Bob Nelson Team » Great Owl Circle

Highest pending home sales since March 2006

Bob Nelson — Tue, 01 Dec 2009 21:22:00 +0000

According to data from the National Association of Realtors, pending home sales were up 3.7 percent in October, compared to September, and up 32 percent when compared to October 2008. This was the biggest annual increase in history. Keep in mind that October 2008 was a historic low so we should not be surprised by the huge increase.

Pending home sales — which equates to the number of contracts signed but have yet to close — rose in all sections of the country except the West. They were up 20 percent in the Northeast, 11.6 percent in the Midwest and 5.4 percent in the South, but down 11.2 percent in the West.

Part of the surge is probably attributable to buyers rushing to take advantage of the government-subsidized first-time home buyer’s credit, which was set to expire at the end of November but now has been extended through April. Also, the bulk of sales still are coming from cheaper houses, with little movement in houses costing more than $250,000.

First Time Homebuyer Credit Coming to an End

Bob Nelson — Thu, 10 Sep 2009 12:54:35 +0000

As you have likely been reading, the First-time Homebuyer Credit program will expire on November 30′th. What many people have not understood, this means you must settle on your new home by that date. Having just purchased a new car, I encountered the flurry of activity that occurred on the last few days of the Cash for Clunkers program. For those who purchased a new car, it was feasible (although not advisable) to wait to the last minute. WARNING: This is not the way the homebuying process works. We are quickly approaching what is the last minute for you to make your purchase. Unlike picking out a new car, finding the right home can take a week, two weeks or in some cases several months. Even once you have found the perfect place to call home, you will then need to start the actual buying process. This has quickly become challenging in our local market since the more affordable homes are disappearing from the inventory. A simple understanding of the law of supply and demand will tell you that this will create upward pressure on prices and competition for the same properties. Remember that what you find appealing will also appeal to a great many others. I just sold my used car to “Joe C.” who has been trying to buy a home in Woodbridge. He said that he and his fiance have made offers on three homes, only to be out bid either by higher offers or all cash offers. There are several things that Joe and his Realtor can do to insure that this doesn’t happen which we can easily cover in person.

Once a contract is ratified, the process will then take a minimum of three weeks to four weeks to get to the settlement table. And this only if everything lines up perfectly. With that said, you will need between six and eight weeks to find the right home and settle on it. We have only 11 weeks until the program expires. The reality is that three weeks to spare in the homebuying process is equivalent to three hours in the auto purchase world.

If you are reading this post, you probably already decided to purchase a home, but I would suggest reading the about the Proven Path to Home Ownership since it provides a very succint discussion o fthe home buying process. We can always discuss this in more detail once we get together.

At the risk of sounding like a high pressure sales person, you really can’t wait much longer to take advantage of the First Time Homebuyer Credit. Depending on you income, this credit can mean an actual dollar savings of anywhere from $10,000 – 16,000 in pre-income tax money.

Open House at 11742 Great Owl Circle

Bob Nelson — Sun, 17 May 2009 15:06:12 +0000

I will be holding an open house today from 1-4 at 11742 Great Owl Circle. You’ll love the convenience offered by North Reston’s highly desirable Ridgewood Cluster. With approximately 2,700 square feet of living space, this four level, three bedroom, 3.5 bath home provides ready access to the Metro Bus and the inumerable amenities offered by Reston. Recent upgrades in this move-in ready townhome include: granite countertops and tile backsplash; hardwood floors on the main level; new carpet in the three upper level bedrooms and the fourth level loft; a fully renovated master bath; and much more. The completely finished lower level includes an oversized recreation room/family room with fireplace and a walkout to Reston’s extensive hiking trails. Take the short walk to North Point Shopping Center and visit Starbucks, Baskin Robbins, or Mama Lucia’s Italian restaurant. Reston Town Center is also just a short bike ride away. This townhome is priced below comparables at $475,000.

Nikki Ryan Holds Open House at Great Owl Circle

Bob Nelson — Sat, 25 Apr 2009 12:20:11 +0000

Below is a guest blog from Nikki Ryan who will be holding an Open House this Sunday at my son’s townhouse in Reston. Come on by to meet Nikki and enjoy the home.

I am holding open a beautifully decorated townhouse at 11742 Great Owl Circle in North Reston this Sunday April 26th from 1-4pm. Please stop by. This townhouse has so many updates and shows beautifully! Main level updates include: new hardwood floors, new appliances, ceiling fan and granite in the kitchen, and new light fixtures. the master bath has been updated. You will find brand new carpet on the upper two levels, a fully updated master bathroom, new light fixtures and ceiling fan.

I have previewed all of the competition and this townhouse shows the best of the currently listed properties in this price range. Come by and have a look on Sunday. Call me for more information 703-615-2663 or visit www.greatowlcircle.com

This property is listed for sale with Keller Williams Realty, by Bob Nelson.

Keller Williams Realty

703-615-2663 cell

703-542-0914 fax

www.nikkiryan.com

oh, by the way… if you know of someone who would appreciate the level of service I provide, please call with their business number and I’ll be happy to follow up and take great care of them.

Great Owl Circle, Reston VA Open House

Bob Nelson — Sat, 18 Apr 2009 00:03:32 +0000

We’re doing two open houses this week at 11742 Great Owl Circle, Reston, VA 20194. On Saturday, we’ll be there from 1:00 p.m. to 4:00 p.m. and Sunday we’ll be there from 1:00 p.m. to 5:00 p.m.

Great Owl Circle Open House 4/19/09

Bob Nelson — Fri, 03 Apr 2009 20:54:33 +0000

We’re doing another open house on Sunday (4/19/09) at 11742 Great Owl Circle, Reston. We’ve also pulled together a bunch of pictures of the first floor of the house into what’s called a PhotoSynth. A Photosynth is a unique way to do a three-dimensional tour of the house using standard pictures. It seems a little clunky at first, but once you’ve played around with it a little bit its a unique way to navigate photos. Let me know what you think in the comments.

11742 Great Owl Circle – Open 3/29/09

Bob Nelson — Fri, 27 Mar 2009 02:49:43 +0000

If still available, my newest listing located at 11742 Great Owl Circle in Reston will be open this Sunday. You’ll love the convenience offered by North Reston’s highly desirable Ridgewood Cluster. With over 2,400 square feet of living space, this four level, three bedroom, 3.5 bath home provides ready access to Metro Bus and the inumerable amenities offered by Reston. Recent upgrades in this move-in ready townhome include: granite countertops and tile backsplash; hardwood floors on the main level; new carpet in the three upper level bedrooms and the fourth level loft; a fully renovated master bathroom; and much more. The completely finished lower level includes an oversized recreation room/family room with fireplace and walkout to Reston’s extensive hiking trails. Take the short walk to North Point Shopping Center and visit Starbucks, Baskin Robbins, or Mama Lucia’s Italian restaurant. Reston Town Center is also just a short bike ride away. With a sale two weeks ago of a unit three doors away at $506,000, this townhouse is a steal at $489,900.

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