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Tuesdays on the Town: Brighton by Beazer at Willowsford

Tuesdays on the Town: Brighton by Beazer at Willowsford

It’s been incredibly busy these past few months and as I write, the team is getting ready to put 6 listings on the market in the next 2 weeks. We’re always out visiting new construction, the majority of our tours just never get published. Writing […]

What Does Louis Vuitton Have to Do With Mortgages?

What Does Louis Vuitton Have to Do With Mortgages?

I like to tell this story about how lenders work. Women obviously get this a bit better than men so there is also a motorcycle version… Say for example, I wanted to invest in a purse and started researching a Louis Vuitton. I could go […]

Tuesdays on the Town: Eastview by Van Metre

Tuesdays on the Town: Eastview by Van Metre

For this week’s Tuesdays on the Town my team and I visited Van Meter’s Eastview community over in Chantilly. Eastview is another beautiful single family and townhome community edging along the South Riding/Chantilly borders. Single-family homes start in the $600,000 range and as of our visit, they were building Hadley, Eton, Carlton, Arden, Dalton, and Weston models for sale.

The community is under the Stone Ridge HOA, which is $95 per month and includes trash/recycling removal, snow removal, and maintenance of the trails, ponds, and common areas in the community. The amenities of Stone Ridge includes three swimming pools, tennis courts, tot lots, amphitheater, fitness center, and a clubhouse! Schools so far for this community are under the Loudoun County school system and currently are Liberty/Arcola Elementary, Mercer Middle, and John Champe High School. School zoning, however, is subject to change so it may be best to check out Loudoun County’s website directly to confirm if there has been any recent rezoning with how quickly the area is growing.

We had the pleasure of viewing the Hadley model, which starts at $642,990 and is 2,754 square feet. The main level boasts an open floor concept and comes with 4 bedrooms, 2.5 bathrooms as well as a gourmet kitchen with a cooktop and double wall ovens. There is also a main level study/powder room and you do have the option to create a third full sized bathroom on the upper level as well as finish the lower level basement area.

At the time of our visit, there were under 20 homes left available for purchase, which is typical as a lot of new constructions homes in Van Metre communities sell out quickly and are in high demand. If you are looking to move into Eastview or another Van Metre community before they sell out, give us a call at 703-261-5826!

Tuesdays on the Town: Tanglewood by Van Metre

Tuesdays on the Town: Tanglewood by Van Metre

Just for fun, type in “luxury homes off Braddock Road” into your Google search. Home buying sites will generate a variety of featured properties. Typical two or three bed renovations in Old Town Alexandria, to new construction three and four-level townhomes with open floor plans. […]

Tuesdays on the Town: Haymarket Crossing by Stanley Martin

Tuesdays on the Town: Haymarket Crossing by Stanley Martin

A couple years ago, my family and I made a move west to Prince William County, landing in the small town of Haymarket. As a Buyer Agent, I’ve cautioned clients against considering this area as I cannot overstate how difficult the traffic can be. On […]

Tuesdays On The Town: Mount Vineyard by Pulte in Fairfax

Tuesdays On The Town: Mount Vineyard by Pulte in Fairfax

Several years ago I decided to start a blog called Tuesdays On The Town. My goal was to design a day spent discovering areas in proximity to new construction developments. I’d grab a coffee, meet at the sales center and talk with builder reps about what they were planning, how long it would take to finish and what they had immediately available. Then I’d have an Instagram-fabulous lunch and highlight our favorite parts of the up and coming zip code. I posted a dozen or so articles before we were so busy, we couldn’t keep up with it.

Recently I’ve had a few clients considering new construction in Ashburn, Fairfax, and Woodbridge – I thought it might be time to reignite the idea since I’ll be working on a few new construction contracts and I’m looking forward to sharing the process.

The City of Fairfax has become such a desirable location in recent years, some buyers will have noticed that the area comes with its own MLS code. When looking at MLS numbers, Fairfax County properties will be identified as FX whereas the City of Fairfax will start with FC. The area is perfectly situated around downtown with third wave coffee shops, live music (and trivia night!) and a rather well-known university where you can catch a concert or basketball game – all walkable by design. Naturally, the demand prompts newer housing options.

Pulte Homes is one of many active builders in the area and Mount Vineyard, being about 75% completed is just three-quarters of a mile from downtown on the corner of Oak and Main Streets. A picturesque blend of 22′ and 24′ wide garage townhomes, two-level condos and two elevator condo buildings make up 132 new properties.  

When I visited last, the Devonshire Crest model had just been closed. The last dozen or so remaining lots will all feature the Edinburgh, which is the model now available to tour. The 24′ wide two car garage townhouse is four finished levels with up to 5 bedrooms and 4 and a half bathrooms, just over 3,000 square feet. Prices starting at $729,990 and HOA fees at $114 a month, to include individual homeowner lawn maintenance, snow and trash removal, recycling and the community amenities – a large courtyard and walking path.

Also available to tour are the elevator condos, known as The Flats. Six floorplans ranging from 1,208 square feet to 1,615 square feet and priced from $439,900 to $539,900 and condo fees at $337 a month to include secure building entrance, underground parking and elevator service.

If there’s a new construction development you’d like us to review, post it below. My team and I will head out once a week to discover and report back on new and exciting options!

Krissy Cruse Earns NAR’s Seniors Real Estate Specialist Designation

Krissy Cruse Earns NAR’s Seniors Real Estate Specialist Designation

Reston, Virginia July 30th, 2017 – Krissy Cruse with Keller Williams Realty has earned the nationally recognized Seniors Real Estate Specialist® designation from the Seniors Real Estate Specialist Council of the National Association of Realtors®. Krissy joins more than 15,000 real estate professionals in North America who have earned […]

Questions to Ask Your Buyer Agent: Part One

Questions to Ask Your Buyer Agent: Part One

On more than one occasion, I’ve met with new buyers to be greeted with warm smiles, a firm handshake…and a list of interview questions that they printed off the internet. Given the amount of research we do to book a restaurant or hotel reservation, I […]

Mortgage Pre-Qualification vs. Pre-Approval: What’s the Difference?

Mortgage Pre-Qualification vs. Pre-Approval: What’s the Difference?

When buying a home, cash is king, but most folks don’t have hundreds of thousands of dollars lying in the bank. Of course, that’s why obtaining a mortgage is such a crucial part of the process. And securing mortgage pre-qualification and pre-approval are important steps, assuring lenders that you’ll be able to afford payments.
However, pre-qualification and pre-approval are vastly different. How different? Some mortgage professionals believe one is virtually useless.

“I tell most people they can take that pre-qualification letter and throw it in the trash,” says Patty Arvielo, a mortgage banker and president and founder of New American Funding, in Tustin, CA. “It doesn’t mean much.”

We asked our experts to weigh in to help clarify the distinction.

What is mortgage pre-qualification?

Pre-qualification means that a lender has evaluated your creditworthiness and has decided that you probably will be eligible for a loan up to a certain amount.

But here’s the rub: Most often, the pre-qualification letter is an approximation—not a promise—based solely on the information you give the lender and its evaluation of your financial prospects.

“The analysis is based on the information that you have provided,” says David Reiss, a professor at the Brooklyn Law School and a real estate law expert. “It may not take into account your current credit report, and it does not look past the statements you have made about your income, assets, and liabilities.”

A pre-qualification is merely a financial snapshot that gives you an idea of the mortgage you might qualify for.

“It can be helpful if you are completely unaware what your current financial position will support regarding a mortgage amount,” says Kyle Winkfield, managing partner of O’Dell, Winkfield, Roseman, and Shipp, in Washington, DC. “It certainly helps if you are just beginning the process of looking to buy a house.”

Why is mortgage pre-approval better?

A pre-approval letter is the real deal, a statement from a lender that you qualify for a specific mortgage amount based on an underwriter’s review of all of your financial information: credit report, pay stubs, bank statement, salary, assets, and obligations.

Pre-approval should mean your loan is contingent only on the appraisal of the home you choose, providing that nothing changes in your financial picture before closing.

“This makes you as close to a cash buyer as you can be and gives you a huge advantage in a competitive market,” says Lea Lea Brown, a vice president and mortgage banker with Atlanta-based PrivatePlus Mortgage.

In fact, pre-approval letters paired with clean contracts without tons of contingencies have won bidding wars against all-cash offers, Brown says.

“The reliability and simplicity of your offer stand out over other offers,” Brown says. “And pre-approval can give you that reliability edge.”

So take notice, potential home buyers. While pre-qualification can be helpful in determining how much a lender is willing to give you, a pre-approval letter will make a stronger impression on sellers and let them know you have the cash to back up an offer.

This article originally published on Realtor.com

Krissy Cruse Earns NAR’s Military Relocation Professional Certification

Krissy Cruse Earns NAR’s Military Relocation Professional Certification

  Reston, VA, July 10th, 2017 — Krissy Cruse with Keller Williams Realty – Reston has earned the nationally recognized Military Relocation Professional (MRP) Certification. The National Association of REALTORS® confers the MRP certification to REALTORS® who want to help military personnel and veterans find housing solutions that best […]