Flannagan Associates

Flannagan  Associates Flannagan Associates serves "Sellers" & "Buyers". Our goal is to add value for our clients! Mike represents both "Sellers" & "Buyers".
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My goal is to add value to the clients transacrion. (20+Yrs Experience Negotiations Real Estate) to wrk for you!

Just Beautiful! Looking for an 8+ acre estate home in LEESBURG?
04/13/2023

Just Beautiful! Looking for an 8+ acre estate home in LEESBURG?

18680 Riverlook Court is currently listed at $3,400,000 on Homesnap. View 118 photos of this 5 bed, 5+ bath, 9802 Sq Ft home in Leesburg, VA.

Great Community Spirit!
03/22/2023

Great Community Spirit!

Call if you’d like to talk about it!
03/01/2023

Call if you’d like to talk about it!

Mortgage demand dropped for the third straight week as interest rates moved higher again.

02/28/2023

Higher mortgage rates weighed on home price gains in December.

Looking for a real gem?
11/08/2022

Looking for a real gem?

10312 Us Hwy 340n is currently listed at $4,950,000 on Homesnap. View 49 photos of this 3 bed, 4 bath, 3165 Sq Ft home in Rileyville, VA.

I have loved Virginia Beach for the past 25 years! It’s one of the best Ocean communities on the eastern seaboard!
11/03/2022

I have loved Virginia Beach for the past 25 years! It’s one of the best Ocean communities on the eastern seaboard!

According to a recently released study, Virginia Beach snagged the No. 1 spot!

10/06/2022
09/25/2022

Not all house or communities are equal in bring value to its residents. 3 Level with only 1 HVAC system =Hecht NO! Street scene and curb appeal matter! Extre...

COMING SOON!
04/24/2022

COMING SOON!

21366 Twain Terrace is a 3 bed, 2+ bath, 2929 Sq Ft townhouse in Ashburn, VA. View more information about this property on Homesnap.

04/23/2022

My fellow agents,
I am look for agents to join my team here at Flannagan Assocaites. Would you work listings like this open houses to generate Buyer leads?

What’s your opinion of these typ virtual tours?
04/15/2022

What’s your opinion of these typ virtual tours?

Matterport 3D Showcase.

04/09/2022

Master bathroom Benjamin Model at Franklin Park

It’s Taco Tuesday peoples!🎉 I am having two BBQ Brisket taco’s on two layer soft corn tortilla! 😋😋😋 The best I have seve...
04/05/2022

It’s Taco Tuesday peoples!🎉 I am having two BBQ Brisket taco’s on two layer soft corn tortilla! 😋😋😋 The best I have sever had!

Buyers, rate are rising. Look to these tips to help your house.
04/01/2022

Buyers, rate are rising. Look to these tips to help your house.

Finding the perfect home takes plenty of strategy and careful thought and the process can be overwhelming with so many key factors to consider...

Need ideas for your basement?
03/31/2022

Need ideas for your basement?

A basement can provide hundreds of square feet of storage for your home...

The 5 Stages of Negotiation• Stage 1: Prepare o Identify potential value, Begin too understand         interest & Develo...
03/28/2022

The 5 Stages of Negotiation

• Stage 1: Prepare
o Identify potential value, Begin too understand
interest & Develop fact-base
• Stage 2: Information Exchange and Validation
o Discovering and creating value, Assess
Interest & Build rapport and trust
• Stage 3: Bargain
o Create and Distribute value, Address interest
& Make and manage concessions
• Stage 4: Conclude
o Capture value, confirm interest & Thank them
• Stage 5: Execute
o Expand value, Addressing changing interest &
Strengthen relationships!

03/28/2022

The housing market is shifting rapidly.


Let’s start with interest rates. The latest Freddie Mac 30-year fixed-rate mortgage average came in at 4.42%. That is more than a quarter of a percent higher than the week prior. Freddie Mac economists note many reasons for the significant increase, saying “Rising inflation, escalating geopolitical uncertainty and the Federal Reserve’s actions are driving rates higher and weakening consumers’ purchasing power. In short, the rise in mortgage rates, combined with continued house price appreciation, is increasing monthly mortgage payments and quickly affecting homebuyers’ ability to keep up with the market.”

Lawrence Yun, the chief economist for the National Association of Realtors, echoed that sentiment in the NAR’s recent publication on existing home sales. “Housing affordability continues to be a major challenge, as buyers are getting a double whammy: rising mortgage rates and sustained price increases,” said Yun. “Some who had previously qualified at a 3% mortgage rate are no longer able to buy at the 4% rate.”

Existing-home sales dropped by 7.25% month-over-month in February, according to the NAR’s data with an annual decrease of 2.4%. New home sales face a different kind of headwind with delayed construction due to supply chain issues and labor shortages. The Census Bureau reports the median price for a new home is up nearly 11% year-over-year, hitting $406,000 in February. However, the inventory for new homes is increasing with a 6.3 months supply now vs. 4.5 months a year ago.

This all adds up to a very frustrating, brutally competitive housing market where many potential homebuyers feel like they cannot compete. So what is happening to combat these headwinds for buyers?

Inflation is the first thing being tackled by the Federal Reserve and it is taking a very aggressive stance. The Fed recently implemented its first rate hike in three years, raising the federal funds rate to 0.25%. Fed Chair Jerome Powell has indicated that future hikes could be more aggressive to the tune of 0.50% increases instead of quarter-point increases.

It will also be extremely important to watch and see what develops on the international stage as Russia continues its assault on Ukraine. A NATO summit taking place in Brussels will result in more volatility in the global economy and affect the U.S. stock markets in the near-term.

In response to the summit, yields on the benchmark 10-year Treasury note were moving up and are now consistently coming in well above 2%. Less than three weeks ago the 10-year note yield was just above 1.7%. Mortgage rates tend to follow the movement of the 10-year note yield which helps explain why mortgage interest rates have moved higher so rapidly.

If you are looking for a source of relief with regard to rates, that will likely not happen this year according to forecasts from many economists. Many predict the moves by the Fed will help to tamper inflation, but mortgage interest rates will not move down and instead are likely to keep rising even higher throughout 2022. That means if you are currently in a position to buy a home, keep in close contact with your loan officer to ensure you lock in a rate at an appropriate time.

Open House Sunday 3/13/22 FROM 12:30-4PM6122 Franklin Park RdMclean, VA 22101
03/09/2022

Open House Sunday 3/13/22 FROM 12:30-4PM
6122 Franklin Park Rd
Mclean, VA 22101

6122 Franklin Park Road is currently listed at $5,100,990 on Homesnap. View 119 photos of this 7 bed, 6+ bath, 11797 Sq Ft home in Mc Lean, VA.

Thinking about a move? Let’s have coffee.Actively searching for Agents in the McLean area working $3m+ clients.
03/08/2022

Thinking about a move? Let’s have coffee.

Actively searching for Agents in the McLean area working $3m+ clients.

6122 Franklin Park Rd Mclean, VA photos. Before & After and  During & Finished!
03/05/2022

6122 Franklin Park Rd Mclean, VA photos. Before & After and During & Finished!

02/13/2022
We are looking for agents that have what it takes to join the ranks of Luxury Real Estate! Are you outgoing? Can you str...
09/27/2021

We are looking for agents that have what it takes to join the ranks of Luxury Real Estate! Are you outgoing? Can you strike up conversations with buyers? Would you work premium listings searching for buyer leads?

6122 Franklin Park Road is currently listed at $5,139,990 on Homesnap. View 107 photos of this 7 bed, 6+ bath, 11797 Sq Ft home in Mc Lean, VA.

Congratulations Virginia! No wonder so many people want to live here!
07/13/2021

Congratulations Virginia! No wonder so many people want to live here!

A strong workforce and a solid education system propel Virginia to its second straight win in CNBC's state competitiveness rankings.

Open House Sunday 04/18/21 12 Noon-4:30PM This home is Amazing! Tell all your friends, share the link! This house is rea...
04/16/2021

Open House Sunday 04/18/21 12 Noon-4:30PM
This home is Amazing! Tell all your friends, share the link! This house is really underpriced and represents the opportunity for new owners to move in and capture immediate equity!!! The adjacent lot has new construction home on it north of $11MM!!!

10124 Squires Trail is currently listed at $3,249,900 on Homesnap. View 79 photos of this 6 bed, 6+ bath, 11389 Sq Ft home in Great Falls, VA.

Open House tomorrow 04/03/21 from 1:30PM-5:30PM! Somebody is going to get a great deal! PRICE IMPROVEMENT -$250,000.00 &...
04/02/2021

Open House tomorrow 04/03/21 from 1:30PM-5:30PM! Somebody is going to get a great deal! PRICE IMPROVEMENT -$250,000.00 & Seller pays $25,000 closing cost!

10124 Squires Trail is currently listed at $3,499,000 on Homesnap. View 78 photos of this 6 bed, 6+ bath, 11389 Sq Ft home in Great Falls, VA.

Open House Saturday 04/03/21 (12noon-3:30 PM)($250,000 Price Improvement!) This Luxury Custom Built home Boast 4 sides b...
03/30/2021

Open House Saturday 04/03/21 (12noon-3:30 PM)
($250,000 Price Improvement!) This Luxury Custom Built home Boast 4 sides brick! // 12 foot ceilings! // Amazing Views from every level!// 4 Car Garage// 7 Large Bedrooms!// DaVinci Synthetic Slate Roof!// Anderson Architectural series 10 FOOT Windows!// !0 & 8 Foot tall Doors!// Superior HVAC systems offering 7 ZONES of climate control!// And so much more!
You wont want to miss this one!

6122 Franklin Park Road is currently listed at $5,638,990 on Homesnap. View 107 photos of this 7 bed, 6+ bath, 11797 Sq Ft home in Mc Lean, VA.

Open Saturday 04/03/21 (1:30PM-5:30PM)
03/30/2021

Open Saturday 04/03/21 (1:30PM-5:30PM)

10124 Squires Trail is currently listed at $3,499,000 on Homesnap. View 78 photos of this 6 bed, 6+ bath, 11389 Sq Ft home in Great Falls, VA.

One of the passions I have in life is deep sea fishing and exploration! Check out this guy I met on my last fishing trip...
03/27/2021

One of the passions I have in life is deep sea fishing and exploration!

Check out this guy I met on my last fishing trip!!! What a treat!

What’s one of your passions?

Open House Sunday 03/28/21 12-3:30PM. $250,000 Price Improvement!
03/25/2021

Open House Sunday 03/28/21 12-3:30PM. $250,000 Price Improvement!

6122 Franklin Park Road is currently listed at $5,638,990 on Homesnap. View 107 photos of this 7 bed, 6+ bath, 11797 Sq Ft home in Mc Lean, VA.

Open House! 03/28/2021 (2-5PM) This home is Exceptional Value!
03/25/2021

Open House! 03/28/2021 (2-5PM) This home is Exceptional Value!

10124 Squires Trail is currently listed at $3,499,000 on Homesnap. View 78 photos of this 6 bed, 6+ bath, 11389 Sq Ft home in Great Falls, VA.

02/23/2021

Love this outdoor entertainment area. I’ve been talking with my architect about this style theme for year now! What’s your opinion? Yes or No?

Open today 02/21/21 12:30-3:30! Come by and tour this beautiful property!
02/21/2021

Open today 02/21/21 12:30-3:30!
Come by and tour this beautiful property!

Open House Sunday 01/24/21 Noon-3PM! Its an expensive home when focusing on the sales price itself. However, once you sh...
01/23/2021

Open House Sunday 01/24/21 Noon-3PM! Its an expensive home when focusing on the sales price itself. However, once you shop the comp set, you realize the unprecedented value it represents!

6122 Franklin Park Road is currently listed at $5,888,990 on Homesnap. View 107 photos of this 7 bed, 6+ bath, 11797 Sq Ft home in Mc Lean, VA.

Open House today 01/17/2021! 12-3PM
01/17/2021

Open House today 01/17/2021! 12-3PM

6122 Franklin Park Road is currently listed at $5,888,990 on Homesnap. View 107 photos of this 7 bed, 6+ bath, 11797 Sq Ft home in Mc Lean, VA.

12/19/2020

6122 Franklin Park Road is currently listed at $5,888,990 on Homesnap. View 107 photos of this 7 bed, 6+ bath, 11797 Sq Ft home in Mc Lean, VA.

While there's plenty of joy and excitement associated with the selling and buying process, it can definitely be stressfu...
12/08/2020

While there's plenty of joy and excitement associated with the selling and buying process, it can definitely be stressful. An easy way to reduce that stress? Get organized!

There are many great tools available to help you stay on top of your real estate transactions. Here's a quick look at some of the best tools...

11/22/2020

Flooring is a significant part of your home interior decor. It bears the brunt of your daily activities and is always the first surface to reflect wear and tear. With that in mind, consider installing high-end flooring that is durable, lasts longer, and of course, makes your home more appealing. Lux...

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20130 Lakeview Center Plaza, Ste. 400
Ashburn, VA
20147

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DC | Northern VA | Maryland
Completely renovated custom built estate on 5 acres
https://www.luxuryhomemagazine.com/washingtondc/65738
Listed by: Michael Flannagan | Flannagan Associates
DC | Northern VA | Maryland
Exquisite new construction nestled on a .65-acre lot
https://www.luxuryhomemagazine.com/washingtondc/65177
Listed by: Michael Flannagan | Flannagan Associates