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Selling Power! Why NOW is a Great Time to Sell Your Home

Selling Power! Why NOW is a Great Time to Sell Your Home

2019 has seen a shift in the Real Estate Market for the Loudoun County area, and especially in South Riding. Interest rates are at the lowest they have been in 3 years (our lender quoted us 3.375% just days ago!) and they are holding steady – for now. So how does this translate into Selling Power?

The average home sales price in South Riding this year has been about $539,000 – which is UP .97% over last year! Inventory is also low, and homes are averaging about 4 weeks on the market before they’re being snapped up. Low inventory plus low interest rates means demand for homes is HIGH. We had a listing recently that went on the market on a Thursday and by Tuesday – just 5 days later – had multiple offers over asking price!
If you’re on the fence about selling your home, NOW is the perfect opportunity to capture a Buyer!

The Donny Samson Team offers a cutting edge, all inclusive, enhanced listing service for just 4.5% Total Real Estate Commission. This means even more cash in your pocket!

We KNOW Real Estate… and we have the SOLUTIONS:

  • Huge Database of Buyers
  • Staging & Decluttering Options
  • Hassle Free Remodeling & Repair Solutions with NO upfront costs (pay at settlement)
  • Results Driven Marketing

Knowledge is power in today’s competitive Real Estate Market! We would love to help you determine exactly what your home is worth with a FREE Home Market Analysis.

Call us today at 703-864-4894!

Everything You Need To Know About Mortgage Pre-Approval

Even if you’re not in a competitive real estate market where you need to do everything to stand out, a mortgage pre-approval is your key to understanding your budget, help you speed up the process, and prove to the real estate world that you are serious about buying your dream home.

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Here we’ve laid out everything you need to know about getting pre-approved, how long is your mortgage pre-approval good for, and what should you do if your pre-approval will soon come to an end. Heed these tips before even thinking of house-hunting so sellers will know you’re on top of your game!

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Before starting your search, your first step should be to prove that you have the financial capability to purchase a home. In the pre-approval process, the lender reviews your loan application and your finances to determine whether you will qualify for a mortgage. They will have a preliminary examination of your credit, employment, income, assets, monthly debts, and other financial information.

Since the pre-approval letter will also indicate the actual loan amount you qualify for, you should use that as your guide when shopping for a home because your lender will only let you borrow up to that certain amount.

When you found a home you want, your real estate agent will submit the pre-approval letter together with your offer to the seller. This will prove to the seller that you are serious about buying and can obtain a mortgage.

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Buying a house does take time. Your home search and loan approval process could go on for weeks, even months, before you could actually close the deal and get the keys to your home. If your journey to being a homeowner actually took a long cut, will your pre-approval letter still be valid by the time of your purchase?

While there is no definite duration for the validity of the mortgage pre-approval letter, in general, it is typically good for 60 to 90 days or about three months. Still, the actual time frame is indicated in your letter. So if you need a longer time frame, you have to ask for it beforehand.

However, many lenders and sellers may consider your letter too old after three months. Yes, making a decision as huge and remarkable as buying a home shouldn’t be put into such a short timeframe. However, your financial situation can change anytime within that three-month period. Lenders could have a hard time trusting you if your letter is more than a few months old because you could’ve done things that hurt your DTI and credit, like losing your job or buying a car. There is an expiration date to ensure the potential borrower has excellent DTI from the start until the end of his or her homebuying journey.

Also, the expiration date lenders placed on your pre-approval letter acts as a hastening mechanism so you can choose a home before the interest rate indicated in your letter goes up. It prevents you from taking a leisurely stroll through open houses for weeks and extending the buying process.

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If your house-hunting journey is taking a bit longer than planned and your pre-approval letter is about to expire, you’ll likely need to renew it. However, there’s no need to go through all the trouble of applying all over again. Just take it back to your lender, together with your updated financial statements and pay stubs to show there’s been no change to your income, debts, or credit scores.

And since pre-approval letters are only valid for a certain period, it might be best to only get it when you’re already serious about looking for a home.

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When you’re applying for a mortgage, having one or two checks on your credit report will indeed temporarily lower your credit score. It can lower your score for a few points, depending on your initial score and the number of payments you’re making, but it shouldn’t be significant. The problem comes when the hard checks or inquiries on your FICO score raise too many flags, which could get you disqualified from getting a loan.

If you don’t want the pre-approval process to cause any significant stress to your credit report, you can pull a soft report or a soft inquiry. Unlike hard checks, it won’t affect your credit score and you can use it as reference. Since soft inquiries are only visible to you, if you found out your score is lower than 620, it might be best to hold off purchasing a house for now and do the necessary steps to improve your score.

Immaculate Fairfax Condo For Sale

Immaculate Fairfax Condo For Sale

The Oxford House and Penderbrook communities offer tons of amenities including a swimming pool, sport courts, fitness center, playground, and MORE! There is bound to be something for everyone to enjoy! Minutes away from Fair Oaks Mall, Penderbrook Golf Course, and all the shopping, dining, and entertainment you can dream of! Plenty of free, unassigned parking, nearby to Rt. 50, 66, Fairfax County Parkway, and convenient bus stops and commuter lots!untitled--70

Living Area Features

Gourmet kitchen with granite countertops, under-cabinet lighting, and tile backsplash; office area with beautiful, extra glass door cabinets.untitled--39

Open floor plan perfect for entertaining!untitled--33

The cozy living room features a wood-burning fireplace great for the cooler months and built-in shelving.untitled-2

Sun room leads to a private balcony that overlooks trees and parkland.untitled--32untitled--21

Bed & Bath Features

The relaxing master bedroom offers two large closets and plush carpet.untitled--49

The luxurious, attached bath boasts granite countertops and an upgraded walk-in shower with a custom glass door.untitled--56

Additional bedroom is filled with sunlight from three huge windows, and has a large 2 door closet.untitled--9

The double entry, additional bath features granite countertops and a shower/tub combo.untitled--15

Contact Realtor Susan Holbrook at 703-862-3000 for more details or to set up a showing!

Immaculate Manassas Home For Sale

Immaculate Manassas Home For Sale

Outdoor Features

Absolutely incredible backyard! Deck with hot tub, and a swimming pool perfect for summer! Fully-fenced, private backyard is surrounded by trees and even has a sports court for basketball, hockey, or anything you want!untitled--102

Main Level Features

Gourmet kitchen with granite counters, breakfast bar, pantry, cooktop, two wall ovens, and a breakfast room overlooking the incredible backyard through a large bay window. Breakfast room leads to screened porch with steps down to the backyard.untitled--21untitled--38

Separate dining room is perfect for entertaining; play board games in the spacious  family room with a wood-burning fireplace. (But it has a gas pipe!)untitled--17untitled--37

Upper Level Features

Incredible master suite!! Archway leads to the sunny sitting room, bench seat by the window, amazing built-in vanity with granite counters, luxurious master bath, and the wrap-around walk-in closet.untitled--53untitled--59

Lower Level Features

Basement boasts a full bar, built-in shelving, and pool table.untitled--83

There is even a cozy movie theater room with a gas stove! The projector turns the entire right wall into a movie screen!untitled--90

Don’t miss out on your chance to own this gorgeous home in Manassas! Contact Scott Koval at 703-625-3446 to set up a showing.

Beautiful Aldie End-Unit Townhome For Sale

Beautiful Aldie End-Unit Townhome For Sale

This sparkling, end-unit townhome nestled in Aldie is now listed For Sale! Home is in a great location within the community; the wooded common area offers additional     privacy! Come see tons of amenities including sport courts, a pool, exercise room, walking paths, and playgrounds. 1 car garage and plenty of visitor parking available. Home is convenient to Rt. 50 and Rt. 15 as well as offers a park and ride commuter lot.

If you’re on the hunt for your dream home—this is it!

Main Level Features

Meal prepping just got easier in the gourmet kitchen with maple cabinets and tile floors.GetMedia (4)

Stunning hardwood floors are found in the separate dining room and bright living room areas—great spots for hosting friends and family!GetMedia (8)GetMedia (5)

Spend time out on the large balcony that gets 8 hours of sunshine per day and is private/backs to trees!GetMedia (3)

Bedroom Level Features

The spacious master suite on the second level is the perfect spot to relax after a long day. It’s complete with a walk-in closet and luxury bath with a soaking tub, separate shower, and dual sinks.GetMedia (11)GetMedia (16)

Head upstairs to the third level and you’ll find two additional spacious bedrooms that share an additional bath.GetMedia (14)

Sitting areas with tons of potential on both floors!GetMedia (9)

Don’t miss out on your chance to own this gorgeous home in Aldie! Contact Associate Broker Scott Koval at 703-625-3446 for more details or to set up a showing.

Charming Fairfax Home For Sale

Charming Fairfax Home For Sale

Investor special—priced $100k below assessment! This charming all-brick home on over half an acre of land is now listed for sale. Home boasts easy access to all major highways—great for commuters. Location, location, location! Live near the amazing Mosaic District! And as a bonus, the 2 bed, 1 bath apartment over the huge garage can be lived in while you renovate the main living space, and then rent out the apartment for some    extra income!

Main Level Features

Enter to the sun-filled living room that boasts a cozy wood-burning fireplace.untitled--11

The kitchen provides table space as well as access to the large deck spanning the back of the home, perfect for entertaining.untitled--22untitled--25

Two entry-level bedrooms with ceiling fans and a full bath on main level.untitled--28

Upper & Lower Level Features

Head upstairs and you’ll find dual master bedrooms that share a bathroom. One bedroom boasts beautiful hardwood floors.untitled--36

Spacious recreation room on lower level with tons of potential, as well as a large laundry/storage room area. Walk-out basement.untitled--39

Contact Realtor Susan Holbrook at 703-862-3000 for more details or to set up a showing!

Charming Townhome in Burke For Sale

Charming Townhome in Burke For Sale

Charming townhome backing to trees and nestled in the heart of Burke has just been listed for sale. There are plentiful community amenities such as walking paths, pool, clubhouse, tennis courts, and tot lot—there is something for everyone to enjoy! The home is painted throughout and has new landscaping. VRE is around the corner—perfect location for commuters! Shopping, dining, and entertainment options nearby. Burke Lake Park is minutes away and offers a mini train, picnic area, mini golf, boating, camping, events, and much more!untitled-7266

Main Level Features

Enter the main level and you’ll find the bright living room with beautiful floors, a perfect place for entertaining.untitled-7040

The dining room has a modern pass-through window and leads to the spacious deck.untitled-7053

Kitchen boasts granite countertops and stainless steel appliances and also has table space—making it the perfect place to spend your mornings!untitled-7100

Bedrooms & Lower Level Features

Head upstairs to the relaxing master suite with ceiling fan, large closet, and attached,  remodeled bath with walk-in shower. 2 additional bedrooms with plush carpet share an additional, remodeled bath.untitled-7130untitled-7141

In the basement you’ll find a large rec room with tons of potential! A sliding glass door leads out to the stone patio in the sunny backyard. Large laundry and storage room with full window, sink, cabinets, and shelves.untitled-7181untitled-7157

Contact Realtor Nancy Femrite at 703-346-7395 for more details or to set up a showing!

Stunning Springfield Home For Sale

Stunning Springfield Home For Sale

No HOA! Community pool less than half a mile away will be a great hangout spot this summer; shopping, dining, and entertainment minutes away. Corner lot with a private driveway nestled in Springfield; brand new roof and gutters. 2 parks nearby! Brookfield Park and Lake Accotink Park feature activities such as kayak rentals, trails, mini golf, and so much more! Perfect location for commuters—VRE station and Springfield Metro nearby, and close to 395/95/495/Fairfax County Parkway.PARK2

Living Area Features

Beautiful and modern kitchen features brand new stainless steel appliances, granite countertops, and a custom backsplash. Meal prepping just got easier! Sunny dining room off kitchen with designer lighting.untitled--15

Eye-catching wood-burning fireplace with white brick surrounding in the bright living room; living room has built-in shelving and leads to backyard. Gorgeous hardwood floors and tile throughout entire home; open layout wonderful for hosting.untitled--10

Incredible, spacious backyard with brand new fence, large patio, and landscaping.untitled--43

Bed & Bath Features

Enter the relaxing master bedroom that features a white brick statement wall and you’ll find a huge walk-in closet and luxurious attached bath with a walk-in shower complete with stunning tile. Laundry room is off the master bath and boasts a sink, backyard access, and a brand new stacked washer and dryer.untitled--21untitled--26

3 additional bedrooms feature large closets and share an additional bath.untitled--32

Contact Associate Broker Scott Koval at 703-625-3446 for more details or to set up a showing!

Gorgeous Home in Warrenton For Sale

Gorgeous Home in Warrenton For Sale

Located on the best lot in the Brookside Community, this move-in ready home sits on 0.3 acres of land. It’s right across from all of the community amenities including sports courts, an outdoor pool, playground, walking paths, clubhouse, exercise room, and multiple lakes. You’ll never run out of things to do in the area. Nearby you’ll find shopping, dining, entertainment, a dog park, brewery, and so much more! untitled--71

Main Level Features

If you’re on the hunt for your DREAM home—look no further! Walk inside and you’ll find gleaming hardwood floors throughout the entire main level; to your left, you’ll see the combined living and dining rooms—great for hosting! untitled--10
Meal prepping just got easier! The kitchen is complete with a pantry, breakfast bar, island, custom backsplash, and stainless steel appliances. untitled--62
The breakfast room is a great place to spend your mornings and leads out to the sunny deck.  untitled--67
Family room off the kitchen offers a cozy gas fireplace and a ceiling fan. Large windows let in tons of natural light. untitled--20

Upper Level Features

Head upstairs and relax in the master bedroom featuring 2 walk-in closets and a ceiling fan. untitled--34 An en suite luxurious bathroom showcases a walk-in shower, soaking tub, and dual sinks. A great place to unwind after a long day! untitled--36
3 additional bright bedrooms all boast a large closet, plush carpet, and a ceiling fan. A separate laundry room with built-in storage cabinets is located on this level as well. No more carting laundry up and down the stairs!

Lower Level & Backyard Features

The carpeted rec room in the basement has tons of potential! untitled--15

The back deck has steps leading down to the spacious, fenced yard; a great place to make memories all year long! untitled--46

Don’t miss out on your chance to own this gorgeous home in Warrenton! Contact Associate Broker Scott Koval at 703-625-3446 for more details or to set up a showing.

Mink Meadows Street Home For Sale in South Riding

Mink Meadows Street Home For Sale in South Riding

This gorgeous Single-Family Home is located on an idyllic, highly sought-after street in the South Riding Community. Conveniently situated within the “walk zone” of Little River Elementary School offers owners peace of mind as your school-aged children will NOT be redistricted! South Riding’s list of amenities brings a strong sense of community & offers activities & fun for the whole family. This is also a fantastic area for commuters with easy access to Route 50, Loudoun County Parkway, and Route 28. The property and home have been beautifully and meticulously maintained. An attached, oversized 2-car garage & driveway feature ample parking. This dream home is surrounded by evergreen trees and is just around the corner from Murrey Park and Hyland Hills Park. South Riding Welcome Sign

Main Level Features

A grand 2-story Foyer welcomes you as you enter and is bathed in natural light from the huge Palladian windows. Dual coat closets offer plenty of storage. Gleaming hardwood floors guide you throughout the home & up to the 2nd level. Mink Meadows St 2 Story Foyer

The large & open gourmet Kitchen has spotless Corian counters, beautiful custom tile backsplash, a myriad of large upgraded cabinets. A built-in desk with tons of shelves and cabinets would make a great “family hub.” Mink Meadows St Kitchen

A sunny breakfast room leads to a screened in porch & deck. Mink Meadows St Breakfast Room

The beautiful & separate Dining Room at the front of the home offers a large window, crown molding & chair rail. Mink Meadows St Dining Room

An impressive 2-story Family Room is enhanced by a vaulted ceiling, Palladian windows & a gas fireplace. Mink Meadows St Family Room

The bright & airy formal Living Room leads to a sizeable office/den via dual glass doors. Mink Meadows St Formal Living Room

Enjoy the ease of a main-level laundry room that features a utility sink, cabinets & ceramic tile floor. Mink Meadows St Laundry Room

Upper Level Features

A beautifully appointed Master Bedroom suite offers tray ceiling, 2 closets, & a large sitting room overlooking the backyard. Mink Meadows St Master Bedroom

Relax in the luxurious en suite bath that boasts a tray ceiling, dual vanities, large Jacuzzi tub, separate shower & water closet. Mink Meadows St Master Bathroom

3 additional large Bedrooms feature plush carpet, ceiling fans & have access to a Full bath. The upstairs hall also offers a small sitting area that overlooks the family room.

Lower Level & Backyard Features

The huge Rec Room in the basement has plush carpets, recessed lighting & a gym/bonus room. The 5th Bedroom features plush carpet, a closet, & large window. It is adjacent to the full bathroom.  The basement walks out to a beautiful slate & brick patio. Mink Meadows St Basement Rec Room

The beautifully landscaped & maintained front & backyards add extra charm. There’s even space for a hammock in the shaded area below the deck!  Mink Meadows St Backyard

Homes on this street don’t come up for sale often! Now is your chance to own this gorgeous home in a fantastic neighborhood. For a private walk through or to request more information, contact Expert Realtor Sarah Taylor at 703-475-1003.