Homes for sale in reston va for the average investor

Here you will also find one of the biggest shopping places, Tyson's Corner.

There are many lovely and welcoming neighborhoods in Northern Virginia, but the ones above are some of the most prestigious areas. Each community bears its unique stamp. Which will it be?

At midnight on August 24th 2009, with a little whimper and a few mentions on the nightly news, the governments Car Allowance Rebate System or CARS program was promptly ended by the government. Despite pleas from industry advocacy groups and auto dealers, the 2009 cash for clunkers program went clunk itself. No extension, no delay by congress, no presidential proclamation. Nothing - it just ended.

Move ahead to November 30th of 2009 when the 2009 First Time Home Buyer Credit is set to expire. Do we foresee any different outcome for this program as compared to the cash for clunkers program? Only time will tell, but if the CARS program was any indication, the deadline will probably drift off with nearly a whimper, no matter how much lobbying is being done and how well the program is appearing to work.

First, let's look at what the deadline really means as compared to the experience from the Cash for Clunkers program. The deadline for the CARS program was a Monday night. This meant that prospective buyers could have shown up at a dealership on Monday afternoon or evening and driven away with a new car that night and still qualified for the program. This time frame represents the time that first time home buyers need to begin working with a professional agent, if they are not already doing so.

The other timeline to consider is for home sellers. Obviously if they are looking to sell a home and take advantage of the move up opportunities that exist in today real estate market they will not qualify for First Time Home Buyer Credit, but that does not mean that they are not directly affected by the program.

If the home owner / home seller is thinking of selling and they do not either have the home on the market yet, or do not get the home on the market by the middle of September, their home, townhome or condo will not be available to the first time homebuyers. In effect, come October 15th to sometime around October 31st, the values of some price ranges will for all practical purposes drop by $8,000. While this may seem like an artificial adjustment in price, my experience can't help making me think that buyers - first time or otherwise - will be taking this into account after the plan deadline and making offers on properties that are $8,000 or more less than the previous values because the money is not there from the government so buyers are needing to get the results from somewhere, via either price reductions in offers or added closing cost paid for by the seller.

Bottom line, while the program ends 30 November, the true deadline for First Time Buyers and Home Sellers is Labor Day, September 7th 2009. Needless to say, buyers and seller should begin working with their favorite professional agent now, and not wait for the program to be extended. With all that is facing the congress that is coming back in session after the summer recess, healthcare and other items, the extension of the 2009 First Time Home Buyer Credit would be welcomed, but seems highly unlikely.