Updated Symphony Hills Home Open in Vienna – April 13

This gorgeous, updated home in Vienna’s sought after Symphony Hills is listed at $824,900.

Symphony Hills Vienna

 

 

  • Spacious & updated!
  • 5 bedroom rambler!
  • English garden!
  • Wolftrap / Kilmer / Madison school pyramid!

Is THIS the one you’ve been waiting for?!

Open Sunday, April 13th from 1-4PM!

More info, photos & directions to 9627 Percussion Way in Vienna

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Contact The Belt Team for more info or to schedule a showing call (703) 242-3975!

Updated

Just Listed & Open Sunday March 30th: Labrador Lane in Popular Eudora

Home For Sale Eudora Vienna

Just listed in one of the most popular neighborhoods in Vienna – 1926 Labrador Lane in Eudora! $795,000

Stop by our open house on Sunday, March 30th from 1PM to 4PM. This just might be YOUR dream home!

Directions to Open House

Additional Photos

For more information about 1926 Labrador Lane or to schedule a showing, call The Belt Team at (703) 242-3975. (Note: The Belt Team has sold almost twice as many homes in Vienna over the past 5 years as any other Realtor or team. If you want to buy or sell a home in Vienna, give us a ring. We specialize in Success Stories!)

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Symphony Hills Beauty Open in Vienna – Sunday, March 23rd

This gorgeous, updated home in Vienna’s sought after Symphony Hills is listed at $824,900.

Vienna Home For Sale

  • Spacious & updated!
  • 5 bedroom rambler!
  • English garden!
  • Wolftrap / Kilmer / Madison school pyramid!

Is THIS the one you’ve been waiting for?!

Open Sunday, March 23rd from 1-4PM!

More info, photos & directions to 9627 Percussion Way in Vienna

Search All Homes For Sale in Vienna

Search Townhouses For Sale In Vienna

Contact The Belt Team for more info or to schedule a showing call (703) 242-3975!

Open House in Vienna VA – Symphony Hills – March 16th

Vienna Home For Sale

There are only 6 homes on the market in Vienna listed between $750,000 and $850,000; and most of them have been on the market for a while.

But we have a new listing that could just be THE ONE YOU’VE BEEN WAITING FOR! And it’s open this Sunday, March 16th from 1-4PM!

More info, photos & directions to 9627 Percussion Way in Vienna

Search All Homes For Sale in Vienna

Search Townhouses For Sale In Vienna

Contact The Belt Team for more info or to schedule a showing!

Just Listed & Open Sunday: Updated Beauty in Symphony Hills (Vienna, VA)

Vienna Home For Sale

There are only 9 homes on the market in Vienna listed between $725,000 and $925,000; and most of them have been on the market for a while.

We have a brand new listing that just might be THE ONE YOU’VE BEEN WAITING FOR! And it’s open this Sunday, March 9th from 1-4PM!

More info, photos & directions to 9627 Percussion Way in Vienna

Search All Homes For Sale in Vienna

Search Townhouses For Sale In Vienna

Contact The Belt Team for more info or to schedule a showing!

McLean Home Open Sunday Jan 19th

If you’re looking for a home in McLean, just 10 minutes to Washington DC – then stop by our open house on Sunday. You just might find the home of your dreams at 6423 Linway Terrace!

Listed at $969,000

OPEN SUNDAY, JANUARY 19TH 1-4PM

McLean Homes For Sale

Mint condition.Brand new top of the line appliances granite counter tops ,new carpets, new bathroom fixture. Custom painted inside out.5 bedrooms 4 full baths. Main level bedroom. Family room with fireplace and sliding doors to the back yard and deck. Fully fenced lot. Located on cul de sac . Lower level with Rec room and Den

More pictures & info about 6423 Linway Terrace in McLean

Directions to Linway Terrace Open House

I Can’t Attend The Open House, But Want To Schedule A Showing

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What Homebuyers Need To Know About “Shadow Inventory” in Northern VA

Shadow Inventory in Northern VA

Have you ever heard the term “shadow inventory“?

Shadow inventory is normally a term that refers to a supply of homes that has not yet been put on the market, but is “lurking” in the background – usually real estate properties that are in foreclosure (REO or bank owned properties) or close to foreclosure.

But there really is another type of “shadow inventory” here in Northern Virginia; and if you’re a Buyer, you need to pay attention to this!

As you know, inventory around Northern Virginia is scarce. Homes are selling quickly and there is not a glut of homes on the market the way there was five years ago. Homes that are priced well, in a good location and in good condition are getting snapped up – and sometimes getting multiple, competing contracts and selling over list price. Places like Vienna, VA for example, only have 2.5 months of housing inventory.

In the meantime, prices are rising and so are interest rates. So what is a Buyer to do?

Find the shadow inventory! Not the REO homes, but the “other” shadow inventory.

Successful, experienced Realtors often have their own “shadow inventory”. When you’ve been in the real estate business for an extended period of time and are tops in your field, you build up a very loyal clientele & following. And this means that past clients (and new ones) often contact you well in advance of going on the market. They list their home with you and then have you consult with them on how they can maximize the return on their home. Only then do they go about preparing the home – doing repairs, improvements, painting, staging, etc. And the home does not go on the market until everything is ready.

Therefore, there is a period of time between when the home is listed and when it actually hits the market. THIS creates a small amount of “shadow inventory” and THIS is why Buyers should work with TOP Realtors. It maximizes their chances of finding their dream home. Not only do TOP Realtors often have their onw shadow inventory, they zre wired in with other TOP agents as well. (This is one reason our team is affiliated with Keller Williams in McLean. Some of the best Realtors in the country are also in our office. It’s a BIG advantage for our clients.)

As an example, The Belt Team has signed listings for properties in the following areas that are not on the market yet: Great Falls, VA and Vienna, VA.

In addition to this, top agents also have vast networks of contacts and can reach out to them on your behalf. Sometimes, people are not actively ready to sell their home, but when we reach out to them on behalf of a buyer who has targeted their neighborhood and who is already approved for a loan, it’s enough to make them consider a sale. And sometimes they actually sell – without putting their home on the market. We have sold a number of homes that way. And it’s a win-win for both buyer and seller.

If you would like to work with a real estate team who is creative, proactive and who thinks outside the box, contact The Belt Team at (703) 242-3975. That’s what it takes to make your real estate dreams come true in today’s market.

Our mission is “Changing Lives For The Better, One Family At A Time.” Is it time to change YOURS?

Oakton Real Estate Stats: 2003 to 2013

As we head into the New Year – it’s a good time to look back over the past 10 years and see what has happened in Oakton real estate. Here are the highlights:

HOME PRICES:

Prices are steadily rising. The average price in Oakton rose 9% over the previous year. However, unlike in Vienna where prices are higher than they were at the height of the market in 2006; Oakton’s prices remain below the market high in 2005.

 Oakton Home Prices Rising

NUMBER OF HOME SALES:

Oakton saw a HUGE jump in sales in 2013 – 35% over the previous year! More homes were sold than in any year since 2004.

How Many Homes Sold In Oakton 2013

DAYS ON MARKET:

Homes continue to sell quickly in Oakton. In 2013, homes sold in an average of 49 days – faster than in any other year since 2005. (Note: Belt Team listings sold in an average of 9 days – AND at a higher percentage of list price than average. This means Belt Team Sellers had one less mortgage payment to make – saving thousands of dollars!)

 Hos Fast Do Homes Sell in Oakton VA

SOLD PRICE AS PERCENTAGE OF LIST PRICE:

Sellers in 2013 garnered a higher percentage of list price than in any year since 2005 – 96.75%. (For example, if a home was listed at $800,000 – the average Seller would have sold it for $774,000. )

Oakton Real Estate Stats Sold Price To List Price 2003 to 2013

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Contact our CEO, Terry Belt about selling your home in Oakton.

Contact our Senior Buyer Specialist, Tom Reilly about buying a home in Oakton.

Percentage of Underwater Homes Drops Nationally – What About Northern VA?

We recently attended a conference in Austin where national statistics were presented on the housing market. One of the pieces of good news that was presented was the fact that the percentage of homes that are underwater (ie – homeowners owe more than the homes are worth) has dropped significantly since last year.

We closed 2012 with almost 22% of homes underwater across the United States. After the first two quarters of 2013, that number had dropped down to 14.5%. And 7% of properties returned to positive equity by mid-year.

Underwater Homes

So – what’s happening in Northern VA?

Northern VA has had less homes underwater than many places nationally, but we still have had our share. Well – prices are up, inventory is still fairly low, and interest rates are rising.

This kind of makes for the Perfect Storm.

Rising interest rates could hurt both buyers and sellers. When rates rise, buyers lose buying power. They can’t get as much for their money, it’s harder to qualify for loans and at some point – they drop out of the market. This means demand wanes. When demand wanes, and less buyers are in the market, Sellers have less leverage when selling.

We’re starting to get a lot of calls from savvy homeowners in Northern Virginia who tried to sell (or wanted to sell, but didn’t even try) during the years 2007-2011. They have realized that in many cases, prices are up enough that they can make that next housing move – the one they thought they could make a few years back, but couldn’t. Some are seizing the opportunity to downsize. And some are making a much needed upward move to accommodate their growing families. They realize this just might be the time to put their toes back in the water to see if the numbers work – BEFORE interest rates rise so high that buyers for their home are priced out.

Northern VA Home Sellers

Micro-markets in our area mean that this scenario may not apply to you. For example, there are some areas that are always in demand & insulated from outside market forces. And there are other markets – for example, the luxury market – where demand may not be as swift. If you’re wondering whether you can sell – NOW is the time to consult a Realtor and run the numbers. You may have missed the market last time, but don’t miss it this time.

If you want to take a look at a general valuation of your home before your schedule a consultation – try out our new FREE HOME VALUATION TOOL. You’ll get an immediate online estimate.

How Much Is My Home Worth Virginia

Our mission is “Changing Lives For The Better”. If it’s time to change yours, give us a call at (703) 242-3975.

Open House at The Yacht Club at Sequoia Village

Have you been dreaming of a waterfront community lifestyle, but you live in Northern Virginia and you also want easy commuting? Well – stop by our open house this weekend at The Yacht Club at Sequoia Village. We have the perfect home for you!

OPEN SUNDAY, OCTOBER 6TH 2PM to 4PM

For Sale Chrisland Cove Falls Church

7575 Chrisland Cv   7575 Chrisland CvDirections: 495 to Rt 50 E (toward Arlington); Right onto Jaguar Tr; Immediate left onto Chrisland Cove – go thru the gate (Call 703-242-3975 for Gate Code); 7575 is on the right.

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