7715 Glenister Drive in Springfield For Sale

Single Family Home on Glenister Drive in Springfield Listed For Sale

7715 Glenister Drive in Springfield, Virginia is a 4 bedroom, 3 bathroom split-level home. The vaulted ceilings combined with tons of windows allow for a very bright & open feel in this home. It’s also a great location for commuters as the home is less than 4 miles from the Franconia-Springfield Metro and there are several metro bus and highway options.

Community Features

In addition to major highways and public transportation, this neighborhood is close to schools, parks and the Springfield Town Center. There you can find plenty of shopping, dining, and entertainment options. An LA Fitness center is also available for your health & wellness needs. The community does not have a Home Owners Associations, so the possibilities for this home are endless! Glenister Dr For Sale JSRealty4U

Main Level Features

The Living Room offers hardwood floors & chair railing. Glenister Dr For Sale JSRealty4U

A large Dining Room with hardwood floors and chair railing offers access to the backyard. Glenister Dr For Sale JSRealty4U

A spacious Kitchen boasts tons of countertop and cabinet space, along with a breakfast bar and pendant lighting. Glenister Dr For Sale JSRealty4UThe Master Bedroom features an oversized closet and 2 double windows that overlook the backyard. Glenister Dr For Sale JSRealty4U

The Master Bathroom has tile floors, an oversized vanity and a walk-in shower. Glenister Dr For Sale JSRealty4U

2 additional bedrooms and a full bathroom are also found on this level.

Lower Level Features

The bright split level Foyer is full of windows and leads down to the lower level. Glenister Dr For Sale JSRealty4U

The lower level features a huge Family Room with a wood burning, brick surround fireplace. A 4th Bedroom has a closet and large window for ample natural light. A 3rd full Bathroom has tile floors, a single vanity and a shower. The Den offers a nook for extra storage and access to the side yard. Spacious Laundry Room features a full size washer & dryer, and plenty of storage space. The fully fenced backyard has lots of trees and a deck that is great for entertaining.

Glenister Dr For Sale JSRealty4U

Check out our video slideshow then contact us for a private showing of this bright home on Glenister Drive in Springfield!

Word of the Week: Blanket Mortgage

What is a Blanket Mortgage?

A Blanket Mortgage is a loan where the borrower offers up more than one parcel of real estate as security (collateral) for the debt.jsrealty4u blanket mortgage

This is a popular option for Builders and Developers who commonly buy large amounts of land. They will often divide the land up into multiple, individual lots and sell the lots off one by one. Instead of getting a new loan each time one of the lots is sold, the borrower will use the Blanket Mortgage loan to buy them all at once. A Blanket Mortgage will usually contain a “release clause” as well. This means when an individual lot is sold, that portion of the mortgage is released (paid back to the lender). The loan is then adjusted and continues on in this manner until all of the lots are sold and the entire mortgage has been repaid.

With access to multiple lenders and extensive experience in Residential and Commercial Real Estate, our Team of Real Estate Professionals is available to lead you to great Real Estate solutions! Contact us today so we can help you realize your Real Estate goals.

Word of the Week: Bilateral Contract

What is a Bilateral Contract in Real Estate?

There are a number of reasons why you should hire a Real Estate Agent to represent you. The paperwork alone is enough to make you dizzy. One piece of paperwork is key to the whole process – the contract. Typically, Real Estate sales contracts are “bilateral”, meaning it’s a two-way agreement. To put it simply, the Seller agrees to sell their home, and the Buyer agrees to purchase it.jsrealty4u Real Estate concepts home bilateral

Navigating through the sea of documents, addendums, and contracts is not an easy task. The Expert Realtors at the JS Realty Team take pride in providing you with a positive and rewarding Real Estate experience. Our Team has negotiated over $500 million in Real Estate transactions. We can lead you to the best Real Estate solutions for you and  your family. If you’re thinking about buying, selling, or investing in a property, contact us today. We offer a FREE, no obligation consultation and Home Analysis and we’d love to speak to you.

Loudoun Brambleton JSRealty4U Appreciation
The JS Realty Team @ Samson Properties

Carlton House Condo For Sale in Reston, VA

Condo For Sale in Carlton House at Reston Town Center

Located in the Carlton House at Reston Town Center, 11800 Sunset Hills Road #1110 is a 1 bedroom, 1 bathroom condo. Conveniently located near the Dulles Toll Road, Route 7, and Reston Parkway, this condo is also within walking distance to shopping, dining, and entertainment! The condo comes with 1 reserved space in the parking garage and there is ample guest parking available.jsrealty4u carlton house reston town center condo

Condo Features

Recessed lighting in the entryway lead to a spacious kitchen with stainless steel appliances. Granite counters and a breakfast bar provide plenty of dining space.jsrealty4u carlton house reston town center condo

The combination Dining and Living Room is bright and open and features plush carpet.jsrealty4u carlton house reston town center condo

The Living Room features a sliding glass door that leads out onto a private patio with great views of Reston.jsrealty4u carlton house reston town center condo

The ample Master Bedroom features dual closets, 1 of which is a walk-in.jsrealty4u carlton house reston town center condo

The Full Bathroom features a shower/tub combo and granite counters. There is also a stackable washer and dryer in the unit.jsrealty4u carlton house reston town center condo

Building amenities

Amenities include a Concierge, Library, Party Room, Business Center, outdoor BBQ Area and Rooftop Pool. Hit the Fitness Center or enjoy some fun in the Game Room. The amenities are seemingly endless!jsrealty4u carlton house reston town center condo

This charming condo in the popular Carlton House is move-in ready and available for showings! Contact Realtor Scott Koval at 703-625-3446 for a private tour.

Word of the Week: Earnest Money Deposit

What is an Earnest Money Deposit and why is it important?

deposit jsrealty4uAn Earnest Money Deposit (or “EMD”) is an important part of the home buying process. It is an amount of money that you will deposit (in escrow) that tells the Seller you are committed to the purchase of the home. It’s important to know that this earnest money deposit is not an extra cost of buying a home. It will be credited towards the down payment at closing. In the event that it exceeds your mortgage down payment and settlement costs, you will receive the balance at closing.

How much should I offer?

JSRealty4U Money Payment Deposit

This can differ depending on the real estate markets and can also depend on whether or not there are multiple offers on the property. If you feel that you are not in competition, you can expect to pay around 1-2% of the sales price in most markets. For example: a $300,000.00 sales price x 1% = $3,000.00 EMD. If you are in competition with other offers, you may want to offer more. This will tell the Seller you are more serious about their home and could help you win the offer. A good Realtor can really help you structure the correct offer with the right amount of EMD.

Is my money safe?

jsrealty4u loan deposit amortizationIn most cases you will write the check to your Realtors, Real Estate Brokerage Company or the company that will be assisting you in the settlement (Title Company). Never write the check to the Seller or their Realtor directly. The money is usually due very shortly after the contract is fully accepted by all parties (ratified) and will be placed in an escrow account. Shortly before you go to settlement, it will be released so it can be applied towards your settlement cost and down payment on the day you purchase the home. In the event the amount you put down exceeds the amount needed for these cost, you will get a refund of the difference. This is your money, and it is treated as such. It is only applied to your costs.

if I do not buy the house, how do I get my money back?

JS Realty Contract Paper depositEvery market can be different when it comes to answering this question. Make sure you read and understand the contract. It should state what happens to the EMD if you no longer qualify (or decide you do not want to buy) the home. If you are within your rights to cancel the contract, the Seller will agree to release the funds back to you in full. However, there are many different ways this can be handled. Not all are not favorable, so understand the contract you are signing and discuss any concerns you may have with your Realtor. If you are not comfortable with the language that is written in the contract be sure to consult an attorney before signing to ensure your rights are protected too.

THE BOTTOM LINE

JS Realty loudoun depositAn Earnest Money Deposit is your way of telling the Seller “I love your home and really want to buy it.” In most cases the money remains yours and is applied to your costs in regards to the purchase. It can also be a great way to leverage your offer in the event you find yourself in competition with another Buyer. A great Realtor can guide you through the offer process and help you structure a deal that is more than just about a sales price.

The JS Realty Team is here to help! Contact us at any time, we are more than happy to lead you to great Real Estate solutions.

Springfield Single Family Home For Sale

3 Bedroom Single Family Home in Springfield, VA Just Listed For Sale

5207 Milland Street is a charming 3 level, 3 bedroom single family home. Conveniently located in a quiet & peaceful community in Springfield, this home is also close to major highways, metro stations, and bus routes. A spacious 1 car garage has ample space for a workshop and also features an expanded driveway.jsrealty4u springfield real estate for sale

Main Level

Windows galore fill this home with tons of natural light. A large Foyer with tile floors and a coat closet lead to a Living Room. The bright, open living room features a fireplace and built-in shelves.jsrealty4u springfield real estate for sale
A gorgeous, gourmet Kitchen boasts tons of granite countertops and plenty of cabinet space. Also of note are the upgraded stainless steel appliances, under cabinet lighting, and a peek through to the Family Room. jsrealty4u springfield real estate for sale
A separate Dining Room features beautiful crown molding, chair rail, and a chandelier. jsrealty4u springfield real estate for sale
The spacious Family Room has a gas wood-stove, recessed lighting, tons of windows, and access to the patio. jsrealty4u springfield real estate for sale
A full Bathroom with tile floors, oversized vanity, and custom tile walk-in shower is also found on the main level. jsrealty4u springfield real estate for sale

Upper Level

The beautiful Master Bedroom features hardwood floors, a large closet with extra storage, and tons of windows.jsrealty4u springfield real estate for sale
Bedroom 2 has hardwood floors, a large closet with extra storage, and a ceiling fan. Bedrooms 3 has hardwood floors and a large closet with extra storage. A 2nd Full Bath is also found on this level and has tile floors, an oversized vanity, and a shower/tub combo.

Lower Level & Backyard

A large, finished recreation room has a huge built-in shelving that is perfect for an entertainment center! It also features plush carpets and access to the Mudroom. jsrealty4u springfield real estate for sale
The spacious Mudroom features a full size washing machine, utility closet, and a Powder Room. The garage is also easily accessible from here.
A large, fully fenced backyard features a patio, plenty of trees and a storage shed.jsrealty4u springfield real estate for sale
Don’t miss out on this amazing property in a great Springfield neighborhood!
Contact Expert Realtor Sarah Taylor at 703-475-1003 to schedule a private showing.

Word of the Week: Appreciation

Understanding What “Appreciation” Means in the Real Estate Industry

Appreciation is the increase in the worth or value of property. Investors generally buy property for two reasons – income production and appreciation potential.

jsrealty4u appreciationThe purchase of a home usually is the single greatest investment most people make in their lives. It’s important to look at one’s home as an investment, and understand what drives the value of the property in order to find opportunities that maximize wealth. Given the unpredictable nature of the real estate market, what should you know about home appreciation before you buy?

Location, Location, Location

jsrealty4u appreciation mark twain real estate land

As the population steadily increases, the demand for land grows as well. The supply of land on this planet is limited, and its price increases as the population does. Home buyers should focus more on how purchasing a property in a specific location will appreciate over time, versus the physical attributes of the home itself. This is a difficult task for buyers who are expecting to spend a significant amount of time in the home. However, almost all homes can be improved as time goes by and can provide a significant return on the investment – if they’re located in an area of high demand.

Current & Future Amenities

Local amenities are great, and definitely a key factor when choosing a property to purchase. But what about the future prospects for commercial and/or governmental development in the area? Future schools, hospitals, traffic patterns and other public infrastructure will have a big influence on land values, as well as current and future development of commercial amenities in a particular location.

jsrealty4u real estate construction appreciation

Unfortunately, whether your home will appreciate over time is mostly out of your control. The residential real estate market has a natural ebb and flow between being a buyers’ markets and a sellers’ markets.

With so much information and advice out there, it’s hard to know for sure where your property fits into the mix. The JS Realty Team is a great resource when it comes to buying and selling residential real estate. If you’re curious about the appreciation of your current home, contact our Expert Realtors today! They proudly offer FREE Home Analysis and Consultations for Buyers, Sellers, and Investors.

Loudoun Brambleton JSRealty4U Appreciation
The JS Realty Team @ Samson Properties

Word of the Week: Assumption

This Week We Define Assumption and How it Works

So what exactly is Assumption? It’s the act of transferring a loan from one borrower to another. So assuming a loan means taking over the seller’s mortgage and continuing to make the payments on it. An assumption generally requires the lender’s approval consistent with the agreement (assumption clause). JS Realty lender man mortgage assumption

For example, some lenders may agree to transfer the seller’s old loan to the buyer, which could benefit the buyer where the existing mortgage has an interest rate below current interest rates. When a buyer assumes a mortgage, they assume personal liability for full payment of the debt. And if the loan is not paid and a foreclosure sale does not satisfy the debt, the new buyer who assumed the loan could be personally liable to pay the outstanding balance. Such payments are court-ordered through a deficiency judgment. In most cases, however, the lender will hold the seller and the buyer jointly and severally liable. That means that the lender may pursue either or both parties to repay the debt. In effect, the buyer becomes a co-guarantor with the original note maker.jsrealty4u assumption handshake

In today’s market we don’t see a lot of loans assumed because rates are at historic lows. Loans tend to be assumed when rates rise dramatically and the current owners rates are more attractive than what is being currently offered. Another key point is that most loans can’t be assumed. Typically they are only available as an option on FHA and VA loans.

If you have additional questions on assumption, different types of loans, or Real Estate questions in general, feel free to contact us!

Word of the Week: Amoritzation

Defining Mortgage Amortization and Options

Simply put, amortization is a loan that is paid off with a fixed repayment schedule in regular installments over a period of time. Payments may be Fully or Partially Amortized.jsrealty4u amortization

Full Amortization

Full amortization is an organized method of repaying a loan by making regular, equal payments. With this method, the loan – or principal – and all of the interest on the loan, is reduced to zero by the loan’s maturity. Traditionally, the payments are made on a monthly basis. And while each payment remains the same, the amount of interest and principal paid each month fluctuates.jsrealty4u loan mortgage amortization

Partial Amortization

jsrealty4u mortgage loans amortization balloonPartially amortized loans are a series of amortized payments followed by a “balloon payment” (or lump sum) at the loan’s maturity. The balloon payment is the entire remaining balance. A partially amortized mortgage provides much lower monthly repayments, however a massive final payment is due at the end of the contract. Under a partially amortized mortgage, the final payment is larger than any previous payment as it “balloons” on the last installment. This type of payment is often found in commercial lending arrangements. The lower monthly payments can be helpful while the commercial project grows and, the developer hopes, appreciates.

Full or Partial – Which is best for You?

JS Realty jsrealty4u loans amortizationNot sure which type of amortization is right for you? Contact our good friend and Lender, Keith Harris (NMLS ID #: 838973). Keith is committed to spending the necessary time to understanding his clients needs and will tailor a loan best suited for YOU. From mortgage rates to refinancing, Keith and his team at Intercoastal Mortgage can find the best solution for you and your family.

Ashburn Village Townhome Just Listed

Beautiful Ashburn Village Townhouse with Garage Just Listed For Sale

untitledThis spacious 3 level, 3 bedroom townhome in Ashburn Village is located at 20480 Cool Fern Square. It features 2 full bathrooms plus 1 half bathroom, along with a spacious 1 car garage and a driveway! Because of it’s close proximity to Routes 7 and 28, the Dulles Toll Road and Dulles International Airport this home is a commuters dream.

The highly sought after Ashburn Village Community offers many amenities to its residents, including: Community Centers, Pools, Lakes, Ponds, Tot Lots, Indoor & Outdoor Tennis Courts, Basketball Court, walking/jogging paths, along with access to the Ashburn Sports Pavilion. charming ashburn village lake gazebo

Enjoy shopping and dining just a few minutes away at the Ashburn Village Shopping Center, the nearby Dulles Town Center, and the Leesburg Corner Outlet Mall.

Main Level

Step into the 2-story foyer, with tile floors, a designer light fixture and a coat closet. Head up the stairs to the main level where a Large Family Room features crown molding and a beautiful fireplace.ashburn village for sale cool fern jsrealty4u

Enjoy entertaining with direct access to a large deck from the Family Room!untitled-8

A spacious and bright Kitchen boasts ample cabinet and countertop space, and has a peek-through window overlooking the Family Room. There is even plenty of space for a table.ashburn village for sale cool fern jsrealty4uA separate Dining area is located just off the kitchen. ashburn village for sale cool fern jsrealty4u

A powder room with a single sink vanity is also found on the main level.

Upper Level

A bright Master Bedroom features a walk-in closet and an additional large closet for extra storage and a ceiling fan. A private balcony is easily accessible through the sliding glass door.ashburn village for sale cool fern jsrealty4uIn the Master Bathroom, find a beautiful single vanity sink and tiled shower/tub combination. A bright windows allows lots of natural light to fill the room.ashburn village for sale cool fern jsrealty4uIn addition to the Master, 2 additional bedrooms are located on the Upper Level. Also found on this level is a 2nd shared full bathroom featuring a single sink vanity with a tile shower/tub combination.

Lower Level

A Laundry Room offers a full size washer & dryer and the 1 car Garage has shelving & peg board walls for additional storage.

Don’t miss out on a chance to own this beautiful, move-in ready home in Ashburn Village! Contact Sarah K. Taylor at 703-475-1003 to schedule a private tour.