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All Blog Entries by Jay Seville

There are currently 79 blog entries published by Jay Seville.

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Little Guy Gets Screwed Some More -- FDIC, Crony Capitalism and Corruption is Nothing New

Tuesday, February 16th, 2010 at 8:15am. 184 Views, 0 Comments.

Sweetheart Deals, Crony Capitalism of FDIC & OneWest Bank Symobolic of Little Guy Consumer Getting Screwed...Again

One of the great blessings of being a citizen of the United States is the liberty to achieve whatever levels of "success" you desire whether it be financially or in terms of other priorities you have such as social justice or your family.  You have the liberty to do things your way to a large degree and take your own risks and sink or swim as a result.  What is disgusting is double standards and an unlevel playing field that operates in our highest levels of government where crony capitalism with industry leaders desiring to quash competition, politicians, heads of goverment departments and semi-government owned companies getting special…


Leesburg and Ashburn Virginia Home Sales Surge While Real Estate Prices Stabilize & Days on Market Plunge

Wednesday, January 6th, 2010 at 7:07am. 351 Views, 0 Comments.

Surging Ashburn Leesburg Virginia Homes for Sale Transactions Upward & Stabilizing Real Estate Prices

Like the dramatically positive news for northern virginia real estate for sale market data in Q 4 (quarter 4) the greater region of Loudoun County homes for sale was also positive to finish out 2009.

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Many will want to pin this increase on demand on the government tax credit that was ending originally ending around Nov, but I would say we can't really know necessarily.   Perhaps prices being 50% lower than just a couple years ago roughly has something to do with it as well along with the lowest interest rates ever....

Big Drops in Inventory of Loudoun County Homes for Sale and Real Estate

loudoun_county_real_estate_drops_in_inventory_400  And if you go back to November 2007 the inventory was 2067…


Market Update-- Arlington Virginia Condos and Real Estate Sell Like Hotcakes!

Tuesday, January 5th, 2010 at 1:16pm. 525 Views, 3 Comments.

Arlington Virginia Condos and Real Estate = Huge Upsurge in Sales Buyers and Seller Agree on Values

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Quick Summary of Market Data for 2009 Arlington Homes Sales

  • # of transactions up dramatically Oct-Nov
  • DOM -- days on market down significantly for Arlington condos and homes for sale
  • # of active listings--inventory--drops significantly
  • all equals robust market to finish out 2009
  • average sale price as a percentage of list price jumped from 92-95% meaning the buyers and sellers are on the same page now more than ever the past few years on the value of the homes for sale
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 Days on Market Drop Significantly for 2009 Arlington Real Estate for Sale

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Another observation is that the average list price for Oct-Nov comparing 2009 to 2008 is down 7%. …


Rare Occurence -- Personal Address by JustNewListings.com Team for Arlington Condos and Northern Virginia Real Estate

Wednesday, December 30th, 2009 at 7:27am. 337 Views, 0 Comments.

JustNewListings.com Team Adds 5th Team Member for Arlington Condos for Sale and Virginia Real Estate

 

Critical Resources for Buyers and Sellers of Arlington VA Condos and Northern Virginia Homes for sale

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  • home buyer scouting report -- an MLS tool for serious buyers who like being in charge of their home search Here are some of it's features in this 2 minute video--if you sign up for it remember is also hands off, does NOT necessarily mean you are working with the JustNewListings.com team or the lender but you might as well have best MLS tool as a consumer.  If you sign up for it to try it out insert multiple cities or zips in the form and you can edit your search later after passwords are emailed to you.
  • Overpriced Arlington condo series…

  • Northern Virginia Real Estate Market Stabilizes--Huge Drops Inventory, DOM & Prices

    Friday, August 14th, 2009 at 10:42am. 1580 Views, 2 Comments.

    Northern Virginia Real Estate Market -- Big Drops Inventory and Increases in Sales

    So with all the economic and health care drama going on how about we focus on northern virginia homes for sale news and trendz!!!!!!!!!! cool_120   Let's look at big picture for the Northern Virginia real estate market in terms of prices, inventory, days on market and trends--the overall health of our market.  I'll get more specific about Arlington real estate in another post.  As my team is on the front lines of real estate selling about 45 homes by the end of this year I have my finger on the pulse on the market--the challenge is finding time to write about it....I'm confident my team will do 75 transactions in 2010.

    Inventory Plummets for Northern Virginia Real Estate

     

    Real Estate Market for Fairfax Virginia Real Estate Market for Alexandria Virginia real estate


    Consumer tip -- Better Buy Boxes Saves You $100s on Fairfax and Northern Virginia Moving Supplies and Boxes

    Wednesday, July 8th, 2009 at 1:11pm. 720 Views, 1 Comments.

    Save $100s on Moving Supplies and Boxes for Northern Virginia and Fairfax Area Consumers

     I recently saved about 66% on my own move with a new home I purchased.  It was a roller coaster short sale ride of a lifetime that went on from February to June 2009.  I had moved just 11 months earlier and it was expensive.  I found the ultimate resource for Northern Virginia moving supplies and boxes-- a business called Better Buy Boxes.  Here's there website betterbuyboxes.com

    fairfax_county_northern_virginia_moving_supplies_boxes_145 

    Better Buy Boxes for Virginia Fairfax County Boxes Moving Supplies

    The regular retail for a book box is $5.00 versus $1.25 at Better Buy Boxes and I even got some used book boxes for .88 cents.  Compare that with what the moving company Unified Moving Services, LLC of Maryland and…


    Buyers Get Slapped Around with Terrible New Appraisal HVCC Rules and AMCs

    Wednesday, June 10th, 2009 at 11:09am. 2813 Views, 37 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.  

     bogus_amc_hvcc_rules_hurt_buyers_consumers_500 

     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. 1646 Views, 7 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. 1196 Views, 10 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. 1940 Views, 0 Comments.

    The Latest Examples of Floaters Losing Their Shirts...and Pants

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    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…


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