Homes for Sale, Investing, Real Estate, The Market

Internet Home Valuations…fact or fiction?

Margin of error-visual
Image via Wikipedia

I can’t tell you how often I hear people talk about what they want to offer on a home or what they want to sell their home for based on a website like zillow.com’s home value tool.  Unfortunately, these sites are notorious for giving inaccurate information regarding home values and have actually been reprimanded over it. They now have to disclose their margin of error on their site.  There is of course no “exact science” to pricing and appraising a home; however those sites are not able to take into account market trends, differences in homes such as upgrades, the difference between foreclosures/short sales vs. regular sales (and if they constitute the “norm” in a particular area), specific locality factors, etc that only a human would be able to do.  It can’t pick and choose the correct comps like a human would be able to do, it just pulls everything in a specific mile radius that has the same bedrooms and bathrooms which is wildly inaccurate especially in areas like ours (Northern VA and DC) where home values often vary between neighborhoods and even between streets within a very small vicinity.  Only a person who is familiar with an area can actually evaluate the comps on a more granular level and help you determine a range for an appropriate offering or listing price.  People are not perfect either but are at least able to analyze the data with a more keen understanding of the local market area and the variables that affect a particular home’s value.

A client of mine actually recently sent me a this article and (believe it or not) it supports my point :).  I found it pretty interesting…view it HERE

Happy house hunting or selling!

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Alexandria VA Open House–Sunday, 11/13/11, 1-4pm–4BR, 3BA–Must See!

8230 RIVERSIDE RD
Alexandria, VA 22308 

4 BR, 3 Full Bath single family home.  Beautifully renovated kitchen and updated baths.  Large level back yard with trek deck off the kitchen.  Separate dining room and breakfast area in kitchen.  Large lower level family room with in-law suite.  New windows and washer/dryer. 3 blocks to popular Stratford Landing school, close to Ft Belvoir, Mt. Vernon, Old Town and easy commute to DC.  A must see!  To view more photos and info, visit: http://www.kfoleyhomes.com.z57preview.com/DC_metro__Alexandria_VA_listings/9537E5FA-D813-0E0D-010F824DEE85D0F5.shtml

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Washington DC Open House-Chevy Chase-Sunday, October 30, 2011, 1-4pm

2908 LEGATION ST NW, WASHINGTON, DC 20015

4 br, 2.5 bath Cape Cod in sought after Chevy Chase.  This home sits on a quiet residential street, boasts an open floor plan, spacious living room with fireplace, airy sunroom, renovated kitchen with breakfast bar, finished lower level perfect for an in-law suite, and private hot tub just outside the back door. Close to Metro, Garage Parking and long driveway!  Metro Bus stops & shops/restaurants of Connecticut. Ave.

Come visit!

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Alexandria VA-OPEN HOUSE, Sun. 9/11/11, 1pm-4pm

2181 Jamieson Ave, #402, Alexandria, VA 22314

This charming 2 BR/ 2 BA unit is located in the luxury condo community of Carlyle Towers; steps to King St Metro, Old Town, Whole Foods, Patent & Trademark Office, AMC Theater, Starbucks and more. Conveniently positioned to easily access roof-top amenities of the community, this unit boasts fresh neutral paint, stainless appl, high ceilings, addtn’l storage unit & assigned gar parking included.

For more Info and Photos, visit: http://kfoleyhomes.com/DC_metro__Alexandria_VA_listings/22A8D718-9AA0-9F73-6E776E7289A9C4E0.shtml

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Old Town-Alexandria,VA Open House-Sunday, July 24 2011, 1pm-4pm

 

 

 

 

 

901 ORONOCO ST
Alexandria, VA 22314

2 BR/1.5 Bath home w/open floor plan tastefully appointed and renovated  w/ a wonderful blend of old & new. LR with brick hearth fireplace & gourmet eat-in kit w/custom cab. French doors open to a secluded garden w/ slate patio. Third level loft is ideal for guest suite, den or office. Ample storage, rich hard wood floors, OFF ST. PARKING & Home Warranty Included. Blocks to METRO, shops & restaurants.

Click here for more info

Homes for Sale, open houses, Real Estate, Things to Do

Alexandria VA OPEN HOUSE-Sunday, June 5, 2011 from 1pm-4pm

5144 Woodmire Ln, Alexandria, VA. 22311

BRAND NEW LISTING!!! New kitchen includes new appl, flooring and the most beautiful granite ever seen! New carpet, paint, lighting. ALL baths updated with new fixtures, mirror and lighting. New box bay windows, new atrium door. Crown molding. Delightful patio opens to common grounds. Casablanca fans. Hunter Douglas shades.AND New roof. Backs to COMMON area.Near the new BRAC-133, metrobus access, interstate and more….Click Here for more photos and information!

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Open House in Cleveland Park (Washington DC), Sunday-May 22, 2011 (1pm-4pm)

3701 Connecticut Ave NW, #416, Washington DC 20008

Urban lovers’ dream! Spacious 1BR/1BA condo in Forrest Hills Condo Community…in the heart of Cleveland Pk. Amazing renovations include granite counters, stainless appliances, gleaming parquet floors, beautifully restained interior doors, and updated bath. Tons of Storage and large master bedroom. Move-in ready! Just a 1/2 block to metro and shops/restaurants. Building has all new systems…all utilities included in Condo Fees!

Click HERE for more info!

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Alexandria/Fairfax County Open House-Sunday, May 1, 2011/1-4pm

1605 MASON HILL DR
Alexandria, VA 22307 
5 Bedroom, 3 Bath BRICK MASON HILL HOME WITH 2-CAR GAR AND LONG DRIVE. UNIQUE COURTYARD ENTRANCE SPACIOUS DECK WITH ACCESS FROM LIVING ROOM,DINING ROOM  & KITCHEN. PROFESSIONAL LANDSCAPING W/ NATURAL POND & SPRINKLER SYSTEM. SEPARATE GUEST AREA ON LOWER LEVEL  ATTIC STORAGE & HOUSE FAN.

Total Living Square Feet: 3360 with Lower Level Walk-Out to large brick patio

For more info visit: www.kfoleyhomes.com/mason hill

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Alexandria VA Open House…steps to Shirlington…Sunday March 27, 1-4pm!

3777 GUNSTON RD #541, Alexandria VA 22302

Fantastic 2-lvl, end-unit in the great community of Parkfairfax. High-end SS appliances,granite,tiled floor/backsplash. Crown molding/ recessed lighting. Solid wood doors, gleaming parquet floors and literally just steps to the Shirlington Footbridge & Metro bus!!! Overlooks gorgeous park-like courtyard! Washer/Dryer in unit.  Community has amenities such as: Pool, Tennis Courts, Rec Facility, Tot-lot/playground, grilling areas and courtyards.  Easy access to I-395 and just steps to the Shirlington Footbridge and metrobus.