Archive for the 'Reston Neighborhoods' Category

News that the Northern Virginia housing market continues to improve with several areas seeing appreciation as high as 8% can only be viewed as positive. The carnage of the ruptured housing bubble that was so clearly visible in many neighborhoods is receding.

Trickier to assess is the damage to the credit of former home owners who for whatever reason lost their homes to short sale or foreclosure. Living without enough financial cushion, a lost job, a sick child; things that in the normal course of a life might cause one to decide they should sell their home and live smaller until they were back on their feet, when combined with plummeting home values created a quagmire that dragged many people down the foreclosure/short sale path.

Careful management can make it happen for you.

In speaking with my lender colleagues the news is not all doom and gloom for a buyer that has a foreclosure/short sale on their credit record. Depending on factors in place at the time of the foreclosure or short sale FHA Loans may still be a viable option. All buyers need to be super mindful of paying their creditors on time, even a few late pays can make a huge impact on your credit score.

Like most things in life–time will heal the wounds of housing market and the fall out of a short sale or foreclosure on your credit. Being mindful of due dates and credit balances and saving a reserve fund can help put you in a position to buy in 2011.

This Reston townhouse is beautifully updated.

This weeks top pick is…surprise, surprise…my own listing, but it’s a great property so I’m not going to worry about shameless self-promotion. Besides, your Real Estate Agent is supposed to be in business of promoting. So on to the listing—it’s a great 3 bedroom 2.5 bath townhome in the Uplands area of Reston. 11178 Forest Edge Dr in the Forest Edge Cluster.

Tennis Courts in the Uplands Recreation Area

The property is wonderful, every room has been renovated, new kitchen, all new baths, new floors, new windows—really new everything and beautifully executed. The other thing I like about this property is how wakable it is…Several of Reston’s famous black paths cut right through the Cluster providing safe easy access by foot or by bike to any number of community amenities.

55 miles of paved walkways meander throughout Reston

The elementary school, pool, tennis, basketball, and the baseball diamond were all within about a 3 – 5 minute walk. Lake Anne Plaza with its Saturday Farmer’s Market, shops and restaurants is an easy walk at just over ½ mile away. The black paths form a network will get walkers and bikers to most of the Village Centers and to Town Center without ever crossing a busy street. The trails aren’t always the most direct but they are often beautiful, taking you through the woods and along stream beds.  It’s a great way to get where you’re going.