Northern Virginia Real Estate Blog, Carolyn Capalbo

That's a $615 per month difference in mortgage payment! Think about what you could do with an extra $615 per month!

7972 Canova Forest Ct., Manassas, VA is a stunning listing that is only a few years young with lovely appointments, updates, 3 car garage, and 2 acres on a private cul-de-sac lot. This home is move in ready and currently listed at $675,000. A comparable home in Centreville will likely list and sell for $800,000 or more.

The distance between these locations is roughly 15 miles. From a commuting time on Route 66, that would be a 50-minute commute to Washington DC or a 45-minute commute to Crystal City from the Centreville location or a 1 hour and 5-minute commute to Washington DC and a 55-minute ride to Crystal City from Manassas

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Opportunity Cost is defined as the loss of potential gain when one alternative, or path, is chosen over another. As a Trusted Real Estate Advisor with deep roots in finance and economics, the term opportunity cost really sums up the question many would be buyers face. Should I rent a home, or should I buy a home?

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I have been watching Manassas closely for 2 distinct reasons.  Firstly, Manassas’ Micron Technologies late summer announced that it plans to expand its chip making facility over the next 10 years with a $3,000,000,000 investment and promises of 1100 jobs coming soon to Manassas. Secondly, Manassas is ideally located along the VRE (Virginia Rail Express) with service to Crystal City, the location of Amazon’s HQ2.  Manassas may become a beacon for ample and affordable housing for incoming technology jobs to the area.  In addition, Manassas has been quietly building a data center and technology opportunities.  The ground is broken on the new CloudHQ facility now being built on 234.  Prices year over year Q1 has risen by approximately 5%.  Inventory is still

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Real Estate Investment & Savings

Here’s how to make $100,000 work for you in a Real Estate Investment!

Do you have $100,000 in your savings or money market account earning 2% interest, 4% interest?  If you do, let’s compare these earnings with a real estate investment!

Safe and secure in the bank, passively earning 2% will net you $1400 per year after taxes (assuming 30% tax bracket).  Let’s also look at a 4% return, this will net $2800 after taxes (again assuming 30% tax bracket).

Now let’s put this $100,000 to work in a 3 level, 1 car garage townhouse in Winchester or maybe Fredericksburg.  Acquisition price of $215,000 and negotiating 2% Seller paid closing costs for this acquisition and financing at 4.875%, the additional closing costs.  Purchasing with a loan of

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