5 Reasons You Need a Realtor

Do I Really Need a Realtor?

*Note: this blog was updated in August 2017*

In a previous blog we gave you tips on Choosing Your Realtor. But many people still wonder with the internet and it’s limitless supply of information and videos, available 24/7 – do you really need a Real Estate Agent in this day and age?

JS Realty Stress Realtor Man OnlineThe answer is YES, you absolutely do! In fact, there are actually some reasons you need a Realtor more today than ever before. Buying and selling a home is such an exciting time in your life. Why try to reinvent the wheel and spend countless hours researching market information or looking for a document that may or may not be outdated? Enjoy your time looking at homes and preparing for a successful transaction by hiring a Realtor to help you along the way.

5 Reasons You Need A Realtor

#1 – REALTORS HAVE ALL THE LATEST TOOLS!

Meeting Realtor ContractsAny full time Agent has a multitude of subscriptions to websites that assist or help in the home buying or selling process (you should see our username spreadsheet, it is several pages long!). Some of these sites have fees and some of them don’t, but just knowing which ones are useful or even good is a part time job. Your Agent will save you time and energy by using their resources to simplify the home buying or selling process. Agents also have access to the MLS, which has data that you can not find anywhere else on the web. It is up to the minute, Realtor-to-Realtor information about the property you may be interested in, or the neighborhood you may be selling in. Let your Agent give you current, relevant information instead of the outdated listing you may find while surfing the web.

#2 – REALTORS KNOW THE MARKET

JS Realty Market Cloud Bubble Analysis RealtorThis is what they do all day – they live and breathe real estate. A seasoned Agent knows how deals are being negotiated in certain markets, they know the feel for whether or not a micro-market is hot, whether it is a sellers’ market or not, etc. And this is just the beginning! Having an Agent help you understand how to not just present your offer, but how to make it a winning offer that suits current conditions is vital. This knowledge of the market applies to 6 or 7 different topics within the contract alone that can make or break your offer. Your Agent already knows what others are currently doing in these markets, so why waste time trying to figure it all out yourself?

#3 – REALTORS KNOW HOW TO SELL AND SELL FAST

JS Realty Showing Home RealtorRealtors know how to sell homes – it’s their job! They know the latest tools to use and what the buyers want. Today, prospective buyers expect professional photos and videos to accompany your listing. Let your real estate Agent handle staging and marketing your home across various channels. Plus, let them screen candidates before you spend your valuable extra time cleaning your home for a showing. Your Agent won’t waste your time showing off your home to someone who is not even qualified to buy it.

#4 – REALTORS KNOW HOMES!

JS Realty Magnifying Glass Looking Inspecting RealtorA seasoned Agent has attended and negotiated dozens of home inspections. This brings them to a level of experience and knowledge that can only be learned by navigating a variety of challenges and different homes with different issues. If you are selling, they can prepare you to avoid certain hurdles by making the necessary repairs in advance. If you are buying, they can look for potential issues while you enjoy looking at the size of a room and envisioning where your TV will fit on the wall. An expert eye will be looking for water leaks, a yard that may have potential issues or even just the age of the appliances and major systems. Being able to have multiple sets of eyes and different perspectives can really make or break your buying or selling experience.

#5 – COORDINATION SKILLS AND RESOURCES

JS Realty Files Notebook Realtor DeskYour Realtor will have access to the multitude of current documents that are needed along the way. Just making an offer can be a 28 page document! In addition, there are contingencies to attend to and either negotiate and/or remove. There may be notices that need to be provided or documents to receive. A great Realtor will have systems in place to keep track of each and every aspect of not only the contract, but coordinating all the folks that help you buy the home. Do you really want to worry about whether you ordered your termite inspection and who needs it after it is done? What happens if there are termites, and how do you address it to keep you in compliance? A great Realtor will make it all look simple.  Just know that on the back end there is a lot going on that you don’t have to worry about. You have enough to take care of with the loan process, packing, and moving. Focus on your new home and let the experts take care of the rest!

The JS Realty Team is dedicated to building lifelong relationships, and helping clients fulfill their dreams through ethical, honest, and fair real estate solutions. We have over $500 million in closed transactions, and our Team of professionals is ready to help you buy or sell a home!

Loudoun Brambleton JSRealty4U Realtor
The JS Realty Team @ Samson Properties

CONTACT US TODAY!

 

MARKET UPDATE – LOUDOUN COUNTY

JS Realty Flag LoCoEarlier 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 JS Realty Where Market Going Newspaperthe 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.

JS Realty Buyer Seller Road SignWe 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.

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The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

MARKET ANALYSIS – BRAMBLETON

It is always a great idea to check in and understand how our real estate market is doing. So today we are taking a look at our local market – specifically 20148. This includes all of the Brambleton market and some other great surrounding neighborhoods.

For the full report, click here: Market Statistics-20148-Q12015

real estate market graph increaseIn the first quarter of 2015, things are looking pretty positive all the way around. Our most impressive number is the sold volume dollars, which is up by + 34.7%. The number of units sold is up by +34.26%. This tells us quickly that there was a larger selection of homes for Buyers to choose from, and they did in fact choose to buy – which pushed these percentages up. Interestingly enough, this did push days on the market up just a bit, as it rose 13.79%.  Days on the market increasing gives a slight lean towards a Buyers’ market, which is reflected somewhat in the average sold price per unit, which is down slightly -0.80%.

JS Realty variable mortgage ratesThe key fact here is the the market is moving! Sellers are listing and Buyers are buying. Interest rates remain at a historically low rate, keeping our market healthy. The “buzz” in the lending world is that we should expect to see interest rates rise slightly, potentially headed towards 5% within the next 12 months. Keep this in mind while planning your next move, whether it is buying or selling, as both markets will feel the effects of higher interest rates.

Brambleton is located in the 20148 market and it remains a hot neighborhood not only locally but as a nationally recognized, award winning community!

Fun Facts about the Brambleton market:
JS Realty Female Women Cafe Lunch-Average adult age is 42
-Average household income is $139,971
-There are +2.32% more females (in the local population)

The JS Realty Team are your local Brambleton experts! We offer 4.5% Full Service Listing fees and cash back to our Buyers!  If you are looking to Buy or Sell, contact us today for a free analysis of what we can do for you.

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The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

WHY MORTGAGE RATES CHANGE

What causes changes in mortgage rates? There are any number of reasons for mortgage interest rates to fluctuate and we’ve broken down some of the more common reasons to help you gain a better understanding of this ever-evolving market.

Mortgage Bond Prices:
JS Realty Opposite directionsInterest rates and mortgage bond prices are inversely related. If mortgage bond prices go up, interest rates go down.

Economic Conditions:
Generally speaking, when economic reports/conditions are positive, interest rates will rise. Just this week, the report on retail sales was flat versus the expected .2% increase. This helped keep interest rates down. Last week the jobs report was positive, unemployment was lower than expected and more jobs were added to the economy, which caused interest rates to spike. These are subtle changes that can greatly affect the mortgage industry.

Federal Reserve Building JS RealtyFederal Reserve System:
Janet Yellen
, Chair of the Federal Reserve System, plays a large role in the interest rates for the mortgage industry. For a number of years the Federal Government was purchasing large amounts of mortgage backed securities in an effort to keep interest rates low. The Fed monitors the economy and will influence the interest rates to control the economic growth of the US. By decreasing interest rates, the Fed is attempting to spark growth in the economy and encourage borrowing. If the economy is growing, they will use rising rates to control the growth.

Inflation:
Inflation is a prominent economic factor and a key concern for the industry. Inflation increases prices and decreases the spending power in the economy. As inflation rises, interest rates will also rise.

JS Realty Lock Interest RateIn summary, there are many factors that influence mortgage interest rates. All of these factors are outside of our personal control. When it comes time that you need a loan to purchase or refinance a home, you will be faced with making a decision to lock in your interest rate or let the rate “float” in hopes that the market improves and you can get a lower rate. Here is my advice in regards to that decision:  It is much better to be locked in with rates falling than floating with rates rising.

JS Realty KHarris Lender
Keith Harris     NMLS # 838973

Every borrower has a unique need, as far as their loan is concerned. If you have any questions or would like more information, please contact our preferred Lender, Keith Harris at Intercoastal Mortgage Company.

 

 

The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

MULTIPLE CONTRACT NEGOTIATION

Great job! You presented your home in great fashion and priced it correctly, so now you have multiple offers on your home. But how do you decide which contract to ratify? Obviously, price is a major factor, but it’s not the only factor you should consider. Financing, contingencies, rent backs, settlement dates and conveyances are other items you need to consider before deciding on which offer to work with.JS Realty working on computer contract

Your Real Estate Agent will guide you through negotiating the best terms and conditions possible. At JS Realty we use a spreadsheet that lists all the important, negotiable components of the offers side-by-side to make it easier to compare offers. Start with your highest offer and work your way through the other elements of the contract. This is the time you have the most leverage in your negotiations, so use it wisely!

Following is a list of the other components of the contract that you should review closely with your Real Estate Agent:

Buyer’s Financing – is the offer a conventional loan or is it a government backed JS Realty Calculating Money Finance contractloan such as an FHA or VA? Conventional loans tend to have less stringent home inspection and appraisal requirements.

Home Inspection Contingency – if an offer has no home inspection or if the home inspection is for informational purposes only, that could save you (the Seller) money on repair costs.

Settlement Date – if you would benefit from a rent-back now is the time to put JS Realty calendar close upthat in place. Sometimes we are able to negotiate a free rent back in multiple offer scenarios, which gives you the freedom to make your move easier and less stressful.

Appraisal Contingency – this can be the hardest contingency to get waived, but in some multiple contract situations we have been successful in getting the appraisal contingency waived.

Contingency Timelines – you will want to shorten the timelines for home JS Realty Checkboxinspections and any other inspections to as short as possible. The job of your Real Estate Agent is to get all of the contingencies in the contract released as soon as possible. Appraisal & financing contingencies are difficult to shorten too much, because you are relying on 3rd parties to do their job, so therefore you have less control.

Down Payment – how much a buyer is putting down for down payment and JS Realty Close up on a pen writing a checkearnest money deposit also plays a part in your decision for which contract to choose. The more money a buyer has invested in the transaction, the more committed they are.

Remember: this is when you hold the most leverage of any time during your transaction, so make it work for you!

Feel free to reach out to the JS Realty Team with any questions about multiple contracts or any other Real Estate related questions!

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The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

UPCOMING FESTIVALS IN LOUDOUN COUNTY

Take advantage of the gorgeous weather this May and June and check out these fun (and delicious!) pre-summer festivals in Loudoun County! JS Realty Purcellville Music Art FestivalPURCELLVILLE MUSIC & ARTS FESTIVAL SATURDAY, MAY 16, 2015 10AM – 7PM Fireman’s Field 250 South Nursery Avenue Purcellville, VA 20132 Admission: Free with local foods, wines and beer for sale. The Purcellville Music & Arts Festival is a family friendly event offering three outdoor stages, featuring a wide range of entertainment. Experience the best Purcellville has to offer with local foods, wines and beer for sale. ANNUAL HOTTEST COOL JAZZ FESTIVAL JS Realty Chrysalis Wine Festival SATURDAY, MAY 16, 2015 SUNDAY, MAY 17, 2015 10AM – 6:30PM (both days) Chrysalis Vineyards 23876 Champe Ford Road Middleburg, VA 20117 Admission: $20.00 in Advance, $25.00 at the door Enjoy the 13th Annual Hottest Cool Jazz Festival at Chrysalis Vineyards, showcasing local musician and plenty of vendors to please the crowd. LOVETTSVILLE MAYFEST JS Realty Lovettsville Mayfest Festival SATURDAY, MAY 23, 2015 10AM – 6PM Town of Lovettsville 6 Pennsylvania Avenue Lovettsville, VA 20180 Admission: Free – open to the public Welcome in spring with your entire family at Lovettsville’s 4th annual MAYFEST! Bring the kids to our Fun Zone (moon bounce, dunk tank, face painting, pie eating contest, rock climbing, pony rides) while you enjoy live music, a glass of local wine and enjoy the majestic Loudon County countryside! STRAWBERRY JUBILEE AT GREAT COUNTRY FARMS SATURDAY – SUNDAY, MAY 23, 2015 TO MAY 24, 2015 SATURDAY – SUNDAY, MAY 30, 2015 TO MAY 31, 2015 9AM – 6PM (both days) JS Realty Strawberry Festival Great Country FarmsGreat Country Farms 18780 Foggy Bottom Rd Bluemont, VA 20135 Admission: $10/child, $12/adult Join the biggest u-pick strawberry festival in Northern Virginia! The Jubilee will be packed with live music, farm contests, u-pick strawberries, and great food. The infamous Pie Eating Contest and Tart Toss will keep you smiling. Bring your camera to have your photo taken with the Royal Strawberry Princess and blow magical bubbles. JS Realty Bram Brew Festival 2015BRAMBLETON BREW FEST SATURDAY, MAY 30, 2015 1 – 6PM 42395 Ryan Road Brambleton, VA 20148 Admission: For pricing and ticket purchase, click here. Kids 12 and under are free. Kids are welcome to attend but it is an adult focused event. Welcome to the Inaugural Bram Brew Fest presented by Lost Rhino! If you are a true craft beer lover and a supporter of local breweries than the Bram Brew Fest is for you! Featuring almost 25 breweries that are within a drivable distance from Brambleton, so after you have your taste you can easily visit the brewery later! Food will be available for purchase. ANNUAL STRAWBERRY FESTIVAL AT OATLANDSJS Realty Oatlands Strawberry Festival SATURDAY, MAY 30, 2015 10AM – 4PM Oatlands Historic House and Gardens 20850 Oatlands Plantation Lane Leesburg, VA 20175 Admission: $20 per family/$10 adults, children under age 3 are free Did you know that strawberries are a part of Oatlands’ history? Come celebrate the return of strawberries to Oatlands Plantation at the 1st Annual Strawberry Festival! Enjoy the Southern Winds band, lots of games, u-pick strawberries, hay rides, Pop Pop’s kettle corn and lemonade, Hill High BBQ, strawberry contests, beer and wine, and more! 17TH ANNUAL HARPER’S FERRY OUTDOOR FESTIVALJS Realty Harpers Ferry Festival 2015 FRIDAY, JUNE 5, 2015, 6:30 – 11PM SATURDAY, JUNE 6, 2015, NOON – 11PM Blue Ridge Center for Environmental Stewardship 11661 Harpers Ferry Rd Purcellville, VA 20132 Admission: $15 Friday and $20 Saturday, $30 for both nights, includes the cost of camping! Come to the Harper’s Ferry Outdoor Festival! Browse through vendors’ displays and have a bite to eat from participating local restaurants. Dance the day and night away with many great bands. Get out your paddle or running shoes and participate in one of the many races. Enjoy lots of interactive activities for children. As always, camping is free with admission. BREAUX VINEYARDS ANNUAL CAJUN FESTIVAL & CRAWFISH BOIL SATURDAY, JUNE 13, 2015 JS Realty Breaux Cajun Festival 11AM – 6PM Breaux Vineyards 36888 Breaux Vineyards Lane Purcellville, VA 20132 Admission: $16 Pre-sale, $20 at the gate (day of event), $12 For Cellar Club members Join your Cajun cousins at Breaux Vineyards for the 18th annual Cajun Festival and Crawfish Boil.  Enjoy wine tastings, craft vendors, Cajun fare for sale, and more at this annual celebration of our Cajun heritage.  There will be live music all day! Activities for the young (and young at heart!) include clowns, balloon art, and face painting.  Laissez Les Bon Temps Rouler!

Looking to buy or sell a home in Loudoun County? Give us a call!JS Realty Free home analysisThe JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

MEET OUR PREFERRED LENDER

The JS Realty Team is excited to introduce you to our preferred mortgage lender, Keith Harris!

JS Realty KHarris Lender
Keith Harris,               NMLS #838973

Keith is a Licensed Realtor and Associate Broker who has been in the real estate industry since 2003 and the mortgage industry since 2011.  Since then, Keith has closed over $250 million in real estate and mortgage transactions.  His previous experience as a Realtor is valuable to both real estate agents as well as the borrowers, and he views both as his clients. You can be sure that Keith is always looking to provide the best solution for the borrower. He is available to meet with clients when it’s most convenient for them – so if the typical work week makes it difficult to get together, Keith is available on weekday evenings and most weekends. Keith’s professionalism, integrity, and stellar work ethic goes above and beyond to ensure his clients get the best possible outcome.

For 10 years, Keith has coached youth sports and he takes a similar approach in coaching his clients to get to a “winning” solution!

JS Realty Intercoastal MortgageKeith Harris is a Lender at Intercoastal Mortgage Company. They are committed to spending the necessary time to understand your needs and tailor a loan best suited for you.

As a Full Service Residential Mortgage Lender, there’s no need for a “middle man”.  These are only a few reasons why Keith is our preferred Lender:

  • Direct Local Lender – not a broker
  • Extremely competitive rates
  • In-house Processing, Underwriting, and Closing
  • Uses only local Appraisers who know our market
  • Takes care of completing your loan application &  paperwork
  • Specialize in complex scenarios and First Time Homebuyers
  • Free, 1-time float down, once rate is locked (scenario specific)
  • Offers the following:
    • FHA, VA, Conventional FNMA & FHLMC, Jumbo and Super Jumbo, USDA, Construction Loans, Bridge Loans, No Money Down loans
  • Licensed in Virginia, Maryland and District of Columbia

JS Realty Equal Housing LenderTo apply online, click here to fill out the loan application. There is no cost or obligation associated with obtaining a preapproval from Intercoastal Mortgage Company.

JS Realty Free home analysisThe JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

MARKET REPORT FOR ASHBURN, VA

From the number of active homes on the market to the number of homes sold so far this year, the JS Realty Team will keep you updated on the Ashburn Real Estate market.

As of April 5, 2015 there are currently 473 homes on the market in Ashburn Virginia. Ranging from a 2 bedroom, 1 bath condo listed for $182,900 to a gorgeous home sitting on over 11 acres that boasts over 8,000 finished square feet of living space for $2,499,990. The median list price is $515,000 – which is slightly above the median list price for Loudoun County ($500,000).

JS Realty Ashburn sales price and volume chartThis chart shows the median sales price vs. sales volume. Home prices typically follow sales volume with, of course, a little lag time. (Click image to enlarge)

 

So far in 2015, Ashburn Virginia has real estate market graph increaseseen a pretty steady pace of sales with 280 homes sold. Inventory typically increases this time of year and we are looking forward to a busy spring market. All the signs are there – low interest rates, slowly rising home prices, as well as buyers and sellers looking to make a move.

If you are looking to buy or sell a home this year Scott Koval and Sarah King Taylor of the JS Realty Team would be glad to meet with you to discuss your options. In our initial consultation, we focus on finding out exactly what our clients are looking to accomplish and then we will map out a plan of action to help them achieve their goals.

Contact us today – we are here to help you!

The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.

AN OVERVIEW OF LOUDOUN COUNTY’S 2014 HOUSING MARKET & 2015 TO-DATE

As you may recall, we had a long and cold winter in 2014. shovel snow
It has been said that the weather played a role in our local economy. The year started out strong, but quickly shifted into an unusually slow spring market and then to an even slower summer/fall market. However, when we look at the big picture, it wasn’t all bad.

Here’s the big picture: Market Statistics-LoudounCountyVA-2014

Sales were down -7.89% for the year in Loudoun County, but the good news is that the Average SOLD Price was actually up by +3.5%. And even though the number of homes sold were down, the average days on the market also decreased – from 59 day on the market (DOM – 2013) to 44  days (DOM – 2014). Essentially, houses were sold over 2 weeks quicker!

We are looking forward to a strong and steady 2015, and so far all indications real estate market graph increaseare showing that this year is starting out strong! In January of 2015, closed sales showed a modest increase of +1.8% higher than in January 2014. There were 589 new listings that posted this past January, a +5.4% increase over the number listed in the same month in 2014. The $410,000 median sales price this January was 4% lower than the same month last year, though the $550,000 median sales price for detached homes increased 5.7%. The median list price for new pending sales was $420,000, less than 1% below last January’s $423,982 level for new pending sales.  This reflects a recovery from our slower summer/fall of 2014.

As you can see, all in all, things are looking UP for 2015!

Want to understand more about your neighborhood? Contact us today for detailed information about your neighborhood. We are always happy to provide a FREE HOME ANALYSIS!

 

The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.