This a great time for buyers to invest in their first home or to purchase additional properties such as foreclosures as investments. Prices are back to where they were in 2004 and with interest rates at record lows -this is the time to buy! Plus, first time homebuyers can deduct a $7000 tax credit if they purchase by July of 2009! A lot of buyers are still leaning toward FHA or VA loans rather than conventional financing which requires a hefty down payment and tops out at $417,000. There are really no more Jumbo loans available. FHA will be accepting contract sales prices of up to $625,000 in the Washington area starting in 2009. So, all things considered it is still a buyers market and an outstanding time to move up to a larger home or purchase your first home.
Location Characteristics: Burke Centre, a part of Fairfax County, is a beautiful 1,700 acre Planned Residential Community (PRC) located in Burke, Virginia. This premier community consists of 5,862 homes including single family detached units, townhouses, condominiums, co-ops, duplexes and quads. The Burke Centre PRC is managed by the Burke Centre Conservancy Home Owners Association (HOA) where an on-site staff assists residents with the benefits and services available to community residents and members.
About Cheryl Shier:
Success is not measured in dollars, but in the satisfied clients I have obtained over the years. Hard work, fun and a thorough knowledge of real estate in Northern Virginia has guaranteed a happy home buying and selling experience for my customers. Let me assist you in finding or selling your home - contact me at (703) 980-2054 or email me at cheryl.shier@mris.com
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
