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Archive for November, 2007

How Keller Williams Arlington Got My Buyers to the Closing Table

November 21st, 2007 Categories: Buying, Keller Williams, Reston

In today’s ”buyers” real estate market it’s a wonder why I had to pull out all the stops to get my buyers to the closing table.

After ratifying the contract and with a settlement date set for 5 weeks out, USAA offers my client a great conventional fixed rate mortgage at 100% financing. They appraise the place at $1,000.00 over contract price and with 6 days left before the scheduled closing USAA calls the buyer. USAA insists the values of this local real estate market (Reston, VA) had dropped in the past two weeks enough that in order to fund the loan they would need a whopping $17,000.00 cash down from the buyer in order to settle the deal. Needless to say my buyers calls me to solve the problem! 

Fortunately, I had a top notch mortgage broker on my team (Nations Home Funding- Debbie Mullan 703-481-2291 ext 117) who was able to help the buyer with 100% financing and only raised the interest rate 3/8 of a point- She even took the application on a Sunday afternoon and had it through underwriting and submitted to the settlement attorney with 2 days to spare.  Ironically Debbie’s appraisal STILL HAD THE UNIT APPRAISING FOR $1,000.00 over contract price. I guess Reston’s real estate hadn’t really dropped in value as USAA described!

Sadly this doesn’t seem to be an uncommon story these days. I suggest another contributor to our stagnant market is attributed back to the mortgage types that the buying community is able to get, versus all of the interest only and deferred payment options offered a few years back - seems some of the new lending restrictions and “Free-to-Do whatever they want” spirit may have forced a lot of folks who were once in the market right back out!

BUYER BEWARE and don’t underestimate a lenders ability to change the name of the game at any time before the closing table!

 

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Keller Williams Visits International Country Club… “The Only Thing Missing Is You…”

November 19th, 2007 Categories: Entertainment & Lifestyle, Fairfax, Keller Williams

 

Keller Williams explores the International Country Club at 13200 Lee Jackson Memorial Highway in Fairfax. The International Country Club has recently completed several improvement projects to the facility. They now offer:

 

• A larger Clubhouse

• A Gourmet Kitchen to cater the:

  • Ball Room

  • Banquet Room

  • Grill Room

  • Dining Room

• Sports Complex fully equipped with:

  • A Heated Pool

  • 18-Hole Golf Course

  • Tennis Courts

  • Full Service Gym complete with Exercise Classes

• For the kids:

  • Multiple Pool Fountains

  • A large tot pool

  • A diving board

• For the adults they offer:

  • A multi-jet bubble seat

  • Men’s and Ladies locker facilities

  • A Snack and Tiki bar (with a full service bar)

 And so much more! Their recent renovations are worth a look at their current membership information!!

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Will December 11th Bring Another Federal Reserve Cut?

November 19th, 2007 Categories: Financing, Keller Williams

In the Mason Dixon Week in Review (for 11/19/07), Senior Loan Officer Fontaine Williams indicates there is slight Fed talk of no further rate cuts, while others anticipate another quarter-point cut that will be announced on the 11^th of December.

Williams says, “In general, Bonds and home loan rates have improved in recent weeks - and until a catalyst arrives to knock Bonds and home loan rates off the ‘Up Escalator’ of improvement, we will likely continue to see more of the same.”

The takeaway from this article is with the upcoming possible announcement from the Fed, and the release on Tuesday of the Housing Starts and Building Permits report will give investors greater insight into the market to come!

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Another Happy Keller Williams Arlington Buyer

November 15th, 2007 Categories: Arlington, Condo Communities, Keller Williams

Living/Dining Room to Balcony:

While raving about The Phoenix at Clarendon Metro, in Arlington, VA, I was hoping that my new first time home buyer was going to be happy here.

I am pleased to say that I have added another ecstatic first time buyer to my list. My new client just ratified her contract on a new 2 bedroom, 2 bath condo!! With the closing scheduled for November 20^th, she couldn’t be happier about the upcoming holidays; I love my job.

Eric Solomon, Sales Manager for The Phoenix, was phenomenal - I can’t speak highly enough about this guy. Not only is The Phoenix an impressive building with many notable amenities, they have a sales staff that is willing to work with everyone and is both professional and fun.

It’s a great day for Keller Williams in Arlington. 

For more information on The Phoenix, visit their website.

Kitchen: Applicances are GE Profile Stainless Steel

  

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Risk Never Sleeps, Realtors at Law

November 13th, 2007 Categories: Keller Williams

Northern Virginia Association of Realtors (NVAR) is offering a Risk Reduction Graduate Certification program. The program intends to educate Realtors on reducing disputes and lawsuits. They recommend the class to anyone seeking further education in the real estate industry. For an additional 18 hours of education they’re offering a “Conquering
Contracts I, II, III” course on November 28th, December 3rd, and December 5th.

NVAR

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4th Best Place to Live - Vienna, VA

November 12th, 2007 Categories: Keller Williams, Schools, Vienna

Vienna, VA education options include 16 public schools in the Fairfax County Public School system, and 10 private schools. Vienna was ranked 4th in CNN Money’stop 100 places to live in the U.S. Fairfax County Public Schools are ranked among the best in the U.S., it’s also ranked 13th largest in the nation. Vienna’s two main public high schools are Oakton and Madison High School. Oakton was ranked 99th Best High School in the U.S. in 2007 by Newsweek. Madison was ranked 123rd in the same poll. Check out these links for Vienna schools and Fairfax County Public Schools

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McLean, VA - Highest Average SAT Score

November 12th, 2007 Categories: Keller Williams, Mclean, Schools

McLean, VA public schools are part of the Fairfax County Public School system. There are 8 public schools in McLean and 10 private. The main high schools are McLean and Langley High Schools. McLean was ranked 73rd in Newsweek’s 2007 Top High Schools in the US poll. Langley has the highest average SAT scores of all of the Fairfax County high schools. Former graduates of Langley include Gilmore Girls actress Lauren Graham, and Glamour Magazine Editor-in-Chief Cynthia Leive.

For a complete list, visit McLean public and private schools. 

For more information, visit Fairfax County Public Schools.

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Reston, VA - Former Town of NBA Star Grant Hill

November 12th, 2007 Categories: Keller Williams, Reston, Schools, Sports Talk

Reston, Virginia is served by 10 public and 6 private schools. The primary high school in Reston, South Lakes High School, is the former high school of NBA Star Grant Hill (Phoenix Suns). Residents of Reston are served by the Fairfax County Public School system. Fairfax County Schools comprise the 13^th largest school district in the U.S.

For a complete list, visit Reston public and private schools.

For more information, visit Fairfax County Public Schools.

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Over 93% Graduation Rate for Great Falls, VA

November 12th, 2007 Categories: Great Falls, Keller Williams, Schools

Great Falls, VA is served by 2 public elementary schools and 1 private K-12 school. Other options include Fairfax County Public Schools (FCPS). FCPS is the 13^th largest in the nation. Over 93% of the students enrolled in the FCPS have post-secondary education plans.

For more information, visit Great Falls public and private school options.

For more informationon FCPS, visit Fairfax County Public Schools.

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George Mason High, #1 in D.C. and Falls Church, VA

November 12th, 2007 Categories: Falls Church, Keller Williams, Schools

Falls Church, VA is served by the Falls Church City Public School (FCCPS) District. One of Falls Church’s public schools, George Mason High School, was ranked #1 in the DC Area by the Washington Post and #6 in the nation by Newsweek. In 2006, 95.4% of graduates were seeking post-secondary education. While FCCPS is served by 4 schools, there are other schools located in the city of Falls Church served by Fairfax County Schools.

For more information and a complete list of both public and private Falls Church schools, served by both Falls Church and Fairfax County.

For more information on Fairfax County Public Schools, please visit: http://www.fcps.edu

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Arlington, VA Schools are in the Top 1% of the U.S.

November 12th, 2007 Categories: Arlington, Keller Williams, Schools

Arlington, VA public high schools were rated in the top 1% in the U.S. in 2007 by the Newsweek 

Washington Post Challenge Index. Facts indicate Arlington has a 92.1% graduation rate. In 2006 Arlington was ranked the most educated city (percentage of residents with graduate degrees) by CNN Money. A testament to the high ratings Arlington receives is a former graduate of Yorktown High School, current CBS evening news anchor, Katie Couric.

For more information and a complete list of both public and private visit Arlington County schools.

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The Phoenix, Originally Arlington Virginia’s First Post Office

November 5th, 2007 Categories: Arlington, Condo Communities, Keller Williams

While The Phoenix Condo development was built on what was once the Arlington Virginia Post office it is now the unbeatable location for residence with a wide variety if living style choices bound to please everyone that passes through!

One of Clarendon’s newest condo building – The Phoenix – has location, style, class, and variety; everything for young and old professionals alike. Fully loaded with a gym, rooftop pool, media entertainment room, business center and 8 different floor plans (for 2BD/2BA) all located 1 block the Arlington Metro (orange line), what more can someone ask for? Our tour guide, Jed, was great about showing us the available units in our favorite floor plans and colors; he was amenable and accommodating.

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The Residences at Station Square Arlington Virginia is Perfect, The One

November 5th, 2007 Categories: Arlington, Condo Communities, Keller Williams

A gem in the heart of everything might just be the One my client’s been looking for! With almost every amenity she wanted, a location that is to die for, and a unit within her price range – I could tell this was the one as soon as we walked in! A block from the heart of Clarendon, with countless stores, restaurants, and other niches to explore.

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