In 2013, I took a virtual tour out Rt 66 and showed what $500,000 will get you in Arlington, Gainesville and points in between. So 3 years later, what has changed? The original 2013 info is in black and the 2016 info in red. —————————————————————– Buckle up and let’s take a ride west on Rt […]
I have been helping buyers and sellers in Northern Virginia for over 25 years. During that time, I have seen many crazy twists and turns in real estate transactions. Still, I have not seen everything. There is always some new angle that I have not encountered but most “surprises” I see coming and make sure […]
Buckle up and let’s take a ride west on Rt 66 starting in Arlington and ending up in Gainesville with stops in Vienna, Fairfax and Centreville along the way. A $500,000 purchase surely is different in each market. This little exercise demonstrates the dilemma most buyers have regardless of price point. Is it better to […]
Rising interest rates have slowed the market just a bit but there is still a shortage of homes for sale (June 2013 inventory in Northern Virginia was 15% less than a year ago). With an abundance of buyers still in the market, multiple offers are commonplace. So how does a buyer compete? Yes, the […]
It’s a jungle out there as anyone looking for a home will tell you. With limited inventory and scores of buyers, multiple contract scenarios are common place. Escalation clauses, appraisal waivers and more more are being included in contracts. How does one increase the odds of a successful bid? Well, the simple answer is […]
Well, not really. Anybody familiar with the Town of Vienna knows that the last place to speed would be our streets. I think there are more radar guns per capita in Vienna than any other local jurisdiction. There may not be much crime here but there sure are plenty of traffic tickets. I probably should […]
I must admit, I am a bit of a stat nut. I have detailed sales and inventory data for the Northern Virginia market for the last 15 years and additional sales data going back to 1975. (Using baseball parlance, I might border on being called a seamhead) Don’t worry, it is safe to read on. My blogs will never get too deep into a statistical interpretation of the market. I will leave that to others. Under the Market Stats tab above are several good resources for those interested in viewing a stunning array of charts and graphs. Here we will just review very simple data that can help a buyer or seller in deciding what time of year may be best to act.