Monday, December 14, 2009


UPDATE DECEMEBER 14: There are 25 properties for rent and 49 for sale within the radius of 0.3 m to the Ballston metro.
If you are looking to rent, there are efficiencies, 1 bedroom condos and 2 bedroom condos within a short walking distance to the metro. For your info, efficiencies are $1,550/mo - 1,700/mo; 1 bedroom condos are between $1,700/mo-$2,100/mo depending on the amenities and age of the building; and 2 bedroom units are between $1,900/mo-$4,000/mo. The latter is 1,550 sq.ft and is fully finished.
As far as the sales are concerned, there are no foreclosure at the moment. You can find short sales: you can find four 2 bedroom units from $385,000 to $450k. I would recommend only making an offer on a short sale, if you are ready to have your deposit money put in an esrow account for a lengthy period of time. If you find a short sale, you need to at least have a knowledgeable realtor who has experience with short sales.
The rest of the properties are regular sales at a walking distance to the Ballston metro: condo units: 1 bedroom from $330k to $420k; 2 bedroom units from $390k to $895k and a townhouse from $595k for an older one to $800 for new ones; and detached houses: $625k for a cape code and $1,300k for 5 bedrooms 4 1/2 baths for a house built in 2006.
Need help? I can help you pick a good property for investment or residence.

Monday, November 9, 2009

Do lenders make more money on foreclosures?

Some people (incl. realtors) think that lenders make more money on foreclosures than from short sales or loan modifications. When loan modifications are denied, homeowners are trying to do a short sale. Having kept the property on the market for months, lenders turn over the short sale accounts to loan servicing companies. Some believe that these loan servicing companies make MORE money by letting the properties foreclose than to approve the short sales OR the loan modification.
The servicer is the only one the comes out ahead by taking a file all the way to foreclosure! The longer he gets to manage it, the longer he is paid.
The easy money policy by the Fed under Greenspan and by the lenders is the reason we're sitting here with all the inventory that's in default.
It would be best to have a law that would make lenders communicate with consumers and work together in solving their mortgage problems - it would be only fair because in any case lenders have been making money on the current homeowner in distress from the very start.
If you are thinking of putting your property on the market, seek help of a professional.

Thursday, October 29, 2009

Extending and Expanding Tax Credit

Extending and Expanding Tax Credit - this was on the agenda yesterday. The Senate approved extension of the credit and agreed on a new credit of $6,500 for existing homebuyers. The latter will be offered to those who have lived in their residence for 5 consequtive years in the last 8 years. And the income level has been rised to 125k for a single owner and 250k for joint taxpayers. You should have ratified contracts before April 30 and close on the property before June 30, 2010.
Of course, this proposal is yet to be voted on in the full Senate and the House.
It would definitely give some boost to the real estate market. And most importantly these measures are not aimed at enriching the investors. They have brought new families into the market. I do not think it will revive the new home market. But it will definitely benefit those who can get a loan and just lack some money to close on it.

Monday, October 19, 2009

Home by the Clarendon Metro - October 19

For those people looking to rent a home by the Clarendon Metro there are 15 properties you can choose from. Most of them are condo units in high-rises. You can rent a 1 bedroom for $1,800/mo and a 2 bedroom with 1 or 2 full baths from $2,000 to $3,800 and 3 bedroom condo for $2,870/mo. There are also two townhouses for rent: 2 bedroom for $,1825/mo and 4 bedrooms and 3 1/2 baths $4,900/mo.

For potential purchasers, within a radius of 0.3 miles from the Clarendon metro, you can purchase 20 condo units: 1 and 2 bedroom units from $355,000 to $800,000. There are also 4 detached houses at walking distance to the metro: price range is between $850,000 and $1,200,000. These are either bank foreclosures or ordinary sales.

As of today there are no short sales within 0.3 miles from the metro.

Wednesday, October 7, 2009

How to Avoid Foreclosure?

Many homeowners in distress are not given a chance to avoid foreclosure. Most of the time banks immediately consider foreclosing on you as soon as they see you are late in your monthly payments. A new Housing Bill is intended to prohibit lenders from foreclosing without first discussing reasonable modification options with the borrowers. Preserving Homes and Communities Act is the name of this bill. Lenders will have to go to a negotiating table with the homeowners to discuss this opportunity - otherwise there will be legal actions and fines. It will be mandatory for lenders to offer some sort of a plan to help the homeowners keep their properties by lowering their monthly payments and extending the loan term, etc.

Hopefully, it will be passed despite the fierce opposition on the part of financial institutions.

So, if you or anyone you know is in distress, put together all the paperwork showing your hardships and start calling your bank with a request to modify your loan. Do not give up - it may take months before your bank starts listening to you.

Wednesday, September 23, 2009

Update - September 23 - East Falls Church

As of today, in the radius of 0.4m from the East Falls Church metro, there are a few properties for sale. A 2-bedroom condo for 387k; one townhouse for 890k in Madison Mews, and several detached houses: from $565k for a single-family house built in 1973 to $1,100,000 for a contemporary detached house built in 1993 and the same price for a new house. You should remember that if you are first-time buyers you can take advantage of the tax credit only if you settle before December 1. It has not been extended further yet...

There is a detached house for short sale for only $700k. It has 4 bedrooms and 4 full baths. It is just 3 blocks away from the metro. Hurry!

For people who are still looking to rent, there is a two-bedroom condo for $1,850/mo, a 3-level townhouse for $2,850/m0 and several detached houses from $2,350/mo to $4,200/mo. All the properties are walking distance to the metro.

Wednesday, September 16, 2009

Recession is Over?

The deep recession that's gripped the U.S. economy by the throat since December 2007 is "very likely over at this point," Federal Reserve Chairman Ben Bernanke recently said. However, there is no way the economic recovery will show any significant pace in the coming months.

Speaking about the housing market, the Administration's tax incentive for first-time buyers is helping to boost sales, especially those of properties under $300k. Besides, many people have already calculated that in that price range it makes more sense to buy than to rent. As a result, we see multiple offers on properties in the first couple of days. Looks like people are in a rush to buy. Anything sells at this time - as long as it appraises...

So if you are prepared to lose $400-600 on an appraisal if the appraised value is less than the contract price and consequently you option to walk out of the contract, then go for it. Keep writing offers until you get a ratified contract. Hopefully, you will get it to settlement table. My advice is get preapproved before you start looking. It will save everybody time and ...mileage. Speaking about mileage, no doubt homes by a metro station sell much faster. Keep track of new listings every day. Need help? Call or email. You still have time to use the $8k tax refund.

Good luck!

Thursday, September 3, 2009

West Falls Church Metro

In the radius of 0.5 m around the metro, there are 4 detached houses on sale: from $670 k for a 1948 cape cod and upto $1,250,000 for a newer detached house with 5 bedrooms. There is also a new single family house in Ellison Heights for almost 900k. The latter one has 4 bedrooms and 41/2 baths.
It is a good idea to purchase a property now, when you can still take advantage of a $8,000 tax credit.

For those who are are not ready to buy, there are quite a few properties for rent. You can rent a 1 bedroom condo unit for $1,125/mo, a single-family house from $2,275/mo to $4,500/mo and a townhouse in Falls Place for $2,400/mo.

All the above properties are walking distance to the metro. None of them are short sale or foreclosures.

Monday, August 10, 2009

Dunn Loring - 0.3 m radius

There are only 5 properties offered for sale at walking distance to Dunn Loring Station. There is one detached house for approx.590k - built in 1962, 4 bedrooms 3 1/2 baths, 2 car garage. And ... what is surprisign is that it is not a short sale or a bank foreclosure.
There is also a 4-level townhouse at Metro at Dunn Loring - asking price is 529k. It has 3 bedrooms and 3 1/2 baths. The HOA fee is $225/quarter.
The other three properties are condo units from 290k to 340 k for 2 bedrooms.

For people looking to rent in a wonderful location - steps to the metro - there are 9 units: from $1,350/mo for a 1 bedroom unit to $2,450 f0r a 3 bedroom 3 full baths unit. For many tenants it makes sense to rent just for a short period. If you need help, call and leave a message at 703-937-0328 or email me.

Friday, July 31, 2009


As you may have heard, our government has put together a tax credit program which will give a first-time homebuyer credit of up to $8,000 (10% of a home price). There are only four months left for you to take advantage of this wonderful program; in other words you need to go to settlement by November 30 in order to receive the tax break.
There are two important things you should remember:
1. You have to be a first time buyer (or you will also qualify if you have not owned a home in the last 3 years).
2. Your income should be up to $75,000 if you are single and $150,000 if you are a married couple (adjusted gross annual income). The credit amount phases out between $75K and $95K for individuals; $150K and $170K for joint filers.
There are still quite a few properties that are worth buying today- many of them are near the metro, too! However, you should remember that it takes longer to get to closing. Banks require the minimum of 30 days + after the ratification of a contract to close on the deal. Hurry! If you need help and guidance - call or email me! Good luck!

Thursday, July 16, 2009

Rosslyn - less than 0.4m radius from Metro

Today, there are at least 22 properties that are offered for rent. From $1,000 for an efficiency in Gerogetown Village to $4,500 for a brand new fully furnished 2 bedroom 2 baths unit in the Waterwivew. You can walk to Georgetown...

Those who are looking to buy a property near Rosslyn metro, can find many condo units and townhouses for sale. One of them ($800k) is a 2-level loft with a terrace in WOOSTER AND MERCER LOFTS. Regular sales in the area are from 260k for a 1 bedroom condo in COlonial Village to $3,7mln for a 3 bedroom condo in one of the most beautiful building in Rosslyn - Turnberry Tower. A 5 bedroom unit in the same building is over $7mln.

There are a few foreclosures which are just a short walk to the metro. If you are interested, please call or email me.

Friday, July 3, 2009

Tysons Corner - Dunn Loring

Many people would like to live not far from Tysons Corner and yet be close to the metro. For those who are interested in renting at this point, there are 13 rental units at Dunn Loring metro. Price is from #1,375/mo for a 1 bedroom unit to $2,500/mo for a 3 bedroom unit in Westbriar. Just across the street from the metro. Very convenient.

For purchasers, there are 10 properties for sale. From $250k for 1 berdoom in Wilton House to $400k for 2 bedrooms in Westbriar. There is also a townhouse for sale - $550k - 3 bedrooms, 3 1/2 baths in Metro Place at Dunn Loring.

$1,150,000 to $1,250,000 is the price range for detached houses. (These are preconstruction prices).
If you need help during the holiday week-end, I am here for you - just a phone call away - 703-281-2873.
HAPPY 4th of JULY!

Wednesday, June 17, 2009

Foggy Bottom

In the radius of 0.3m from the Foggy Bottom Metro station, there are 22 rental units on the market. THe cheapest is $1,600/mo for a 1 bedroom unit, and the most expensive is $10,000/mo . It is a luxurious 3 level Penthouse at the Ritz Residences. They have just dropped!!! the price from $12,000/mo...
As for sales, as usual this is one of the most desirable places, if people are looking for urban living. There are more than 50 properties available as of today. The cheapest is $209,000 for a 1 bedroom on the ground floor. The most expensive one is over $4mln - it is a unit in penthouse: 3 bedroom and a den about 4,400 sq.ft.
There are 10 short sales at walking distance to the metro. $274,900 for a 1 bedroom unit (583 sq.ft) is the leasr expensive, and over 2mln for a 3 bedroom 3 full bath unit in West End (2,776 sq.ft.)
It is still a very good investment, simply because location is unbeatable. Invest today - the interest rates are still attractive.

Wednesday, June 10, 2009


Mortgage bond prices had another terrible week pushing mortgage interest rates considerably higher. (The interest rates rose by about 1 and 1/2 of a discount point!!!). Oil prices continued to escalate hitting over $70/barrel. The Fed attempts to keep rates in check were not very effective as selling pressure continued. Bernanke tried to calm the markets by reiterating forecasts of tame inflation but his words fell on deaf ears among bond traders. Unemployment was 9.4%, higher than the expected 9.2%.
The low mortgage interest rates that everyone considered a given have quickly gone away.
How does this affect the real estate market? Purchasers have started withdrawing from the market... Most likely, we will see more short sales and foreclosures in the months to come....
As expected, properties at walking distance to metro stations remain very attractive for purchasers.

Wednesday, June 3, 2009

West Falls Church metro

Today, we can find several properties for rent near this metro station. The cheapest is $1,500/mo - a 1 bedroom condo in the Pavillion and the most expensive is $2,100/mo for a 3 bedroom 2 full bath detached house in Ellison Heights.

Sales: Out of 13 properties in the radius of 03.m around metro, 11 are detached houses and 2 - 2 bedroom condos. The most expensive detached house is a new house listed for $1,374k. The cheapest is listed for $389.5 - but the value is only in land which is less than 0.2 acres.
Condo units -$400k and $475k respectively. Both are 2 level 2 bedroom units. About 1,200 sq.ft each. Both are normal sales - not foreclosure or short sale. Hurry! Interest rates are creeping up...

Need to get more info - email or call me.

Wednesday, May 27, 2009

East Falls Church

Today, you can find 8 properties for rent as close as 0.2 miles to the metro. Their price range is between $1,650/mo for a 2 bedoom condo to $5,200/mo for a 4 bedroom 3 full bath detached house.
As for sales, there are 8: the cheapest is $390k for a 1 bedroom condo in Westlee and the most expensive is $1,180,000 in Madison Manor - a detached house with 5 bedrooms 4 1/2 baths. There are only 2 townhouses at walking distance to metro that are offered for sale today: $750 and $860 respectively. The owner can do financing on the second house. It is pretty rare these days. You will probably need to get an attorney or a very experienced realtor to walk you through the whole process. Hurry! Need help? Call or email me. Good luck!

Monday, May 18, 2009

Steps to Huntington metro

In the radius of 0.3 miles from Huntington metro station in Alexandria there are 19 properties for sale. The cheapest is 85k (1 bedroom condo - short sale) and the most expensive one - a townhouse listed at 530k. Some of them are foreclosures in good condition. And all of them are walking distance to the metro.
If you are thinking about renting, this link might help you.
Midtown at Alexandria has a few available units. Sometimes you can even come across a furnished unit for rent there. Convenient location, ample parking, all kinds of amenities. Need to view any? Just email me.

Thursday, May 7, 2009

Economy is Recovering

Housing market has been showing some interesting signs lately - multiple offers in the first couple of days; offered price increasingly higher than the listing price; fewer contracts falling apart before settlement, etc... It is no surprise that Forbes publishes an article suggesting that US recession is over.
It is definitely the right time to buy: still a large inventory of houses on the market, reasonable prices and a low interest rate. And my strong belief is that the best investment is into real estate located at a walking distance to a metro station. Need to look at houses? Call me. But.... please get a preapproval letter first.:)

Tuesday, April 28, 2009

Courthouse Metro

There are 42 properties for sale around the metro, and only 5 are townhouses - the rest are condo units. The cheapest townhouse is 750k and the most expensive is 970k.
Two townhouses are in BROMPTONS AT ROSSLYN and the monthly HOA fee is over $200...
5 are under contract,=; 7 sold since April 1. Interesting to notice that one townhouse was sold within 0 days and listed at 1,100,000 and sold at 1,043,500... None of them were either foreclosures or short sale.
Location, location, location.... That's what sells even in slow markets.

Sunday, April 19, 2009

King St. Metro - Alexandria

In the radius of 0.5 m from the metro there are more than 60 properties for sale now. The cheapest is an efficiency for almost 300k and the most expensive one is a townhouse - for $1,275,000. Only three of these are short sale! Looks like properties in this area have not gone down in value...6 of the listed properties are new construction. Proximity to metro is the key. People do not want to spend much time looking for a parking place. Hurry! Interest rates are so low.
Those looking to rent can easily find a property - from $1,400/mo for an efficiency to $3,800/mo for a detached house. Need help - I am only a phone call away.

Thursday, April 9, 2009

Low Interest Rates - do not procrastinate!

As you well know, interest rates are very low. And there are quite a few properties on the market - your choice is not really limited. And it is still buyer's market. My advice to you is - do not waste time. Go talk to a loan officer and get preapproved. (If you need help finding one, let me know). Do not waste any more time. This is the right time to buy! There are so many bargain deals: foreclosures, short sales, etc.
As of today, the treasury has bought about $250 billion in mortgage backed securities under their program that is causing these low interest rates. They just started this about three weeks ago. There was a total of $750 billion allocated for this program, meaning that 1/3rd is already used up just a few weeks into it. Once it is gone rates will rise up again. This means that people have another 6 weeks at this pace before the short is over and rates could rise after that.
Good luck!

Monday, March 30, 2009

Franconia Springfield Metro

There are 14 properties for sale within the radius of a half a mile from the metro. Price ranges from 240k to 878,500. Most of these are short sales or bank foreclosures. The most expensive one today is a detached house to be built - listing price $878,500. 6 bedrooms! 4 1/2 baths. Any interest? Let me know.

Wednesday, March 25, 2009

Metro Tweets!

Metro has expanded its use of social networking tools with a new Twitter page where riders can sign up to get information about Metrorail service disruptions.

Sunday, March 22, 2009

Sales at Ballston

If you are interested in purchasing a property at Ballston metro, you may find just about anything: an efficiency from $277k to a single family house for $1,350,000. Of course, before you start looking, you should first speak to a loan officer and make sure that you are qualified for a loan. Some of the properties are short sale or foreclosure. You need to act quickly in order to be able to get a good deal.

0.3 miles of Ballston - Rentals

You can find 26 properties for rent. Depending on how many bedrooms there are in the property, the rent is from $1,450/mo to $4,200/mo. The one for $4,200 is a townhouse with 4 bedroom and 3 1/2 baths. Most of them are available immediately. Let me know if you are interested to rent. None of these offer short-term rentals. In fact, at any given time, there may be a couple of short - term rentals on the market in the raidus of 5 miles or so.

Thursday, March 12, 2009

Dunn Loring - Properties for Sale

Today there are only 3 properties for sale within 0.5 m of Dunn Loring Metro station. One is a condo unit (2 bedroom 2 full baths) for $395k, another is - a townhouse for $575k ( it is a short sale!!!) and and the third property is a detached house (4 bedrooms 2 full baths) built in 1947. The asking price for the detached house is $625k, and... it is a normal sale. Want to see any of these? Call 703-937-0328.

Wednesday, March 4, 2009

Rockville & Bethesda

Decided to look into Maryland real estate? Here is what you can find at White Flint metro station (within 1 mile). Some of them are bank foreclosures, some are short sale. You need to be patient when dealing with the second category - chances are you will never get the property you have a ratified contract on....
Need help? I am just a phone call away.

Wednesday, February 25, 2009

Need to find properties at the metro?

If you want to look up properties near the metro, just let me know which one you are mostly interested in. And I will give you the response in the shortest possible time. Call me. Or email me.

Eisenhower Ave Metro

These are the properties you can find at a distance no more than 0.3m to Eisenhower Ave Metro station. They are all in Carlyle Towers - a very nice condominium building with all the wonderful amenities:POOL,TENNIS,GYM,SPA and more.

King St. Metro - Sales

Today, you can find these properties for sale at a radius of 0.4m near the metro. These are all fee simple.
If you are also considering condo units at the same distance to the metro, you can find these:
The price ranges between 340k to 825k. Some of them are short sales, some - foreclosure.
If you need any help to view these or any other properties, call me at my cell phone.

Monday, February 23, 2009

New listings at Ballston Metro

In the last several days, these units appeared on the market near Ballston metro station.
Also for less than $740,000 there is a 4-level townhouse. It has 3 bedrooms, 3 full baths, 2 half baths in immaculate condition. Want to take a look? Call me

Thursday, February 12, 2009

Within 1 mile of AU - Rentals

Many people have been asking me about rentals near American University. For those interested, this is a link
Just remember that most landlords do not allow more than two incomes to qualify. So, if you want to rent a property for $35,000/mo (like the last one in the list), your income should be sufficient.:)

Steps to Friendship Heights

6 properties are available for rent near Friendship Heights Metro station (radius - less than 0.4 miles). The most expensive one is $10,500/mo - a penthouse - 3 bedrooms 3 1/2 baths.

18 other listings are for sale. Price ranges between $639,000 and $2,675,000. 8 of them are condo units, 2 townhouses, and the rest - single family homes.

Want more info? Let me know.

Tenley Town - Rentals and Sales

Today there are 4 properties for rent near Tenley Town Metro station (0.5 radius). The price ranges from $1,590 for 1 bedroom unit to $4,500 for a 2-level 3 bedroom 3 1/2 baths detached house.
In the same area there are 10 active listings for sale: from $426,500 (for a 1-bedroom unit) to $1,495,000 for a 5 bedroom 4 1/2 baths semi-detached house... One of them is a foreclosure...

Wednesday, February 11, 2009

Ballston - Properties for Sale

There are almost 50 properties for sale in the radius of less than 0.3m from the metro. From $288k to $1mln for condo units. Also, two townhouses ($630k and 1,090k) and 2 detached houses ($1,250 and $1,350k accordingly). The latter ones are pretty new (2006 and 2007).
Want more info? I am just a call away. But please talk to a loan officer first... And the best in his field, too. If you need to get a name and number of one, let me know.

Ballston Rentals

Ballston is a nice town to live and work in. If you are thinking of renting near Ballston metro, at a radius of 0.3m around metro there are at least 15 properties that are available (from $1,400/mo to $4,200/mo). $1,400/mo is just an efficiency, fully furnished, with a washer/dryer in unit and ....just 1 block away from the metro.
And as for $4,200 - it is an end unit 4-level townhouse - total square footage is 3,000 sq.ft. Also just a block away from the metro. It is not furnished.... But, it has a 2-car garage.
Make your choice. :)

Want to live by Vienna metro?

Vienna metro is the last station on Orange Line. There are three towns that are very near: Vienna, Fairfax and Oakton. If you want to be in less than 0.4 miles to the metro, here is your link to available houses and condo units:

Wednesday, February 4, 2009

If Rosslyn is your Choice...

You would like to feel like you live in a big city. And at a walking distance to Georgetown University. Here is what you can rent today:
And these are available for sale:
As you can see, properties are not very cheap... But you can still find something for less than $300k. And, it is still a buyer's market. Do not procrastinate... Take advantage of the market. Need help? I am just a call away. :)

Rentals in Foggy Bottom

You have a new job. Now you need some residence, but you are not quite sure as to where or what kind of a place you would like to purchase....Renting is an option. If Foggy Bottom is your choice, then click on the following link and look at the units that are offered for rent within 0.3m to Foggy Bottom metro station.
Need help to check them out? I may be available... Try emailing or calling me.

Thursday, January 29, 2009

Dunn Loring VIllage

Dunn Loring Village us a big well-established subdivision which is at walking distance to the metro. There are more than 200 tonwhouses in the community. There are two houses on sale: $420k and $450k. Built in 1981. Both have 3 bedrooms. One has 2 full baths and 2 half baths; and the other has 3 full baths and 1 half.
3 townhouses are under contract. One was sold early this month. It was a bank foreclosure and the sale price was under $300k...
If you want to get info about the sales in the subdivision, let me know.

Dunn Loring Metro condos

Across the street from the Dunn Loring metro station, there are a couple of condo complexes. Wilton House, Halstead at the Metro, Westbriar and Westbriar Plaza. Today, there are 14 units on sale : from $150k to $400k. Of course, the $150k is an efficiency, and a short sale, too. :)
There are 8 units under contract. And 7 units were sold in the last 2 months.
If you need to get more info or look at ny units, just let me know.

Condos Across the Road

Right across the road from the Vienna metro, there are two young subdivisions (one next to the other): Arcadia and Marquis at Vienna Metro. They are only 5 - 6 years old. It is a fabulous community with lots of amenities: recreation and sports center, in-door basketball court, club room, business center, simulated golf range, pool, billiard room, cyber cafe, pool, etc, etc. Very convenient.
As of today, there are two 1 bedroom units and seven 2 bedroom units on sale (one of them is a short sale). Price ranges from $237,000 to $509,000.
Two units are under contract. And two were just sold.
There are 3 units for rent : two 1 bedroom units and one 2-bedroom unit.
If you need to know the details, get in touch with me, and I will be happy to help.

Steps to West and East Falls Church Metro Stations

Falls Church has two metro stations: West Falls Church and East Falls Church.
East Falls Church- radius of 0.4m from the metro: there are 12 properties for rent (price ranges from $1,800 t0 $3,800/mo) and 14 properties for sale (5 of which are condo units). Of the available townhouses and detached houses the cheapest if $500k and the most expensive is $1,240k. You shoudl know that the cheapest property (a detached house) is being used by the owner for storage.... Its living are is only 1,393 sq.ft...
West Falls Church - 05. radius from the metro - there are 22 properties on the market. 4 are for rent : $1,850 - $5,200/m0; and 18 for sale ($300k for a 2 bedroom 1 bath condo to $1,300k for a detached house built in 2007 .