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The Inside Scoop about Today’s Real Estate Market – Jan 2014

You know what’s interesting?

I find the latest statistics published about our Real Estate Market interesting.  I find them interesting, but in a confusing kind of way.

Thanksgiving was 2 months ago...

Thanksgiving was 2 months ago…

Not only are those statistics for LAST MONTH (remember, when we were busy celebrating Christmas?), but those statistics reflect the homes that SOLD last month.  Those homes that sold (i.e. closed) last month actually went under contract probably before or around THANKSGIVING.

So, what do the numbers from the Thanksgiving timeframe have to do with today’s market status and its future?

Well… not much… and that’s what’s confusing.

The good news is that we can see the true picture of the Real Estate Market today – although not through the statistics.  We can see the true picture right from the trenches. Continue Reading…

My Predictions for 2014

Welcome to 2014!

A client of mine, Dee, asked me last week what I thought would happen this year with the real estate market in Fairfax County, VA.

My predictions in 2014

My predictions in 2014 include calling the SuperBowl champs

As I said to Dee, I wish I had a crystal ball and I knew for certain what would happen in the future because I’d be on my way to purchasing a lottery ticket with my favorite numbers.

Sadly, nobody really knows what is going to happen in the future, but we can make predictions… (that is … educated guesses).

Here are my predictions for 2014 which affect the real estate market in our area: Continue Reading…

Is the Real Estate Market in Fairfax County crashing?

I recently received a question from a client trying to decide whether to move soon.  The question was about why there were currently so many homes for sale in Fairfax County (especially compared to previous years).

Single Family Detached Home on the Real Estate Market in Fairfax County

Is it a good time to buy a home in Fairfax County, VA?

And it is definitely a good question, especially if what we’re trying to figure out if the real estate market in Fairfax County is heading for a crash.

So, the question that we could answer is:

Is the Real Estate Market in Fairfax County crashing?

Firstly, we could see how many homes are active on the market (i.e. not under contract).

How many homes are available for sale? Continue Reading…

The 7 Best School Boundaries For Your Buck

Last Spring, when Andrea and Pete were moving to Fairfax County, they wanted the best possible school for their daughter, Haley.

Choosing the best (and most affordable) school boundary

Choosing among the best school boundaries

But, like most of us, they had to stick to a budget so their challenge was to find the school boundary with the best schools, while still keeping to their budget.

When they started their search, they focused on school rankings

For school rankings, they looked at The Ultimate Fairfax County High Schools Ranking©* (which compiles rankings from The Challenge Index,  average SAT Scores,  as well as the Virginia SOL  (Standards of Learning) Test Results).

This way, they had a list of Fairfax County Schools ranked by academics.  But can they really afford to buy in any one of these boundaries?

Next, they looked at the affordability of homes Continue Reading…

Why September is a great month to buy a home

A few months ago, back in December of 2012, I wrote about how it was the best time to buy a home* (and it turns out that I was more right than I thought!).

Unfortunately, at the time, I didn’t give enough fair warning and it was hard to actually find a suitable property to purchase in such short notice.

So today I’m giving you fair warning:

The next best time to buy a home at a great price is coming up Continue Reading…

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