Real Estate News from Popular Virginia Cities

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Real Estate News from Popular Virginia Counties

By Jim Flauaus, Your Tax Problem Solver
(Anchor Tax Relief LLC)
Comments 2
I prepare hundreds of Realtor tax returns every tax season. Historically, over 70% of them take the Standard IRS Mileage Rate because it’s the quick and easy way to claim auto expense.But is it the best way?Standard Mileage Rate MethodLet’s say you claim 10,000 business miles this year. (You prob...

By Jim Flauaus, Your Tax Problem Solver
(Anchor Tax Relief LLC)
Comments 2
If there's one thing I've learned in providing bookkeeping and tax services to Realtors over the past 15 years, it's that the only thing that's constant is change!Whether you are… a real estate broker who paid agent commissions in 2020, or an agent who paid a virtual assistant last year … there a...

By Jim Flauaus, Your Tax Problem Solver
(Anchor Tax Relief LLC)
Comments 3
It's almost tax time. (Ugh!)  I prepare hundreds of tax returns for real estate agents and brokers each tax season, and receive dozens of question about what is needed, what's deductible, can an extension be filed, etc. So to help you spend less time and money on taxes and tax prep, here's 7 esse...

By Ritu Desai, Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949
(Samson Properties)
Comments 1
There's only one word to describe the Fairfax Real Estate Market in December 2020 - HOT!With 134 Cash transactions and Sales Dollar Volume increasing to 31.23% compared to December 2019, we continue to be in a strong seller's market. The Average days on the market was a NEGATIVE 38.71% compared t...

By Ritu Desai, Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949
(Samson Properties)
Comments 2
2020 was most certainly a year to remember.  There was a lot of talk going on and anticipating a housing market crash.  But...... that is far from what happened.    Even during the holidays, Loudoun County real estate is traditionally the 'slow' season.  With the desire for more space, working fr...

By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
Comments 15
Two Sets of Parents, Two Buyer Clients and a Home Inspection Going BadA day in the life of a Manassas Real Estate Agent.  Home inspection with first time buyers.  Buyers arrive and home inspector arrives with an inspector in training.  Next to show up was his parents....then her parents.  Lord he...

By Jim Flauaus, Your Tax Problem Solver
(Anchor Tax Relief LLC)
Comments 2
I work with many Realtors who fall behind on taxes, and then make mistakes trying to resolve things.Many jump into monthly payment plans they can't afford, thinking an Installment Agreement is their only option. To prevent the IRS from filing a Federal Tax Lien, levying their bank account or seiz...

By Ritu Desai, Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949
(Samson Properties)
Comments 0
New construction or resale in the Northern Virginia Fairfax County has seen the strongest days since 2005. As a veteran Realtor serving Fairfax county for over 17 years I am assumed by the patch of land our builders find to build a community.Ryan Home's Foster Glen will be available as the newest...

By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
Comments 7
How Do You Handle Parental Involvement in the House Hunt?When you are buying your first home, the feeling to reach out to mom and dad may be stronger for some than others.  Should your parents be involved in the process?  Are they local?  Are they interested in being involved?  Do they feel they ...

By Jim Flauaus, Your Tax Problem Solver
(Anchor Tax Relief LLC)
Comments 1
I've worked with hundreds of Realtors over the years to reduce their IRS tax bite and gain control over their finances. Many find it hard to manage cash flow when closings and commission income fluctuate up and down. But COVID times aren't 'normal times';  financial challenges have intensified. H...

By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
Comments 8
So Many Things to Consider Before Listing For RentMeeting with a soon-to-be landlord yesterday, there was so much to cover.  In addition to the preparation of the house, which was the declared reason for the meeting, there were a lot of questions the landlord needed to answer for me to accurately...

By Robin Gauthier, I have the Key to your NextHome
(NextHome Tidewater Realty)
Comments 0
Parliament Village is located in the Kempsville area of Virginia Beach.  It is comprised of approximately 250 townhouses built in the 1970s.  It is located off of Parliament Road and Princess Anne Road.  Point O View and Arrowhead are nearby neighborhoods.  The children in this neighborhood atten...

By Pete Blondin
(ERA Teachers Inc)
Comments 0
2020 Reston Detached Home Final Sales Results …  Based on BrightMLS data, 284 detached homes sold in 2020 compared to 271 in 2019.  The average closed sales price for detached homes of $798,716 represented a 10.4% increase from the 2019 average of $723,338.  To see currently available detached ho...

By Pete Blondin
(ERA Teachers Inc)
Comments 0
2020 Reston Townhome Final Sales Results …Based on BrightMLS data, 601 townhomes sold in Reston during 2020 compared to 538 in 2019.   The average closed sale price for townhomes of $526,380 represented an 8% increase from the 2019 average of $486,477.  To see currently available town homes in Re...

By Pete Blondin
(ERA Teachers Inc)
Comments 0
2020 Reston Condo Sales Final Results.Based on BrightMLS data, 514 condos sold in Reston during 2020 compared to 552 in 2019.  The average closed sale price of $345,160 represented an 1.5% decrease from the 2019 average of $350,266.   To see currently available condos in Reston … visit  www.Resto...

By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
Comments 12
The First Monday of the New YearThere's something about Mondays I love.  I've said it before and I'll say it again.  Monday is my favorite day of the week.The first Monday of 2021 was a tad confusing.  Having come off of two long holiday weekends, my internal day of the week clock is way off.  No...

By Robin Gauthier, I have the Key to your NextHome
(NextHome Tidewater Realty)
Comments 1
Etheridge Lakes is located in the Hickory area of Chesapeake.  It is comprised of approximately 450 single family homes that was built in the 2000s.  Most of the homes are over 2400 square feet and are 2 stories.  It is located off of Centerville Turnpike and Etheridge Manor Blvd.  Etheridge Wood...

By Ritu Desai, Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949
(Samson Properties)
Comments 0
When things are MOVING too fast and TOO high many of us become cynical. We question is this too good to be TRUE or we are about to fall flat on our face. Pre-COVID Northern Virginia Housing market which typically appreciated 4-5% annually saw during COVID a double-digit appreciation of the home v...

By Chris Ann Cleland, Associate Broker, Bristow, VA
(Long and Foster REALTORS®, Gainesville, VA)
Comments 12
When Reality is Just Too RealLooks like more of the same for buyers in Bristow and Gainesville to get under contract in 2021 as we saw for the majority of 2020.  Sellers are in charge and getting multiple offers.  Being a buyer's agent you fee like you can't represent a buyer's best interests to ...

By Ritu Desai, Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949
(Samson Properties)
Comments 4
Loudoun County “Data Center Alley” is the world's largest concentration in data centers. Loudoun County has ranked amongst the Richest counties in the U.S. and with the highest average household income. As a Loudoun County Realtor and a resident for over 2 decades, I have seen the population soar...

By Ritu Desai, Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949
(Samson Properties)
Comments 3
2020 will be remembered by everyone for centuries. At the beginning of the year, unemployment rates to fear of the unknown had lead to a lack of confidence in the Northern Virginia housing market. Real estate and overall economic outlook were seen with the septical view. Home prices and average d...

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