Local Issues
Ashburn Could Get 366 More Jobs…
September 11th, 2009 Categories: Local Issues
I try really hard to keep this blog on topic… That topic being Loudoun County real estate.
Sometimes I chase other trails like job growth. However, nothing effects housing like jobs and with Loudoun having the 4th strongest job growth in the nation during a national recession I thought you may care for some good news.
The Loudoun Times dot com is reporting that Visa is looking to bring 366 more jobs to our area. Ashburn to be exact. The jobs appear to be customer service jobs. The battle is seemingly between somewhere, Florida and Ashburn, VA. I am sure that we have many people here who would be happy to have these positions.
Other Great Articles…
9/9/09… 9 Of Loudoun’s Best Neighborhoods
Job Growth Continues In Loudoun!
| Currently No Comments »
Understanding The Real Estate Market
September 1st, 2009 Categories: Local Issues
If you are seeking to grasp this past real estate market downturn and where we are now, this video should help.
| Currently 1 Comment »
Seller Nightmare… What If Your Home Doesn’t Appraise?
August 18th, 2009 Categories: Local Issues, Sellers
Seller nightmares hinge on a few key issues… The most common tremors are over home inspections, home owner docs, and appraisals. Once these hurdles are crossed, sleep becomes a little easier. For today, let’s address one of the biggest issues…
What if your home doesn’t appraise for the sales price?
This is a common issue in the Northern VA market where prices are constantly changing and appraisers are often very conservative with their values. If this does happen you have a few options according to the contract…
What are your options?
A. You can choose to lower your homes sales price to the appraised value. This may mean bringing money to the table or simply walking away with less.
B. You can re-negotiate with the purchaser so that they help make up the difference. For example, your home appraisers for 10K less than agreed upon in the contract. You have the buyer pay 5k extra out of pocket and you lower the price 5k.
C. You and the purchaser decide that you cannot come to an agreement and decide to cancel the contract. This is common if the buyer has no money to bring to the table and you cannot afford less than the agreed upon value. Remember, the lender will not give the buyer more than the home appraises for!
Anything Else???
If you are lucky, and can find that the appraiser had no clue what they were doing during the appraisal, it is sometimes possible to dispute it. This is harder with today’s lending rules. If the buyer has an FHA loan the bad appraisal will stay with the home for 6 months no matter the value! Your best chance, if all else fails is to offer the buyer to pay for their 2nd appraisal. This could be a waste of time unless the lender is okay with it and it is a conventional loan.
| Currently 1 Comment »
Battlefield Parkway and Sycolin Road
August 14th, 2009 Categories: Local Issues, Loudoun Sights & Sounds
The commute through Leesburg for residents will soon be much easier with the finishing touches on Sycolin Road and Battlefield Parkway.
View Leesburg in a larger map
Battlefield Parkway
Battlefield Parkway is currently a major road connecting Sycolin Rd, Gleedsville, the Greenway, Route 15, and many neighborhoods in southern Leesburg. In Northern Leesburg, it also connects multiple neighborhoods acting as almost an outer bypass.
The problem is that there have been gaps on Battlefield for a while making travel difficult. This will soon end. The major connection will be on the south side when Battlefield Pkwy SE will connect to Route 7. No longer will residents of the south eastern neighborhoods be forced to take the bypass to their homes, which will ease traffic for the area.
Sycolin Road
Sycolin Road in Leesburg isn’t new… In fact, it has been there much longer than most roads in Ashburn and many in Leesburg.
What is new is that the county is finally paving a large portion of this road between Ashburn and Leesburg. This will make a common commute between parts of these two areas much shorter… Sycolin Road is a direct extension of Ashburn Farm Parkway. Imagine a direct route from Route 28 to Leesburg!
Other Popular Articles….
Which Is Better? Belmont Or Lansdowne?
| Currently No Comments »
Job Growth Continues In Loudoun!
August 10th, 2009 Categories: Local Issues, Loudoun County
I can name many reasons why I foresee Loudoun as one of the best places to live in the country. However, in our current economy nothing is more convincing than our job growth.
So far this decade, Loudoun County has the fourth strongest job growth of any other county in the nation. According to CNNmoney dot com we rose to 76.9%! The draw to Loudoun for companies comes from it’s proximity to the nations capital, Washington Dulles Airport, the strong educational base, and great neighborhoods!
Relocating to Loudoun County???
| Currently No Comments »
