Reston Real Estate Report

Reston Real Estate Report

Summer 2014 Reston Real Estate Market Update

Posted by on Jul 22, 2014 in Reston Real Estate Report

Happy Summer!                                                                                                  Summer 2014 Greetings and happy summer to you and family!  I hope you are having a great summer so far.  This is a brief look at the Reston real estate market.  Home sales are sizzling in Reston along with some amazing heat!  We continue to benefit from low interest rates and low inventory of homes for sale.  Excitement of the pending opening of the new Silver Line Metro at Wiehle Ave. on July 26th has brought many new and prospective buyers to the community. Sales – Reston home...

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Real estate tips – tip #7 Think Big!

Posted by on Apr 2, 2014 in Reston Real Estate Report

As Reston celebrates its 50 birthday and its founder Robert E Simon his 100 birthday this week I am reminded of the importance of thinking big and setting goals.   I am constantly in awe of the vision it took in the early 60s to buy this property and to conceptualize the schools, the lakes, the shopping centers, pools, tennis and a golf course, the housing to be offered and to lay the ground work for what would become Reston Town Center.   Whether in my personal life or my business life it has always served me well to have a ‘road map’ of  basic goals and commit them to paper.  ...

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Real estate tips -tip #6 The first impression

Posted by on Mar 18, 2014 in Reston Real Estate Report

While you may have little immediate and direct control over the events that shape the economy or housing market, you do have control over the sale of your home. A real estate transaction involves a significant portion of your wealth. Professional management of the process is crucial for financial success. Proper preparation and marketing, now more than ever, play a huge role when selling a home. The more REALTORS® and qualified buyers who know about your home will result in more showings. Once there, a fantastic first impression is essential. It is very important to realize that most people...

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Real estate tips – tip #5 Making your house accessible

Posted by on Feb 25, 2014 in Reston Real Estate Report

Having your house on the market involves a certain invasion of privacy.  If you’re lucky, agents will be previewing it and showing it to buyers with some regularity.  On one hand, you’ll want to make it reasonably accessible to real estate professionals and their prospects.   On the other hand, you don’t want to step out of your shower as a local broker is bringing in a group of buyers. In many areas agents use a handy little tool of the trade called a ‘lockbox’.   On an occupied property, agents call first and let the owner know when they’ll be by.   If...

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Real estate tips – Tip #4 Negotiating with the sellers

Posted by on Feb 7, 2014 in Reston Real Estate Report

One of the first questions many prospective buyers ask us when they find the perfect house is “will they take less?” The agent can’t tell you what the sellers will take, and the only way to test their bottom line is to make an offer.  If you can negotiate a lower price or better terms than the original offering, you may possibly save yourself some money, but could risk losing a home you really love in the process. If your offer is below the sellers’ bottom line, they will probably make you a counter offer.  If your bid is too low, you run the risk of offending them.  ...

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Real estate tips – tip #3 Guidelines for househunters

Posted by on Jan 31, 2014 in Reston Real Estate Report

Finding the perfect house for your family is just the first step toward moving you into a new home.  The second step is negotiating the sales agreement with the sellers — both the price and the terms. To find out if the asking price is in line with the neighborhood, you can ask the Realtor to provide you with the “comparables” — selling prices for similar homes located nearby.  The agent can tell you how these houses may differ from the one you’re considering buying.   Use this information to help decide whether a particular property is a good value.  If the...

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