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A Buyer’s Guide to Arlington, Virginia

If you’re looking to escape cramped city living in the District of Columbia, but want a quick commute downtown and easy access to the metro area, Arlington, Virginia, might be the ticket.

Directly across the Potomac River from the nation’s capital, Arlington includes a diverse array of neighborhoods, including Columbia Pike and the bustling city centers of Rosslyn and Crystal City, as well as the small urban villages of Westover, Cherrydale and Lyon Village. There’s also the Wilson Boulevard corridor, which has blossomed over the last two decades. Once home to car repair shops and department stores, the Courthouse-Clarendon-Ballston neighborhoods have given birth to new shopping areas and restaurants.

“Arlington is off the charts in terms of bikeability and walkability,” says Billy Buck, president and CEO of Buck & Associates, Inc., whose family-owned real estate brokerage has resided in Arlington for more than 40 years. “We’ve seen a migration of people from D.C. to Arlington due to its services, parks and immersion school programs.” According to Buck, more people are forgoing smaller apartments in the District of Columbia for extra space and individual bedrooms for their children.

As a highly desirable area, Arlington can be a difficult place to shop for a home if you’re on a budget. Prices increased in 2015 from 2014, and RealEstate Business Intelligence reports that on average Arlington homes only stayed on the market between one and 10 days last year. To get some insight on how to find an Arlington home for a great price, we contacted top real estate agents as identified by OpenHouse, an agent referral company (and a U.S. News partner), for the low-down on this vibrant suburb of the nation’s capital.

[See: The 20 Best Places to Live in the U.S.]

What’s Hot in Arlington:

A sense of community. In Arlington, local bands play at neighborhood establishments and families take advantage of community programs. In Clarendon, a regular event at Clarendon Market Common features children’s stories and songs. “The sense of community is really incredible,” says Keri Shull, founder of the Keri Shull Team at Optimé Realty in Arlington.

Great schools. Arlington County’s public schools were voted best in the District metro area on Niche.com, a site that helps people find their next home and school. The Arlington County Public School System received an A+ rating in six out of the seven categories evaluated by Niche.com (it received an A in Sports & Fitness) and earned a high approval rating for parents and students.

New development. The Wilson Boulevard corridor, where the Orange Line of the Metro train system runs from Rosslyn to Ballston, is experiencing a development boom. From his vantage point, Buck has personally witnessed its transformation. “Our office has been located on Wilson Boulevard for 40 years — it was started by my father,” Buck says. “One thing that’s changed is we don’t need the bars on our office anymore.”

With the arrival of public transit, the area has reinvented itself over the last 40 years, with major developments popping up around Metro train stations. Beginning in 1977, the city established the General Land Use Plan to guide future developments along the Rosslyn-Ballston Corridor while making sure to enhance the unique features of each neighborhood. Throughout the 1980s and 1990s, the number of multifamily housing units grew to outnumber single-family homes as more people saw Arlington as a good place to live. with outdoor shopping meccas like Market Common Clarendon. “It’s become a safe, viable and popular option to places like D.C.,” Buck says.

Experts say the urban planning boom is far from over. One area that’s slated for a major overhaul is the Ballston Common Mall: A multi-million project will replace the mall’s outdated look with open-air plazas and new condos flanking the retail area. The revamp is projected to finish in 2018 and once it does, it’s anticipated the Ballston area “will explode in value,” Shull says.

[See: The 20 Best Places to Live in the U.S. for Quality of Life.]

Walkability. Arlington is a great fit for the health conscious. “There are great trails for running, walking and biking and they link all the way from Leesburg, Virginia, to Potomac, Maryland,” Shull says.

Some people are willing to move to Arlington neighborhoods and walk longer distances to the Metro for their commute to work. Though Arlington has many suburban offerings, many people move there because they want a five-minute walk to the grocery store instead of a home with a four-car garage.

Tips for Arlington Home-buyers:

Start your search on the Internet. Once you decide on a neighborhood in Arlington, Buck suggests getting acquainted with an expert familiar with the area — whether it’s an agent, a business owner or someone who already lives there. “That’s the best way to dial into a neighborhood,” he says.

Be mindful of the seller’s needs. It’s important to find out what the seller’s situation is. A seller who’s buying another home and needs to close on an existing home might appreciate it if the buyer offers them a sale-leaseback, in which the former owner rents the property until they can move into their new home. The seller might be facing the prospect of temporarily displacing their family and paying for movers. Giving them an option to rent could persuade the seller to lower the price.

Know what you’re looking for. Buyers need to know what they want and if what they are looking for actually exists for the price they can afford.

“Often, buyers hire our team after spinning their wheels looking at houses that don’t match their criteria or being devastated when someone else wins their dream home,” Shull says. Analyzing recent sales with your broker can help you see what options there are in the area. This will help you avoid falling in love with an idea of the perfect home that’s simply out of your price range.

[See: The Best Apps for House Hunting.]

Get help from the professionals. It’s important to work with a seasoned agent, especially in a highly competitive market like Arlington. In cases where a settlement is working on a tight time frame, “you need to have an experienced lender that’s really fast,” Shull insists.

“The lenders we work with can close properties in as little as 10 to 14 days — as opposed to a big bank that might close in a month or more — which gives the buyer a big advantage,” Shull adds.

The great thing about Arlington is it has something for everyone, Buck says. Whether you invest in a $600,000 rambler in Westover or a $139,000 condo on Columbia Pike, “The diversity of the housing stock — and the people — are what make Arlington so attractive.”

More from U.S. News

Weird Home Features That May Confuse Homebuyers

10 Ways Millennials Are Changing Homebuying

8 Types of Roads That Can Have a Big Impact on Home Sales

A Buyer’s Guide to Arlington, Virginia originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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