Just Listed in Braemar: Expansive, Gracious Canterbury for $610,000

Just Listed in Braemar: Expansive, Gracious Canterbury for $610,000

Located in the sought after Patriot High School district, this Canterbury model by Brookfield Homes, located at 9725 Kinloss Mews is sure to please the most discerning buyer. Enter into a foyer/center hall where hardwood floors take you through most of the main level.  Formal living and dining rooms sit on either side of the entry.  Step through the center hall, passing the main level powder room, and you find a study to your left and the kitchen area to the right.

The kitchen is truly the heart of this home.  Open to a breakfast nook and the family room beyond, this is where every day life happens.  For more formal occasions, you will love the butler’s pantry that connect the kitchen to the formal living room.

The upper level is where you find four bedrooms and three bathrooms, one each making up the expansive master suite.  Hardwood flooring in the master bedroom leads to a tiled master bathroom where you find two separate vanities, a large soaking tub, separate shower and water closet. If you didn’t feel the word luxury washing over you, take a look into the two large walk-in closets.

The remaining three bedrooms are extremely generous in size.  Second bedroom has an en-suite full bathroom.  Third bedroom connects to the third full bathroom, which is dual entry with two vanities.  Fourth bedroom has nearby hall access to the second entry of third bathroom.

If that’s not enough room for you, wait until you see the basement.  An oversized recreation area is a perfect place for games, movies or a second family room.  One of two finished dens is in use as a work out room, the other as a mother-in-law suite.  Of course, you can’t have a true mother-in-law suite without a full bathroom, which is just around the corner.  Basement boasts a walk up exit.

All this is located on a lot that faces rural farmland property and is on a cul-de-sac.  A rare lot to be sure.

If you or someone you know is interested, give me a call. Since 2005, No One Knows Braemar Better.

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Another Braemar Single Family Home Sold Above List Price!

Another Braemar Single Family Home Sold Above List Price!

You never know where your next listing will come from, but as a Top Braemar Listing Agent I am never surprised when I get to interview for a listing owned by friends or neighbors of former clients.  That was the case with 12157 Millbill Court.  My foot got in the door thanks to the sellers of 12146 Millbill who I had helped sell in 2019.  What got me the job was my in depth knowledge of the neighborhood, recent experience selling a home on a similar lot at 12181 Cheshire and most importantly, my approach to looking at the numbers.  Apparently, out of three agents that were interviewed, I was the only one that gave the sellers a ball park of where their home would sell.

The home at 12157 Millbill, as you can tell by looking at the virtual tour by clicking the link above, was very nicely updated and sure to please a buyer.  Even though it was a drizzly, cloudy day when the photographer came out to the property, the home still showed beautifully.  It wasn’t a surprise when it got an offer the first day on the market.  A few days later and it had a total of three offers.

The owners had been following the estimated value of their home by frequenting sites like Zillow, Redfin and Realtor.com.  When we first met, they were convinced they would be overpriced to list higher than $525,000.  Those sites are so often so far off the mark it is silly.  In this case, they were low.  I was only able to get the sellers up to $537,500 when we did the listing paperwork.  Thankfully, right before we hit the market as a coming soon property, they saw what I had been seeing and decided my $549,000 suggest list price was not off base.

After those three offers, the sellers chose one of two nearly identical offers.  They chose a no down payment buyer with a stronger motivation to buy.  Someone relocating for a job.  It ended up being the absolute best choice.  Buyers were dropping out of deals once the pandemic really hit the U.S. and impacted the stock market.  My sellers’ deal, meanwhile, was solid.

Today, April 30th (2020,) 12157 Millbill went to settlement for $556,000.  Because of the competitive situation and well qualified buyers, they did not have to give a dime of closing cost help.

Despite the precautions in our market to stay at home due to COVID, many buyers are still looking for homes.  Interest rates are low and people need places to live, particularly the multitude of buyers who relocate to our area for work.  If you want to know how to safely sell your home while still maximizing profit, l can get you great results.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

 

 

Braemar Property Value Report: January-February 2020 (Heritage Series)

Braemar Property Value Report: January-February 2020 (Heritage Series)

Another day of self-isolation presents another fantastic opportunity to present another Braemar Property Value Report.  Of course, whether we are living in times of self-isolation or business as usual, this Top Braemar Real Estate Agent strives to get these reports to you every other month to keep you apprised of your Braemar home values.

Today’s report is focused on Heritage homes in Braemar.  Heritage homes are mid-sized single family homes, built by Brookfield Homes.  They have two car attached garages and include the following floor plans:  Exeter, Yardley, Zachery (a.k.a. Zurich) & Waverly.  The homes built by Coscan in Braemar North Gate are also included in this group, as they are similar in size.

There were five Heritage homes that sold during the current reporting period of January and February.  The details of those five sales are listed below:

Taking these five sales and adding them to the entire past twelve months of Braemar Heritage home sales, our updated six and twelve month data points are updated as shown below.

Looking first at the sold price column, we see a slight dip in both the six month average and median sold prices when compared to their twelve month respective values.  What gives me a bit of hope that this is not a trend is seeing that four of the five most recent sales are above both the six month values represented in the table.

Seller subsidy (closing cost help to buyers,) is trending up in the six month average and median values compared to their twelve month counterparts.  However, looking at the five most recent sales, two of the five gave no seller subsidy and one gave a lower amount to suggest it may have been a repair credit.  The remaining two gave very large amounts of seller subsidy.  These seller subsidy figures in our six month average and six month median values are still a lot lower than they could be.

Days on market shows increasing marketing times in the six month average and median values compared to their twelve month respective values.  And when looking to the five sales above, I am baffled by the thee sales above with 87 days to 140 days marketing time.  They were all regular sales, not foreclosures or short sales. They hit the market between July and September and all lowered their list prices before going under contract.  Someone unfamiliar with our market may look at these and think that the market is beginning to crash.  My experience as a Top Braemar Real Estate Agent gives me evidence over and over that marketing times like this should not be…at least not when you price your property correctly and marketing it professionally.  My most recent experience with a Braemar Heritage home at 12157 Millbill Court, backing to Linton Hall Road, was that my sellers got multiple offers during a few days on market.

If you placed your Braemar Heritage home on the market, priced to current conditions, you could expect it to be under contract in about a month.  You could also expect to pay under 1% of the sales price, on average, in seller subsidy.

A note about the current market in the age of COVID-19 is in order.  What we are living through in terms of crisis management to this pandemic is unprecedented.  And despite the fear of the known and unknown in this time, sellers are still putting their homes on the market and buyers are still looking for homes.  It is important to remember that our local market is experiencing tremendous demand, and will continue to, as a result of the Micron expansion in Manassas.  It is bringing more jobs to our local area than Amazon did!

The next Braemar Property Value Report will be out in May.  Until then, when the need or desire to sell arises, give me a call for the most thorough market analysis of our market and your home’s value in it.  My professional marketing will get you the most money for your home no matter what the market.   Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

 

 

Braemar Property Value Report: November-December 2019 (Ryan Homes)

Braemar Property Value Report: November-December 2019 (Ryan Homes)

As January draws to a close, I am here at my desk getting the last of the Braemar Property Value Reports, detailing sales from the last two months of 2019, published.  Today’s edition focuses on houses built by Ryan Homes in Braemar.

Between November and December 2019, there were three Ryan Homes that sold in Braemar.  Final sold prices ranged from $485,000 to $540,000.  The details of those three sales are listed below.

Taking all three of three Ryan Home sales and combining them with the entire year’s worth of Ryan Home sales from 2019, our six and twelve month data points are updated and give us the indicators as to what has been happening in our market.  Here is the updated six and twelve month snapshot:

Looking first at the sold price column, we see that both the six month average and six month median sold prices are higher than their respective twelve month values.  This means Ryan Homes have been pushing up in value in the last six months.

When it comes to seller subsidy (closing cost help to buyers,) we see another seller favored trend.  Both six month values are below their twelve month counterparts.  This means that in the last six months, buyers have been asking for less closing cost help.

Days on market (marketing time) shows a trend in the opposite direction.  Both the six month average and six month median marketing times are longer than the corresponding twelve month values.  This means it has been taking a little longer to sell Ryan Homes in the last six months of sales.

If you placed your Ryan Home on the market, priced to current conditions in Braemar, you could expect it to be under contract in about two to four weeks.   You could also expect to give less than 1% of the sales price in closing cost help to your buyer.

The next Braemar Property Value Report will be out in March.  Until then, if you have been thinking the spring 2020 market may be when you want to sell, know that real estate spring happens a lot sooner than Mother Nature’s spring.  Right now buyer demand is very high and we have little to nothing on the market.  Those are the conditions that are most seller favorable.  Give me a call and let’s talk timing, price and marketing to get you the absolute most the market will bear.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

 

 

Braemar Property Value Report: November-December 2019 (NV Homes)

Braemar Property Value Report: November-December 2019 (NV Homes)

Happy Monday!  This happens to be my favorite day of the week.  Of course, back to work is the association most folks have with Monday, and it’s no different for me.  I just happen to love my job as a Top Braemar Real Estate Agent.

Today I’m going to share with you the latest Braemar Property Value Report, focused on sales of houses built by NV Homes.  This edition focuses on the sales activity of NV Homes during the months of November and December 2019.

There was only one NV Home that sold during the last two months of 2019.  It sold for $560,000 and the detail of that sale is listed below.

Taking this sale and adding it to the entire year’s worth of NV Home sales from 2019, our six and twelve month data points are updated to reveal the following:

Let’s start by examining the sold price column.  The first thing I notice when I look here is that the six month average sold price is higher than the twelve month average sold price.  That alone would an indication that NV Home prices continue to increase in the more recent sales.  Then I notice that the six month median sold price and the twelve month median sold price are exactly the same.  This alone would indicate NV Home values are steady.  Finally, looking at the most recent sale of a large, three finished level NV Home at $560,000, which is below all the median and average sold prices…well that concerns me.  We’ll have to wait and see what our next report shows for value, but I feel safe calling them stable for now.

When it comes to seller subsidy, we see a good seller favored trend when we see that the six month average seller subsidy (closing cost assistance to buyers) is quite a chunk of change lower than the twelve month average seller subsidy.  Then again, we see that the six month median and twelve month median seller subsidy values are exactly the same.  So what how does the most recent sale compare with seller subsidy.  It’s seller subsidy was higher than any of the above.  Again, we’ll have to wait and see what our trend is.  Right now, we’ve got mixed messages.

Looking at days on market (marketing time) there is a definite trend.  Both the six month average and six month median marketing times are longer than their respective twelve month counterparts.  Our most recent sale on Island Fog also shows this to be true.  While the length of time it is taking to go under contract has increased, it is still not anything troubling.

If you placed your NV Home on the market, priced to current conditions in Braemar, you could expect it to be under contract in about three weeks.  You could also expect to pay about 1% of the sales price, maybe a little more, in closing cost help to your buyer.

The next Braemar Property Value Report will be out in March.  Until then, if you have been thinking that the 2020 spring market may be your time to list, the time to act is now.  Real estate spring is happening NOW.  It always happens earlier than Mother Nature’s spring.  Demand is high and our supply is pitifully low.  Give me a call and let’s talk timing, price and marketing.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Another Braemar Townhouse Sold by Chris Ann Cleland

Another Braemar Townhouse Sold by Chris Ann Cleland

On September 26th, this piggyback townhouse located at 13036 Bathgate Way hit the market priced at $355,000.  As the competition around this listing seemed to be languishing on the market and dropping their prices below where we were hitting, I had to wonder if we would be languishing too.  Not at all.  It was a delightful surprise to have two buyers with competing offers within four days. Who would have guessed there were multiple buyers who wanted a property like this, priced above its competitors, based on what we saw hitting the market?

Great results start with choosing the best agent for the job.  For this seller, and many other Braemar sellers, that is me.  I know how to market the various styles of homes in the neighborhood because I am familiar with all of them.  I have been a resident of the neighborhood since 2005, and I have served most of those years on an HOA board.  My slogan, No One Knows Braemar Better, is most definitely true.

Not only do I know the neighborhood and how to position the listings I have against their competition, I know how to market them professionally to get my sellers the maximum attention from online buyers.  Professional photography is a must, but so is preparation prior to photos.  That’s where my marketing skills come in handy, helping my sellers edit their “stuff” so their homes show in the absolute best light.  Any agent can take your listing, snap some photos and throw you in the MLS.  Professional marketing gets the best results.  You don’t put a listing up with the phrase, “Immaculately kept” and have towels in bathrooms look as though they were thrown from across the room to land haphazardly on the towel rack.  Attention to detail is critical for a listing agent.

Getting under contract quickly, and in an unexpected multiple offer situation, my Bathgate seller got terms that favored her.  The next hurdle was getting the home to appraise for the list price the buyer was willing to pay.  Remember, our competitors were dropping their prices to get noticed.  That’s not a environment that is easy to deal with come appraisal time.  As is my business practice, I met the appraiser at the property with information on the home, what set it apart from its competition and comparable sales that we had based our list price on.  Low and behold, we were through appraisal with no issue.

The only speed bump this sale hit was in the processing of the buyer’s grant from VHDA.  Our settlement date was delayed from Halloween to November 5th (2019.)  There is no escaping government bureaucracy, but a great agent keeps their client informed every day as to what is happening….even if that is nothing.

When you are ready to sell your Braemar home, remember that success starts with your choice of agent.  Your decision should be based on results and how the agent’s previous listings have been marketed and sold. Of course, an agent who can get you the best results is not going to be cheapest, but they will make you the most money.   Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

 

Link

Braemar Carriage Home SOLD… Again

Four years ago, September 29, 2015 to be exact, I sold the Norwood model at 13174 Kirkmichael Terrace Though the buyers that ended up purchasing the home did come through my open house, they had an agent that they were working with.  Even if they had not a buyer’s agent, my business practice is to NEVER do dual agency, which is representing both sides of the transaction.

In June this year (2019,) I was pleasantly surprised to get a call from those buyers that became the owners of 13174 Kirkmichael Terrace.  They were interested in selling and wanted to hire me.  They had been impressed with my professionalism during their purchase.  Staying in touch with my Braemar Property Value Reports was helpful, but what sealed the deal for my being their future listing agent happened at the closing table during their purchase of the home in 2015.  They recounted to me that when they were twenty dollars short to purchase a home warranty, and had no checks or cash to make it up, I reached into my wallet and handed the attorney a twenty dollar bill.   I don’t recall this gesture, but they will never forget.

Fast forward to the current listing, which I was thrilled to get.  They had certainly improved the home with granite counters, stainless appliances and lots of smaller updates to lighting and fixtures.  We looked at the comps and listed on June 15th for $435,000.  Our price was on the upper end of the comparable sales, but I don’t back down from the chance to sell for as much as possible.  That is my job.

The first two offers on the home were not bad, but were far from fantastic.  Being a sellers market, the sellers felt there were better offers ahead, so they passed..  The third offer was the charm and only took two weeks to come in.  The buyer gave the sellers what they wanted in price and what they needed in terms of closing date.  After all, the sellers were also going to be buyers and needed time to find a home.

This Norwood model at 13174 Kirmichael Terrace sold (again) for $437,000 on August 9th, 2019.   

If you have been wondering what your Braemar home is worth in the current market, give me a call.  Getting the market max for your Braemar home is what I do best.  Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 

Associate Broker-Licensed in VA

Long & Foster Real Estate

703-402-0037, ChrisAnn@LNF.com

www.SellingBraemar.com

www.UncompromisingValues.com

Braemar Open House: Saturday, June 16th (2018,) 1pm-3pm at 9826 Earls Ferry Circle

Braemar Open House: Saturday, June 16th (2018,) 1pm-3pm at 9826 Earls Ferry Circle

Even though 9826 Earls Ferry was just listed on June 12th (2018,) we’ve already got an offer.  Our first showing turned into an offer.  But there is so much interest in the home the sellers have decided to level the playing field and give as many interested buyers a chance as they can.

Stop by 9826 Earls Ferry Circle between 1pm-3pm on Saturday, June 16th for a last chance look at this home.  Offers are due 8pm that night, so come prepared.  Have your mortgage pre-approval, or proof of funds, ready to go.  You don’t want to have your offer nullified because you didn’t take care of that mortgage piece until after you found the home you wanted.  A seller’s market is no time to dilly dally.

This is most certainly going to be your last chance to see this home, if you haven’t seen it by now.  Stop by on Saturday and be ready to make an offer if this is the home for you.  And if you don’t have an agent, but want representation, let me know.  I’ve got agents standing by to help you out.  In the meantime, here’s a link to the virtual tour for as much of a tour as you can while sitting all comfy on your sofa.

For questions about this or any Braemar home, feel free to give me a call at 703-402-0037.  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

Braemar Townhouse Report: November-December 2017

Braemar Townhouse Report: November-December 2017

Probably the most concerning thing to a Braemar townhouse owner is trying to figure out who is the top Braemar real estate agent when it is time to sell.  A great place to start is finding one that knows the market, beyond cutting and pasting a market report that is so generic it applies as much to Sheffield Manor or Victory Lakes as much as it does to Braemar.  That’s certainly not my style.  Every two months, I’m here compiling the data for my Braemar Townhouse Report myself.  This particular report looks back to the sales activity to November and December.

For the purposes of this report, Braemar townhouses are not condos, patio homes or piggyback townhouses.  That means they are fee simple ownership, three level attached homes with back yards.  In other words, a traditional townhouse.

There were seven Braemar townhouses that sold in the last two months of 2017.  Their sold prices ranged from $277,128 to $354,900.  The details of each sale are listed below:

When we take these most recent Braemar townhouse sales and place them with our rolling six and twelve months values, what we find is the average sold price in the last six months is a little higher than that in the last twelve months.  However, the median sold price in the last six months is a little lower than that in the last twelve months.  A little high in one and a little low in the other is good indicator of stability in value.

Seller subsidy (closing cost assistance) is up in both the six month values compared to the twelve month values.  And marketing time (DOM) is up a bit in both the shorter term values compared to the longer term values.

If you were to place your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in a little over a week or two.  You could also expect to pay about 1.5% of the sales price in closing cost help to the buyer.

The next Braemar Townhouse Report will be out in March.  Until, feel free to call this top Braemar Real Estate Agent when you are ready to sell. 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