Victoria Falls Market Watch - Condos shows that there are currently no active condos listed on the market for sale at this time. The most recent sale of a condo closed this summer at $235,000 on July 16th. This was the highest sales price for any condo style in the VF community thus far. This increase should be considered great news for those condo resident facing foreclosure, short sale or foreclosure or thinking about relocating to another region. We'll be watching the VF market to see if this trend in increased market values continues going forward. Victoria Falls Market Watch - Condos suggest to condo residents to anticipate continued increases in sales prices moving forward in 2014 – 2015. The Victoria Falls community is fortunate to have a daily stream of interested and motivated buyers searching the internet and Google searches, visiting, walking and looking to relocate into the VF community. Google search engines are giving Central Park at Victoria Falls high ranking at the … [Read more...]
Victoria Falls Market Watch – Single Family Homes
Victoria Falls Market Watch - single family homes provides a peak at the market activity within Central Park at Victoria Falls community. Several properties that were previously listed for sale during the summer have now closed. Coupled with an insufficient inventory of homes for sale and record low interest rates sellers are witnessing a sizzling sales market to say the least! The current supply of home listed have not kept pace with the increased number of home buyers flooding the market looking for homes to purchase. Victoria Falls Market Watch - single family homes focus on the sale of two single family homes this summer. The sale of a Michael Harris (MH) single family home (without a basement) listed and closed escrow at $399,900. This was a Hemingway Model that closed on June 30, 2014 without any sellers’ contributions to the buyer. The other pending sale of a MH single family home (without basement), which was a former model home was rescheduled for closing on the 31st. of … [Read more...]
Is a Condo Right for You?
Is a condo right for you? Condominium sales have increased in many parts of the country. The three largest groups of condo buyers are people buying real estate for the first time, couples whose children have left home, and retired people buying in a retirement community or buying a vacation home. There are several things to consider when investing in a condo, no matter where it is located or why you are making the investment. In some condo communities, you will share the facilities of the common areas, e.g. hallways, parking spaces, storage areas, clubhouses, swimming pool, and tennis courts with other residents. Therefore, you want to buy a unit in a community where these facilities are properly maintained and secure. Is a condo right for you? Another consideration is the added cost that comes with owning a condo. Most condos charge a monthly Homeowners Association (HOA) fee and condo fee that covers upkeep and repairs. Fees of this nature usually cover such things as water, trash … [Read more...]
Victoria Falls Market Watch – June 17, 2014
This edition of the Victoria Falls market watch shares the latest market data for the VF community. We share this market information with our neighbors, residents, potential buyers and others who are interested in the real estate market in the Victoria Falls community. Since our last edition on May 23rd - one single family home is now under contract with a kick-out clause. There are two villa styled homes currently under contract with no kick-out clause... This Victoria Falls market watch data is provided by our local Multiple Listing Service and include the following residential stats as of today, June 17, 2014. The analysis report shows that the average list price of single family and villa homes is $343,675. One single family property previously listed at $399,900 is now under contract with a kick-out clause. The actual closed price will not be available until after the closing date scheduled for June 30th. There are two villa style properties under contract with no kick-out … [Read more...]
Selling a Home with Feng Shui
Selling a home with Feng Shui in mind may lead to a fast sale! Reducing clutter in a room can be an overwhelming task for many sellers. Many Realtors recommend the traditional Chinese practice of Feng Shui. The basis of Feng Shui is to arrange items to harmonize with surrounding spiritual forces. The ancient practice hit mainstream sellers several years ago,and now real estate professionals are joining in on the harmonizing bandwagon. The idea is that potential buyers may feel more comfortable and happy in a home that is arranged a’la Feng Shui. Selling your home involves creating a feeling that buyers will have about the home space…..Don’t be alarmed if your home’s front door faces west instead of east or is more southwestern than Asian. Creating a little Zen in your den will help raise its chi – and the possibility of a sale. Here are a few tips to bring a bit of Feng Shui into your home and life. > Simplicity Sells. Remove excess clutter and knick knacks from the room. … [Read more...]
Victoria Falls Market Watch – Spring Edition 2014
Victoria Falls Market Watch - Spring Edition 2014 is an update on the housing market in this exclusive 55+ Retirement Community. We want to apprise VF residents, visitors, potential sellers and buyers, and other interested parties on the sales inventory of properties within the VF community. Over the last couple of weeks we have seen an increase in the number of villa style properties listed for sale. In the last six months, a total of six villa style homes sold in the range of $236,500 for a three bedroom Craftstar Villa Townhouse to $380,000 for a four bedroom Drees Villa style home. Currently, there are five Villa style Townhouses are for sale ranging from a two bedroom, two full bath, bank owned (Real Estate/Owned) townhouse priced at $239,900. And, four Townhouse/Villa style homes priced approximately from $349,900 for a three bedroom, three full bath Craftsman model to $389,900 for a three bedroom two full bath Villa style Townhouse Colonial. For more space - There are two … [Read more...]
Price It Right
Price it right! Yes, this explosive term means a lot when you are getting ready to list your house for sale. Arriving at the right price is no sales secret to ensure a successful sale. Pricing your home too high increases the chances that the home may not sell within a designated time frame. Although you may have tastefully decorated or extensively renovated your home to your lifestyle, some buyers may not see the home as a place they can call home. Consider that your improvements may or may not have an effect on the market value of the home. In fact, personalized decorating can even slow down the activity unless the style appeals to a wider population. Real estate agents are now able to upload multiple photos, virtual tours, property banners and headlines of your property features. And, buyers can sit at home in their PJ’s to preview your property. To price it right, the sales price must be based on several factors: • Size of the house and its special features and … [Read more...]
Home Staging
Home staging prepares a home to sell while maximizing the home’s appeal to potential buyers. It can be considered a form of advertising, i.e., the process highlights a home’s positive features while minimizing any negatives. Statistically speaking, Home Staging has proven to be an effective marketing tool to sell a home faster and at top market value. There are many benefits to sellers to stage their homes. Obtaining the best sales price is one benefit that’s at the top of the list when presenting Home Staging to sellers. Just imagine how the Home Staging process can increase your final sales price. We know that a buyer’s emotions play a big role in their decision to purchase a particular home. Besides, sellers can write off the fees from the Home Staging services as an “Advertising Fee” which can influence a seller’s capital gain or loss on a property that has been sold. Staged homes look better than non-staged homes in the same price range and neighborhood. In addition, … [Read more...]
Victoria Falls 55+ senior community
Victoria Falls 55+ senior community for active adults. Central Parke at Victoria Falls is an adult senior community located in Laurel, MD. The "For Sale by Owner" of this lovely home is offering this elegant Austen model for sale with immediate occupancy. The home is located on a quiet cul-de-sac and has many fine features. This single family home was built by Michael Harris Homes in 2007 and features an open floor plan with ceramic tile foyer entrance, 1st. floor master bedroom and bath, 3 additional bedrooms on upper level, 3 full baths, formal dining room with custom crown molding and chair railings, eat-in kitchen with cherry cabinets, granite counter-tops, GE Advantium oven, ceramic tile kitchen floor, zoned hi-efficiency gas heat, attached 2 car garage, cathedral ceilings, ceiling fans and walk-in closets. Victoria Falls homeowners pay a low Homeowners Association Fee (HOA) of $222.00 monthly that include lawn mowing front and rear, snow removal up-to-your-door, annual gutter … [Read more...]
Victoria Falls 55+ Active Adult Community
Victoria Falls 55+ active adult community is one of the premier active adult communities in Prince Georges County. The community offers a variety of housing styles that include single family homes built by Michael Harris; Villas built by Craftstar and Drees; and condos. In addition, there is a Resort Club that includes a great hall, billiard room, card room, fitness center, indoor and outdoor pool, tennis courts and a basketball court. Residents at Victoria Falls are anxiously watching the market to see if the value of their homes will increase in value with the increase in national averages. Most real estate analysts predict that the housing market will improve and homeowners should see a modest gain in home values between 3-5% in 2013. Any increase in property values will be greatly accepted and highly appreciated…….However, after working with several mortgage companies and their appraisers it appears that VF is still recovering from the previous market conditions. I was somewhat … [Read more...]
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