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By Jonathan Fox

January 18, 2016

Jonathan Fox is a real estate agent with Coldwell Banker Residential Brokerage Dupont/Logan.

Recently, I’ve had some extended discussions on the troubling issue of scarce affordable housing and how that has hurt a generation of would-be first-time home buyers (specifically millennials) in the Washington area.

One session of clicking around online and you know that housing in this area will cost you more than you feel comfortable spending — unless you have a trust fund, equity from a previous property (meaning you are not a first-time home buyer) or somehow find a way to get ahead of crushing debt and cost of living in time to save for a down payment...

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WASHINGTON, DC - JUNE 23: A "For Sale" sign sits in the front yard of a townhouse June 23, 2015 in Northeast Washington, DC. Purchases of new homes in the U.S. rose in May to the highest level in seven years, signaling that the industry may be gaining momentum heading toward the second half of the year. (Photo by Drew Angerer/Getty Images)

By Jonathan Fox
February 23, 2016

Jonathan Fox is a real estate agent with Coldwell Banker Residential Brokerage Dupont/Logan.

Without a doubt, showing property is one of the more rewarding aspects of what I do as a real estate professional. It’s a great feeling when you finally end up showing “the one” to your clients.

It starts with the exc...

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(Wilfredo Lee/AP)

By Jonathan Fox
March 29, 2016
Jonathan Fox, a real estate agent with Coldwell Banker Residential Brokerage Dupont/Logan, writes an occasional column about Washington-area housing issues.

If you’ve been paying attention to this year’s political debates, you’ve probably read or heard a lot more about the inability of the younger generation to get a foothold in this economy than in previous elections.

The financial challenges in today’s world are real. And to some groups it often feels like the hill to climb gets steeper by the year. We can all agree the world economy has changed tremendously in the past 50 years and that owning a home (not renting for a ...

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By Jonathan Fox June 21, 2016
In selling residential real estate for more than 10 years, I’ve been in a lot of properties of all shapes and sizes.

Regardless of the type of property, every seller has one goal in mind: to get the most money possible from the right buyer.

Here are some tips to enhance your chances of getting the top dollar for your property:

• Lose your emotions. This is a tough one, so I put it first. When I sit down with sellers for the first time (often months ahead of our prospective list date), I regularly start by saying something like “this is no longer your home, rather this has to become your product.” I mean this.

It’s not easy to leverage an...

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(John Bazemore/AP)

By Jonathan Fox

August 22, 2016

If you’ve been through the home-searching process at some point in your life, I don’t have to tell you how emotionally draining the experience can be. From open house to closing, there are many elements a buyer has to consider on top of a number of mini compromises that need to occur between all parties to make any deal work.

So as a seller, having a committed and invested buyer can make a real difference in the outcome.

As I’ve said many times to my clients: The real estate transaction is unlike buying or selling anything else because it involves lots of money and emotion, plus a very human element (on all sides) that can tran...

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Mortgage application. (iStock)

By Jonathan Fox
November 15, 2016
It is sometimes shocking to me as a real estate professional how little emphasis is placed on the most valuable part of the home buying or selling process. And I would venture to guess the average home buyer or seller would not agree, at first, with my assessment of what exactly the most important aspect of the transaction is.

Sure, nothing is unimportant when dealing with contracts, deadlines and inspections. But at the end of the day buyers and sellers share one common concern when dealing with real estate, and that concern is money. Without it, there would be no transaction and therefore nothing would be of importance. Unfortu...

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Kensington is among the most popular communities in Montgomery County. (Justin T. Gellerson for The Washington Post)

By Jonathan Fox September 20, 2017
If you’ve lived in Montgomery County long enough to make a mortgage payment, I do not need to tell you the cost of living is among the highest in the country. Yet median home prices in the county vary widely — from the mid $200,000s (Montgomery Village) to more than $1 million (Chevy Chase).
Data shows there are four metrics which tend to drive local home prices in Montgomery County — schools, Metro access, distance to D.C. and proximity to retail (pretty much in that order).
Here’s a look at the county’s most popul...

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Top developers and first-time home buyers alike are all looking for the next hot neighborhood where investing is not only safe but will yield the highest return on investment.

Over the years, many communities have become suddenly hot — from Shaw, to H Street, to Petworth, to North Bethesda.

Now, the next hottest neighborhood is . . . Ballston, Va.

Here’s why:

North Arlington — anchored by the Metro, Interstate 66 East and four bridges to the District — has long been the epicenter of Northern Virginia’s urban development. For years, Washingtonians and area businesses have gravitated to this Virginia suburb given the proximity and easy access to dow...

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