Exclusive home buying class in Arlington to be held on 7/10 and 7/24. The first 3 to attend get a free Roku Express!
How to Succeed as a Buyer in a Seller’s Market:
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real estate
Construction at luxury apartment complex Ten at Clarendon will continue until September, but prospective renters can now tour apartments with the use of virtual reality.
In a partnership with Immerse Virtual Reality Nation, developer CRC Companies is launching a fully immersive virtual reality apartment tour of the new apartments at 3110 10th Street N. The 143-unit complex is expected to be completed this fall.
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APS Tells Staff to Stop Paying Sales Tax — As a public institution Arlington Public Schools is exempt from paying sales tax, but the school system’s internal auditor has found that some staff members have been placing orders for APS via Amazon without sales tax exempted. APS has since requested sales tax refunds for those orders. [InsideNova]
Arlington Resident Cited for Boating Incident — An Arlington man has been cited for operating a vessel while impaired after his 28-foot boat ran aground off the eastern shore of Maryland, south of Ocean City. [WMDT]
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ListingKey, the newest real estate brokerage to enter the DMV, provides cash rebates on each home sale, from both sides of the transaction. With the ListingKey Financial Advantage, sellers receive up to 2% back at closing.
On a $561,000 sale — the median price in Arlington in June — that’s $11,200 returned to the seller. Talk about real money in your pocket.
NRECA Tree Planting Ceremony — In honor of its 75th anniversary, yesterday the National Rural Electric Cooperative Association planted a tree next to its Ballston headquarters using soil collected from hundreds of its 900 electric co-op members. [Facebook]
SoberRide Active for July 4 — The regional SoberRide program will be offering free Lyft rides up to $15 each on the Fourth of July, to help get impaired drivers off the road. Between 7 p.m. on July 4 and 2 a.m. on July 5, Lyft users can use the promo code “SOBERJULY4” to get a free ride up to $15 or a $15 discount on a more expensive ride. [Washington Regional Alcohol Program]
Average house prices in Arlington County have recovered to or exceeded what they were before the 2008 financial crisis, except in eight neighborhoods, according to new findings.
Randy Smith, a senior fellow at the D.C. Policy Center and a GIS specialist at Hood College in Frederick, Md., found that on average, houses in the following neighborhoods have gone down in value since 2007:
Alamo Drafthouse Coming to Crystal City — An Alamo Drafthouse Cinema will be coming to Crystal City to anchor a residential redevelopment by the JBG Smith. The redevelopment will convert the aging office building at 1750 Crystal Drive to a gleaming glass-and-metal residential building while topping it with a six-story addition. Also planned is an as-yet unsigned “specialty grocer” — think: Trader Joe’s or something similar. [Washington Business Journal]
Home Prices Rise in Arlington — “Long & Foster Real Estate Inc. says the median selling price in Arlington County last month was $613,500, up 15 percent from May of 2016. The change was based on 350 closed sales in Arlington in May.” [WTOP]
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Fairlington Named ‘Top Value Neighborhood’ — Fairlington and Shirlington are together the No. 3 “top value neighborhood” in the D.C. area, according to real estate website Trulia. No. 1 is University Park in Maryland and No. 2. is Kingman Park in D.C. [Curbed]
Market-Rate Affordable Housing Disappearing — In 2000 there were 19,740 homes in Arlington affordable to those making 60 percent of Area Median Income. That dropped by 86 percent, to 2,780 units, by the end of 2016. [Washington Business Journal]
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There will be local specialists from multiple industries in attendance, so come with questions.
Benefits of Attending
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When Alyson and Tyler started thinking about selling their home, they considered calling the real estate agent who had helped them in the buying process. But the transaction costs of using an agent were just too much to justify.
“At the same time, we have two young kids and very little spare time to understand the important details and nuances of managing a real estate transaction,” says Tyler.
A small two-story building that’s now in the shadow of a much larger development in Courthouse has been placed on the market.
The owner of SuperStar Tickets and its building at 2305 Wilson Blvd says he is searching for a buyer, with the help of a real estate firm, but will only sell for the right price.
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Rob and Feli were ready to sell their home, but there was one thing they wished to avoid-the 6 percent realtor commission. “We wanted to sell our house on our own to avoid that,” says Rob. “We felt that the real estate system is very broken. In our case, the fee would have been $31,500.”
But how does one sell a house when you’ve got no experience? “We were reluctant because we were not familiar enough with the process and the laws,” says Rob. “Then we stumbled across homezen. We were amazed at how low their flat fee was for the services that they were providing.”