THE BELT TEAM HITS LUCKY NUMBER 13 (And That's Lucky For Our Clients!)

 

         

We are happy to announce that The Belt Team has added two new members to its ranks. This brings our team to thirteen. Our past clients who are reading this know what a big deal this is. We don’t just hire anyone. Not only do they have to be ultra skilled at what they do (because we treat our clients like family!), but they must have core values that align with ours.

We have both an external mission statement (see below):

The Belt Team is a team of committed professionals who provide unparalleled real estate expertise in the Northern Virginia market. We put our clients’ and customers’ interests first and serve them with the utmost honesty, trust and integrity, striving to exceed expectations in all aspects of our relationships. Our objective is to help everyone from first-time buyers to seasoned sellers buy or sell your home at the best price and most favorable terms that the market will bear and to do this as quickly as possible with the least possible inconvenience to you. We seek the highest compliment you can give us, the referral of your family & friends. We expect to create a Success Story for each client!

And an internal mission statement that we embrace. It includes things like:

“God, Family, Business” drives us both personally and as a business. We strive to make a positive difference in others’ lives – whether that is in our families, with our clients, our co-workers AND in everyones’ lives that we touch.

Our team is large, not for the sake of being large, but because this is how we feel we can best serve our clients in today’s market. It’s not your grandmother’s real estate market anymore and we feel it important to have multiple specialists on our team so that our clients’ true needs are met. It’s why we have agents on our team who are experts in new construction, military relos, first-time homebuyers, the luxury market and more. It’s also why we have multiple “behind-the-scenes” folks who manage everything from contract-to-close processing, to lender follow up, to research & statistics and our social media strategy.

Let us introduce you to our two newest members!

Meet Jennifer Riddle!

Jennifer Riddle is a Real Estate Specialist and is the newest member of The Belt Team. She is a licensed Realtor and resident of Vienna where she proudly lives with her husband and two boys. A member of OLGC Catholic Church and an active member of the Vienna community, Jennifer especially enjoys volunteering at her boys’ school. Jennifer is a graduate of The University of North Texas and has been living in Vienna for 3 years. Her clients find her previous experience in finance and mortgage to be especially beneficial. As a transplant to Northern Virginia, Jennifer understands the challenges relocation can bring and is ready, willing & able to lend her expertise. As a former client of The Belt Team, Jennifer is thrilled to join the team that helped her family find the perfect home and is committed to sharing that same experience with her clients.

Meet Rachel Crosby!

Rachel Crosby joins our team as our second Client Care Manager. She is a graduate of The University of Kansas with a degree in Textile Design. Rachel comes to The Belt Team not only with 6 years of real estate experience, but having served as Volunteer Services Manager for the Food Bank of Central & Eastern NC and as a professional costume designer in Kansas City and Chicago. Her artistic background and keen eye for detail give her an edge in successfully promoting your property and ensuring that you get to settlement with ease. Rachel prides herself on exceptional customer service and guarantees a pleasant experience with her midwestern charm. In her off time, you can find her gardening, experimenting in culinary arts or renovating her charming 1940’s Cape Cod.

Click here to meet the rest of The Belt Team!

Just Listed in McLean!

JUST LISTED – 7325 Yates Court in Mclean – $1,195,000

  

  

 

You’ll find this gem inside the Beltway on a quiet cul-de-sac in a tranquil wooded setting! Enjoy gleaming hardwoods on the main & upper levels ~ a spacious living room with French doors to the family room ~ breakfast room with walk-in bay window offering views of the wooded back yard & a sliding door to the deck from the family room ~ screened porch with clear roof houses a hot tub & views of the stars ~ updated master bath with walk-in double shower ~ fully finished walk out lower level. Best of all is the proximity to both Tysons & DC!

More Info about 7325 Yates Court in McLean

Contact The Belt Team

Friday Funday Video & Open House Announcements

TGIF! That means it’s time for our Friday Funday Video & Open House Announcements.

This week’s video comes from Nils Lofgren, a DC area native who also happens to be part of Bruce Springsteen’s E Street Band. His new song “Dream Big” might inspire you. (Or maybe you’re outgrowing your existing home and you’re already “dreaming big”!) Either way – stop by & visit us at our open houses this weekend. Dreams are meant to come true! (Scroll down for details!)

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OPEN SUNDAY – 1 to 4PM – 413 Course Street NE in Vienna – $699,806

Fabulous 4-level split colonial in the heart of Vienna. Huge family room with gas log fireplace and sliding doors to a wood patio. Just a few steps up to the updated gourmet kitchen with stainless steel appliances, granite countertops & farmhouse sink. Gleaming hardwoods on 2 upper levels. Dining room with French doors to screened porch with ceiling fan. Living room with lovely picture window. Fully finished rec room on the lowest level.

More Info about 413 Course Street in Vienna

Directions: From Tysons: 123 South, Right Old Courthouse Road, at the light turn left to stay on Old Courthouse Road, Left on Course Street to the house on left (#413).

Read about “Life in Vienna”

Contact The Belt Team

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OPEN SUNDAY 1-4PM – 609 Ware Street SW in Vienna – $1,179,000

New custom home from District Properties in the heart of Vienna. Gleaming hardwoods on the main & upper levels. Living room with access to full bath could be main level bedroom. Gourmet kitchen with French doors to deck. Kitchen also opens to family room with gas fireplacec. Master suite w/spa-like bath & electric fireplace. Convenient upper level laundry. Finished lower level with rec room, electric fireplace & wet bar – plus a bedroom, full bath & media room. Fenced yard.

More Info about 609 Ware St SW in Vienna

Directions: From Tysons: 123 South, Left Nutley Street, Left Courthouse Road, Right Ware Street to #609

Read about Life In Vienna

Contact The Belt Team

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OPEN SUNDAY – 1 to 4PM – 10133 Pine Street in Oakton – $649,900

This lovely home is in a fabulous location in a quiet neighborhood with a rural feel, yet central to lots of amenities and even less than a mile to Vienna Metro. Enjoy a shaded backyard with deck & patio – perfect for both relaxing & entertaining. Inside, you’ll love the open, airy layout ~ spacious vaulted ceiling family room ~ hardwood floors ~ updated kitchen ~ updated baths upstairs ~ finished walkout lower level with rec room, 4th bedroom, 3rd full bath & office with built-ins ~ plus lots of storage!

More Info about 10133 Pine Street in Oakton

Directions: From Route 66: Exit Route 123 North toward Oakton, Right Hibbard, Right Pine Street to #10133 on left.

Contact The Belt Team

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CRAZY BUSY – Buyers & Sellers BOTH Need To Do Their Homework

                 

Wherever I go around town, the first thing people always ask me when they find out I’m with The Belt Team is “How’s the market?”. When I respond “crazy busy” and they are surprised by my response, I know they must be national news watchers and not local blog readers. For whatever reason, there is still a perception among many that the real estate market is “bad” and that homes aren’t selling. But that is simply not the case. While we are not back in the days where homes were appreciating incredibly rapidly and in the blink of an eye (and that’s a GOOD thing because it was not healthy and could never be sustained) – we ARE back in the days where homes are selling, selling quickly and some are selling over list price.

Buyers and Sellers both have to do their homework.

SELLERS:

Expectations of Buyers are that the home they buy is move-in ready – paint is fresh & neutral, carpets are the same, kitchens & baths should be updated and NO WALLPAPER! Some Sellers think they can skip doing the work and either lower their asking price or offer a credit “so the Buyers can put in what they want”. But today’s Buyer just doesn’t want to spend the time (or money) to do their own makeover. Their expectation is MOVE-IN READY NOW. And not doing the work to prep your home for market ahead of time not only affects your bottom line price, it may affect your saleability.

A wise Seller will consult their Realtor BEFORE they are ready to go on the market so they can find out what does and what does not need doing. Sellers who don’t do this often spend money on upgrades or fixes that really didn’t need to be made to sell their home.

BUYERS:

But Buyers have to do their own homework. If they don’t, in today’s market they will lose out. Loans need to be fully approved and not contingent. If you need (or want) to sell your existing home before you buy your next home – you need to go ahead & do that. In today’s market, Sellers will no longer consider accepting a contract that is contingent upon the Buyer selling their existing home. They do not want to accept that kind of risk and with the market as brisk as it is right now, they don’t have to. Buyers also have to be prepared to move quickly. They need to be educated and know exactly what they want and what they are willing to pay so that when that perfect house pops onto the market, they can jump on it. Because chances are – someone else is also waiting for that same house.

Our Keller Williams Realty office in McLean is one of the top sales offices in all of the DC region (for all companies). As a result, we are able to get a great pulse on the market not only through what we personally see day-to-day, but also by hearing from the rest of the office at our weekly meetings. This week, we continued to hear story after story of multiple contracts and homes selling the first weekend on the market – 3 contracts here, 6 contracts there, even one situation of 30 contracts! While this doesn’t happen on every listing, it is happening enough that Buyers must take notice and be prepared.

Buyers – you should be discussing strategies with your agent BEFORE you are in a pressure situation. Ask your agent to explain your options so you can decide what you are and are not comfortable with – things like escalation clauses, no appraisal contingency, doing an extra large earnest money deposit. Today’s market is not the one we saw about 5 years ago where Buyers were in the driver’s seat and could ask for whatever they wanted. The playing field has been leveled. And we’re back to the basics where both Buyers and Sellers have to work together towards a WIN-WIN siuation by each one doing their part.

So . . . . what’s happening this week in Vienna & Oakton?

Let’s find out by sticking to the format we used last week to analyze the market supply. If you read last week’s post, you saw that while the overall statistics might say Vienna & Oakton are in a Seller’s Market, that may not be the case in every price range. (Statistics below are based on today’s housing inventory and the past 30 days sales.)

OAKTON:

  • Up to $799,999: 39 homes currently listed, 1.4 month housing supply (Seller’s Market)
  • $800,000 – $1,099,999: 10 homes currently listed, 1.7 month housing supply (Seller’s Market)
  • $1,100,000 – $1,249,999: 7 homes currently listed, no sales in past 30 days
  • $1,250,000 – $1,500,000:  homes currently listed, 5.5 month housing supply (Balanced Market)
  • Above $1,500,000: 9 homes currently listed, 9 month housing supply  (Buyer’s Market)

VIENNA:

  • Up to $799,999: 75 homes currently listed, more homes sold in the past 30 days than are on the market now, less than 1 month housing supply (Seller’s Market)
  • $800,000 – $1,099,999: 39 homes currently listed, 1.9 month housing supply (Seller’s Market)
  • $1,100,000 – $1,249,999: 26 homes currently listed, 6.5 month housing supply (Balanced Market)
  • $1,250,000 – $1,500,000: 34 homes currently listed, 11 month housing supply (Buyer’s Market)
  • Above $1,500,000: 20 homes currently listed, 10 month housing supply  (Buyer’s Market)

Detailed statistics for last week in the overall Vienna & Oakton markets are below. Contact The Belt Team if you would like statistics on YOUR particular market!

Last week in Vienna Real Estate (22180,22181, 22182):

  • Number of Contracts: 23
  • Average Days on Market for Active Listings: 100 days
  • Average Days on Market for Listings That Went Under Contract: 38 days
  • Inventory: 193 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.0 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.8 months

Last week in Oakton Real Estate (22124):

  • Number of Contracts: 9
  • Average Days on Market for Active Listings: 95 days
  • Average Days on Market for Listings That Went Under Contract: 17
  • Inventory: 76 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.5 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.1 months

If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975 for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters. We’ll be happy to schedule a consultation and get very detailed about “YOUR Market”? so that you can make the decision that is best for YOU!

Also, you can read more about:

You can also listen to How Buyers Should Choose The Right Realtor.

Email The Belt Team (or call us at 703-242-3975) to request a FREE WRITTEN REPORT of your home’s value or to be put on our FREE PRIORITY NOTIFICATION LIST for special buying opportunities that are not in the MLS or on the Internet. In a market like this, don’t you want to know about homes BEFORE they hit the market?

Just Listed in Vienna!

JUST LISTED – 413 Course Street NE in Vienna – $699,806

  

  

Fabulous 4-level split colonial in the heart of Vienna. Huge family room with gas log fireplace and sliding doors to a wood patio. Just a few steps up to the updated gourmet kitchen with stainless steel appliances, granite countertops & farmhouse sink. Gleaming hardwoods on 2 upper levels. Dining room with French doors to screened porch with ceiling fan. Living room with lovely picture window.  Fully finished rec room on the lowest level.

More Info about 413 Course Street in Vienna

Read about “Life In Vienna

Contact The Belt Team

Friday Funday Video & Open House Announcements for April 21 & 22

TGIF! That means it’s time for our Friday Funday Video & Open House Announcements.

First – our video. We lost a great artist this week. RIP Levon Helm. So this week’s video goes out to all of you who have been looking for a place to lay your head. And whether you’re looking in Vienna or Oakton, Falls Church or Sterling – we’ve got some FABULOUS places to call home and they’ll be open this weekend (scroll down for details & directions). But first – here’s Levon Helm:

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JUST LISTED – OPEN SATURDAY & SUNDAY – 1 to 3PM

60 Southall Court in Sterling – $267,900

Welcome to a gorgeous, move-in ready townhome in a wonderful location! Enjoy 3 bedrooms, 2 full updated baths, all new exterior doors, a custom deck perfect for outdoor entertaining, a spacious open kitchen, wood burning fireplace in the LR, fully finished walk out lower level & new HVAC. The fully fenced backyard backs to parkland for ultimate privacy. Community amenities include a pool, sport courts & almost 10 miles of trails.

More Info about 60 Southall Court in Sterling

Directions: From Tysons: Route 7 West, North Algonkian Parkway, Left Spotswood Rd, Right Bentwood Rd, Left Southall Ct to home on right at #60.

Contact The Belt Team

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JUST LISTED – OPEN SUNDAY – 1 to 3PM – 413 Course Street NE in Vienna – $699,806

Fabulous 4-level split colonial in the heart of Vienna. Huge family room with gas log fireplace and sliding doors to a wood patio. Just a few steps up to the updated gourmet kitchen with stainless steel appliances, granite countertops & farmhouse sink. Gleaming hardwoods on 2 upper levels. Dining room with French doors to screened porch with ceiling fan. Living room with lovely picture window.  Fully finished rec room on the lowest level.

More Info about 413 Course Street in Vienna

Directions: From Tysons: 123 South, Right Old Courthouse Road, at the light turn left to stay on Old Courthouse Road, Left on Course Street to the house on left (#413).

Contact The Belt Team

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OPEN SUNDAY – 1 to 3PM – 6816 Arlington Blvd in Falls Church – $399,987

Charming bungalow with great curb appeal! One level living at its best. All freshly painted. New carpets, tile and refinished hardwoods. Unique dual sided fireplace between the family room & dining room. Both baths totally renovated. New kitchen. All new lighting. Professionally landscaped. Patio for outdoor entertaining. Fully fenced yard. New roof. Convenient location, just 10 minutes to DC!

More Info about 6816 Arlington Blvd in Falls Church

Directions: From 495 exit 50 East towards DC to just past Greenway Blvd (about a mile) to house on the left. House is setback from Route 50, on access road that runs parallel to the main road.

Contact The Belt Team

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OPEN SUNDAY 1-4PM – 609 Ware Street SW in Vienna – $1,179,000

New custom home from District Properties in the heart of Vienna. Gleaming hardwoods on the main & upper levels. Living room with access to full bath could be main level bedroom. Gourmet kitchen with French doors to deck. Kitchen also opens to family room with gas fireplacec. Master suite w/spa-like bath & electric fireplace. Convenient upper level laundry. Finished lower level with rec room, electric fireplace & wet bar – plus a bedroom, full bath & media room. Fenced yard.

More Info about 609 Ware St SW in Vienna

Directions: From Tysons: 123 South, Left Nutley Street, Left Courthouse Road, Right Ware Street to #609

Read about Life In Vienna

Contact The Belt Team

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OPEN SUNDAY – 1 to 4PM – 10133 Pine Street in Oakton – $649,900

This lovely home is in a fabulous location in a quiet neighborhood with a rural feel, yet central to lots of amenities and even less than a mile to Vienna Metro. Enjoy a shaded backyard with deck & patio – perfect for both relaxing & entertaining. Inside, you’ll love the open, airy layout ~ spacious vaulted ceiling family room ~ hardwood floors ~ updated kitchen ~ updated baths upstairs ~ finished walkout lower level with rec room, 4th bedroom, 3rd full bath & office with built-ins ~ plus lots of storage!

More Info about 10133 Pine Street in Oakton

Directions: From Route 66: Exit Route 123 North toward Oakton, Right Hibbard, Right Pine Street to #10133 on left.

Contact The Belt Team

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Charmer Just Listed In Sterling!

60 Southall Court, Sterling – $267,900 – OPEN SATURDAY & SUNDAY 1-3PM

                      

   

Welcome to a gorgeous, move-in ready townhome in a wonderful location! Enjoy 3 bedrooms, 2 full updated baths, all new exterior doors, a custom deck perfect for outdoor entertaining, a spacious open kitchen, wood burning fireplace in the LR, fully finished walk out lower level & new HVAC. The fully fenced backyard backs to parkland for ultimate privacy. Community amenities include a pool, sport courts & almost 10 miles of trails.

More Info about 60 Southall Court in Sterling

Contact The Belt Team

We have LOTS of listings coming on the market this Spring. Let us know if you would like to be on our PRIORITY NOTIFICATION LIST so that you can find out about listings BEFORE they hit the market!

Buyer's Market Or Seller's Market – Can It Be Both?

                     

Vienna and Oakton’s housing markets are still cruising along. With less than a 3 month supply of homes in Oakton and less than a 2 month supply in Vienna – yes, you guessed it – we remain in a Seller’s Market in both areas.

But let’s break things down a little more and check out what’s happening in different price ranges, because the reality is that while the overall statistics might say Seller’s Market, that may not be the case in every price range. (Statistics below are based on today’s housing inventory and the past 30 days sales.)

OAKTON:

  • Up to $799,999: 45 homes currently listed, 1.9 month housing supply (Seller’s Market)
  • $800,000 – $1,099,999: 9 homes currently listed, 1.1 month housing supply (Seller’s Market)
  • $1,100,000 – $1,249,999: 7 homes currently listed, no sales in past 30 days
  • $1,250,000 – $1,500,000: 10 homes currently listed, 5 month housing supply (Balanced Market)
  • Above $1,500,000: 9 homes currently listed, 9 month housing supply  (Buyer’s Market)

VIENNA:

  • Up to $799,999: 70  homes currently listed, less than 1 month housing supply (Seller’s Market)
  • $800,000 – $1,099,999: 38 homes currently listed, 2.1 month housing supply (Seller’s Market)
  • $1,100,000 – $1,249,999: 23  homes currently listed, 3.3 month housing supply (Balanced Market)
  • $1,250,000 – $1,500,000: 36 homes currently listed, 9 month housing supply (Buyer’s Market)
  • Above $1,500,000: 20 homes currently listed, 6.7 month housing supply  (Buyer’s Market – close to a Balanced Market)

So, the answer to the question of whether we can be in both a Buyer’s Market AND a Seller’s Market – is YES!

These statistics really point out why Buyers & Sellers should not base their decisions on what they read in the national news. Working with a Realtor who really knows YOUR market can be invaluable not only when you are strategizing pricing, but when you are evaluating other concerns as well (like re-sale value & potential re-sale challenges.)

Detailed statistics for last week in Vienna & Oakton are below. Contact The Belt Team if you would like statistics on YOUR particular market!

Last week in Vienna Real Estate (22180,22181, 22182):

  • Number of Contracts: 27
  • Average Days on Market for Active Listings: 102 days
  • Average Days on Market for Listings That Went Under Contract: 59 days
  • Inventory: 187 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.0 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.6 months

Here are last week’s stats for Oakton Real Estate (22124):

  • Number of Contracts: 9
  • Average Days on Market for Active Listings: 86 days
  • Average Days on Market for Listings That Went Under Contract: 28
  • Inventory: 80 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.9 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months

If you’re thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975 for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters. We’ll be happy to schedule a consultation and get very detailed about “YOUR Market”? so that you can make the decision that is best for YOU!

Also, you can read more about:

You can also listen to How Buyers Should Choose The Right Realtor.

Email The Belt Team (or call us at 703-242-3975) to request a FREE WRITTEN REPORT of your home’s value or to be put on our FREE PRIORITY NOTIFICATION LIST for special buying opportunities that are not in the MLS or on the Internet. In a market like this, don’t you want to know about homes BEFORE they hit the market?

Just Listed In Heart of Vienna!

609 Ware Street SW in Vienna – $1,179,000

New custom home from District Properties in the heart of Vienna. Gleaming hardwoods on the main & upper levels. Living room with access to full bath could be main level bedroom. Gourmet kitchen with French doors to deck. Kitchen also opens to family room with gas fireplacec. Master suite w/spa-like bath & electric fireplace. Convenient upper level laundry. Finished lower level with rec room, electric fireplace & wet bar – plus a bedroom, full bath & media room. Fenced yard.

More Info about 609 Ware St SW in Vienna

Read about Life In Vienna

Contact The Belt Team

We have LOTS of listings coming on the market this Spring. Let us know if you would like to be on our PRIORITY NOTIFICATION LIST so that you can find out about listings BEFORE they hit the market!

Just Listed in Alexandria!

6422 Potomac Avenue in Alexandria – $394,500

Rare AS-IS rehab in exclusive New Alexandria.  Opportunity for instant equity with cosmetic updates.  NOT a Short Sale or Foreclosure.  Cash or conventional only.  Cash offers require Proof of funds.  Short distance to shops, restaurants, and water.  Well below assessment value. Great 203K opportunity and Seller can manage construction/improvements if Purchaser desires.

More Info about 6422 Potomac Avenue in Alexandria

Contact The Belt Team

We have LOTS of listings coming on the market this Spring. Let us know if you would like to be on our PRIORITY NOTIFICATION LIST so that you can find out about listings BEFORE they hit the market!