Affordable Home in Chantilly, Virginia . . . . And a Test of Animoto

Here’s a video of a property I’m currently selling. It’s a very affordable 2 bedroom/1 bath home in Chantilly, Virginia. Price: $15,999. It’s available with owner financing for only $1,199 a month for 5 years. That includes the purchase of the home and the monthly land lease charge. Plus, for “new home buyers” (someone who hasn’t owned a home in 3 years), it’s eligible for the “new home buyer” 10% tax credit.
I’ve included full information on the home below.
In addition, this was a test of an online service called Animoto. The idea is that you upload some photos, select some music from their online catalog (or choose your own), and the Animoto automatically makes it into a video. The service–with their branding and videos limited to 30 seconds–is free. If you want longer videos and no branding, that costs…though not too much. It’s simple to use, and if you don’t like the result the first time, you can edit the pictures and text . . . or just click “remix” and it remixes what you’ve already uploaded. Neat idea. Available at http://animoto.com
And for those of you familiar with real estate investing (which is what this blog is about), this is my first attempt at a “Lonnie Deal.” The strategy is: Buy low for cash. Sell for more on terms.
As for the Chantilly home, here’s the full information:

This home (2 bed, 1 bath) in great condition (built 2001) can be yours for just $15,999 (yes, that’s the right price). Plus, with just $2,000 down you can get owner financing with payments as low as $1,199 per month for 5 years. PLUS: If you’re a “new home buyer” (haven’t owned a home in the past 3 years), you may qualify for a 10% tax credit (a $1,600 credit) from the government! (Check with an accountant for details.)

Home Features

  • Large kitchen with modern appliances
  • Microwave
  • Vaulted ceilings
  • Central A/C
  • Washer/dryer
  • 2 bedrooms (approx. 14′ x 13′ and 11′ x 10′)
  • Modern bath
  • Neutral colors throughout
  • Wood trim
  • Parking for two cars
  • Exterior shed for additional storage

Community Features (all included in your monthly payment):

  • Swimming pool
  • All age community
  • Night time security
  • Snow clean-up
  • Tot lot
  • Basketball court
  • Fitness center
  • Clubhouse
  • Trash pick-up

Great location: Close to shopping, restaurants, Dulles, I-66, Fair Lakes, Fair Oaks, etc. Quick commute to Fairfax, Centreville, Reston, Dulles. Reasonable commute to Arlington, Alexandria, and D.C.

The cost: $1,199 per month. At the end of the 5 years, it’s yours. Everything is included in your $1,199 payment ($842 land lease plus $357 to purchase) except utilities. Move-in costs: Just 2 months’ security deposit or downpayment. [Buyer approval required, which includes credit and background check.]

To recap:

  • Owner Financing/No Bank Qualifying
  • Buy for as little as $1,199 per month
  • Price includes all amenities (pool, exercise facilities, trash pickup, etc.)
  • 10% government tax credit ($1,600) for qualifying buyers

This is a great opportunity for someone just getting started, someone looking to simplify their life, or someone trying to rebuild their credit.

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