When detached houses increase in value, condos in the same area, will NOT be far behind. Big bank lenders continue to be too conservative! We've seen large banks mix appraisals to the point of absurdity. Smaller mortgage institutions have helped the majority of Parkfairfax home owners to buy and re-finance in 2011. Please call The johnANDjohn TEAM for those lenders who know Parkfairfax and our models differences. They think Parkfairfax's location & condition merit loans.
Renovated models (of any dead president) were in highest demand in 2011. Washington Models (2 levels with patio) continued to be buyers' favorite; while 1 bedroom homes on the patio level came in 2nd place. They cost more in today's market; and they sell for more.
Many of you want to move to detached houses; but you owe more than the current value of your Parkfairfax home. A detached house will cost considerably less in early 2012. If you have or can get the cash to make your move now; this should be what you do. If not, we can find a qualified tenant (quickly) that will help pay your mortgage. You can now, move on!
Your condo fee on your Parkairfax property, your taxes, & mortgage are tax deductible (contact a tax professional). Take advantage of these tax savings while you can. There are political types that want to "do away" with this privilege.
Happy New Year. As Realtors with experience, knowledge and great RESULTS in DC and Northern Virginia, please continue to refer The johnANDjohn TEAM to your friends, relatives and co-workers who want to buy or sell. We want health, happiness and prosperity for you in 2012 and beyond.
