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
In 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%.
The 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:
-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.
The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.
What does “Short Sale” really mean?
Option 2 – Sell Short. This option requires you to ask the Lender if they would be willing to allow you to sell your property as a short sale and forgive you the amount you owe, plus closing cost.
We’ve got a great new listing in Herndon, VA!
Summer is just a few weeks away and one thing we love during the summer is delicious BBQ! We asked roughly 150 Loudoun County residents to help us narrow down the BEST BBQ in our area. And after whittling it down to the Top 5, we then, of course, had to taste for ourselves! We grabbed our buddy Brian from 
This amazing, family owned BBQ joint is worth the drive, no matter where you live! The menu is simple – mouth-watering meats and house made sides. Sauces are also made fresh, from scratch and from local beers, wines, and spirits. They have 16 beers on tap and feature a full bar. Bonus: Bacon on a stick!! Thick, crispy, ham-like bacon… on a stick. Yum.
ResQ BBQ just opened their first location! They’ve taken over the concession stand at Evergreen Sportsplex and the unique outdoor location makes it feel like you’re at a backyard BBQ. Their menu features an assortment of sandwiches, snacks, and a flavorful, juicy brisket.
Tender and tasty BBQ for sure. They have a good selection of meats, salads, sandwiches, chili, and “house made” side items. Do yourself a favor and order the BBQ-Ranch Beans. Those alone are worth the trip! Bonus: 1/2 Price Ribs on Tuesdays from 4-9PM, craft beers and Lost Rhino Root Beer on-tap!
A true BBQ “Joint”! This true North Carolina BBQ meat is hickory smoked, and the pork, beef and chicken are hand-shredded. Ribs fall off the bone and there are a great selection of sauces. The menu is simple and straightforward. All the sides are “house made” and very tasty. Bonus: Amazing corn bread and fresh baked pie!
An interesting twist on the traditional. This new, locally owned and operated spot is where taco meets BBQ. The Pit Master smokes all the meat for about 12 hours, then hand pulls it. Besides being able to build your own taco, the menu features a yummy chili (a family recipe!), salad options, and kids meals. Bonus: There’s a bar! And all meats, sauces, and most ingredients are gluten free!
Home Inspection – this is the time we ensure all home inspection items have been resolved satisfactorily.
While we are performing the walk-through, your JS Realty Agent will be checking off all items on the home inspection list that the Seller agreed to remedy. One by one we make sure those issues are taken care of, and when applicable, have a written and paid receipt from the contractor that performed the work.
If there are unresolved issues stemming from the walk-through, your JS Realty Agent will contact the listing Agent and work to resolve the issues. Once we are satisfied that the home is in the proper condition, we will have you sign off on the walk-through.
You make an offer on your dream home and within your offer there are several areas that you fill in that reference the word “contingency” – what does this mean, and why is it important?
you are allowed to void the contract and receive your 
From the Seller’s prospective all of the contingencies are a risk, and if you make the contingencies too long or to aggressive, you risk turning the Seller off in regards to your offer. Most Sellers are looking for short timelines and to secure the strongest offer they can get. So the bottom line is, keep your contingencies to a reasonable and attainable limit, protect yourself, but also help instill confidence and security within your offer to the Seller.
BUYER TIP
So what does that mean in plain English? If you are purchasing a home, ratification of the contract begins the moment the contract has been delivered to all parties with ALL of the terms agreed to in writing. This is the moment when you all are committed to each other and the terms of which you have agreed to work under. This is the moment when the timelines that you set in the contract begin (unless otherwise stated that they begin based on other terms). So your Realtor is congratulating you on the fact that all parties have reached an agreement and will be moving forward.
point of being ratified, so getting your contract ratified means they are committing to your terms and no one else’s. Also, as the Purchaser, you will want to know when the home inspection deadlines, appraisal deadlines, financing contingencies and other contingencies actually start. You will want to ensure that you meet the terms of your agreement and stay within the timelines to protect certain rights of yours within the contract.
So, the next time your Realtor congratulates you on officially being “ratified”, you will know that this is in fact a great moment and worth a little celebration!
loan such as an FHA or VA? Conventional loans tend to have less stringent home inspection and appraisal requirements.
inspections 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.