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Vienna : Real Estate Advice

  • All93
  • Local Info5
  • Home Buying35
  • Home Selling6
  • Market Conditions2

Activity 52
Wed Aug 11, 2010
Johnny Yankoviak answered:
Hello Ss:

How are you doing?

Yes, there are some townhomes that fit your criteria, however it will be a challenge.

My search for Vienna and Falls Church only came up with 6 "active" listings in that price range, and 4 were condo/coop ownership with the $400-$682 fees that come along with it.

The 2 remaining "active" townhomes were both located in the Lakeford Subdivision near Rt. 50. One was priced at $318k, with 20 days on the market, and the other $335k, with 39 days on the market. Both homes have 2 bedrooms, 1 full bath, and 1 half bath. One is on a cul-de-sac, and the other backs to trees.

The townhome on the cul-de-sac, has been updated with ceramic tile in the bath, and the town that backs to trees has a walk-out basement. Both include lake access, walking path, tennis courts and tot lot. The HOA is $55/month.

Is that something you are interested in?

I will be showing homes in Prince William County, until late afternoon, have you got a chance to talk to a lender?

Just let me know. I am a 35 year resident of the area.

Hope this helps,

Johnny "Culdesac" Yankoviak
johnnyculdesac@gmail.com
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Wed Dec 1, 2010
Ramesh Chandra answered:
These are mutually exclusive terms.
Meanings depend on context and total verbage used.

Single Family always mean da detached home sold as "fee simple" (u own the land).


Income property is one u can produce income by renting, most of the times for multiple tenants or mixed use tenants.

Investment is any property which is attractive to an investor.

You should work with a good buyer agent who works with investors, if ur interest is investment.

I would be glad to do a 45 minute "Get to know you session" with u, if u r interested.

rgds,
Ramesh Chandra
703 635 8209
mepcigroup@gmail.com
Buyer Agent
Saab Realtors
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Tue Jul 14, 2009
Don Tepper answered:
Sure. There are hundreds of them. I just did a search and there are 139 active properties for sale in Falls Church, Vienna, and McLean listed for $250,000 or less. I bumped the search up to a minimum of 2 bedrooms, and there are still 49 active listings.

Here's the link: http://matrix.mris.com/Matrix/Public/Email.aspx?ID=31792206050

Just one note, though. While as a Realtor I'm not allowed to comment on quality of schools (which school is "best," for instance), it's true that Falls Church City has a reputation for good schools. So, in fact, does most of Fairfax County, in which Falls Church, Vienna, and McLean are. However, on the one hand, do your due dilligence. There is enough variation that you should check the individual school, even in Falls Church, Vienna, or McLean, to make sure it meets your needs.

And on the flip side, there are some excellent schools (whoops--I should say that there are some schools that some parents consider to be excellent) outside of those areas. I attended Woodson High School many years ago; you might wish to check Woodson out. Also, my son just graduated from Robinson Secondary School in Fairfax. I would encourage you to at least include Robinson in your initial considerations.

Including Fairfax in your search produced 62 actives. Here they are: http://matrix.mris.com/Matrix/Public/Email.aspx?ID=31792311291

Hope that helps.
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Fri May 8, 2009
Vicky Chrisner answered:
Hopeful - I regularly do business in your area, and am very familiar with auctions. Feel free to contact me in the morning by phone and I am happy to discuss this with you. I am also linking you to a post about auctions, it may help you.

To answer your question, however, YES. But, you'll likely need more than 2 weeks... I say likely because I don't know your specific situation or the home. If you contact me, I can put you in contact with the right people to help you.

Vicky Chrisner
703-669-3142
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Wed Mar 2, 2016
Doug Francis answered:
This is a long-time issue with science from the power industry showing no effects, to those from environmentalists showing cancer risks. If you don't like what you read, then move on to another property. I have never let a client buy a home that they felt unsure about future issues; such as road construction, aircraft noise, underground oil pipelines, or power lines.

I have friends with lines in their back yard... everyone is healthy.

My observation with sub-stations is that they seem to "hum" and I like peace and quiet when I open the windows. So that would bother me and I would move on.

I have put in a link, but if you google even your current power provider (we have Dominion Virginia Power) then we will see reports based on science that it isn't an issue. Good luck.
-doug francis, abr, vienna
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Sun Apr 26, 2009
Dana Schuster answered:
Realty
Trac is not a listing site. They publish notices of default & foreclosure from the public records. many of these homes have not yet completed foreclosure and are not yet on the market. When foreclosure is complete the home will be listed at market value which will be determined at that time. if you are interested in purchasing a foreclosure,your best option is to work with a local agent who has access to the MLS. That is the only truly accurate source of information as it is updated constantly. ... more
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Fri Apr 17, 2009
Michael Hammond answered:
You should be able to find a good inspection company to do all of that for a flat fee, Mike. I advise (read almost insist) that all of my buyers enlist the help of a professional to give them a detailed report of the property's condition, whether it's new or a re-sale. Good Luck! ... more
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Thu Oct 14, 2010
Glenda Cherry answered:
7.36 is the current market absorption rate for those zip codes (combined). For more detailed information, please feel free to contact me.
0 votes 4 answers Share Flag
Wed Mar 18, 2009
Glenda Cherry answered:
Are you talking about an appraisal or the tax assessment? If you're referring to the tax assessment, it has nothing to do with the market value of the property. The tax assessment is just a mass estimation based on sales within the last year. So not only are the assessments a year out of date, they have no bearing on the market value. Ask your agent to prepare a CMA showing you the recent sales and active listings of comparable properties - that's the best way to know what the property is worth ... and what you should offer. ... more
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Wed Mar 18, 2009
Bob Georgiou answered:
It sounds as if you are in good hands with your agent. 4 days is getting long in the tooth bet there could be good reasons for a seller not responding. I personaly have had situations where one of the sellers was 100% sure they could get more money and would not accept what i thought was a reasonable offer. I have had sellers disappear on vacation at the last moment and not tell their agent. If the sellers let the expiration on your offer makes it unenforcable at YOUR discretion. Go and keep looking and write other offers. If the sellers come back to you, accept or not. You are in control! ... more
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Sat Mar 14, 2009
Bill Eckler answered:
Jeffery,

The fact that you are inquiring about this is an indication of certain future concerns. Factors such as road sound, airport noise, railroad etc. most definitely will impact this properties resale value and impact your quality of life there. ... more
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Fri Mar 11, 2011
Lena Zaky answered:
There are few single family homes and townhomes for rent in that area. The rent in the area runs about $2300-2500/month.
Should you have any questions please feel free to contact.

Lena Zaky
The Gold Standard of Service and Results
Weichert Realtors,
156 Maple Ave, Vienna
22180
571-216-9858

Serving people in Virginia and Maryland moving into, out of and around the DC area by Referral. A Referral is sending someone you care about to someone you respect and trust!
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Tue Feb 24, 2009
Monika Kumar answered:
Seller can't sell it until it is released so if you are in time - frame of notice they need to release the escrow. So property be just sitting ansd waiting if your case is correct then they may have to pay attorney fee and all that stuff to sign the release but MUST read your contract first and see you stay in time frame snd discuss with right authorities!! ... more
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Tue Feb 17, 2009
Dana Schuster answered:
Your lender should have been given this info before closing. it is generally a requirement for underwriting,at least that's been my experience. In Louisiana, the purchase agreement requires a special addendum for this. You can't close on a condo here without the HOA providing insurance info,owner to tenant ratio,etc. I have also had experience with trying to get damage repair w. a condo and sometimes the insurance companies take forever. I sold a condo unit after katrina and while there was no flooding in the complex,the entire complex (these are townhouse duplex style) had roof damage. It took months to get this fixed,and my buyer couldn't close until this was done. ... more
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Sun Feb 8, 2009
Bill Eckler answered:
Hi Igor,

There is a web resource out there you might want to take a look at.

www.linkedin.com

This is a networking system for proessionals that included recommendation from former customers and clients. It might be worth a peek.

Good luck
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Fri Dec 12, 2008
Cindy Jones answered:
You need to chat with your broker on how to research properties for sale not listed in the MLS. This is why they are there!
0 votes 1 answer Share Flag
Fri Oct 31, 2008
Weymouth Group answered:
The contract is executed when you and the Seller agree to the terms. Ratification occures when the 3rd party agrees to the terms set forth in the agreement. The 3rd party ( the lender) is not a party to the contract in terms of being a buyer or seller. The 3rd party approval is a condition or contingency in the agreement. The short sale process can be reduced tremendously if the selling agent knows the process and have all the paperwork required for third party approval.

Ask your lender if they have an extended lock with a float down feature. It shouldn't cost you any extra, however; they might ask for money upfront to "lock" YOU in, not the rate.
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Sun Oct 12, 2008
Derec Shuler answered:
I moved from the DC area a few years ago but you should be able to locate a local agent that has a map-based MLS search tool on their website. That will allow you to designate the area you're interested in and to search your price point and criteria. Good luck! ... more
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Mon Jul 28, 2008
Cindy Jones answered:
Consult with your agent to discuss all of your options. Without knowing what is in your specific contract and why the seller can't make it to settlement no one besides your representative should advise you on your next steps. ... more
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Tue Jul 29, 2008
Vicky Chrisner answered:
(1) I am not certain how anyone can know when the property will be re-listed. Perhaps she meant AFTER July 20th. The bank will base their price on the Brokers Price Opinion and the appraisal they recieve. Since you have a buyers agent, you should ask him/her what the price might be. Without knowing the specifics of the property, no one here can tell you what the price will be -it won't be based on the data you gave.
(2) Buyers, in general, aren't crazy about short sales, and since they are harder than REOs, that is reasonable. Add to that "difficulty" showing.... my point is, if they've had no offers, I don't think it is necessarily a reaction to the price (although it might be-again I don't know what property you're referring to).
(3) If the tenants were a problem before, they may be a problem after the foreclosure, as well. Who knows when the bank will get them evicted. On the other hand, maybe the tenant will just go once ownership has turned over.
(4) What else is available to you? If you haven't seen this property, it might not be at all what you are expecting, and there are lots of deals out there.
(5) There is reference to a blog post that might help you. It talks about REOs, but the same valuation principles affect a banks' reaction to offers on a short sale - and then it is complicated by the short sale evaluation.
Best wishes. Feel free to contact me with any other questions.
www.VickyChrisner.com
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