And Another Braemar Carriage Home Goes Under Contract

And Another Braemar Carriage Home Goes Under Contract

On March 10th (2018,) I had the pleasure of listing one of the most updated Parkdale model Carriage homes in Braemar that I have ever seen at 10143 Broadsword Drive.  We hit the market at $475,000, but after plenty of showings and no offers, my sellers decided to lower their price to $465,000.  What we were finding in feedback is that buyers looking at this home were also looking at larger single family homes with attached garages and finding that this Parkdale, while lovely, was not worth the price differential compared to the larger homes in the same price range.

The price improvement to $465,000 made a big difference.  We got even more traffic and within a week of the adjustment, my sellers had an offer.

We can’t tell you what the offer is, but will gladly tell you the details when it closes on May 31st.  Until then, when you are ready to list your Braemar Carriage home, give me a call.  It pays to hire a local agent that knows why this neighborhood is in demand and prices  your home accordingly.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

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Braemar Townhouse-Style Condo Under Contract in Six Days!!

10028 Lord Lovat Way, Listed for $240,000 on February 4, 2014Braemar Townhouse-Style Condo Under Contract in Six Days!!

Why wait for spring when you can be the only game in town now?  The Sellers of this Braemar condo didn’t wait until the grass was green and the forecasts of snow were a thing of last season.  They placed their three bedroom, two and a half bathroom condo, priced at $240,000, on the market on February 4th (2014.)  Six days later they were under contract.

We had plenty of buyers looking for a home in this price range.  Unfortunately for those buyers, the most motivated of the bunch stepped up first and wrote an offer.  This means there are still dozens of buyers looking for a Braemar home around $250,000.

It pays to beat the rush to list in Spring.  If you want to get a leg up on the competition and list before spring, give me a call for a free market analysis of your home’s value.  No One Knows Braemar Better!

Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com

 www.NVARealEstate.netwww.SellingBraemar.com

Braemar Townhouse Report: July-August 2011

Braemar Townhouse Report:  July-August 2011

Like it or not, Braemar residents are seeing the beginning of the fall season.  The kids are back in school, the pools are closed and there is a chill in the air.  It won’t be long before the leaves turn shades of gold, red and orange.  I for one love fall, but there’s something else I love more.  Rising property values in Braemar. 

Let’s take a look back at the Braemar townhouse market for the last two months of summer.  You’re going to like what you see.  As always, Braemar townhouses are divided into two categories for the purposes of this report:  Townhouses with No Garage and Garage Townhouses.

Bramear Townhouses with No Garage saw only one resale during the months of July and August.  That sales price of $245,000 now becomes the average market value for the No Garage Townhouses.  This means a 21% increase since last report (May-June 2011) and over a 12.5% increase in value since the same reporting period last year.

If you placed your Braemar Townhouse with No Garage on the market, priced to current market conditions, you could expect your townhouse to be under contract in about one month.  You could also expect a buyer to ask for an average of about 2% of the sales price in closing cost help.

The demand seems to be for Braemar Garage Townhouses.  These homes saw seven resales during the months of July and August.  The average of those seven sales prices gives us our new average market value for Braemar Garage Townhouses of $252,986.  That’s over a 13% increase since last report and a nearly a 1/2% increase since last year.

If you placed your Braemar Garage Townhouse on the market, priced to current market conditions, you could expect to have it under contract in a little over two weeks.  You could also expect a buyer to request an average of over 1.5% of the sales price in closing cost assistance.

The next Braemar Townhouse Report will be out in November and will take into account sales during the months of September and October.  Until then, if you are thinking of selling your Braemar townhouse, I’d be happy to give you an estimate of your home’s specific value in the market.  No matter your equity position I can help.  I’ve been a full-time Bristow real estate agent and Braemar resident since 2005, and a Short Sale Agent since 2007.  No one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SpeakingOfHomes.net

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Other Braemar Property Value posts for the period of July-August 2011:

Arista Series (large single family homes built by Brookfield Homes)

Carriage Series (smaller single family homes with detached garages, built by Brookfield Homes)

Courtyard Series (executive style homes, five to a private entrance, built by Brookfield Homes)

Heritage Series (mid-sized single family homes built by Brookfield Homes)

Condo Quarterly (condos known as Barrhill at Inverness Village)

Another Braemar Home—SOLD!

Another Braemar Home—SOLD!

At the beginning of 2011, I was contacted by the owners of 10033 Pentland Hills Way in Braemar to sell their Braemar Courtyard home.  It was a Ballston model.

We got this Braemar Courtyard home on the market on January 31st, priced at $340,000.  At the time, there were tenants in the home.  And it appeared they would be cooperative.  Well, that was not the case.  The tenants took what had been a hot market and what should have been a fast and easy sale and drug it out.  When Braemar Courtyard homes were demanding prices higher than $340,000, the Sellers’ tenants were uncooperative with showings.  It go so bad that Buyer’s Agents were being turned away at the door.

The Sellers had to re-evaluate their position in the market as being the most expensive home now listed.  So on March 31st, the price was reduced to $327,500.  Meanwhile prices in the Braemar Courtyard homes continued to see decline as more and more owners put their homes on the market.  And the tenants continued their uncooperative act until the Sellers were legally able to give them notice to vacate.

By the time the tenants had left, the Braemar Courtyard home values were lower and these owners had a choice to make.  Work with one of the offers on the home, or continue to lease and possibly sell next year. They decided to make a deal, not knowing what 2012 would bring, or what type of tenants they would then be working with.  So the Sellers accepted a cash offer on July 12th that could settle quickly.  While it was a long way off from their $340,000 asking price in January, the property did sell on August 5th for $305,000. 

If you want to know the value of your Braemar home in TODAY’s market, let me know.  I’ve been a full-time Bristow real estate agent and Braemar resident since 2005.  No one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net, www.SpeakingOfHomes.net

With Gas Prices Soaring, It’s a Good Thing Braemar is So Close to the VRE

With Gas Prices Soaring, It’s a Good Thing Braemar is So Close to the VRE

I was filling up at the Safeway gas station in Braemar Village Plaza on Saturday and snapped this photo of gas prices.  I am sure they are even higher now.  Seems we all get numb to ever-increasing price of gas.

I’m fortunate in my career as a Real Estate Broker that I can pick and choose how far I wish to drive for work.  And a lot of my job as a Listing Agent and Short Sale Agent can be handled remotely…so I get to work from my Braemar home just about every day.  However, for those that commute to Washington, DC and Arlington every day, the price of gas can present quite a crisis.  While gas prices continue to rise, many government employees have found their pay frozen.

It’s a good thing that Braemar is so close to the VRE.  For those of you unfamiliar, the VRE is short for the Virginia Railway Express.  Braemar is located less than six miles from the Broad Run VRE.  The VRE is a great commuting solution for Braemar residents who work in DC or the Arlington area.  The Crystal City VRE stop drops you off so you can hop a ride on the Metro to get you even closer to work.

The rising price of gas is likely to increase demands for homes like those in Braemar that are close to mass transit.  If you’re looking for your next home and would like to investigate Braemar, give me a call.  No one knows Braemar better!

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.nvarealestate.net