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Nationally Recognized as Historic and Animal Friendly “Best Places” – Alexandria VA

Sun, 07 Mar 2010 13:57:56 -0600

If you are looking for a contemporary hometown that is chock full of cultural heritage and charm, then Alexandria VA may be just the place for you. Alexandria, VA boasts an abundance of Colonial architecture, chic boutiques, a wide array of national retail stores, fine art and antiques galleries, historic attractions and award winning restaurants. This beautiful historic community is located along the Western bank of the Potomac River across from National Harbor and approximately only 6 miles south of downtown Washington DC.

With a population of approximately 140,000 residents, this diverse historic community has a lot to offer with an excellent public school system, abundant job opportunities, and beautiful waterfront views. In 2010, The USNews.com listed Alexandria as one of the Editors Picks for "Best Places". You can also read about Alexandra on Sterlings "Best Places".

Well known for its colonial architecture, here in the 3^rd oldest historic districts in the nation, you will find an abundance of 18^th and 19^th century buildings and homes situated along cobblestone walks. This is a beautiful city in all seasons and with Old Town there is never a lack of things to see and do such as Market Square , the oldest continuously operating marketplace in the United States. Old Town is also well known for its historic town houses, art galleries, antique shops, and restaurants.

Love your dog? Then Alexandria may be just the hometown you're looking for. About.com lists Alexandria as a ‘Top Dog Friendly" Destination. They list a number of fun activities for family and their furry friends to do together in Alexandria such as:

One of the biggest and most fun dog events in the entire Washington, D.C. area is the annual Alexandria St Patrick's Day Parade. Every year activities always begin with the Fun Dog Show. For year-round activities, the local Dept of Recreation also provides 17 designated Dog Exercise Areas and Fenced Parks for resident dog owners to enjoy.

Looking for an easy get a way to Washington DC or other nearby metro areas? Then look no further as Alexandria boasts four convenient Metro stops. Alexandria also offers bus service, Water Taxi, Free King Street Trolley and easy access to major interstate highways.

Prominent employers such as Time Warner and The Salvation Army call Alexandria home. In addition, there are many government organizations such as the US Patent and Trademark Office, which also supply numerous jobs to local residents allowing many to work and live right within Alexandria.

So if you're ready to look at real estate in an area rich with cultural history yet one that can offer contemporary charm, the consider talking to Rachel Valentino about Old Alexandria VA. With median home prices about $375,000, Alexandria offers varied housing options, including some high-end suburban estates, which provides an exceptional urban living lifestyle. Contact Rachel Valentino today or visit her Atlantic Coast Connection website today to get started.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

The Controversial US Government Freddie & Fannie Bailout – Gift or Trojan Horse?

Fri, 26 Feb 2010 21:19:01 -0600

Nearly two years have passed since Congress passed the controversial $700,000 billion Bailout Bill, which was delivered with enough blame and finger pointing to make every American's stomach turn. Realtors, brokers, lenders, and investors across the country were invested as long time friends of the industry Freddie Mac and Fannie Mae became center participants in this heated Capitol Hill debate and bailout.

The government bailout was originally aimed at making mortgages easier to obtain and afford for the homebuyers in America. At the time, this was welcome news to most on the front line of home buying and selling across the US. But as the past two years have unfolded, many in the real estate market have been left with the same questions and doubts that many other taxpayers have.

By the beginning of 2010, national headlines were screaming "Housing Still Needs a Lifeline". But now, the number of taxpayers questioning the bailout has grown. Many within the real estate and finance industries felt it in the pit of their stomachs when they heard that on the eve of December 24^th2009, the US Treasury Department uncapped the credit line for both agencies.

Realtors, brokers, borrowers and lenders alike were left reaching for a bottle of Pepto Bismol when hearing that this latest bailout came only hours after the companies said that their chief executives would be paid up to $6 million on an annualized basis for 2009. Furthermore according to the NY Daily News, in addition to the CEO pay, 10 additional executives at the two companies are eligible collectively for $30.1 million in compensation for 2009.

By early Feb. 2010, HousingWire stepped in to offer this report on TARP. Meanwhile, with the 2011 budget at hand, the Obama administration stands steadfast behind the bailout pledging to back the troubled mortgage finance giants regardless of the size of their losses.

Also in early February, FoxBusiness released the article: "White House Projects Lower Losses in Fannie, Freddie; Analysts Skeptical". Obama's Administration holds an optimistic outlook, while other analysts and opposition predict a bleaker outlook. Meanwhile other government plans are forcing honest citizens who could make reasonable mortgage payments seek the shelter of short sales or bankruptcy leaving them without homes. Many really don't get the reasoning behind such policies. Others are left asking what happened to the $35 billion designated to modifying bad mortgages with 800,000 still awaiting results.

If this isn't enough to think about, look at this new can of worms opened up by Congressman Barney Frank. In this USA Today article Barney Frank, chairman of the House Financial Services Committee, is now calling for the whole secondary mortgage market system to be scrapped and to come up with a new one.

Based on the blogs they write, many on the front line of real estate sales don't seem to reflect the views of this drastic move. Obviously something needs to be done, but surprisingly this legislation actually has quite a bit of support up on the Hill. Please step in and give your opinion on this overwhelming subject. What are the rest of you thinking right now?

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Expect Rachel Valentino, DC area expert to be on top of the hottest topics. If you are in the market for a new home in the DC area, don't let the media news scare you off, Rachel will help you explore all the options still available to you. The door that opens for you just may put you into your next home.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

H Street Corridor is One of DC’s Newest Trendy Neighborhoods - Time to Buy is Now

Thu, 25 Feb 2010 09:32:50 -0600

If you are looking for a new home in an up and coming neighborhood, then H Street Corridor may be just the place for you. But you may want to move quickly, as this is a neighborhood that's making a comeback to its memorable status. History tells us that some of Martin Luther King's fondest family moments were spent participating in the H Street Halloween Day parades in the late 40s. After years of decline, H Street is making its comeback to sidewalks full of people and smiling merchants.

So far, recent years have seen new small businesses, bars, restaurants, art galleries, and home renovations up and down the corridor. The District is committed to investing in small businesses in the area and it shows. H Street is transforming into a unique neighborhood that blends the historic DC with the new. The wide array of new small businesses is impressive. Here you will find unique bars and restaurants housed in historic buildings along with eclectic shops and family owned businesses. In addition, there is currently more than a billion dollars in new development on the way on H Street. Download Brochure. People are visiting again and noting that H Street is a place that's changing.

Every day, new businesses move in, new construction begins, and new neighbors move in. If timing is everything, then the time to get into this neighborhood is now. This is still considered an area where young families can buy a new home. Currently, parts of H Street are being considered for historic district status, but prices are still reasonable, and one can still find vintage homes, especially rowhomes, in need of rehab for sale. There are also new additions to H Street like the Renee; if you are in the market for a reasonably priced condo, this may be for you.

Although currently H Street is an area in transition, within 5 years H Street's official renovation/ beautification plan will be complete and the streetcars will be up and running. Also currently underway is the new 8th and H Street NE development with mixed use and ground level retail that will run from 8^th-10^th Street. This certainly is an area to keep your eye on!

More new developments in the area include:

Washington Real Estate Partners Project (600 blk of H St - South side)
Mixed-use project that includes 234 residential units, 500 parking spaces and ground-floor retail.

Capitol Place (200 blk of H St - South side)
Dreyfus Development's mixed use project with over 400,000 sq ft of retail, 300 condos, 380 parking spaces

Union Place - Loree Grand (200 blk of K St - North side)
Will house 30 artists in residence at 3rd & K Sts NE and will include over 200 residential units, a roof garden, a courtyard, a gym and ground floor retail with occupancy in March or April.

Near H Street: Capitol Hill Condos: The Station (old police station) (525 9th Street)
Design approved by ANC6A in September, targeted completion by end of 2010 with construction starting in February.

If you want to be part of this now trendy neighborhood, don't dally! Contact Rachel Valentino today. You will want to be in your new home when this area really takes off. Whether you are interested in condo living or a vintage historic home - DC expert Rachel Valentino can help you find the right home for you in one of DC's most exciting, dynamic, yet still affordable areas - H Street.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

Believe in the Unexpected – Don’t Miss this Spectacular Event on U Street

Wed, 17 Feb 2010 14:58:52 -0600

HOT NEWS: Believe in the unexpected. The Floridian, 118-unit luxury condominium located right in the middle of vibrant U Street Corridor just announced a spectacular Grand Opening Sales Event soon. Contact Rachel Valentino today to register or learn more. With spectacular sweeping views, flawless finishes and lowered prices you won't believe, you won't want to miss this event. 1 bedrooms are starting at a remarkably low $333,000 or from $392,000 for a 2 Bedroom so expect them to go fast. Timing is everything, don't miss out! Contact Rachel for more details before it's too late.

While the rest of Washington DC sleeps, there are a couple of notable neighborhoods that come alive at night. U Street is one such neighborhood where you can actually feel its history and the diverse beat of the music as this neighborhood shines each night in the cultural spotlight. "Funky", "Cool", "Ultra Urban" - these are just a few of the terms being used to describe one of DC's hottest condo markets well known for Ben's Chili Bowl and the Lincoln Theatre - U Street.

U Street has been praised in the New York Times, The Boston Globe, and Marie Claire to name only a few. Clearly, U Street is one of the hottest addresses in DC. Other metropolitan areas around the country are modeling U Street as a pure and simple example of Urban Renaissance. Steeped with history this beautiful neighborhood offers a rocking nightlife, the best in art galleries, the ultimate in restaurants and shopping, and is still known as one of the elite spots for jazz and blues music in the country.

U Street is no longer set apart from the rest of DC; today the green and yellow metro stops right in the middle of the neighborhood. And this Urban Renaissance beginning in the 90s after decades of neglect shows no signs of slowing down as it gathers speed. Rising from the ashes of the riots following Martin Luther King's assassination, the boarded up buildings and community neglect have been transformed into one of the most glorious of the DC Historic Districts. U Street Corridor has blossomed into a growing community of artists, boutiques, chic urbanites and nightlife seekers.

As is true of any great Urban Renaissance, here history, art, and architecture has been preserved and blended with the new. The greater U Street Historic District extends roughly from 16^th Street on the west to 7^th street on the east and from S Street on the south to Florida Ave on the north and includes over 1500 historic buildings. Year round both visitors and residents enjoy the fascinating history of the U Street area by walking City Within a City: Greater U Street Heritage Trail. There is also the African American Heritage Trail to explore and enjoy.

On all sides of U Street, the grid of streets is defined by a preserved collection of 19^th century residential row houses along with churches and corner stores. Then, during the recent transformation starting in the 90's, numerous luxury condominiums were built like Union Row and the Ellington giving fresh life to the neglected area. Today, nearly 10,000 new condos and apartments have been added to the U Street real estate landscape in the past decade. Hold on as the Floridian opens condo sales Feb 25 2010 and new life continues in U Street.

Rachel Valentino is on top of the best deals in the U Street area. Contact her now to get registered for the Floridian's Spectacular Grand Opening Event. Whether you are interested in a newer condo or a vintage row house, Rachel is standing by ready to help you achieve your homeownership goals. Be a part of this exciting neighborhood, put U into U Street!

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

Dreaming of Owning a Condo in DC? – It is Still Possible!

Mon, 15 Feb 2010 19:33:08 -0600

There is a lot of buzz surrounding the perceived potential shortage of condos in the DC market. A couple of sources agree, as it stands today, there will likely be a shortage of new condos in the DC Metro area within the next 12-18 months. That is because right now, mirroring the economic conditions of the past few years, many projects have been put on hold and we just aren't seeing the number of new planned projects on the table. Some of the few that are going forward in the DC area aren't scheduled to deliver until 2012 and even 2013.

But one of the beauties of living in America is that we have a capitalistic system that is based on supply and demand. Therefore even one of the most read current reports on the DC Condo market, put out by partners Urban Turf and McWilliams/Ballard, titled their 4^th part: "The Upcoming Condo Shortage (Maybe)". Here in America, a high demand, is never left untended long. In other words, if the demand becomes high enough, suppliers will find a way to deliver the product, usually finding creative new and faster ways to deliver.

Many of the newer constructions had been planned in the Metro area, along the beltway around the Alexandria and Arlington VA areas called the Dulles Corridor. That is because of the new jobs, especially in the technology fields expected to come to the area. Again, once the jobs are slated and confirmed, it is expected that builders will be clamoring to find ways to deliver new condos as quickly as possible. This will also put many in the construction industry in the market for at the very least "temporary" housing in the DC area.

The McWilliams/Ballard 2010 report also notes that the DC is the strongest condo market in the region. It is also expected to be on of the most active markets in the near term. That seems reasonable, just consider DC neighborhoods that make condo buyers drool, like U Street, a buzzing and very vibrant community. We will take a look at some of these upcoming and hottest DC condo neighborhoods like U and H Streets upcoming articles.

Another consideration is that this report is looking at new construction. We can't forget that many potential sellers of current condos that have been riding out this stormy economy. It is expected that as the economic recover takes hold, we will see more sellers putting their current condos on the market. Winter has also been notorious for slower sales and DC is experiencing a record-breaking winter. There are also the foreclosed properties held by banks, the "shadow inventory" that still has not hit the market in large numbers. All these points combine to add additional opportunities for condo buying in DC in the near future.

Overall, the DC condo market remains positive. DC retains one of the lowest vacancy rates in the country among large metropolitan areas. The solid and expanding job market will continue to bring new residents to the area. Combined with the the ever growing great reasons to chose condo living - there are certainly ways to find a condo in DC, even in today's market.

But DC condos are being moved quickly, so you will want to start by teaming up with a professional Realtor® who is experienced and you can trust. Turn to Rachel Valentino who will help you form a plan putting you into the condo of your dreams. Expect her to be on top of the DC area condo market and the creative financing options open to condo buyers in the area. Turn to the best, contact her today - let her help you.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

Out of the Shadows: Hidden Inventory Hits the Market

Wed, 10 Feb 2010 09:02:26 -0600

America is watching as huge numbers of properties are entering the foreclosure system but far fewer are leaving. What has resulted is a huge backlog of unsold homes and other distressed properties owned and being held by financial institutions. It is these properties held in limbo that are called the "Shadow Inventory". They are being called "Shadow" because they are properties not listed in the statistics compiled by The National Association of Realtors, The National Association of Home Builders nor the US Dept of Commerce.

No longer even questioned as a myth, "Shadow Inventory" is creating quite a stir. Speculation is running rampant and it is no wonder why. The US real estate market hasn't experienced such a phenomenon at this level before. So even the top experts in the financial, banking and real estate markets can't agree on what will happen nor to what degree.

At best, it can be said that it is a very complex situation. Banks claim to be trying to save the economy while not having to sell properties at huge losses. Meanwhile ,some economists are accuse banks of trying to artificially control supply and demand, which is leading to legislation debates over whether or not there may be unfair and deceptive practices going on.

Buyers are searching and demanding information. They are raising questions such as "Where is this excess inventory?", "When will the next wave of this inventory hit the market?", "How large is this inventory?", "Will this inventory cause a decline in market prices?", and "How can offer my home for sale without a loss in this market?".

One can see why so many people may be getting frustrated and impatient for answers as real estate agents are left reeling as they try to come up with real answers. They, too, are searching for answers on what to expect in the upcoming months and years as these homes hit the real estate market. The top Realtors are staying on top of what the experts and legislators are saying while keeping current with the constantly changing homebuyer guidelines.

Meanwhile, there is some good news to report. Fannie Mae is currently implementing the Deed for Lease^TM Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property deed back to the lender. Click here for more information. Most experts do agree that it is in the best public interest to try to Americans in their homes during this time of economic recovery.

Rachel Valentino is a respected and accomplished Realtor in the Washington DC real estate market. Log on to her website, the Atlantic Coast Connection, to learn more about her and view available properties or contact her to discuss your selling opportunities. You can count on her to be on top of the hottest topics and give you sound advise on real estate subjects.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

DC is Awarded $193 Million to Stimulate Affordable Housing Opportunities

Sat, 30 Jan 2010 11:32:07 -0600

Don't assume that you can't buy a home just because you lack perfect credit, don't have the resources to come up with a 20% down payment, or because you think that affordable housing is out of the question in the DC area. Home ownership is an American dream providing many financial and personal benefits to individuals and families. And with the help of a knowledgeable and experienced Realtor^®, you may indeed be able to make this dream a reality

It really wasn't that long ago that for the average low or middle class working couple, finding a decent, affordable home in DC was a challenge if not just a pipe dream. But thanks to the dedicated and hard work of the DC government with a focus on affordable housing within DC, this situation has been turned around, and you may indeed qualify for one of the many government-backed programs in place to stimulate home ownership in DC.

But even today, navigating through the maze of the government programs can be very confusing. These programs can be complex and are continually changing. That is why you'll want to start with a Realtor^® who will take the time to help you navigate through the complicated maze of government backed programs to see if one may be a good match for your circumstances. And right now, there are a lot of good programs available to the DC residents.

It is a common misconception that these programs are only for those with very low incomes (many are). But actually, there is a great mix of tax credits, low interest loans, down payment assistance and government grant money which is available to a variety of individuals and family's looking to purchase their first home in America's capitol city.

You may be surprised at the number of state and local programs that are available for homebuyers in DC. For instance, you may have recently read in the paper that Shaun Donovan, Secretary of HUD announced the award of $2 billion of funding to state and local governments. [January 15, 2009]. Well, that boils down to $193 million being awarded to the local DC Housing Finance Agency (DCHFA). Read press release. This is money awarded by the federal government to stimulate affordable housing opportunities in Washington DC.

"This is simply good news all around," said Harry Sewell, executive director of DCHFA. He goes on to say "we are also able to reactivate our single-family mortgage program to be competitive with the current interest rate environment. This agency is working hard and is committed to make sure that the dream of owning a home in the nations capital is attainable not just for the upper class residents but for many low - middle income homebuyers. The DCHFA offers free homebuyer education workshops; credit and budget counseling referral assistance; and affordable mortgages. And DCHFA is only one example of the many great programs/ options available to DC residents interested in buying an affordable home.

Don't miss out on out on the great current opportunities in place to stimulate affordable home ownership in Washington DC. And you don't have to go it alone. Call Rachel Valentino to help you navigate through the home buying process. She will help you step by step from dreaming to holding the keys to your very own home. You can take the first step today by contacting Rachel or visiting her Atlantic Coast Connection website

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

Be a Part of the Future Tyson’s Corner By Buying a New Home Today

Sun, 17 Jan 2010 19:39:22 -0600

Tyson's Corner, VA is only 15 miles from our nation's capital and is considered part of the Metro DC area. Located in the heart of Fairfax county so close to Washington DC, it is hard to imagine the 1950's when this area was considered as rural. Then Tyson's Corner was marked only by a general store at the intersection of Routes 7 & 123.

The Tyson's Corner of today may currently be defined as "Commercial" or port of the "Urban Sprawl" found on the outskirts of Washington DC. It's currently mostly known for its premier shopping, offices, large malls and auto dealerships. That is because it is home to the state's largest mall along with 2 other nearby premier shopping centers. With over 46 million square feet of office and retail space, it is the 12^th.largest business district in the country. Being part of the Dulles Technology Corridor has also brought Tyson's Corner some recent notoriety.

Tyson's Corner is currently undergoing a planned "Urban Renaissance" and is changing rapidly. Right now, about 20,000 residents call Tyson's Corner their home by night where by day the area is home to as many as 120,000 people who work there. But this is about to change and with the upcoming Silver Line already underway, change is happening rapidly.

Finally, after years of delays and promises, the Dulles Metrorail is now on track to bring the Silver Line through the Dulles Technology Corridor. with 4 stops in Tyson's Corner. The first phase is scheduled to open for service in 2013. This has lead to some major urban planning with sweeping changes being unveiled for a completely newly revived community and infrastructure.

Tysons Land Use Task Force envisions its future as a livable, vibrant sustainable urban center of the 21^st century. The vision entails a place where those who work here can own a home here, in a community that will sustain its residents and their needs all the way through retirement.

This "new" Tyson's Corner will have a much better balance of housing and jobs. Those who live here will have access to every conceivable amenity from its shopping and dining to increased access to community events and recreational opportunities and facilities.

Local urban planners envision doubling the jobs, up to 200,000 and having affordable housing available for upwards of 100,000 residents within the coming decades. Envision this: an exciting new sustainable community, home to a new green network that links existing parks with open space, and newly created parks.

This new urban development plan is not just about more buildings, but really is about creating a place where people want to be. A place where people want to be a part of the community and are safe to walk or bike around and enjoy the amenities. It's a place where singles and families can enjoy life and call home. Tree-lined streets are in the plan, as well as more public spaces. More public art and parks are also in the works.

To be a part of this growing upscale community, you will want to start looking at your real estate options now by working with a top area Realtor like Rachel Valentino. Right now there are some very diverse housing options available in the area. Depending on your needs, you can currently find historic homes, condominiums, townhouses, and single-family homes all the way up to luxurious estates for sale in and around Tyson's Corner.

Give Rachel a call today to look over and discuss your options and get started on finding a home in Tyson's Corner before the area housing market explodes. Be part of this exciting new Urban Renaissance" by starting your search at The Atlantic Coast Connection website.

And don't forget that the First time home-buyer credit has been extended. But taxpayers must purchase or be locked into a contract to close before midnight on April 30, 2010 to qualify.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

Buying a Condo in the DC Area? Don’t Forget to Consider FHA Financing

Thu, 07 Jan 2010 15:35:22 -0600

Are you looking for a way to purchase a condo in DC? Wishing that you could find a way to buy your dream condo but lack the money for a down payment? Or are you just getting started and the traditional lenders won't give you a chance to buy a condo in today's tightened lending environment.

Well, there's great news for those looking to purchase a condo in the Metro DC area! The FHA is finally adjusting to market changes and demands and loosening some of their strict condo buying guidelines. View Changes.

These new changes are exciting, making FHA backed loans for condos a popular choice. And it's no surprise considering the current ultra strict guidelines established by conventional lenders requiring higher credit scores and bigger down payments.

Bottom line, right now you can potentially take advantage of the distressed market by purchasing a condo with a FHA backed loan. This allows you to not only take advantage of the currently slashed condo prices in today's market but to do so with a small down payment. Coupled with the current low interest rate, FHA condo mortgages are not only popular, but also a smart move for potential buyers.

And if this is not enough to make you consider a FHA mortgage for a new condo, here's more to consider:

• First time homebuyers are combining the attraction of current FHA backed loans with the $8,000 First Time Home Buyer Credit which was just extended until April 30, 2010!

• FHA credit requirements are not as high as traditional lenders which allows buyers with blemished credit the opportunity to still obtain a mortgage providing they can show they have an established (reasonable) history of paying their bills.

• If the condo you choose already has FHA approval, you can get a mortgage in as little as two weeks. If it is not on the approved list, guidelines for spot approval have recently been loosened in favor of the buyers.

• The FHA offers a Kiddie Condo Loan Program allowing young adults to access the market of condo buying by qualifying with a co-borrower. This is a great way for young adults who may not have a chance otherwise to get started and establish a solid credit rating.

• The FHA definition of a condominium may include dwelling units in detached, semidetached, rowhouses, garden-type, low- or high-rise structures. This expands the condo market for the buyer who may traditionally be thinking only of the newly constructed condominiums.

With the help of a top Realtor, such as Rachel Valentino, you may be able to find a great home option, an affordable condo in on of DCs prime neighborhoods or suburbs you previously thought of as out of reach. Imagine living in a neighborhood with great views and with the best school systems - it may not be just a dream, but a real possibility.

Why not call Rachel Valentino today to discuss your options. She can work with you in today's condo market here in the entire DC metro area. Read Previous Article on Buying a Condo.

With reduced prices on condos, low mortgage rates, low down payment options, a FHA Condo Loan may be your ticket to living in a new condo in 2010. But these market conditions won't last for ever as the economy recovers and the First Time Home Buyer Credit is scheduled to end April 30, 2010. Be sure to start looking early and you many still be able to claim the home purchase on your tax returns for 2009. Visit Rachel's Atlantic Coast Connection website today to get started.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

More Good Reasons to Feel Good About Calling Washington DC Home

Thu, 24 Dec 2009 23:47:56 -0600

Somehow the history, the diversity, the political power and future technology aspects all blend together creating this dazzling and vibrant city. It is a city full of history and promise of tomorrow. This city is a proud reflection of the strength and character of those who live and work here. It is a city where people are investing in tomorrow. It's a great place to live heading into 2010.

Here are some "More Good Reasons to Feel Good About Calling Washington DC Home":

1) It's a City of the Future

Researchers here are developing ideas that could revolutionize the world. According to the Washington Post, "The boom in government spending is attracting keen interest from big utilities, technology firms, start-ups and the lobby firms they employ. And it has foreign investors scouting real estate opportunities." Read article

2) The City's Backdrop is Dazzling

Prominently sitting on the crest of the hill facing the city is The "Congress House" which sets the tone for the city. At times, it can seem like you are living in a picture book. Just a few spectacular pictures are posted here if you'd like want new wallpaper for your desktop. Check out the beauty of DCs famous sculptures.

3) World Class Shopping and Dining

Located just inside the DC line, on Wisconsin and Connecticut Avenues, you will find the "Rodeo Drive of the East" with high-end shops like Saks Fifth Avenue, Tiffany and Cartier.

Get Expert Advise on DC Dining from Travelers Magazine Best of Washington, D.C.: Restaurants offers expert recommendations of the best places to eat in four price ranges: budget ($), moderate ($$), expensive ($$$), and luxury.

Washingtonian's list of 101 Favorite Restaurants offers a list of the finest dining in DC, Maryland, and Virginia-ranked in order plus much more.

4) So Much to See and Do

Best of Washington, D.C.: Must-Dos Part of the Places of a Lifetime series from Traveler magazine

DC is also home to a number of artists. Here is a map of DC area art locations of Studios, Galleries, Personal Artist Studios, and Art Centers. And there is the city wide effort of "Art on Call" Learn More

5) We Have The Capitals

The Capitals have fun on the ice, and that makes them fun to watch. The players are actively involved in the community in such events as Toys for Tots inspiring & motivating kids and adults alike. Get your "Courage" hat or shirt today to show your support.

6) It's Clean and increasingly Green!

There are many programs working to make affordable housing and its neighborhoods green in Washington, D.C. and the National Capital Region. Along with the federal funding for corporations in the area to take advantage of, Washington DC is indeed a "Green City" of the future.

7) There Are SO Many Housing Options

There really is something to meet everyone's needs in the DC Metro area. Within the many neighborhoods you will find different and distinct stylistic varieties and periods. There are historic homes available along with many newly built options. There are single family homes, townhouses, row houses, condominiums, & new waterfront developments - all the way up to horse ranches and glorious mansions and estates.

With so many residential options, everyone can find a place to call home within Metro DC. One can find excellent schools, a booming economy and a variety of recreational activities. To find a perfect home only depends on defining your specific needs and working with the right Realtor^® such as Rachel Valentino. You can visit her Atlantic Coast Connection website today to see what's available.

2010 is indeed the perfect time to live and work in the Washington DC area. And don't forget that the first time home-buyer credit has been extended to include repeat buyers.. But taxpayers must purchase or be locked into a contract to close before midnight on April 30, 2010 to qualify. So call Rachel today to see if you qualify and get started on finding your new home for 2010.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

5 Good Reasons to Feel Good About Calling Washington DC Home

Wed, 23 Dec 2009 11:09:34 -0600

As the year 2009 comes to a close, it seems like a fitting and proper time to reflect on just how rewarding and exciting it can be living in Washington DC as it boldly steps into 2010 as a great American city to live in. It is emerging from the global recession known as a "world class city". The pulse of this city is so strong and vibrant that some residents actually claim to "feel" the excitement and electricity" in the air.

Here are "5 Good Reasons to Feel Good About Calling Washington DC Home":

1) Employers Want to Be Here and are Bringing Their HQ's to the DC area

Big corporations are coming here and staying here. Big names like Volkswagen, Hilton Hotels, Google and many more now call this area home. Big corporations bring in larger number of jobs. There's more coming from all over the world as the DC area increasingly attracts the attention of the international business world.

2) Location Location Location

Three airports with increasing international flights from Dulles along with an extended Metro route make the region an ideal gateway. With increased federal contracting,this makes proximity to Congress and the agencies a big plus.

Oh, and by the way, when you live here, you're within a few hours from everything nature can offer. It's like having "post card views" at your fingertips. You've got mountains, rivers, vineyards, the ocean, and tons of parks." And its "location, location location" filled with tons of history. Imagine who came before you, in another time, as you live in an area where we stroll through Capital Hill and float down the Potomac River.

3) It's a Spectacular Place to Live During the Holidays

What do people do in DC during the holiday that's special? Click here to visit About.com's "Top 10 Washington, DC Holiday Activities" list to make sure you've covered all your bases.

Right now, if you are a resident, or will be visiting the area, you'll want to remember to visit The National Christmas Tree and the Pageant of Peace in President's Park just South of the White House. You won't want to miss seeing Santa's Workshop viewable up until Christmas Eve. And there is the nationally renowned free nightly musical performance going on each night until Jan 1, 2010 for everyone to enjoy.

4) Distinct Neighborhoods Make Being Unique Special

The district of DC has 127 total named neighborhoods. See Map. Of these, there are 46 designated historic districts, Each neighborhood new and old, has it's own individual history and unique character. Check out the renovated "Friendship Arch" in Chinatown.

And there are great neighborhood and block parties to enjoy like Caribbean Parade , the Fiesta DC festival, the Gay parade, and the Emancipation Day parade.

Here is a nice page with interactive links to the various neighborhoods within the district of DC.

5) The Diversity

Washington DC is a great example of an "American Melting Pot". Here you can actually feel as if you have traveled around the world without ever leaving the city. There is such diversity found everywhere here. You'll find a wide array of everything from architectural structures and arts to the food, language and cultures found within the DC Metro area.

From Olympians, Foreign Dignitaries, Politicians, and Lobbyists to Artists, Performers and Actors or maybe even a Corporate Giant, you just never know whom you will meet on the social circuit in DC.

With such diversity, history and beauty, you can see why Washington DC real estate is still so popular. But real estate buying in the Metro area can be complex so you want a REALTOR^® you can trust, one who knows the area and has a proven track record.

Rachel Valentino is just such a person - she's a top specialist in the D.C. area no matter what your needs are. Contact her or check out her Atlantic Coast Connection website today.

And don't forget that the First time home-buyer credit has been extended to include repeat buyers. But taxpayers must purchase or be locked into a contract to close before midnight on April 30, 2010 to qualify. So call Rachel today to see if you qualify and get started on finding your new home for 2010.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

301 Massachusetts Ave NW #505

Sun, 20 Dec 2009 09:21:28 -0600

Rachel Valentino | Long and Foster Real Estate Inc. | rachel.valentino@lnf.com | 202.270.6972

301 Massachusetts Ave NW #505, Washington, DC

Stunning interior, Fully Furnished with great views!!

2BR/2BA Condo

$3,100/month

Bedrooms	2
Bathrooms	2 full, 0 partial
Sq Footage	953
Parking	1 dedicated
Pet Policy	Cats, Dogs (any)
Deposit	$2,800

DESCRIPTION

2 BR/2 BA stunning interior w/ GARAGE PARKING & STORAGE incl. 3 Blocks to new Safeway! Wide-plank mahogany hrdwoods & master overlooking breathtaking stained glass windows. The Arts @ 5th & I will be anchored by Me by Melia hotel, Zenith Art Gallery, cafe, bike shop & a subterranean jazz club. Building boasts roof deck, concierge, fitness room & marble lobby.../td>

see additional photos below

RENTAL FEATURES

- Air conditioning	- Hardwood floor	- Tile floor
- Granite countertop

COMMUNITY FEATURES

- Garage parking	- Fitness center	- Secured entry
- New property (< 5 years)

ADDITIONAL PHOTOS

Primary	Kitchen
Living Area	Master Bedroom
Master Bath	Roof Deck View

Contact info:

Rachel Valentino

Long and Foster Real Estate Inc.

rachel.valentino@lnf.com

202.270.6972

Equal Opportunity Housing

Posted: Dec 20, 2009, 5:17am PST

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

All Aboard! Dulles MetroRail Silver Line to Reston, VA

Sat, 19 Dec 2009 21:01:18 -0600

All aboard as the new Dulles Metrorail permanently connects Northern VA to Washington DC! One sure to be popular new stop along the new Silver Line is the Wiehle Ave station in Reston, VA that is scheduled to open in 2013. This will offer unprecedented access through the region, bringing new options to Reston residents who are seeing both work and residential options opening up for the first time in a long time.

With new access to the Capitol City, Restonians can now easily commute into the city for jobs. And even closer, just down the new Silver Line, is Tyson's Corner where the job market is set to take a dramatic increase over the next few years bringing even more new job opportunities to those living in the area. Dulles Metrorail Sliver Line is making Reston VA an ever more visible residential area along what is now being referred to the Dulles Technology Corridor.

Today there are approximately 63,000 residents of Reston VA (Restonians). Only 17 miles outside of Washington DC, this community (CDP) is now being referred to as "an edge city" but seems to still hold on to its originally intended charm. Left behind is the hustle and bustle of the big city; here life is much simpler. Here you can meet your neighbors out on a nightly stroll around a lake or down a nature trail, here the kids laugh and splash in a lake, and there are still those who enjoy a good tennis match after work as a fun & healthy way to end their day.

That's because it's a planned community that still follows the plans set forth in 1962 in regards to development of the area. In the creation of Reston, it was hoped that all Restonians could live, work and have recreation in their own community. Equally important was that everyone have access to common grounds and the scenic beauty shared equally among all income levels.

Originally one of the first parts of Reston was designed to look & feel like the Italian coastal town of Portofino. And even today, you still won't find any chain stores or chain restaurants in Lake Anne, because they're still not allowed. In true suburban contrast, in other parts of Reston, big business is definitely welcome - with more than 1 million sq. ft of office space available.

What Reston has to offer its residents reads like a resort brochure. The recreational facilities include16 pools, 47 tennis courts, and numerous multi-purpose courts that are used for basketball, soccer, etc. There are miles of beautiful groomed walking and bike trails throughout the area. In addition, there are 2 golf courses and 4 Lakes including beautiful Lake Anne. And ice-skating is still popular in the Town Center during the wintertime.

Aside from the plentiful recreational aspects, local residents also enjoy local art galleries, shops, restaurants, museums and even a local professional theatre group. Northern VA is also renowned for its top school systems. So when you add to the mix the upcoming addition of Dulles Metrorail, you can see why it's so popular for residential homebuyers.

Right now there are a lot of residential opportunities in the Reston area to consider. With average home prices in the mid $400k range, Reston makes it easier for new homebuyers and those with families to become homebuyers. If you're interested in this area or any of the areas along the new Silver Line, give top Realtor^® Rachel Valentino a call today to look over your options.

And don't forget that the first time home-buyer credit has been extended to include more homeowner. But taxpayers must purchase or be locked into a contract to close before midnight on April 30, 2010 to qualify. So call Rachel today to see if you qualify and get started on finding your new home for 2010.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

A Tax Credit Made for DC

Sat, 21 Nov 2009 21:11:37 -0600

A couple weeks ago, the government turned the First Time Home Buyer Tax Credit into a new and improved credit for first timers and repeat buyers alike. The way the new law was crafted is especially helpful to buyers in the DC area.

Now first time buyers can qualify for up to $8,000 off the price of a home, while repeat buyer who own and resided in a home for at least five of the last eight years can qualify for $6,500. What is especially applicable to the DC area where salaries are higher is that the income levels have been raised to $125,000 for single taxpayers and $225,000 for married couples, with a phase out of the credit if your income is up to $20,000 higher. (The higher income limits provision takes effect November 6, 2009.)

The credit, previously on life support till November 30, 2009, now runs through April 30, 2010. You need a signed contract by this date, but you have until June 30 to close. This is particularly beneficial if you are buying a newly built home or even if you want to time your move to when your kids get out of school. For the first time credit, the new dates apply to anyone, even if you had aimed for the November date with a home purchase that is underway but will miss it due to a hold up with the lender or the appraisal. However, if you are applying for the repeat buyer credit, the deal only applies to homes closed on November 6 or later; this credit is not retroactive.

Since homes in the District average nearly $500,000, the credit assures that both groups of homebuyers should have an ample supply of homes. The effect of the previous credit was to decrease the inventory of lower priced homes homes that appeal to first time buyers to just over five month worth. Now, sellers can put their homes on the market with more confidence that they will sell quickly so the seller can buy another home, often at a higher price point. The expected effect is that first time buyers will have more homes to choose from while stimulating the housing market at most levels. The credit does cut off at $800,000: previously, there was no price limit. (The thinking here is that people who buy homes in this price range probably exceed the income limits.)

Members of the military serving on extended official duty away from home for more than 90 days have an extra year to qualify for the credit and are not subject to the repayment clause if they have to move in less than three years. These terms apply to all members of the uniformed services of the U.S military, members of the Foreign Service of the U.S., or employees of the intelligence community, so are big boost to DC's military community.

While the new credit does offer new opportunities to DC home buyers to get the home they want with some help from the government, homes at lower price points are expected to continue to move swiftly. Lenders expect to be busy, so mortgage processing times may be lengthy. The time to get the home buying process started is now! Don't put it off till after the holidays. Call Rachel Valentino today to discuss current residential options. Rachel Valentino is a top specialist in the D.C. area no matter what your needs are. You can go to Atlantic Coast Connection website to look for that perfect older home in one of DC's many charming historic areas, a beautiful condo convenient to work, or a more suburban place in northern Virginia or Maryland.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA

Preserving a Historic Home in DC Can Be an Enlightening Experience

Sat, 31 Oct 2009 22:46:46 -0500

Looking for the perfect historical home in Washington DC? With 46 designated historic districts, this is like going on a treasure hunt in the DC area. Hunting for, caring for, living in, and just enjoying old homes can be a very rewarding experience. The surreal lifestyle offered within the charming historic districts continue to make the older historic homes very attractive and always in demand.

Many think that one has to be rich to own a historic home but that really is not true. Contrary to popular belief, within the DC area, most historic districts are home to average middle class people of modest means. The District of Columbia, has been a forerunner in working with the National Trust for Historic Preservation and along with 37 other states, DC has enacted laws enabling individuals with incentives for owning historic properties that meet specific criteria.

The Historic Preservation move is aimed at keeping the history and urban districts alive. DC continues to be a forerunner in rebuilding communities while preserving historic buildings. Much of the money is directed towards the housing stock in deteriorating neighborhoods. The various federal and state programs are making home ownership easier for those who may need a boost to finance a new home. So now is a perfect time to reap the rewarding benefits of owning and restoring a historical home here in the DC area.

If you are looking to purchase a home with the charm of history, Rachel Valentino wants to make sure that you know about several great historic preservations and rehabilitation programs.

Current Federal, State and Local Programs:

In general, the federal government directs its efforts towards revitalizing the nations cities while providing affordable living, housing and jobs. Currently, the federal tax credits are for the larger income, housing and job producing projects - not for rehabilitating your personal home.

Keep in touch with your Rachel, a top DC area Realtor^® who can let you know if legislation changes offering federal incentives for refurbishing or buying a historic home. There are currently a couple of bills on the floor supporting individual homeowners having access to the monies for restoration.

Here are some tips on locating Federal Grant money for renovating your historic home:

1. You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide information on grants. Browse through the listings and see if you can find any grant that would support home repairs.

2. There is a grant from US Department of Agriculture called Section 504 that helps very Low-Income individuals receive Housing Repair Loans and Grants. Section 504 assistance helps very- low-income homeowners repair, modernize, or modify their homes. Loans may also be used to make homes more accessible for household members with disabilities.

•Ø Program Details: www.rurdev.usda.gov/ny/504brochure.pdf

Check out the great options available from state and local agencies

There are some great incentives to make your dream renovation come true here in the District of Columbia. Since initiating the Historic Homeowner Grant Program, the DC government has funded over $1.5 million in rehabilitation in our historic districts. There are 12 eligible districts and the agency received over 250 grant applications. The HPO hopes to impact at least another 30 projects in 2010.

Look at the actual results of how this money can be used to recreate the original beauty and richness of these old homes. If you want to see the dramatic changes made possible through this program, you can view before and after photographs of recently completed projects at

HPO Gallery of Homes.

Residential properties located outside of these historic districts may be eligible for the Single Family Residential Rehabilitation Program offered by the Department of Housing and Community Development.

If all else fails, a 203K loan may provide the needed funds.

Can you imagine yourself living in a home with lots of history, unique detailing, and rare craftsmanship? DC property offerings are a wealth of historical properties and historic districts.

So if you really want to make owning a historic home a reality call Rachel Valentino today to discuss current residential options. Rachel Valentino is a top specialist in the D.C. area no matter what your needs are. You can go to Atlantic Coast Connection website to look for that perfect older home in one of DC's many charming historic areas. Be a part of the Urban Renaissance by helping preserving the past.

RACHEL VALENTINO -- The Atlantic Coast Connection

www.rachelvalentino.com · (c) 202.270.6972 · (f) 202.290.1204

Long & Foster Real Estate, Inc. · Friendship Heights office: 202-364-5200

Thank you for referring your friends and colleagues!

#1 Individual Producer at DC's #1 Real Estate Office...2009 Washington Life Magazine's "The Young & The Guest List"...2009 Washington City Paper's "Best Real Estate Agent"

Licensed in DC, MD, & VA