Sep 20

After my blog of “We can all breathe a sigh of relief that FHA won’t be adopting HVCC” I found out today that FHA has decided to adopt HVCC as of January 2010! As a Realtor in Northern Virginia with Exit 1st Choice Realty, we are all struggling to get the housing market into recovery mode. The biggest burden in this market is for sellers owning non distressed properties, who would like to sell their properties for various reasons-usually due to changes in their lives. The sellers have a minimum financial goal that needs to be met. If it’s unreachable in this market, they will usually wait to sell.   When we have a larger proportion of non distressed properties on the market, we will know that we have turned the corner to recovery.

This news that FHA will be adopting HVCC may not be good news for the market. Here is an article by Mary Thompson, an appraiser from Georgia: http://activerain.com/blogsview/1246425/huge-fha-news-fha-is-adopting-hvcc-as-of-january-1st-get-ready-for-change

Read my previous blog on the HVCC to see how this code can affect a “regular” sale. http://househunterforyou.com/metrorealty/?p=118

Jun 02

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation. Continue reading »

May 02

In today’s market, sellers have to work harder to persuade buyers that their property is worth the bite. Landscape designer Michael Glassman has cooked up a recipe for guaranteed curb appeal.

1. Add splashes of color. With every changing season, a landscape should provide a new display of colors, textures, and fragrances. “It’s best to use one or two and repeat them,” Glassman says. Example: white iceberg roses that bloom in spring, summer, and fall as a backdrop; in front, a contrasting punch of purple salvia or lavender that will flower at the same time; and as an accent, a crape myrtle tree that provides changing leaf colors in fall and interesting branches come winter.

2. Size trees and shrubs to scale. These should be planted in the right scale for the house so that they don’t block windows, doors, and other architectural features on the home’s facade. A large two-story house can handle a redwood, Chinese pistache, sycamore, or scarlet oak, but a one-story cottage is better paired with a flowering cherry, crabapple, or eastern redbud. Too many trees cast too much shadow and cause potential buyers to worry about maintenance and costs.

3. Maintain a perfect lawn. A velvety green lawn demonstrates tender loving care, so be sure sellers’ homes don’t have brown spots. Some rocks, pebbles, boulders, drought-tolerant plants, and ornamental grasses will generate more kudos, especially in drought areas.

4. Light up the outside. Good illumination allows buyers to see a home at night and adds drama. Sellers should use low-voltage lamps to highlight branches of specimen trees, a front door, walk, and corners of the house. But less is better. The yard shouldn’t resemble an airport runway.

5. Let them hear the water. The sound of water appeals to buyers, and you shouldn’t just reserve this for your backyard. A small fountain accented with rocks provides a pleasant gurgling sound, blocks street noise, and is affordable.

6. Use decorative architectural elements. A new mailbox, planted window boxes, and a low fence wrapped in potato vines add cachet, particularly during winter months when fewer plants blossom. Colors should complement the landscape and home. Just don’t overdo it: Too much can seem like kitschy lawn ornaments.

Source: Michael Glassman, landscape designer, Michael Glassman and Associates, Sacramento, Calif., www.michaelglassman.com
Barbara Ballinger is a freelance writer for REALTOR® magazine.

Apr 21

Hi, everyone. . .I just posted my video virtual tour River House Potomac Living on TubeMogul.com . It is a wonderful site for real estate agents like myself. If you produce a video of a listing and you want to post it on You Tube. . .why not post it on several video sites? This will get more views for your listing and that means more potential buyers. It takes some preparation work to register on the most important sites. . .but it is worth the effort. Now anybody interested in buying a house or investing in real estate will have a better chance to see your property.

Virtual tours are a great way, not only to promote your listings. . .but it is also a great way for your website to get greater search engine exposure. Search engines love videos (why I don’t know. . .they just do) so the more video you can produce that promotes your listings. . the better. It will definately get you more business. See my video here