"The economy is in a free fall"; "people are losing their houses by the bushel"; "unemployment is at record highs etc, etc, etc". You would think with these types of headlines there would be foreclosed homes on every block! Right??? Not if you are looking for foreclosures in the Northern Virginia area more specifically in the Loudoun and Fairfax county areas. If you are lucky enough to find a foreclosed home don’t be surprised to see multiple offers all above asking price. So, if … [Read more...]
2010 Mid–Year Housing Report for the Northern Va DC Metro Area
July 29, 2010 By Leave a Comment
The latest 2010 Mid Year housing report from MRIS paints a very rosy outlook for the DC metro and Northern Va real estate markets. Here are a few of the highlights from this quarters housing report: Inventory—The number of units for sale (single family, townhouses, and condos) continue to be very low. Currently the Washington DC area has less then 5 months worth of units. In some areas like Loudoun County, Fairfax County, and Falls Church have less then 4.5% months of inventory. Six months … [Read more...]
Is Your New Home a Lemon?
June 27, 2010 By Leave a Comment
You’ve done your homework, you checked out the schools, neighborhood, traffic patterns; you have even Googled your neighbors. When you move in however, you start noticing that your home is well…. not up snuff. First its just minor stuff, nail pops, trim work, closet door not fitting right, maybe a wrong fixture or two. As you start living in your home you notice more and more problems some major. You then talk to your new neighbors and find out that they too have been having quality issues. … [Read more...]
Is the New HAFA Short Sale Program good for you?
April 5, 2010 By 1 Comment
Is the new Home Affordable Foreclosure Alternatives Program (HAFA) good for you? If the thought of foreclosure or Short Sale has ever crossed your mind then you will want to know more about the new HAFA program rules. Let’s start with a quick definition of a Short Sale. In brief, a Short Sale is when the lender allows the borrower to sell their home for less then is owed by the lender. It is very important to note that some lenders forgive the balances owed while others require some sort of … [Read more...]
Snapshot of Residential Real Estate Sales Around the Northern Va Area
March 29, 2010 By Leave a Comment
Here is a quick snap shot of recent residential sales in our local area over all the last 30 days or less. Less than $300,000 $300,000 to $499,999 $500,000 to $699,999 More Than $700,000 Ashburn $200,000 Ashburn Farms 45050 BRAE TER #201 2 bd 2 ba 2 DOM Foreclosure $305,000 Ashburn Farms 20601 Preakness Ct 3 bd 2 ba 18 DOM Traditional Sales $600,000 Ashburn 43874 HIBISCUS DR 6 bd 4.5 ba 86 … [Read more...]
Chuck Rifae Associate Broker PenFed Realty Group 571-207-6390 Entrepreneur, Real Estate Broker, Avid runner, and soccer dad! 
