Dan Rochon – Greetings Virginia

Dan Rochon – Greetings Virginia

Dan and Traci Rochon with Keller Williams Realty is a full-service real estate sales company that helps clients in the Washington metro region buy and sell properties in all price ranges. The vast Keller Williams network allows our agents the opportunity to successfully complete hundreds of buying and selling transactions for our clients. As with any Keller Williams Realty office, our associates work their own way with their own clients, but we all come together to share our knowledge and resources.

Whether you are a “seasoned” home buyer or home seller or this is your first real estate transaction, all of our agents at Dan and Traci & Consultants with Keller Williams Realty are here to help you through this big step. Buying or selling a home can be very complicated and stressful, that’s why our agents are knowledgeable and have comprehensive training to help you with your real estate purchase and make it stress free as possible. We advocate for our real estate clients in Virginia, Maryland and Washington DC. The Virginia, Maryland, and Washington DC area has full of history and great properties to buy.

Contact Dan and Traci Rochon today to find out how our team can help you!

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Ways To Find Investment Properties

Ways To Find Investment Properties

If you really want the best offers in investment properties, you have to improve your possibilities by discovering more offers. Who is more likely to get an inexpensive residence, a trader that looks through the MLS listings and calls it a day, or the one that uses numerous resources?

1. Speak. Let people know you are looking and sometimes the properties will come to you. There are a lot of entrepreneurs out there who want to provide, but have not yet listed their residence.

2. Get online. Go to google to search for the kind of property you are looking for, along with the city you want to spend money on. You never know what you may discover.

3. Drive around looking for “For Sale By Owner” signs. Owners often don’t want to pay to keep the ad in the papers weekly, so you won’t see all the properties there.

4. Find abandoned properties. That’s a fairly obvious indication that the proprietor does not want to cope with the residence. He might offer low-cost.

5. Find old “For Rent” ads. Contact if they are a few weeks old. Property owners are often prepared to provide, especially if the have not yet leased the units out.

6. Talk to lenders. You might get a foreclosed-on investment properties less expensive if you buy it before they list it with a realtor.

7. Offer someone a finder’s fee. There are individuals that always seem to hear about the great offers. Have such individuals come to you.

8. Eviction notices. If your regional documents post eviction notices, or if you can get the details at the court, it can be useful. A property owner who just went through the procees of evicting renters is a likely supplier.

9. Old FSBO ads. If you ask for two-month-old “For sale By Owner” ads, and they have not marketed, they may be prepared to deal. Owners often quit the attempt, but still would really like to provide. Help them out!

10. Put an ad in the papers. “Looking for investment properties to buy,” might be adequate to produce a few phone calls.

 

 

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Pending Home Sales Hold Steady in September

Pending home sales rose slightly in September and are now above year-over-year levels for the first time in 11 months, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, inched  0.3 percent to 105.0 in September from 104.7 in August, and is now 1.0 percent higher than September 2013 (104.0). The index is above 100 for the fifth consecutive month and is at the second-highest level since last September.

Lawrence Yun, NAR chief economist, says moderating price growth and sustained inventory levels are keeping conditions favorable for buyers. “Housing supply for existing homes was up in September 6 percent from a year ago, which is preventing prices from rising at the accelerated clip seen earlier this year,” he said. “Additionally, the current spectacularly low mortgage rates should help more buyers reach the market.”

Despite improved housing conditions and low interest rates, tight credit conditions continue to be a barrier for some buyers. Of the reasons for not closing a sale, about 15 percent of Realtors®in September reported having clients who could not obtain financing as the reason for not closing1.

Yun says the final rule on Qualified Residential Mortgages should improve access to credit once it goes into effect next year. “The rule provides clarity for lenders and is a win for creditworthy consumers by ensuring they continue to have access to safe and affordable loan products without overly burdensome downpayment requirements,” he said.

The PHSI in the Northeast increased 1.2 percent to 87.5 in September, and is now 2.9 percent above a year ago. In the Midwest the index decreased 1.2 percent to 101.2 in September, and is now 4.0 percent below September 2013.

Pending home sales in the South increased 1.4 percent to an index of 118.5 in September, and is 1.7 percent above last September. The index in the West inched back 0.8 percent in September to 101.3, but is still 3.6 percent above a year ago.

Yun will present NAR’s 2015 economic outlook and forecast on Friday, Nov. 7 at the 2014 REALTORS® Conference & Expo in New Orleans. Federal Housing Finance Agency Director Mel Watt will join Yun to discuss his perspective on the current housing market, issues facing consumers and sustaining the ongoing housing market recovery.

For more information visit http://www.realtor.org.

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Kingstowne Tree Planting

Kingstowne Tree Planting

The summer is over, the kids are back in school, and soon our attention will return to our landscapes. Experts encourage the planting of deciduous trees (a tree that loses its leaves) in Kingstowne in the months of October, November, and December, so now is a great time to consider planting a new tree.

Consider the Location

Did you know there is a new amendment to the Landscaping and Tree Removal Guideline? This amendment allows for setbacks of trees off sidewalks, two feet for townhomes and five feet for single-family homes. This means that the tree you will be planting must be no closer than two feet or five feet from any sidewalk. Here are the suggested tree list to assist in determining the best tree for your situation in Kingstowne.

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Current Homes for Sale in Kingstowne

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Relocation: From ‘Once Was’ to ‘Now Is’

relocation_employee_mobilityKevin Kelleher, president and CEO of Cartus, addressed RISMedia’s Real Estate CEO Exchange in New York City on September 10, 2014. He has led Cartus throughout its growth and transformation from a predominantly U.S.-centric relocation firm into a global market leader in related HR and financial services. He spoke about corporate trends in employee mobility and their implications for residential real estate brokerages. Following, is a summary of his observations.

According to Kevin Kelleher, new business strategies are changing corporate staffing needs and posing new mobility risks and challenges—not only in whom to move and where, but also in meeting regulatory and risk management obligations:

  • Worldwide workforces – Many companies are redeploying their people globally (for example, one employing staff in over sixty countries).
  • Changing move types – Rather than making permanent transfers or long-term assignments, employers are more often using more flexible short-term and commuter solutions, even for global staffing needs. In the US, renters are more prevalent than ever.
  • Escalated compliance requirements – As nations intensify security rules and pursue new tax revenues through reporting and enforcement, employers must navigate complex visa/immigration, data security and tax rules at risk of severe non-compliance penalties.
  • Contingency planning – Facing volatile geopolitical and environmental conditions, companies are investing heavily in Disaster Recovery and Business Continuity preparedness, through technology redundancies and other infrastructure needs of critical functions.

These changes are affecting companies’ buying choices for mobility services. Some selection criteria have been given elevated importance, particularly: Quality (People and Service), Cultural Fit/Partnership, Reliability/Execution, Value and Stability. Buyers have enlarged the scope of outsourced mobility services, often requiring an international footprint and many more administrative, accounting/tax and multi-policy services. Even their buying processes have changed under Procurement/Sourcing’s control, with an accelerated RFP cycle, much deeper questioning and an emphasis shift toward cost, risk management, social/ethical concerns, supply chain management and quality assurance.

Employers’ Relocation Policy changes have had an insidious negative effect on transaction volume available to real estate brokers. The higher proportion of short-term assignments precludes many home sales because people keep their original homes for their return. The proliferation of tiered policies scales real estate assistance by job grade or salary, and only the higher tiers receive the traditional full real estate assistance for home disposition and purchase. Renters or small-household relocations have increased in proportion, in part, because their costs are lower and they can better afford to move with only limited company assistance. Fewer homeowners are electing to sell and buy because of eroded equity in their departure homes and more stringent financing rules on purchases. All told, U.S. Home Ownership is at its lowest rate in almost 19 years at 64.8 percent of households (Q1, 2014).

Still playing out is the influence of generational change in the workplace. As Baby Boomers are giving way to the Gen X/Gen Y/Millennials, we seem to be seeing a redefinition of connectivity and community, toward a less rooted population, which—while highly mobile—may not value homeownership to the same degree. The convergence of business climate, demographics and attitudinal change is signaling a permanent drop in the conventional relocation volume of transferred suburban homeowners that were once the coin of the realm for the relocation management industry and its real estate broker partners.

Kelleher encouraged the attending real estate industry leaders to consider how these changes will affect them. He calls for us to recognize the emerging new customer populations and to adapt and create services to attract and support them in partnership with relocation management companies worldwide.

John Sculley can be reached at johnsculley@rismedia.com.

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Kingstowne Wine & Dessert Tasting

Kingstowne Wine & Dessert Tasting

wineThis Kingstowne Wine & Dessert Tasting includes five mouthwatering wines paired with desserts and savory bites from Sweet Therapy. Wine by the glass will also be available for purchase at the event. Join your neighbors and friends for a fun night out!

This event will be 7-9 P.M., Friday, November 14, at the Thompson Center Ballroom. Cost is $25 per person. Please purchase your tickets at the Thompson Center and make checks payable to Sweet Therapy LLC. This event is for adults 21 and older.

Kingstowne – Suburb in Virginia

Current Homes for Sale in Kingstowne

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