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Just Listed! 7818 Roswell Dr Falls Church, VA 22043
September 3rd, 2009 10:24 PM
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$575,000.00
7818 Roswell Dr

Falls Church, VA 22043



Beds: 4.0 Rooms: 0
Baths: 2.00 Sq. Ft.: 0
Garage: 0 Built: 1962
 

Everything you want in an established neighborhood!! Quiet street where the kids can play & while you sit on the front porch with the neighbors!
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Leslie Hutchison
RE/MAX Distinctive
7036752188
www.Virginiahometeam.com



 
  Visit this listing at Here

Posted by Leslie Hutchison on September 3rd, 2009 10:24 PMPost a Comment (0)

Just Listed! 4801 27th Rd S Arlington, VA 22206
February 20th, 2009 5:54 PM
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$415,000.00
4801 27th Rd S

Arlington, VA 22206



Beds: 2.0 Rooms: 0
Baths: 2.00 Sq. Ft.: 1383.00
Garage: 0 Built: 1944
 

Best location! Backs to open space & trees, nestled at end of the street in quiet courtyard with ample parking. 2 Bedroom, 2 Bath, 3 level townhouse style condo with remodeled kitchen, granite counters, spacious living room, dining room opens to deck for outdoor dining. Lower level rec room, den and full bath.
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Leslie Hutchison
RE/MAX Distinctive
7036752188
www.Virginiahometeam.com



 
  Visit this listing at Here

Posted by Leslie Hutchison on February 20th, 2009 5:54 PMPost a Comment (0)

Buyers are coming out again!!
February 19th, 2009 10:52 AM
We are seeing many buyers out now with the low interest rates, and many experts are predicting that the housing market, inside the beltway at least, has bottomed out. That is getting the buyers that have been 'waiting' to get off the fence and buy. Most buyers we see are the first time buyers and people that have been renting for a few years, so they can now take advantage of the new $8,000 tax break.
 
We have also started seeing a few multiple offers on properties that are the only home in the area in the proce range. No escalation clauses or bidding wars yet, but that has allowed sellers to get a bit more than if there was only one offer.
 

Posted by Leslie Hutchison on February 19th, 2009 10:52 AMPost a Comment (0)

Stimulus Package
February 19th, 2009 10:41 AM

Will The New Stimulus Package Help The Housing Market?

2/18/2009

Yesterday President Obama signed the 2009 stimulus package into law. There are a number of provisions that will effect the housing industry. Will this legislation put a floor on real estate values and start moving the industry towards recovery? Let's look at the portions of the plan that will affect the real estate market.

$8,000 Tax Credit for First-Time Homebuyers:

The original proposal was for a $15,000 tax credit for all purchases of homes. The new package contains an $8,000 tax credit restricted to first-time homebuyers. There is talk of reintroducing separate legislation to modify the tax credit. Here's a breakdown of the legislation signed yesterday:

* The tax credit is for first-time homebuyers only. (Cannot have owned a principal residence over the three years prior to purchase.)
* The tax credit does not have to be repaid. (There is a recapture clause. If the home is sold within three years of purchase the entire amount of the credit is recaptured on the sale. This applies only to homes purchased in 2009.)
* The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
* The credit is available for homes purchased on or after January 1, 2009 and before December 31, 2009.
* Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. The credit phases out for incomes above these levels.
* The tax credit does not need to be paid back to the government unless the property is sold within three years, at which point the entire amount of the credit will be recaptured.

Higher Loan Limits:

The ceiling for Fannie Mae, Freddie Mac and FHA loans was increased to $729,750 in high cost areas through December 31, 2009. The factor for high cost areas is increased back to 125% of the 2008 median home price for markets between the floor and ceiling limits. The limits will maintain the current floor limit of $271,050 for FHA loans and $417,00 for conventional loans. For the few markets where the 2009 limits were higher than 2008, those markets will maintain the higher limit. As I write this the web sites for Fannie Mae, Freddie Mac and FHA (HUD) have not been updated to reflect the new limits.

Reverse Mortgages (HECM)

Reverse mortgage allow qualified borrowers to refinance or purchase homes without having to make any payments while living in the home. The new legislation raises the maximum loan amount to $625,000. While FHA loan maximums are set depending on the properties location, the HECM maximum loan amount is the same throughout the country. It's been tough to find information about the new HECM rules but I believe the new loan limit will expire on December 31, 2009 and will then return to the current limit of $417,000.

Call me with any questions you have concerning the current market.


Posted by Leslie Hutchison on February 19th, 2009 10:41 AMPost a Comment (0)

Just Listed! 138 Rees Pl Falls Church, VA 22046
January 31st, 2009 10:40 PM
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$760,000.00
138 Rees Pl

Falls Church, VA 22046



Beds: 3.0 Rooms: 0
Baths: 4.00 Sq. Ft.: 0
Garage: 2.0 Built: 1995
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Leslie Hutchison
RE/MAX Distinctive
7036752188
www.Virginiahometeam.com



 
  Visit this listing at Here

Posted by Leslie Hutchison on January 31st, 2009 10:40 PMPost a Comment (0)

Just Listed! 2150 Kings Garden Way Falls Church, VA 22043
January 31st, 2009 8:49 PM
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Listings Photo
$600,000.00
2150 Kings Garden Way

Falls Church, VA 22043



Beds: 4.0 Rooms: 0
Baths: 3.00 Sq. Ft.: 0
Garage: 0 Built: 1987
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Leslie Hutchison
RE/MAX Distinctive
7036752188
www.Virginiahometeam.com



 
  Visit this listing at Here

Posted by Leslie Hutchison on January 31st, 2009 8:49 PMPost a Comment (0)

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