Market Conditions in Ashburn : Questions & Answers

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Stephanie Le…, Real Estate Pro in Miami Lakes, FL
Stephanie Leon PA 786-574-3928 answered:
Hi - I am in a dilemma regarding whether to rent/sell my townhome in Ashburn Village (at Ashburn Village Blvd/Gloucester Pkwy).
First, How Much Is Your Real Gain...

Many people mistakenly believe that their gain is simply the profit on the sale ("We bought it for $100,000 and sold it for $650,000, so that's a ... more
1 vote Share Flag Wed Aug 6, 2014 Market Conditions in Ashburn
Unspecified, Renter in Ashburn, VA
Unspecified answered:
I am looking to purchase a condo in Morley Corner at about 334K, is this a good purchase
Jack,

let me say the area is spiking, what will happen in the future who knows. Eric seems to have the best approach, prices are soaring with all the buzz of the Metro. Will it happ ... more
0 votes Share Flag Mon Apr 29, 2013 Market Conditions in Ashburn
Abdul Anwar, Real Estate Pro in Ashburn, VA
Abdul Anwar answered:
In a short sale, what happens if the price of a home is much lower at the appraisal then what the agreed amount was?
In most cases short sales won't get approved. Bank usually orders BPO (Broker Price Opinions) which give them a fair market values.
0 votes Share Flag Wed Feb 27, 2013 Market Conditions in 20148
Abdul Anwar, Real Estate Pro in Ashburn, VA
Abdul Anwar answered:
Purchasing a new townhouse in Ashburn (zip code 20148): 2,660 square feet; 4 bedrooms and 3 1/2 baths. Is $451,775 a fair price?
451K appears to a be good price when you are getting a brand new end unit. Re-sale homes are already selling above 400K in 20148 and inventory is low.
0 votes Share Flag Wed Feb 27, 2013 Market Conditions in 20148
Denis Fahie, Real Estate Pro in Ashburn, VA
Denis Fahie answered:
What're the nearest cross streets shown on Google maps for 21766 Harroun Terrace, Ashburn, VA ? TIA -- C. Cramer, flydad1@gmail.com
The best location would be Trask Pl and Waxpool Rd, it is accross the street from Trask Pl. This is a new Community by Van Metre homes called Broadlands Station. http://www.vanmetrehome ... more
0 votes Share Flag Tue Jan 15, 2013 Market Conditions in Ashburn
Dan Ritchey, Real Estate Pro in Ashburn, VA
Dan Ritchey answered:
Is building a new homes in Ashburn (approx $900,000) overpriced for this area?
Rania,
I was a builder for 25 years before becoming a realtor and the answer to your question is that it depends.
Here is a link to homes sold in the 20147 and 20148 zip codes in the ... more
0 votes Share Flag Fri Sep 21, 2012 Market Conditions in Ashburn
T Yankov, Home Buyer in Washington, DC
T Yankov answered:
My husband and I purchased a townhouse in Ashburn, VA in 2004. Our home would only sell for 50,000 more than
You should consider the opportunity cost of the built-in equity in your townhouse. If you sell it now, you will not have to pay any capital gains tax on the net profits (up to 500K for ... more
0 votes Share Flag Thu Mar 24, 2011 Market Conditions in Ashburn
Jackie Hagen…, Real Estate Pro in Virginia
Jackie Hagenston answered:
Sell or rent dillema
Risk is a very personal thing. The other posts raised some valid questions---your next steps, if you are comfortable with and completely understand what you are taking on becoming land ... more
0 votes Share Flag Thu Mar 26, 2009 Market Conditions in Ashburn
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