Penderbrook

Penderbrook Townhomes and Condos Weekly Home Real Estate Sales Report for 9/28/2011

MyPenderbrookHome.com

Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA

As of today (Sept. 28, 2011) there are 18 active homes in Penderbrook and 26 homes under contract and 15 homes that have sold in the last 30 days.

Here's the breakdown of all active listings in MLS:

Townhomes- 6 active
Condos - 12 active
1 bedroom condos - 3
2 bedroom condos - 7
3 bedroom condos - 2

NEW LISTINGS
According to MLS, there are 0 new listing this week!

UNDER CONTRACT
According to MLS, there are 19 Condos and 7 Townhomes under contract.

I will have the final numbers for these once they close

SOLD in last 30 days
According to MLS, 4 homes have sold in the last 30 days



Click below for Penderbrook Home Sales for 2009-2010 More Than 30 Days ago


Penderbrook Home Sales 2008 vs. 2009


Fairfax Condos Sold for 2007 vs. 2008 vs. 2009 vs. 2010

Fairfax Townhomes Sold for 2007 vs 2008 vs 2009

RENTALS
There are currently 4 condo(s) and 3 townhome(s) and for rent.

8 condo(s) and 4 townhome(s) have been rented out in the past month.


If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified. We also partner with a Property Management group that only charges 8%. They manage over 200 properties in the VA and MD area and are excellent. Ask us about this.

OBSERVATIONS
If you are thinking about buying in the next 3 months you need to Contact us today!
Keep checking back each Tuesday for more insight to what is going on at Penderbrook.



Thanks for reading our Penderbrook Real Estate Blog!
Posted by: Nate Johnson - Penderbrook Real Estate Agent
The 12:45 Team is apart of Keller Williams Realty,
specializing in Northern Virginia Real Estate.



Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.


5 First Time Home Buyer Tips for Penderbrook

5 First Time Home Buyer Tips for Penderbrook
Whether you have spent years saving and preparing to buy a home or you still aren’t sure if it is something you can even dream of, the questions surrounding a first-time home purchase can feel endless. Here are some tips to help you with the process of becoming your own landlord:

1. Pre-qualify for a loan

Being pre-qualified for a loan determines how much house you can afford. It also allows you to move more swiftly when you find the right house, especially when you aren’t the only interested buyer.

2. Shop for mortgage rates and terms

A difference of even half a percentage point can make a huge difference in how much you pay over the life of a loan. For example, the difference in the monthly payment on a $100,000 mortgage at 8 percent vs. 7.5 percent is about $35 per month. Over 30 years, that’s $12,600.

3. Use a buyer agent

A buyer agent is legally responsible for representing the buyer’s interest in a real estate transaction. Generally, the buyer agent is compensated by the seller at the time you purchase a new home. There are some limitations to using a buyer agent, however. Before you decide, have a Realtor explain the advantages and disadvantages of using a buyer agent.

4. Determine features that help or hurt resale value

In some areas, a swimming pool actually detracts from a home’s value and makes the home harder to sell. In neighborhoods with two-car, attached garages, a single-car or detached garage may impact the home sale and future value. Your Realtor can point out features that hurt, as well as those that help, resale value.

5. Rate the houses you tour

After touring each home, write down what you liked and didn’t like. Develop a rating system which will help you narrow the field down to the house that’s the best for you. Whether you have spent years saving and preparing to buy a home, or you still aren’t sure if it is something you can even dream of, the questions surrounding a first-time home purchase can feel endless. Here are some tips to help you with the process of becoming your own landlord. Ask us for a home comparison guide to make this process a lot easier.

Penderbrook Townhomes and Condos Weekly Home Real Estate Sales Report for 9/21/2011

MyPenderbrookHome.com

Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA

As of today (Sept. 21, 2011) there are 19 active homes in Penderbrook and 21 homes under contract and 15 homes that have sold in the last 30 days.

Here's the breakdown of all active listings in MLS:

Townhomes- 6 active
Condos - 13 active
1 bedroom condos - 3
2 bedroom condos - 8
3 bedroom condos - 2

NEW LISTINGS
According to MLS, there is 3 new listing this week!

UNDER CONTRACT
According to MLS, there are 13 Condos and 8 Townhomes under contract.

I will have the final numbers for these once they close

SOLD in last 30 days
According to MLS, 8 homes have sold in the last 30 days



Click below for Penderbrook Home Sales for 2009-2010 More Than 30 Days ago


Penderbrook Home Sales 2008 vs. 2009


Fairfax Condos Sold for 2007 vs. 2008 vs. 2009 vs. 2010

Fairfax Townhomes Sold for 2007 vs 2008 vs 2009

RENTALS
There are currently 4 condo(s) and 3 townhome(s) and for rent.

8 condo(s) and 4 townhome(s) have been rented out in the past month.


If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified. We also partner with a Property Management group that only charges 8%. They manage over 200 properties in the VA and MD area and are excellent. Ask us about this.

OBSERVATIONS
If you are thinking about buying in the next 3 months you need to Contact us today!
Keep checking back each Tuesday for more insight to what is going on at Penderbrook.



Thanks for reading our Penderbrook Real Estate Blog!
Posted by: Nate Johnson - Penderbrook Real Estate Agent
The 12:45 Team is apart of Keller Williams Realty,
specializing in Northern Virginia Real Estate.



Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.


What Happens To Your Credit?

So I was talking to some of our clients at one of the communities that we are doing a lot of short sales at and I am shocked at what I heard.

I found out that a meeting was held and the homeowners were given absolutely false information on what happens to their credit in a short sale. I am not sure who conducted the meeting, but this naturally would deter people from doing a short sale. 

So I wanted to fill our clients and future clients in on all the aspects of a short sale and their credit. 

If you don't believe what I am saying to be true, then I will give you the contact information to some of our past clients and you can ask them first hand!  So whats more reliable?  Someone that has gone through it or somebody trying to scare people away from doing short sales.

Short Sales = A better financial future for the homeowner.

I am a HUGE advocate for short sales. I have done one myself, I recommended and have helped my friends and family and we help many homeowners succussfully complete them. (27 for 27 with full deficiency waiver)

A few questions to ponder.

When you have a bad investment do you keep throwing money at it in hopes that it will be better or do you cut your losses, learn your lesson and start over?   A short sale allows you to start over fresh and rebuild your future. If you don't, then you will be paying hundreds of dollars more each month then you would be paying if you rented out your unit. And your stuck for the next 10-15 years until you break even. 

What do you need your credit for in the next 18-24 months?   Most of our clients are only taking a 100 point hit. Then if they use credit wisely, they start rebuilding it right away. We have had clients buy another place after 18 months of doing a short sale. We have also had clients buy cars right after a short sale. So eventually you will recover. 

How much is your credit score worth to you?  I asked myself the same question right before I did my short sale. Losing $5,000 a year for the next 10+ years was not worth the temporary 18-24 month hit on my credit.

Is it morally right to do a short sale?  I hear this a lot.  Our answer is, if you have a contract with the bank and they agree to change the terms of your contract, what is wrong with this?  Contracts can be renegotiated and changed in business all the time.  There is nothing wrong with that. So why would it be wrong to do this now?

It's a business decision!  In the end you have to look at it as a business decision. The banks are so why wouldn't you.  The banks are worried about their bottom line, so whatever they can do to minimize their losses they will do. You need to be worried about your financial future.  You did nothing wrong and did not make the economy tank and make your home lose value.  So now your faced with an option. Consider these questions and contact us for more information.

For more information on short sales go to http://www.my1245shortsale.com/

Email us
or call
703-725-2929

Penderbrook Townhomes and Condos Weekly Home Real Estate Sales Report for 9/13/2011

MyPenderbrookHome.com

Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA

As of today (Sept. 6, 2011) there are 21 active homes in Penderbrook and 21 homes under contract and 15 homes that have sold in the last 30 days.

Here's the breakdown of all active listings in MLS:

Townhomes- 6 active
Condos - 15 active
1 bedroom condos - 4
2 bedroom condos - 8
3 bedroom condos - 3

NEW LISTINGS
According to MLS, there is 3 new listing this week!

UNDER CONTRACT
According to MLS, there are 14 Condos and 7 Townhomes under contract.

I will have the final numbers for these once they close

SOLD in last 30 days
According to MLS, 15 homes have sold in the last 30 days



Click below for Penderbrook Home Sales for 2009-2010 More Than 30 Days ago


Penderbrook Home Sales 2008 vs. 2009


Fairfax Condos Sold for 2007 vs. 2008 vs. 2009 vs. 2010

Fairfax Townhomes Sold for 2007 vs 2008 vs 2009

RENTALS
There are currently 1 condo(s) and 2 townhome(s) and for rent.

13 condo(s) and 7 townhome(s) have been rented out in the past month.


If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified. We also partner with a Property Management group that only charges 8%. They manage over 200 properties in the VA and MD area and are excellent. Ask us about this.

OBSERVATIONS
If you are thinking about buying in the next 3 months you need to Contact us today!
Keep checking back each Tuesday for more insight to what is going on at Penderbrook.



Thanks for reading our Penderbrook Real Estate Blog!
Posted by: Nate Johnson - Penderbrook Real Estate Agent
The 12:45 Team is apart of Keller Williams Realty,
specializing in Northern Virginia Real Estate.



Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.


Penderbrook Townhomes and Condos Weekly Home Real Estate Sales Report for 9/6/2011

MyPenderbrookHome.com

Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA

As of today (Sept. 6, 2011) there are 17 active homes in Penderbrook and 24 homes under contract and 15 homes that have sold in the last 30 days.

Here's the breakdown of all active listings in MLS:

Townhomes- 6 active
Condos - 11 active
1 bedroom condos - 2
2 bedroom condos - 8
3 bedroom condos - 1

NEW LISTINGS
According to MLS, there is 2 new listing this week!

UNDER CONTRACT
According to MLS, there are 15 Condos and 9 Townhomes under contract.

I will have the final numbers for these once they close

SOLD in last 30 days
According to MLS, 15 homes have sold in the last 30 days



Click below for Penderbrook Home Sales for 2009-2010 More Than 30 Days ago


Penderbrook Home Sales 2008 vs. 2009


Fairfax Condos Sold for 2007 vs. 2008 vs. 2009 vs. 2010

Fairfax Townhomes Sold for 2007 vs 2008 vs 2009

RENTALS
There are currently 1 condo(s) and 2 townhome(s) and for rent.

13 condo(s) and 7 townhome(s) have been rented out in the past month.


If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified. We also partner with a Property Management group that only charges 8%. They manage over 200 properties in the VA and MD area and are excellent. Ask us about this.

OBSERVATIONS
If you are thinking about buying in the next 3 months you need to Contact us today!
Keep checking back each Tuesday for more insight to what is going on at Penderbrook.



Thanks for reading our Penderbrook Real Estate Blog!
Posted by: Nate Johnson - Penderbrook Real Estate Agent
The 12:45 Team is apart of Keller Williams Realty,
specializing in Northern Virginia Real Estate.



Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.