Northern Virginia Real Estate Blog

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2011-07-25T16:16:00.000-07:00

Freddy Solis' Real Estate Blog - Bristow, VA

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Trulia real estate, homes for sale and apartments for rent. Advice ▼. Homes; Rentals; Local Info; Advice ... By Freddy Solis | Agent in Fairfax County, VA ...
Northern Virginia Real Estate Blog: Freddy Solis Sells Homes in ...

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Jun 3, 2011 – Real estate site, search properties for sale in Northern VA, houses for sale and information about Fairfax, Bristow Braemar and the Northern ...
Northern Virginia Real Estate Blog

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Freddy Solis Bristow, Braemar Realtor (Atlantic and Pacific Real ...

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ActiveRain real estate profile for Freddy Solis Bristow, Braemar Realtor (Atlantic and Pacific Real Estate) a Real Estate Agent in Bristow, VA.
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Sellers can significantly influence the selling price of your property by ...
Freddy's Bristow VA Real Estate Blog

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Freddy solis (solishomes) on Twitter

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Bristow, VA 20136 real estate overview - Trulia.com: ... Freddy Solis Fairfax Virginia Real Estate Blog: Centreville and Manassas Homes for Sale: ...
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Read reviews of Bristow, VA foreclosure and REALTORS® on the Zillow Professional ... Freddy Solis Atlantic and Pacific Real Estate. Listings: 0; Rating: ...
Freddy Solis, Realtor in Woodbridge, Virginia - Zillow

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Northern Virginia Real Estate Blog: June 2011

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Jun 9, 2011 – Real estate site, search properties for sale in Northern VA, houses for sale and ... Freddy Solis Sells Homes in Bristow and Gainesville VA. ...

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FHA News - Debt-to Income Ratios

2011-07-06T16:59:00.000-07:00

FHA May Clamp Down on Debt-to Income Ratios
The Federal Housing Administration is considering tightening borrowers’ debt-to-income ratios, a move that would prevent the most highly leveraged consumers from qualifying to buy a home.

The Federal Housing Administration is considering tightening borrowers’ debt-to-income ratios, a move that would prevent the most highly leveraged consumers from qualifying to buy a home.
The agency has yet to determine what the new minimum and maximum ratios would be and when such changes would go into effect, but the very fact that FHA is contemplating such a move is worrisome to some lenders who say a tightening would exclude more borrowers from the still-fragile housing market and potentially cause home prices to fall further.
From FHA’s perspective, putting a hard cap on debt-to-income ratios would potentially lower its delinquency rate and keep its Mutual Mortgage Insurance fund on sound financial footing.
“It doesn’t do anybody any good if the borrower can’t meet their debt obligations,” Robert Ryan, FHA’s acting commissioner, said in an interview Thursday. “We absolutely have to make sure borrowers are in a position to sustain homeownership.”
For two years now the agency has struggled to tighten guidelines and raise the bar for lenders. But FHA has tried to guard against being adversely selective by tightening its debt ratios.
FHA loans are more or less the only product lenders can offer borrowers who have little money for a down payment (outside of the government’s loan programs for veterans or rural residents).
Though some of the largest banks already have their own DTI caps, some lenders have been willing to give up credit standards to increase loan volume.
FHA is looking at the variables that go into its automated underwriting system Total Scorecard, which considers a variety of factors when automatically approving a loan.
“We’re not sure the model is predicting the outcome,” Ryan said. “We might tighten the DTI ratios up and that would mean instead of an automated approval the lender would do a manual review of those loans to make sure they were comfortable the borrower had more income or savings and there were some extenuating circumstances that would warrant the

approval of that loan even if there was a slightly higher DTI.”
One possible scenario would be for FHA to adopt the debt ratios of its short-refinance program, which was designed to help underwater borrowers refinance into an FHA loan. To qualify, a borrower’s monthly mortgage payment, including a second mortgage, cannot be greater than 31% of his or her pre-tax income and the total DTI ratio cannot exceed 50%.
Lenders say FHA routinely approves borrowers with back-end ratios above 50%.
Currently a borrower with a high FICO score could qualify for an FHA loan even if their total pre-tax income allocated for housing was 46.9% and their total debt load was 56.9%, according to several lenders. The borrower would have to have a high down payment and significant cash reserves.
Conversely, for borrowers with high loan-to-value ratios, Fannie Mae and Freddie Mac require a maximum 28% front-end DTI ratio and 36% back-end on loans they purchase. For manually-underwritten loans, Fannie and Freddie allow a maximum of 45%, though that may go up to 50% with strong compensating factors.
“A debt-to-income ratio over 50% leaves little room for error in a borrower’s monthly budget,” said David Zugheri, president of the Houston lender Envoy Mortgage. “Once you take income taxes out, a borrower could be left with only 25% of their gross income to live on, which includes utility bills, cell phone, insurance and food.”
Rob Chomentowski, a senior loan officer at Affinity Financial in San Diego, said high debt loads are a better predictor of risk than high down payments. “People should not have 55% of their income before taxes going to debt,” Chomentowski. “There’s a lot of talk about raising the down payment and there should be more talk about tightening the DTI ratios, which makes the loans more secure.”
But such a change could adversely impact housing prices.
“If FHA does lower the back-end ratio, it would take a lot of borrowers out of the market, which isn’t a bad thing, but that will take home prices down more,” Chomentowski said. Some lenders said they would be unlikely to manually underwrite a loan that was not approved by FHA’s automated system.
John Walsh, president of Total Mortgage Services LLC in Milford, Conn., said tightening debt ratios while pushing for manually-underwritten loans was a “double-edged sword.”
“The ratios are what they are and nobody is going outside those,” Walsh said. “Everybody is gun shy these days. Would I like to put more borrowers in homes? Without a doubt. But I’m not going to jeopardize my relationship with FHA by going outside that box. Send me the guidelines and if it’s an exception by FHA to do a manual underwrite, I don’t want to do that.”

Manual underwriting is expected to become a much bigger issue going forward because so many more borrowers applying for loans today went through a bankruptcy or a foreclosure during the recession.
Borrowers can apply for an FHA loan two years after a bankruptcy or three years after a
foreclosure, but the loans all must be manually underwritten and have a maximum back-end
DTI of 41%.
Debt ratios also are playing a role in the larger debate over proposed risk retention requirements and what constitutes a “safe and sound” mortgage.
The Mortgage Bankers Association’s Chief Executive David Stevens said in an interview Tuesday that FHA is trying to put “reasonable” DTI caps on the overall program.
“A borrower with a 10% downpayment and reserves would probably qualify for higher DTI, but FHA may want to keep the DTI5 lower for young first-time homebuyers moving from a rental to ownership,” said Stevens, the former commissioner of FHA, who left the agency in mid-April.
(Stevens has been pushing for a narrow definition of a “qualified residential mortgage,” without hard limits for down payments, DTI or loan-to-value ratios.)
Maurice Jourdain-Earl, a managing director at ComplianceTech, a lending industry consulting firm, said he is concerned that tightening the range of acceptable DTI5 would impact minority borrowers.
“FHA lowering debt-to-income ratios will have the same effect as QRM. The people who can afford it the least will be adversely impacted,” Jourdain-Earl said.
FHA’s market share has surged to nearly 30% during the downturn from 3% in 2006, largely because it has the loosest guidelines among loans guaranteed by the federal government. Higher volume and share has been accompanied by higher defaults and losses, though there’s been a recent decline in loans that were 90 days overdue or in foreclosure. According to the MBA, 8.04% of FHA loans were seriously delinquent at the end of the first quarter, down from 8.46% in the fourth quarter and 9.1% a year earlier.

Call Freddy to schedule a meeting to find out the best avenue of approach to your real estate needs.
Freddy Solis Realtor® ~ 703-943-7844 ~ www.freddysolis.com

Selling homes in Bristow Va, Gainesville Va.
Subdivisions: Braemar, Victory Lakes, Bristow Village, Pembrooke, Dunbarton, Lanier Farms, and many other locations.

Home Buying - Tools That Make it Easy

2011-06-09T15:20:00.000-07:00

Great Tools if Buying a Home.

First Time Home Buying Help (Money)

2011-06-09T14:53:00.000-07:00

The Federal Home Loan Bank (FHLB)

First Time Home Buyer Grant

UP TO $7500 DOWN PAYMENT FUNDS AVAILABLE NOW!! ANY COUNTY!!

Buyers must be First Time homebuyers (could not have owned a home 3 yrs prior to purchase)
Maximum amount is $7500 per household.
Grant is awarded on a 1 to 4 ratio. For example: If a Buyer has $1,000 of their own money, they are eligible for $4,000. If a buyer has $1875 of their own money, they are eligible for $7500.
Minimum buyer contribution is $1,000.00
Property must be owner occupied
Forgivable FHP Subsidy after 5 Years – Must occupy the property for a period of 5 years, or subject to recapture provision and must be repaid.
Income must be less than 80% of the median home income on Household size (this includes any person(s) living in the household)
Subject to credit approval

Great program for first time buyers, call 703-943-7844 if you are preparing to buy so we can find you the right lender.

Freddy Solis
Realtor
www.freddysolis.com

Finding And Obtaining Grant Money

Freddy Solis Sells Homes in Bristow and Gainesville VA.

2011-06-03T13:45:00.000-07:00

Selling your home in the Bristow (Braemar) or Gainesville area?

Northern VA is one of most active markets in the country, finding buyers for your home is the easiest part of the selling process, demand for new listing remains strong in the Bristow and Gainesville area, let Freddy help you prepare your home to sell fast at a price that will make you happy.

First time home buyers in the Bristow or Gainesville area of Prince William county this is an excellent time to start looking for your dream home, with current prices at very affordable levels this buyer's market is a great opportunity to purchase a property in Prince William county.

Freddy will help you make your investment rewarding and very memorable.

Freddy resides in Bristow and works all subdivisions within Gainesville and Bristow. He is always available to his customers at any time during business hours or after a client's work hours.

Call Freddy to schedule a meeting to find out the best avenue of approach to your real estate needs.

Freddy Solis Realtor® ~ 703-943-7844 ~ www.freddysolis.com

Selling homes in Bristow Va, Gainesville Va.
Subdivisions: Braemar, Victory Lakes, Bristow Village, Pembrooke, Dunbarton, Lanier Farms, and many other locations.

Great Buyer's Information

2011-05-25T17:51:00.000-07:00

Let Qualified Home Buyers Breathe Life Into Home Market
President Obama’s poll numbers have recovered nicely thanks to the good news surrounding the demise of Osama bin Laden. But the bin Laden bounce will wear off quickly unless the administration takes some bold steps to restore economic confidence in this country. Creating jobs is certainly an essential part of restoring that stability. But in my view, nothing is more important than creating confidence in the long-term health of the housing market. Read
5 Tips for Deciphering Your Home Loan’s Good-faith Estimate
Knowing how to read your good-faith estimate can help you save money on your home loan. Read
7 Steps to Take Before You Buy a Home
By doing your homework before you buy, you’ll feel more content about your new home. Read

Visit houselogic.com for more articles like this.

Ready to purchase your home but still have many questions, let me help you find those real estate answers and your dream home.

Freddy Solis Realtor® ~ 703-943-7844 ~ www.freddysolis.com

116 Fort Evans Rd SE APT C Leesburg, VA 20175 Condo at Fox Chapel

2011-05-09T10:25:00.000-07:00

116 Fort Evans Rd SE APT C
Leesburg, VA 20175

For Sale: $109,900

Description

Desirable 2 bed, 2 baths condo large living room with enclosed balcony, master suite has private bath and two closets, great location near shopping and commuter routes. Property being sold in as-is condition. No seller disclosure available. Corporate addendum to follow accepted offer. Buyer is responsible for any and all certifications, certificate of occupancy, lender requirements and inspections

Zestimate^®: $130,500

Mortgage payment:

$441/mo Payment

Bedrooms:	2
Bathrooms:	2
Sqft:	940
Lot size:	--
Property type:	Condo
Year built:	1986
MLS Number:	LO7593318
Listing Agent:	Freddy Solis
Agent Contact:	703-943-7844
Company:	Atlantic and Pacific Real Estate

Mclean Real Estate News

2011-03-11T15:01:00.001-08:00

=== News Alert for: Mclean virginia real estate news ===

ServInt Leases New Data Center Capacity to Accommodate Growth

Tophosts

March 10, 2011 - MCLEAN, Va.—(BUSINESS WIRE)— ServInt, a pioneering

provider of ... News) is one of the largest and most respected commercial real estate ...

<http://www.tophosts.com/articles/011391.html>

______________________________________________

Prices lifting home sales
Worcester Telegram

By Kathleen M. Howley BLOOMBERG NEWS The third decline in US home prices in
... chief economist of Zillow Inc., a Seattle-based real estate data
company. ...
<http://www.telegram.com/article/20110309/NEWS/103090338/1002/BUSINESS>

Freddy Solis; RealEstate.com; REALTORS®; Capital Region

8201 Greensboro Drive, Suite 211; McLean, VA 22102

703-943-7844 Cell; www.FreddySolis.com

The Real Estate coach helping achieve your goals.

SE HABLA ESPAŇOL

Centreville and Manassas Homes for Sale

2011-03-04T13:09:00.000-08:00

My up-to-date list of available HomeSteps homes within my targeted zip codes.

If you have any questions or need more information about a particular home, please contact the local listing agent managing the sale. Or you may call me at 703-943-7844.

I do not always have homes available in all zip code list areas. When I do, however, I will update this blog.

Property Report for

FREDDY SOLIS

REALESTATE.COM

Report Date: 3/3/2011

Property Status: LISTED

Zip Code: 20112

13724 SANTA ROSA COURT

MANASSAS

PRINCE WILLIAM VA

$256,500

ONE STOP RLTY

(703) 680-4003

7215 DANNY LANE

MANASSAS

PRINCE WILLIAM VA

$240,000

ONE STOP RLTY

(703) 680-4003

12047 KAHNS ROAD

MANASSAS

PRINCE WILLIAM VA

$231,900

COLDWELL BANKER ELITE

(540) 288-3924

Zip Code: 20120

6776 JENNY LEIGH COURT

CENTREVILLE

FAIRFAX VA

$282,500

CENTURY 21 CARDINAL RLTY INC

(540) 659-2161

14404 WILLIAM CARR LN

CENTREVILLE

FAIRFAX VA

$274,900

ONE STOP RLTY

(703) 680-4003

5713 CROATAN COURT

CENTREVILLE

FAIRFAX VA

$249,900

JOBIN RLTY

(703) 533-3877

Zip Code: 20121

13924 PR EACHER CHAPMAN PLACE

CENTREVILLE

FAIRFAX VA

$217,000

ONE STOP RLTY

(703) 680-4003

This list was provided by Homesteps automatic home update.

Freddy Solis; RealEstate.com; REALTORS®; Capital Region

8201 Greensboro Drive, Suite 211; McLean, VA 22102

703-943-7844 Cell; www.FreddySolis.com

The Real Estate coach helping achieve your goals.

SE HABLA ESPAŇOL

Economic Report

2011-03-04T08:18:00.000-08:00

Weekly Economic Summary

March 3, 2011
Last week in review(February 21 – 25, 2011)

Middle East:
The unrest in the Middle East drove up oil prices and pushed investors into the safety of bonds which improved home loan rates. To see how those elements impacted home loan rates, let's take a deeper look at each.
First, the global unrest in the Middle East continues to impact the markets. The protests that started a few weeks ago in Tunisia and Egypt have now spread to Bahrain, Yemen and Libya. Libya is of particular concern to the markets since it is the largest holder of oil reserves in Africa.

Oil Prices:
With the thought of oil fields at risk and with no foreseeable resolution, oil spiked as much as $12 a barrel higher last week – climbing over the mark of $100 per barrel. The recent spike in oil has only just begun to translate to pumps across the country, so you can expect to see higher prices in the coming weeks.

Government Bonds:
In addition to higher oil prices, traders are concerned about what might happen. And when traders are uncertain, they tend to move money into the relative safety of bonds, which offer lower returns but also lower risks. This flood of money into bonds – including mortgage bonds – helps prices and home loan rates improve. And sure enough, last week mortgage bonds traded higher, as protests permeated throughout the Middle East.
Those gains in bonds have been limited by the concern of inflation down the road. That's because investors demand a higher yield now to offset the possibility that future inflation will eat into their returns. That was evidenced by the tepid buying demand in last week's Treasury auctions.
The bottom line is that the global situation has been a driving force behind improvement in the bond market and that it may continue to do so in the coming weeks.

Freddy Solis. Capital Region. RealEstate.com Realtors. 703-943-7844 Direct. 703-955-3528 Fax

Get Your FREE Report

2011-03-02T19:58:00.000-08:00

Home Buyers Scouting Report®

As a real estate professional, I am involved in a strategic relationship with Home Buyers Marketing II, Inc.

(HBM II), a national real estate company. HBM II provides area home buyers with a FREE, innovative home finding service called the Home Buyers Scouting Report®.

The Home Buyers Scouting Report matches your personal home search preferences with properties that are currently listed for sale and within your price range.

Online and Available 24 Hours a Day!

Login to HBM II’s private, password-protected website to view the listings that match your home search criteria with pictures, prices, address, directions, and maps.* You can easily customize your search any way you like – search for homes by school district, square footage, price, number of bedrooms, and more.

Save and track your favorite properties and receive email updates if the price changes or the property is sold.

Be the First to Know

Many busy homebuyers learn about a great property, only to find that it has already been sold. That won’t happen with the Home Buyers Scouting Report because you will receive Quick Alert® emails of new listings matching your search criteria as they become available.

There is no obligation. Using the Home Buyers Scouting Report will enable you to get a real sense of the current housing market, right from your computer. Whether you are looking to buy a new home soon, or just thinking about new home possibilities, we believe this is the best home finding service available. And, as a preferred customer, we wanted you to know about it.

For more information about receiving this FREE home finding service, call today.

We look forward to hearing from you.

Freddy E. Solis
solishomes@yahoo com

Thank you for visiting, to receive your Free report provide your full name* email* and phone number**

*In some markets not all of the listings, addresses, mapping & other property information is available because of local rules and regulations. The Home Buyers Scouting Report® (HBSR) is a free home finding service of Home Buyers Marketing II, Inc. (HBM II), a licensed real estate company that provides the Report directly to homebuyers through a secure, password-protected online service.

**Required

Location: Where to Invest

2011-03-02T19:03:00.000-08:00

Where To Put Your Money

As in many aspects of life, the key to real estate investing can be location, location, location. While real estate is perhaps more complicated than hoping for foot traffic at a restaurant with a prime location, location does certainly play a part in the possible viability of a rental property. There are a few things you can look for in the area of your possible real estate investment that can tell you some important things about the possible long-term health of your potential investment.

Check For Growth

Is the area you're looking at experiencing strong population and job growth? These are two important economic indicators that can help you decide whether a particular area is ripe for real estate investment opportunities. Local government web sites and federal reports are readily available with population and job growth information.

While the benefits of an increased local population are obvious, job growth that exceeds that population growth level can indicate a prospering community with money to spend. Areas that prosper are potential candidates for increased rent payments over time, one sure way to put you on the road to profitability with your real estate investment.

With job growth comes quality of life and as qualify of life improves in the area of your investment, so too grows the level of rent you can charge. It is a tried and true fact that people will pay more to live in an area they enjoy, so the prospect of an area growing more and more attractive will directly influence the financial state of your potential real estate investment.

The Real Estate Market

What is the construction atmosphere of the area like? Areas that are seeing a boom in new home construction often experience those booms because of favorable job growth, income growth and other factors. However, for an area where building permits are outpacing new population, that could be an early indicator of an over supply of real estate that could lead to depressed prices for rent payments.

The best case scenario is an area where few homes are for sale, pumping up demand, and where new home construction is strong but not out of control. That can be a fine line, but because any investment takes a great amount of homework and research, it is something that should be investigated over the course of your decision-making process on a new investment.

The Land Crunch

Just as a low supply of homes on the market can produce an upwards trend for housing prices and, subsequently, the level of rent you can charge, so too can a low level of land available to build on. In an area where population is growing and jobs are strong, all of these new people have to go somewhere.

Whenever more people want to move into an area than there are homes for those people to live in, you will see an upward slope for home prices and viable rent payments. If there is little land left to build on, those buildings that are already built will be able to charge more for their rent payments, putting your investment further towards profitability and the long-term benefit of owning property in an attractive part of town.

All of this initial information will not guarantee a profit on a rental property, but these are crucial steps to take when evaluating whether you want to put your hard-earned money into a real estate property that is sure to experience the ups and downs of the local economy. Especially for properties outside of your own home area, knowing the state of both the growth of the population and the home construction industry will help you more accurately predict the future viability of your investment.

This is another original article by Joe Lane, co-owner of The Lane Real Estate Team at http://www.joelane.com/. Are you looking for an experienced Tri City WA Real Estate agency? With 20 years of service based, business experience, Joe and Colleen Lane work hard to serve home buyers and sellers for the Tri Cities of Washington's Kennewick, Richland, Pasco, and surrounding areas.

Investment Tips

2011-03-02T18:01:00.000-08:00

Five Real Estate Investment Tips

There are countless tips on real estate investing available and this is by no means intended as a comprehensive list. While every investment has its own intricacies and problems that need to be worked out, there are some very basic aspects that are common to most investment properties. Understanding those aspects and asking questions about them can help you determine whether a particular real estate investment opportunity is for you.

Anything Can Change

Building in the capacity for change in your investment is not only good real estate advice, but good life advice. Aspects of an investment can change at any given time and building in a little cushion in your profit projections for that change will most likely give you a better outlook on the possible outcome of your investment.

This is especially true for something like the tax climate of your investment as changes in tax laws happen regularly. If the tax situation surrounding your investment is the only thing you like about it, it is probably not a sound investment. Solid investments can withstand changes in the tax code, so never rely solely on the stability of tax codes, you will be sorely disappointed.

Do What You Know

It is tempting to get involved in real estate investment opportunities outside of your comfort zone. Maybe the terms look good or the area is nice, but your lack of expertise in the field will ultimately hurt you over the course of the investment. If you are well versed in multi-family homes, do your best to uncover the best investment opportunities in that field. If your bag is fixer-uppers, stick with that. Success is difficult to replicate so if you have a knack for something, exploit that knack.

Compare, Compare, Compare

As any real estate agent will tell you, valuations for a new home put on the market are a direct reflection of other sale prices of similar properties in that area. Your potential investment is the same way. If you are going to rely on rents to make back the money spent on the investment, compare the rents your prospective investment property takes in against similar properties in the area. Are they too high? If so, that may indicate future trouble filling the building at those prices, which then cuts into your profit forecast.

If you are getting involved in a fixer-upper, compare what you think the home will be like in the future to homes that have sold that look similar to that now. Doing so will help you estimate your eventual sale price and the amount of money you should invest to net a decent return.

Hammer Down True Expenses

Just as you want to examine what your incoming cash flow will be on any real estate investment opportunity, you want to investigate your outgoing cash flow as well. What are the key costs involved in running the property? What are the taxes on the property? How much does it cost you when part of your multi-family property is vacant? Sometimes properties can look great when you examine the rent payments coming in but then lose their luster when you look at the cost of running the facility. You need to investigate both sides of the story to get an accurate view of the financial future of your investment.

Know The Building

In real estate investing, surprises are usually costly. Not only should you do a full walk through of the prospective investment yourself, you should also look in to hiring an independent, professional inspector as well. Uncovering problems with the foundation, roof or furnace early can either save you from making a poor investment or give you ammunition to negotiate a lower price.

Not all real estate investments are the same and you will likely run in to a unique problem on every property you pursue. However, by sticking to the tips here, you can give yourself a great foundation from which to operate. Above all, pursue information on the property as vigorously as possible to eliminate the possibility of regretting your investment later.

Web News

2011-02-27T15:56:00.001-08:00

Today's Featured Stories

The Art of Selling in the Mortgage Industry - 3 Tips to Find Success

By Chip Poli

RISMEDIA, February 19, 2011—The past few months have been great for the mortgage industry. Most of us have seen the effects of low rates and benefitted from the refinancing boom. It’s easy to become so focused on the task at hand...
Continued

Simple Tips to Connect with Gen Y Buyers through Mobile Solutions

RISMEDIA, February 19, 2011—It’s no surprise that Generation Y, also known as the Millennial Generation, Generation Next, and the Net Generation, is tech-savvy. According to

The Kiplinger Letter, a weekly business and economic...
Continued

Housing Affordability Rises to Highest Level in Two Decades

RISMEDIA, February 19, 2011—Nationwide housing affordability during the fourth quarter of 2010 rose to its highest level in the 20 years since it has been measured, according to National Association of Home Builders/Wells Fargo...
Continued

Create a Consistent Reputation while Promoting Your Brand

By Paige Tepping

RISMEDIA, February 19, 2011—Real estate professionals can all agree that consistency is the key to creating brand and name recognition in your marketplace. And in today’s challenging market, real estate professionals must do...
Continued

Fairfax Virginia Real Estate News

2011-02-25T19:30:00.001-08:00

Fairfax County News

Stay informed visit this blog to keep up with Fairfax county and the Northern Virginia Real Estate News

Fannie, Freddie narrow losses in Q4
Forbes
"The good news is that their losses are shrinking," said Anthony Sanders, a professor of real estate finance at George Mason University in Fairfax, Va. ...

APN full-year profit climbs 1.2% on NZ publishing
Scoop.co.nz
APN is 31.6% owned by UK publisher Independent News & Media Plc, which abandoned ... Fairfax cited growth in advertising sales, especially for real estate.

Freddy Solis. Capital Region. RealEstate.com Realtors®. 703-943-7844 Direct. 703-955-3528 Fax

Website Changes and Improvements for the Year

2011-02-25T12:54:00.000-08:00

Great Changes Coming to REALTOR.com®

Over the next year, there will be ongoing and frequent changes to improve the performance of REALTOR.com® for brokers, agents and real estate consumers.

What do these continuous improvements mean for brokers and REALTORS®?

* Brokers, agents and real estate clients may notice minor updates and changes to the appearance of REALTOR.com® on an ongoing basis. Some of these changes may be permanent, and others may be temporary as they continuously improve the site for even better results.
* These minor changes will progressively improve lead capture, increase exposure for your company and listings, and improve the overall website experience for real estate buyers and sellers.
* For example, recent changes to the REALTOR.com® Listing Detail page and REALTOR.com® mobile apps resulted in an average of 36% increase in email leads for agents and brokers in January 2011. 1*

Please visit ask.realtor.com/blog/ to stay up-to-date on the ongoing improvements to the most visited real estate site in the U.S.,2* with the freshest data, the most homes for sale, and over 21 million listings viewed via mobile devices monthly. 3*

*1. REALTOR.com® Internal Research, February 2011
*2. comScore Media Metrix, January 2011
*3. iTunes Connect, Android Market, Flurry.com and Zune Marketplace, as of January 30, 2011

Need help selling your property call me for more details.

Freddy Solis. Capital Region. RealEstate.com Realtors®. 703-943-7844 Direct. 703-955-3528 Fax

Homes for Sale in Centreville VA

2011-02-25T09:01:00.001-08:00

My up-to-date list of available HomeSteps homes within my targeted zip codes.
If you have any questions or need more information about a particular home, please contact the local listing agent managing the sale. Or you may call me at 703-943-7844.
I do not always have homes available in all zip code list areas. When I do, however, I will updated this blog.

Property Report for
FREDDY SOLIS
REALESTATE.COM
Report Date: 2/24/2011
Property Status: LISTED

Zip Code: 20112

13724 SANTA ROSA COURT
MANASSAS
PRINCE WILLIAM VA $256,500
ONE STOP RLTY
(703) 680-4003

7215 DANNY LANE
MANASSAS
PRINCE WILLIAM VA $240,000
ONE STOP RLTY
(703) 680-4003

12047 KAHNS ROAD
MANASSAS
PRINCE WILLIAM VA $231,900
COLDWELL BANKER ELITE
(540) 288-3924

Zip Code: 20120

6776 JENNY LEIGH COURT CENTREVILLE
FAIRFAX VA $282,500
CENTURY 21 CARDINAL RLTY
(540) 659-2161

14404 WILLIAM CARR LN
CENTREVILLE
FAIRFAX VA $274,900
ONE STOP RLTY
(703) 680-4003

5713 CROATAN COURT
CENTREVILLE
FAIRFAX VA $249,900
JOBIN RLTY
(703) 533-3877

Zip Code: 20121

13924 PREACHER CHAPMAN PL
CENTREVILLE
FAIRFAX VA $217,000
ONE STOP RLTY
(703) 680-4003

This list was provided by Homesteps automatic home update.

Freddy Solis. Capital Region. RealEstate.com Realtors®. 703-943-7844 Direct. 703-955-3528 Fax

PG County My Home Program

2011-02-25T05:04:00.000-08:00

MY HOME PROGRAM

Your borrowers Need Cash for Closing? The new My Home Program offered by Prince Georges County Good Day Referral Partner: If you have a client that is short on funds to close talk to a certified Prince Georges County under the NEW My HOME Program. This new program replaces the NSP Program.
The Programs start on Monday Feb 28, 2011. The Borrower can receive up to 5% of the Sales price to use towards closing cost
Example $200,000 x 5% = $10,000 for your client!
There are income restrictions and Debt to income calculations to take into consideration Unlike other programs, the My Home Down Payment Assistance only takes 21 days! For more information call or email me to get in contact with a qualified/certified lender.

Freddy Solis. Capital Region. RealEstate.com Realtors®. 703-943-7844 Direct. 703-955-3528 Fax

Economic Summary

2011-02-25T05:01:00.001-08:00

Week Summary – February 24, 2011
Last week in review (February 14 – 18, 2011)
In early November, when home loan rates hovered around all time lows, the Fed announced their plan to purchase $600 billion in treasuries through mid-2011. Dubbed Quantitative Easing 2 (QE2), the Fed had three goals:

1. Boost stock prices
2. Lower unemployment
3. Create inflation
After just two and a half months, an argument could be made that the Fed has been somewhat successful so far. Stocks are higher, the unemployment rate has improved, and as we saw last week inflation has ticked higher.
Both the Consumer Price Index (CPI) and Producer Price Index for January were better than expected and the more closely watched Core CPI, which strips out food and energy, came in at the highest level since March 2010. And we're not just seeing inflation here. Reports last week showed inflation is heating up in Asia and Europe, too. So what does all of this mean for home loan rates? Usually any hints of inflation cause both bonds and home loan rates to worsen. Yet, bonds and home loan rates improved slightly last week.
There are two things to note:
First, while last week's inflation data was a touch better than expected, overall, it's still on the tame side.
Second, last week's initial jobless claims was a disappointment, suggesting that the labor market continues to improve but at a very choppy and sluggish pace.

Freddy Solis. Capital Region. RealEstate.com Realtors®. 703-943-7844 Direct. 703-955-3528 Fax

Lafayette Park Condos

2011-02-20T13:31:00.000-08:00

Condos for sale in Falls Churh.
This community located in Fairfax county has a few condos listed for sale with one and two bedrooms priced from $84000 to $109900.

Viewed these properties:
6147 Leesburg Pike #401 Falls Church VA 22041
-Property needs some work sold as a foreclosure by Fannie Mae, it has some appliances missing, carpet needs to be replaced. Listed as a two bedroom unit, one of them is very small. Has been freshly painted, very close to the visitor's parking lot a plus when you have family over. Has good potential.
6133 Leesburg Pike #502 Falls Churh VA 22041
-This condo has tenants and very difficult to see the two bedrooms, they were locked. Unit looks ok overall.
This condo is listed as a short sale, located in the front of the condo complex.

Freddy Solis.
Realtor
703-943-7844 Direct.
703-955-3528 Fax
www.freddysolis.com

Home Sales Down, Prices Up

2010-08-30T10:47:00.000-07:00

July Existing-Home Sales Fall as Expected but Prices Rise Washington, August 24, 2010 Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the National Association of Realtors®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009. Sales are at the lowest level since the total existing-home sales series launched in 1999, and single family sales – accounting for the bulk of transactions – are at the lowest level since May of 1995. Lawrence Yun, NAR chief economist, said a soft sales pace likely will continue for a few additional months. "Consumers rationally jumped into the market before the deadline for the home buyer tax credit expired. Since May, after the deadline, contract signings have been notably lower and a pause period for home sales is likely to last through September," he said. "However, given the rock-bottom mortgage interest rates and historically high housing affordability conditions, the pace of a sales recovery could pick up quickly, provided the economy consistently adds jobs. "Even with sales pausing for a few months, annual sales are expected to reach 5 million in 2010 because of healthy activity in the first half of the year. To place in perspective, annual sales averaged 4.9 million in the past 20 years, and 4.4 million over the past 30 years," Yun said. According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to a record low 4.56 percent in July from 4.74 percent in June; the rate was 5.22 percent in July 2009. Last week, Freddie Mac reported the 30-year fixed was down to 4.42 percent. The national median existing-home price2 for all housing types was $182,600 in July, up 0.7 percent from a year ago. Distressed home sales are unchanged from June, accounting for 32 percent of transactions in July; they were 31 percent in July 2009.3 "Thanks to the home buyer tax credit, home values have been stable for the past 18 months despite heavy job losses," Yun said. "Over the short term, high supply in relation to demand clearly favors buyers. However, given that home values are back in line relative to income, and from very low new-home construction, there is not likely to be any measurable change in home prices going forward." Total housing inventory at the end of July increased 2.5 percent to 3.98 million existing homes available for sale, which represents a 12.5-month supply4 at the current sales pace, up from an 8.9-month supply in June. Raw unsold inventory is still 12.9 percent below the record of 4.58 million in July 2008. NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz., said there are great opportunities now for buyers who weren't able to take advantage of the tax credit. "Mortgage interest rates are at record lows, home prices have firmed and there is good selection of property in most areas, so buyers with good jobs and favorable credit ratings find themselves in a fortunate position," she said. A parallel NAR practitioner survey shows first-time buyers purchased 38 percent of homes in July, down from 43 percent in June. Investors accounted for 19 percent of sales in July, up from 13 percent in June; the balance were to repeat buyers. All-cash sales rose to 30 percent in July from 24 percent in June. Single-family home sales dropped 27.1 percent to a seasonally adjusted annual rate of 3.37 million in July from a pace of 4.62 million in June, and are 25.6 percent below the 4.53 million level in July 2009; they were the lowest since May 1995 when the sales rate was 3.34 million. The median existing single-family home price was $183,400 in July, which is 0.9 percent above a year ago. Single-family median existing-home prices were higher in 11 out of 19 metropolitan statistical areas reported in July in comparison with July 2009 (the price in one of 20 tracked markets was not available). However, existing single-family home sales fell in all 20 areas from a year ago. Existing condominium and co-op sales fell 28.1 percent to a seasonally adjusted annual rate of 460,000 in July from 640,000 in June, and are 24.0 percent below the 605,000-unit level in July 2009. The median existing condo price5 was $176,800 in July, down 1.7 percent from a year ago. Regionally, existing-home sales in the Northeast dropped 29.5 percent to an annual pace of 620,000 in July and are 30.3 percent lower than a year ago. The median price in the Northeast was $263,800, up 4.8 percent from July 2009. Existing-home sales in the Midwest fell 35.0 percent in July to a level of 800,000 and are 33.3 percent below July 2009. The median price in the Midwest was $151,600, down 2.8 percent from a year ago. In the South, existing-home sales dropped 22.6 percent to an annual pace of 1.54 million in July and are 19.8 percent below a year ago. The median price in the South was $156,300, down 3.3 percent from July 2009. Existing-home sales in the West fell 25.0 percent to an annual level of 870,000 in July and are 23.0 percent below a year ago. The median price in the West was $224,800, up 3.3 percent from July 2009. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries. NOTE: NAR also tracks monthly comparisons of existing single-family home sales and median prices for 20 select metropolitan statistical areas, which is posted with other tables at: www.realtor.org/research/research/ehsdata. For information on areas not included in the report, please contact the local association of Realtors®. 1Existing-home sales, which include single-family, townhomes, condominiums and co-ops, are based on transaction closings. This differs from the U.S. Census Bureau's series on new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing-home sales, which generally account for 85 to 90 percent of total home sales, are based on a much larger sample – more than 40 percent of multiple listing service data each month – and typically are not subject to large prior-month revisions. The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns. Single-family data collection began monthly in 1968, while condo data collection began quarterly in 1981; the series were combined in 1999 when monthly collection of condo data began. Prior to this period, single-family homes accounted for more than nine out of 10 purchases. Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos. 2The only valid comparisons for median prices are with the same period a year earlier due to the seasonality in buying patterns. Month-to-month comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns. Changes in the composition of sales can distort median price data. Year-ago median and mean prices sometimes are revised in an automated process if more data is received than was originally reported. 3Distressed sales, first-time buyer and investor data are from a survey for the Realtors® Confidence Index, scheduled to be posted September 2. 4Total inventory and month's supply data are available back through 1999, while single-family inventory and month's supply are available back to 1982 (prior to 1999, condos were measured quarterly while single-family sales accounted for more than 90 percent of transactions). 5Because there is a concentration of condos in high-cost metro areas, the national median condo price generally is higher than the median single-family price. In a given market area, condos typically cost less than single-family homes. Existing-home sales for August will be released September 23. The next Pending Home Sales Index is scheduled for September 2; release times are 10 a.m. EDT. Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section. Statistical data in this release, other tables and surveys also may be found by clicking on Research.

Freddy Solis. Capital Region. RealEstate.com Realtors. 703-943-7844 Direct. 703-955-3528 Fax

Obama Administration HAMP Cramdowns

2010-08-21T08:25:00.001-07:00

Measures to Encourage Homeowners to Stay and Pay

With so many US home owners struggling to pay for their mortgages during this country's current economic downturn the Federal government is looking for other ways to entice mortgage lenders to provide principal forgiveness for underwater howeowners.
Even after Lenders have taken steps such as lowering interest rates to as little as 2% and changing loan terms up to 40 years we are finding some homeowners are not able to make their mortgage payments due to their financial hardship, for homeowners in this situation is where lenders would be encourage to reduce the loan balance.
Owing so much, we see howeowners choosing to just walk away from their financial obligations rather than to continue to struggle making the payments.
Government officials idea is to encourage home owners to stay and continue to pay.

Need help selling you home contact:

Freddy Solis. Capital Region. RealEstate.com Realtors. 703-943-7844 Direct. 703-955-3528 Fax

Vienna Condo for Sale FX7415237

2010-08-16T19:41:00.000-07:00

218 Locust St SE #151
Vienna VA 22180

2 Bedroom, 1 Bathroom, 986 square feet, good condition.
Call 703-943-7844 for showing or more details.
Freddy Solis
www.freddysolis.com

Beautiful condo, excellent location in the heart of Vienna, plenty of parking and transportation. Next to shopping. Extra storage, walk-in closet, marble counter tops, stainless steel appliances. Home warranty

Park Terrace Condominiums

Real Estate for Sale in Manassas VA

2010-08-04T19:12:00.001-07:00

Excellent time to sell.
Looking to sell or purchase in Prince William county, search for houses for sale at www.Freddysolis.com
The help you need from a trusted real estate agent licensed in Virginia and Maryland

Sample searches:
manassas park homes for sale manassas homes for rent manassas foreclosures
manassas real estate
manassas apartments for rent
houses for sale in manassas park manassas real estate assessment lake manassas real estate

Freddy Solis. Capital Region. RealEstate.com Realtors. 703-943-7844 Direct. 703-955-3528 Fax

Manassas Real Estate Houses for Sale

2010-08-01T17:24:00.000-07:00

Top Real Estate Searches at www.FreddySolis.com Manassas VA

Manassas, VA Real Estate on Realeste.com and Freddysolis.com Real Estate - Houses for Sale ...Freddy Solis! Real Estate - Search Manassas, VA real estate listings and houses for sale, find home values, housing market information, Virginia mortgage rates ...Realestate.com Manassas Similar Manassas Homes for Sale & Manassas Real Estate - VA | Find the Manassas, Virginia Homes For Sale & Real Estate that you're looking for on Freddysolis.com Search our website to locate your Homes For Sale & Real Estate Manassas City Prince William County Homes - Similar Fairfax Real Estate | Manassas Homes for Sale
Northern Virginia's gateway to Fine Homes & Investment Properties. Search the entire inventory of Homes for Sale online www.freddysolis.com - - Similar Manassas Real Estate & Manassas Homes For Sale — at FreddySolis.com Find Homes For Sale in Manassas. Search Manassas, Virginia real estate, recently listed homes for sale
List your home at FreddySolis.com to sell fast easy and at the best price.

Freddy Solis
Sales agent
RealEstate.com
Capital Region
703 943 7844

Freddy Solis. Capital Region. RealEstate.com Realtors. 703-943-7844 Direct. 703-955-3528 Fax

Short Sales are Looking Better

2010-04-01T19:49:00.000-07:00

New guidelines for new short-sale rules
The new short-sale rules

What sellers can expect from participating lenders starting in April:

The new short-sale rules

Sellers must be unqualified for a loan modification under the Home Affordable Mortgage Program or be unable to afford the modification.

The bank will set an acceptable value of the home upfront, based on an appraisal or broker's price opinion.

Lenders must approve or deny a purchase offer within 10 days of it being submitted.

Once the bank approves a home for short sale, sellers may stop paying all related mortgage payments, and unpaid mortgage debt will be forgiven.

These mortgage payments will not be shown as late on credit reports.

At closing, sellers are entitled to as much as $1,500 from the government to cover relocation expenses.

Have a home you want to sell call my direct line 703-943-7844 to get more details of these new guidelines that become effective 4/5/2010

Freddy Solis
Realestate.com Realtors®
Capital Region
e-mail: homes@freddysolis.com
Cell: 703-943-7844
www.FreddySolis.com

Excellent Place to Work RealEstate.com

2010-03-20T20:21:00.000-07:00

REALESTATE.COM

Join our team, get leads, close more deals, make money!
How is your company helping to strengthen your business?

Talk to me to see how RealEstate.com, REALTORS® is enhancing my business and other fellow agents in the Washington area.

Our business model reflects our exceptional prowess at internet marketing which results in quality leads from a variety of sources going directly to our real estate agents. In fact, most of our leads are warm transferred directly to our agent's cell phones from our dedicated, multi-million dollar call center. We understand that, if we provide business opportunities to our agents, it is reasonable to expect them to close on that business. Our website provides a variety of lead sources for consumers to get the information they need and then connect with a real estate agent. Our call center responds to consumers within minutes and warm transfers that consumer directly to one of our agents in the consumer's area of interest. Everything we do is focused on driving more business to our agents.

Want to learn more?
Call, text or email me with your contact information (Full name, phone number and email) so I can introduce you to one of RealEstate.com's Agent Specialists about growing your business and leads that are currently available in your area.

Freddy Solis
RealEstate.com, REALTORS®
Capital Region
8201 Greensboro Dr. 211
Mclean VA 22102
Mobile: 703 943 7844 Office: 703-442-1070 Voice Mail 703-249-2194
e-mail: myweb @freddysolis.com
www.FreddySolis.com

Learn more about our parent company Tree.com
A great job, excellent place to work.

Work With and Expert Realtor®

2010-02-24T19:49:00.000-08:00

8 Reasons Why You Should Work With a REALTOR®

Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here's why it pays to work with a REALTOR®.

1. Navigate a complicated process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multipage settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.

2. Information and opinions. REALTORS® can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

3. Help finding the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your REALTOR® to find all available properties.

4. Negotiating skills. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

5. Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally pre-screen and accompany qualified prospects through your property.

6. Someone who speaks the language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.

7. Experience. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. Even if you have done it before, laws and regulations change. REALTORS®, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.

8. Objective voice. A home often symbolizes family, rest, and security — it’s not just four walls and a roof. Because of this, home buying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll every make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.

RealEstate.com Realtors in Fairfax

2010-02-14T19:15:00.000-08:00

The fury of this winter season is ending and a new season for buying and selling is getting near, home owners who have been waiting to sell their homes are starting to get their homes ready as home buyers put away those heavy winter coats and replace them with lighter mild weather sweaters to start looking and searching for their dream home.
There is no better time to call us.
We are a full service real estate company located in Mclean VA, our diversified team of highly competent and knowledgeable professionals are here to help you, REALESTATE.com's highest priority is to fulfill our clients' real estate needs.
The professional agents here at REALESTATE.com are familiar with every aspect that Fairfax and Northern Virginia and the surrounding areas have to offer. If you are looking to the sell or buy a home in 2010 and want the best of what the Northern Virginia Real Estate market has to offer, put your trust in REALESTATE.com to attain all of your Real Estate goals.

Freddy Solis. RealEstate.com. 703-943-7844 Direct. 703-955-3528 Fax www.Freddysolis.com

Saints are Super 31-17

2010-02-07T19:09:00.000-08:00

They did it! the New Orleans Saints have pulled it off beating the Indianapolis Colts by the score of 31-17
The Saints were super with a great game plan even after falling behind 10-0 the Saints came back and beat Payton Manning's Colts in on of the most entertaining Super Bowls ever.
Saint's defense interception by Potter returned for a touchdown was the start of a great celebration of a team that showed the will to win from the beginning.
The successful execution of the on-side kick said it all the Saints were not giving up and were at this Super Bowl to win and bring back to the city of New Orleans the Vince Lombardy trophy.
Who Dat!!

Freddy Solis. RealEstate.com. 703-943-7844 Direct. 703-955-3528 Fax www.Freddysolis.com

House for Sale at MANASSAS PARK, VA 20111 | #PW7233640 | $180,000 - RealEstate.com

2010-01-09T15:31:00.000-08:00

House for Sale at MANASSAS PARK, VA 20111 | #PW7233640 | $180,000 - RealEstate.com

For all your Real Estate needs, give me a call.Freddy Solis

RealEstate.com, REALTORS®
Capital Region
8201 Greensboro Drive, Suite 211
McLean, VA 22102
703-943-7844 Direct
homes@freddysolis.com

Home BuyersTax Credit Extended

2009-11-09T11:32:00.000-08:00

First Time Homebuyer Tax Credit Extended Into 2010!
Plus...A New Tax Credit for Certain Existing Home Owners!

By Eric Delgado Friday, November 6, 2009

It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009.

In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time.

So Who Gets What?
The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on an increase in the amount of income someone may now earn.

Additionally, the program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Deadlines
In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.

Higher Income Caps in Effect
The amount of income someone can earn and qualify for the full amount of the credit has been increased.

Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible.

Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

Maximum Purchase Price
Qualifying buyers may purchase a property with a maximum sales price of $800,000.

First-Time Homebuyer Tax Credit – Frequently Asked Questions
Here are answers to some commonly asked questions about the tax credit.

What is a tax credit?
A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed. Unlike the tax credit that existed in 2008, this credit does not require repayment unless the home, at any time in the first 36 months of ownership, is no longer an individual's primary residence.

What is the tax credit for first-time homebuyers (FTHBs)?
An eligible homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home. If the amount of the home purchased is $75,000, the maximum amount the credit can be is $7,500. If the amount of the home purchased is $100,000, the amount of the credit may not exceed $8,000.

Who is eligible for the FTHB tax credit?
Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible. This applies both to single taxpayers and married couples. In the case where there is a married couple, if either spouse has owned a primary residence in the last 36 months, neither would qualify. In the case where an individual has owned property that has not been a primary residence, such as a second home or investment property, that individual would be eligible.

As mentioned above, the tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500.

How do I claim the credit?
For those taking advantage of the tax credit in 2009, you may choose to either apply for the credit with your 2009 tax return or you may apply for the credit sooner by filing an amended 2008 tax return with Form 5405 (http://www.irs.gov/pub/irs-pdf/f5405.pdf).

Can you claim the tax credit in advance of purchasing a property?
No. The IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place.

Can a taxpayer claim a credit if the property is purchased from a seller with seller financing and the seller retains title to the property?
Yes. In situations where the buyer purchases the property, even though the seller retains legal title, the taxpayer may file for the credit. Examples of this would include a land contract, contract for deed, etc. According to the IRS, factors that would demonstrate the ownership of the property would include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property.

Are there other restrictions to taking the credit?
Yes. According to the IRS, if any of the following describe your situation, a credit would not be due.

You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.
You do not use the home as your principal residence.
You sell your home before the end of the year.
You are a nonresident alien.
You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)
Your home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)
You owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2009, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2006, through July 1, 2009.

Can you buy a home from a step-relative and be eligible for the credit?
Yes. Provided the person you are buying a home from is not a direct blood relative, the purchase would be allowed.

Can parent(s) who will not live in the property cosign for a mortgage for their child and the child that is a qualifying FTHB still be eligible for the credit?
Yes.

Can a separated spouse who has not owned a home for four years qualify for the FTHB tax credit if the spouse has owned a property anytime in the last three years?
No. However, the spouse may be eligible for the repeat buyer credit. The best path to take in any situation regarding income taxes is to speak with a professional tax preparer or CPA.

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For all your Real Estate needs, give me a call.

Freddy Solis
RealEstate.com, REALTORS®
Capital Region
8201 Greensboro Drive, Suite 211
McLean, VA 22102
703-943-7844 Direct
Freddy.Solis@Realestate.com

REALTOR® -- a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict code of ethics.

First Time Home BuyersTax Credit Extended

2009-11-09T06:40:00.000-08:00

A Sweet Deal for Homebuyers

The ins-and-outs of the Homebuyer Tax Credit

If you are – like many Americans – trying to figure out the best time to make your first home purchase, then you may want to take a closer look at the first-time homebuyer tax credit that has been expanded to current homeowners as well.

CREDIT AMOUNTS
First-time homebuyers: The credit is equivalent to 10 percent of the purchase price of the home up to $8,000.
Current homeowners: The credit is equivalent to 10 percent of the purchase price of the home up to $6,500.

OTHER IMPORTANT NOTES REGARDING THE CREDIT
1. Qualifying for the homebuyer credit As it relates to this credit, a first-time homebuyer is defined as any taxpayer who has not owned a principal (or main) residence for a period of three years prior to the home purchase. Current homebuyers must have used the home being sold as a principal residence for at least five of the previous eight years. The purchase must be of a principal residence.
2. Income limitations First-time buyers: Single filers with modified adjusted gross income of $75,000 or less and married couples with MAGI of $150,000 or less are eligible for the full $8,000 credit. Current homeowners: Single filers with modified adjusted gross income of $125,000 or less and married couples with MAGI of $225,000 or less are eligible for the full $6,500 credit.
3. Purchase window The 2009 homebuyer tax credit is retroactive to January 1, 2009 and covers purchases through April 30th, 2010.
4. Refundable credit The tax credit reduces your final tax liability and you will be refunded whatever portion, if any, of the credit that remains after applying the credit to taxes you owe for that year. For example, let’s say you qualify for the full $8,000 first-time homebuyer credit and your total tax liability (after withholding) is $2,000. Your tax liability will be zero, and you will receive a refund for the remaining $6,000.
5. Purchase limitationsThe tax credit is limited to purchased homes up to $800,000.
6. Claiming the credit Claiming the credit is actually very simple. To take advantage of the first-time homebuyer credit, you’ll need to complete IRS Form 5405 which will help determine the tax credit amount. You’ll then claim that amount on line 69 of your 1040 tax return form. No pre-approval forms or applications are required!

As with most issues related to a home purchase, be sure to consult with your RealEstate.com REALTOR® for additional information or to ensure that you and your prospective purchase qualifies for this homebuyer tax credit.

Freddy Solis
RealEstate.com, REALTORS®
Capital Region
8201 Greensboro Drive, Suite 211
McLean, VA 22102
703-943-7844 Direct
Freddy.Solis@Realestate.com

REALTOR® -- a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict code of ethics.

Luxury Homes at Occoquan

2009-09-06T23:30:00.000-07:00

These beautiful water front homes in the town of Occoquan should be on your list to visit, stop by I really liked the details on the exterior and having a place to keep your boat, the best.

Face lift for Old Down Town

2009-08-25T07:01:00.000-07:00

Fairfax City gets a new look.

Parts of University Drive has seen many changes lately, this part of Old Fairfax City has new buildings with many new shops that has made Fairfax a place to visit and stop for lunch, shopping or just to enjoy an afternoon walk.
I like the new look, this part of Fairfax needed a change, the old post office building previously located on this lot was an eye sore, now it is fun to drive by this area of down town and see that all the improvements are attracting shoppers and new businesses.
Freddy Solis. RealEstate.com. 703-943-7844 Direct. 703-955-3528 Fax www.Freddysolis.com

FHA 203 (k) Rehab Loans

2009-08-15T08:53:00.001-07:00

Info at: www.hud.gov

REHAB MORTGAGE INS 203(k) Summary: Section 203(k) insurance enables homebuyers and homeowners to finance both the purchase (or refinancing) of a house and the cost of its rehabilitation through a single mortgage or to finance the rehabilitation of their existing home.
Purpose: Section 203(k) fills a unique and important need for homebuyers. When buying a house that needs repair or modernization, homebuyers usually have to follow a complicated and costly process. The interim acquisition and improvement loans often have relatively high interest rates, short repayment terms and a balloon payment. However, Section 203(k) offers a solution that helps both borrowers and lenders, insuring a single, long term, fixed or adjustable rate loan that covers both the acquisition and rehabilitation of a property. Section 203(k) insured loans save borrowers time and money. They also protect the lender by allowing them to have the loan insured even before the condition and value of the property may offer adequate security.
For less extensive repairs/improvements, see Streamlined 203(k). For housing rehabilitation activities that do not also require buying or refinancing the property, borrowers may also consider HUD's Title I Home Improvement Loan program.
Type of Assistance: Section 203(k) insures mortgages covering the purchase or refinancing and rehabilitation of a home that is at least a year old. A portion of the loan proceeds is used to pay the seller, or, if a refinance, to pay off the existing mortgage, and the remaining funds are placed in an escrow account and released as rehabilitation is completed. The cost of the rehabilitation must be at least $5,000, but the total value of the property must still fall within the FHA mortgage limit for the area. The value of the property is determined by either (1) the value of the property before rehabilitation plus the cost of rehabilitation, or (2) 110 percent of the appraised value of the property after rehabilitation, whichever is less. Many of the rules and restrictions that make FHA's basic single family mortgage insurance product (Section 203(b)) relatively convenient for lower income borrowers apply here. But lenders may charge some additional fees, such as a supplemental origination fee, fees to cover the preparation of architectural documents and review of the rehabilitation plan, and a higher appraisal fee. Eligible Customers: All persons who can make the monthly mortgage payments are eligible to apply. Cooperative units are not eligible; individual condominium units may be insured if they are in projects that have been approved by FHA or the Department of Veterans Affairs, or meet certain Fannie Mae guidelines.
Eligible Activities: The extent of the rehabilitation covered by Section 203(k) insurance may range from relatively minor (though exceeding $5000 in cost) to virtual reconstruction: a home that has been demolished or will be razed as part of rehabilitation is eligible, for example, provided that the existing foundation system remains in place. Section 203(k) insured loans can finance the rehabilitation of the residential portion of a property that also has non-residential uses; they can also cover the conversion of a property of any size to a one- to four- unit structure.
The types of improvements that borrowers may make using Section 203(k) financing include:
• structural alterations and reconstruction
• modernization and improvements to the home's function
• elimination of health and safety hazards
• changes that improve appearance and eliminate obsolescence
• reconditioning or replacing plumbing; installing a well and/or septic system
• adding or replacing roofing, gutters, and down spouts
• adding or replacing floors and/or floor treatments
• major landscape work and site improvements
• enhancing accessibility for a disabled person
• making energy conservation improvements HUD requires that properties financed under this program meet certain basic energy efficiency and structural standards. Application: Applications must be submitted through an FHA approved lender.
Technical Guidance: Insurance for rehabilitation is authorized under Section 203(k) of the National Housing Act (12 U.S.C. 1709(4k)). Program regulations are at 24 CFR 203.50. For more information contact the FHA Resource Center. For More Information: A brochure, Rehab a Home with HUD's 203(k), is available online. A set of questions and answers about 203(k) loans is also available.

U.S. Department of Housing and Urban Development
Telephone: (202) 708-1112
TTY: (202) 708-1455

Freddy Solis. Capital Region. RealEstate.com Realtors. 703-943-7844 Direct. 703-955-3528 Fax

Money for Affordable Housing

2009-08-14T07:00:00.000-07:00

HUD ANNOUNCES $2,851,767 MILLION FOR AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT IN PRINCE WILLIAM COUNTY AUGUST 3rd - U.S.
Housing and Urban Development Secretary Shaun Donovan today announced the Prince William County will receive more than $2.8 million to support community development and produce more affordable housing. "This funding represents HUD's continuing investment in helping our local partners improve their communities," said Donovan. "If we hope to lay the groundwork for sustainable growth and prosperity in the future, it's critical that we help state and local communities to make the needed improvements and to produce more affordable housing." The funding announced today includes: • $1,919,609 in Community Development Block Grant (CDBG) funds; and • $847,491 in HOME Investment Partnerships (HOME) funding; and • $84,667 in Emergency Shelter Grant (ESG) funding
• $2,851,767 - Total

Information by
Toni Schmiegelow (804) 822-4808 www.hud.gov/news
Freddy Solis. Capital Region. RealEstate.com Realtors. 703-943-7844 Direct. 703-955-3528 Fax

12 Hidden Facts about Foreclosed Properties

2009-07-17T07:54:00.000-07:00

12 Facts Nobody Told You When Purchasing Bank Owned Foreclosed Properties

What to expect when purchasing Bank Owned Foreclosed Properties

1. In many instances the home will sell AT or OVER the asking price. If they list the property well under value right out the gate, get ready, there will be a flock of people with multiple offers. It's like eBay; John isn't going to let Paul buy the house for pennies on the dollar without putting in a higher bid. Sometimes the house ends up selling for more than market value, just because of the excitement and emotions of multiple offers. The banks will list a home priced below true market value, as an aggressive starting point to attract multiple offers and they are guaranteed the house will sell within one week. When multiple offers occur on a property, they will ask all buyers with offers on the property to then bring their "HIGHEST and BEST offer and the best offer gets the home.

2. Banks accept offers within 5%-10% of asking price within the first 30 days on the market, NOT 50% of their asking price. The most common misconception is that banks are desperate and will take anything. NOT TRUE! The banks will reduce the price every 30 days usually until the house sells. The bank will do one of three things after they receive your offer: They will REJECT your offer, if they feel you are not a serious buyer, ACCEPT your offer, or COUNTER your offer. While these negotiations are happening the bank will be looking at all other offers that come in and they can accept any other offers.

3. The bank will look at the how you will be paying for the property. Cash is always best. When financing they look at the type of loan you are financing the mortgage with: Conventional, FHA or VA, and the amount you are putting down on the property. Conventional mortgages can usually close sooner and have the least amount of contingencies.

4. Banks look for the cleanest offer with the LEAST amount of contingencies. To make your offer strongest you can waive the offer contingent upon a successful inspection, and waive the contingency to get your mortgage obtained.

5. They look for an offer with a large Earnest Money Deposit to ensure you are a very serious buyer.

6. Most banks will ask for a response back from the buyer within 24 hours, if the bank counters your offer or the deal is void.

7. Bank owned homes are sold AS-IS. This means they will not provide any repairs or changes to the home. You are welcome to do a home inspection though.

8. After submitting an offer the bank will respond within 2 days to 2 weeks on average. Usually the better your offer is the faster they respond. If they take two weeks to respond it's usually because it was a very low offer.

9. There are NO sellers disclosures provided with a bank owned home. The bank has no information on the condition of the home or when any repairs or updates have been performed, if any. You can pay to have your own private inspection done by an inspector of your choice.

10. Banks prefer to close on a property within 30 days of an accepted offer.

11. You will need a mortgage PRE-APPROVAL and loan program chosen when making an offer on a property. They will not look at an offer without a current pre-approval from a reputable lender. In fact, most banks require that you get pre-approved through their lender as reassurance you qualify for a loan. You do not have to go through their lender, but some banks require you to be pre-approved by heir own lender of choice to be considered on an offer.

12. Many bank properties have MOLD issues due to no utilities being on, and the potential of a water pipe bursting due to cold weather conditions and flooding may have occurred. This may have allowed mold to form in the drywall. The bank WILL NOT remedy this issue.

Freddy Solis
RealEstate.com, REALTORS®
Mobile: 703-943-7844
FreddySolis.com

FREE Expert Advise for Home Buyers

2009-03-22T21:48:00.000-07:00

Let an expert Virginia Realtor® help you throughout the real estate buying or selling process.

Full MLS Search, free home evaluation for Fairfax and Prince William home owners and potential home buyers.

Freddy Solis, Local Real Estate Expert in Fairfax and Woodbridge Virginia

Happy to serve Fairfax, Prince William Counties as a Realtor/ Short Sale Specialist. Also a neighborhood expert in Braemar (Bristow, VA)

Get the best homes, expert advice, residential listings, and local real estate market news.

All services are done for FREE if you are buying, Take advantage now that the markets are changing, with great benefits for home renters and first time home buyers.

Freddy Solis

703-943-7844

Choose your language

English ~ Spanish ~ Italian ~ French ~ German ~ Polish ~ Portuguese ~ Japanese ~ Chinese ~ Russian ~ Korean ~ Vietnamese

The Northern Virginia Home Market

2009-03-16T10:00:00.000-07:00

Sales Increase, in the Northern Virginia area.

NVAR's monthly statistics report indicate a increase of home sales in the Northern Virginia area. "A total of 1,067 homes sold in February 2009, a 10.11 percent increase above February 2008 home sales of 969."

When you add home sales in the Prince William, Loundon and the Greater Piedmont counties the February 2009 sales are looking much better with an increase of 25.81 percent compare to numbers from 2008. This report shows an eleventh consecutive month of increased year over year sales totals.

We continue to see price declines over the entire Northern Virginia area, but another bright part of the report is the decrease in number of days homes stay listed for sale.

Se the complete report and additional commentary at the NVAR's website monthly statistical reports.

Freddy Solis
RealEstate.com
Realtor
703-943-7844

Search all local homes currently listed for sale at:
http://www.freddysolis.com/

Bargain Prices Homes for Sale Under $250,000

2009-01-16T15:06:00.000-08:00

Great Home Prices in Fairfax City VA 22030

Properties Under $250,000**

10123 Mosby Woods Dr.......$147,900 3 BD 1 FB

4029 Roberts Rd..................$187,100 4 BD 3 FB

10110 Mosby Woods Dr.......$199,900 3 BD 2 FB

4148 Addison Rd..................$209,000 3 BD 2 FB

10007 Mosby Woods Dr......$229,000 3 BD 1 FB

4036 Maple St......................$244,900 3 BD 2 FB

4114 Addison Rd..................$250,000 4 BD 2 FB

4023 Chestnut St.................$250,000 3 BD 1 FB

Call for more details.
**Blank reports indicate home was SOLD.

http://www.freddysolis.com/

703-943-7844

Northern Virginia (Prince William Co.)

2009-01-12T10:28:00.000-08:00

Prince William County, Manassas Park Home Prices

Best Home Prices in Northern Virginia.

For many years Fairfax County has been one of the most desirable places to live, being so close to the nation's capital, and having one of the best school systems in the country not to mention the job market in this area tends to stay ahead of most metropolitan job market trends nation wide had made this county one of the best all around.

Now Prince William county and Loundon county (the richest county 2008) is giving its neighbor competition when it comes to families choosing where to live in Northern Virginia, with so many new communities in Prince William county that challenge the best and well known in Fairfax county having to drive an extra fifteen minutes commuting does not sound too unpleasant. Look at the City of Manassas Park where prices for homes have come down to levels seen in the mid 1990's many families looking to buy for the first time are finding bargains and buying that first dream home.

Other communities just outside Manassas like the fairly new community of Braemar in Bristow Virginia has attracted many families because of all the the amenities Braemar offers such as the two large pools available for home owners in the summer time and the many walking and biking trails that are available year round, the best part is that the Prince William county transportation department is keeping up with the growing population with many road improvements around Braemar it has made traveling much easier for the residents in this very popular locality, also new shopping centers currently open and more to come has greatly improved Braemar and has made this community one of the best and ideal choices to raise a family or to live here after retirement.

www.FreddySolis.com

703-943-7844

Hispanics Making Waves

2008-12-09T16:03:00.000-08:00

Each year Hispanic Business publishes a list of the top 500 Hispanic-owned businesses. In 2008, 11 Fairfax County firms were named to the list. Together, these companies generated $400 million in revenue and employed 4,895 workers in 2007.

Hispanics have been making a difference in Fairfax County, creating jobs and contributing with progress and keeping Virginia's economy at a top level among states.

Hispanic Business 500

Rank	Name
42	MVM Inc.
88	GeoLogics Corporation
91	Tessada & Associates
141	Priority One Services, Inc.
147	COmputing TechnologieS Inc
159	Kemron Environmental Services
211	SCI Consulting Services, Inc.
303	CItizant
356	Engineering Management & Integration
405	MicroTech LLC
476	MAC Aerospace Corporation

Investing in Foreclosures

2008-10-07T12:00:00.000-07:00

Safe Foreclosure Investing: an Overview

Author: Josh Sloan

Right now, there are more opportunities to purchase houses in foreclosure than ever before. Contrary to what you might see on late-night TV or on websites offering information on HOW *YOU* CAN GET RICH WITH FORECLOSURES!!!, investing in foreclosed properties is not a get-rich-quick scheme. It is, however, a get-rich-slowly scheme - *if* you love working with houses, improving them and marketing them, *if* you have a steady cash flow already and *if* you are aware of the legalities of the system and how to make them work for you. Some people might tell you this is easy money - usually with an expensive seminar or CD attached. However, while foreclosure investment can result in a profit, the unbridled flow of riches just aren't going to happen. You may get lucky with one house and make some money, but this isn't going to happen all the time, nor is it something you can bank on making a steady flow of income with until you accumulate enough knowledge and experience to predict which house is going to be the next 'diamond in the rough'. Your best bet is to engage the services of a Realtor® who specializes in foreclosure, at the very least, for your first foreclosure investment. Your Realtor® can guide you through the ins and outs of the legal system, help with paperwork, and do the research on foreclosed homes that can net you the best home for your dollar. They also can guide you to publications, educational materials and other tools that you can use in your search for the next foreclosure. Foreclosures can also be an emotionally harrowing experience, not to mention financially, for the people who have to deal with evictions and/or vindictive former owners. Some former homeowners continue living in 'their' home for as long as they can, even after the eviction papers have been sent. An experienced lawyer can help you with the legalities entailed in eviction. Some people may be spiteful enough to damage or strip the property. Some may even leave behind pets that will damage or foul the property and, if not found in time, die from lack of food and water. Assuming that you're buying an empty foreclosure, you need to have a good idea of how much is required to get the home back into sellable condition. If you are not proficient in assessing a home, obtain the help of a professional who can go through the home and give you an estimate of what needs to be done. Paint and new carpets are one thing; having to completely rewire the house is quite another! Allow for a significant chunk of time to do repairs/oversee repairs and improvements. If you are doing a lot of this yourself, you will probably have to devote most of your free time to this endeavor, which can eat into family and friend commitments. Also, consider what's going to happen when the mortgage is due. You must be able to carry the house for a few months on your own money if repairs take longer than anticipated or if the housing market takes a downturn. If you cannot make the payments due to the fact that you were depending on a quick sale, you'll be in the same position as the people who formerly owned your home. Another issue with foreclosure is the laws of your state. Some states allow owners to 'buy back' their homes for up to 30 days after a court-ordered auction. Be wary of foreclosures in states that allow this and make sure that the house is definitely yours before you start making improvements. Investing in foreclosures is not always easy money. There are many pitfalls into which the novice buyer can stumble - even if the buyer has bought other types of properties before. A foreclosure is different. However, with the help of a knowledgeable Realtor®, you can be on your way to a new and potentially profitable hobby.

Article Source: http://www.articlesbase.com/investing-articles/safe-foreclosure-investing-an-overview-593437.html

About the Author:
Joshua Sloan is an experienced San Diego real estate agent. Visit his site for help finding new Escondido real estate .

Fairfax New Shopping Area

2008-09-20T18:34:00.000-07:00

Fairfax has new businesses and shops to visit including a few restaurants to relax and have a pleasant meal, these new shops are located where the old post office was on North Street between Chain Bridge Road and University Drive.
Close by about a block away is the new library this entire area has plenty of public parking to make your visit here enjoyable and within walking distance.
Latest homes for sale and MLS listings near the city of Fairfax

Other places to visit around Fairfax.

Searching for homes in this area find them here, or call Freddy Solis 703-943-7844

Keep-up with the latest home listings in Fairfax

2008-09-19T18:16:00.000-07:00

Some of the latest listing in the city of Fairfax, to visit any of these properties please contact me at 703-943-7844 Freddy Solis

Complete list with more details and property descriptions are available to anyone looking to purchase a home in Fairfax.

Houses for sale in Fairfax 22030 as of 9-19-2008

4306 Andes Dr, Fairfax $315,900 4 2 1 Fairfax Villa

3851 Aristotle Ct #1-211, Fairfax $210,000 1 1 0 Fairfax Ridge

11349 Aristotle Dr #6-404, Fairfax $284,900 2 1 1 Fairfax Ridge

11371 Aristotle Dr #108, Fairfax $309,900 2 2 0 Fairfax Ridge

4616 Dixie Hill Rd, Fairfax $1,749,000 4 4 2 Dixie Hill

4697 Eggleston Ter #131, Fairfax $324,900 3 2 1 Residences

4144 Fountainside Ln #203, Fairfax $290,000 2 2 1 Random Hills

5231 Gunpowder Rd, Fairfax $945,000 4 3 1 Cannon Forest

11425 Log Ridge Dr, Fairfax $390,000 2 2 0 Ridge Top

5113 Myrtle Leaf Dr, Fairfax $730,000 5 3 1 Willow Ponds

4815 Prestwick Dr, Fairfax $649,500 4 3 2 Brecon Ridge

13064 Quartz Ln, Fairfax $409,880 3 2 1 Rockpointe

12131 Vawter Trl, Fairfax $463,000 3 2 1 Fair Chase

11301 Westbrook Mill Ln #302, Fairfax $279,900 3 2 1 Westbrook Court

11314 Westbrook Mill Ln #302, Fairfax $289,000 3 2 1 Westbrook Court

Properties are for sale by Realtors® and other realty professionals that are members of the local MLS Multiple Listing Service

My Active Rain Real Estate Blog

Bad agents...

2008-09-13T17:58:00.000-07:00

Read what US News has compiled after talking with many individuals involved and dealing in the real estate industry as the six signs that indicate a client might be dealing with a Crummy real estate agent.

I included have encountered agents while in the process of purchasing my first home (before I became licensed) some individuals who I would describe to have some of the characteristics listed below. I once had this agent who made an appointment to meet us a Saturday but never show up and then had the face to tell us he had waiting for us for two hours.

One of my first clients were my parents I asked them to be honest with me about everything if they were unhappy or if they felt neglected trough out the transaction, that input from my parents was something that helped me out in the future from then on I have always treated my client as family, someone who I dearly want to help and to advice in the complicated process of buying or selling a home.

1. Out of pocket. Communication, if your agent doesn't return your phone calls in a timely fashion or disappears without warning for weeks at a time, you should probably find someone else or end up waiting whole days in the dark.

2. No advice. Let's face it; even homeowners who have been through several real estate transactions can benefit from a little advice from their agent. But if an agent doesn't offer any advice, it could be an indication that he or she is not fully engaged in the process.

3. Insists on affiliates. Real estate agents who insist on clients' using a particular lender or affiliated company for the transaction should also trigger alarm bells. That's a huge red flag because you should be able to use whoever you want to use.

4. Part-time gig. Just because a real estate agent has a license doesn't mean it's his or her full-time job. And while some part-time agents are certainly capable. If your real estate agent is actually a waiter, waitress, or [another profession], then you are probably not going to be happy with where their priorities are.

5. Keeps it in the family. A real estate agent who shows buyers only properties that are listed with his or her brokerage could be subordinating the client's best interests. By limiting the inventory, agents are not doing their job representing a buyer.

6. Behavior problems. State agencies, keep the records of all disciplinary actions taken against their agents. It's a good idea to check with the state agency simply to ensure that your agent is in fact licensed—as scam artists have been known to pose as real estate agents to perpetrate fraud.

Read the article

President Bush being himself.

2008-09-02T12:20:00.000-07:00

This is a funny video I had to post it here for everyone to see. The president should have been a comedian, he is so funny. Bush sure keeps the US smiling.

How To Share Videos With Your Friends And Get Paid! Click Here.

My favorite Websites

2008-08-30T14:03:00.000-07:00

These websites are some of the many I try to update often. Check them out

Solisweb.com Excellent Gift Shopping
Liked it 4:43pmEdit*1 review software, shopping, electronics, video-games, gifts
http://solisweb.com/
The place to find gifts, electronics and the latest videos, computer games plus the most popular software.
Check out this site you will like it too.

Freddy Solis Your Real Estate Coach (Jobin Realty ) - Real Estate...
Liked it 4:35pmEdit* 1 review real-estate, agents, house-market
http://activerain.com/solisweb3
Real estate agents this is the site you want to see. Lots of information to read.
My blog about real estate check it out. Are you an agent sign up.
activerain.com/action/referrals/solisweb3 [activerain.com]

Bristow Virginia homes for sale
Liked it 4:25pmEdit* 1 review real-estate
http://freddysolis.com/
Find homes in the Bristow area in Prince William county Virginia. Also search for homes in the Northern Virginia area to include Fairfax County Virginia. Very easy to use with lots of information for anyone looking to find a home or sell a home.

Freddys Fairfax Virginia Blog
Liked it 4:19pmEdit* 1 review real-estate, blog, virginia, fairfax
http://solisweb3.activerain.com/
Real estate blog with many posting about Fairfax Virginia. Visitors will find great information about Fairfax county properties and houses information.

PassionDuo Green Blogger Template | eBlog Templates
Liked it 4:11pmEdit* 1 review software
http://www.eblogtemplates.com/passion-duo-green-blogger/
Like very much, very easy to use and set up.

Faifax Virginia Views

2008-08-19T19:18:00.000-07:00

Fairfax Virginia Sunset

The City of Fairfax as it looked one afternoon. The sunset looked colorful I had to stop and take this picture to share it with everyone.

The sun was bright red and blinding all the drivers facing west on Main St.

Let me help you FSBO

2008-08-12T20:47:00.000-07:00

Are you a homeowner thinking about selling your home yourself?

Let me help with some tips on how to get your home ready.

Listing that Property: Seller's Guide

Some ideas to get that property sold much faster.

Most FSBO stay in the market too long because the owners did not do enough research about advertising and have no idea how to attract potential buyers to see their house. Eventually those home owners seek the help of real estate agents to sell their homes after wasting too much precious time trying to do something they were not trained to do.

Visit my blog at http://solisweb3.activerain.com/

Northern Virginia Real Estate Blog

About Me. Real Estate Google Search

FHA News - Debt-to Income Ratios

Home Buying - Tools That Make it Easy

First Time Home Buying Help (Money)

The Federal Home Loan Bank (FHLB)

Freddy Solis Sells Homes in Bristow and Gainesville VA.

Great Buyer's Information

116 Fort Evans Rd SE APT C Leesburg, VA 20175 Condo at Fox Chapel

116 Fort Evans Rd SE APT CLeesburg, VA 20175

For Sale: $109,900

Description

Estimated Monthly Payment

Mclean Real Estate News

Centreville and Manassas Homes for Sale

Economic Report

Get Your FREE Report

Location: Where to Invest

Investment Tips

Web News

Fairfax Virginia Real Estate News

Website Changes and Improvements for the Year

Homes for Sale in Centreville VA

PG County My Home Program

Economic Summary

Lafayette Park Condos

Home Sales Down, Prices Up

Obama Administration HAMP Cramdowns

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116 Fort Evans Rd SE APT C
Leesburg, VA 20175