Continuing to examine and hold a lively discussion of the Northern Virginia Real Estate market.
Please post your local house search updates, MLS finds, on-topic ideas, and links here.
Honestly, if your stuck-in-the-80s house doesn't sell after months on the market in 2008 because it's overpriced, and assessments have declined since then, why would you wait until the summer slowdown in 2010 and list at the same price?Greed or cluelessness?A brand new build, bigger, more attractive, with what I'm sure is a better floor plan, and finishes you can customize, is still for sale just a few blocks away, for just a little more. I notice the listing agent hasn't been too active. I wonder why...
Calling Designed to Sell!This looks as if it could be a very nice house (though overpriced--and no updates apparently since it was built) but it is hard to tell because the owner has stuffed every square inch with furniture and accessories.Dunn Loring house
In case you didn't know, now's the Absolute Best Time to Buy a Home, according to Jim Gillespie.
Fannie to pursue strategic defaulters. Pay up, freeloaders, enough tax money already.
novahog-I was laughing about that article too. It may be true in some regions of the country, but clearly there have been many times in the past that were better to buy in this area and there will likely be better times in the future.
Ace-Regarding your first house they delisted it in 2008 at $1.15MM and just relisted it at $1.05MM, so you are right it is probably still over priced, but they did drop the price by $100K, which is at least a move in the right direction. If they do another couple of those moves they would be in good shape :)
Ace-I agree completely about the Dunn Loring house needing to get rid of a ton of their stuff. I think they also have a significant price problem. This house is house is just across the street. It sold in November for $130K less and is about 20% bigger. They appear to have similar upgrades. So I would think the house is almost 200K overpriced.
HB, oops, you're right, my eyes aren't what they used to be! Thanks.
Re: Dunn Loring, Actually, HB, I think the house you linked has a nicer kitchen. I don't think the one on the market now has done anything since the house was built - other than nice landscaping and maybe hardscape outside. ITA about the magnitude of overpricing.
Ace,Some well spent cash would make a big difference in that Arl house.Get rid of the cheap builder light fixtures. New bath vanities w/granite tops, new faucets, mirror(s), lights and hardware.SS appliances? How about some color on the walls?
novahog, it would be funny if someone with too much time on their hands would search for all of the "now's the best time to buy" articles out there, over time. You can probably find one written in every year for the past 30 years.
Va_I, agreed, but I think they need to do more than that (e.g., get rid of the dark paint on baseboards and trim, new window coverings), plus reduce the price. Or reduce the price enough so that someone who wants to redecorate and upgrade to their own taste will be attracted. It is a good sized house in a nice area.
Ace,Agree on the ugly trim paint. Walls should have tasteful colors and trim should be gloss white and consistent. Not that it should matter, but I HATE the decor. Reminds me of my in-laws house in New England.Front holly trees need to be trimmed or removed. They overwhelm the entrance. Rose of sharon in rear needs a good trim. Driveway sealcoat? Did you notice the cheap ceiling fans?
VA_I, totally agree. Not my taste at all either. But at least it's uncluttered so at least some buyers can easily see the potential!
In the Arlington house, some of the pictures are dated 2006 and 2008. Laziness? Not knowing how to work camera? Hiding current condition?If you're going to use old pictures in your listing, you should probably use ones without dates on them.
Ace,For about a hundred bucks you can get a decorator from Duron to come over and select all the paints. Ours even had some excellent advice on some other matters.
Except for the price tag, busy street, and kitchen that is not open to a family room, I really like this DC house:Federal updated
this N Arl REO is finally sold. many here didn't like it when it was first posted. but i thought the bank got a decent deal.what's interesting is it's listed at5/23/2008 $1,249,900for 518 days with no sales, but in the end sold for $1,230,000.
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