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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September 4th, 2008 Categories: Arlington, Condo Communities, Keller Williams, Real Estate News
Built in 2005, Clarendons 1021 holds 400+ units and has roughly 500 parking spots in an attached underground garage. Situated right next door to Station Square, in the heart of Clarendon, this building offers affordable condo living in 1, 2, 3 bedroom floor plans as well as an impressive penthouse that has views of the DC skyline and monuments . Two blocks from Clarendon Metro Station makes commuting into DC a breeze.
Special amenities include a roof top pool, on site security guard and sign in desk, club room with wall mounted flat screen TV’s, small internet cafe style areas with couches and tables and computers and internet access, living room style receptions areas and elevators for easy access to upper levels. Security doors prevent unwanted loitering or guests from gaining access to the building. The building has a very cohesive community and often has roof top pool parties all the residence can attend. It has been shared with me personally that a lot of the residence love the sense of community this building offers.
My team recently toured this building with a client and can offer you the same thing, give us a call today so we can show you all this building has to offer. Check out www.clarendon1021.net to see where the picture above is from and to learn more about the community.
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August 29th, 2008 Categories: Real Estate News
I was looking around at a great website www.city-data.com for information on Restons home sales and to my surpise I learned so much more about the demographics of this steadily growing zip code and surrounding city. By there calculations Restons home sales are on the rise and I thought that was worth sharing, here is a snapshot of one of their charts.
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August 14th, 2008 Categories: Keller Williams, Real Estate News, Reston
Reston is a Planned Community in Northern Virginia. Today’s Reston is the product of the vision of Robert E. Simon, Jr. and the Mobil Corporation. It is the nation’s best known and most successful planned community, or New Town, as they are often called. Planned Communities integrate every aspect of human life including the social and economic, education, health services, recreation, religious institutions, industrial facilities and commercial centers. Placement of roads, utilities and housing are predetermined for the entire development in advance of construction. Housing is provided for a variety of income levels. The planned community movement started in Great Britain in the late nineteenth century and spread to the United States after World War I. During the 1930s, the U.S. government sponsored planned communities called “greenbelt towns.”
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August 14th, 2008 Categories: Real Estate News, Vienna
click picture to see bigger version..Its worth it!!!
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August 13th, 2008 Categories: Entertainment & Lifestyle, Real Estate News
Homes that have Fiber get more attention as today’s consumers are more reliant on high speed access for many reasons. Even homes that are passed by fiber would naturally have more appeal.
And overall consumers are happier with the service aspects of having Fiber vs. other technologies.
If you are about to market your home for sale, or purchase one that is either Fiber ready or Fiber enabled, you should stay up on the great resources at www.ftthcouncil.com a non-profit education organization.
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July 31st, 2008 Categories: Arlington, Keller Williams, Real Estate News, Selling
We promoted here, there and everywhere. We showed it a dozen times. We held open houses and surveyed the daily usage of our lock box and finally YES finally we got an offer! Scott and his team massaged his buyer such that the price our client wanted was met and the deal is closed. Were excited about the buzz. it seems this market, allbeit a buyers market, still has a few to sell here and there. Check out this amazing value here: http://slideshow.mris.com/slideshow.cfm?ListingKey=10446355975
Thanks for visiting our site and please call us today! Were happy to list your property, help you find a property or even familiarize you with an area before you buy. Simply call and we’ll be there for you! 703-283-4524 or scottmontgomery@kw.com
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July 31st, 2008 Categories: Condo Communities, Fairlington, Real Estate News
We recently had a customer buy into an amazing condominium development in Alexandria Virginia. Just a few miles down the road from Fairlington Villages (SW on route 395) there is a small community know as Cameron station.
This neighborhood boasts single family homes, townhouses and condominiums. Scott and his team had the pleasure of selling one his first time home buyers a condo in this quaint neighborhood. After months of endless searches this development satisfied all of our clients wish list and more. Come one Come all to Cameron Stations 10 year anniversary party: Below is a snippet from their website inviting you and yours.
ameron Station is celebrating its
10-Year
Anniversary on
September 19-21, 2008.
Join your neighbors in
celebrating ten years of
community in Cameron
Station. See below for
information about the
individual events, how to
register, and how to
volunteer. We request that you register for all Friday and Saturday events.If you have questions about the celebration or want to volunteer to help, please send an email to anniversary@cameronstation.org
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July 31st, 2008 Categories: Buying, Real Estate News, Reston
Situated around the north side of Lake Newport in Reston Virginia (20194) this community boasts beautiful homes with an elegant yet casual feel, perfect for you to let your hair down or have formal guests over for a visit. Currently there are 2 on the market ranging from $950K to just under $1.3m.
Long and Foster ’s Bonnie Haukness offers: http://slideshow.mris.com/slideshow.cfm?ListingKey=90001648766
Remax’s Casey Margenau offers: http://slideshow.mris.com/slideshow.cfm?ListingKey=90005206136
As a local resident to Reston I recently took a jog on the path the winds its way around this calming setting- Here a couple snapshots I took with my IPhone or found via the web that really show the serenity of this amazing oasis. Call me today if you’d like to learn more
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July 30th, 2008 Categories: Real Estate News
Interesting article post in the New York times on July 24 that shared with its readers the possibility of radiation being omitted from some granite counter tops- YES… RADIATION!!!
“SHORTLY before Lynn Sugarman of Teaneck, N.J., bought her summer home in Lake George, N.Y., two years ago, a routine inspection revealed it had elevated levels of radon, a radioactive gas that can cause lung cancer. So she called a radon measurement and mitigation technician to find the source.
Using devices like the Geiger counter and the radiation detection instrument Stanley Liebert measures the radiation and radon emanating from granite like that in Lynn Sugarman’s kitchen counters.
“He went from room to room,” said Dr. Sugarman, a pediatrician. But he stopped in his tracks in the kitchen, which had richly grained cream, brown and burgundy granite countertops. His Geiger counter indicated that the granite was emitting radiation at levels 10 times higher than those he had measured elsewhere in the house. The granite, it turned out, contained high levels of uranium, which is not only radioactive but releases radon gas as it decays. “The health risk to me and my family was probably small,” Dr. Sugarman said, “but I felt it was an unnecessary risk.
It’s not that all granite is dangerous,” said Stanley Liebert, the quality assurance director at CMT Laboratories in Clifton Park, N.Y., who took radiation measurements at Dr. Sugarman’s house. “But I’ve seen a few that might heat up your Cheerios a little.”
check out : for more on the story: http://www.nytimes.com/2008/07/24/garden/24granite.html?_r=2&ref=health&oref=slogin&oref=slogin
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July 28th, 2008 Categories: Buying, Entertainment & Lifestyle, Real Estate News
Representatives from NVARS government affairs committee met with VDOT in June 08 to discuss the ‘Hot lanes project’ and apparently this is going to be a win-win proposal that will go into affect in 2013.
Implemented in 5 other major cities the project will create new HOV lanes that allows commuters to pay their way on. When traffic goes up so will the price of the tolls and when traffic goes down the price decreases with it. The project will renovate over 50 bridges and miles of dated travels lanes in our area over the next few years and will undoubtedly improve the commute for millions of folks in our area. Paying wont be complicated either, E-Zpass will get in on the deal and sensors will debit the charges automatically. This will eliminate the need for toll booths and be a great way to keep the process streamlined.
Move to Northern Virginia today, Were advancing our lifestyles and improving our residence lives.
In a buyers markets need I say more?
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July 28th, 2008 Categories: Arlington, Commercial, Fairfax, Financing, Property Values, Real Estate News
For most Nothern Virginia homeowners property taxes were increased on July 1. In addition local jurisdictions may also increase the commercial poperty tax rate by as much as .25 cents per every $100.00. Fairfax and Arlington countoes have increased commercial property taxes .11 cents and 12.5 cents respectively in their 2009 budgets.
Residential tax rates in:
1. Arlington County is .848 cents per $100
2. Fairfax Counbty is .92 cents per $100.
3.City of Alexandria is .845 cents per $100.
4. Town of Herndon is a whopping $1.16 per $100.
For more information on this or other real estate questions please call or email us today!
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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 23rd, 2008 Categories: Keller Williams, Mclean, Property Values, Real Estate News, Single Family Homes, Tools and Resources
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 10.26% decrease. Ive had several customers negotiate listing prices down but what happened to 3-6% being the popular percentages realtors liked to promote as an almost automatic decrease when submitting an offer.
Are we going to continue to dip or will perhaps….the pending presidential election or other factors…. help bring us back into a place where values start to increase again?
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July 23rd, 2008 Categories: Real Estate News, Reston
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 Reston Town Center.
Please contact Scott Montgomery for availability and to set up a showing for this or any Reston, Virginia property today!
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July 9th, 2008 Categories: Real Estate News
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 was captured www.hiddencreekcc.com….
Members come from all walks of life yet all share an enjoyment of all the wonderful amenities that a country club like Hidden Creek has to offer. These include the 18-hole Ed Ault designed golf course, the practice facilities, plus the clubhouse, pool, and tennis courts. While many members have been part of the Hidden Creek family for decades, the club is particularly suited to parents who want the family to enjoy all that a country club has to offer.
Call Scott Montgomery today to learn more about the buying , selling or renting housing opporutnities that surround this undiscovered oasis!!! 703-283-4524(cell).
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July 9th, 2008 Categories: Real Estate News
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 room for a decline in real estate prices (Northern California and the New York tri state areas) but in other areas such as college towns and areas where younger generations are populating (Upstate New York, Texas, and certainly the Washington DC metro area) buying maybe a great idea IF:
1. Your credit is strong and you’re getting a good interest rate.
2. The rule of 15 (your annual rent times ‘15′ equalling your price point to buy while still satisfying your living condition requirements)
3. You steer clear of any funky mortgage options- stick with a 15/30 year fixed- fancy funding has gotten us in the mess most areas are in today so lets avoid past mistakes
4. Plan on the long term investing to make it profitable (equity gains) for your future.
If you want to discuss further please feel free to give me a call today! 703-283-4524(cell)
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July 8th, 2008 Categories: Keller Williams, Real Estate News, Selling, Vienna
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 hill top lot situated at the end of a cul de sac. We have motivated sellers who want to pass this gem, that they have called home for many years, to the perfect suitor…YOU!! Call me today to schedule a showing.
http://www.homevisit.com/tour/vtour.asp?id=28608
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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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May 28th, 2008 Categories: Real Estate News
Scott’s most recent satisfied first-time home buyers just bought this beautiful end-unit brick-front townhome. Easy access to 29,50,66,7100. Freshly painted, new granite countertops in gourmet kitchen, new deck and brick patio, and impeccably maintained! Three bedrooms and 2.5 baths. Unit has 1,542 square feet, a bright and open floor plan, and a large master bedroom and master bath with large Jacuzzi tub.
Call us today to help you find your new home in Fairfax and/or surrounding areas! 703.283.4524!
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May 23rd, 2008 Categories: Real Estate News
Looking for a more upbeat celebration of Memorial Day? Check out the details below on the Jazz Festival in Alexandria.
Where: Fort Ward Park
4301 W. Braddock Rd.
Alexandria, VA 22304
What: Free Jazz Festival, Featuring big band, swing, contemporary jazz music - a different band each hour
When: Monday, May 26th, 1-7pm
For more info, or for inclement weather changes, visit their website.
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May 22nd, 2008 Categories: Real Estate News
With the best location in Reston, the condos at Reston Town Center are nearby to 267, 66, and 495, not to mention any store and/or restaurant you could want to frequent, I wanted to take a look at how their sales have been this year. So far the big sellers (units sold in parenthesis): Northgate (7), Stratford (7), Parc Reston (6), Savoy (6), Market St at Town Center (4), Bentana Park (4), Lincoln Park (3), Carlton House (3), and EdgeWater at Town Center (3).
For 1 bed, 1 bath condos:
Average NET Sales Price: $211,822
Average DOM: 90
For 2 bed, 2 bath condos:
Average NET Sales Price: $347,918
Average DOM: 76
For more details on specific buildings, amenities, or price details, give us a call!! 703.283.4524
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May 15th, 2008 Categories: Just for Fun, Keller Williams, Mclean, Real Estate News
This Saturday, May 17th, 2008, we will be giving away free Nationals Schedules (Magnets for the fridge) and candy for the kids to everyone that stops by the Red Keller Williams Realty booth at McLean Day!! We will be close to the entrance (there’s only one!) so you can’t miss us! Stop by and say hi, as you go explore all that this fun-filled day has to offer!!
The gate opens at 11am and will stay open until 5pm. Festivities include carnival and midway games, field games, a magic and dog show, Arts and Crafts displays, pony rides, hayrides, and an international food court (crab cakes, pizza, hotdogs, candy apples, funnel cakes, Chinese cuisine, ice cream, and all the regular fare food you come to know and love!). There will be free shuttle service running from the MCC parking lot, McLean Baptist Church, and Redeemer Lutheran Church.
Festivities will be held at Lewinsville Park at 1659 Chain Bridge Rd - Free Admission!! Come stop by and say hello to the new Keller Williams office in McLean!
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February 13th, 2008 Categories: Keller Williams, Real Estate News
The latest attempt to stunt a recession? Project Lifeline.
The goal? To postpone foreclosures for an extra 30 days to allow defaulting borrowers a chance to state their case for maintaining possession of their homes.
The process? Citigroup, Washington Mutual, Countrywide, Bank of America, JPMorgan Chase, and Wells Fargo will contact borrowers who are 90 days or more behind on their payments to discuss new terms IF they’re still interested in maintaining ownership in their home and IF, and this is a BIG if, IF they’re current economic status qualifies them a “lifeline,” or second chance. If and when the borrowers make 3 consistent months payments, these newly established terms will become permanent.
The “Solution”? Time will tell! It’s hard to tell what this will do to help fend off increasing foreclosure rates around the U.S.
What happens to those who don’t qualify? Their foreclosures are likely to continue. Mortgages who default, even after their new terms?? They’ll contribute to foreclosure rates also.
It’ll be interesting to see how and if these recession “medications” help. What do you guys think? Helpful? Giving mortgages an extra 30 days to live without paying? A brilliant idea??? Let me know!
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February 12th, 2008 Categories: Keller Williams, Real Estate News
How did the Northern Virginia* area do during the month of January? Let’s take a look:
January 2008 Home Sales
Detached: 299
Attached: 201
Condo/Co-ops: 216
Total January Sales: 716
Average Days on Market: 123
Total Active Listings: 8,939
Average Sales Price: $486,060
Median Sales Price: $400,000
YTD Sales Volume: $348,018,904
All numbers and figures courtesy of NVAR’s January 2008 Market Summary Report.
Compared to January 2007, 2008 Average Sales Prices are about 7% less, but there was also about a 29% increase in SUPPLY (active listings), explaining why sales prices were slightly lower - more bargaining power!
(*Northern Virginia area includes the counties of Fairfax and Arlington, and the cities of Alexandria, Falls Church, Fairfax; and the towns of Vienna, Herndon, and Clifton.)
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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 […]
Read MoreMid Town North- Reston Town Centers Finest September 17th, 2008
Welcome to a great presentation I found on You Tube that offers terrific video footage of Reston’s, Mid Town North condominiums. The Kettler CMO and sales team that created this presentation are doing a […]
Read MoreThe Odyssey, Arlington Virginia’s not so hidden gem September 4th, 2008
Standing over 12 stories tall and located in the heart of Arlington Virginia this high tech looking, contemporary condominium building has terrific view of the DC skyline, especially from the […]
Read MoreThe Wooster and Mercer Lofts- Centered between Rosslyn and Courthouse Metro stops September 4th, 2008
Situated practically in the middle between Arlington’s Rosslyn and Courthouse metro stops the Wooster and Mercer Lofts are available for sale now. Boasting anywhere 10-18 foot high ceilins in most […]
Read MoreClarendon 1021- Great sense of Community in Arlington Virginia September 4th, 2008
Built in 2005, Clarendons 1021 holds 400+ units and has roughly 500 parking spots in an attached underground garage. Situated right next door to Station Square, in the heart of […]
Read MoreStation Square: The Heart of Arlington, Virginia September 4th, 2008
Built in 2006, this cluster of 3 condominium buildings hold 300+ units and have roughly 600 parking spots in an attached underground garage. Situated in the heart of Clarendon these […]
Read MoreReston Virginia, 20194 Home Sales are on the Rise August 29th, 2008
I was looking around at a great website www.city-data.com for information on Restons home sales and to my surpise I learned so much more about the demographics of this steadily growing […]
Read MoreRestaurant Three (3) Clarendon August 25th, 2008
Saturday night my wife and I, with a few close friends, enjoyed an amazing atmosphere and dinner at Restaurant 3 in Arlington Virginia. Situated in small corner of the block that Station Square condominiums […]
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