigorous public transportation network."
The expansion of that network toward the airport will begin in earnest in the next week or two. The Silver Line will extend 23 miles from the East Falls Church Metro station to the airport and will terminate in Ashburn. The tracks will branch off the Orange Line, follow the median of the Dulles Connector Road, trundle through Tysons Corner and then settle into the median of the Dulles Access Road for the bulk of the westward journey.
Monday, July 14, 2008
Finding All the Property Listing Details
Searching for homes online can fun and informative but often downright confusing. Where do you start, what websites are updated daily, what agents are updating their listings and how do you find out additional information that is not listed on a public website? Some of the best places to start your search are big named search engines like Google, Yahoo and MSN.
For this example let's use Google... When you type in "reston homes for sale" Google will search the internet to find the most relevant websites that display homes for sale in Reston, VA within the "organic search results" (as opposed to the paid advertisements up top and to the right of the page on Google). Among the top of the organic search results you will find Homes.com which you would think would have the most accurate listings available considering it's name. When you click on their link on Google it will send you to their page where they display "Featured Listing". Many of the "Featured" homes have been manually added by paying real estate agents to get maximum exposure for their listings, but many of them have either sold or had been taken off the market and are not currently for sale. These are just lead producing avenues that many agents put into place to gain buyer requests from the internet that do nothing but irritate a serious home seeker.
Another way to find listings through Google by using the search phrase "reston homes for sale" is by clicking on the links to the far right hand side of the search results. These are paid advertisement that many agents use and can pay anywhere from .20 to $20 per click. You will find the bigger named companies up top and the smaller agents last in the list of paid advertisers. Many of these ads are not relevant to your search for "reston homes for sale" and often you will end up lost in cyber space or reading their website which describes how many homes they sold in the 20 years they have been in real estate and their favorite foods. What most home seekers are looking for are active listings, addtional info and nothing more!!!
What people deserve these days are real time, accurate and updated information about property listings direct from the local MLS database. Cutting edge technology like I use on www.JasonDemers.com only displays the most accurate and timely information available today and not one old or inactive listing. You won't find any information that is not real estate related and our team of agents are all full time professionals. All inquires we receive are handled immediately, thanks to the large investment we have made into our technology during the past three years.
With all the technology we have at our disposal these days home buyers are expecting quick responses to their housing needs and continued follow up from an agent who can help. If the information your looking for is not publicly displayed (due to local MLS regulations), just send me an inquiry and you'll receive a Full MLS Consumer Listing email which will give you the most updated and detailed information on any home including local homes that have sold or may be new to the market including many foreclosure steals. You can search for accurate listings at any time by visiting my site at www.JasonDemers.com or send me an email and we'll do the search for you.
For this example let's use Google... When you type in "reston homes for sale" Google will search the internet to find the most relevant websites that display homes for sale in Reston, VA within the "organic search results" (as opposed to the paid advertisements up top and to the right of the page on Google). Among the top of the organic search results you will find Homes.com which you would think would have the most accurate listings available considering it's name. When you click on their link on Google it will send you to their page where they display "Featured Listing". Many of the "Featured" homes have been manually added by paying real estate agents to get maximum exposure for their listings, but many of them have either sold or had been taken off the market and are not currently for sale. These are just lead producing avenues that many agents put into place to gain buyer requests from the internet that do nothing but irritate a serious home seeker.
Another way to find listings through Google by using the search phrase "reston homes for sale" is by clicking on the links to the far right hand side of the search results. These are paid advertisement that many agents use and can pay anywhere from .20 to $20 per click. You will find the bigger named companies up top and the smaller agents last in the list of paid advertisers. Many of these ads are not relevant to your search for "reston homes for sale" and often you will end up lost in cyber space or reading their website which describes how many homes they sold in the 20 years they have been in real estate and their favorite foods. What most home seekers are looking for are active listings, addtional info and nothing more!!!
What people deserve these days are real time, accurate and updated information about property listings direct from the local MLS database. Cutting edge technology like I use on www.JasonDemers.com only displays the most accurate and timely information available today and not one old or inactive listing. You won't find any information that is not real estate related and our team of agents are all full time professionals. All inquires we receive are handled immediately, thanks to the large investment we have made into our technology during the past three years.
With all the technology we have at our disposal these days home buyers are expecting quick responses to their housing needs and continued follow up from an agent who can help. If the information your looking for is not publicly displayed (due to local MLS regulations), just send me an inquiry and you'll receive a Full MLS Consumer Listing email which will give you the most updated and detailed information on any home including local homes that have sold or may be new to the market including many foreclosure steals. You can search for accurate listings at any time by visiting my site at www.JasonDemers.com or send me an email and we'll do the search for you.
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