I thought it might be fun to throw in some comments from previous clients.  Please feel free to send my your thoughts.

I recently wrote a quick note to some folks who bought a Deck House in Reston.  I had said I wanted to stop by and see what they had done to their new home.  I knew from the moment we walked in the door that it was the perfect home for them.  Here is what Gene wrote back to me.

Bob. Come by anytime. We have done a lot. It has been fun. Thanks for helping us get it. I have never lived in a house I love more. You are the man Bob. See you soon.

Needless to say, I can’t wait to get by and see the home again.
A young couple (who are soon to have their first baby) bought their first home in Reston earlier this year.  We had looked at several homes together, but this particular townhome was an excellent value and in great shape.  Here is what Megan recently sent me.

Hi Bob, we’re really enjoying the house.  Of course you can stop by.
We’re out of the house until the evening most weekdays, so would over
the weekend work for you?

We’re sorry we haven’t been in touch, and we really appreciate all
you’ve done to help us get it.

I look forward to getting by and see it soon.  It will be even more exciting next fall after the baby is born.  I know they have to be extremely excited.

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.

 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. 

Wow, has this been an awful lot of fun. Robert and Reagan just continue to grow and become more enchanting with each passing day. I had an opportunity to spend about two hours with them last Sunday, both before and after the open house at their home. The most gratifying part of the whole interaction was to see their faces light up when I came into the room. They are just so happy to see me, and of course I just crack up laughing whenever they smile.  And oh, watch out when they laugh.  The hardest part is trying to equitably divide my time between them.

I can only imagine how Marie and Bob feel when either Nancy or I show up. Well, it is our job to spoil them isn’t it. We just get them all excited and wound up, and then leave up to their parents to settle them back down. Not only am I proud of the wonderful babies, but I am so excited to see how happily Bob and Marie are dealing with parenthood.

Attached are several photos of the babies. As you can see, Reagan is now sitting up all by herself. Robert tends to need a bit of support, but that will likely only be for another few days. I hope you enjoy the photos.

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.