Three Stones Residential agents pride ourselves on our consultative service approach, local expertise and real estate market knowledge. With over 26 years of business experience in the DMV, we have consistently performed in the top 2% of local Realtors and are currently the #1 group at Keller Williams Metro Center.
9819 Bridleridge Court, Vienna
5 BD/3 BA
Agent: Frankly Real Estate, Inc
Listed: $787,000
Open: Sunday 2-5 p.m
10401 Hunter Station Road, Vienna
5 BD/4.5 BA
Agent: Washington Fine Properties, Llc
Listed: $1,899,000
Open: Sunday 2-4 p.m.
508 Meadow Lane SW, Vienna
5 BD/4.5 BA
Agent: Keller Williams Realty
Listed: $1,400,000
Open: Sunday 1-3 p.m.
6938 Weston Road, Falls Church
5 BD/4 BA
Agent: Kw Metro Center
Listed: $975,000
Open: Friday 6-8 p.m. & Sunday 1-4 p.m.
7606 Leonard Drive, Falls Church
5 BD/5 BA
Agent: Kw Metro Center
Listed: $1,445,000
Open: Sunday 1-4 p.m.
7220 Magpie Lane, Falls Church
3 BD/3.5 BA
Agent: Long & Foster Real Estate, Inc
Listed: $1,150,000
Open: Sunday 2-4 p.m.
1230 Providence Terrace, McLean
5 BD/5.5 BA
Agent: Keller Williams Realty
Listed: $1,875,000
Open: Saturday 1-3 p.m. & Sunday 12-4 p.m.
1444 Layman Street, McLean
4 BD/2.5 BA
Agent: McEnearney Associates, Inc
Listed: $899,000
Open: Saturday & Sunday 1-4 p.m.
1227 Old Stable Road, McLean
5 BD/2.5 BA
Agent: Keller Williams Realty
Listed: $1,049,000
Open: Sunday 1-4 p.m.
Our role is to offer sound advice and guidance to our clients in order for them to achieve their goals in either buying, selling, leasing or managing real estate. We are truly “Your Home… for Everything Real Estate.” To schedule a private showing of these or any other properties of interest please do not hesitate to contact us here or email us at [email protected].
Three Stones Residential agents pride ourselves on our consultative service approach, local expertise and real estate market knowledge. With over 26 years of business experience in the DMV, we have consistently performed in the top 2% of local Realtors and are currently the #1 group at Keller Williams Metro Center.
The following properties were recently listed in the Tysons, McLean, Vienna and Falls Church areas.
- 104 Moore Avenue SW, Vienna — $1,645,000
- 2313 Mcgregor Court, Vienna — $550,000
- 1276 Cobble Pond Way, Vienna — $1,219,000
- 2829 Brook Drive, Falls Church — $819,000
- 2726 Welcome Drive, Falls Church — $869,000
- 2013 Storm Drive, Falls Church — $1,269,000
- 8001 Lewinsville Road, McLean — $1,015,000
- 7410 Eldorado Street, McLean — $720,000
Our role is to offer sound advice and guidance to our clients in order for them to achieve their goals in either buying, selling, leasing or managing real estate. We are truly “Your Home… for Everything Real Estate.” To schedule a private showing of these or any other properties of interest please do not hesitate to contact us here or email us at [email protected].
Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.
This week isn’t much different from the last.
There are only 19 properties in the Tysons area that have been reduced in price ranging from a Falls Church condo for $229,900 to a detached home in McLean now priced at $2,649,900. This week’s feature property is for everyone who has been searching for a newer build home in the area and are frustrated with the rapidly rising prices in Vienna.
Pimmit Hills is located just outside of McLean and minutes to the Tysons Corner center. Easily accessible to I-495, I-66, and less than a mile to metro, this more affordable area offers a lot for the money. The 2 years young home featured today is priced at only $1,199,000. For those who have been looking at new builds in McLean & Vienna, this is a great price.
To see this beautiful home or any of the other homes on the market in the D.C. area, please contact Brandy at [email protected] or 571-263-0206.
7734 Lisle Avenue Falls Church (Reduced $26,000)
Check out the rest of this week’s Luxury for Less listings:
- 7220 Magpie Lane Falls Church (Reduced $85,000)
- 1102 Delf Drive McLean (Reduced $50,000)
- 2751 Cody Road Vienna (Reduced $25,000)
- 1103 Dapple Grey Court Great Falls (Reduced $100,000)
The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.
This is a sponsored column by 3Summit Investment Management, LLC based in Vienna, VA. 3Summit designs custom, modern investment portfolios and has unique expertise in managing investment risk.
By Dan Irvine | Principal, 3Summit Investment Management
The financial services industry suffers from significant ethical challenges, but most people do not realize the extent to which their interests directly conflict with the interests of their financial advisor or how those conflicts impact their wealth.
For example, only 9% of financial advisors are both obligated to provide investment advice that is in their client’s best interest and are not permitted to be compensated through commissions or sales charges.
Why should you care if your financial advisor is obligated to act in your best interest or how your advisor gets paid? The U.S. Department of Labor estimated in 2016 that conflicted investment advice may cost Americans as much at $17 Billion a year! One way to avoid paying the potentially high costs of receiving conflicted investment advice from a trusted financial advisor is to only work with an advisor bound by a fiduciary duty to you and works on a fee-only basis.
What is a Fiduciary?
A fiduciary financial advisor is bound by an ethical obligation to act only in their client’s best interest. A fiduciary must avoid conflicts of interest and clearly disclose any possible conflicts to their clients.
Common Conflicts of Interest
Financial advisors can have many conflicts of interest that are likely to harm your financial success and cost you a fortune in fees. Here are two examples of common conflicts you should be aware of when working with a financial advisor:
- Fee-Sharing Agreements — Many financial advisors enter into fee-sharing agreements with mutual fund providers. A mutual fund provider can charge investors in their mutual funds an annual sales fee that may then be given to a financial advisor as a kickback for investing their clients in the providers funds. Fee-sharing is a huge conflict of interest because financial advisors are incentivized to only invest their clients in mutual funds that kickback fees to them, instead of investing in funds with the best management and lowest fees or better yet, not buy mutual funds at all for their clients.
- Commissions on the Sale or Trading of Financial Products — Many advisors receive large commissions for investing their clients in mutual funds, insurance policies and annuity products. It is common for advisors to recommend expensive annuities and other insurance products because they earn very large commissions by selling them to their clients.
Also, earning commissions on the trading of mutual funds through up-front fees can incentivize an advisor to “churn” investment accounts. Churning occurs when an advisor trades excessively in order to extract additional commissions from their clients. Upfront fees on a mutual fund (called front-end loads) can be as high as 5% of the value of the trade.
If you have a half a million-dollar account and an advisor invests the entire account in several 5% front-end load mutual funds, you just paid $25,000 dollars in fees out of your retirement savings and your financial advisor receives a portion of those fees as sales commissions. When the advisor decides to switch funds in the future you are likely to pay front-end load fees again!
This regularly-scheduled sponsored Q&A column is written by Val Sotillo, Northern Virginia-based Realtor and Falls Church resident. Please submit your questions to her via email for response in future columns. Enjoy!
Question: We’re on the market to buy a home and the house we love is under contract with another buyer. Does it make sense to submit a backup offer if the seller is taking them? Can we get out of it if we find another home that we love?
Answer: It happens so often in this market. You finally find your dream home, only to learn that the seller has accepted another offer. While many home buyers would feel disappointed and give up on such dream home, a backup offer is another strategy you can use to get the house you love.
How Does a Backup Offer Work?
A backup offer is an offer made on a home that already has an active contract, to be acted upon if the first contract falls through. It allows the interested buyer to make a financial agreement with the seller that becomes the official buying contract if something happens to impact the existing contract. A backup offer stops the seller from entertaining offers from other buyers or putting the home back on the market.
A backup offers may seem like a long shot, but can be a buyer’s ticket to their dream home given that contracts sometimes fall through.
A Backup Offer Is Good When
- You have your heart set on a particular home, a backup offer can help you get a foot in the door before the sellers relist.
- You have time to wait and you may be able to sweep in on the home at the last minute. If you’re currently renting, and you have a few months before your lease expire, you can go month-to-month, or you have alternate housing options while you wait for the right home.
Here Are a Few Potential Reasons Why Contracts Can Fall Through
- Home Inspection — (most common) if issues are uncovered a buyer may decide to walk away or ask for too many repairs or concessions that are not agreed to by the seller
- Contract is contingent on the buyer selling their home before closing
- Appraisals — If there’s an appraisal contingency in place, and the appraisal report does not support the contract price
- Financing — Buyer is no longer qualified to obtain financing for the purchase
- Condo/Home Owner Association (HOA) documents — The buyer has three days to cancel the contract upon receipt of the condo’s disclosure documents
- Buyer changed its mind. It happens…
Laura Schwartz is a licensed Realtor in VA, D.C. and MD with McEnearney Associates in McLean. Reach the office at 703-790-9090.
A local Vienna based charity, BRAWS, “works to bring dignity and empowerment to women and girls living in shelters by providing new, personally fitted undergarments and menstrual supplies.”
In addition to the wide reach this organization has, they also help our FCPS schools by stocking them with menstrual supplies in girls’ bathrooms.
They have volunteer opportunities throughout the year to donate your time with donation deliveries, event hosting and collection drives. You can also donate here.
Their biggest fundraising event, Mardi Braws, actually takes places this Friday night, February 28 at Westwood Country Club at 8 p.m.
There’s a massive silent auction, which you don’t need to attend to bid on, as well as a raffle. Lots of local businesses, the Capitals, The Nationals, the Wizards and more donate to this organization to help raise money. I am also sponsoring the event this year, along with fellow Tyson’s Reporter contributor, Brandy Schantz of the Schantz Group. A full list of the 2020 sponsors can be found here.
You can purchase tickets to attend the event at $100 each, bid on silent auction items, or just donate money or supplies.
Please consider checking out this wonderful local organization and supporting in any way you can.
Three Stones Residential agents pride ourselves on our consultative service approach, local expertise and real estate market knowledge. With over 26 years of business experience in the DMV, we have consistently performed in the top 2% of local Realtors and are currently the #1 group at Keller Williams Metro Center.
104 Moore Avenue SW, Vienna
6 BD/5.5 BA
Agent: Kw Metro Center
Listed: $1,645,000
Open: Sunday 1-4 p.m.
907 Meadow Lane SW, Vienna
4 BD/2 BA
Agent: Weichert Realtors
Listed: $699,950
Open: Saturday 12-3 p.m. & Sunday 1-4 p.m.
2725 Willow Drive, Vienna
5 BD/4.5 BA
Agent: Kw Metro Center
Listed: $1,529,649
Open: Sunday 1-4 p.m.
3113 Shadeland Drive, Falls Church
4 BD/4 BA
Agent: Re/Max West End
Listed: $859,999
Open: Saturday & Sunday 2-4 p.m.
422 Great Falls Street, Falls Church
6 BD/4.5 BA
Agent: Optime Realty
Listed: $1,299,900
Open: Sunday 2-4 p.m.
2906 Rose Place, Falls Church
4 BD/2 BA
Agent: Samson Properties
Listed: $799,000
Open: Sunday 1-4 p.m.
1930 McFall Street, McLean
5 BD/4 BA
Agent: Long & Foster Real Estate, Inc
Listed: $1,449,000
Open: Sunday 1-3 p.m.
7022 Hector Road, McLean
6 BD/6.5 BA
Agent: Kw Metro Center
Listed: $2,199,000
Open: Saturday 2-4 p.m.
1822 Youngblood Street, McLean
6 BD/5.5 BA
Agent: Keller Williams Realty
Listed: $1,649,000
Open: Saturday & Sunday 1-4 p.m.
Our role is to offer sound advice and guidance to our clients in order for them to achieve their goals in either buying, selling, leasing or managing real estate. We are truly “Your Home… for Everything Real Estate.” To schedule a private showing of these or any other properties of interest please do not hesitate to contact us here or email us at [email protected].
Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.
Different week, same story. Inventory is terribly low. Homes are selling fast meaning there are very few homes that get reduced in price.
This week in the Tysons area, there were 24 homes reduced in price. Of those homes reduced in price, nearly 65% of them are over $1 million and 45% are over $1.5 million which tends to be a bit softer market. The feature property this week is a lot of bang for your buck though.
If you are looking for a remodeled home and having trouble finding anything below $1 million, this home just outside the Town of Vienna provides plenty of space and comfort on a .53 acre lot. 4 bedrooms and 2 bathrooms are located on the main level providing a rare option for 1 level living. A large deck with gazebo makes this home a great option for outdoor entertaining.
To see this beautiful home or any of the other homes on the market in the D.C. area, please contact Brandy at [email protected] or 571-263-0206.
2404 Carey Lane Vienna (Reduced $15,000)
Check out the rest of this week’s Luxury for Less listings:
- 2916 Adams Place Falls Church (Reduced $30,000)
- 814 Sherlin Lane Great Falls (Reduced $24,000)
- 9708 Brookstone Lane Vienna (Reduced $25,000)
- 1712 Briar Ridge Road McLean (Reduced $50,000)
The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.
Three Stones Residential agents pride ourselves on our consultative service approach, local expertise and real estate market knowledge. With over 26 years of business experience in the DMV, we have consistently performed in the top 2% of local Realtors and are currently the #1 group at Keller Williams Metro Center.
7632 Willow Point Drive, Falls Church
2 BD/1 BA
Agent: Keller Williams Realty Falls Church
Listed: $370,000
Open: Saturday 11 a.m.-1 p.m. & Sunday 11 a.m.-4 p.m.
6530 Bay Tree Court, Falls Church
5 BD/3 BA
Agent: Long & Foster Real Estate, Inc
Listed: $840,000
Open: Saturday & Sunday 1-4 p.m.
6306 Waterway Drive, Falls Church
4 BD/3 BA
Agent: Weichert Realtors
Listed: $924,000
Open: Sunday 1-4 p.m.
114 Tapawingo Road SW, Vienna
5 BD/4.5 BA
Agent: Century 21 Redwood Realty
Listed: $1,484,999
Open: Saturday 1-3 p.m. & Sunday 1-4 p.m.
1704 Hicks Drive, Vienna
5 BD/2.5 BA
Agent: Samson Properties
Listed: $925,000
Open: Sunday 2-4 p.m.
507 Delano Drive SE, Vienna
5 BD/5.5 BA
Agent: Ttr Sotheby’s International Realty
Listed: $1,699,900
Open: Sunday 2-4 p.m
1814 Solitaire Lane, McLean
5 BD/4.5 BA
Agent: Weichert Realtors
Listed: $1,599,000
Open House: Sunday 2-4 p.m.
8220 Crestwood Heights Drive Unit 1401, McLean
2 BD/2 BA
Agent: Samson Properties
Listed: $749,900
Open: Sunday 1-3 p.m.
1102 Delf Drive, McLean
4 BD/3 BA
Agent: Cottage Street Realty Llc
Listed: $1,245,000
Open: Sunday 1-4 p.m.
Our role is to offer sound advice and guidance to our clients in order for them to achieve their goals in either buying, selling, leasing or managing real estate. We are truly “Your Home… for Everything Real Estate.” To schedule a private showing of these or any other properties of interest please do not hesitate to contact us here or email us at [email protected].
Three Stones Residential agents pride ourselves on our consultative service approach, local expertise and real estate market knowledge. With over 26 years of business experience in the DMV, we have consistently performed in the top 2% of local Realtors and are currently the #1 group at Keller Williams Metro Center.
The following properties were recently listed in the Tysons, McLean, Vienna and Falls Church areas.
- 7774 Willow Point Drive C, Falls Church — $399,900
- 7221 Tyler Avenue, Falls Church — $815,000
- 6623 Kennedy Lane, Falls Church — $949,000
- 2412 Rockbridge Street, Vienna — $764,900
- 507 Delano Drive SE, Vienna — $1,699,900
- 9708 Brookstone Lane, Vienna — $1,249,000
- 1814 Solitaire Lane, McLean — $1,599,000
- 7403 Windy Hill Court, McLean — $1,699,000
- 1523 Forest Villa Lane, McLean — $2,250,000
Our role is to offer sound advice and guidance to our clients in order for them to achieve their goals in either buying, selling, leasing or managing real estate. We are truly “Your Home… for Everything Real Estate.” To schedule a private showing of these or any other properties of interest please do not hesitate to contact us here or email us at [email protected].
