Saturday, March 27, 2010

TAKE ADVANTAGE OF THE TAX CREDIT

TAKE ADVANTAGE OF THE TAX CREDIT - DO NOT PROCRASTINATE! If you want to get your 8k tax credit, you better get serious about buying. Home purchase in Virginia, Maryland or DC is not an easy process. And it does take time and a lot of effort and thinking. The deadline of April 30th is approaching fast. If you are seriously considering buying a property, you might as well hurry and capture the 8k.
My advice is (if you have not hired an agent yet):
1. Study all the possible web-sites and Internet forums about the localities you are interested in.
2. Talk to a loan officer - get preapproved.
3. Put all the criteria that you absolutely need and the ones you wish to have on a sheet of paper. Decide how much time you are willing to spend on driving to work every morning?
4. See whether you will be able to update the property after you purchase it - put some money aside if possible.
5. Consider purchasing a house without the 8k - is it possible at all?
6. If you want to buy a short sale - you will probably need more time (90+ days). Which makes more sense: to go for a regular sale and get 8k or forget the tax credit and wait on a short sale? In any case, especially if trying to buy a short sale, get help of a real estate agent. You may get into trouble if you do not have an experienced one.
Need help of an expert who can help you find the right property for you in VA, MD or DC? Call 703-577-4277 or email.

Tuesday, March 23, 2010

Houses for Sale and Rent at the Vienna Metro

Houses for Sale and Rent at the Vienna Metro as of today March 23, 2010:
THese are the subdivisions that offer properties for sale:
Acadia condos - 4 units between 190k and 330k (1 and 2 bedroom units)
Marquis condos - 6 units between 209k and 345k (1 and 2 bedroom units)
Circle Woods townhouse - 400k
Country Creek townhouse - 635k
You can also buy detached houses at walking distance to the metro:
5 older ones between 500k and 570k (split-foyers and split-levels) and a newer one (built in 2004) for 790k.
If you need help previewing these, please call me at 703-577-4277. If you think you are ready to buy, in order for you to take advantage of the 8k tax credit, you should have a ratified contract before April 30. So, do not procrastinate.

Those who are looking for rentals around the metro, please call or email and I will be happy to show them to you.

Monday, March 15, 2010

Sales and Rentals at the Vienna Metro - March 15

Sales and Rentals at the Vienna Metro as of March 15, 2010:
Acadia condominium- 1 BR - 205k-218k
2 Br - 328 k - 340k
Marquis Condominium - 1 BR - 210 - 230k
2 BR - 295k- 345k
Hunters Branch - 2 BR -395k
Townhouse: CircleWoods - Circle Woods - 4 BR 3 1/2BA -370k -400k
Country Creek- 2 car garage townhouse - 635k
Detached House - Briarwood Trace - 790k 4 BR 4 1/2Ba
Town And Country Estates rambler - built in 1959 - 565k
tear-down rambler - 506k
These are all available as of today. Some of these are short sales. If you can wait and possibly lose your tax credit, then consider short sales. They are all within walking distance to the Vienna metro.

As for rentals, here is what you can find today:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1635547XRB56&p=DE-104543320-973
If you need help, call me at 703-577-4277. For potential purchasers, please make sure to talk to a loan officer and get preapproved. Banks have become very strict. Need advice? Call me.