How Stephen Loved That We Kept Things Moving Along in a Timely Manner



What was your experience working with Michael and Melana Wilson and the NoVa Real Estate Group?

"I was very satisfied with the results. I would say they were very good at getting every document that I needed in a very timely way. They were up on everything. Whether is was them or the seller or the bank, constantly monitoring things to make sure everything moved along in a timely way."

To contact Michael or Melana Wilson of the NoVa Real Estate Group, you can reach them by phone at (703) 722-8831, by email at mwilson@kw.com or visit their website, AllLoudounCountyHomes.com

What's Going on in the Loudoun County Market?





As always, I want to sort through some market data to illustrate what's going on in the Loudoun County market. We have about three months of supply. A balanced market would have six months, so Loudoun sits in a strong seller's market. New listings are also high; far above five-year averages. Lots of new homes are a big part of this.

As a seller, days on market is a good indicator of expectations. Median days on market is 28 days, which is fast, but the average days on market is more than 70. These two figures are so far apart because some houses sat on the market for a long time.


What this tells me is that the best houses sell quickly, but just because it's a seller's market doesn't mean your home will sell quickly. Even some specific areas have an extremely strong seller's market while other areas have more of a balanced or buyer's market, if you drill down to the subdivision level.

If you have any questions about your specific situation or you just want to know your home's value, reach out to our team today. Give us a call - we look forward to talking to you.

How NoVa Real Estate Group Helped Pat by Being Quick and Stress-Free



What was your experience working with Michael and Melana Wilson and the NoVa Real Estate Group?

"We used NoVa Real Estate for two home sales and one home purchase. With the first one, they sold our house in three days, so we were very happy. We got multiple offers and we were able to go over the asking price so we were very excited about that, but that was based upon the fact that they had done so much work in advance such as prepping, marketing, giving us good advice on how to maximize the value of our property and prepare it for sale. When it hit the market, we had a ton of buyers looking at it, and so within three days we had offers and had it under contract. In the same time we bought a house using NoVa Real Estate. They were great at showing us houses and were very patient with us in helping us figure out what we wanted versus what was on the market and what was in our price range. They were excellent in getting us what we needed! Our most recent move was a relocation across country and they were our listing agents. Because it was a relocation, it involved a very complicated process with lots of rules and regulations and NoVa did a great job with the complexities of dealing with a third party involved in our transaction. They made it easy for us because they basically represented us. So it was a tremendous benefit and it took a lot of the stress off of us. They made the sale go very, very smoothly, lessened the stresses, and took a lot of it upon themselves!"

To contact Michael or Melana Wilson of the NoVa Real Estate Group, you can reach them by phone at (703) 722-8831, by email at mwilson@kw.com or visit their website, AllLoudounCountyHomes.com

New Homes vs. Resale Homes - Which Is Best for Northern Virginia Buyers?





There are many reasons why you might choose to purchase a brand new home rather than a resale home. Here are the top five reasons to purchase new construction:

1. Energy efficiency. Brand new homes are much more energy efficient than older homes. Not only are energy efficient homes environmentally conscious, they will also save you a lot of money in utility bills.

2. Lower insurance premiums. Everything is new and up to the latest codes, which gives you peace of mind while saving you money on insurance premiums.


3. Lower maintenance. Again, since everything is new and up to code, you don’t have to worry about making a lot of repairs in a brand new home. You will also have a better quality of life because you don’t have to stress out about making repairs.

4. Warranties. Builder warranties are 10 years for structural items, one year for everything else, and 3-5 years on systems. These warranties give you peace of mind.

5. Resale value. If you’re thinking of moving in the next 3-7 years, you won’t have to do much work to prepare your home for the market.

Finally, there’s one more reason to purchase new construction over a resale home. Buyers can get really good deals from builders right now. Inventory is tilting just enough that builders in our area are offering great incentives.   

If you have any questions, please feel free to reach out as we'd be happy to help you with any real estate needs!

How We Impressed Phil With Our Dedication




What was your experience working with Michael and Melana Wilson and the NoVa Real Estate Group?
"From the very start, we had a good relationship with them and they were in constant contact with us. Sometimes they would call us 2-3 times per week just to make sure that everything was going well. They were always congenial, and every day was a really good experience. They went out of their way to let us know about showings, and our Realtor would come to our home way before a showing to clean up and get the home ready to show. We were very impressed by their dedication to our home sale."

To contact Michael or Melana Wilson of the NoVa Real Estate Group, you can reach them by phone at (703) 722-8831, by email at mwilson@kw.com or visit their website, AllLoudounCountyHomes.com

How We Remained Cool, Calm, and Collected Agents for Christine




What was your experience working with Michael and Malena Wilson and the Nova Real Estate Group?
We got excellent results. I think they went above and beyond every time. Our agent was cool, calm and collected the entire time. I never felt like I was being pushed to do anything, and that was a nice change. We moved from Bangkok to Virginia, and we knew nothing about this area. They spent a lot of time helping us to understand schools and the county in general. They showed us big homes, small homes, and everything in between. They went out of their way to find us the perfect home. They were just nice people, down-to-earth. Just genuine, honest people. We really enjoyed their company. It was a very positive experience.

To contact Michael or Melana Wilson of the NoVa Real Estate Group, you can reach them by phone at (703) 722-8831, by email at mwilson@kw.com or visit their website, AllLoudounCountyHomes.com

Behind the Scenes with Your Northern Virginia Real Estate Agent



Today we're going to discuss what real estate agents do behind the scenes. For every hour that we spend with you, there are an additional 9 hours you don't know about where we are working on your behalf. For sellers, my team and I work to sell your home as fast as possible for the most money. For buyers, we work to find your dream home. There are 7 steps you should know about:

  1. Shopping online. This is something we do for buyers and sellers alike. We're looking at every house that comes on the MLS. For sellers, we want to know what the competition looks like. For buyers, we want to make sure you're the first to know about certain properties so you can get your dream home.
  2. Prospecting. We go out and look at houses just like you do. On Tuesdays and Thursdays, we go on a caravan to preview homes with your needs in mind. If we find something we think you like, we'll call you right away. This helps sellers know what they're competing against as well.
  3. Spending money on marketing. This is a really big deal for sellers. I'm constantly spending money to make sure sellers are presented in the best light possible. We use professional photography, videos, print ads, and premium placement online. Recently we even did a drone video for a client to showcase all 30 acres of her property. Marketing is key to positioning your home to sell.
  4. Writing up offers and counteroffers. We want to make sure we get you the best deal possible. It might take a couple days of negotiating with the other agent, but we do everything with your interests in mind.
  5. Working with inspectors. A good agent will go on inspections with you. We'll be there all along to represent you. We've gone on so many inspections that we really know what to look for. We can help identify any problems and we have good resources if you want a second opinion.
  6. Smoothing the bumps along the way. Not every transaction goes smoothly, so we are constantly on the lookout to make sure the process is as smooth as possible.
  7. Keeping you calm when the pressure is on. Good agents don't just hand you the key and walk away. We want your transaction to be as stress-free as possible.
My team and I would be happy to help you. If you have any questions, give us a call or send us an email. We look forward to hearing from you!

Will Student Loan Debt Prevent You from Buying in Northern Virginia?




I’ve had a few people ask me whether or not having student loan debt will hurt their chances of getting approved for a mortgage loan when buying a home. The answer is ‘maybe’. I say this because the amount of your total debt doesn’t matter so much. It’s the ratio of your debt to your total income that makes the biggest difference.

My advice to those with student loan debt is to speak with a few different lenders. Your situation will vary, and different programs may be more suited to your situation. If you cannot qualify for a loan, nobody will find out, so don't let lack of confidence hold you back. This is a confidential meeting between you and the lender.


So, please give us a call and we can refer you to some of the best lenders in Northern Virginia. Just recently, one of our lenders said that he can qualify someone with a score as low as 580. Our lenders may also be able to help you improve your credit score by making a few small changes in your finances.

Please don’t hesitate to contact us with any questions!

How We Supported Jessica Throughout Her Entire Real Estate Process



What was your experience working with Michael and Melana Wilson and the NoVa Real Estate Group?

"They helped my find a house perfect for me. I felt supported the whole time. Great advice coming in, calling me at work to let me know when they put in an offer, and texting me when there were problems with closing. My car wasn't working, and they offered to come pick me up. They were supportive, had great advice, and positive. I was very impressed with them."

To contact Michael or Melana Wilson of the NoVa Real Estate Group, you can reach them by phone at (703) 722-8831, by email at mwilson@kw.com or visit their website, AllLoudounCountyHomes.com

The Scoop About Down Payments in Northern Virginia




I’m often asked this same question, and it goes like this: “How much of my savings am I going to use to buy a new house?” You might also wonder about how much you should save and how long it will take you. Today, I’ll start with a short answer. You need less than you think for a down payment.

There are a lot of loan programs today. For example, FHA loans require as a little as a 3.5% down payment. Many people think they need 10% to 20% down when in reality, that’s not at all the case. Even so, these numbers are especially big for first time homebuyers. If these are too large and overwhelming for you, maybe it’s not the time for you to buy a home.


However, explore other loan options and programs. If you’ve been involved with the military, don’t overlook that! You may qualify for a VA loan with 0% down.

If you want to know if now is the right time to buy a home in Northern Virginia, pick up the phone and call us or send us an email. We can also put you in touch with one of our preferred lenders as well. We look forward to hearing from you!

Why You Need a Buyer’s Agent in Northern Virginia



Do I need to use an agent when building? Absolutely. Here’s why.

You need representation. The builder has someone representing them, and you need someone to fight for your best interests as a buyer. That’s why it’s critical to have an exclusive buyer’s agent with tailored experience.



Find someone with good communication and expertise. They should know the field and other sales representatives in the area. They should speak the language and coordinate the entire process.

You need access. It’s especially true for brand new, emerging communities that are still being built. You need an agent that’s familiar with new construction properties. They will know the latest scoop in local developing communities. Often, these properties aren’t available to the general public or most agents. We have early access to this information before anyone else.

If you’re interested in new construction properties in northern Virginia, reach out to us today.

How We Made Beth's Real Estate Experience Incredibly Easy



What was your experience working with Michael and Melana Wilson and the NoVa Real Estate Group?

"In working with the real estate group, we were actually able put an offer in and sign on a house that we had only gone out one day with. It was an incredibly easy experience. I felt like our wishes were listened to and respected. You could tell they tried to make sure we were happy. What we wanted was the first thing they thought about.

At first we just wanted to look at open houses. We weren't planning on making any offers, we thought we were just in the beginning stages. Melana was able to rearrange her schedule to make sure we were able to go. It was at a moment's notice, less than 24 hours that she was able to line things up for us. Even in closing, she meticulously went through the papers with a fine toothed comb. She found an error, in our favor, that saved us $150. She made sure we were well taken care of throughout the whole process, from beginning to the end."

To contact Michael or Melana Wilson of the NoVa Real Estate Group, you can reach them by phone at (703) 722-8831, by email at mwilson@kw.com or visit their website, AllLoudounCountyHomes.com

Real Estate Market Update for Loudoun County




We have recently released market reports from November 2015, and I think it will allow us to get a better pulse on what's happening in the local market.

I've made a chart of the inventory available, shown as days-on-market, and I've divided it by zip codes. The market is becoming more balanced, but there are areas where we're seeing more higher supply of homes than others. Sterling, Ashburn, and Chantilly are seeing low days on market (low inventory compared to demand), so SELLERS are going to be put in opportunistic positions in those micro markets.

On the flipside, days-on-market is high in Aldie and Purcellville so buyers will have a variety of homes to choose from, and more leverage in those areas. The major trend we're seeing throughout the market is that inventory is actually down from last year.


Another thing to take away is that real estate is very local. Even within our area, there are very different looking micro markets.  Sterling is behaving like a Seller's Market while Aldie is behaving like a Buyer's Market!

Lastly, there is a lot of new construction going on in Northern Virginia. Aldie is experiencing a dramatic uptick in construction, and it's forming two different micro markets right in the same zip code.  

It's important to know the market, and have the right strategy for the market, whether you are Buying or Selling.

If you have any further questions about our real estate market here in Northern Virginia, please don't hesitate to contact me!

How We Helped Monica by Going Above and Beyond Expectations and Being Kind-Hearted



What was your experience working with Michael and Melana Wilson and the NoVa Real Estate Group?

"They were absolutely fabulous! They went above and beyond when I used them five years ago to buy my first house and when I used them again for my second house. We had a total of four house transactions with them and they were all fabulous! In my first experience, my loan got messed up and Melana went above and beyond to find another type of loan at a similar place so she just always took care of everything and put my mind at ease. When I finally did buy the house, it wasn’t my best day and she had bought shorts and a T-shirt and Mike helped me by moving all of my stuff in because they knew I didn’t have the help. On my second house, they did the same kind of stuff. There were some snowstorms and they were still cranking out paperwork so that it wouldn’t affect anything. Also, during the house inspection, she brought food over and we had a little picnic going to keep the kids preoccupied so I thought that was above and beyond as well. It was a wonderful experience and I really feel like we got what we wanted for the money!"

To contact Michael or Melana Wilson of the NoVa Real Estate Group, you can reach them by phone at (703) 722-8831, by email at mwilson@kw.com or visit their website, AllLoudounCountyHomes.com

Tips to Help You Choose the Right Lender



Today I just wanted to talk about a couple of key factors that you should take into account when buying a home and choosing a lender.

Recently, there have been some changes in our industry that have affected mostly lenders and title companies. As a result of these changes, that took effect on October 1, homes are taking longer to close. If you are looking for a home right now, it would be wise to not only evaluate lenders based on the rate and terms of their loan, but also on the capability they have to close the loan on time.

Recently, we’ve seen several home buyers have to go through delayed closings because their lender wasn’t able to close in a timely manner. Some people went through the entire process correctly, hired the movers and had everything ready to go, only to see the closing get delayed. They weren’t able to take possession of their house when they wanted to, which caused headaches, lost time, and money. It can be an extremely stressful situation.


In today’s world it makes sense to put lender capability to close near the top of your wish list. To find out how successful a lender is at closing on time, simply ask them. Ask them how long it has taken them to close since these changes happen, and they should be able to give you a no-nonsense straightforward answer.

If you have any questions or need a recommendation for a good lender, don’t hesitate to give us a call or send a quick email. We would be glad to help in any way possible, and we look forward to speaking with you!