Blog :: 06-2018

Amanda Davidson Real Estate Group is Northern Virgina's most trusted local, independent resource for real estate news and insight. Our team has its finger on the pulse of the real estate market in Alexandria and the surrounding counties. Here you'll find the latest market updates, local news, and tips for buyers and sellers.

5 Strategies to Keep in Mind When Selling a Condo in Kingstowne VA

 

Homes for Sale in Kingstowne VA

 

This year is a great year for condo owners to sell their homes. Although home prices across the United States have seen a consistent rise in recent years, more and more buyers who want to downsize their homes still rush to buy homes for sale in Kingstowne VA because they want to take advantage of low mortgage rates.

 

If you are a condo owner and are thinking about selling your condo, this may be the best time to do so. However, selling a condo is not exactly the same as selling other types of homes so you need to take a lot of factors into consideration before making any decision.

 

Here are five important things you should keep in mind when selling your condo:

 

Know the DOM range for condos similar to yours

One of the first things you should do before deciding to sell your home is to look for condos for sale in Kingstowne VA that are comparable to yours in terms of unit type, floor location and square footage. Listings usually indicate the DOM (days-on-market) of properties, which refers to the number of days it takes for a property to find a buyer. By considering the DOM of homes similar to yours, you will be able to determine a reasonable timeframe for your condo to sell. 

 

Know everything about your condo

 

Condos for Sale in Kingstowne VA

 

If you want to sell your condo fast, you must be prepared to answer all the questions your potential buyers might ask. You may also need to review the HOA (homeowner association) rules to determine which parts of your unit you need to work on. HOA rules help you know which flaws fall within acceptable standards or need some improvements.

 

Decide which repairs or improvements are worthwhile

Since renovations involve money, you have to determine which improvements are worthwhile and which are not. Of course, you need to prepare your home before officially listing it, but you can’t just do a total makeover without giving it some thought. 

 

Try to reduce listing costs

While there are plenty of ways you can save on listing costs when selling a home, never skip the standard commission of a real estate agent. Having an agent to represent you in your transactions will make it much easier for you to find potential buyers for your property. Some of the ways you can reduce listing costs while working with an agent include staging your home yourself and hiring a contractor that can do repairs at a much lower rate. 

 

Reviewing the clauses in your buyer’s first offer

One of the most exciting things sellers look forward to when selling a home is receiving their first offer. Although receiving an initial offer for your property can be truly exciting, don’t get carried away immediately. Screen the clauses of the offer, especially the timeframe for the buyer’s obligations, closing adjustments and other addendums. 

 

Are you planning to sell your home in Kingstowne VA? Then contact me today at 703-431-3755 and I’ll help you get started! I am Amanda Davidson, Kingstowne’s top REALTOR!
 

 

 

It's A Seller's Market and Then Some

It’s A Seller’s Market and Then Some

I had a call from an agent who showed one of my listings the first day it came on the market. She was calling to inquire about its availability and I let her know we already had an offer, were expecting one more and had a full day of showings scheduled. We had a good conversation and she planned to call her buyers and then get back to me.
 


Fast forward to the next day, she called back and said her buyers think I’m not being honest about having an offer. Citing that there’s just no way an offer came in on the first day the home was on the market. We had another long talk and I really felt for her because she knew I wasn’t lying and what the market is currently doing but, from what she shared these buyers thought every agent was lying about having offers and even when a home would then go under contract within a couple days of her passing the information along to them they still didn’t believe it.
 


If you’re buying a home in the current market know this – it’s a seller’s market and then some. Homes that are priced correctly, have a reasonable amount of updates, and show well are not only moving quickly they’re moving in a matter of days and that’s no lie. Her clients decided not to write and told her that they thought the home would still be on a market in a week and they’d make an offer then so that they could negotiate. Needless to say, the house was on the market for 5 days and half of that was time spent negotiating due to the 6 offers that came in. The sellers selected an offer that carried very little risk for them and the rest is history.

 

 

The agent’s buyers took it upon themselves to go knock on the door of my listing. They questioned the sellers about receiving multiple offers and then proceeded to try to “cut a deal” with them. My sellers set the record straight and confirmed everything that was shared with them was the truth and under no certain circumstances would they be cutting any deals – they had an offer they were extremely pleased with. My clients weren’t thrilled that these buyers had come right to their home to ask questions but, thankfully understood that their agent and I had no idea they would do that.
 


 

If her buyers aren’t able to come to terms with the current market conditions they simply aren’t going to be successful in purchasing a home and that’s the case for any buyers who think it’s not a seller’s market. With the right pre-marketing and presentation, sellers are in the driver’s seat when they list their home. As a buyer be prepared to make an offer quickly and put your very best foot forward right from the start.

 

 

Coming Soon In Brambleton: 42346 Benfold Square Ashburn, Va 20148

Coming Soon In Brambleton: 42346 Benfold Square Ashburn, Va 20148

Pristine and 4 Years Young Van Metre Townhome!
 


You won’t find another home with as much pride of ownership as 42346 Benfold Square. The owners have meticulously maintained the home and it shows like a model. The phenomenal open floorplan with over 2,100 square awaits you.
 

42346 Benfold Square was built in 2014 by Van Metre and features 2 levels, 3 bedrooms, 2 full baths, and 1 half bath. You’re greeted with upgraded 5” hickory engineered hardwood floors on the main level. Entertain guests in the open kitchen with upgraded appliances, granite, backsplash, and a center island. The upgraded maple cabinets offer plentiful storage.
 


Relax in the great room with the gas fireplace featuring granite surround. The ceiling fan, recessed lighting, and crown molding add the perfect accents to the main level.
 


Step out into the fully fenced backyard with a patio and enjoy the outdoors.
 


As you walk up to the upper level you’ll find additional upgraded 5” hickory engineered hardwood flooring in the hall with a retreat area that’s perfect for an office. The laundry room is located off the retreat – nothing more convenient than upper-level laundry!
 


The exceptionally large master suite is located on the right as you come up the stairs and in addition to the generous space boasts 2 walk-in closets. Upgraded tile, dual vanities with a granite top, and a large shower await you in the master bathroom.
 


On the opposite side of the retreat are two additional bedrooms and a full bath. Both bedrooms are well sized and have ample hanging space in the closets.
 


Enjoy all that the Brambleton lifestyle offers- outdoor pools, parks, community center, fitness center, clubhouse, sports courts, and tot lots. High-speed internet and cable are included in the HOA fee. 42346 Benfold Square is also located within minutes to the future Silver Line Metro.

 


To learn more about this outstanding home contact Amanda Davidson Real Estate Group today, 703-988-1711 or info@amandadavidson.com.

 

Kingstowne Home Sales May 2018 Market Update

Kingstowne Home Sales May 2018 Market Update

The housing market in Kingstowne experienced another strong month of sales in May. An increase in the number of homes sold, sellers still seeing over 99% for the sale to list price ratio and days on the market remaining very low.
 


Let’s check in on what happened in the Kingstowne market during May 2018.

•Number of Sales: 67
•Highest Priced Sale: $850,000
•Lowest Priced Sale: $232,000
•Median Sales Price: $490,000
•Median Days on Market: 7
•Median Sale Price to List Price Ratio: 99.24%

 

 To gain some perspective let’s look back and compare to May 2018…

•Number of Sales: 60
•Highest Priced Sale: $832,800
•Lowest Priced Sale: $224,590
•Median Sale Price: $492,250
•Median Days on Market: 6
•Median Sale Price to List Price Ratio: 99.75%

 


It remains a seller's market in Kingstowne. Seller's are seeing almost 100% for the sale to list price ratio and homes are moving very quickly. Inventory continues to be low and it's an excellent time to be a home seller in Kingstowne.
 


There are currently 60 homes for sale in Kingstowne. While we sound like a broken record we’ll say it again – supply isn’t keeping up with demand in Kingstowne. Homes that are priced according to the market and reasonably updated are going under contract in a matter of days, sometimes in hours. It is an incredible time to be in a seller in Kingstowne. Getting top dollar for your home still requires proper preparation and the right marketing plan. Buyers are savvy and are looking for a product that is turnkey ready. Overpricing your home in the current market will result in it becoming stale inventory and ultimately impact your bottom line. As a buyer, in order to be successful in the current market, you need to be prepared. Have your pre-approval in hand, be available to tour homes the day they come on the market, and present an offer with short contingency deadlines and your highest and best terms upfront. Working with an agent who has full time availability and a constant pulse on the market is imperative to be successful in the competitive market we’re experiencing.
 


If you’d like to know more about the Kingstowne real estate market or have questions about buying or selling reach out to us. We are a small business located in Hilltop Village Center near Wegmans and always welcome the opportunity to help.
 


Find out the value of your Kingstowne home here – free estimate. Our home value tool is just a guide, if you are looking for an accurate analysis on the current value of your home nothing replaces the expertise of a local agent with years of experience selling homes.

 

See Homes For Sale In The Kingstowne Area

Kingstowne Housing Market Update April 2018

 

 

 

 

 

Under Contract in Hayfield Farm | Alexandria, Virginia 22315

Under Contract in Hayfield Farm | Alexandria, Virginia 22315

7639 Kingsbury Road Alexandria, VA 22315
Spotless home located in the sought after Hayfield Farm neighborhood!
 


7639 Kingsbury Road was on the market for only 3 days before going under contract. Showings started within hours of going on the market and multiple offers were received. The sellers did a beautiful job with their home and it showed with all the activity we received!
 


7639 Kingsbury Road has been lovingly maintained and exceptionally updated. Enjoy 5 bedrooms, 3 full baths, and a .25 acre lot with a fully fenced backyard – all in the sought after Hayfield Farm neighborhood!
 


As you enter this outstanding home you’re greeted with hardwood floors throughout. The spacious eat-in kitchen sparkles with granite countertops, stainless steel appliances, and custom cabinets. The kitchen is filled with natural light from the sliding glass doors leading to the patio and large backyard. Grow your own produce and herbs in the custom organic garden beds.
 


Relax in the living room with a wood burning fireplace or entertain family and friends in the separate dining room. There is a bedroom and full bath with Silver Shadow marble and heated floors on the main level. The main level also features a multi-purpose room, make it an office, home gym, bedroom, or whatever your heart desires. A large space and French doors make it very versatile.
 


View the tour of this beautiful home.
 


On the upper level of 7639 KingsburyRoad you’ll find 4 bedrooms. The large master bedroom offers ample closet space and an attached master bath with Carrara marble. The additional 3 bedrooms are generously sized and have plenty of storage. The hall full bath also features Carrara marble. No detail has been spared in this stunning and inviting home.
 

As you enter the basement a large rec room awaits you complete with a wet bar with granite counters and an additional refrigerator. The basement is also home to a large storage room and a front loading Samsung washer and dryer.
 


The opportunity to make an offer on 7639 Kingsbury Road has passed but, we can always help you find another home in the Kingstowne area. If you're thinking about selling your Hayfield Farm home we'd love to achieve you similar results. Give us a call 703-988-3151 or email amanda@amandadavidson.com for your Kingstowne buying and selling needs!

 

 

 

Father's Day Activities 2018

What To Do With Dad?

Father’s Day is fast approaching so it’s time to think about how to spend the day with dad. Here are some fun, dad approved, activities that everyone can enjoy!

Golf-  Let dad tee off at Top Golf! There’s food and drinks too!

 

Nats Game- The Washington Nationals baseball team has a game this Sunday against the Blue Jays that we’re sure dad would enjoy!

 

Dad Movie- There’s a couple movies coming out this weekend that might pique dad’s interest. Checkout Gotti, a biographical drama about infamous mobster, John Gotti, starring John Travolta. Or if dad’s in the mood for something a little lighter hearted, checkout the movie Tag. It’s a comedy about a group of grown men who spend one week a year playing the game of tag, and it’s based on a true story!

 

Fishing- If dad’s up for a relaxing day, try renting a boat and rods from Burke Lake Park and let dad reel ‘em in!

Museum- The Friendship Firehouse Museum in Old Town, Alexandria will be offering free admission for dads and their families on Father’s Day. You can even get a complimentary family portrait from the firehouse photographer this Sunday all while experiencing the historic equipment that fought fires in early 19th century, right here in Alexandria!

 

What ever you decide to do with your dad, I'm sure he will love it just because you are there. It's not about the activity but the time spent! Happy Father's Day to all the dad's out there :)

 

 

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    Buying A Home vs. Renting

    Buying A Home vs. Renting
    In the spirit of June 
    being National Homeownership Month I thought I’d revisit the topic of buying vs. renting. Long before I became a real estate agent I was a big believer in buying a home or multiple homes. My belief has only strengthened as the years have gone by. Many still consider it to be the American Dream to own a home and it’s truly not as hard as one might think. Gone are the days of needing 20% down in order to get a mortgage. Home prices are rising, so are interest rates and the cost of renting. If you’ve ever thought about buying a home the time is now!
     


    Stability – renting does not give you stability. The owner of the property can decide to sell, decide not to renew your lease, or raise your rent to the point that you decide to me. If you own a home and pay your mortgage, taxes, and insurance on time you can stay in the home as long as you’d like.
     


    Maintenance- one perk of renting is that you are responsible for little or no maintenance. That might not be as good as it sounds though because you are at the landlord's discretion in getting repairs made. As a homeowner you’re responsible for maintenance but, also in control of who does it and how it gets done.
     


    Customization- making changes to the flooring, updating the kitchen, or changing light fixtures isn’t an option when you’re renting but, it sure is when you own your home. Make it into whatever fits your personality and change it as frequently as you’d like.
     


    Initial Costs- renting a place will typically mean coming up with a security deposit equivalent to one month of rent, a processing fee for your application, and your first month of rent. Yes, it is less than making a down payment but, rent is money you never get back. When you make your down payment and then monthly payments on your mortgage you’re building equity.
     


    Investment- there is nothing related to an investment when you rent. You’re paying for use of the space and will have nothing to show for it when the time comes to move out. When you own you are making a long-term investment.

    If you are considering buying in the Alexandria area and have questions about pros and cons reach out to us for answers. 703-988-1711 or amanda@amandadavidson.com. 

     

     

     

    Manchester Lakes Market Update June 2018

    Manchester Lakes Market Update June 2018

    Manchester Lakes is located in the Kingstowne area of Alexandria. The neighborhood is home to 1,390 townhomes and condos that compose 10 different communities. Built in the 1980’s Manchester Lakes has two different sections that are separated by Manchester Lakes Boulevard.
     


    Condo Communities within Manchester Lakes

    Victoria Crossings

    Essex House

    Surrey

    Tiers I

    Tiers II
     


    Townhouse Communities within Manchester Lakes

    Kings Crossing

    Manchester Commons

    Manchester Crossing

    Manchester Oaks

    Townes Of Manchester
     


    Manchester Lakes Amenities

    Resident’s enjoy use of a community center, fitness center, outdoor pool, sports courts, and tot lots. There are beautiful ponds throughout the community and a park nearby.

     

    What’s Nearby Manchester Lakes
    Living in Manchester Lakes offers a peaceful setting while still being within minutes of daily needs and transportation. Kingstowne Towne Center is within walking distance and home to 2 grocery stores, Kingstowne 16 Movie Theater, Starbucks, Bonefish Grill, Panera, Pasara Thai, sweetFrog, Famous Footwear, HomeGoods and many other retail and dining options. Other centers that are less than 5 minutes from the neighborhood include Festival at Manchester Lakes, Hilltop Village Center, and Springfield Town Center. Access to 495, 395, 95, and Fairfax County Parkway is nearby and convenient from the neighborhood. The US Coast Guard Station, Bolling Air Force Base, Fort Belvoir, and the Pentagon are all nearby.

     


    Manchester Lakes Real Estate Market Activity
    The following is a review of activity in Manchester Lakes since January 2018.

    •Number of Sales: 18
    •Highest Priced Sale: $542,500
    •Lowest Priced Sale: $170,000
    •Median Sale Price: $356,250
    •Median Days on Market: 9
    •Median Sale Price to List Price Ratio: 98.15%

     

     

    If you’re interested in buying or selling in Manchester Lakes reach out to us. We’d love to connect with you and are always happy to answer questions.

     

    View Homes For Sale In Manchester Lakes

     

    Manchester Lakes Home Value Tool

     

     

    5 Tips To Sell A Home With Pets

    5 Tips To Sell A Home With Pets

    Many homeowners have pets and they’re a part of the family. When it’s time to put your home on the market you need to consider that not everyone loves pets. Having your home deep cleaned to remove any pet odors is something you’ll need to do prior to listing your home for sale. You want buyers to see themselves living in your home and that doesn’t include with your pet.

    What should you do when you have pets and it’s time to prepare to sell your home?
     


    Make Repairs –

    Pet damage isn’t a selling point for your home. Dogs and cats at some point in their lives, no matter how well behaved they are, are going to damage something in your home. Whether it be carpet, hardwood floors, walls, or grass in the yard it’s bound to happen. Repairs need to be completed prior to your home going on the market. Some repairs can be expensive but, correcting them will pay off in the form of an increased bottom line.
     


    Remove Pet Odors –

    Even the biggest animal lover doesn’t want a home that smells like pets. Your furry friend’s favorite place to lay takes on their scent over time. Accidents also happen and you never want your home to be remembered as the house that smelled bad. One of the top reasons a home buyer will pass on a home is a strong odor. Having your carpets and floors professionally cleaned will in most cases remove the odors. There are some homes that will need to replace the carpet if the odor cannot be removed.
     


    Cleanup The Yard –

    Pick up any messes that are in your yard. That’s not a surprise any buyer wants if they’re walking in your yard. Look at your yard and see if there are any spots that need new sod laid or damage repaired. Outdoor space is a big selling point for many buyers and because of that, you need to pay equal attention to the yard as you do to the interior of your home.
     


    Erase Signs You Have A Pet –

    Your pet’s bowls, beds, toys, food, etc. will all need to be put away. Pet accessories are not staging items and look cluttered when left out for photos and showings. Aside from an aesthetics standpoint some buyers do not like pets and in turn, you want to avoid leaving signs out that you have pets in your home. if a buyer asks you’ll need to answer honestly but, you can often avoid the question ever being asked if your pet's belongings are put away.
     


    Remove Your Pet For Showings –

    If there’s one tip you take away from this post, it needs to be this one. There are far too many risks that come with a pet being left in a home for showings. Buyers and their agents are strangers to your pet and that creates a liability for you. When pets are scared or unsure of what’s happening they act differently. Pets can also get out during a showing and no agent wants to be looking for your pet if they escape. Leaving your pet home during a showing is asking for trouble. If you can’t get home from work to remove them have a neighbor keep them or consider hiring someone to come and remove them from your home before a showing starts. It’s a liability to have a pet in the home during showings and simply not worth the many risks that come with it.

    If you have questions about selling a home with pets reach out to us! 703-988-3151 or amanda@amandadavidson.com