January 31st, 2008 Categories: Arlington, Keller Williams, Properties
Sunday, February 3rd
12-3pm
The Residences at Station Square Condo
1205 N. Garfield St Unit 708
Arlington, VA 22201
2 Bed, 2 Bath
2 Parking Spots
1 Storage Unit
998 Total Sq. Ft
$599,900
Please come by to see this beautiful condo!! Or call me to schedule a showing!
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January 30th, 2008 Categories: Financing, Keller Williams
(Picture Courtesy of CNN Money)
As predicted, the Fed cut interest rates again by 1/2 a point, bringing the rate down to 3%. Combined with the other rate cut this month, that’s a total of 1.25% in January. According to the Washington Post, that’s the steepest rate cut in a single month in 20 years. The Post also says,
“The lower rate is likely to reduce the cost of borrowing money through credit cards or auto loans or to invest in a business, and is likely reduce rates on many adjustable-rate mortgages.”
This should make borrowing money for a new mortgage, and refinancing, easier. That’s the point of these rate cuts - to increase the ease with which new mortgagors can obtain funds to buy your next home!
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January 30th, 2008 Categories: Entertainment & Lifestyle, Falls Church, Keller Williams
In search of something new and healthy, a friend recommended I try Elevation Burger on Lee Highway in Falls Church. Let me tell you - I loved it! I also noticed a lot of parents feeding their children at this local burger joint. Why?? Elevation Burger only serves Organic meat! Their menu is full of healthier versions of your favorite fast food.
Organic Kobe beef patties piled as high as you want, 2 choices of veggie burgers (1 that tastes like meat, and 1 that tastes like veggies), grilled cheese, fresh fries cooked in Olive Oil, and real, creamy milk shakes
I get hungry just thinking about it!! For the complete menu, click here.
Need additonal incentive to try it? It was even Zagat Rated.
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January 29th, 2008 Categories: Buying, Financing, Keller Williams
Since i’ve been on the theme of mortgage rates and financing of late, I thought I would add one more post about the issue.
Mortgage rates are at their lowest since 2004.
If you take a look at all of the information available out there today on historical mortages rates, whether they’re 30 yr, 15 yr, ARM, etc, they’re all low! And it’s rumored with another Fed meeting scheduled for tomorrow, they could go even lower. I would just like to make very clear a few points about today’s market:
-Low mortage rates
-An abundance of houses on the market for sale
-Steep decline in sales price
Now what does this mean for the buyers in Northern Virginia?? BUY. And buy now. Let’s go shopping for your new home today!
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January 28th, 2008 Categories: Buying, Financing, Keller Williams
The proposed Stimulus package by President Bush will take affect sometime before June, say reports. Aside from the obvious advantage of $600 for singles (earning less than $75K) and $1,200 for married couples (earning less than $150K), there’s an additional benefit for the housing market.
The stimulus package will help those markets - like Northern Virginia, where home prices are higher. It will aim to make getting a mortgage easier, refinancing easier, and prevent foreclosures. The package will raise FHA and VA loan caps to $725K, and would be permanent. Additionally, for those requiring a “jumbo” loan, the cap will be higher (currently $417K).
All in all, hopefully this will start easing people’s concerns and stress about getting mortgages for new homes. With the abundance of supply around, and sales prices dropping, now is definitely the time to consider buying your new and/or next home.
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January 24th, 2008 Categories: Buying, Financing, Keller Williams
It seems everytime we look up an article on CNN, WashingtonPost, etc. there’s this box with the daily mortgage rates from Bankrate.com. What do the rates show? Why do they appear on these websites?
Bankrate.com is one of the leading web resources for financial information. They survey over 4,800 financial institutions in the 50 U.S. States to find the quotes they display on charts, like the one shown above (daily quote for today, January 24th). It shows you the rate change since last week - we see above the drastic drop following the Fed rate cut. While the image above shows current mortgage rate estimates, Bankrate also provides estimates for credit cards, new and used automobile loans, money market accounts, certificates of deposit, checking and ATM fees, home equity loans and online banking fees.
*Note: In the bottom right corner of the image above, it says “rates may include points.” For those of you who don’t know what points are, here’s a brief, high-level explanation. Each “point” is 1% of the LOAN amount. By paying points, you pay a lump sum of the interest amount upfront to essentially “buydown” your interest rate for the life of your mortgage.
Bankrate has a lot of other useful information during this time of economic change. Please call me if you have any questions or would like to discuss anything!
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January 24th, 2008 Categories: Arlington, Condo Communities, Keller Williams
In hopes of making your condo search easier, I have compiled a list of sites that offer images of floorplans for condo buildings in Arlington.
Clarendon
The Phoenix at Claredon Metro: Floorplans
Ballston
Eastview/Westview at Ballston Metro: Floorplans
1800 Wilson Blvd: Floorplans
Pentagon Ridge: Floorplans
The Hawthorn: Floorplans
Courthouse
The Odyssey (Click Floorplans): Website
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January 22nd, 2008 Categories: Keller Williams
(Source: CNN Money)
Former anticipation of this rate cut predicted this to occur at the end of the month. However, with the fear of a recession quickly growing, the unscheduled Fed meeting resulted in the following rat cuts:
Federal Funds Rate (home equity lines of credit, credit card debt): 3.5%
Fed Discount Rate (bank cost to borrow money): 4%
There is some speculation that more rate cuts could be made when the Fed meets again on January 30th. Do you think this rate cut will prevent a recession? Do you think the Fed needs to take drastic measures to prevent one????
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January 16th, 2008 Categories: Arlington, Buying, Keller Williams, Properties
This Sunday we’ll be holding an Open House:
When: Sunday, January 20th
Where: The Residences at Station Square
1205 N. Garfield St Unit 708 in Clarendon
See here for more pictures and information on this 2 bed, 2 bath downtown Arlington Condo!
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January 15th, 2008 Categories: Keller Williams, Properties, Vienna
2084 Hunters Crest Way, Vienna, VA!
Visit here for more information on this gorgeous 6-bedroom, 6.5 bath estate!!
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January 14th, 2008 Categories: Arlington, Keller Williams, Selling
Beginning on, or around January 15th (tomorrow), the Department of Real Estate Assessments will be mailing all Arlington, VA property owners (including detached single family homes, townhouses, and condos) their assessed property values. All assessments are for 100% of value, meaning the assessed value = current sale price (if the property were placed on the market today). The assessment also includes last years’ property value. Formulas for calculation vary, but the Department uses adjustment factors that are dictated by neighborhood sales in order for assessed property values to equal sales prices.
If you believe that the assessed value is incorrect, there is a period of contention for your appeal (the final date of appeal should be listed on the document).
Bottom Line: The Department of Real Estate Assessments will be distributing property value assessments to all Arlington property owners that should be a comparable current market value price. If you have questions regarding your assessment, please call or email me!
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January 13th, 2008 Categories: Just for Fun, Keller Williams
January 14th-20th is Restaurant Week in Washington, D.C. and Arlington, Virginia! Participating restaurants will be offering special 3-course meals at the following prices*:
Lunch: $20.08
Dinner: $30.08
*Prices are per person and do not include beverages, tax or tip
See Complete List of Participating Restaurants Here
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January 13th, 2008 Categories: Keller Williams, Mclean, Reston
Keeping with the theme, for those of you in Fairfax County Virginia that are interested in Crime Reports, Fairfax County Police Department publishes a weekly report with incidents that occurred that week. This information can be found on their website. Their report includes:Major Incidents
Property Crimes
Animal Control
The report is good for the cities of Reston, McLean, Franconia, and West Springfield.
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January 12th, 2008 Categories: Keller Williams, Reston
Those of you thinking about safety as well as property value, might find some peace of mind in the weekly publishings of police activity for the city of Herndon, VA. Below is the link to the publishings reported by the Herndon Police Department. The public release consists of Major Incidents, Other Crimes, Serious Traffic Related Incidents, Assistance of Other Agencies, and Miscellaneous activities. On the Herndon, VA website you can find other relevant data about the city.
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January 11th, 2008 Categories: Arlington, Buying, Keller Williams
Yesterday, January 10th, when Federal Reserve Chairman Ben Bernanke was asked if we’re headed into a recession, Bernanke said that we’re approaching a time of slow growth, but not a recession. In an attempt to help the economy and mitigate any risk of a recession, there have been discussions of another possible interest rate cut when the Federal Reserve meets again at the end of this month. Experts are predicting another half percentage point decrease in rates, bringing rates to 3.75%. CNN’s article details the future of possible furhter rate cuts and provides more information.
What do you think? Do you think we’re headed or already in a recession??
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Did you know you could find KW Mclean on ActiveRain.Com too? July 23rd, 2008
Scott Montgomery and Team can also be found participating in the ActiveRain Community. For over a year now we have been an active member of www.ActiveRain.com. In the past and even today we […]
Read MoreNorthern Virginia Real Estate Prices continue to FALL… July 23rd, 2008
Northern Virginia’s year to date average real estate sales price is down from last year.
Last years average sales price was $537,339.00 and this years grand total is $482,197.00. Thats is a […]
Keller Williams Mclean Virginia Realtor Scott Montgomery pledges…. July 23rd, 2008
We will never do this to your listing….
http://www.youtube.com/watch?v=sNSWccfdO3Y
Give us a call today to learn more about how we can help you sell your property the right way.
Scott Montgomery
703-283-4524
scottmontgomery@kw.com
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Read Moremidtown Reston Town Center July 23rd, 2008
Midtown Reston Town Center is brought to you by Kettler. Check out their video below for more information on this wonderful condo community in the heart of Reston Virginia at The […]
Read MoreReston, One of the faster growing suburbs in Virginia offers Hidden Creek Country Club! July 9th, 2008
Nestled among giant hardwoods near the growing suburb of Reston, Virginia, Hidden Creek Country Club is a privately-owned, quiet and secluded oasis that’s just minutes from downtown Washington, D.C.. This information […]
Read MoreIs it time for renters to buy? Call me at Keller Williams Mclean Virginia to discuss July 9th, 2008
NBC’s Today show had a snippet posing this very question this morning and their verdict is in. In summary, LOCATION LOCATION LOCATION. Renting makes sense in areas where there is still […]
Read MoreCongratulations and Good bye to Laura Rubinchuk! July 8th, 2008
While sad for us, it is with great pleasure for her that the Real Estate Post Team announces that their very own, Laura Rubinchuk of the Keller Williams Mclean Virginia office, is […]
Read MoreREDUCED!!! Come take a look again…Vienna, 22181 July 8th, 2008
Come take another look at this magnificent Georgian Style Estate- This property boasts 6 bedrooms and 6 full baths as well as heated pool and cabana on a meticulously maintained 2 acre […]
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