Arlington Virginia Blog 
Buyers Get Slapped Around with Terrible New Appraisal HVCC Rules and AMCs
Wednesday, June 10th, 2009 at 11:09am. 516 Views, 10 Comments.
Buyers Pay More $$$ for Slower and Less Accurate Appraisals With New HVCC Rules and AMCs--DRAMA!
So the new HVCC (home valuation code of conduct) came out May 1, 2009 and have had a profoundly negative impact on consumers, appraisers--at the least the best, most established ones, real estate agents and sellers. yes you heard that correctly--sellers are being hurt by this overreaching by a federal bureaucrat Andrew Cuomo who himself received big $$$ from AMC (appraisal management company) interests.
Now most large lenders are being required to use AMC--appraisal management companies--to get appraisals done. The AMCs are a 3rd party--an extra layer of bureaucracy for consumers to pay for and wait for--through which lenders now order appraisals. …
Highview Park Townhouses Hit Market in Arlington Virginia Real Estate Yorktown High School District
Wednesday, May 20th, 2009 at 6:59am. 476 Views, 5 Comments.
New Luxury Highview ParkTownhouses Hit North Arlington VA Market in Yorktown High School District
A new Arlington Virginia townhouse for sale community called Highview Park townhouse at 2026 Culpeper N just hit the market in North Arlington in the Yorktown High School district homes for sale. At 1st I thought this was on the east side of Glebe directly north of Ballston Mall and metro. I was thinking this is crazy and a bomb on the market where the builder is underselling resales in the area because he can. This happened at 1800 Wilson condo 3 years ago when everything else was on the market for $385,000 they hit the Clarendon real estate for sale market for $350,000. That post on 1800 wilson has been viewed 22,000 times since....
Here's some photos…
Lender Drama, Appraisals and What You Can Do to Prevent
Friday, May 1st, 2009 at 10:03am. 590 Views, 8 Comments.
Latest Market Trends for Arlington Virginia Mortgages and Appraisals
Being a real estate blogger I'm on the front end of the market on many fronts. Telling people towards end of 2005 to NOT BUY ANY new construction Arlington condos was an example as well as my warning that prices would fall big time in North Springfield real estate due to a 40% swell in inventory a couple years ago. When you blog about the local Northern Virginia real estate market and Arlington you have to stay on top of things. Not to mention the JustNewListings.com team has about 6 homes under contract right now so we've got our pulse on the market more so than other realtors.
I've seen a lot of low appraisals this year and a lot of late appraisals as of the last few weeks. My…
The Blond Bombshell Lawyer Who Loved Me...NOT!!!
Friday, April 24th, 2009 at 8:43am. 501 Views, 0 Comments.
The Latest Examples of Floaters Losing Their Shirts...and Pants
A Couple of Arlington Condo Floater Stories Hit Home
I've written about Virginia real estate floaters in the past. They go out on their own and buy real estate directly from the builder or through the listing agent instead of having an excellent real estate consultant on their side to protect them financially, negotiate the price down and help them avoid big mistakes. That's the job of a selling agent which is the technical name of the buyer agent. We don't sell real estate--at least the good ones don't. We consult and advise our clients--hopefully with the same care and analysis we'd offer to our own mothers. At least that is the standard I use.
The woman who inspired this…
Update on Virginia Short Sales--Fake Listings or Great Opportunities?
Thursday, April 23rd, 2009 at 6:33am. 721 Views, 0 Comments.
Update on Virginia Short Sales--Good, Bad & Ugly Curveballz!
Quick History of Short Sales in Northern Virginia
When I first wrote about Northern Virginia short sales October 2007 (scroll to bottom of article for bulleted advice) they truly were the wild wild west of real estate. I mean seriously there were no rules and the best advice was run like heck away from any and every short sale. The norm was a desperate seller looking for a guinea pig contract to take to their bank and bef for mercy asking the bank to accept less than the balance on the mortgage note. The bank would take 4-12 weeks to respond to the contract on the table while the buyer hung in limbo so they could almost always receive a resounding "No!" from the bank. So the…
Announcing Foreclosure Listings and Links by City for Northern Virginia/DC
Wednesday, March 4th, 2009 at 3:14pm. 1273 Views, 2 Comments.
Northern Virginia Foreclosures and REO Homes for Sale
It's almost done--a great resource for viewing Northern Virginia foreclosures for sale and Washington DC foreclosures and REO properties for sale. Bookmark it, or share it on facebook, digg it, delicious it, etc.
| Alexandria VA foreclosures | Annandale VA foreclosures | Arlington VA foreclosures |
| Burke Virginia Foreclosures | Centreville foreclosures | Chantilly foreclosures |
| Clifton Virginia Foreclosures | Fairfax Foreclosures REO | Falls Church Foreclosures |
| Great Falls | Herndon | McLean |
| Oakton | Springfield Foreclosures |
Sterling |
| Vienna foreclosures |
Woodbridge | Washington DC foreclosures |
If you want another city added let me know!
jay
[snippet]…
The Disappearing Arlington Condo Views in Ballston & Clarendon
Thursday, February 26th, 2009 at 11:50am. 1255 Views, 0 Comments.
Disappearing Views for Top Arlington Condos in Clarendon & Ballston
I just went under contract on a 2/2 1150 sq ft condo on the 16th floor in Continental condo in Arlington VA. One of the issues was the soon to be constructed retail/office buildings across the street. How high would they be--2 office buildings replacing the Bob Peck Chevrolet & Staples buildings? Would the buyer's view be obstructed? We encountered same question at Station Square condo for sale as well with several new buildings well under way so that many units there were also losing their views. These are the types of questions you want to get your own answers for--that is for sure.
Imagine Losing Your Arlington VA Sunset Views From Your Condo?
wickdgin photo for sale prints,…
President Obama's Stimulus/Foreclosure Bill--The Disturbing Reality
Friday, February 20th, 2009 at 8:11am. 1368 Views, 4 Comments.
The Disturbing Reality of President Obama's Foreclosure Bill/Policy
[for the full editorial by Wall Street Journal click here]
Re-default rates are 55% after six months
SEE BOTTOM OF PAGE FOR THE ARLINGTON FORECLOSURE LISTINGS FOR SALE
President Obama yesterday announced his plan to prevent home foreclosures, saying he wanted to be "very clear about what this plan will not do: It will not rescue the unscrupulous or irresponsible by throwing good taxpayer money after bad loans . . . And it will not reward folks who bought homes they knew from the beginning they would never be able to afford."
AP
"We really do wish he were right. In fact, the details released yesterday suggest the President's plan will do all of the above. The plan will…
1800 Wilson Condo Bomb Hits Arlington VA Real Estate
Thursday, February 12th, 2009 at 3:42pm. 22156 Views, 71 Comments.
(NOTE--THIS POST WAS REALLY FROM MARCH 2007 SO YOU CAN SKIP IT UNLESS YOU WANT A GOOD LOOK AT THE BUILDING) Sorry about that--the transition to the new website/blog has had a few hiccups.
A bomb of sorts just hit the orange line Arlington VA condo market. It's called 1800 WILSON condominium. Many owners just lost $25,000+ instantly....The good news it's somewhat temporary and only affects knowledgeable buyers so that leaves a LOT of buyers left for you to sell your condo at the price you had been thinking. For those buyers "in the know", they will not pay the same for your orange line condo for awhile. Why? Because 1800 WILSON condominium just delivered with 25 more units to sell. Probably many of those are from freaked out investors who backed…
Investor Alert for Positive Cash Flow on Arlington Condo Investment Property
Wednesday, February 4th, 2009 at 8:12am. 521 Views, 0 Comments.
Investor Alert for Arlington Condo Investment Property
Occassionally I stumble across listings that strike me as compelling investment opportunities or good deals for buyers looking for primary residence. So I've decided to add a category to this blog on just that "Investor Alert / Deal of Week" for occassionally putting these compelling properties out there for you.
So you see this is a compelling gaze at investors to say what are you going to do about it this opportunity. When I flickered "compelling" I got that and selected it over this for obvious reasons.
There is a difference between a compelling gaze and a pshycho gaze you see when it comes to real estate investments....And with the new site I might make it possible to subscribe to an…
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