Posted on March 12, 2017 - 09:51 PM
by Carol Dorsey
Washington Metropolitan Area Transit Authority(WMATA) operates metrorail and metrobus in the DC Metro area. Alexandria, VA is home to 5 of the 91metro stations served by WMATA. Springfield metro station borders Alexandria and is used by many Alexandria residents.
Van Dorn, Huntington, Eisenhower, King Street, Braddock Road, Springfield Metro.
To get route and fare information for metro rail:
visit https://www.wmata.com/rider-guide/stations/ or call (202) 637-7000.
Posted on March 12, 2017 - 09:00 AM
by Carol Dorsey
As a seller in Virginia and Maryland you may not see the value of investing time and money into keeping your yard and the exterior of you home in peak condition everyday while it is listed for sale.
So, let's play make believe you are a buyer driving past your house. The grass needs to be cut, the bushes and trees need to be trimmed, the weeds are taking over the yard, the siding needs washing...do you want to take a tour of this home? If you have a lot of other options (usually the case in Northern Virginia and Maryland) probably not, unless you're looking for a fixer upper. You'll move on to the next house. If you do decide to look at a home with poor curb appeal and like it, do you expect to pay top dollar for it? Even if the asking price is low, you're probably going to want to pay less than asking price.
So sellers remember, the bottom line is this. If your plan is to sell your home quickly and get top dollar for it, don't forget that curb appeal is important! Get the exterior of your home looking great and keep it that way daily while it's listed for sale. You never know when a potential buyer might drive by...you don't want to turn them off. Good curb appeal will help increase the number of prospective buyers that visit your home and decrease the list of reasons that support a buyer giving you less than asking price.
Posted on February 16, 2017 - 06:48 AM
by Carol Dorsey
Interest Rates Are Still Low Yes, home prices and interest rates have gone up. But it is still one of the greatest times in history to buy a home in the U.S.. Mortgage interest rates in 1981 were over 16%, so an interest rate under 5% is still low historically. For sellers this means more buyers can potentially qualify for a loan to purchase your home. For buyers you have more buying power due to the low rates.
Home Prices Are Rising Home prices are rising in Fairfax County and Alexandria City at a rate of about 4%. So if you buy now you'll pay less. If you own home now, more people qualify for your home now. Also, if the market fluctuates and you home price goes up, the price of the home you buy will also have gone up...it would be a wash. So if you need or want to buy why wait because? For first time buyers think about the tax breaks and equity you will have by next year.
2017 is being called the "Year Of The Mlilennial" People in there 20's and 30's had been sitting it out.They're back with a vengeance! Home sellers will have a large pool of buyers. We already see multiple offers on properties.
Talk with a professional, Carol Dorsey, about your move I'd be honored to assist you If you are considering selling or buying in Virginia or Maryland. If you are ready to make that move or need and want an assessment of your homes price give me a call or text at 804-548-3637 to schedule an appointment. If you would like a selling or buying I'd be happy to get together. If we're a good match perhaps we'll work together.
We help make the move easy We will make your move smooth Carol Dorsey of Princess Realty Group and Weichert have the resources to make your move smooth...whether it's in state, out of state or out of the country. Weichert and its list of providers offer mortgage loans, home warranty, insurance, movers, contractors, title insurance and many other services.
Posted on June 21, 2016 - 07:04 AM
by Carol Dorsey
First time home buyers and some investors too, who were waiting for prices to bottom out are frustrated as they watch home prices in Alexandria escalate. They scour the internet daily looking for affordable homes near public transportation and walk friendly communities.
Across the street from Huntington Metro Station sits another "chance" to get into a great home and neighborhood for at an affordable price...under $350,000.
5651 is located directly across the street from Huntington Metro Station. The home has 3 levels, 2 bedrooms, 1 bath, an unfinished basement, front porch, and a drive way too! A little work will make this home shine again. A similar home a few doors down listed at $360,000, just went under contract.
Opportunity is waiting...Open the door. Don't miss out this time...other wise a few months from now you'll be thinking woulda, shoulda, coulda...deals like this are vanishing. Contact Carol Dorsey at 804-548-3637, if you wish to explore this opportunity.
Posted on February 25, 2016 - 06:03 AM
by Carol Dorsey
Are you are buying your first home, need a second home in the DC area, downsizing, new to the area and suffering from sticker shock (due to high home prices), looking for an investment property? Well, you might want to look at Huntington in Alexandria, VA.
About 558 homes, mostly duplexes, make up Huntington. Huntington is a quiet community situated between Telegragh Road and Richmond Highway. Homeowners and renters enjoy being within walking distance to Huntington Metro Station and buses. If you drive you can I95 is at one end of Huntington Avenue (the main strip) and I495 is on the opposite end. Drive a few miles and you are at GW Parkway. Take metro one stop and you're at the Alexandria Amtrak Station. Ronald Reagan Airport in Arlington is a short drive or 4 metro stops away. Drive to Greyhound Bus Service in Springfield is about 20 minutes.
Huntington has a fitness center, dry cleaner, car rental, small grocery stores, several restaurants, laundromat, day care center, community center. Crystal City Mall, Springfield Mall, Landmark Mall, Old Towne, Potomac Yards, Kingstowne, Beacon Mall and other shopping centers are within a short drive of Huntington.
Midtown Station Condos, Parker Apartments, Huntington Station Townhomes and Huntington Mews are luxurious recent additions (within 1 to 6 years) that exist along Huntington Avenue along with the comfortable duplexes of Huntington.
"I love it here, it's so convenient to everything", It's a nice community and the neighbors are really nice", It's quiet here" are comments I often hear from residents of Huntington.
It's a good time to buy in Huntington because:
1. Excellent value, low prices, great location.
2. Interest rates are low.
3. Build equity - prices are increasing as popularity of this area continues to go up.
4. The homes are easy to rent.
5. The homes sell well.
If you are interested in buying, selling, renting, or investing in the Huntington area or other areas in Virginia call me at 804-548-3637. I'm always happy to help.
Posted on February 25, 2016 - 05:59 AM
by Carol Dorsey
There are many great things about living in Northern Virginia. One thing that comes to mind is the nice variety of restaurants that are available. Sometimes it is hard to decide where to eat because there are so many choices. March 7 to 14, 2016, is Northern Virginia Restaurant Week. This is a great opportunity to try out several restaurants you've not visited in the past. During Northern Virginia Restaurant Week restaurants in Northern Virginia will be offering preset meals at reduced prices.
Why not try a restaurant on Saturday, March 12, or Sunday, March 13, in an area you might want to move to. You can enjoy a meal and check out a few open houses, too. Call me if you want to tour specific properties or neighborhoods. I am always happy to help. Bon Appetite!
Posted on January 9, 2016 - 03:49 PM
by Carol Dorsey
A house is an asset that can lower you tax liability. Take this into consideration when deciding whether or not to purchase a home...In many cases, mortgage payments plus associated real estate tax deductions, average out to be less than rent payments annually.
Some housing tax deductions and credits available to homeowners are:
1. Mortgage interest deduction- This deduction covers interest paid on up to $1 million worth of loans and is especially beneficial for borrowers with new mortgages since they pay more interest. Interest on first and second mortgages, home improvement loans, and home equity loans for primary and secondary (not rental) homes qualify for this deduction.
2. Mortgage points deduction -Homeowners may deduct state and local real estate taxes paid during the year. If a home sale occurs during the filing year, sellers pay for taxes up to, but not including, the day of sale. Buyers pay taxes beginning the day of the sale.
3. Private mortgage insurance (PMI) and Mortgage Insurance Premium (MIP) - Mortgage insurance premiums are added to mortgage payments when the loan's value exceeds 80% of the home's value. These premiums protect the lender if the buyer defaults. PMI payments have been tax deductible in recent years, however, this tax break isn't part of the tax code and Congress has to renew it for homeowners to deduct those costs. It has been renewed through 2016.
4. Mortgage prepayment penalty - You may have to pay a penalty if you pay off your mortgage early. You can deduct that penalty as home mortgage interest provided the penalty is not for a specific service performed or cost incurred in connection with your mortgage loan.
5. Late payment charge on mortgage payment. You can deduct as home mortgage interest a late payment charge if it was not for a specific service in connection with your mortgage loan.
6. Residential Energy Efficient Property Credit
This tax credit is 30 percent of the cost of alternative energy equipment installed on or in your home.
Qualified equipment includes solar hot water heaters, solar electric equipment, wind turbines and fuel cell property.
7. Home improvements - If you use a home equity loan or other loan secured by your home to finance home improvements, these loans will qualify for the same mortgage interest deductions as your main mortgage.
To get expert advice about tax deductions and credit you should contact your tax professional. You may also visit the IRS website to find out about tax breaks available to homeowners.