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Friday, June 25, 2010

Gates of Fair Lakes Condos Weekly Report 6/11/10 - 6/25/10

MyGatesofFairLakesCondo.com

Relevant Real Estate Information for Gates of Fair Lakes . A gated condo community.

INTRODUCTION

If you are thinking about buying or selling here in Gates of Fair Lakes
Contact me

As of today (June 25, 2010; 3 PM) There are  8 active listings in MLS and 5 condos that are currently under contract. 2 condos have sold in the last 30 days.

NEW LISTINGS

According to MLS, there is 1 new listing this week.

ACTIVE LISTINGS
 
Here’s the breakdown of all active listings in MLS:

4511 Superior Sq Sq - 1bd/1ba .
12801 Fair Briar Ln - 2bd/2ba .
12843 Fair Briar - 3bd/2ba .
4560 Superior Sq - 2bd/2ba .
4650 Superior Sq - 2bd/2ba .
4526 Superior Sq - 2bd/2ba .
12745 Fair Briar Ln - 2bd/2ba .
0 Fair Briar Ln - 2bd/2ba .

UNDER CONTRACT

According to MLS, there are 5 condos under contract.

12787 Fair Briar Ln - 3bd/2ba (69 DOMP) .
4521 Superior Sq - 2bd/2ba (56 DOMP) .
4662 Superior Sq  - 3bd/3ba (63 DOMP) .
4525 Superior Sq - 1bd/1ba (61 DOMP) .
12827 Fair Briar Ln - 3bd/3ba (3 DOMP) .

I will have the final numbers for this once it closes, if it closes.

SOLD

According to MLS, 2 condo sold in the last 30 days.

12853 Fair Briar Ln - 2bd/2ba. (139 DOMP) Regular SaleAsking Price - $279,900 - Sales Price - $270,000- Seller Subsidy - $

12873 Fair Briar Ln - 3bd/ 3ba. (208 DOMP) Regular Sale .
Asking Price - $320,000- Sales Price - $320,000- Seller Subsidy - $00

Sold More than 30 Days ago

12906 Fair Briar Ln - 2bd/2ba (17 DOMP) Regular Sale

Asking Price - $295,000- Sales Price - $287,000- Seller Subsidy - $00

12817 Fair Briar Ln - 1bd/1ba (78 DOMP) Regular Sale
Asking Price - $186,500 - Sales Price - $186,500 - Seller Subsidy - $5,595

4524 Superior Sq - 1bd/1ba (5 DOMP) Regular Sale
Asking Price - $229,900 - Sales Price - $220,000 - Seller Subsidy - $3,000

4524 Superior Sq - 1bd/1ba (5 DOMP) Regular Sale
Asking Price - $229,900 - Sales Price - $220,000 - Seller Subsidy - $3,000

12775 Fair Briar Ln - 2bd/2ba (35 DOMP) Regular Sale
Asking Price - $298,000 - Sales Price - $285,000 - Seller Subsidy - $7,350

4558 Superior Sq - 2bd/2ba (35 DOMP) Regular Sale
Asking Price - $279,900 - Sales Price - $270,000 - Seller Subsidy - $7,800

12783 Fair Briar Ln  - 2bd/2ba (42 DOMP) Regular Sale
Asking Price - $289,900 - Sales Price - $282,000 - Seller Subsidy - $500

4634 Superior Sq  - 3bd/2ba (0 DOMP) Regular Sale
Asking Price - $269,000 - Sales Price - $260,000 - Seller Subsidy - $10,000

12844 Fair Briar Ln - 1bd/1ba (0 DOMP) Short Sale
Asking Price - $135,778 - Sales Price - $138,000 - Seller Subsidy - $0

12799 Fair Briar Lane Ln - 3bd/2ba (38 DOMP) - Bank Owned
Asking Price - $284,900 - Sales Price - $265,000 - Seller Subsidy - $5,125

4518 Superior Sq #4518 - 2bd/2ba (6 DOMP) - Regular Sale
Asking Price - $274,995 - Sales Price - $285,000 - Seller Subsidy - $4,275
 
12811 Fair Briar Ln - 2bd/2ba (5 DOMP) - Regular Sale
Asking Price - $267,000 - Sales Price - $265,000 - Seller Subsidy - $4,000

4644 Superior Sq - 2bd/2ba (46 DOMP) - Regular Sale
Asking Price - $295,000 - Sales Price - $285,000 - Seller Subsidy - $5,000

12761 Fair Briar Ln - 3bd/2ba Short Sale
Asking Price - $295,000 - Sales Price - $275,000 - Seller Subsidy - $0

4534 Superior Sq  Bank Owned
Asking Price - $225,000 - Sales Price - $132,700 - Seller Subsidy - $0

4520 Superior Sq  Regular Sale
Asking Price - $264,721 - Sales Price - $265,000 - Seller Subsidy - $10600


12898 Fair Briar Ln  2bed/2ba (226 DOMP)  Regular Sale
Asking Price - $324,900 - Sales Price- $284,000 - Seller Subsidy - $10,000

22033
These stats are for all real estate in the 22033 zip code for the Month of August




Fairfax Condos Sold for 2007 vs. 2008 vs. 2009



Fairfax Townhomes Sold for 2007 vs 2008 vs 2009






RENTALS

There is currently 3 condo for rent

3 condo has been rented out in the past month.

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified. We are also a fully licensed property management group also. Just ask us more about how this benefits you.


OBSERVATIONS

Keep checking back for the status of your community. If you have any questions or would like to know the value of your home right now, email us!





Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

Friday, June 18, 2010

Short Sale Approval Letters and What is a Short Sale?

SHORT SALE APPROVED !

We just got ANOTHER Short sale approved and its closing next week!! Chase was the bank and it only took 3 months.  This was an investment property for the seller, that he had to let go because it was loosing to much money. He was forgiven the debt and a copy of the letter is below.

We have helped many clients succesfully obtain short sale approval letters from their bank and not have to pay back the difference in what they owe.  See the letters below.

Short Sale - Selling your home for less than what you owe.  Be very careful when choosing a real estate agent to help you in your short sale. The whole purpose of the short sale is to get the bank to forgive your debt.  (the amount you would owe after selling your property for less than what you owe)   We have a law firm that negotiates our short sales and their whole goal is to make sure yo do not repay that debt. Check out some of the short sale letters below, where the law firm has negotiated on behalf of the sellers and they did not have to repay their debt.

If you or someone you know can't afford their payments or they do not want to live in there home anymore because its worth so much less than what they paid for.  Contact us today.  We can help guide you through this. Free consultation to see if you qualify and what a short sale is all about.


Short Sale Closing the end of June (Chase)





Short Sale Closing the end of June (Citi)





Short Sale Condo closed at the end of May (Bank of America)

page2



Short Sale Townhome closed at the end of March (EMC Mortgage)



Short Sale Single Family Home closed the end of April (PHH Mortgage)


Short Sale Condo closed the begining of March (Metlife Home Loans)





Thanks for reading our Gates of Fair Lakes Real Estate Blog!

Posted by: Nate Johnson - Gates of Fair Lakes Real Estate Agent 
The Johnson Team is apart of Keller Williams Realty,
specializing in Northern Virginia Real Estate.
703-725-2929






Sunday, June 13, 2010

This Month in Real Estate - June 2010

This Month in Real Estate - June 2010
4 minute video

Real Estate by the numbers- Decline in Foreclosures because of the number of Short Sales taking place in the market.


Friday, June 11, 2010

Gates of Fair Lakes Condos Weekly Report 6/4/10 - 6/11/10

MyGatesofFairLakesCondo.com

Relevant Real Estate Information for Gates of Fair Lakes . A gated condo community.

INTRODUCTION

If you are thinking about buying or selling here in Gates of Fair Lakes
Contact me

As of today (June 11, 2010; 9 PM) There are  7 active listings in MLS and 4 condos that are currently under contract. 2 condos have sold in the last 30 days.

NEW LISTINGS

According to MLS, there is 1 new listing this week.

ACTIVE LISTINGS
 
Here’s the breakdown of all active listings in MLS:

4525 Superior Sq - 1bd/1ba
12801 Fair Briar Ln - 2bd/2ba
12843 Fair Briar - 3bd/2ba
4560 Superior Sq - 2bd/2ba
4650 Superior Sq - 2bd/2ba
4526 Superior Sq - 2bd/2ba
12745 Fair Briar Ln - 2bd/2ba

UNDER CONTRACT

According to MLS, there are 4 condos under contract.

12787 Fair Briar Ln - 3bd/2ba (69 DOMP)
4521 Superior Sq - 2bd/2ba (56 DOMP)
4662 Superior Sq  - 3bd/3ba (63 DOMP)
12853 Fair Briar Ln - 2bd/2ba. (139 DOMP)

I will have the final numbers for this once it closes, if it closes.

SOLD

According to MLS, 2 condo sold in the last 30 days.

12906 Fair Briar Ln - 2bd/2ba (17 DOMP) Regular Sale
Asking Price - $295,000- Sales Price - $287,000- Seller Subsidy - $00

12873 Fair Briar Ln - 3bd/ 3ba. (208 DOMP) Regular Sale
Asking Price - $320,000- Sales Price - $320,000- Seller Subsidy - $00

Sold More than 30 Days ago

12817 Fair Briar Ln - 1bd/1ba (78 DOMP) Regular Sale

Asking Price - $186,500 - Sales Price - $186,500 - Seller Subsidy - $5,595

4524 Superior Sq - 1bd/1ba (5 DOMP) Regular Sale
Asking Price - $229,900 - Sales Price - $220,000 - Seller Subsidy - $3,000

4524 Superior Sq - 1bd/1ba (5 DOMP) Regular Sale
Asking Price - $229,900 - Sales Price - $220,000 - Seller Subsidy - $3,000

12775 Fair Briar Ln - 2bd/2ba (35 DOMP) Regular Sale
Asking Price - $298,000 - Sales Price - $285,000 - Seller Subsidy - $7,350

4558 Superior Sq - 2bd/2ba (35 DOMP) Regular Sale
Asking Price - $279,900 - Sales Price - $270,000 - Seller Subsidy - $7,800

12783 Fair Briar Ln  - 2bd/2ba (42 DOMP) Regular Sale
Asking Price - $289,900 - Sales Price - $282,000 - Seller Subsidy - $500

4634 Superior Sq  - 3bd/2ba (0 DOMP) Regular Sale
Asking Price - $269,000 - Sales Price - $260,000 - Seller Subsidy - $10,000

12844 Fair Briar Ln - 1bd/1ba (0 DOMP) Short Sale
Asking Price - $135,778 - Sales Price - $138,000 - Seller Subsidy - $0

12799 Fair Briar Lane Ln - 3bd/2ba (38 DOMP) - Bank Owned
Asking Price - $284,900 - Sales Price - $265,000 - Seller Subsidy - $5,125

4518 Superior Sq #4518 - 2bd/2ba (6 DOMP) - Regular Sale
Asking Price - $274,995 - Sales Price - $285,000 - Seller Subsidy - $4,275
 
12811 Fair Briar Ln - 2bd/2ba (5 DOMP) - Regular Sale
Asking Price - $267,000 - Sales Price - $265,000 - Seller Subsidy - $4,000

4644 Superior Sq - 2bd/2ba (46 DOMP) - Regular Sale
Asking Price - $295,000 - Sales Price - $285,000 - Seller Subsidy - $5,000

12761 Fair Briar Ln - 3bd/2ba Short Sale
Asking Price - $295,000 - Sales Price - $275,000 - Seller Subsidy - $0

4534 Superior Sq  Bank Owned
Asking Price - $225,000 - Sales Price - $132,700 - Seller Subsidy - $0

4520 Superior Sq  Regular Sale
Asking Price - $264,721 - Sales Price - $265,000 - Seller Subsidy - $10600


12898 Fair Briar Ln  2bed/2ba (226 DOMP)  Regular Sale
Asking Price - $324,900 - Sales Price- $284,000 - Seller Subsidy - $10,000

22033
These stats are for all real estate in the 22033 zip code for the Month of August




Fairfax Condos Sold for 2007 vs. 2008 vs. 2009



Fairfax Townhomes Sold for 2007 vs 2008 vs 2009






RENTALS

There is currently 2 condo for rent

1 condo has been rented out in the past month.

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified. We are also a fully licensed property management group also. Just ask us more about how this benefits you.


OBSERVATIONS

Keep checking back for the status of your community. If you have any questions or would like to know the value of your home right now, email us!





Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

Friday, June 4, 2010

Gates of Fair Lakes Condos Weekly Report 5/29/10 - 6/4/10

MyGatesofFairLakesCondo.com

Relevant Real Estate Information for Gates of Fair Lakes . A gated condo community.

INTRODUCTION

If you are thinking about buying or selling here in Gates of Fair Lakes
Contact me

As of today (June 4, 2010; 9 PM) There are  9 active listings in MLS and 2 condos that are currently under contract. 3 condos have sold in the last 30 days.

NEW LISTINGS

According to MLS, there were 0 new listings this week.

ACTIVE LISTINGS
 
Here’s the breakdown of all active listings in MLS:

4525 Superior Sq - 1bd/1ba
12801 Fair Briar Ln - 2bd/2ba
12843 Fair Briar - 3bd/2ba
12787 Fair Briar Ln - 3bd/2ba
4560 Superior Sq - 2bd/2ba
4521 Superior Sq - 2bd/2ba
4650 Superior Sq - 2bd/2ba
4526 Superior Sq - 2bd/2ba
12893 Fair Briar Ln - 4bd/4ba

UNDER CONTRACT

According to MLS, there are 2 condos under contract.

4662 Superior Sq  - 3bd/3ba (63 DOMP)
12853 Fair Briar Ln - 2bd/2ba. (139 DOMP)

I will have the final numbers for this once it closes, if it closes.

SOLD

According to MLS, 3 condo sold in the last 30 days.

12817 Fair Briar Ln - 1bd/1ba (78 DOMP) Regular Sale
Asking Price - $186,500 - Sales Price - $186,500 - Seller Subsidy - $5,595

12906 Fair Briar Ln - 2bd/2ba (17 DOMP) Regular Sale
Asking Price - $295,000- Sales Price - $287,000- Seller Subsidy - $00

12873 Fair Briar Ln - 3bd/ 3ba. (208 DOMP) Regular Sale
Asking Price - $320,000- Sales Price - $320,000- Seller Subsidy - $00

Sold More than 30 Days ago

4524 Superior Sq - 1bd/1ba (5 DOMP) Regular Sale
Asking Price - $229,900 - Sales Price - $220,000 - Seller Subsidy - $3,000

4524 Superior Sq - 1bd/1ba (5 DOMP) Regular Sale
Asking Price - $229,900 - Sales Price - $220,000 - Seller Subsidy - $3,000

12775 Fair Briar Ln - 2bd/2ba (35 DOMP) Regular Sale
Asking Price - $298,000 - Sales Price - $285,000 - Seller Subsidy - $7,350

4558 Superior Sq - 2bd/2ba (35 DOMP) Regular Sale
Asking Price - $279,900 - Sales Price - $270,000 - Seller Subsidy - $7,800

12783 Fair Briar Ln  - 2bd/2ba (42 DOMP) Regular Sale
Asking Price - $289,900 - Sales Price - $282,000 - Seller Subsidy - $500

4634 Superior Sq  - 3bd/2ba (0 DOMP) Regular Sale
Asking Price - $269,000 - Sales Price - $260,000 - Seller Subsidy - $10,000

12844 Fair Briar Ln - 1bd/1ba (0 DOMP) Short Sale
Asking Price - $135,778 - Sales Price - $138,000 - Seller Subsidy - $0

12799 Fair Briar Lane Ln - 3bd/2ba (38 DOMP) - Bank Owned
Asking Price - $284,900 - Sales Price - $265,000 - Seller Subsidy - $5,125

4518 Superior Sq #4518 - 2bd/2ba (6 DOMP) - Regular Sale
Asking Price - $274,995 - Sales Price - $285,000 - Seller Subsidy - $4,275
 
12811 Fair Briar Ln - 2bd/2ba (5 DOMP) - Regular Sale
Asking Price - $267,000 - Sales Price - $265,000 - Seller Subsidy - $4,000

4644 Superior Sq - 2bd/2ba (46 DOMP) - Regular Sale
Asking Price - $295,000 - Sales Price - $285,000 - Seller Subsidy - $5,000

12761 Fair Briar Ln - 3bd/2ba Short Sale
Asking Price - $295,000 - Sales Price - $275,000 - Seller Subsidy - $0

4534 Superior Sq  Bank Owned
Asking Price - $225,000 - Sales Price - $132,700 - Seller Subsidy - $0

4520 Superior Sq  Regular Sale
Asking Price - $264,721 - Sales Price - $265,000 - Seller Subsidy - $10600


12898 Fair Briar Ln  2bed/2ba (226 DOMP)  Regular Sale
Asking Price - $324,900 - Sales Price- $284,000 - Seller Subsidy - $10,000

22033
These stats are for all real estate in the 22033 zip code for the Month of August




Fairfax Condos Sold for 2007 vs. 2008 vs. 2009



Fairfax Townhomes Sold for 2007 vs 2008 vs 2009






RENTALS

There is currently 2 condo for rent

1 condo has been rented out in the past month.

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified. We are also a fully licensed property management group also. Just ask us more about how this benefits you.


OBSERVATIONS

Keep checking back for the status of your community. If you have any questions or would like to know the value of your home right now, email us!





Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.