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Reduced Tax Assessment: Good or Bad?
Some home owners are finding themselves in the awkward position of wondering whether they should appeal a tax assessment because it came in too low. Many communities are reassessing in light of declining values and the amount of the reduction can be a shock to home owners who fear that it reflects an equal decline... Continue reading→
Pending Home Sales Drop as Expected
Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract, according to the NATIONAL ASSOCIATION OF REALTORS®. The Pending Home Sales Index, a forward-looking indicator, dropped 30.0 percent to 77.6 based on contracts signed in May from... Continue reading→
Renting Can Be a Good Option for Sellers
Home owners who have been trying to sell their properties for a year or more might consider lease or a rent-to-own option. A lease option agreement gives the tenant the option to buy at a predetermined price for a rent that is slightly higher than market. In a lease purchase, a buyer commits to buying... Continue reading→
Median Price in Falls Church rebounds!
Earlier this spring affluent Falls Church Virginia still showed signs of difficulty in the real estate market. After posting continued gains in the median price of homes, the prices declined for three straight months. But that sharp decline was followed by a bounce that is back at the levels seen late last year. Homes recently... Continue reading→
1 BR price per square foot in Arlington remains steady.
Over the last year the average price per square foot of a 1 BR condo in Arlington VA has remain steady, with no statistically important increase or decline. Interestingly, but for a bump last Fall, the price per square foot of a 1 BR close mirrors the overall market. Recently listed condos for sale in... Continue reading→
Bountiful apples and history in Blue Ridge.
Named after the Blue Ridge Mountains and just above Piedmont, Blue Ridge is a part of the Appalachians. Many tourists patronize Shenandoah National Park and Skyline Drive in Blue Ridge. “Memories of a Lewis Mountain Man” portrays how unique culture and life was for “hill-billies” or mountain people in Blue Ridge before Shenandoah Park. Even... Continue reading→
Housing Expert: ‘The Suburban Century Is Over’
At a recent meeting of the Urban Land Institute of Minnesota, Senior Fellow John McIlwain said "a new normal" will be created in the housing market over the next 10 years, and he marked the end of "the suburban century." He noted that markets offering "a vibrant 24/7 lifestyle" will see the most robust activity,... Continue reading→
What Schools Have the Highest Ratings in Northern VA?
Based on several local surveys and performance reviews, here are the schools in Northern Virginia that have been recognized as the cream of the crop when it comes to quality education: ELEMENTARY SCHOOLS According to a Washington Post article, the following are the Top 5 elementary schools in Northern Virginia: McKinley Elementary School Vision: "The... Continue reading→
Secrets of Sustainable Staging
With more home buyers interested in eco-friendly features, property stagers are placing more emphasis on the overall performance of green dwellings. To give their listings a competitive edge, they can perform an energy audit and indicate the changes and upgrades made as a result to boost energy efficiency. They also should provide a checklist detailing... Continue reading→
Barcroft Park
Barcroft Park is 65 acres of highly-maintained family oriented recreational facilities. Barcroft supports a variety of sports and family activities. Barcroft is the home for several baseball leagues as there are 5 baseball diamonds with bleachers here. Four of these fields are for youth; one is for one adults. There is a batting cage to... Continue reading→