Reply to Tempted to move to great falls from McLean as prices seem to be falling

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not so much panicked as thinking that real estate agents decided they needed a 'cheaper' area of Great Falls to sell, and created 'factors' that allowed them to lower the price of homes in certain parts. All they needed was a few desperate homeowners willing to sell at a lower price and you have comps.[/quote]

Some areas in Great Falls always had lower price points- south of Georgetown Pike near Springvale all the way to Route 7, anything west of Seneca, Lexington estates, Riva Ridge, older area down by Colvin Mill.    These were developments.  If a sale seems on par with similar properties yet was a relo company sales are deemed not valid.  Something can be overpriced and sit or accurately priced and sell.  Some of the best comps were thrown out just because a relo company was involved.

Desperation sales /fire sales/foreclosures/short sales  also aren't used by the county.  Fairfax County wants to keep GF's assessments high to get more taxes which is why they toss out valid comps.  [/quote]

A lot of reasons you point out are actually excuses. Combine that with a few real estate agents dominating the area, the lies about a 'longer commute' (Most of the traffic starts AFTER the intersection of Walker and Georgetown Pike going towards the beltway. We drove every day from west of Walker to Potomac and encountered traffic starting just before the stop sign at Swinks Mill (where that log-house add-on is). We could avoid most of it by turning right onto Old Dominion and heading back and around onto Swinks Mill, then back onto Georgetown Pike. We could leave the house just before 8, stop at Starbucks in Potomac, and get her to school by 7:45 AM. This is from *gasp* the "wrong side of Great Falls", as real estate agents love to call it. So much easier to make a commission when you have the luxury of creating non-existent issues!

In addition, Forestville does not have the mold problems that GF Elementary does. HUGE reason to zone into Forestville.[/quote]

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