October Market Update:
Now is the time to Sell!
Interest rates have fallen under 3% with 15-year mortgages at 2.5%. This has caused a surge in buyer’s demand and brought back multiple contract scenarios for homes that are priced and marketed correctly.
“As mortgage rates fluttered above and below 3% in July, homebuyers received their biggest boost in affordability in three-and-a-half years. Purchasing power rose 10% year-over-year despite 97 straight months of annual housing price increases. With interest rates hitting record lows, buyers were able to afford $32,000 “more house” as of July 23 than they could the year before with the same monthly payment.” – National Mortgage News
- It’s a great time to buy a home because interest rates are low so you can qualify for more money to purchase your home.
- It’s a great time to sell your home because buyers may qualify for more money to spend on your home.
- Many homeowners have decided to put their homes on the market next year. Once the area has a surge in inventory, due to these sellers waiting, prices will go down making it shift from the current sellers market into a buyer’s market.
Our team would love to help you in your search for a home.
- 62 of our 65 listings are under contract or sold, that’s a 96% success rate!
- Average days on market of 12.6
- Homes Sold for 102% of List Price
- 96% of our listings sold in the first 30 days
- 86% sold in the first 10 days
- Total listings and selling side sales $80M+ with $44.7M in Vienna.
Where can you start? We are taking virtual meetings via Zoom, let us know if you would like a pricing strategy and marketing plan today! Reach Casey directly at 703-508-2535 for a home buyer or seller consultation.
In today’s market there is a lack of inventory and interest rates are down. People Say “it’s a seller’s market, houses are flying off the shelf, so all you have to do is put your house on the market” that’s NOT true. In Vienna (homes over $1M) 55% of the homes do not sell. Seller’s have to be smart and incorporate all four pillars of real estate success. We are experts at Pricing, Condition, Marketing and Predictive Analysis. Learn more about our award winning home seller strategy with the 4 Pillars of Real Estate.
Move of the month
We had a home inspection with 101 items and the buyer requested 49 be fixed and a credit of $60K for the balance. Due to our expert negotiation skills, the buyers settled for 0 items fixed, and $10k credit! Great job by Colby and Morgan!
Did you miss our last two episodes? Now worries, we have them up now!
Why Staging Your Home Pays
Coming Soon for $1,600,000. 2799 Marshall Lake Drive, Oakton, Virginia. Exquisite estate home in prestigious Timber Lake Community. A true stay at home retreat with a backyard oasis sited on a premium 1.2 acre lot. Elegant interior featuring 4 bedrooms, 4.5 baths and 7168 square feet. Open floor plan ideal for entertaining with formal dining room, butler’s pantry, living room with gas fireplace, game room/sunroom and two home offices. Chef’s kitchen with large island and breakfast room opens to the two story family room with a gas fireplace. Mudroom/laundry room with built-ins on the main level. Owner’s retreat boasts vaulted ceiling, private sitting room/office, 3 sided gas fireplace, dual walk-in closets and a spa-like en suite bath with a soaking tub, glass enclosed shower and dual sinks and vanities. Finished lower level walk up and features a recreation room, den/possible 5th bedroom, full bath and large storage room. Scenic views from the family room overlook the backyard complete with a pool, waterfall, patio, hot tub, and spacious back yard. Access to two lakes and walking trails with tons of trees. Great Oakton location within the Madison pyramid. Stop by the Open House this Sunday, October 25th from 12-2pm. Visit www.2799MarshallLake.com for a preview. Call Morgan Samson for a private showing 703-609-1745 once Active.
10401 Hunter Station Road, Vienna, Virginia. Newly Priced for $1,550,000. “On the Trail” is an exquisite new home by Hometerra with 6,914 finished square feet, nestled on 1.07 acres of land in an ideal upscale location. The sun-filled interior boasts 6 bedrooms, 5.5 bathrooms, high end details, a 3 car garage and 3 finished levels. An entertainer’s dream with an open floor plan, grand foyer, formal dining room, and large chef’s kitchen with breakfast room. Main level also features a library, laundry/mudroom and inviting family room with two story ceiling and a gas fireplace. Main level owner’s retreat with French doors to the private deck, extra large walk-in closet with an island, and a spa bath with a free standing tub, glass enclosed rain shower and dual sinks and vanities. Upper level with a bonus living area and four bedrooms all with en suite baths and walk-in closets. Walk-out lower level with a spacious recreation room, in-law suite with full bath, and room for more! Enjoy outdoor living in the back yard, deck and wraparound front porch. Sited on the historic ‘Hunter Station Flag Stop’ of the W&OD Railroad making it a history and trail enthusiast’s dream with direct access to the 45-mile-long W&OD trail. Visit www.10401HunterStation.com for a full tour. Call Billy Samson for more info at 703-380-0255.
1638 Valencia Way, Reston,Virginia. Just Listed for $475,000. Beautifully updated 3-level townhouse in a rustic setting with 5 outdoor areas to entertain! This home features lovely updates throughout, with hardwood flooring, recessed lighting, and updated kitchen and bathrooms. Kitchen with newer cabinets, pantry, Corian countertops, and stainless steel appliances. Enjoy the large living/dining room with wood-burning fireplace & sliding glass doors that lead to an expansive deck that overlooks the common area and tot lot. Upstairs find the owners suite with a private bath, dual closets with built-ins, and a small deck. You will also find two other bedrooms, one with its own private deck, and a second full bathroom. In the walkout basement, there is a large recreation room, full bath, and an extra room that can be used as bedroom or den, and laundry. Walkout to a large patio space that would be excellent for entertaining. Stop by the Open House this Sunday, October 25th, from 1-3pm. Visit www.1638ValenciaWay.com for a preview. Call Pam Mooney for a private showing at 703-307-6663.
11126 Tattersall Trail, Oakton, Virginia. Newly Priced for $1,200,000. Stunning custom West Coast style home only 2 years young on a .57 acre flat lot backing to beautiful lush trees! This contemporary home features 3 finished levels, 5 bedrooms, 6 full and 2 half bathrooms, and over 6,000 finished square feet of modern interior. Open floor plan ideal for entertaining, with immaculate hardwood flooring, formal living, and dining rooms, and office space. The gourmet custom kitchen with quartz countertops, stainless steel appliances, six-burner stove, and elegant light fixtures. Kitchen opens to a grand family room with ample natural light, cathedral ceilings with exposed beams, and magnificent stone wall with gas fireplace. Owner’s suite with gas fireplace, walk-in closet with built-in’s, spa-like ensuite bathroom with soaking tub, dual vanity and sinks, and walk-in tile shower. Upstairs, there are three additional bedrooms, all with ensuite baths and a laundry room. Bonus 4th level features a bright loft space with skylights and half bath. Finished lower level features a recreation room, media room home theater, 5th bedroom, two full bathrooms, wet bar, and storage. Walkout from the basement onto the stone patio with a fire pit that overlooks the expansive flat and lush backyard. Conveniently located close to Metro and commuter routes! Visit www.11126Tattersall.com for a full tour. Call Morgan Samson for a private showing 703-609-1745.
18345 Mid Ocean Place, Leesburg, Virginia. Just Listed for $899,900. Stunning colonial home with walkout lower level located in the gated Premier Resort Golf Club community of River Creek, and situated at the confluence of the Potomac River and Goose Creek. This home features 5,827 square feet including 5 bedrooms, 3.5 bathrooms. Enjoy an abundance of natural light, beautiful wood flooring throughout the main level, decorative pillars in the foyer, built in’s, and much more. Enter the main level into the living room and dining room with elegant lighting, crown molding, and wainscotting. In the gourmet kitchen, there are granite countertops, large island with breakfast bar, six-burner gas stove with hood, stainless steel appliances. Attached to the kitchen are the breakfast area and butler’s pantry. Enjoy the open and bright family room with built in’s, fireplace and access to the expansive back deck. Main level office, laundry, and half bath. Upstairs is the large owners’ suite with sitting area and private en-suite with dual sinks on separate vanities, large soaking tub, and a walk-in shower. There are four additional bedrooms, two with ensuite and the other two bedrooms with shared jack and jill bathroom. Downstairs in the walkout basement, you have an entertainer’s dream with a large recreation room, full bathroom, and ample storage space. Walkout to the lush .19-acre lot with an abundance of possibilities. The award-winning River Creek community offers: eighteen-hole golf course memberships, three swimming pools, six tennis courts, a renovated fitness facility, Confluence Park with a floating dock, picnic area, BBQ fireplaces, playground, volleyball court, basketball courts, hiker/ biker trails, and two gated entrances staffed with security personnel. Visit www.18345MidOcean.com for a full tour. Call Pat Samson for a private showing (703) 380-7025.
Under Contract in 3 days! 15360 Honey Locust Lane, Hillsboro, Virginia. Just Listed for $850,000. Custom home on an incredible 23+ acre lot sited in the heart of Loudoun County Wine Country. This incredible retreat features 5 bedrooms, 3.5 bathrooms on 3 levels with over 4,500 square feet. Rustic/Modern accents throughout, including maple hardwood flooring, custom tile and stonework, elegant lighting fixtures, cathedral wood ceilings, walk-in sauna, custom tile, and more! Walk through the foyer to the expansive gourmet kitchen with beautiful granite countertops, large gas cooktop island, breakfast room, breakfast bar, and extensive storage. Easy flow into the family room with grand floor to ceiling stone wood burning fireplace. Beautiful sunroom with amazing mountain and sunset views from the expansive deck. Main level living with two bedrooms and one and a half bathrooms. Mudroom, study, and laundry also on main level. Upstairs features two large bedrooms, a loft space, and full bath. The walk-out lower level is an entertainer’s dream with a large recreation room, exercise room, music room/sound studio, bonus room, 5th bedroom, and full bath. Custom pool and lounge area offer a stunning location for enjoying the views! Located minutes from breweris, wineries, Route 9, downtown Hillsboro, and Purcellville. Hillsboro’s redevelopment plan is almost complete, making the village very walkable and adorable! Visit www.15360HoneyLocust.com for a full tour.
Under Contract in the first weekend! 211 Moore Ave SE, Vienna, Virginia. Just Listed for $1,250,000. Stunning home in the heart of Vienna, sited on a private park-like half acre lot. The sun-filled interior boasts 4 bedrooms, 3.5 bathrooms, a 2 car garage and 4,706 finished square feet over three levels. An entertainer’s dream with an open floor plan, grand foyer, formal dining and living room. Spacious chef’s kitchen with an island, professional 6 burner range and breakfast room. Inviting family room with vaulted ceilings and a fireplace. Main level living at it’s best with a luxurious owner’s suite featuring dual walk-in custom closets and updated spa-like bath. Upper level with three bedrooms, a full bath and bonus space. Finished lower level with a recreation room, second kitchen, laundry and au pair/in-law suite. Enjoy outdoor living on the screened in porch, back deck, lower patio and fenced yard with a garden. Amazing Vienna location close to Metro, W&OD Trail, restaurants, shopping and commuter routes. Top rated Cunningham Park/Thoreau/Madison pyramid. Visit www.211Moore.com for a full preview.
Under Contract in the first weekend! 5038 Glen Park Road, Annandale, Virginia. Just Listed for $899,900. Immaculate 4 bedroom, 3.5 bath home with covered wrap around front porch with gazebo. Inviting formal dining room with elegant features and beautiful French doors. Upgraded kitchen with silestone countertops, island, tile flooring, and stainless steel appliances. Family room with an abundance of natural light, brick fireplace, crown molding, and ceiling fan that leads to the large sunroom with a custom painted ceiling. Upstairs is the spacious master suite, with vaulted ceiling, and en suite with oversized shower jacuzzi tub, granite countertops, and 3 closets. You will also find 3 additional bedrooms and a second full bathroom. Enjoy the quiet fenced in backyard sanctuary with Koi pond, custom-designed deck, stone walls, professionally landscaped with blooms all year round, gas grill connection, and outdoor shed. Enjoy the country feel yet having close access to shopping and activities. Visit www.5038GlenPark.com for a full tour. Call Pat Samson for a private showing (703) 380-7025.
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There have been a lot of questions recently with the uncertainty during the Corona Virus pandemic and how this has been affecting mortgage financing. In Northern Virginia, the housing markets have remained strong and most financing options have remained viable options for buying a home. There have been some minor changes to the home buying process but we are quickly adapting and helping buyers get through to closing smoothly. If you are looking to buy a home please reach out so that we can answer any questions that you have and help you get into the home of your dreams. To contact Mike, CLICK HERE
Friends don’t let friends struggle to sell their home, no matter where they live. If they need help outside of Northern Virginia, we can find great qualified listing agents anywhere in the country. If you or they are struggling to sell a property, give us a call, we would love to help! 703-508-2535.
Download our NEW desktop wallpaper complete with a October Calendar, plus we have a clean version perfect for your second screen and phone.
Did you know we are on Pinterest? There we feature community boards, a Style board with inspiring interiors from our listings, renovation ideas for your whole house and more. Visit our Pinterest today!
Online Resources/Activities for you and your kids:
- Twelve museums around the world are offering free virtual tours. Take a trip to Europe, Korea, or around the US and view some of the most famous works of art in the world.
- Love Opera? The Metropolitan Opera is streaming previously recorded performances daily
- Wish you were at the beach? There’s a webcam for that.
- Capital Weather Gang is holding Weather School M-F on their Facebook Page
- Mount Vernon has an education live series M-F for Kids on their Facebook Page
- The Kennedy Center is sponsoring Lunch Doodles with Mo Willems on YouTube
- You can still enjoy the outdoors while social distancing, and provide a fun learning opportunity! Read more here.
- Remember the Highlights Magazine? They have a great website
- Scholastic has developed a free Learn From Home website with 20 days of lessons and activities for grades Pre-K through 9.
- A huge library of free children’s’ books to read (or listen to) online.
- Ready to introduce your teenager to the Classics? This huge free e-book library has you covered.
Lucky Dog of the Month UPDATE Hawkeye is adopted! Hawkeye is a 5 year old Retriever/Shepherd Mix. He would love a family to make him their own, bring him to the dog park to play with other dogs, as well as daily walks and hikes. This sweet boy would like obedience training, so he can show you just how smart you are. He’s longing for belly rubs and snuggles. What do you say, is he the guy for you?
Great news!! Maggie and Biggie are adopted! To see more details on the adoption process visit luckydoganimalrescue.org or email email@example.com
The Casey Samson Team was named by The Wall Street Journal as the #1 Small Team in Northern Virginia with $200M in sales since 2017. We saved sellers over $1M in commissions last year. We made sellers $1.89M by selling homes at 100.2% of list price in an average of 19 days. The industry standard is 97%. If you are looking for a professional team, with an exceptional track record & a Full Service Listing program, contact The Casey Samson Team at 703-508-2535. Home buyers, we give cash back! Vienna’s #1 agent. Samson Properties #1 Team and #1 Agent in the #1 Production Office in Northern Virginia!