Please check out my newest listing in Sterling, VA. 4/3/2 car garage single family home on a cul de sac backing to trees. $515,000. Please check out the full photo tour in the link.
I live in Leesburg, VA with my wife and 2 children. I'm a Realtor with Long & Foster in Ashburn. I can be reached at 703.726.3427 or [email protected]. Visit me at markmiller.lnf.com.
This page is about helping folks learn about real estate and lending trends both locally and nationally, to promote my services as a Realtor, to market my properties for sale & rent and to serve as a Real Estate resource for those who have a need.
Please check out my newest listing in Sterling, VA. 4/3/2 car garage single family home on a cul de sac backing to trees. $515,000. Please check out the full photo tour in the link.
The best time to buy a home is when you need to buy a home. All seasons have their advantages, even the fall holiday season.
A new American Legion Bridge will improve traffic congestion on the west side of the DC region like the new Wilson Bridge did for the east side 11 years ago. Another river crossing to the west would be even more beneficial but this is a great achievement nonetheless.
Virginia Gov. Ralph Northam and Maryland Gov. Larry Hogan today announced an agreement to create a new, unified Capital Beltway, replace the aging American Legion Bridge and relieve congestion at
Unsolicited feedback posted to other networking sites is so kind. People only chime up when things don't go well. (Fortuntately, that doesn't happen for me.) But to get such a glowing review rejuvinates my desire to help people make their most expensive life decision. Thanks, Jeff!
"Mark is an amazing relator. He helped us purchase our first home, and sell that same home 9 years later. From start to finish, Mark partnered with us; which made the entire process effortless and stress free. His knowledge and experience was essential to helping us avoid and issues and/or delays in selling our home. Mark is so much more than just a good relator, he is a trusted friend. "
Accent walls are a fantastic design element to add some pop to your home. In particularly like the reclaimed wood walls. Thinking about that for our home. What style do you prefer?
We've highlighted a few favorite accent walls from our model homes to hopefully provide a little inspiration and insight for your next home project.
Mortgage rates are rising. The 30 year fixed rate conventional mortgage is hovering around 5%. When shopping for a home loan, please understand that the cost of money is the cost of money. If the prevailing rate is 5% and a lender is offering you 4.625%, it's probably because they are charging you upfront fees called "points" or they are slipping it in as an "origination fee." Either way, it could add thousands of dollars in upfront costs to save a little on the monthly payment. Just remember to compare apples to apples. If you need basic help, I'm happy to review with you. If you'd like more expert help, I'm happy to refer you to a lender that will help you evaluate your offers. You'll either find that the deal you have is the best or you'll get something better.
While I don't have a South Carolina real estate license, I do know a good one. So, if you know the person in SC that won the 1.6 Billion, I can still refer them to a good realtor to help them invest......or buy a $10,000,000 Brownstone on the water in Historic Charleston!
When you win the $1,600,000,000 lottery this week, you'll need to diversify your investments. Did you know that you can buy a single use tenancy building, have no landlord responsibility and collect rent every month? You could buy a Walgreens for about $5,000,000 and get a 6% return for the duration of the lease. Usually 10 years or more. They usually renew the leases because how often do you see Walgreens go out of business? If you only win a $300,000,000 lotto and don't want to spend that much, Dollar General stores can be had for less than $2,000,000!
If you win the billion dollar lottery tonite, I’m happy to help you buy your mansion and invest in commercial real estate!
My newest listing in Ashburn, VA. The Tyler model is one of the best layed out townhouse floor plans around. Let me know what you think.
VHT Virtual Tour
Keep your home clean by taking care of some of these overlooked areas.
Don't wait until something goes wrong to start paying attention to these areas of your home.
Preliminary photos from a log cabin I'll be selling in Baker, WV. It's about 2 hours from metro DC in Hardy County. It has 2 bedrooms and 2 bathrooms. The home is so well built that it doesn't have air ducts or drywall but is always comfortable inside. It sits about 2500 feet above sea level on over 30 acres of wooded mountains. It'll be priced in the upper $400's. It's ideal for country living or weekenders looking for a nature spot or for hunting. Restuarants and shops are about 10-15 miles away in either direction in Moorefield and Wardensville. You can actually build another building next to the house or on the adjoining property.
With the unofficial start of summer upon us, it's also the unofficial start to the grilling season. This video offers some safety tips for getting your gas grill ready to make steaks.
Using your grill this #MemorialDay weekend? Stay safe by checking to make sure your grill is working correctly. 👍🔥🍔🌭🌡️🎉🌞
#BBQSafetyTips #MemorialDayBBQ #MemorialDayWeekend #NationalFireProtectionAgency
The CEO of Zillow sold his house. His "zestimate" was $1,800,000. His house sold for $1,300,000. The CEO of For Sale By Owner used a Realtor to sell his house. Find a trusted Realtor and you're more likely to have a lower stress experience buying or selling your home. I can provide you the help you want in Virginia, West Virginia and Maryland and refer you to a likeminded Realtor in any other state or country.
The great State of Maryland, my former home, has decided that I can now practice real estate in the Old Line State. Despite living in Maryland for many years and operating with the same Multiple Listing Service as Virginia and West Virginia, a separate license is required. I passed the exam today. So, if you'd like the same level of service I've provided to my other clients, I'm happy to help you buy or sell in Maryland. (And still in VA and WV.)
Whichever of the many foolish reasons for why we have Daylight Saving Time, we still have to turn our clocks ahead an hour this Saturday night/Sunday morning at 2 a.m. Otherwise, we'll all be late.
You might think that daylight saving time was conceived to give farmers an extra hour of sunlight to till their fields, but this is a common...
Many folks in my area suffered roof/siding damage from last weeks high winds. Were fairly lucky in that all we lost was a shutter and the basketball poll (backboard is still intact.) The first inclination is to call your insurance agent. DO NOT DO THAT! Merely calling your insurance agent will create a ding on your file that could ultimately cause higher premiums in the future. You have a deductible. If the cost of the repair is less than twice the deductible, you're probably much better off just paying out of pocket. If you'd like to know more or ask about your current situation, please don't hesitate to call. I'm happy to guide you in the right direction or provide contractor names to help you repair the damage.
A bit of a departure from my normal course of real estate: Raw land. I've listed a residential buildable 2 acre lot with no HOA. Covered with trees and access to the Broad Run. $399,000.
If you live there, have some fun with decorating! One word of caution, if you do hang art work, make sure you keep your exhaust fan on when you shower. The exhaust fan will pull warm moisture out of the bathroom preventing damage to non-waterproof accessories like art work.
Looking to add some of your own personal style to your bathroom? Here are a few easy ways to add a little oomph to the powder room.
Keep an eye on your trees. If you can spot a dangerous or dying tree, professional trimming or removal can save other trees or even your house.
Hardwood floors are extremely durable. However, they do need cleaning. Getting the dirt up will help prevent scratching. Also remember to check the bottom of movable furniture like chairs and stools to make sure the legs/feet have proper padding. The local home improvement store will have stain markers you can uses to fill in any scratches after you've cleaned.
If you're local to Loudoun County, VA:
The Loudoun County Continuum of Care Cold Weather Shelter is now open for people in the community who are experiencing a housing crisis resulting in homelessness.
The Cold Weather Shelter provides a warm, sheltered sleeping environment for people in the community who may be experiencing homelessness. The shelter is open from 9:00 p.m. to 7:00 a.m. each night and provides case management, mental health services and other resources.
A few key components of the Cold Weather Shelter:
The shelter is open from November 15 through March 31.
The shelter is located at the Loudoun Homeless Services Center, 19520 Meadowview Court, Leesburg, VA 20175
The Cold Weather Shelter is open to adults only. No one under the age of 18 will be admitted.
Security is present and all backpacks and bags are searched prior to entry.
Who to Call for Help
If you or someone you know is homeless and needs a warm place to sleep, call the Cold Weather Shelter at 571-258-3033.
People who are faced with housing instability or homelessness may also call the Loudoun Coordinated Entry System Intake Line, Monday through Friday, from 8:00 a.m. to 4:00 p.m., at 703-777-0420.
If you and your children under 18 are in a housing crisis, call the Loudoun Child Protective Services Hotline at 703-771-5437.
The Loudoun County Continuum of Care (CoC) is a community coalition of public, nonprofit, and faith-based organizations that provide a variety of shelter and support services to persons who are homeless or at risk of becoming homeless. The Loudoun County Department of Family Services provides staff support to the Continuum of Care.
For more information on the Continuum of Care, visit www.loudoun.gov/CoC or contact Continuum of Care Coordinator Jennifer Hope at [email protected] or 703-777-0353.
Continuum of Care
From the Loudoun County, VA Treasurer, via the IRS, regarding prepayment of property taxes: In summation, if you prepay your property taxes in hopes of deducting them from your 2017 income taxes, you can only take the additional deduction if your 2018 property assessment was made in 2017. For most people, I suspect, prepaying your 2018 property taxes will only serve as an interest free loan to your municipality. Consult with your tax adviser before laying out thousands of dollars that may have no taxable benefit.
As there is a tremendous amount of interest in the prepayment of Loudoun’s Real and Personal Property, we are putting out a bulletin from the IRS. Please consult your tax advisor but I will point out Loudoun does not assess real property until the first part of February effective January 1st and the levy in mid-April when the Board sets the tax rate.
IR-2017-210, Dec. 27, 2017
WASHINGTON - The Internal Revenue Service advised tax professionals and taxpayers today that pre-paying 2018 state and local real property taxes in 2017 may be tax deductible under certain circumstances.
The IRS has received a number of questions from the tax community concerning the deductibility of prepaid real property taxes. In general, whether a taxpayer is allowed a deduction for the prepayment of state or local real property taxes in 2017 depends on whether the taxpayer makes the payment in 2017 and the real property taxes are assessed prior to 2018. A prepayment of anticipated real property taxes that have not been assessed prior to 2018 are not deductible in 2017. State or local law determines whether and when a property tax is assessed, which is generally when the taxpayer becomes liable for the property tax imposed.
The following examples illustrate these points.
Example 1: Assume County A assesses property tax on July 1, 2017 for the period July 1, 2017 – June 30, 2018. On July 31, 2017, County A sends notices to residents notifying them of the assessment and billing the property tax in two installments with the first installment due Sept. 30, 2017 and the second installment due Jan. 31, 2018. Assuming taxpayer has paid the first installment in 2017, the taxpayer may choose to pay the second installment on Dec. 31, 2017, and may claim a deduction for this prepayment on the taxpayer’s 2017 return.
Example 2: County B also assesses and bills its residents for property taxes on July 1, 2017, for the period July 1, 2017 – June 30, 2018. County B intends to make the usual assessment in July 2018 for the period July 1, 2018 – June 30, 2019. However, because county residents wish to prepay their 2018-2019 property taxes in 2017, County B has revised its computer systems to accept prepayment of property taxes for the 2018-2019 property tax year. Taxpayers who prepay their 2018-2019 property taxes in 2017 will not be allowed to deduct the prepayment on their federal tax returns because the county will not assess the property tax for the 2018-2019 tax year until July 1, 2018.
The IRS reminds taxpayers that a number of provisions remain available this week that could affect 2017 tax bills. Time remains to make charitable donations. See IR-17-191 for more information. The deadline to make contributions for individual retirement accounts - which can be used by some taxpayers on 2017 tax returns - is the April 2018 tax deadline.
IRS.gov has more information on these and other provisions to help taxpayers prepare for the upcoming filing season.
Hey, I did good last month! Finish the year strong get a head start in 2018.
My newest listing. Purcellville, VA townhome for $298,000. 4 beds, 3.5 baths. Deck. Fence. Walk out finished basement.
Excellent opportunity for 1st time buyer or investor.
Please bother me. It’s good for my self esteem. 🙂
You’re probably not even aware that you should.
My newest listing in Sterling, VA. 3 beds/3.5 baths/1 car garage townhome for $370,000. Please view the photo tour and let me know what you think.
It’s going to be in the 20’s tonite where we live. So, since winter is coming (and you want to keep the White Walkers away,) here’s a list of reminders for winterizing your home. I made the rounds today to my vacant listings to make sure the heat was on and the pipes drained.
Here is a great checklist for getting your home winterized, including furnace, fireplace, air conditioning and other systems and components.
While it may or may not become law in some form or another, the tax reform plan in the House released yesterday includes two proposals that will affect some home owners.
1) A proposal to reduce the cap on the amount of interest a home owner can deduct. Currently, interest paid on loan balances of up to $1,000,000 is deductible from your taxes. The proposal drops that limit to $500,000. What does that mean? For most people, it means absolutely nothing because only 7% of all loans issued last year had balances above $500,000. If you borrowed more than $500,000, it means you're limited in the amount of interest you can deduct. For example (and extremely simplified,) if you currently pay 4% on $600,000 of mortgage debt, you're paying $24,000 in interest. Currently, you can deduct all $24,000. However, if the cap were at $500,000, you could deduct the interest on the $500,000 but not on the $100,000 above that. So, at 4%, you'd pay $20,000 on the first $500,000 which would be deductible. The $4,000 interest on the remaining loan would not be deductible. So, if you were in the 25% tax bracket, you'd pay an extra $1,000 in income tax. *Ed. Note: This is only for new purchases and refinances. There would be no change to existing mortgages.
2) A proposal to increase the time you have to occupy a home in order to exempt capital gains tax. Currently, if you live in a house for 24 of the previous 60 months (or, more commonly, 2 of the previous 5 years,) you can exclude $250,000/$500,000 (single/married filing jointly) of your capital gain from taxation. The new proposal says you'd have to live in your home 5 of the previous 8 years. This means that if you were to move less than 5 years after buying your home, all of the gain could be consider taxable. For example, if you buy a house for $300,000 and live in it for 2 years, if you sell it for $350,000, you'd have a $50,000 gain. (Now, that gain would be reduced by cost of sale and improvements that increase the basis of the house from $300,000 to whatever the higher number is.) Assume 6% commission and 1% closing costs and no other basis improvements, you'd have a gain of $25,500. That gain would be tax free because you meet the residency requirements and the gain is less than 250/500. Under the new proposal, you'd have to pay capital gains tax on that gain. If you were in the 25% tax bracket, that'd mean $6,375 in taxes. So, if you have lived in your home for 3.5 years as of today and were thinking of selling in the Spring, you go from having not to worry about capital gains to figuring out how to pay the tax and still have enough to put down on a new home. So, if you've lived in your home for less than 5 years and had been thinking of selling next year, you may want to consider selling and moving now to avoid paying capital gains taxes because you waited 6 months. Of course, if you have lived in your home for the last 5 years, this doesn't affect you.
If you have further questions, feel free to reach out to me. I'll continue to post more as I learn more.
20396 Exchange St
Prior to joining Long & Foster, Mark Miller was a small business owner in Ashburn for 6 years. Mark's involvement in the community helps him stay on top of the latest news and information affecting real estate. He is the Chairman of the Loudoun County Library Board of Trustees and a founder of the Smashing Walnuts Foundation, a childhood brain cancer research funding organization. With his background and experience in retail, customer service and local government, Mark offers his clients outstanding service with a personal touch. Mark was born and raised in Miami, Florida. He graduated from the University of Florida before moving to Maryland to attend graduate school at the University of Maryland. He resides in Leesburg with his wife Ellyn, and son Jake. His daughter Gabriella passed away from brain cancer in October 2013. He is licensed in both Virginia and West Virginia.
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