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by ARLnow.com Sponsor July 6, 2017 at 6:00 am 0

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:

  1. Work with an experienced agent.
  2. Get pre-approved for a mortgage before starting your house hunt.
  3. Don’t overanalyze a home’s listing price
  4. Don’t play the lowball game — make your best offer!
  5. Prepare for a bidding war.

Want more tips for home buying success? Attend the Home Buyer Class hosted by Orange Line Living!

You will get a comprehensive explanation of the home purchasing process – there’s more to know than you’d think. The Orange Line Living Team will be teaching all of the acronyms and definitions you will need, what happens at each stage of your transaction, real strategies on how to negotiate a lower purchase price, the different type of loans available, and much more. There will be local specialists from multiple industries in attendance, so come with questions.

Benefits of Attending

  • $1,500 credit towards your new home
  • 12-month home buy-back guarantee
  • Food and drinks provided
  • AND the first 3 to attend will receive a Roku Express!

The event is hosted by best-selling author and top nationally-ranked real estate agent Dan Lesniak, author of The HyperLocal HyperFast Real Estate Agent. Dan and his team have developed a special process that has allowed them to help over one thousand local families buy or sell their home.

Details

Space is limited so be sure to register at arlingtonhomebuyerclass.com.

by Kalina Newman July 5, 2017 at 4:45 pm 0

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.

Using an HTC Vive headset with two motion sensors, residents can experience a realistic, 360-degree home tour of what their apartment will look like after construction.

“We have developed a fully interactive and accurate VR experience using our experience from architecture and gaming,” said IVR Nation CEO Olivier Demangel in a statement. “It’s clearly a new era for real estate and architecture.”

IVR Nation is a company entirely dedicated to partnering the hospitality industry with virtual reality. CRC plans to incorporate IVR technology into other company projects, such as during the architecture design process.

“We are excited to employ IVR’s virtual reality technology and allow prospects to gain a unique preview of the Ten at Clarendon as we prepare to deliver the project to this coveted Arlington neighborhood,” said CRC Companies senior development associate Oliver Lee in a statement.

In addition to virtual reality tours, other new features in the apartment complex will include keyless apartment entry, mobile-controlled thermostats and a video intercom system.

Apartments at the new building are currently available for new tenants under pre-lease.

by ARLnow.com June 28, 2017 at 9:00 am 0

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]

Notable Rivercrest Property Sold — A home and an adjacent vacant lot have been sold near the intersection of Military Road and N. Glebe Road in the Rivercrest neighborhood. The lot was the site of a “national debate over property rights and conformity,” when in 1969 an architect started to build a custom home on the lot but was ultimately stopped after a legal challenge by neighbors, who thought the home was ugly and would not “retain the very pleasant, beautiful nature of Rivercrest.” [Falls Church News-Press]

Flipper: Selling Home to the County Was a Pain — A real estate investor has penned a piece for the Post in which he recounts the sale of one of his properties to Arlington County. The sale, of a house near Fire Station 8, was “neither lucrative nor convenient” and was more trouble than it was worth, he writes. However, the owner of a run-down property next to his received a much better price by holding out, the piece suggests. [Washington Post]

Mouthwash on Clarendon Bus Stop — Updating the saga of the stick of deodorant atop a Clarendon bus stop, the deodorant has now been joined by an errant bottle of Listerine mouthwash. [ARLnow]

by ARLnow.com Sponsor June 27, 2017 at 5:55 pm 0

Arlington, there’s a new way to sell and buy your home — and it means big cash back to you.

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.

For buyers, a $561,000 transaction returns 1.25% back at closing, a bonus of $7,012. Perfect for funding future home improvements like a small bathroom renovation, a new roof, updated fencing or fresh landscaping. Or even just a nice vacation.

ListingKey is also launching a streamlined, automated buying and selling platform that reduce obstacles, save time and eliminate the stress involved in what is one of your most important transactions of your life — by connecting home sellers and buyers directly.

Consumers control every aspect of the transaction, and for sellers, that means driving negotiations with prospective buyers and the signing on the bottom line to close the deal. Plus, professional photography, 3D tours, MLS syndication marketing materials and more.

For buyers that means exploring up-to-the-minute new listings, scheduling home showings, drafting offers and even signing deals with electronic signatures. AND get 1.25% for your effort.

Behind ListingKey are real estate veterans who are there to support you through every phase of your search for a new home and to get the most money out of selling your current one.

At every step, a ListingKey professional is standing by to help. While cash back is the promise, quality service is their mission.

Thinking about selling? Find your home’s value here.

Looking for a home in Arlington? Call 571-363-4016 or email at [email protected]key.com.

by ARLnow.com June 27, 2017 at 9:15 am 0

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]

Work on DCA Project Starting Soon — A $1 billion improvement project for Reagan National Airport is set to kick off soon, with construction of new security checkpoints for terminals B and C. That construction is expected to wrap up in 2020, while construction of a new commuter concourse is expected to conclude in 2021. [Washington Business JournalWashington Business Journal]

Arlington Ridge Mansion to Be Auctioned — A 6 bedroom, 7 bath home in the Arlington Ridge neighborhood, built in 2015 and valued at $3.7 million, is being auctioned next month. [Patch]

by Chris Teale June 26, 2017 at 10:05 am 0

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:

  • Arlington Forest (-1.83 percent)
  • Bellevue Forest (-8.2 percent)
  • Dominion Hills (-16.19 percent)
  • Foxcroft Heights (-20.9 percent)
  • Gulf Branch (-22.85 percent)
  • Old Glebe (-5.11 percent)
  • Rock Spring (-2.42 percent)
  • Riverwood (-33.1 percent)

All other neighborhoods have seen average home values either reach or exceed their pre-crisis levels, with the likes of Buckingham, Madison Manor, Glebewood and High View Park seeing increases of more than 50 percent on average.

On average across the county, property values have steadily ticked upwards. Earlier this year, the county said values rose 2.6 percent over their 2016 levels.

In an interview, Smith said the slight downward trend for some home values could be due to a lack of sales in those neighborhoods, or a lack of amenities that make them an attractive and convenient place to live in.

“Just because there’s not much to do and not much local resources: you have to drive further for grocery shopping, for any retail that you would have to go and buy normally,” he said. “Overall, I would think that the time spent having to drive to do anything would contribute to that part.”

Smith also found that foreclosures on county homes peaked during the financial crisis, but since then have stabilized with the local economy.

“It was fairly stable through that time period to begin with, as it wasn’t as affected as the rest of the country,” Smith said. “I’m guessing that’s why it wasn’t any crazy numbers per month for foreclosures, but I’m guessing people are more encouraged to start buying again in the area.”

Smith said he does not expect a slowdown in increasing property values in Arlington, due to the relative strength of the local economy and various other factors that make it attractive.

“There’s a fairly good job market, there’s a lot of people that want to move there, it’s close to D.C., good transportation,” Smith said. “Maybe that’s what’s influencing it…But I don’t see any reason that sales prices aren’t going to stop increasing in the near future.”

Smith’s interactive map of home value changes in Arlington, sorted by neighborhood, is below (after the jump).

(more…)

by ARLnow.com June 22, 2017 at 8:55 am 0

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]

County Looking for More Tech Grant Recipients — Arlington Economic Development is looking for more tech companies to lure to Arlington with its $1 million “Gazelle Grant” program. AED is seeking another 8-13 companies that are growing by at least 30 percent over a three year period and are willing to commit to at least a three year lease. [Technical.ly DC]

Yorktown Principal Says GoodbyeRetiring Yorktown High School principal Dr. Ray Pasi received a standing ovation from the Class of 2017 at YHS’s graduation ceremony yesterday. [Twitter]

It’s Still There — For those who were wondering, the now-famous stick of deodorant atop a Clarendon bus stop is still there two weeks later, despite wind, rain and publicity. [Twitter]

by ARLnow.com June 16, 2017 at 9:05 am 0

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]

Police Focused on Opioid Abuse — Yesterday the Arlington County Police Department “participated in a discussion on regional law enforcement efforts aimed at reducing the growing heroin/opiate epidemic.” There are at least three addiction treatment facilities in Arlington and ACPD “strongly encourages substances users and their family members to seek assistance.” [Arlington County]

Native Plants Return Thanks to Management of Invasives — “Native plants are on the comeback trail in Arlington – particularly along the W&OD Trail in Bluemont and Glencarlyn parks. Last month Dominion Energy mowed green space beneath powerlines along the trail, helping the County manage invasive plants like Japanese honeysuckle and multiflora rose.” [Arlington County]

Amazon Buying Whole Foods — Arlington’s two Whole Foods stores, in Clarendon and Pentagon City, will soon be owned by Amazon.com. [CNBC, Wall Street Journal]

by ARLnow.com Sponsor June 15, 2017 at 6:45 pm 0

The Orange Line Living Team will be teaching all of the acronyms and definitions you will need, what happens at each stage of your transaction, real strategies on how to negotiate a lower purchase price, the different type of loans available, and much more at the Arlington Home Buyer Class.

There will be local specialists from multiple industries in attendance, so come with questions.

Benefits of Attending

  • $1,500 credit towards your new home
  • 12-month home buy-back guarantee
  • Food and drinks provided
  • AND Door prizes, like a Roku Express, at each class session

The event is hosted by best-selling author and top nationally-ranked real estate agent Dan Lesniak, author of The HyperLocal HyperFast Real Estate Agent. Dan and his team have developed a special process that has allowed them to help over one thousand local families buy or sell their home.

Home buyer classes teach a wealth of information around buying a house – it’s not as straight forward as grocery shopping! There is a lot to prepare for in advance, and the more you know upfront, the less surprised you will have.

What You Will Learn in Home Buyer Class

  • 1st time home buyer programs
  • How to qualify for your first home
  • National mortgage loan programs
  • Local mortgage loan programs
  • Real estate acronyms and vocabulary you will encounter
  • Home purchasing timeline
  • Tax incentives for homeowners
  • How to find off-market properties
  • Credit tips to ensure you get the best financing rates
  • Questions and Answers: Come with questions, we will answer them!

Details:

  • When: Monday, June 19 from 6-8 p.m.; Saturday, June 24 from 11 a.m. to 1 p.m.; Tuesday, June 27 from 6-8 p.m.; Monday, July 10 from 6-8 p.m.; Monday July 19 from 6-8 p.m.
  • Where: Orange Line Living, 1600 Wilson Blvd, Suite 101, Arlington, VA 22209
  • Cost: Free
  • Parking: Validated Parking or Street Parking
  • Food: Appetizers and Drinks
  • Contact: [email protected] or call 571-969-7653

To register, head over to arlingtonhomebuyerclass.com. There are only 18 seats available per session so register today!

(more…)

by ARLnow.com Sponsor May 24, 2017 at 5:30 pm 0

Sponsored By homezen.
homezen saves you thousands by making it easy to sell your home without an agent.
Created By BlankSlate

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.

Then they heard something from a friend that piqued their interest. Some colleagues were building a business called homezen that provides online tools and support to help owners of condos, townhouses, and single family homes sell without an agent, at a flat fee.

“We really liked and trusted the real estate agent who helped us buy our home, and it was a tough decision not to work with her again for selling it,” says Alyson. “But the idea of funding our next down payment with the money we could save was too much to pass up.”

homezen helped them set their listing price, hired professional photographers to take photos of their home, listed it on the MLS, and took care of the paperwork.

(more…)

by ARLnow.com May 16, 2017 at 2:30 pm 0

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.

Omar Sider said he’s seeking an above-market price for the building, which he thinks could be attractive to investors given its proximity to the Courthouse Metro station and the new development at 2311 Wilson Blvd, which will house the headquarters of local tech firm Opower.

Sider’s building was grouped into the site plan for its larger neighbor and designated as a “stand alone retail pavilion.” Sider says he’s grandfathered in to keeping the building as-is, housing SuperStar Tickets’ offices, but he could also opt to build a new 6,400 square foot building with additional underground space and a connection to the parking garage of 2311 Wilson.

The latter is what any potential purchaser would likely intend to do. Because of the small size of the lot, a tall building is not possible.

“It’s a diamond in the rough,” Sider said of his property. “I don’t really want to sell it.”

Sider purchased the building in 2010 for $1.2 million and refused to sell it to the developer of 2311 Wilson, who he said made an offer only slightly above its market value. At least one anonymous tipster who reached out to ARLnow.com didn’t think holding on to the building was a good idea.

“They could have sold out at any time and made big bucks, but they refused,” said the tipster.

Sider, an Arlington native, said he thinks Courthouse will continue to be an attractive neighborhood, with more development and changes in the works. He said he is content to keep the building in his family “forever” if need be.

Should the building sell, he hopes to move SuperStar Tickets to another office in Arlington. Even if it doesn’t sell, the business is growing and may eventually require a bigger space, according to Sider.

by ARLnow.com Sponsor May 11, 2017 at 5:30 pm 0

Sponsored By homezen.
homezen saves you thousands by making it easy to sell your home without an agent.
Created By BlankSlate

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.”

To help the couple determine the value of their home, homezen did a competitive analysis. “Then they helped us to formulate a selling strategy to maximize our profit,” says Rob.

Next, homezen dispatched a professional real estate photographer to take photos, which they used to list the couple’s home on the MLS. Their listing went live on Good Friday and by Saturday morning the couple started getting requests for viewing; the first offer came in later that day. By Easter Sunday, they had an all-cash offer–at $5,000 higher than their list price.

“With homezen’s help, we sounded like we knew exactly what we were talking about in negotiations,” says Rob. “We were elated with the results, because it was $20,000 more than we thought we could sell the home for.”

An Easter miracle? The couple was so grateful that they crafted a personalized thank you (pictured).

“We learned a lot in the process,” says Rob, who adds that homezen continued to help them navigate through the contract paperwork and home inspection. “And we’ve been bragging to all of our friends about how we saved $21,000!”

How can homezen save you $20,000? Instead of charging the standard 6 percent commission, homezen charges a low flat fee. They’re already saving money for sellers in Logan Circle, Shaw, Brookland, the Palisades, Glover Park, Arlington, Alexandria and beyond.

You can check out the homezen website website or give them a call at 202.509.0553.

by ARLnow.com Sponsor May 11, 2017 at 6:00 am 0

What NOT to do before purchasing a new home:

  1. Don’t finance new big-ticket items. New financing will increase your debt-to-income ratio.
  2. Don’t open a new line of credit. Building good credit is a slow and steady process.
  3. Don’t switch jobs. Show potential lenders you are a low risk applicant by not making any major life changes.
  4. Don’t move your money. Lenders want to see consistent savings habits and for all deposits to be well documented.
  5. Don’t do it alone. While it certainly is possible to buy a home without a professional, a good real estate agent can save you time, money, and stress.

What SHOULD you do?

Attend the Home Buyer Class hosted by Orange Line Living!

You will get a comprehensive explanation of the home purchasing process – there’s more to know than you’d think. The Orange Line Living Team will be teaching all of the acronyms and definitions you will need, what happens at each stage of your transaction, real strategies on how to negotiate a lower purchase price, the different type of loans available, and much more. There will be local specialists from multiple industries in attendance, so come with questions.

Benefits of Attending

  • $1,500 credit towards your new home
  • 12-month home buy-back guarantee
  • Food and drinks provided
  • AND the first 3 to attend will receive a Roku Express!

The event is hosted by best-selling author and top nationally-ranked real estate agent Dan Lesniak, author of The HyperLocal HyperFast Real Estate Agent. Dan and his team have developed a special process that has allowed them to help over one thousand local families buy or sell their home.

Details

To register, head over to arlingtonhomebuyerclass.com. There are only 18 seats available per session so register today!

by ARLnow.com Sponsor May 9, 2017 at 12:00 pm 0

Ask Eli banner

This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Rosslyn resident. Please submit your questions to him via email for response in future columns. Enjoy!

Question: How does the price range of the home for sale affect the speed of the sale?

Answer: Last week I published statistics showing how quickly homes in Arlington sell (20 percent in the first five days, 50 percent in the first 30 days) and received a follow-up question in the comments asking how price impacts days on market. Here’s your response!

Data Description

The following data represents more than 15,000 sales in Arlington since January 1, 2012, broken out by sold price within the three primary housing types in Arlington – apartments/condos, townhomes and single-family/detached homes.

Key Findings

  • The middle price ranges sell fastest, with the cheapest and most expensive inventory in each housing type taking the longest to sell
  • Townhomes are in the most demand and sell two and a half weeks faster than other housing types
  • If you’re selling an apartment or single family over $1 million, be patient with your pricing and don’t worry if you don’t get your asking price immediately. It usually takes some time for those buyers to materialize.
  • Yes, there were actually nine single-family homes that sold for under $300,000 in Arlington (eight in 22204 and one in 22206)

I always appreciate hearing from readers in the comments section and via email. If you have any questions about the Arlington real estate market, please do not hesitate to post them in the comments or send me an email to [email protected]

If you’d like a question answered in my weekly column, please send an email to [email protected]. To read any of my older posts, visit the blog section of my website at http://www.RealtyDCMetro.com.

Eli Tucker is a licensed Realtor in Virginia, Washington DC, and Maryland with Real Living At Home, 2420 Wilson Blvd #101 Arlington, VA 22201, (202) 518-8781.

by ARLnow.com May 5, 2017 at 3:45 pm 0

Want somewhere new to live? There are plenty of houses and condos open for viewing in Arlington this weekend.

Check out our real estate section for a full listing of open houses this weekend. Here are a few highlights:

4320 N. Pershing Drive
1 Bed/1 Bath Condo
Agent: Mary Meredith
Listed: $193,900
Open: Sunday 1:30-4 p.m.

 

1336 N. Ode Street
1 Bed/1 Bath Condo
Agent: Matthew Leighton
Listed: $244,900
Open: Sunday 1-4 p.m.

 

4908 30th Street S
1 Bed/2 Bath Townhome
Agent: Christine Fischer
Listed: $395,000
Open: Sunday 2-4 p.m.

 

4805 28th Street S
2 Bed/2 Bath Townhome
Agent: Timothy Pierson
Listed: $419,900
Open: Saturday 2-4 p.m.

 

1423 N. Rhodes Street
2 Bed/2 Bath Condo
Agent: Robert Kenney
Listed: $699,911
Open: Sunday 1-4 p.m.

 

5714 9th Road N.
3 Beds/3 Bath Single-Family Detached
Agent: Keri Shull
Listed: $800,000
Open: Sunday 2-4 p.m.

 

4011 Nelly Custis Drive
5 Bed/3 Bath Single-Family Detached
Agent: Stacey Romm
Listed: $899,000
Open: Sunday 2-4 p.m.

 

Interested in getting your open house listed? Email us.

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