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Dulles : Real Estate Advice

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  • Home Buying1
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Activity 10
Wed Oct 5, 2016
Enginayyars asked:
Looking for Architects / Structural designers to express interest in getting associated from the design stage. Intended customer base to be mostly Indians.
This being a radical experimentation,…
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Mon Sep 5, 2016
Changes-not-good asked:
If I know the exact address I can find a property in your database. However, if I use your "new" standard search techniques, I cannot find the exact same property. If I was a…
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Thu Apr 17, 2014
Dan Tabit answered:
Probably, but it will cost you. Builders use very builder friendly contracts, very one sided. There are none that I've ever heard of that would make a provision for what your describing. In fact, chances are they will build other homes with the same lay outs to other buyers. The one thing that is probably safe is that builders hate to drop prices. They may give upgrades, pay closing costs or do other things to benefit a purchaser but the last thing they want to do is lower prices. ... more
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Wed Mar 13, 2013
Rich Homer answered:
Engage a local Licensed Real Estate Broker by clicking "Find a Pro" in the header of this website.
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Wed Sep 9, 2009
Elderberry answered:
Definitely depends what kind of lifestyle you want.

In 45 minutes you could be all the way into West Virginia! Where you could buy quite a big house or a big piece of land.

If you need good schools I'd recommend Loudoun County or Fairfax County. Loudoun has one educational disadvantage which is that school boundaries have been changing very often because of growth and kids have had to switch schools often.

Best bang for the buck housewise closer than West Virginia would certainly be Winchester, a nice medium sized town with friendly people but might be a little culture shock if you are a liberal politically. South of Winchester is the Shenandoah Valley and the northern part is also within a commute if you think you wnat more land or a reverview.

Loudoun has a rural west and a suburban east. Take your pick in Loudoun of winding rural roads and small farms or large subdivisions with plenty of shopping centers and future access to the subway coming someday. In Loudoun, Leesburg is the historical County seat that also has an outlet mall, Purcellville is an old farming town that's now a bedroom suburb, and Middleburg is still a horse-oriented very small town tourist attraction. Aldie is a very very small village and many homes that have an Aldie address are really in subdivisions east of the village, not in it. In the suburban area of Loudoun, Lansdowne, Ashburn, are well-known areas. South Riding, Countryside, Brambleton, are other well-known subdivisions. In your price range you will find both townhouses and single family, depending on the aREA.

Fairfax is more densely developed and definitely culturally diverse. Probably a bit less for your money in that some housing will be older and maybe smaller. The "named towns" in Fairfax are really indistinguishable from the surrounding sprawl. But individual neighborhoods can be very attractive. In general, you will probably want to look at Oakton, Vienna, Fair Lakes, or western Fairfax; some people liked the planned community of Reston.

Route 66 is a major highway commute route west. Routes 15, 29, 50 and 7 are multilane roads but not what you think of as highways. Route 7 gets quite congested. There is a toll road west from Dulles as well(Rt. 267).

There is lots of inventory now and many short sales and foreclosures in all areas. You will have a lot to choose from.
... more
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Sun Aug 16, 2009
Chris Prickett answered:
My experience has been that this does not close the deal any faster. On the contrary, it just adds another layer to an already complicated transaction, and in some cases, it can actually gum up the works. Here’s why:
• The average short sale negotiator gets about $1K per closed transaction, some a little more, some a little less
• If you figure that the costs of running a business is about 20% (phones, internet, computers, office supplies etc), a professional negotiator would need to successfully close 100 transactions a year to make an annual salary of $60…IF he or she closed 100% of the transactions, which just does not happen.
• For argument’s sake, let’s say they close 80% which is pretty darn good. That would mean that in order to make a half decent living, the negotiator is working AT MINIMUM, 125 transactions a year!
• Since the average SS transaction takes over 4 months to close, it’s safe to say that in this case, the “professional negotiator” has 40-50 open files on his desk at any given time! How is that beneficial to the buyer OR seller???

Now, you might make the argument that a professional negotiator has better systems than the average Joe, and that may be right, but no system can add hours to the clock! SS’s require babysitting, thinking outside the box, and sometimes just sitting on hold for very long periods of time. There has to be a compromise somewhere, and that may be your file!

I’ve also heard the argument that PN’s establish relationships with the bank’s negotiators and therefore can cut through some of the red tape because of this unique relationship. While that may be true in some cases, it can also be a determinate:

• Sometimes familiarity breeds contempt. One bad day, and you’ve made an enemy
• Bank negotiators burn out quickly! I’ve had cases where I’ve gone through three bank negotiators on one file.

• Sometimes the relationships get too chummy and the respective negotiators play “Let’s Make a Deal”. Your file might get sacrificed in order to push another through.

I close over 90% of my short sales because I do my homework before I take the listing and I don't overwhelm myself by taking on too many.
... more
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Sun Mar 8, 2009
Cindy Jones answered:
If the seller signed the offer the status in the computer should have changed to CNTG/NO KO or CNTG/KO at the time the offer was accepted by the seller.

If you are the buyer why did you receive a letter from the bank? The bank would be working with the seller and their agent to keep them informed on the status of the short sale package. You need to be in touch with the agent representing you and if you worked directly with the listing agent then you need to call them. Unfortunately short sales do take time and cause confusion. Each lender works differently. ... more
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Tue Jan 29, 2008
Lenn Harley answered:
Our statistics show for Loudoun County, Average Days on Market: 123
Sterling 20164 is 149
Sterling 20165 is 113
Sterling 20166 is 52
All based on SOLD properties for January 2008.
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