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Pam Cornelio
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Pam Cornelio - McEnearney Associates, Inc.
Pam Cornelio
Office:
703-549-9292 x326
Direct Dial:
703-286-1348
Home Fax:
703-717-5809
Mobile:
571-236-4398
Fax:
703-717-5809
States Licensed:
VA, DC
McEnearney Associates
109 S Pitt Street
Alexandria, VA 22314
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Issue # 2                                                                                             August 2009
39 Arell Ct   Welcome to my August Newsletter   A few rare real estate markets have seen home values rise in the past year, 11 areas nationwide. In markets like this sellers are getting close to their asking price and are recouping money they put into their home when they bought it.     Check out the Best Cities in the Nation to Sell a Home reported by Good Morning America, August 11, 2009:   # 1) Washington D.C.: Median Home Value: $378,900 down 4.1 percent from a year ago, Home values in Washington since the beginning of 2009 are actually up, homes are selling for 2 percent less than the listing price, excellent in this climate and 87% of those are sold for a gain. #2) Fayetteville, N.C.  #3) Oklahoma City, Okla.  #4) Boulder, Colo.  #5) Yakima, Wash.
Lezlie                      Why stage a home?         Home staging is the act of preparing a residential home for resale in      the real estate market. The goal of staging is to present the home in     the best possible light to potential buyers, thereby selling the home      more quickly and at a higher price.   On average, staged homes sell in half the time of un-staged homes and for a 10% to 20% increase in price. A well staged home will maximize its potential and diminish its flaws, presenting the potential homebuyer with a positive vision of what living in the home could be. Look at the difference in the below photos of a "before and after" project completed by our Resident Stager, Lezlie Booth. 
                                                                                  
                                   39 Arell before       39 Arell After                                                     Kitchen Before                        Kitchen After
What's Hot?                                         In previous years, August and Christmas/New Year's week have been the slowest times of the year for transactions in real estate.  This August has defied the odds. With interest rates hovering at 5%, the tax credit of $8,000 still in play until December 1, 2009, August has really heated up. Multiple offers on well situated properties are still happening. Don't put your life on hold.  If you are looking to sell, get it ready.  Clean out those gutters, clean those windows and have your HVAC serviced.  Getting ready to buy? Fantastic opportunities await you. Don't put your life on hold waiting for better interest rates or more government incentives. Now could be your time!

1707 Prince    1707 Prince      39 Arell Ct 

39 Arell Court                     1707 Prince, Old Town           2327 Dale Dr, Falls Church      

UNDER CONTRACT                   Near Metro                      3 BR/3.5 BA 2 acres estate       

                                          For Sale: $580,000                    Rent: $4,500/mo. 

 Graph                               FACTS YOU SHOULD KNOW:

  • A total of 2,053 homes were sold in Northern Virginia in July 2009,  a 10.55 percent increase above July 2008 home sales of 1,857.  
  • For the first time in six years, pending home sales are up for the fifth consecutive month,  the last time there were five consecutive monthly gains was in July 2003.           

                              * Source according to the National Association of Realtors®

Pam Cornelio, Realtor  

  McEnearney Associates Inc. 109 S. Pitt Street   Alexandria, Virginia 22314  

Office: (703) 549-9292 Ext. 326                       Cell: (571) 236-4398