Best time for D.C. homeowners to sell; Reston students celebrate art and creativity

Local Real Estate News
A recent post by Curbed D.C. suggests that homeowners looking to sell should put their home on the market one month earlier than the national average for the best results.

In D.C. proper, put your house on the market between April 16 to 30. During this time frame, listings sell an average of 18.5 days faster and 1 percent higher. Nationally, the best time to sell a home is between May 1 and May 15, according to a new analysis from Zillow.

Zillow said that D.C.’s earlier “best sell date” is due to distinct climate changes in the area. If sellers follow Zillow’s advice, their listing will most likely sell 18 days faster and 1.1 percent higher.

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Virginia No. 10 for retirement; Lucky Leprechaun 5K on March 12

Virginia_Retirement
Photo credit McEnearney Associates

For some, retirement is just the next chapter of life — an empty nest and the opportunity to relocate to a place filled with sun, sand and warm breezes. However for others, relocating to warmer climates can make retirement a bit challenging especially if leaving family, friends, the beauty of four seasons and making ends meet on a strictly fixed income.

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Lessons from a lender: Credit score advice

credit score
Image credit McEnearney Associates

One of the most important aspects in the “underwriting triangle” is the credit score. Not only is credit elemental to the loan approval, but also has an impact on the monthly payment. Of the three critical underwriting elements and aside from the down payment, credit (typically calculated using the FICO scoring models) is the only one for which pricing adjustments are made as the variable changes.

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When Zillow’s CEO listed his own home, did the “Zestimate” matter?

zillow ceo
Image credit McEnearney Associates

No, it didn’t. A home in Seattle owned by Zillow’s CEO Spencer Rascoff tells us all we need to know about the accuracy of the computer-generated estimates of value that Zillow creates.

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5 Least expensive homes in Reston; Hospital tours and HS student job fair

Here are the five least expensive options for buyers to become homeowners in Reston.

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2313 Freetown Ct., #2B — This 2 bedroom, 1 bathroom basement condo unit in Glenvale offers 884 square feet of living space. Built in 1973, the development offers on-site parking (unassigned), in-unit washer/dryer. The condo fees ($330/month) cover water, reserve funds, lawn care, heat, gas and trash removal. Listed at $155,000.

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Schools in Fairfax County get a much-needed financial lift

Fairfax_Schools_Financial_Lift
Image courtesy McEnearney Associates

The Fairfax County School Board recently signed off on a deal that will give the county’s education system an extra boost over the next few years.

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