TO PAINT OR NOT?

To paint or not to paint? This is a very popular question – we get this question almost every time we meet with sellers. Get started by taking a look around to evaluate your home. You have one chance to make a first impression and it really needs to count. Our market offers lots of options for Buyers, and making your home appealing to most Buyers will give you the best advantage when it comes to JS Realty Welcome Matreviewing offers.

Let’s start outside the home first.  Take a quick look around and consider how the entrance to your home looks.  Ask yourself, “Is it going to make the Buyer feel welcome?” Besides sprucing up the yard, take a look at your mailbox, fencing, lamp post and entry door. Make sure each of them look their best, and if not, a fresh coat of paint will do the trick.  Remember: if you have an HOA, choose colors your HOA will allow.

We highly recommend Benjamin Moore paint. They offer an amazing product – the application, the durability, and the longevity of it’s hundreds of color choices are just the beginning. Take a look at a few colors you might consider for your home:

Front Door: Dinner Party (AF-300)
Front Door: Dinner Party (AF-300)
Siding: Tate Olive (HC-112)
Siding: Tate Olive (HC-112)
Yorktowne Green (HC-113)
Yorktowne Green (HC-113)

When a Buyer enters the home, we want them to feel neutral so they are not distracted by someone else’s personal style. They should see your walls as a blank canvas, so they can begin to imagine their paintings on the wall next to their dining room set. Neutral can sound boring, but it does not have to be! Check out our top two favorite colors: Barley and Carrington Beige.

Barley (199)
Barley (199)

Barley has a touch of yellow tint to it, and this can create warmth in the home.

Carrington Beige (HC-93)
Carrington Beige (HC-93)

 

 

 


We also love Carrington Beige because it pairs well with cooler colors such as grays.

Paint is such a simple way to give you – The Seller – that competitive edge.  The more Buyers who can visualize themselves living in the home, the more often you have a chance at being the home they want to write a contract on. Ideally, appealing to more than just one Buyer can result in receiving multiple offers. This can often put the Seller in a position of strength when it comes to negotiating a strong offer with the highest price and the least amount of contingencies.

So the answer to that question is YES, definitely consider painting your home prior to listing it for sale. You want your home to look its best and appeal to all types of Buyers, with all types of styles!

Want to learn more about preparing your home for sale or determining your home’s value?
Contact us today for a FREE Home Analysis!

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

AVOIDING EMOTIONAL MISTAKES WHEN SELLING YOUR HOME

Selling your home can be a very stressful and emotional process. At JS Realty we strive to make the selling of your home as stress free as possible by handling all aspects of the sale and keeping you informed. Communication with our sellers is vital to keeping anxieties to a minimum. Navigating the many duties and obstacles in Real Estate takes an agent that pays attention to every detail of the transaction.  That is where we come in!

When you decide to sell your home, you need to change your mindset. It is very important to realize that while your home was a place where you lived and raised your family, it is now a product. This can be difficult for some, as we JS Realty Meeting Realtor Contractsbecome attached to our homes and have experienced many milestones, events and memories. By detaching yourself emotionally from the home, you will be better equipped to make smart financial decisions.

Decisions, like price, conveyance items, and showing instructions need to be addressed as business decisions with as little emotion as possible. Potential buyers are looking for not only the perfect home for them, but the best value as well.

Conveyance items (ones that can/will be sold with the home) need to be worked JS Realty Large Kitchenout before the home goes on the market. When a buyer decides to make an offer on your home you never know what combination of factors led them to their decision. If, for instance, a chandelier is mounted in the dining room and it does not convey, this needs to be made very clear to all potential buyers. If items such as shelves or bookcases that are attached to your home (also called fixtures), do not convey with the sale and are not clearly disclosed, this can make the closing process very stressful.

JS Realty Open House Showing Senior Home BuyersAnother important aspect of selling your home is to make it available for showings as much as possible. Limiting showing times can increase your days on the market due to buyers not being able to see the home on their schedule.

Selling your home is never an easy process, but using an experienced agent like the JS Realty Team will help make the selling process as smooth as possible. We have the experience and knowledge to head off pitfalls of the selling process before they happen.

Whether you’re selling your home soon or in the future, contact us for a free JS Realty Free home analysishome consultation and home analysis. We will make sure you know what to expect when selling your home and help to make the sale as stress free as possible!

The 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.

BUYING A HOME IN BRAMBLETON

Buying a home should be an exciting experience! When you finally decided “it’s time”, the JS Realty Team is ready to help guide you every step of the way. We are happy to make a recommendation for financing with one of our trusted lenders. We will put you in touch right away, so you can begin to understand how much you can afford and which financing options are the best for you.

Once you have the financing portion started, and you have determined your JS Realty Couple with Realtorpurchasing power, your designated agent with The JS Realty Team @ Samson Properties will schedule a home tour. Allow approximately 2-3 hours for your tour depending on your home selection. You are welcome to ride along with your agent, or follow along in your own vehicle.

We want to know more about your needs, and we will set aside time to learn more about you and help guide you on what is going to be the best fit for you. Our experience shows us that most buyers will narrow down their selection to 4-5 homes – from which they will choose one. When there are more homes than that on the tour, it probably means the agent didn’t narrow down enough “specifics”, or you are in luck with a massive inventory in your area and price range and are not too “picky”. You can help narrow down time by browsing through the photos and home features in the MLS listing your agent has sent you and eliminating any homes that are not strong candidates for your selection.

Suggestions for a productive home tour:

  • Have all decision makers on the tour
  • Be prepared with things to keep the kids busy on the tour so you can focus on notes and questions
  • Bring a digital camera and take pictures of each home or better yet, capture video. Your smart phone is great for this. Your agent would be happy to follow along and record for you so you can take notes.JS Realty Team Gorgeous Master BD
  • Have a pen/pencil and notepad to make notes. You will forget. It’s important to note LIKES and DISLIKES for each home.  Example: Island in kitchen is amazing. 2nd bedroom room for nursery is a bit small. Love the tub in the master bathroom! Home will need a deck.
  • Upon leaving each home, rank the home on a 1-10 scale on how likely you would be to write a compelling offer.
  • During the hot months, frozen bottles of water are a great idea for the trip. Some homes will not have power or air conditioning. In the cold months, remember your jacket and gloves.
  • Don’t wear shoes that you are worried about scuffing. You will be walking the lots to learn more about the property; keep in mind being able to be comfortable inside the home and out.
  • Be prepared to write an offer. Remember you are looking to buy a home so there is not much sense in touring homes when you are not prepared to buy, as those homes are certain to not be available at a later date.

JS Realty Team Young Family Looking at a Beautiful New Home with a For Sale Real Estate Sign in Front.If we have done our job, as your Brambleton real estate agent, you are prepared, have selected strong candidates, have your financing ready, have a comfortable knowledge of the process and you are ready to buy.

Think you are ready to start the buying process? CONTACT US TODAY. We’d love to help you get started!

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

WHAT IS AN APPRAISAL?

An appraisal is a written estimate of a home’s value. The JS Realty Team at Samson Properties educates both our buyers and sellers on this process.

The appraiser is an independent 3rd party who determines the value of the home in the current market by performing a market analysis. The market analysis will compare the subject property to similar properties in the immediate area while also comparing the condition of said properties. JS Realty Real estate comparisonAppraisers generally use 3 standard approaches to determine the market value of a property: The Cost Approach, The Comparison Approach, and The Income Approach. Combining these 3 approaches enables the appraiser to give their professional opinion on the market of the home.

Once a buyer ratifies a contract on the home of their choice, their lender will order the appraisal. The average cost is typically $400-$600. If you, as a homeowner, are looking to order an appraisal, keep in mind there are various types. Ordering the correct type of appraisal is critical. Don’t hesitate to contact us and we will help you understand the difference to make sure you spend your money wisely.

For more information concerning appraisals or if you or someone you know is interested in buying or selling Real Estate, contact Scott Koval or Sarah King Taylor, co-founders of the JS Realty Team. We take pride in our dedication to our clients and have helped over 700 families and counting in Loudoun, Fairfax, and Prince William counties!

CONTACT US TODAY

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

BEST HOME DEALS IN BRAMBLETON THIS WEEK

Brambleton is full of amazing homes – check out this week’s Best Deals!

JS Realty Redeemer Terrace Kitchen
42677 Redeemer Terrace

Brambleton’s Lowest Priced Townhome this week!

 

JS Realty Angelique Drive Home
22819 Angelique Dr.

Over 6,000 Sq. feet of home for only $674,900!

 

 

JS Realty Bronstein Lane Home

23102 Bronstein Lane

Brambleton’s Lowest Priced Single Family home.

 

JS Realty Mayflower Terrace Condo

42542 Mayflower Terrace

Brambleton’s Lowest Priced 1BD 1BA Condo.

 

 

JS Realty Settlers Trail
22667 Settlers Trail

Brambleton’s Largest Townhouse style Condo at the lowest price.

 

 

Are you thinking about buying a home in Brambleton? Contact us now – we’re the Brambleton Experts!

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

CONVENTIONAL VS FHA LOANS

An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA)

So why is an FHA loan a viable option to be considered?

Compared to conventional loans, an FHA loan offers some advantages for borrowers. Some of these advantages are due to recent changes in the rules for FHA loans, along with some changes in guidelines for conventional loans. Here are some things to consider when looking to purchase a primary residence or even if potentially refinancing a current FHA loan:

  • Allowable debt-to-income ratio: this is often higher on FHA loans than conventional loans
  • Waiting periods: If your credit has been impacted in recent years, FHA has the JS Realty Mortgage Loan Approvedfollowing waiting periods that are often much shorter than for conventional loans.

Bankruptcy (Chapter 13) = 1 year
Bankruptcy (Chapter 7) = 2 years
Foreclosure = 3 years [Conventional = 7 years]
Short Sale = 3 years [Conventional = 4 years]

  • Loan Limits: In the DC Metro Area, an FHA loan is limited to $625,500, with a 3.5% down payment. Conventional loans between $417,000 and $625,500 typically require a 10% down payment.

Recently, the FHA reduced the monthly mortgage insurance factors from 1.35% to .85%. This will mean lower monthly payments for purchases and provides current FHA loans to be refinanced with a lower mortgage insurance payment. For example, on a loan amount of $400,000, there is a monthly savings of $161 with the new monthly mortgage insurance payment. In addition, 100% of the down payment can come in the form of a gift from appropriate sources.

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.

JS Realty KHarris LenderKeith Harris
Senior Loan Officer

NMLS Registry # 838973
Office: 703.259.0788
Mobile: 703.395.6601
KeithH@icmtg.com

 

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

BUYERS GUIDE TO PURCHASING A HOME – Part 1 of 2

One of the most rewarding experiences is finding the perfect home at the right price for our home buyer. The JS Realty Team strives to find that perfect match. From the initial consultation to celebration/settlement day we guide our buyers through the entire process.

During the initial consultation, it is very important for us to find out as much asYoung married couple at desk in a business meeting JS Realty possible about what our buyer is looking for in a home. Every buyer has different needs and we want to tailor their search to those desires. Discussing the buyers comfort price, ideal location, school systems, and housing concerns (number of bedrooms/baths, garage, yard size, etc.) are just the beginning of what we cover during our initial consultation. After that, we follow a few key steps to getting our buyer into their new home:

1. Prequalifying with a Lender – We do this so our buyer will have a clear picture of what their home will cost. It’s important they know what a down payment, closing costs, and the mortgage payments will be in their desired price range.

2. Activate an Automatic Search – After being approved by the Lender, we will activate an automatic search that will send out all the homes that fit our buyer’s criteria. Anytime a new listing enters the market, our system will immediately email the home to our client. Using this feature allows us to stay on top of all new listings!

3. Listingbook Account – All buyers will receive an account Listingbook JS Realtythrough Listingbook which will allow them to search in real time, on their own, through the same MLS system that Realtors use.

4. Schedule Showings – Getting to preview the homes they have selected is an exciting prospect for the buyer. We will plan out a home tour and schedule showings, getting feedback from the buyer on the positives and negatives of the homes. This helps us refine the search and discover what they feel is most important in a home.

5. Offer Contract – Once the buyers finds the home, we will sit down and write the offer.  As we do this, we will explain the many facets of the contract and the contingencies that we build in to protect the buyer. We will include an approved prequalification letter from the Lender for the specific price of the offer being made, along with an earnest money deposit. This deposit is a check made out to Samson Properties will be deposited into an escrow account after the contract has been ratified. The money will wait there until settlement.

6. Submitting the Offer – Once we submit the contract and all appropriateDiscussing business activity JS Realty paperwork, the negotiating begins. This is where our experience of selling over $200 million in Real Estate transactions enables us to negotiate the best deal possible for our clients. If buyer and seller agree to all terms of the contract, we are ratified!

There’s still a way to go before calling the moving trucks! Read the 2nd half of our Buyer’s Guide, where we will walk you through the inspections, appraisal, and settlement.

 

REVIEWING AN OFFER TO PURCHASE YOUR HOME – Part 1 of 2

Great news – you’ve received an offer to purchase your home! …Now what?

In this 2-part series, we’ll walk you through everything to consider when reviewing an offer to purchase your home for a successful and smooth transaction.

Fully understanding all the points of the contract is imperative to negotiating the best possible result for our seller. The JS Realty Team strives to ensure our sellers have the best possible outcome in the many facets of the Real Estate transaction.

Now that you have an offer on your home, you and your agent need to do your due diligence on researching the offer. Whether you receive 1 offer or 5 – the Hands reviewing real estate property documents.contracts need to be carefully reviewed to ensure you know exactly what the potential buyer is proposing. Only after you have reviewed and researched all offers will you be able to proceed to choose the contract that works best for you.

At JS Realty we like to list all the negotiating points of the contract(s):

  • Sales price
  • Seller subsidy
  • Down Payment
  • Loan type
  • Earnest Money deposit
  • Settlement date
  • Title Company
  • Inspections – Termite, Home, Radon, Well and Septic
  • Home Warranty
  • Contingencies – Appraisal, Financing, HOA or Condo
  • Post settlement occupancy

First we will call the buyer’s lender and confirm that the lender has verified the buyer’s credit scores, income, debt to loan ratio, and money needed for down payment and closing costs. You do not want to ratify a contract and take your home out of “active” status, only to find out the buyer does not qualify for the loan.

Next we ask the following key questions about the offer and where the money is coming from:

  • How much did the buyer offer?
  • Are they asking for closing cost assistance?
  • What type of loan (conventional, FHA, VA or other) program?
  • Does the buyer’s down payment match up to the type of loan?
  • How much money did the buyer commit to an escrow account at the time of writing the offer? Note: We like to see a minimum of 1% of the sales price.

After you’ve answered the finance questions, it’s time to talk settlement dates! Make sure (as the seller) the date the buyer has chosen will work for you. Do you have enough time to schedule your move? Does the timing fit your moving plans? Do you need a rent back?  This is when you negotiate the timing of the transaction. Once you ratify the contract, you lose your leverage to negotiate different terms.

Now we will carefully review the conveyance section of the contract, making sure only the items that are supposed to convey are checked.  For example, if you do not want to convey your new front loading washer/dryer, now is the time to make sure the buyer did not ask for it!

Check back next week for Part 2Inspections, Warranties, Contingencies & Post Settlement Occupancy.

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