September 29th, 2008 Categories: Arlington, Buying, Commercial, Condo Communities, Entertainment & Lifestyle, Fairfax, Fairlington, Falls Church, Financing, Great Falls, Just for Fun, Keller Williams, Mclean, On The Town, Properties, Property Values, Real Estate News, Reston, Selling, Single Family Homes, Vienna
I was reading the actual bill that describes our ‘$700B bail out’ and WOW is what comes to mind. This should be the cause for an amazing change from the mortgage lock-down we’ve been experiencing the past few months.
If I had a crystal ball and wanted to assure my buyers of when it was a good time to buy, I would suggest that once this bill passes (there is a clause that requires implementation start within 60 days) that later this year early next will be the best time to buy on almost all fronts. Interest rates should remain low, prices should remain low and because of this bill, prices should stabilize. Stabilizing of prices and the churn of new buyers could potential be the perfect storm for equity gains to start again….
Call me today if you’d like to discuss my interpretation or yours. I’d also call your bank and see what they can do for you- this would be EXACTLY what the point of all this is to drive.
Ive attached a snippet of the actual bill that highlights some interesting change potentially headed our way.
“SEC. 109. FORECLOSURE MITIGATION EFFORTS.
…MODIFICATIONS
In the case of a residential mortgage loan, modifications made under paragraph (1) may include—(A) reduction in interest rates (B) reduction of loan principal; and(C) other similar modifications.
TENANT PROTECTIONS.—In the case of mortgages on residential rental properties, modifications made under paragraph (1) shall ensure—(A) the continuation of any existing Federal, State, and local rental subsidies and protections; and(B) that modifications take into account2 the need for operating funds to maintain decent3 and safe conditions at the property.”
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July 23rd, 2008 Categories: About Us, Keller Williams, Mclean, On The Town, Real Estate News, Tools and Resources
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 continue to offer valuable exciting information about Northern Virginia Real Estate and are proud to announce we rank #1 and are the featured member of Mclean Virginia Realtors. Click here to see what the buzz is about. Be sure to look back over the year for new and old information that may help you make informed decision about real estate.
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July 4th, 2008 Categories: Condo Communities, On The Town, Real Estate News, Reston
The buzz is out! Reston Virginia’s short kept secret is slowly being unveiled to everybody looking for value! The Paramount condominiums.
This magnificent High Rise Condominium has it’s penthouse suite and plenty of other units for sale even as I share the news today. Come home to a purely indulgent high rise condominium style of living. Your prices vary according to features and are anywhere from low $400’s to over $1 mill.
Built in 2005 this fairly new construction boasts all of the modern day amenities one would expect in a premier location like the Reston,Virginia. Granite, Marble, 9″ ceilings, stainless etc. these units have it all. And are less than a block from the shops and eateries of what is growing to be one of Northern Virginia most popular shopping mecca’s, The Reston Town Center. No matter what you like The Paramount is sure to please when youre looking for that special one of kind place to live.
Please call me today to set up a time to show you in person the wonders of The Paramount at The Reston Town Center. 703-283-4524
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February 7th, 2008 Categories: Arlington, Keller Williams, On The Town
Many of you are questioning what’s going on at the old Clarendon Center on Clarendon Blvd in Arlington. It’s especially relevant to me since the condo I have listed at 1205. N. Garfield is next door! Sources say that the development project will create the following in the area between N. Highland St and N. Garfield St and Clarendon Blvd:
A 12-Story Residential Building
A 9-Story Office Building
6-Story Office Building (Back side, facing the car lot across from 1021 Clarendon)
And a slew of retail space on the ground floor
The planned opening is mid-2010.
The picture above is a sketch of the future building, taken from the Arlington Economic Development website.
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The BEST Time to Buy Northern Virginia Real Estate … September 29th, 2008
I was reading the actual bill that describes our ‘$700B bail out’ and WOW is what comes to mind. This should be the cause for an amazing change from the mortgage lock-down […]
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