Earlier this month the JS Realty Team at Samson Properties provided a market analysis of Brambleton in Ashburn, Virginia. Today we are going to expand the market update to include all of Loudoun County, and compare the trends of the whole county to what we saw in the Brambleton subdivision.
Q1 2015 Loudoun County Market Update – Full Report
The Loudoun County housing market has also had a strong first quarter. The sold dollar volume is up + 19.56% from 
the previous year and units sold are also up +16.88%. The percentages are obviously not as large when compared to Brambleton, but keep in mind we are looking at Loudoun County as a whole, not just one of its most popular subdivisions. When you compare average days on the market in Loudoun County to the previous year you will see a modest increase from 58 in 2014 to 81 in 2015. This can be mostly attributed to the increase in inventory from the year before – classic “supply and demand”. Overall, similar to Brambleton, the whole county is experiencing a market that is on the move in a positive way.
The JS Realty Team also mentioned previously that the “buzz” in the lending world was that interest rates were going to rise slightly over the summer. We have seen that come to fruition over the last couple weeks. They have crept up a little, but are still close to historical lows.
We expect this positive market to continue for the foreseeable future. The JS Realty Team has stayed busy helping our clients achieve their goals through the buying and selling of homes. It has been a great year so far and we look forward to helping even more of our clients in the remainder of 2015.
Have a great summer! Don’t hesitate to contact a JS Realty Team member with any questions or to get a FREE no obligation home/market analysis on your home.
The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.
Tons of natural light floods in through wood case windows, and solid wood doors are found throughout the home. A two-car extended garage and spacious, paved circular driveway has lots of room for parking, and this home is perfect for those who want privacy but still need to commute – it’s only a short drive to Route 15 & Route 50.
The beautifully maintained yard with custom landscaping, mature trees, and stone walkway lead you to a spacious wrap-around porch. A 2-story deck with a screened in Gazebo is perfect for grilling & throwing parties or just enjoying your morning coffee & taking in the quite scenery around this lovely home.
It’s not always convenient to travel into Maryland when you’re craving some delicious Blue Crab. Did you know there were 5 great places here in Northern Virginia that serve it up fresh? These restaurants don’t disappoint! In fact, a few might even surprise you.
Tucked away in the Cascades Marketplace off Cascades Blvd, Captain Mas offers up all-you-can-eat blue crab. Their impressive menu is worth the wait, as everything is made to order and fresh!
This family owned restaurant is making a name for itself with it’s “Fresh-Off-the-Hook” seafood. Their current menu specials have just what you’re looking for!
Family owned and operated for 30 years, this “hidden gem” near Manassas features steamed & spiced blue crab by the dozen or half-dozen!
Head over to Lowry’s! Great food, and that fun, relaxed, “beach” vibe make this a great destination for freshly steamed blue crab.
Seems like this would be a pretty easy question to answer, but it really depends on the state that you are closing in, and how that state handles defining the term “settled”, or when escrow has occurred. Most often this has to do with the way the money is funded and disbursed, and how the Deed (the paper work that deems you are the owner of the property) is recorded and recognized in your state. Since we are located in 
the Seller to sell their home and then buy their next home. Physically, though, this can be a real challenge. Offering the Seller to stay a couple of extra days after settlement could be just what they need to make selling their home to you easier. In this case, you (the Buyer) will be offering a “rent back”. This is done through a signed agreement (a Post-Settlement Occupancy Agreement) that states they will stay in the home for a specified period of time, for a certain amount of money, and will be exiting the property on a specified date.
So does this mean you get keys or not? In most cases the Seller will agree to give you one set of keys with the understanding you will not need to access the property until the specified date that they will be exiting the property. Once they have exited the property you will be able to re-inspect the home and take possession based on the terms in which you both agreed to. This is pretty common and often occurs with little to no issues.
Technically it is, however we often do not recommend it due to many various risk factors that could make this a bad idea for both the Buyer and the Seller. There is a possibility that something unforeseen happens and the deal does not go through at the last minute. Or worse, if something tragic happens to the home while the Buyer is occupying it and the Seller is still the owner. This would create a potential insurance nightmare. The reasons this could be a bad idea are numerous, however if you and the Seller are prepared to face these risk and are able to come to mutual agreeable terms, this is an option and does occur from time to time. It would be similar to the “rent back” method and it is called a Pre-Settlement Agreement.
day of the settlement in the event something unforeseen causes a delay.
Let’s face it, nobody likes to pay taxes. Taxes are a necessary evil to keep our government running. Understanding how taxes are levied might help ease the pain… or inspire you to get involved and have your opinion heard.
holdings. When you sell a home the Seller pays a Grantor’s tax, and in Loudoun, Fairfax, Prince William, and Arlington Counties, along with the cities of Alexandria, Fairfax, Falls Church, Manassas and Manassas Park, the Seller also pays a “
Usually your mortgage company escrows money from your monthly payment to cover your property taxes. Lenders do this to make sure the taxes on the home are being paid so there isn’t a lien placed on the property. The amount the property owner pays is determined by the fair market value of the property. An annual assessment program is used to calculate the amount. Owners pay a percentage, known as the property tax rate, on 100% of the fair market value as of January 1. Current years assessments are based on the past year sales. Assessed values are determined by a mass appraisal of similar properties that have been recently sold.
Don’t confuse an assessment with an 
Another way taxes are collected is at the settlement of the sale of all property. The Seller pays a Grantor’s tax, and in some jurisdictions a congestion relief tax. Both of these are calculated by a percentage of the value of the home, either the sales price or the appraised value, whichever is higher. The Virginia General Assembly currently has set the rate at $2.50 per $1,000. The purchaser pays recordation taxes to the county and state. These tax stamps vary between the jurisdictions and are sent to the clerk of the court.
Collecting Real Estate taxes is a large portion of revenue for both the state and local jurisdictions. In 2014, Real Estate construction contributed 6.1% to the nation’s economic output as measured by the Gross Domestic Product. Real Estate drives many facets of our economy, so therefore it makes sense that it is a large part of the tax base.