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.
Blogger Va_Investor said...I can walk through a place and figure a rough estimate within 5 minutes. I have a contractor that can transform a place (including kitchen and baths) in less than a month. I have him now doing complete paint, carpet, countertops, faucets, lights, blinds, new doors and tile with a 10 day deadline.10 days? 10 Calendar days? I would love to know how you do that. Even if its 10 business days (two weeks/14 days) I'd still be interested in how you manage your GC to execute those jobs in that timeframePlease elaborate.
clear capital forecast says DC MSA will improve.
cheryl has some awesome contractors
TNTry not to forget the basic rule"Good,Fast,Cheap" Pick 2
Regarding....:FX7498640"Ya load sixteen tons and whaddya get...another day older and deeper in debt."Sorry, couldn't resist the pun when I saw the 15, count 'em, fifteen tons of HVAC sitting outside that monstrosity.Which to be fair, wasn't a monstrosity when it was originally built back in the 50's. That back end "fun room" is an obvious later addition. But hey, some vinyl siding salesman bought his vacation house with that deal.I got dizzy trying to count the windows.LOL.
Did Anyone find it amusing the arlington monster has a 1 car garage?
Thanks TN,You just reminded me that I've got to go pick out light fixtures, tile, faucets and countertop.I think he has 3 guys working all kinds of hours. The place is vacant.
pat-I will take the under on clear capital's forecast for DC. Based on the 2010 vs. 2011 comparison they seem to be putting a lot weight on what happened in the market the previous year. Although this is useful, I think macro issues will be the bigger driver of housing prices over the next couple of years.
hbpersonally i think the Clear Capitals forecast is no more then the reading of entrails.My reading of the tea leaves is the market will be mostly flat.given Bernanke and Geithner running the money press at full speed, the market will leak cash around here.S.O.B.if the market dropped another 10-15% we'd have some serious clearing.
pat,With inventory levels where they are, what "clearing" is needed?Are you thinking shadow inventory?
cherylyeah shadow inventory and frozen sellers.lots of people are sort of underwater and vaguely hoping the world will bail them out.if the market drops abit more the short sellers will come out.
Kiwi Kowboys Killer Kons
the MBH office on Lee Hwy has moved to the Harrison strip mall next to the barber shop.in its place is a big FOR LEASE sign. time has certainly changed.
Extend and pretend This is DC
pat,MBH is a large settlement and title company with many branches. It is no surprise that many, if not all, title companies have shrunk as business (closings) has dropped considerably from the go-go days of a few years ago.This was also seen during the S&L crisis of the early 90's when many builders, realtor offices, surveyors, lenders, title companies, etc. scaled way back or went out of business.As far as the article you cite; I find it hard to trust anything I read. Media often fail to fully understand or acurately report what is or will be happening on the ground.That said, I know of many non-performing loans that have not been foreclosed on. Other actions are being taken. I also know that CRE has improved and rebounded significantly in some markets. There is alot of $$$ chasing deals that are few and far between.
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