Market Conditions in 22312 : Advice

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Lisa Frensley, Real Estate Pro in Fredericksburg, VA
Lisa Frensley answered:
What does the Trulia estimate indicate when hovering over sold homes? Is that the current estimated price? Some have lower estimates then sales price.
Hi John,

It's the last recorded sales amount. If you go into your search settings, you can turn "include estimate" off to pull up only the active for sale listings.

Are you acti ... more
0 votes Share Flag Wed Dec 4, 2013 Market Conditions in Old Town
Team Maison, Real Estate Pro in Alexandria, VA
Team Maison answered:
What does the (Trulia Estimate) mean when clicking on properties? Is that your estimate of what the house is worth now? Why are some lower?
Dear John:

AVM (Automatic Valuation Methodes) use different algorithms to arrive at an average price. The asking price may depend on when the sellers purchased the property (did the ... more
0 votes Share Flag Wed Dec 4, 2013 Market Conditions in Old Town
The Gillette…, Real Estate Pro in 22315
The Gillette Team answered:
how to change errors?
Not sure exactly what you are asking? Could you be more specific?
0 votes Share Flag Thu Oct 11, 2012 Market Conditions in Alexandria West
Team Maison, Real Estate Pro in Alexandria, VA
Team Maison answered:
What is the outlook for values in Potomic Yard (particularly near the future Potomic Yard Metro Station) over the next 1/3/5/10 years?
Dear HD:

As you know everyone has an opinion (right, wrong, etc.). Considering the history of Potomac Yards formerly operated by the RF&P railroad and all the contaminated soil ... more
0 votes Share Flag Thu Jul 19, 2012 Market Conditions in Potomac Yard / Potomac Greens
Susan Haught…, Real Estate Pro in Alexandria, VA
Susan Haughton answered:
How far from the metro?
To which particular property are you referring?
0 votes Share Flag Sun Apr 8, 2012 Market Conditions in Alexandria
Cindy Jones, Real Estate Pro in Alexandria, VA
Cindy Jones answered:
Is it a good time to develop townhouse condos in Old Town? Is the market strong enough to develop and sell w/in the next 12 months?
Eric,

I would expect your market research would look at the current townhouse condo inventory and the market absorption rate. Price point in Old Town will be a major factor as well. ... more
0 votes Share Flag Fri Mar 18, 2011 Market Conditions in 22314
Voices Member,  in
Voices Member answered:
Is there any good hard money borrowers who could be recommanded?
I dont know of any in your area, but If I find any, ill write back to you.
0 votes Share Flag Tue Dec 21, 2010 Market Conditions in 22303
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
trying to have loan for investment property /buy, repair and sell it back/. Dont have full knowledge about it. Can you guys advise about it?
Before considering such a scenario, inform yourself well--for any tax issues, do consult with an your tax professional, and or tax attorney--he/she can best advise as it relates to your ... more
0 votes Share Flag Mon Dec 20, 2010 Market Conditions in 22303
Joan Stansfi…, Real Estate Pro in McLean, VA
Joan Stansfield answered:
What are reasonable closing costs on property valued at about $300,000? Specifically the property listed at 7702 Haynes Point Way, #2006, Alexandria V
Hi Scottie,

Closing costs are typically 2-3% of the sales price. And currently, there are many programs available to buyers that cover closing costs and/or allow the seller to pay m ... more
0 votes Share Flag Tue Apr 20, 2010 Market Conditions in Alexandria
Breshkie Gar…, Real Estate Pro in Alexandria, VA
Breshkie Gardizi answered:
I am currently renting in Old Town for 3500 per month for a home valued at 1,200,000. Should I consider making a purchase at this time if I can only?
Sure, there are wonderful homes in Old Town in that price range. Please let me know if you would like to receiving listings for the area.

Thanks,

Breshkie Gardizi
Fairfax Realty ... more
0 votes Share Flag Mon Dec 6, 2010 Market Conditions in Old Town
Nicky Mcdonn…, Real Estate Pro in 22314
Nicky Mcdonnell answered:
Is the Alexandria Real Estate Assessment a good indicator of market value when deciding how much to list a home?
Dear Alexandria Buyer and Seller,
No, the assessment does not really give a good indication of market value. You really need to look at the comparables and many other things before de ... more
0 votes Share Flag Thu Oct 8, 2009 Market Conditions in Alexandria
Patricia Har…, Real Estate Pro in 22301
Patricia Harris answered:
My husband and I are seriously looking at a charming house in the Brookville area of Alexandria. Any firsthand insights would be appreciated.?
Hello
Over 50% of the Brookville area houses in Alexandria are between 450,000 to 700,000, about 28% are between 230,000 and 450,000.James Polk is the area elementary school.
Is there ... more
0 votes Share Flag Thu Jun 3, 2010 Market Conditions in 22304
The Mulhern…, Real Estate Pro in Fairfax County, VA
The Mulhern Home Team answered:
Sir, Do you have a short sale market trend data for area code 22303 - Interested in town homes?
Short sales are popping up everywhere - and those who qualify for them are finding success. Are you in need of selling or are you looking to buy one? If you are looking to sell, then ... more
0 votes Share Flag Sun Jul 5, 2009 Market Conditions in 22303
Nicky Mcdonn…, Real Estate Pro in 22314
Nicky Mcdonnell answered:
Is there any recourse for an appraisal that has incorrect information?
Hi Smitty - appraisals are tough right now all the way around. Unfortunately your only real recourse is to get another appraisal. You can request that the bank refund a portion of the ... more
0 votes Share Flag Fri May 1, 2009 Market Conditions in Alexandria
AJ Heidmann, Real Estate Pro in Arlington, VA
AJ Heidmann answered:
How will a new president and administration effect the real estate market in the Washington DC area overall?
I personally don't expect a huge pop in the NoVA market due to a change in administration, other some higher end, boutique listings that upper level admin. positions may take. Those ar ... more
0 votes Share Flag Wed Nov 5, 2008 Market Conditions in Alexandria, VA
Joshua Stear…, Real Estate Pro in Arlington, TX
Joshua Stearns answered:
With the increase in troops at Fort Belvoir expected to be 20,000, will Alexandria see an increase in home
This is but one factor that will influence future home prices in Alexandria and the other communities near Ft Belvoir. However, it stands to reason that yes, this significant increase i ... more
0 votes Share Flag Sat May 10, 2008 Market Conditions in 22315
Voices Member,  in
Voices Member answered:
Should I sell NOW?
I think you should stick it out as long as you can. If you put it on the market now you may lose money.
0 votes Share Flag Sun Jul 3, 2011 Market Conditions in Alexandria
Bridget Lasz…, Real Estate Pro in Greensboro, NC
Bridget Laszlo answered:
When will house prices start to appreciate again?
It's hard to say what your exact market is doing since I am in NC, but overall if you are not moving anytime soon I think it's fairly safe to say you will not lose your shirt. Houses a ... more
0 votes Share Flag Fri Feb 3, 2012 Market Conditions in Alexandria
Danilo Bogda…, Real Estate Pro in Reston, VA
Danilo Bogdanovic answered:
I bought a 1BR condo towards the end of 2007 in the West End/Landmark area of Alexandria, VA. Paid just
You may lose a few percent of value this year, but the market looks like it'll just go sideways beginning early next year and continuing for the next 3 to 5 years or so (just like it di ... more
0 votes Share Flag Mon Nov 3, 2008 Market Conditions in Landmark - Van Dorn, Alexandria, VA
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
How is the market for 4 bed, 3 1/2 bath remodeled homes?
Karlin
Your question is probably best directed to a Realtor in your area. Are you thinking of selling?

Then I would suggest you ask a couple of Realtors to come over and see your ho ... more
0 votes Share Flag Thu Oct 11, 2007 Market Conditions in Alexandria, VA
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