Military Appreciation Monday

Supports

Neighbors Foundation

- Come join us at The Old Brogue in Great Falls on February 27^th for this month’s MAM event in support of the Neighbors Foundation.  All you have to do is show up and eat a great meal.  Myself and my co-sponsors will each donate a 10 percent match of whatever you spend on dinner.  In November, 220% of the receipts were donated to the  group Stop Soldier Suicide.

This week’s Military Appreciation Monday event was our biggest success to date.  We had a total of 140 people participate and will have raised slightly more than $12,500 once all the co-sponsor checks roll in.  The dinner was held in support of a recently formed group called: Stop Soldier Suicide.  This group was co-founded by Langley High School graduate, Nick Black.  Please read the recent Connection Newspapers article pertaining the the dinner and Nick’s great service to our country by clicking on:  Community Raises Funds for Veterans.

Cosponsors for the evening were:

Bob George

Black Family

Randy Phillips

Stevens Family

Kaihara Family

Redmond Family

Maryann Martell

Grossman Family

Bob Nelson Family

Neil and Juja Sylvestre

Scott and Dave LaMorte

Dawson Richardson Family

Old Brogue

Double Eagle Title

Blackbird Technologies

Taylor Allgyer – First Savings Mortgage

James Gaudiosi – First Heritage Mortgage

Please be sure to check below for this year’s

Wounded Warriors Christmas Gift Wish List.

Military Appreciation Mondays

Supports

Operation One Voice

America’s Special Forces are some of the finest in our military. Their work is highly classified and, due to the inherent risks in their duties, they suffer casualty rates more than 4 times higher than those of the conventional forces outside of Iraq. In many cases, these casualties involve young people who are beginning their careers. These brave soldiers leave behind families who often have no resources to provide a surviving child with a college education. Operation One Voice strives to relieve military families of such a burden.

Please join us on September 26th for this month’s Military Appreciation Mondays dinner, where we will be hosting the the group “Operation One Voice”. The organization was established by Duluth, Georgia police and firefighters to provide support to the families and children of injured and fallen Special Forces men and women. You can click on the link Operation One Voice to learn how this group supports the families of the injured and the fallen.

Please be sure to make a reservation sooner rather than later with the Old Brogue. As those who attended last month’s dinner found, due to overflow we had about 15 people ended up sitting on the back porch. Just call (703) 759-3309 and let them know if you would like to attend the 5:30 or the 7:30 seating.

For those of you unfamiliar with how MAM works, you simply come out and enjoy a great dinner at the Old Brogue in Great Falls. My co-sponsors and I will each make a 10% match of your dinner tab. For last month’s dinner in support of the Navy SEAL Foundation we had a total of 22 co-sponsors step forward, resulting in a match of 220 percent. Please let us know if you might be willing to step forward and volunteer to be a co-sponsor for this month.

We will also have door prize drawings as always, and we certainly welcome any items you might like to donate for the drawing.

I can assure you that this evening and the money we are able to raise will mean a great deal to the Special Forces families. We would love to see a room full of faces who recognize the sacrifices our nation’s TRUE HEROES are asked to make each and every day. Please come join us in sending the message that we truly care.

Of course feel free to drop me an e-mail or give a call if you can’t make it out for dinner, but would like to make a donation.

We hope to see you all on the 26th!

Last month’s Co-Sponsors were:

Pat Martin

Cox Family

David Lesser

Kaihara Family

Tim Heil Family

Grossman Family

Bob Nelson Family

Peter Engle Family

Jim Glerum Family

Bert Calland Family

Karl Pierson Family

Larry Nelson Family

Neil and Juja Sylvestre

Greg and Jeff Hanscom

Doug and Jane Hanscom

Scott and David LaMorte

Dawson Richardson Family

The Old Brogue

Double Eagle Title

Taylor Allgyer – First Savings Mortgage

James Gaudiosi – First Heritage Mortgage

Jim Black – Paragon Communications Solutions

Hello and happy holidays to all, I wanted to take a minute to thank you for your support this year to make the holidays a little brighter for the families of injured and killed in action veterans.  The “Our Military Kids” organization provided me with a Christmas Gift Wish List of 26 veterans’ families including 65 children this year.  Thanks to your help, packages are on the way for 16 of these families.  We are down to just 10 families left on the list, but now we are headed into ‘crunch time’.  With limited time left to buy, wrap and send gifts we must find people or organizations to support these last 10 families within the next week. If you have been thinking about committing to help…. if you can find room in your heart and your wallet this year…. please let us know before time runs out for these families.  One of the wounded veterans I spoke to last week was so thankful when we told him his family would be receiving support with Christmas gifts.  He mentioned that he was especially grateful because last year his kids did not get any Christmas gifts.  Let’s not let this happen again for any of these families who have sacrificed so much for all of us. If you would like to help make this holiday season a little bit brighter for the children of our injured and killed in action servicemen and women, all you have to do is respond to this email.  You can adopt one child, a family or simply make a cash donation.  Nancy and I will gladly purchase the gifts still on the list if you do not have the time.  Simply give me a call or drop an e-mail to Santa@BobNelsonTeam.com. These are the children still available for ‘adoption’ :

1. Vaughns Family

Jordan (6): Vtech MobiGo Touch Learning System MobiGoCarrying  Case MobiGoSoftware Games:  Toy Story 3, Disney Cars, NASCAR, Shrek, Mr. Men/Little Miss

John (10): Nintendo DSI (black)

Dejah Miles (15): Women’s UGG Australia Classic Short Boots, Size 10, Color:  Black

2. Ellis Family

Juliann (13): New clothes/Gift card to Target, Pac Sun or Forever 21

Joshua (12): Nano Touch I-Pod – Gray or Silver (Purchased through Cash Donations)

Jesse (16): Nano Touch I-Pod – Gold (Adopted by Louis and Chris Wise)

3. Kuinileti Sele Family

(Adopted by Elizabeth Gaffney)

Peter (9): Sony PSP G Handheld Game; black or blue

Serafina (7): Sony Limited Hannah Montana PSP Entertainment Pack (used on Ebay $130.98); pink or purple Kleopatra

(4): KidKraft 65156 Designer Dollhouse Doll Toy; multicolor is fine

4. Broesch Family

Bella (7): Zhu Zhu Pets Hamsters Wild Bunch (set of 4) Barbie Horse Adventure:  Riding Camp for Nintendo Wii Uno Attack Game Easy-Bake Oven and Snack Center with Classic Light Bulb Oven (mint green) (Purchased by Jenni Blessman – Keller Williams) Magic Tree House Books

Taylor(15): Gift card to a clothing store such as Macy’s (Purchased by Alison Sherman – Keller Williams), Vanity or Maurices, Gift card for gas, Solia 1″ Flat Iron

5. Summers Family

Amber (11): Beginner snowboard, length 140-145 cm

Devan (10): Beginner snowboard, length 132-137 cm

Tristen (8): Beginner snowboard, length 135-140 cm

6. Byrd Family

Nailah (14): Ipad or Iphone (or a gift certificate to the Apple Store or to the AT&T Store to go toward either of these items)

Nia (13): Dell Laptop (pink) (or a gift certificate to the Dell Store to go toward it)

7. Mitchell Family

Zac (18): a Craftsman tool box, the one that stands up with a bottom box and top box (To be purchased with donated funds.)

Jerret (8): Nintendo DSiXL (blue or black)

Serenity (6): (Adopted by Susan Wisely – Keller Williams)   A nice, portable DVD player, one that the screen flips and folds down; (Sony has one)

Finally, we would like to thank the following who have already come forward to show their support. The Copito Family, The Borland Family, The Hoernig Family, Rick and Amy Buchanan, Jane and Doug Hanscom, Gene and Laura Smith, The Brugel Family, Mary Burnette, Mark and Carolyn Stys, John and Sally Burns, P.C. Martin, Dave and Pava Cohen, Joan Fiander, The Weaver Family, Louis and Chris Wise, Kofer and Suzanne Black, Richard Moxley, Sue Long, Beatriz Duque Long, Elizabeth Gaffney, Paul Norman Family, Dave Lesser Family, Chip Bay Family, Shiner Roofing and Siding, Sonya Dervenis – Lavender Hill Interiors, Jack Legler – Legenter LLC, Tami Harsanyi – State Farm Insurance, Diane Hoyer – Women Helping Women with Finance, Jill Grossman – LSA Title, Tim Heil – Keller Williams Realty, Michael Vandergrift – Washington First Bank, Laura DeSimone – DeSimone Health and Fitness LLC, Collingswood Nursing and Rehabilitation Center, Susan Wisely – Keller Williams, Alison Sherman – Keller Williams, Jenni Blessman – Keller Williams,

Best wishes to you and your family this holiday season,

Nancy and Bob Nelson (703) 999-5812

Five Reasons You Should Sell Your House TODAY!

Selling your house in today’s market can be extremely difficult.  It is for that reason that every seller should take advantage of each and every opportunity that appears.  Each fall, such an opportunity presents itself.  This fall, that opportunity may be just too good to pass up.

Below are five reasons you should consider pricing your house to sell in the next 90 days.  Meet with your real estate agent and mortgage professional today and see whether it is the right move for you and your family.

1. Entering this time of year, the buyers are more serious.

We all realize that buyers are not quick to pull the trigger on the purchase of a home today.  There is no sense of urgency with the supply of eligible properties at all time highs.  However, at this time of year, the ‘lookers’ are at the stores doing their holiday shopping.  The home buyers left in the market are serious and are more apt to make a purchasing decision.  Less showings – but to more motivated purchasers.

2. If you are moving up, you can save thousands.

The Chicago Tribune stated in an article last week that sellers who want to ‘trade up’ should act now:

It could be a bigger house, different neighborhood or a better school district, but it comes with a higher price tag. Do the math; this might be the right time.

A home that was once worth $300,000 may now be worth $240,000 in a market where prices have fallen 20 percent.  Wow, you think, the seller is taking a bath.  But that seller may also be a prospective buyer who wants a house that once was valued at $400,000. With an equivalent market drop and a realistic listing price, that house may now sell for $320,000.  So, in effect, the person is losing $60,000 on the sale of one home but coming out ahead $20,000 on the purchase of another.

Keep in mind the spread may be even greater.  There’s a smaller pool of potential buyers for more expensive homes, so sellers may be more willing to cut their price to get a deal done.

3. Interest rates just fell again – to 4.19%.

Professor Karl E. Case, the founder of the Case Shiller Pricing Index in an article in the New York Times last month actually did the math for us:

Four years ago, the monthly payment on a $300,000 house with 20 percent down and a mortgage rate of about 6.6 percent was $1,533. Today that $300,000 house would sell for $213,000 and a 30-year fixed-rate mortgage with 20 percent down would carry a rate of about 4.2 percent and a monthly payment of $833 … housing has perhaps never been a better bargain.

4. You beat the rush of inventory that is coming next year.

Every year there is an increase of inventory which comes to market from January through April as homeowners put their houses up for sale in preparation for the spring market. As an example, here is the number of listings available for sale in each of those months in 2010.

-  January – 3,277,000

-  February – 3,531,000

-  March – 3,626,000

-  April – 4,029,000

You won’t have to worry about this increasing competition if you sell now.

5. You have less ‘discounted’ inventory with which to compete.

This year, sellers of non-distressed properties have been given an early holiday present. With banks declaring a suspension on the sale of many distressed properties (foreclosures), there has been a large supply of discounted properties removed from competition.  No one knows how long this self imposed moratorium will last.  However, while it does, every homeowner has a better chance of selling their property.

Bottom Line

If you are looking to sell in the near future, there may not be a more opportune time than this fall. Serious buyers, great move-up deals and less competition from foreclosures creates the perfect selling situation. Don’t miss it!

Thanks to all our great supporters, the Military Appreciation Monday event raised nearly $4,000 for Operation Second Chance.  We had nearly 100 people turn out for the dinner to include several servicemen and women currently stationed at Walter Reed Army Medical Center.  One of the greatest parts about the evening was that two of the most desirable door prizes were won by one of our visiting vets.  He walked away with a two day stay at the Lodgecliffe on the Choptank Bed and Breakfast and a fabulous apple pie from B. Sweet.  The four star lodging is donated each month by Dawson Richardson at Merrill Lynch.  B Sweet has donated two pies for each of our last two events. The wife of another vet won the biggest prize of the evening, a beautiful pendant donated by Adeler Jewelers.

If you have a chance, please be sure to give a big thanks to our co-sponsors and door prize donors.

Co-sponsors include:

The Old Brogue
LSA Title Services
Gary Kaihara, DDS
The Grossman Family
Julius Fleischman
The Norman Family
The Nelson Family
James Gaudiosi – Wells Fargo Home Mortgage
Taylor Allgyer – First Savings Mortgage
Carrillon Capital

Door Prizes for this month were donated by:

Adeler Jewelers

Lodgecliffe Bed and Breakfast

Dominion Title

PF Chang’s

Maison Du Vin

Great Falls Design Build

State Farm Insurance

Great Falls Exxon

B. Sweet Pies

As I have been saying (and writing about) during the past two years, our local real estate market will likely be the first to return to normalcy.  This is based on the fact that our local economy continues to be a fairly strong once.  A recent Washington Post Article entitled, “In Throes of Recession, D.C. Stands Apart”.  I have also been warning that we may well see a spike up in prices for both first time home buyers and move up buyers.  This due to what I believe will be a severe lack of new homes coming into the local inventory.  Many first time buyers have been looking at foreclosures as a means of getting into the market.  This is beginning to wane as those opportunities become less and less.  While the number of foreclosures currently at 179 for Fairfax County may seem high, a total of  225 sold in October alone in 2009 compared to only 113 for September 2010.  If you or someone you know is contemplating a purchase in the near term, I would suggest they consider doing so during the next three to four months.  I fully believe that once our spring market kicks in, we may well see a spike in prices as the inventory gets eaten up quickly.  This has already begun to happen with homes located inside the beltway in Virginia with homes receiving multiple offers and in some cases offers that include escalation addenda.   We also have record level interest rates for 30 fixed mortgages.

While nationally, the real estate market continues to barely limp along, locally we have been quickly moving towards a greater balance between buyers and sellers.  This, of course, depends on where you are considering buying or selling.  The general feeling among my co-workers has been that the closer to the beltway, the stronger the market.  There have been repeated stories of buyers paying more than asking price for homes located inside the beltway.  While out with some clients on Tuesday, they told of friends who had withdrawn their offer on a home in Mclean once they learned that one of the three other offers included an escalation addendum stating that they would pay $5,000 more than the highest offer.  Anyone familiar with the market during the 2003-2005 period may recall that this was very much the norm at that time.  I have been saying for the past year that Northern Virginia may well be headed for a severe shortage in housing in the not too distant future.  We have slowly been edging towards this potential shortage since builders have essentially stopped construction on new homes.  This despite the fact that Northern Virginia continues to grow in population.

Whether you are considering selling or buying a home, you really do need to remain focused on the critical do’s and don’ts highlighted in a recent Rismedia article entitled:  Be-Smart:  Dos and Don’ts for Home Sellers and Buyers.

As Realtors, we often get asked questions regarding the accuracy of the Zillow website “Zestimates”.  I typically respond by saying that the efficacy of these depends entirely on the neighborhood, location and condition of the home.  The accuracy within Virginia ranges from a best case of 5.2 percent for Arlington to a worst case of 27.8 percent for Caroline County.  Even within these figures, the numbers can really vary from street to street.  Your best bet is to make certain you employ a Realtor who fully understands the local market and can help you establish a true fair market value for the home whether you are buying or selling.  Click on the link to review the Accuracy of  Zestimates.

Please take a look at Zillow Zestimate Accuracy Table by clicking on the link to see how they did with your county.  Feel free to give a call or e-mail if you have any questions on these figures.

Last month’s Military Appreciation Mondays dinner in support of the Golden Age Games was our most successful event to date.  We ended up raising more than $5000 which will help support the sending of several local vets to the next games which are to be held in Honolulu, Hawaii.

Hope you can make it to this month’s dinner on October 25th which will be raising money for Operation Second Chance.

Thank you again to all of you who came out and a special thanks to our co-sponsors and door prize donors.

Co-sponsors Include:

Nelson Family

Norman Family

Grossman Family

Julius Fleishman

Gary Kaihara, DDS

The Old Brogue

Carillon Capital

Chris Melnick – LSA Title Services

Taylor Allgyer – First Savings Mortgage

James Gaudiosi – Wells Fargo Home Mortgage

and our Door Prize donors

Adeler Jewelers

PF Changs Restaurant

Dominion Title

Great Falls Design Build

State Farm Insurance

Great Falls Exxon

Legenter LLC

Neighbors Network

Lodgecliff on the Choptank B&B

B Sweet Home Baked Pies

Romantica Deli

Maison du Vin