Changing Lives For The Better

Real Estate Success Stories

The Belt Team‘s mission statement is “Changing Lives For The Better”. Whether it’s in our real estate business or our personal lives, we take it seriously. Buying or selling a home is not just a financial transaction. We recognize that it’s often precipitated by an important life event – a wedding, a funeral, a promotion, a layoff, a new baby, becoming an empty nester, getting a job relocation, etc.

To that end, Terry Belt, CEO of The Belt Team shared “We have been blessed to help thousands of families change their lives for the better  and it has been an honor to serve so many of you in 2013. In gratitude, we have made donations to the following charities who are united with us in changing lives for the better.”

  • Food For Others
  • Cure Starts Now
  • The Hope Center
  • Our Military Kids
  • Alzheimer’s Association
  • Stop Soldier Suicide
  • Youth Apostles
  • Unitarian Universalist Homeless Ministry
  • Our Lady of Good Counsel Catholic Church

From our family to your family, “Welcome Home and  Happy Thanksgiving!”.

If it’s time to change YOUR life and you’re looking to buy or sell a home, contact The Belt Team today. We specialize in real estate success stories.

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Northern Virginia Real Estate – It’s November, Now What?

It’s November in Northern Virginia. What does that mean for real estate?

(Well – besides the fact that if your home is on the market, you have probably already raked your leaves 5 times!)

Rake Leaves

Let’s take a look at the numbers (month-to-date). They’re pretty interesting. From city to city, the numbers can vary vastly.

For example, 53% of the homes that went under contract in Vienna this month sold in 2 weeks or less. In Oakton, only 14% of the homes sold that fast. And yet Vienna & Oakton are right next door to each other. And a large majority of Buyers who look in one area, also look to buy in the other.

What this means for Buyers is that if you are looking to buy in Vienna, you’d better be ready to POUNCE when the right home comes on the market. You probably won’t have much time to think if it’s a home that’s in a good location, priced right and in good condition. So you’d better do your homework now – have your loan approved, know exactly what you want, do whatever research you need to do on comps, schools, etc. (Search homes for sale in Vienna)

If you’re looking to buy in Oakton, you might have a bit more breathing room. (But the housing supply there is still teetering between Seller’s Market & Balanced Market – so don’t wait too long!) (Search homes for sale in Oakton)

At the other extreme is Great Falls – likely because it’s at the upper end of the luxury market in our area. Homes that are on the market in Great Falls have been listed for an average of 223 days. (That’s more than 7 months!) If you’re looking to buy in Great Falls, you may still be able to get “a deal” or at least negotiate a price below list price. (Search homes for sale in Great Falls)

Bottom line – whether you are looking to buy or sell a home in Northern Virginia – you MUST know the numbers. As you can see below – there’s a wide range of stories being told in each market!

# of Homes Currently On The Market:

  • 69 (Oakton)
  • 134 (Great Falls)
  • 136 (Reston)
  • 140 (Vienna)
  • 203 (Falls Church)
  • 208 (McLean)
  • 283 (Fairfax)
  • 435 (Arlington)
  • 916 (Alexandria)

Average Days on Market (Active Listings)

  • 55 days (Reston)
  • 69 days (Falls Church)
  • 72 days (Fairfax)
  • 79 days (Arlington)
  • 93 days (Alexandria)
  • 101 days (Oakton)
  • 110 days (Vienna)
  • 143 days (McLean)
  • 223 days (Great Falls)

# Homes Under Contract MTD

  • 11 (Great Falls)
  • 21 (Oakton)
  • 32 (Vienna)
  • 33 (McLean)
  • 60 (Reston)
  • 67 (Falls Church)
  • 87 (Fairfax)
  • 165 (Arlington)
  • 276 (Alexandria)

Average Days on Market (Homes Under Contract MTD)

  • 37 days (Falls Church)
  • 37 days (Vienna)
  • 42 days (Arlington)
  • 47 days (Reston)
  • 48 days (Fairfax)
  • 49 days (Alexandria)
  • 94 days (Great Falls)
  • 107 days (Oakton)
  • 120 days (McLean)

Percent Sold in 2 Weeks or Less (MTD)

  • 53% (Vienna)
  • 46% (Falls Church)
  • 39 % (Arlington)
  • 34% (Fairfax)
  • 32% (Alexandria)
  • 30% (McLean)
  • 23% (Reston)
  • 18% (Great Falls)
  • 14% (Oakton)

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Reston Condo at Midtown – Just Listed – Open Nov 24th

Just Listed and Open Sunday, Nov 24th Noon to 2PM

List Price: $770,000

Sought after condo – “high up” in the East Tower at Midtown in Reston!

Midtown Condo Reston

Map/Directions to 11990 Market Street #1503 in Reston

Peek inside this gorgeous unit in Midtown at Reston Town Center

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Call (703) 242-3975 for more info!

Townhome Near Silver Line Metro in Vienna – Open Sunday, Nov 24th

Townhouse near Silver Line Metro

This striking brick-front town home is in a fabulous location next to the new Silver Line Tysons Metro! Open floor plan on 3 finished levels, 3-level sun room extension, eat-in kitchen open to family room with gas fireplace, formal dining room, two great master suites & finished lower level walkout with custom bar & built-in bookcases. Deck off family room & stone patio off rec room. Backs to wooded common area.

OPEN SUNDAY, NOVEMBER 24TH 1PM TO 4PM

Peek inside 8524 Harvest Oak Dr in Vienna

Map/Directions to 8524 Harvest Oak Dr in Vienna

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Custom Luxury Home Beauty in McLean – Open Sunday, Nov 24th

Open Sunday, November 24th in McLean from 2-4PM!

Home For Sale in Evermay

Welcome to this custom brick beauty just minutes to DC & Tysons, and superbly located adjacent to Potomac School. This one owner home has been cherished. Incredibly well built with excellent craftsmanship and thoughtful design, it offers endless versatility. Enjoy 7 bedrooms, 6 full & 2 half baths, 5 fireplaces, two-story entry foyer and family room.The impressive gourmet kitchen has 3 ovens, two 4 burner ranges with heat lamp & tray, 2 oven warmers, and 2 dishwashers. Spacious dining and living rooms, and an amazing garden level with lounge, game, billiard areas and more! You’ll love the natural setting on the expansive main level deck, sheltered patio and private upper level deck/balcony.

Peek inside the interior at 1324 Potomac School Road

Map/directions to 1324 Potomac School Road

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Coming Soon: Midtown at Reston Town Center

Reston Condo for sale at Midtown!

Call (703) 242-3975

Reston Condo For Sale

If you’ve been waiting for a spacious 2 bedroom condo at Midtown – you’ll LOVE the one we have coming on the market soon. It’s has 2 spacious bedrooms, gorgeous hardwood floors, walk-in closets, upscale kitchen with granite countertops & stainless appliances, an appealing curved balcony and best of all – fabulous 15th floor views! And since it’s at Midtown – you have all the wonderful Midtown amenities like valet guest parking, an awesome media room, party kitchen, gas grill on terrace, fitness center, & pool.

Contact The Belt Team for more info.

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McLean Open House – Potomac School Road – Nov 17th

If you’re looking for a gorgeous custom luxury home in McLean, that’s just one stoplight from Washington DC – we’ve got JUST the home for you – and it will be open this Sunday, Nov 17th from 1-4PM!

Home For Sale in Evermay

Potomac School Entry Potomac School GR Custom Home For Sale McLean

More info about 1324 Potomac School Road

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Directions: From Heart Of McLean: Take Rt. 123 N toward the River; Right Potomac School Rd To End, To Left (Just Before School Entry) On Private Lane. 1324 Is On Left Enter Far End Of Circular Drive

Call (703) 242-3975 for more information!

Unusual Mortgage Financing May Help You!

Box with Bow

Mortgage underwriters (the people who actually “approve” your loan when you’re buying a house or refinancing) like to think that everyone fits into a little square box with a nice big ribbon on top. But homebuyers are not all the same.

If you have a situation that may be a bit outside the box, don’t worry. We have a wonderful resource for portfolio loans in Northern Virginia! (Portfolio loans are loans that are held by the lender, rather than being sold on the secondary market. As a result, the lender can often be more flexible in their underwriting guidelines.)

Here are some examples where our lender partner may be able to help you:

Check MarkYOU’RE SELF-EMPLOYED– but have been self-employed for less than the standard 2 year requirement. Our lender can work with just 1 year of self-employed or commission income..

Check Mark YOU’RE A FOREIGN NATIONAL

Check MarkYOU’RE FINANCING A LUXURY HOME and only want to make a 15-20% down payment. Our lender can do 85% LTV to $1 million and 80% LTV to $1.5 million  (owner occupied.)

Northern VA Mortgage FinancingThere are lots of other ways our lender can help. If you don’t fit inside that neatly wrapped borrower gift box, and you want to buy or refinance a home in Northern VA – don’t give up! Reach out to our lender, Paul Diaz with New Penn Financial. There’s a good chance he can help!

Luxury Custom Home in McLean – Open Sunday Nov 10th

This gorgeous custom luxury home near Potomac School will be open Sunday, Nov 10th. Stop in & see. You just might fall in love! Offered at $2,000,000.

OPEN SUNDAY, Nov 10th 1-4PM

Home For Sale in Evermay

More info about 1324 Potomac School Road

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Directions: From Heart Of McLean: Take Rt. 123 N toward the River; Right Potomac School Rd To End, To Left (Just Before School Entry) On Private Lane. 1324 Is On Left Enter Far End Of Circular Drive

Call (703) 242-3975 for more information!

Open Sunday, Nov 10th Near New Tysons Metro!

OPEN SUNDAY, NOVEMBER 10TH 1-4PM

Townhouse For Sale in Amberwood

Click here for more information about 8524 Harvest Oak Drive in Vienna!

Call (703) 242-3975 for more info!

Directions: From Tysons: 123S; RT on Old Courthouse Rd; stay straight onto Gosnell; Left onto Raglan; 1st Left onto Harvest Oak, 8524 on RT. From new Tysons Metro station: West on Rt 7 then immediate left onto Gosnell; RT onto Raglan, then as above.

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