OPENING SOON – RESTAURANTS IN LOUDOUN COUNTY

With how rapidly Loudoun County is expanding, it’s not surprising more shopping and retail centers are popping up. Luckily for us, along with the shopping comes a chance for new and exciting places to eat. We’ve scoured the county and found some hot new restaurants that are opening soon!

BRAMBLETON

JS Realty Lost Rhino Retreat 2015 orangeLost Rhino Retreat
The perfect place to grab a seat on the patio, sample locally brewed beer and enjoy a menu of vibrant, exciting food. The adventure begins soon!

LOUDOUN STATION

JS Realty Basil Leaf LogoBasil Leaf Mediterranean Grill
Every dish is customized to your taste, with healthy options made fresh daily, including vegetarian and allergy friendly options.

JS Realty burger 21Burger21
The owners of The Melting Pot Restaurants have created a modern fast-casual burger restaurant that offers a unique variety of high-quality food in a hip environment. And they are committed to their community – each restaurant donates 10 percent of the day’s proceeds to a local charity or school on the 21st of each month.

VILLAGE AT LEESBURG

JS Realty Bon Chon ChickenBonChon Chicken
Bonchon, the Korean word for “my hometown” is cooked-to-order chicken, made with the highest quality ingredients and hand-brushed, piece-by-piece, with savory, secret sauces.

JS Realty Smokehouse LiveSmokehouse Live
Enjoy the highest quality meats, seasoned and smoked for hours over locally-sourced white oak. Sample local craft & macro beers, as well as bourbons, whiskeys and regional specialty sodas. All while listening to live music from local and touring Country, Bluegrass and Americana Roots artists.

ONE LOUDOUN

JS Realty Plan B Burger LogoPlan B Burger
“Good Booze. Great Burgers.”
With a tag line like that, how can you go wrong? Offering healthy, fresh, quality food, served with style and fun.

 

JS Realty Matchbox PizzaMatchbox American Pizza Bistro
The artisanal pizzas are baked in a brick oven packed with a blend of wood that gives each a unique flavor. Their bistro menu offers ever-changing new and unique flavors.

JS Realty Sense of Thai5ense of Thai St.
This is the place where your senses will guide you. Experience the rustic, vibrant, tasty and fun food that reflects Thai street food.

Redskins Grille
Hail to the Redskins! Located in the heart of One Loudoun, the Redskins Grille will be an 8,500 square foot, state-of-the-art sports restaurant from the G.R.E.A.T. Grille Group.

JS Realty Eddie MerlotEddie Merlot’s Aged Beef and
Seafood

Quality, exceptional service and an unparalleled atmosphere have made Eddie Merlot’s one of America’s great steak houses.

 

Looking for a new community to call home? CONTACT US today for details on the amazing properties we have available in Loudoun County!

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

THE LOAN PROCESS

Unclear about the Loan Process and all that it entails? Listed below are the Loan Process steps to help you understand what will take place.  If you’d like to download a PDF version to save, please click here: The Loan Process

JS Realty PreApproval BlockA pre-approval is a commitment by a lender to make a mortgage loan to a specified borrower, prior to the identification of a specific property. The pre-approval process starts with an interview and completion of a loan application, and ends with the lender issuing a pre-approval letter demonstrating that the applicant is a suitable buyer. The lender will typically require at minimum 2 years of W2 statements, 2 years of federal tax returns, 2 month’s of asset account statements, and a satisfactory credit report.

JS Realty Rate Lock BlockAt this step the lender issues a written agreement guaranteeing the borrower a specified interest rate, provided the loan closes within a set period of time. To lock a rate the applicant must have a ratified contract and an established settlement date.

JS Realty Disclosure BlockThis is when the lender offers the official Good Faith Estimate, Truth in Lending Form and loan disclosures. These documents need to be presented to the applicant within 3 days of lock and will need to be signed and returned to the lender. It is also common for the lender to request additional supporting documentation at this point.

JS Realty Appraisal BlockAn appraisal is a written analysis of the estimated value of a property prepared by a qualified appraiser. This process is performed to make sure that the property is of fair market value and supports the agreed upon purchase price.

JS Realty Processing and Underwriting BlockDuring the processing step the Loan Officer and his/her staff will gather and analyze all of the information to ensure that the applicant’s loan will meet the specific program guidelines. The Underwriter will then complete the final review of documents to verify that all appropriate disclosures and documentation is completed to support the issuance of final loan approval. It is common for the Underwriter to request additional explanations or documentation during this process.

JS Realty Closing BlockThe closing is a meeting in which the sale of a property is finalized with the buyer signing the mortgage documents and paying closing costs. Also called “settlement.” This is where the applicant receives their keys to their brand new home!

If you or someone you know is interested in purchasing a home or needing to refinance, please contact me!

JS Realty KHarris LenderKeith Harris
Senior Loan Officer
Intercoastal Mortgage Company
Direct: (703) 259-0788
Cell:    (703) 395-6601
NMLS ID # 838973

 

Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates terms and conditions are subject to change.  ICM NMLS# 56323 (www.NMLSconsumerAccess.org)

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.

A BUYERS GUIDE TO PURCHASING A HOME – Part 2 of 2

If you missed the first part of our Buyers Guide to Purchasing a Home, you can find it here.

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 home buying process.

Congratulations – your offer has been accepted! Here are the next steps that need to take place in order to complete the transaction.

1. Home Inspection – the first step after ratification is to schedule the homeJS Realty Home Inspection inspection. At the same time as the home inspection, we will schedule any other inspections we deem necessary. We will meet our buyer and Inspector at the home for the inspection. After a thorough inspection, the Inspector will provide us with a full report of the good features as well as areas of concern about the home. We will review this report with our buyer and decide which items we will ask the seller to fix. If there are major concerns that make the buyer too uneasy about the home then we will void the contract and search for other homes. If the buyer and seller agree to the home inspection terms, then we will move on to the next step. As long as we are comfortable with the inspections, we will proceed.

Note: At this time the buyer has 2 responsibilities: to secure their loan and to obtain homeowners insurance. We handle all facets of the transaction except for these 2 items.

2. Order an Appraisal – the next major step is for the buyer’s Lender to order the appraisal. If the property appraises at or above sales price then we will release the appraisal contingency.

3. HOA Disclosure Packet – also at this time, the buyer will be receiving the HOA Disclosure packet if the home is located in a community that has a HOA. The buyer will have a certain time period, based on method of delivery, to JS Realty Checkboxread the disclosure packet and by Virginia law if they are not content with the rules and finances of the community, the buyer can void the contract.

4. Schedule Settlement Date/Utility Transfer – now that home inspection, appraisal and HOA disclosure contingencies are released we are moving towards settlement/celebration day. We will coordinate a date/time for settlement, and help our buyer schedule the transfer of utilities to their name as of the settlement day.

5. Final Walk-thru – a walk-thru of the home is performed, at the very least the day before settlement. This is where all repairs from the home inspection will be checked to make sure they were made to our satisfaction. We will also run any and all mechanical items to make sure the home is in the same condition as it was on the day we performed the initial home inspection. If there are any discrepancies we will address them with the seller’s agent and have the issues resolved.

6. Settlement/Celebration Day! When settlement/celebration day arrives, we will accompany our buyer to settlement and make sure all the figures on the HUD-1 are correct and help answer any last minute questions our buyer might have.

The JS Realty Team really cherishes this moment for our buyers. From the initial consultation until we reach settlement day, we will work hard to overcome the many obstacles of buying a home to ensure a smooth transaction for our clients. Our satisfaction comes from seeing our happy buyers and in knowing that we have created a relationship that will last a lifetime. The JS Realty Team is not interested in a single transaction, but in forming a relationship with our clients so they know we will be there to help them with their Real Estate needs now and in the future.

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.

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.

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

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

House contractIn this 2-part series, we’re walking you through everything to consider when reviewing an offer to purchase your home for a successful and smooth transaction.  If you missed PART 1, you can find it here.

 

Now that we’ve reviewed the offer, checked out all the loan info and gotten a settlement date, it’s time to discuss Inspections, Warranties, Contingencies, and Post Settlement Occupancy.

Most contracts have the following contingencies:

  • Home Inspection
  • Radon test
  • HOA disclosure
  • Financing & Appraisal

When the JS Realty Team is representing the seller we want to keep the timeline for these contingencies to be as short as possible. The sooner we can close the contingencies, the better chance for a smooth settlement!

So, who is responsible for ordering the pest/termite inspection?
We like our clients to be in control of that process. Termite companies don’t make money on inspections; they make their money treating homes for pests. Therefore, we want to make sure we hire a reputable company.

Ideally, the home inspection and radon test are done within 7 days of ratifying the contract. If there is an issue with the home that the buyer is not comfortable with, we want to know as soon as possible. That way we can solve the problem or release the buyer and get the home back on the market immediately.

If the seller’s home is located in a HOA, then the seller needs to order their resale disclosure packet as soon as contract is ratified. By Virginia law, the buyer has a prescribed time (dictated by how the disclosure packet was delivered) to review the disclosure packet.  If the buyer is not comfortable with the rules or finances of the community, they can void the contract. It is very important to get this contingency released as quickly as you can.

Appraisal – this takes, on average, 2-3 weeks. The lender orders the appraisal soWomen working in the real estate company you need to give them time. Financing is typically 3-4 weeks and it is the weakest of the contingencies. The buyer has control over the home inspection and HOA disclosure contingencies; however they do not have as much control over the appraisal and financing.  That is why we want the Home Inspection completed and HOA documents reviewed as early on in the process as possible.

Another item to consider when ratifying your contract is whether or not you need a Seller Post Occupancy period. This needs to be negotiated at contract time where the seller has the most leverage.

JS Realty also offers a home warranty for our seller’s during the listing period.  If we have agreed to purchase the buyer’s a warranty for their first year, it would be put into place at settlement.

As you can see, staying on top of all the different components of the sales contract is essential to a smooth transaction. Again, the sooner we can close the contingencies, the better chance for a hassle free settlement! The JS Realty Team strives to ensure that our sellers have the best possible outcome in the many facets of the Real Estate transaction.

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

BRAMBLETON EVENTS – SPRING 2015

The JS Realty Team here, keeping you up to date on Brambleton’s upcoming events.

 ONLY 18 more days till spring – I know we are excited and ready!!!

Flowers Blooming in Brambleton during Spring Brambleton Upcoming Events for March and April of 2015: Toast Masters 1st Tuesday of every Month
Click here for event specifics

Yard Debris Recycling will resume on March 3rd
Please see the community website

Summer Sexy Showcase
March 8th from 2 – 6PM
Location: Brambleton Corner Clubhouse and Pool
We’re Bringing Sexy back to Brambleton with our Summer Sexy Showcase to help you become your best you for Summer. Several vendors offering the latest in Fitness, Health, and Beauty, such as Tan Organiq, Barre-Yo, Lulu Lemon/IVIVVA, Beauty Counter, Young Living Essential Oils, among others will be there to help give you tips to get ready for your best summer yet! Free Barre-Yo Trial Class will be offered immediately following the fair at 6:30PM. We want you to love summer!

Brambleton’s 3rd Annual Comedy Night
Starring Brian Parise
March 14th, 7:30pm till Midnight
Tickets $25 per person
Ticket price includes show, dessert bar, and late night DJ.
Cash bar will be available.

Big Fitness Little Fitness
Adults will get a fully body strength and conditioning workout, while the kids get a fun and exciting dance conditioning workout!
Check out the details here

Flashlight Easter Egg Hunt
April 10th
Location: Legacy Park 8:30-9:30PM

Brambelton Bunny Trail
Callalily Play Area, 10AM – 1PM

Community Shred
April 25, 2015, 8:30-11:30AM
Event held in parking lot behind FOX Cinemas, off Northstar Blvd

Ribbon Run
April 18th
Click here for details

Want to learn more about having fun while living in Brambleton, Virginia? Contact us for a list of the best homes available in Brambleton!

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