Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by licensed broker Aaron Seekford of Arlington Realty, Inc. GET MORE out of your real estate investment with Aaron and his team by visiting www.arlingtonrealtyinc.com or calling 703-836-6116 today!

Please note: While Aaron Seekford provides this information for the community, he may not be the listing agent of these homes.

Yesterday was quite a quirky holiday: Dictionary Day!

How many of you celebrated by opening up the ole dictionary, jotting down a few words and spreading your new vocabulary to the masses? (Okay, I’m hearing crickets.)

But, it’s not too late to boost your real estate lingo. In honor of Dictionary Day (and, well, we should be learning new words all the time) here are a few common real estate terms/words that are commonly misinterpreted:

Short sale — Simply put, it’s a property that sells for a price lower than what is owed to the lender(s) who may hold liens on it.

Escrow — When you place something “in escrow,” it’s essentially in the hands of a third-party until specific stipulations are met.

Earnest money — This is the dough a prospective buyer puts forward to show that he/she is serious about buying a home.

And, there’s a lot more real estate lingo out there. When you’re ready to roll on your transaction, my team is ready to help make sense of the process… and help you get more out of your investment.

Now on to this week’s figures…

As of October 15, there are 216 detached homes, 61 townhouses and 248 condos for sale throughout Arlington County. In total, 59 homes experienced a price reduction in the past week.

Here is this week’s selection of Just Reduced properties:

• 4525 35th Street N., 22207 — NOW: $1,685,000 (Reduced $40,000 on 10/11)
• 6406 28th Street N., 22207 — NOW: $1,600,000 (Reduced: $25,000 on 10/10)
• 604 N. Garfield Street, 22201 — NOW: $1,319,000 (Reduced: $10,000 on 10/14)
• 2028 N. Westmoreland Street, 22213 — NOW: $919,900 (Reduced: $5,000 on 10/15)
• 2334 S. Rolfe Street, 22202 — NOW: $785,000 (Reduced: $15,000 on 10/15)
• 1700 S. Lowell Street, 22204 — NOW: $625,000 (Reduced: $25,000 on 10/16)
• 1530 N. Key Boulevard #110, 22209 — NOW: $469,500 (Reduced: $15,000 on 10/11)

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Aaron Seekford.