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Just Listed in Alexandria

Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates REALTORS®.

Welcome Back!

Jen Walker here with The Jen Walker Team! We are a real estate group based out of Alexandria, Virginia. I, along with my rock-star team members, Sue Kovalsky,  Micki MacNaughton, and Adrianna Vallario, have more than 35 years of experience in real estate and sold over $175 million in 2021.

204 Macarthur Road

Click here for Just Listed properties in Alexandria and call The Jen Walker Team to schedule a home tour at 703-675-1566 or email [email protected].

Happy House Hunting!

In our highly competitive Alexandria market, the Jen Walker Team has the insider knowledge to connect you with homes that are not even public yet. With more than 35 years of experience, the Jen Walker Team has the expertise to answer questions, calm fears and streamline your transaction. Want to see other homes not featured in this article? Contact our team today!

Please note: While The Jen Walker Team provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314 #WeAreAlexandria

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This week’s Q&A column is sponsored and written by Lisa Groover with McEnearney Associates Realtors®, the leading real estate firm in Alexandria. To learn more about this article and relevant Alexandria market news, contact Lisa at 703.919.4426 or email [email protected] You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: What sort of previous experience do I need to become a real estate agent?

Answer: I knew I wanted to be in real estate when I was in college, and a young agent was extremely uncommon. For that reason, I went into the hotel business, was a meeting planner, and sold promotional products before I started my fourth career.

Now, we are seeing new agents right out of school (or soon thereafter) — especially when other members of their family are in the industry. I am thrilled to have been contacted by a senior from Alexandria City High School who wanted to intern with an agent as part of her Senior Experience. She will be heading off to Virginia Tech in the fall to major in Environmental Economics; however, as one of her first careers, she would like to take part in real estate.

We have attended McEnearney’s business meetings, training sessions, open houses, closings, and she even already met with our recruiter!

According to Effirata Berasu, “Working with Lisa has been the best experience to learn about the world of real estate!”

Quite a few agents are like me in that they have been in one or more fields prior to entering real estate. I always like to ask my fellow agents what they did before they got into the business. In addition to previous sales roles, you would be surprised at some of the other answers, such as bankers, attorneys, teachers, nurses, photographers, writers, engineers, interior designers, construction contractors, home inspectors, technology fields, landscapers, and so many more.

For me, my previous experience taught me to be a collaborator, a good listener, a creative resource, and a detail-oriented professional. Others bring skills from their former lives that they continue to use, allowing for the right agent for everyone.

Since buying or selling a house can be extremely stressful, it is important to work with someone that is the right fit for you and your lifestyle or personality. Select an agent that makes you feel comfortable.

We just had a workshop on different personality styles and how they work with other similar or entirely different types of people. It was interesting to identify the traits for the “power,” “party,” “peace,” and “perfection” categories. Are they risk takers that are more bottom-line oriented? Or people that don’t like change and, therefore, are slower in making decisions? Do they rely on the present, future, or need information from the past to establish their next steps? Is data a key factor, or do they count on a gut reaction?

I love the testimonial from a client that chose to work with me after interviewing several other agents.

“Lisa is a joy to work with and is highly flexible and collaborative. Her ability to use the latest marketing technology effectively brought us a buyer in two days. Her warm personality and excellent interpersonal skills turned a stressful time into a truly enjoyable experience. Our thanks and appreciation for Lisa as a partner in selling our home in Old Town Alexandria.” – Jasper Womach and Marilynne Black

When people ask me how they can get started, I share my personal experience. Before I was licensed, I went to 5-10 open houses every weekend to learn about neighborhoods, price ranges, home styles, staging, and how the agents interacted with the attendees. When I became an agent, I worked 39 out of 52 weekends holding open houses for other agents until I established my own listings. In addition to the post-licensing education that is required once you pass your test and “hang” your license with a firm, I did my best to attend as many workshops and training sessions as possible in order to hit the ground running. Having a designated McEnearney mentor for my first 6 months allowed me to gain real-life knowledge from an extremely experienced and well-respected agent. We continue to collaborate and even share a storage unit for our staging items.

My best advice for a new agent is to ask questions!

Good luck!

If you would like a question answered in our weekly column or to set up an appointment with one of our Associates, please email: [email protected] or call 703.549.9292

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314. www.McEnearney.com Equal Housing Opportunity. #WeAreAlexandria

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Address: 410 Prince Street
Neighborhood: Old Town Alexandria
Listed: $3,195,000

Built in 1800, this detached, Victorian masterpiece is located on a picturesque street in the heart of Old Town Alexandria.

The classic vestibule entry welcomes you into a spacious foyer and sitting room with access to the lovely, screened porch. Generously sized living and dining rooms adorn the front of the home are perfect for entertaining or casual enjoyment.

A half bath, wet bar and coat closet and are discreetly tucked away beyond the formal living spaces. The back of the house offers a family room, kitchen and sunroom or breakfast room perfect for practical everyday use. The upper level encompasses 4 bedrooms, 3 en suite baths, a den, an office and a chic laundry room.

The finished lower level is a bonus recreation room or gym with additional storage. Access the beautiful private garden from the back alley, side gate, family room or breakfast room. Leave your car at home in the off-street parking space and enjoy walking to all the delights of Old Town.

Located steps from the Mt. Vernon Trail, the Potomac River, shops and restaurants, with easy access to National Airport, Metro, Amazon HQ2 and commuter routes this is a one-of-a-kind home not to be missed!

Listed by:
Lauren Bishop
McEnearney Associates, Realtors
202.361.5079
[email protected]
LaurenBishopHomes.com

Just Listed in Alexandria

Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates REALTORS®.

Welcome Back!

Jen Walker here with The Jen Walker Team! We are a real estate group based out of Alexandria, Virginia. I, along with my rock-star team members, Sue Kovalsky,  Micki MacNaughton, and Adrianna Vallario, have more than 35 years of experience in real estate and sold over $175 million in 2021.

Detached home with nearly 3500 square feet of living space in the heart of Alexandria City! Featuring 4 bedrooms and 3 full bathrooms, you do not want to miss this spectacular home.

Enter through the two car garage into the spacious kitchen (a formal front door is located at the home’s entry, and flows into the open and welcoming foyer). With a bay window and space for a breakfast table, you will enjoy your morning coffee while the sunlight streams in! The kitchen easily flows into the oversized dining room — a great space for everyday meals or for holiday gatherings! Speaking of gatherings, the large living room with custom mirror and gas fireplace is the perfect space for hosting get-togethers or relaxing in the evenings.

Head down the hall to three bedrooms and two baths. The primary suite is a true retreat with an ensuite bathroom, large sitting room and loads of closet space! Two additional bedrooms and a full bath round out the main level with an attic (pull down stairs!) for easy storage. On the lower level you will find a real escape!

The walkout basement includes a recreation room with gas fireplace, a game/bar area with custom built bar, a huge laundry room, storage (extra refrigerator and ice maker!), and a fourth bedroom with full bath. The recreation room opens to a large, covered porch with ample space for reading, working from home, dinners al fresco and more. Enjoy the gorgeous yard (almost 15,000 square foot lot!) filled with peonies, hosta, hydrangeas and azaleas.

Located on a cul-de-sac, this home and location cannot be beat. Close to 395, Del Ray and Old Town, you will love living here. Welcome Home!

4301 Ivanhoe Place, Alexandria, VA 22304Jen Walker Team
Open House: Saturday, May 21 from 12-2 p.m.

Click here for Just Listed properties in Alexandria and call The Jen Walker Team to schedule a home tour at 703-675-1566 or email [email protected].

Happy House Hunting!

In our highly competitive Alexandria market, the Jen Walker Team has the insider knowledge to connect you with homes that are not even public yet. With more than 35 years of experience, the Jen Walker Team has the expertise to answer questions, calm fears and streamline your transaction. Want to see other homes not featured in this article? Contact our team today!

Please note: While The Jen Walker Team provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314 #WeAreAlexandria

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This week’s Q&A column is sponsored and written by Rebecca McCullough with McEnearney Associates Realtors®, the leading real estate firm in Alexandria. To learn more about this article and relevant Alexandria market news, contact Rebecca McCullough at 571-384-0941 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

While I am not an economist, as a Realtor, part of my job is to stay on top of understanding our economy, what interest rates are doing, and how they are affecting our market.

We have been on a wild ride with interest rates historically low for the past couple of years, driving buyer demand and resulting in a shortage of homes on the market. Sellers have been basking in escalated sales prices, earning deep pocket returns on their investments.

We have been at historically low rates for so long now, it’s easy to think that it’s the norm and will last. This is especially true for first-time home buyers. Many buyers want to hope that they will come back down again, and as they wait, interest rates may creep back up to the six or seven percent range, before the fall again.

Because of these factors and more, some would-be buyers still believe the current market is a bubble, and that home prices “won’t stay this high.” While unlikely, it’s certainly tempting to hope that interest rates will “come down again,” and “home prices will come back to ‘normal.'”

On May 4, 2022, the Fed announced another rate increase — the highest single increase in the past two decades. This disappointed a lot of buyers who witnessed their purchasing power decrease, all while properties in Northern Virginia are still experiencing strong demand, so prices are not dropping.

In this market, we have to be conscious to distinguish between national statistics and local happenings. Northern Virginia (NOVA) will continue to experience business development and growth over the next decade. Yes, inflation is rising as are interest rates, and although it may soften the market, it isn’t going to make buying houses any less expensive any time soon, in my opinion.

I believe NOVA should expect the market to become a little more balanced. I do not expect a “buyers’ market” any time soon, however. Here are a few factors driving that view:

  • New builds are still way down. We have a 5 million homes shortage in the U.S. and demand still outstrips supply in NOVA.
  • Supply chain woes and labor shortages. Building new homes is taking longer.
  • More subtle, but putting on constraint on supply is that many current homeowners have little incentive to move. Getting a new mortgage at a higher rate is not motivating, and the same supply constraints impact them.

Sellers will likely remain in the power position for quite some time. What will happen with interest rates? Good question — I don’t think even the experts know.

In reality, trying to time the market is very difficult. Wishing for factors to change in your favor may leave you delayed in owning your home for far longer than anticipated, or at a higher cost than anticipated.

After ten years in this industry, my advice is to buy when you need or truly want to move, and buy a home that you can afford. What you can afford is determined by a combination of these factors:

  • Your down payment
  • Sale price of the home
  • Interest rate you can secure
  • Monthly payment you can afford and feel comfortable with

Lenders often surprise borrowers as to how much they can borrow. It is often more than they expect. But is that the same as what they can afford? I always recommend that my buyers determine a few factors on their own, including: how much disposable income you need and like to have each month, and what does your monthly mortgage payment need to be in order for you to live comfortably? Don’t be persuaded by what you “can” do in lender’s terms and take on more than you “want” to do and can feel good about.

Buyers truly need to understand their needs. Your next house doesn’t have to be your forever home but may be a step in that journey. So, consider buying a little smaller now if it’s a neighborhood you love. Buy a house that needs some work. Invest in the house so you can get a little or low return on your investment, then move somewhere down the road into your next home. It’s a lot more common these days to own more than 1-2 homes in a lifetime. Hey, I’m on number nine!

Rebecca McCullough is a licensed real estate agent in Virginia with McEnearney Associates, Inc. in Old Town Alexandria, VA. If you would like more information on selling or buying in today’s complex market, contact Rebecca at 571-384-0941 or visit her website RebeccaMcCullough.com.

If you would like a question answered in our weekly column or to set up an appointment with one of our Associates, please email: [email protected] or call 703-549-9292.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314. www.McEnearney.com Equal Housing Opportunity. #WeAreAlexandria

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Just Listed in Alexandria

Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates REALTORS®.

Welcome Back!

Jen Walker here with The Jen Walker Team! We are a real estate group based out of Alexandria, Virginia. I, along with my rock-star team members, Sue Kovalsky, Micki MacNaughton, and Adrianna Vallario, have more than 35 years of experience in real estate and sold over $175 million in 2021.

2724 Hemlock Avenue, Alexandria, VA 22305Jen Walker Team

Fabulous 3 bedroom, 2.5 bathroom, detached home in Del Ray! Located on a dead-end street, you don’t want to miss this one. Enter into the foyer with convenient coat closet and a half bath and head to the large living room with wood burning fireplace. This room flows easily into a huge dining room with ample space for entertaining or enjoying daily family meals. The kitchen is adjacent to the dining room and offers loads of cabinetry and great counter space, making meal prep a breeze.

Head outside through the kitchen to the private, flat backyard. Upstairs, you will find three very generously-sized bedrooms and a full bathroom with two sinks. Need more storage — the attic with pull-down stairs allows for plenty of overflow storage! The lower level has a great family room with built-ins, an additional full bathroom and laundry/storage space. Park in the driveway and walk to all that Del Ray has to offer — you cannot beat this location! Photos coming soon!

403 E Nelson Avenue E, #A, Alexandria, VA 22301 Jen Walker Team

Looking for a move-in ready Del Ray home with space for everyone, storage galore and a garage? This is the one! Beautiful end unit townhouse features three levels of living space in the perfect location right off “The Avenue!”

Enter through the front door or garage to the main level, where you will find a large foyer. Drop your bags and head into the family room. The world is your oyster — this spacious room could also be used as a home office, gym, bedroom or playroom (easy to run in and out with walk-out access to the yard). With a full bathroom, this space can easily double as a guest or in-law suite. Laundry can also be found on this level. Head upstairs, and you will find an open and airy floor plan with living room, dining room and updated kitchen. This level has a great flow, and is perfect for daily living or entertaining. The living room is spacious and features a gas fireplace, and the dining room has plenty of room for hosting!

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Address: 225 N. West Street
Neighborhood: Parker Gray
Listed: $1,049,500
Open: Thursday, May 12 from 5-7 p.m.

If you’re looking for an updated modern home with the charm of Old Town, look no further. This detached row home was completely renovated in 2020. The exterior features original wood siding and the traditional look of a historic home, while the interior has an open floor plan, new flooring and updated hardware throughout.

The main floor includes a living room and large hallway with a powder room, which opens to the dining area and kitchen. The kitchen features black stainless-steel appliances, a hooded range and updated quartz countertops with a large island perfect for entertaining guests.

The second floor has 3 bedrooms and 2 full bathrooms, as well as a laundry area. The primary bedroom has a walk-in closet and en-suite bathroom complete with a walk-in shower with newly tiled walls and floor. A large and beautifully landscaped backyard has natural tree cover for shade and a built-in fire-pit area with overhead lighting and a large patio for entertaining. A shed provides storage for landscaping tools and for garbage containers.

It is located only a block and a half from King St. and less than a mile from the waterfront and is only ½ mile from both the Braddock Rd. and King St. metro stations.

Listed by:
Erica Gray
Samson Properties
(571) 302-6276
[email protected]
https://bit.ly/3ytKjZG

Neighborhood Spotlight is a recurring column covering both the City of Alexandria and Alexandria in Fairfax County. This monthly column is sponsored and written by the Seward Group of TTR Sotheby’s International Realty.

We love Old Town for the history, the architecture, and the amazing waterfront.

But did you know that Old Town is a trivia night destination too? Now that the weather is nice, get out and test your trivia knowledge! (Use your Jeopardy skills!) Here are some fun places that offer in person trivial pursuits in Old Town. We hope to see you there!

  • Mason Social — Sunday at 6 p.m. (728 North Henry Street)
    Enjoy modern American cuisine at this chef-driven neighborhood restaurant in the thriving Parker-Gray district. The focus of this restaurant is locally sourced food, beer, and craft cocktails.
  • Del Ray Pizza — Monday at 7 p.m. (2218 Mount Vernon Avenue)
    Great food. Good beer. Fun people. You’ve found the right place! Make your reservations online to enjoy the fun.
  • Murphy’s – A Grand Irish Pub — Tuesday at 8:15 p.m. (713 King Street)
    Your home away from home for an Authentic Irish Pub. Tuesdays you can enjoy ½ price burgers from 4-9 p.m., so get there early and stay all night.
  • Hops & Shine — Wednesday at 7 p.m. (3410 Mount Vernon Avenue)
    What’s better than beer, bites and moonshine? Awesome wings, loaded grilled cheese sandwiches and artisan dogs are what make them shine!
  • The Light Horse — Wednesday at 6 p.m. (715 King Street)
    Great food, drinks, live music, your favorite NFL and College Team, games and a great time are what you can expect from this local American gastropub and bar.
  • Aslin Beer Company — Thursday at 7 p.m. (847 South Pickett Street)
    From ales, to sours to those hefty DIPAs, Aslin Beer Co. invites you to dive in, the lager’s fine. Redefining American beer culture, reeducating palates and reviving the passion for really good beer.
  • Village Brauhaus — Thursdays 7:30 p.m. (710 King Street)
    Great Food. Great Beer. Great Times. German and Austrian bier hall located in the heart of Old Town serving the most delicious German and Austrian imported beers, along side of schnitzel, sausages and of course giant Bavarian pretzels!

If you, a friend, or family member is thinking about buying or selling their home, we would be honored to help. Email us at [email protected], call 703-298-0562 or visit The Seward Group website to set up an appointment with one of our agents.

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This week’s Q&A column is sponsored and written by Hope Peele of The Peele Group and McEnearney Associates Realtors®, the leading real estate firm in Alexandria. To learn more about this article and relevant Alexandria market news, contact The Peele Group at 703-244-6115 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: What’s a silly question when it comes to real estate?

Answer: “I have a silly question” is something that I hear far too frequently and is usually followed by a question that I’ve been asked before and isn’t silly at all. Frankly, in my opinion, there are no silly questions.

Before I went full-time into real estate, I taught health to 6-12th graders. Like real estate, the stakes were pretty high if questions went unasked. Believe me when I reiterate my opinion that there are NO silly questions. If there is something that you want to know about one of the largest purchases you will likely make, don’t be afraid to ask!

In the meantime though, here are a few of the most commonly asked “silly” questions that I get ALL the time!

What is the difference between settlement and closing? A.K.A what does *this word* mean?

Actually, they are the same. When a buyer agrees upon a settlement or closing date in their offer, it’s important to understand that this is the date that you will purchase your new home and that funds will be due.

Let’s be honest, no one likes to stop a conversation to ask what a word means. But in any industry, there are terms that professionals can sometimes take for granted that those outside of the industry will know what they mean. If a buyer or seller and their agent are not on the same page in terms of language, then mistakes and miscommunications are bound to happen.

For example, many people hear the term “in escrow” on TV and in movies and are looking forward to this step so that they can finally tell the world that they are onto the next step in their lives!

However, in my experience, most agents in this area use the terminology “under contract” to describe when an offer is accepted and the buyer has put money down towards their new home. In reality, a person isn’t “in escrow” — their money is. We describe “in escrow” as the place where money is kept safe until the home closes or –in the case of buyer default — some of it may go to the seller. This is just a small differentiation, but if a buyer is expecting to go “in escrow,” and their agent says they are “under contract,” there may be some confusion. It is important to remember to always ask what terms mean. This is not a silly question!

How long will the sale process take?

Of course, this is different for everyone, but there are general timelines you can look to when buying or selling a home. The typical time from contract to settlement has usually been 30 days.

For a buyer, it’s important for your realtor to discuss the seller’s preferences with their realtor. They may want a quick settlement, or if they need to stay in the home for a while, a later settlement may make more sense.

Most sellers will want a quick settlement so that they receive their money earlier. However, every situation is different.

A buyer will need to give an Earnest Money Deposit within the timeframe they have committed to in the contract. This is usually 3 to 5 days after the contract is ratified. It will then go towards the total of the costs needed at settlement. The day before settlement, they should submit the rest of the money due, including any additional closing costs, less the deposit they’ve already paid. Many settlement companies now will allow for a mobile deposit-for all of the funds to be paid securely online before you even sit at the settlement table.

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Just Listed in Alexandria

Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates REALTORS®.

Welcome Back!

Jen Walker here with The Jen Walker Team! We are a real estate group based out of Alexandria, Virginia. I, along with my rock-star team members, Sue Kovalsky,  Micki MacNaughton, and Adrianna Vallario, have more than 35 years of experience in real estate and sold over $175 million in 2021.

Bright, open and updated with an amazing location, this semi-detached home has it all! This two bed/two bath Rosemont home will charm you from the moment you walk to the front door.

Enter into the sunny living room with plenty of space to watch the morning news or to gather with friends — you will feel right at home in this space. The living room flows easily into the dining area and kitchen. The kitchen features shaker-style cabinetry, a large peninsula with seating for four, a gas range and ample counter-space for all your prep needs. Head outside through the kitchen door to the fully-fenced backyard. The patio is great for dining al fresco or hosting summer BBQs, and the yard is a great area for four legged friends to run.

Head back inside and upstairs to two bedrooms and a full bathroom. The primary bedroom is a cozy retreat with updated lighting, two closets and a nook that’s great for a home office! The second bedroom is light and airy and can easily accommodate a double bed or could be used as an office. A shared hall bath rounds out this level. The lower level boasts a large recreation room with a gorgeously renovated full bathroom. Featuring Carrara tile and a glass-enclosed shower, this level could double as a guest area and has an egress window, making this a legal third bedroom! Laundry and storage are also found on this level.

With replacement windows, newer systems and so many updates, this home is truly move-in ready. Walkable to the King Street and Braddock Road Metro Stations, Old Town and Del Ray (restaurants, shops and more!), minutes to Reagan National Airport and an easy commute to D.C., you will love this location. Welcome Home!

18 E Masonic View Avenue #A, Alexandria, VA 22301Jen Walker Team

Click here for Just Listed properties in Alexandria and call The Jen Walker Team to schedule a home tour at 703-675-1566 or email [email protected].

Happy House Hunting!

In our highly competitive Alexandria market, the Jen Walker Team has the insider knowledge to connect you with homes that are not even public yet. With more than 35 years of experience, the Jen Walker Team has the expertise to answer questions, calm fears and streamline your transaction. Want to see other homes not featured in this article? Contact our team today!

Please note: While The Jen Walker Team provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314 #WeAreAlexandria

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