10/04/2009

Update Neighborhood Spotlight: Exeter

Strategy-102-real-estate1-pop_178 Just a quick update on a neighborhood spotlight I did on our very own Exeter in Leesburg a few weeks ago. The Washington Post just publish Exeter in the Where We Live Real Estate section. I think its a well deserved honor since this neighborhood has been a local secret for many years. 

Enjoy!

Chuck

Serving all of your Ashburn, Leesburg, Mclean and Loudoun County area Real Estate needs!

Oct 4, 2009 11:20:00 AM | Neighborhood Spotlight: Exeter

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Gone Fishing! As everyone might know I have gone fishing for the week but don't think I've forgotten about all my buddies! Enjoy a little comic relief while I'm gone.... I sure did! Take care, Chuck Serving all of your Ashburn, Leesburg, Mclean and Loudoun County area Real Estate needs!
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The Washington Post Gets It Wrong On the $8,000 Buyers Tax Credit I know shocker right; I’m downing the Washington Post again??? It looks like the Post this time outsourced its latest Real Estate related article to writer Martha White who writes for the Slate Group on a variety of financial matters including Real Estate. Although, I read Slate regularly and find there content refreshing I found Martha’s latest article “Prolonging Home Buyers Tax Credit Will Prolong Recovery” simply uninformed and filled with funny math strung along by the thinnest of strings. One of the numbers Martha quoted off of a blog site she states in her article is that the actual cost of the $8,000 Tax Credit program is $43,000 per buyer because some buyers would have brought anyway. All I can say is; Wow really! There is actually a mathematical formula on a website that will tell me exactly what buyers intend to do before and after they buy? Is this like Nostradamus stuff? You know, after everything is said and done some "expert" will come out and says “you see this was predicted 500 years ago…duh”? Great, where were these experts say 2 years ago when the markets melted down? Can I use that same formula in Vegas? Or how’s about predicting what my 7 year old will do next on a soccer field? Here’s the bottom line, buyers and especially first time home buyers are moved by emotions and perceived opportunities. Physiology plays a huge part in the purchase of a home. Buyers want to know that the market is moving in the right direction and that they are not going rouge by buying to early( unlike Palin of course). It has also been my experience that one of the biggest barriers to home ownership is the down payment. This $8,000 tax credit gives those buyers on the...