Manassas Real Estate

Carolyn Capalbo writes about the Manassas Real estate market and what it means to buyers and sellers in the area.

Found 6 blog entries about Manassas Real Estate.

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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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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I really love what’s happening in Manassas Virginia. Manassas is a great and affordable place to live in the Northern Virginia area and Manassas is Booming!  Besides being a great affordable location for Amazon HQ2 employees, Manassas has seen tremendous growth and economic development.  Micron Technologies this past summer announced a $3,000,000,000 (yup, that’s $3 Billion) investment and 1100 jobs commitment to the expansion of their Manassas Micro-Chip facility.   This facility is flourishing; developing and manufacturing microchips primarily for the automotive, industrial, and networking industries.  The expansion is scheduled to establish a development center and a commitment from Micron to help educate the next generation of technology personnel at

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My recent certification as a Certified Distressed Property Expert gives me added insight into foreclosure avoidance and short sales.  My extensive training in short sales will help direct homeowners to much better alternatives to foreclosure.  Please see below for the public service announcement for more details.

FOR RELEASE: IMMEDIATE

DATE: DEC 21, 2009

CAROLYN CAPALBO EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE

Carolyn Capalbo of Keller Williams Realty of Manassas, VA has earned the prestigious Certified Distressed Property Expert (CDPE) designation having completed extensive training in foreclosure avoidance and short sales.  This is invaluable expertise to offer at a time when the area is ravaged by “distressed”

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Have you ever noticed that everyone seems happy in a Seller’s Market and miserable in a Buyer’s Market? In a Seller’s market there is a rush and a euphoric atmosphere. Sellers are thrilled with the value of their home. Buyers are overjoyed when they are the winning bid on a home. Caution is thrown to the wind. Basic principles and fundamentals are often overlooked. Buyers stretch beyond their means anticipating continued price appreciation, and investors buy anything they can.

In a buyers market we find the opposite. Many sellers truly can’t sell their homes. They may owe far more than the current market value of the home. Perhaps, they feel angry or that they are “giving their house away.” Short sales and foreclosures increase and pull down market

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Here’s wishing everyone a prosperous 2008. 2007 was yet another volatile year for Northern Virginia real estate. Foreclosures and pre-foreclosure inventory has soared and continues to rise. I anticipate additional foreclosure activity as adjustable rate mortgages reset in record numbers.

Western Prince William County experienced record growth in 2005 and 2006, many of these homeowners purchased these homes with adjustable rate mortgage products. As these mortgages adjust and reset, many homeowners are finding themselves unable to afford the increased payment. They may be unable to sell through normal channels due to the decline in market values. Pre-foreclosure options may include loan refinancing, loan renegotiation, or short sale possibilities.

As an…
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