JUST LISTED & OPEN HOUSE! 12094 Antler Ct

Freshly updated and ready for the market! We’re excited to present our newest property for sale on 12094 Antler Ct – Fairfax, VA.

Details on this property include:

Stately 3 bedroom, 2.55 bath townhouse located in Fairfax Ridge!
This home offers over 2300 sq ft of living space on three levels with an attached one car garage.
Spacious lower level recreation room with fireplace, and walkout to patio and fenced yard. Custom storage area below the stairs. Hall bath and coat closet off the entryway.
The main level features inviting living and dining area with chair an crown molding, and walk out to deck with a serene treed view!
Gleaming Brazilian hardwood floors on all stairs, main and upper level
Updated kitchen with granite counters and breakfast nook near the bay window. Separate laundry room and half bath on kitchen level.
Upper level features three bedrooms and two full bathrooms.
Master suite with expansive walk-in closet complete with custom organizers. Master bath offers a double vanity soaking tub and frameless glass standing shower.
Ideal location, minutes to Fair Oaks Mall, Fairfax Town Centre with plenty of restaurants and retail. Walking distance to Fairfax Government Center, Fairfax Corner, Merrifield Garden Center, Costco and Wegmans. Also, short walk to Eagle View Elementary. Perfect for commuters with quick access to I-66, Lee Hwy, Rt 50, Fairfax County Pkwy, Rt 28 and more!

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Townhouses in Fairfax Ridge range in price from $450-$560K+ depending on size, location and of course condition. Properties that have sold on the higher-end were also end-units, with a two car garage and updates throughout. Our property at 12094 Antler Ct is listed for sale at $519900.

For more details or a private showing, contact the Wethman Group!

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How to purchase a home without 20% down!

Are you holding off buying a home because you don’t have 20% down payment saved?! Would you like to buy, but not sure if your credit score or income will limit what you can afford? Good news! There are many options available for you.

While having 20% down with a 800 credit score is very desirable, many people could qualify to buy their own homes. You just need to know your options and talk to the right lender to see what is possible for your situation! Here are the different type of loan options to consider when buying a home:

VA Loans

  • 0% down
  • No mortgage insurance
  • No upfront fees
  • Available to current or former military
  • Subject to VA inspection/underwriting

FHA Loans

  • 3.5% down
  • 1.5% Upfront mortgage insurance ( can be wrapped into loan)
  • Available to most buyers with credit scores 579+
  • Subject to FHA inspection/underwriting

USDA Home Purchase

  • 0% down
  • 1% Upfront mortgage insurance (can be wrapped into loan)
  • Available to most buyers with credit scores 640+
  • Subject to location and income requirements
  • Home Buyer class required for loan approval

Home Ready/Home Possible

  • 3% down
  • 3% Upfront mortgage insurance ( can be wrapped into loan)
  • Available to most buyers with credit scores 579+
  • Subject to  income requirements
  • All the down payment and closing costs can come from a down payment gift.

Conventional 97

  • 3% down
  • PMI required for loans with less than 20%
  • 680+ credit scores with 75% LTV
  • Not subject to  income requirements

Low Downpayment Lenders

  • 5% down
  • PMI required for loans with less than 20%
  • 680+ credit scores
  • Not subject to  income requirements
  • Submit to conforming loan limits

Determining the best financing option also depends on your current market, the terms of your offer and strength of your lender! Using a local bank, versus a large corporation or internet lender will help your contract be competitive and also ensure that you will make it to settlement.

If you are curious about downpayment options and picking the best program and lender for you, contact us at admin@wethmangroup.com!

 

 

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JUST LISTED & OPEN HOUSE 6912 Sharpsburg Dr

The fall real estate market is still going strong! Excited for our client, who just listed her gorgeous home out in Centreville. This home in located in Hanna Estates and sales have ranged from $530K up to $623K for single family homes. Properties on the lower end of sales are smaller, with less updates. Properties at the higher end are nicely updated with gourmet kitchens, renovated bathrooms, and floor plans wth over 3200 sq ft!

Details on our listing:

Stately 4 bedroom 3.5 bath colonial with over 3200 sq ft of living space!
Light filled two story foyer greets you at the front door.
Formal dining room and living room, with gleaming floors with plenty of space to entertain.
Open kitchen with updated cabinets, granite counters, stainless appliances, ceramic tile and an island. Space for eat-in table with access to the screened-in deck.
Inviting family room off the kitchen with a gas fireplace.
Enviable master suite with high ceilings, space for sitting area, large walk-in closet and large master bath with soaking tub separate shower and large vanity.
Spacious bedrooms with plenty of closet space and a hall bathroom complete with tub/shower and large vanity.
Lower level features large rec room area, full bathroom and expansive storage and utility room.
Relaxing screened-in deck, with access to deck and fenced backyard.

Open House this Sunday 12-2pm!

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Email admin@wethmangroup.com for a private showing or more information.

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The Wethman Group’s Real Estate News – September 2018

September 2018

The kids are back to school, and we’re back to the hot real estate market!
Activity picked up after Labor Day, and we’re seeing more of the same this month. August stats appear to be in line with prior years’, and no worse. The Median sales price is up ever-so-slightly, and inventory year over year remains about the same. Typically in September we see a little pop in inventory as sellers try to get a deal done before the holidays and year end.
Anecdotally, we’ve been seeing some softness in certain market segments, particularly the $1.2M+ single family detached market. It’s too soon to say whether this is a blip or the start of a larger trend, but market dips typically do start in the upper brackets, evidenced by longer days on market. Builders largely target this market at the expense of the mid-range single family market, adding insult to injury. We’re seeing similar pockets of relative ‘softness,’ and an increase in listings selling for just slightly below list price, unlike the bidding wars of the Spring.
Our local wild card, with 3 jurisdictions in the running, continues to be the Amazon HQ2 search. Rumors abound as the Amazon Board dined at the Renwick Gallery last week. Our inventory issue would be wildly exacerbated if our area ‘wins’.
Want a more in depth discussion of your targeted area? Just give us a shout!
Thinking of buying? It’s better to start sooner than later, even if your target move date is months away…with a lot of buyers ‘waiting until next Spring’, it’s a great time to find a great home with less competition from other buyers!

 

 

 

 

HOME CARE CORNER 

Zillow has come out with a report on the ‘paint colors that sell’ and the verdict is that black or charcoal front doors sell better. Reach out to us for painting advice, whether it’s on colors or contractors, before painting for a sale!

 

CLIENT APPRECIATION EVENTS

Save the Date: Pie Day- Tuesday, November 20th

Our annual pie day open house will take place the Tuesday before Thanksgiving at Katie and Kenny’s house (we know, we can’t believe it’s time to plan for fall already either!). Clients, save the date on your calendar to stop by for a bite and a drink and bring home an apple or pumpkin pie for your Thanksgiving celebration. It’s one of our favorite events each year, and we look forward to sharing it with you!

Also, Save the Date for our Breakfast at the Movies with Santa -Saturday, December 1st

As always, if you or someone you know has a real estate need, please reach out. We are here to help!
The Wethman Group
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The Wethman Group’s Real Estate News – August 2018

August 2018

MARKET UPDATE
Up, up, up! Prices and sales volume increased like the temperature in July for the local area housing market. Each year the DC housing market tends to peak in volume and price in June, with July starting to show a taper down to a lull in August and then a nice little pop again in September into October before quieting down significantly at the holidays for winter. Each month represents some seasonal differences (for more information on WHY, join our next first time home buyer webinar to learn about the factors that affect the real estate calendar year) which is why you’ll always see us comparing figures from the same month in the previous year.
Median home price reached the highest July price of the decade, up 3.4% from July last year, but down a seasonal 3.4% from the June all-time high the month before. As you may remember, we reported last month that sales volume (new pending sales and closed sales) was down in June from the previous year, which is somewhat out of sync with current trends. July saw the uptick in sales volume from last July we were expecting to see, with 3.2% more new pending sales in July this year over last July- again the highest July in over a decade.
If you’ve been following our newsletter for a while now, you may be able to guess what is at play AGAIN here: inventory! Our quick explanation (and what we are seeing play out with our clients) is that in June many buyers frustrated with the low inventory, just didn’t buy.
July inventory saw a few more new listings- up 1.6% over July 2017 (but down a seasonal 13% from June). However, active inventory for July (the properties remaining available for purchase) decreased again year-over-year for the 27th straight month, down 6.4% from July last year, meaning buyers scooped up all those new listings plus some. We are still 14% above the lowest inventory of the decade in 2013, but buyers are feeling the lack of choice and what we are seeing is some creative deal making and buyers revising what their “dream” property looks like rather than continuing to wait on inventory that just isn’t increasing.
We are helping buyers understand the current market, how to approach the search and prioritize trade-offs and walk away with the keys to their new home all the time! With interest rates holding steady, many of our buyers are gearing up for the little pop in inventory we usually see each September.
Thinking of selling? With near historically low inventory, it’s a great time. There is still time to get your house ready for the September shoulder season before buyers go into hibernation. Regardless of whether you are thinking of buying or selling, get in touch to start the conversation so we can come up with the best strategy and outline a potential timeline for you!
CLIENT APPRECIATION EVENTS
Save the Date: Pie Day- Tuesday, November 20th
Our annual pie day open house will take place the Tuesday before Thanksgiving at Katie and Kenny’s house (we know, we can’t believe it’s time to plan for fall already either!). Clients, save the date on your calendar to stop by for a bite and a drink and bring home an apple or pumpkin pie for your Thanksgiving celebration. It’s one of our favorite events each year, and we look forward to sharing it with you!
As always, if you or someone you know has a real estate need, please reach out. We are here to help!
The Wethman Group
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The Wethman Group’s Real Estate News – July 2018

July 2018

MARKET UPDATE
Is the summer housing market as hot as the weather? It is if you measure by price! June set a new all-time high for median price in our area at $471,000, up 3.5% compared to June of last year. But sales volume, closed sales, and new pending sales were all down from June of last year. By now you can probably guess what is driving these market behaviors: inventory!
New listings were down 6% from June last year and down 11% from May. The lack of new listings coupled with continued quick absorption meant active inventory was 6% below June of 2017, which was already low. We are still above the all-time lowest active inventory seen in our area in 2013, but significantly below the 5 and 10 year averages. Without properties to buy, the desirable properties that DO come on the market are either priced at a premium or may get bid up, which is why we see the rise in median price. Sales volume is down simply because there are fewer properties to buy or would-be buyers are getting priced out.
Properties that are well priced are still moving quickly! Average Days on Market (DOM) for June was 10, up from 9 in May, but down 2 days from June of last year.
Interest rates are holding steady, which is good news for buyers still hoping to make their move by the end of summer. Despite the competitive market, our clients are still finding places they love! Thinking of buying? Even with all of the competition, we think many buyers will be better off buying now than waiting until next year (when interest rates will likely be higher and inventory will likely be even more squeezed). We are always happy to talk through your plans and see if that is true in your circumstance.
With the continued emphasis on inventory, and seasonality in your favor, if you are thinking of selling, get in touch now to have us create the best strategy for you!

CLIENT APPRECIATION EVENT

Annual Baseball Game
We had a wonderful time with clients at the Nats’ game on Sunday, July 8th as the Nats took on the Marlins. The weather was perfect and the company even better! We are so grateful for everyone who works with us or sends us business. Your support is everything to us and this is one way of showing our thanks! If you’d like to join us for our next event, use us when you are buying or selling your home, or refer a friend who is looking! We’d love to have you be part of the tribe!

As always, if you or someone you know has a real estate need, please reach out. We are here to help!

The Wethman Group


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The Wethman Group’s Real Estate News – June 2018

June 2018

MARKET UPDATE
May was another record-breaking month in the DC Metro housing market. Prices ticked up to the highest in a decade, but not by much, rising just 1.1% $5,000 over May last year, but up a seasonal 3% or $15,000 over just last month. This is correlated with the lowest active inventory we have seen in May since 2013, despite new listings being up a seasonal 3% from last month, those new listings are being absorbed in record time. Median Days on Market (DOM) is down to just 9! Half of the homes that come on the market now are under contract in less than 9 days! This is 1 day fewer than last year and in line with the 9 day average we saw in 2013.
Interest rates bounced up and down over the past month, but have ended up back in the same starting point, which is good news for buyers still hoping to make their move by the end of summer. Despite the competitive market, our clients are still finding their home of choice and we are handing over keys all the time! Thinking of buying? Let us walk you through what this market means for your search strategy, or get started by attending our upcoming free webinar THIS WEDNESDAYJune 20th (registration details below). For many buyers, depending on your individual circumstance, we still think buying this year, even with all of the competition, will be better than waiting until next.
With the continued emphasis on inventory and seasonality in your favor, if you are thinking of selling, get in touch now to have us create the best strategy for you to sell for top dollar! The market is hot, but taking advantage of that competition requires the right marketing strategy and team to optimize your exposure to buyers. Check out our listing highlights below- 2 recent listings sold within days of hitting the market!
CLIENT APPRECIATION EVENTS
Baseball Game- Sunday, July 8th– Clients, it’s that time of year, you’ve received your invitation to our annual baseball game and you’ve responded! The event has proven so popular we are already on a waitlist for tickets, but we are determined to make sure we can get as many clients in a possible, so DO sign up for the waitlist if you are interested and root, root, root for the home team with us! If you haven’t received your invitation, please email us at events@wethmangroup.com and we’ll get you sorted out.
UPCOMING CLASSES
First Time Home Buyer Webinar: THIS WEDNESDAY, June 20th at 7pm
Our popular First Time Home Buyer class covers deciding to buy, financing, your home search, trends in the local market, and even the implications of the new tax law! If you want a refresher before diving into the Spring market, join us for this free class and send your friends who are thinking of buying! Register here to join.
Senior Seminar: Downsizing and Preparing Your Home for Sale
We joined TAD relocation last Thursday at Grand Oaks Assisted Living for a special seminar for seniors preparing to downsize and thinking about selling their long-time home. We had a great response and would love to share this information with any groups who are interested! Let us know if you have a group (or individual) who would benefit from downsizing information. We’d be happy to reach out!
As always, if you or someone you know has a real estate need, please reach out. We are here to help!
The Wethman Group
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