The Amazon Effect: What Their Headquarters Announcement Means for Northern Virginia

By Tara L. Christianson on Nov 21, 2018 10:39:34 AM

It’s being called “The Amazon Effect,” and it has everyone in the Northern Virginia, Southern Maryland, and Washington, DC areas speculating on what’s going to happen next. If you’re unaware of what the Amazon Effect is – Amazon has recently announced that it’ll be building headquarters in two new locations: New York City and Crystal City in Arlington, Virginia. Whether you’re a homeowner, investor, renter, or someone who’s a potential buyer in these areas, you know that there will be some residual effect on transportation, traffic, school availability, and home prices. We asked some of our in-house real estate experts what they think about the Amazon Effect and, as expected, reactions were varied. Here’s what they had to say.

The Hype Alone Will Have an Effect

C21 Redwood Frederick agent, Bo Clevenger, notes, “Northern Virginia is full of high-tech companies already. Realistically this is just a drop in the bucket, and it should have only a minimal impact to the area, BUT there is so much hype associated with Amazon and the HQ East that there will be unfathomed results blamed/tied to the move.”

Russ Conners, Executive Vice President and Managing Broker of our Reston office, agrees with Bo:

“The impact will be mostly on residual real estate speculation and the hype over the Amazon name. We have a job surplus locally, so it will not make as big a splash as it would in other areas where tech jobs are in shorter supply. For example, ExxonMobil left Northern Virginia with the same number of employees and the impact was not directly noticeable.

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Does the Chandelier Convey? Fixtures and Personal Property

By Tara L. Christianson on Nov 14, 2018 1:28:57 PM


Your buyers are getting ready to move in after a seller post-settlement occupancy, and you get a panicked call. The sellers removed the attached bookshelves in the living room and a few other built-ins that were scattered around the house. They also took the riding mower out of the backyard shed. What happens next?

First, the resulting confusion could have been prevented if the sellers had been adequately advised before they moved out. Sharon Ferguson, a CENTURY 21 Redwood Realty agent from Fredericksburg, says she’s never had a scenario like this happen in her 10 years of real estate. “That's due, in part, to my advice to sellers to remove and/or replace items that the sellers wish to take with them BEFORE the house goes Active. If they can't do that for any reason, I advise them to hang tags on the items that read "Does Not Convey." If the item is large, such as a tractor or riding lawnmower, I put in the remarks section of the listing that it either conveys, or does not, or is negotiable...whatever the case may be. Doing things this way heads off a lot of potential problems.” Locust Grove agent Ruthan O’Toole agrees that it’s best to have any replacement for a fixture, like a light fixture, visually in place before the home goes on the market: “It is smart to have the replacement fixture visually apparent for buyer to see what will be in the place of the chandelier or personal fixture not conveying.”

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