your: Read your contract carefully
- 03/07/17 10:23 AM
Read Your Contract Carefully Many renters barely even skim their rental agreement before signing their name at the bottom. Most renters are primarily concerned with the monthly charges, one time only fees, required deposits and other financial matters. Once they verify this information is accurate according to their conversations with the leasing agent, they often sign the agreement with no questions asked. This is a mistake because a rental agreement is a legal contract which may have a host of important information which the renter should be aware of before signing the document. Considering a Roommate? Those who are considering the possibility of a … (1 comments)
your: Know Your Budget When Buying a Home
- 03/03/17 07:21 AM
Know your budget when buying a home is a pertinent Active Rain published post that is relevant to the Real Estate industry. Scroll down to see the entire blog. I just read a great little blog posting by @CoreyMartin and got to reflecting on his first point. http://activerain.com/blogsview/5016720/6-things-to-look-for-when-buying-a-home He wrote: 1- Know your budget. It is important that you buy a home at a price that you’re comfortable with.
I can't tell you how many times I've had that discussion with my buyer clients. PLEASE PLEASE PLEASE know what payment you will be comfortable with...not how much the lender says … (2 comments)
your: Smart Goal Setting to Buy Your Dream Home
- 03/01/17 12:35 PM
Smart goal setting to buy your dream home is a published blog in Active Rain that is relevant to Real Estate. Scroll down to see the entire post. Smart Goal Setting to Buy Your Dream Home on a Tight Budget All too often when the budget is tight and we can’t seem to stretch our money further, we give up on our dream home for sale in Ballantyne. This article is here to tell you not to give up! There are simple and effective habits that will help you obtain your goal if applied consistently. Read on for smart goal setting to … (1 comments)
your: 5 Tips to Maximize Your Home’s Value When You Sell
- 02/15/17 12:50 PM
1) First, do your homework. Find out the local market conditions for your neighborhood. Depending on your area, there may be better/worse times to sell. Once you’ve decided to sell, there are three different levels of service that you may want to consider: • Sell the home yourself (FSBO) • List your with a Discount / Flat fee broker • Utilize a full service real estate agent/brokerage If you are inclined to sell the home yourself, note that you will bear the responsibility for marketing your property, along with full legal disclosures, inspections, appraisals and the like. You should be very comfortable with real estate … (0 comments)
your: Getting Your Security Deposit Back
- 01/17/17 07:51 AM
For many renters in Northern Virginia the subject of the security deposit is somewhat of a touchy subject. Many renters assume they should receive their security deposit back in its entirety as long as there is no significant damage done to the rental property. However, this is rarely true as there are number of factors which contribute to whether or not the security deposit or a portion of the deposit will be returned to the renter when they vacate the premises.
Did You Do Any Major Damage?Certainly doing major damage to the rental such as putting holes in the walls, breaking appliances … (1 comments)
Front Ratio: The total mortgage payment including principal, interest, taxes and insurance (PITI) as well as any condominium or homeowner association fees divided by your total GROSS income. Traditionally, this ratio must be below 30% Example: With a gross income of $5000 per month, a total mortgage payment (PITI) of $1350, the front ratio would be 27%.
Back Ratio: The total mortgage payment PLUS any car payments, credit card and any other loan payments including student loans … (12 comments)
your: Do you know who pays to maintain your condo?
- 12/09/13 03:35 AM
The historic Carlyle House in Old Town Alexandria is more than 250 years old. Everything built by man requires some maintenance at some point. Even so-called maintenance-free homes require some attention. So when making the transition from renting to buying, one aspect of home ownership that must be considered carefully is maintenance. Renters enjoy few advantages over buyers, but one benefit of renting is that in most cases renters needn’t worry about the expense maintaining a property. Many first time buyers aren’t ready to take on the hassles and expenses of yard work, gutter cleaning, painting and so on, and for … (0 comments)
your: What to Expect From a Real Estate Agent
- 12/05/13 01:54 AM
Your real estate agent is there to represent your best interests. Make sure you read any contracts before you sign them so you know exactly what to expect but the following tips should give you a general idea of what to expect. Sellers agents should be aggressively marketing your property, including running advertising and holding open house events. Nesbitt Realty and Condo Alexandria place a special emphasis on Internet marketing because we believe that’s the future of real estate sales and the most effective way to find your home’s buyer. As a home buyer, you should expect your realtor to listen … (0 comments)
your: Buying later? Check your credit now.
- 11/19/13 05:30 AM
It’s a good idea to checking your credit score before you actually decide to purchase a home, townhome or condo. Even if you think your credit scores are good, you will want to see what the bank will be considering and the scores they will be examining. If you check your credit history now, you can find out about errors while there is still time to make a correction. You don’t want to find out about credit reporting errors at the last minute. Equifax, Trans Union and Experian (the major credit reporting bureaus) are ponderous and slow to react to problems. … (0 comments)
your: Does your HOA or condo restrict vehicles?
- 10/30/13 01:24 AM
Condo Alexandria manages several properties at Island Creek. Last night the vehicle of one of our tenants was towed. When I found this out I was a bit upset, so I worked a round of emails through the tenants, the landlord and the condo association. We advised all parties concerned that Condo Alexandria proceeds from several assumptions: Landlord and the tenants are entitled to all the benefits and rights of the subject association Our tenants and landlords are bound by the same rules and regulations as everyone else. We also believe that we are part of a community and as such … (2 comments)
your: The Listing Agreement
- 10/29/13 12:30 AM
The first step to selling your home or condo The listing agreement is an agreement or “contract” between a property owner and a licensed real estate professional. The listing agreement authorizes an agent to act on the behalf of the property owner for the purpose of selling the subject property. In other words, the listing agreement describes the powers and limits of your real estate agent when your sell your home. Listing agreements can be negotiated to include any number of terms specific to your relationship and property, but all valid listing agreements will always include the following elements: Writing … (0 comments)
your: Buying your first condo?
- 10/28/13 01:36 AM
Buying a condo is a great way to start your independence in the world. Buying a condo is a great option for empty-nesters looking to downsize and enjoy life. Buying a condo is a great way to live in an unbeatable location. No matter what your age is, do you really want the hassles of yard work and gutter cleaning? A condo provides the freedom of maintaining the lawn and house so the focus is on your life— in and outside your home and not on working on your home. All the information provided will aid and guide your search through … (0 comments)
your: Have your condo docs in order.
- 09/05/13 01:24 AM
I have a tip for condo sellers out there. As most of you may know, in the Commonwealth of Virginia (and in other states) the buyer must be allowed an opportunity to review the condo docs. From the time the condo docs are delivered, the buyer has 3 days to cancel the contract without cause, other than to say the condo docs contained information which caused the cancellation. The buyer doesn’t have to explain why or what the problem was.
Recently a client of mine was buying a condo and when he received the documents, the condo docs said … (6 comments)
Neighborhood notes, local features and tips for buyers, sellers, renters and landlords in Northern Virginia especially Alexandria, Arlington, Fairfax and Falls Church. Including fast and free property search tools.
Read Your Contract Carefully
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