buying: What to Consider Before Buying a Home - 11/09/15 04:35 AM
BudgetHow much you can afford is very important to consider when buying a new home.  As a rule of thumb, some experts suggest paying 25% of your salary towards your mortgage. Fortunately, for people living in Northern Virginia, there are several job centers like the Mark Center, Inova Hospitals, USPTO, NOVA Community College, Fort Belvoir and Reston Town Center in the area which offer high paying salaries.
SizeWould you like to have roommates? Do you have a wife and plan to start a family? These are questions to consider before taking the step towards home ownership. Depending on your circumstances you might … (0 comments)

buying: Single Family Homes less than $350k with easy access to the metro - 09/28/15 06:07 AM
If you have a friend who is looking for easy metro access, a 3 bedroom home and only wants to spend about $300k to $350k  it will be tough. But here are my best suggestions:
Many homes at Amberleigh are within walking distance of the Springfield Franconia Metro.  Kingstowne and Manchester Lakes might work too.The Huntington Metro is also an option at with homes at Bucknell Manor and the Fort Hunt area. This is a traditional 1950’s neighborhood with lots of trees and good schools.  Huntington Metro has 4500 parking spaces, so it’s a great metro to live close to because you … (2 comments)

buying: What does a property’s Walk Score score mean? - 09/28/15 05:50 AM
Walk Score helps people find walkable places to live. Walk Score calculates the walkability of an address by locating nearby stores, restaurants, schools, parks, etc. Walk Score promises to measure how easy it is to live a car-lite lifestyle—not how pretty the area is for walking.
Each home listed for sale is given a Walk Score. That number is between 0 and 100. Here are general guidelines for interpreting your score:
90–100 = Walkers’ Paradise: Most errands can be accomplished on foot and many people can get by without owning a car. 70–89 = Very Walkable: It’s possible to get by without … (2 comments)

buying: Care to Know What is the Virginia Real Estate Board? - 09/28/15 05:39 AM
The Virgina Real Estate Board was established in 1924 to regulate businesses and individuals representing others in real property transactions, including  condominiums, cooperatives, and time-shares. An adjunct responsibility allows the Board to investigate housing discrimination under the aegis of the Federal Fair Housing Act. The Board currently licenses approximately 55,000 individuals and businesses.
Department of Professional and Occupational Regulation
9960 Maryland Drive
Suite 400
Richmond, Virginia 23233-1463
For further information, contact:
Phone: (804) 367-8526
Email: Board for Real Estate
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buying: How can a buyer determine the value of a property, during a purchase? - 09/28/15 05:25 AM
Licensed real estate agents can provide you with a competitive market analysis, this is based on:
Comparable properties in the area Adjustments for differences in size and condition of the property Differences based on location or the sale/rental date of the property While real estate prices are fluid and certainly open to negotiation there are very real trends that affect not only the housing market as a whole, but localized areas as well.  This can include everything from:
New construction Zoning changes Condemned properties Traffic pattern changes It is important to remember when assessing property that there are three factors that … (2 comments)

buying: Want to know what a “Colonial” is? - 09/21/15 01:37 AM
America’s colonial period encompassed a number of housing types and styles, including For more information about Colonial styles, see Cape Cod, Saltbox, Georgian, and Dutch Colonial. However, when we speak of the Colonial style, we often are referring to a rectangular, symmetrical home with bedrooms on the second floor. The double-hung windows usually have many small, equally sized square panes.
During the late 1800’s and throughout the 20th century, builders borrowed Colonial ideas to create refined Colonial Revival homes with elegant central hallways and elaborate cornices. Unlike the original Colonials, Colonial Revival homes are often sided in white clapboard and trimmed with … (0 comments)

buying: Five Common First Time Home Buyer Mistakes - 09/21/15 01:22 AM
1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.
2. Develop your home wish list. Then, prioritize the features on your list.
3. Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety.
4. Start saving.Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. … (1 comments)

buying: Five Important Tips for Condo Buyers - 09/21/15 01:18 AM
If you are looking or even just thinking about buying a condominium home in or around Northern Virginia, it’s perfectly natural to feel a little nervous. Buying a condo and owning your own home is a large, life changing purchase. Indeed, any individual thinking about buying a condo needs to know what to expect and how to prepare for those expectations. Below is a short list of 5 essential tips that any condo buyer would do well to consider throughout the process of finding a new condominium home. Happy hunting!
1) Look at Everything in Person
First, remember to look in person at any … (0 comments)

buying: Ever wonder how does a real estate agent becomes a REALTOR? - 09/21/15 01:14 AM
A real estate agent is a professional licensed to buy, sell and manage real estate for a fee on the behalf of others. Not all real estate agents are REALTORS.  A broker is a real estate agent who has reached a higher educational standard and who accepts certain additional responsibilities commensurate with this level of licensing. The term “Realtor” is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors.
A real estate agent or broker who joins the National Association of Realtors is a Realtor.  The National Association of Realtors … (0 comments)

buying: Four activities in Springfield you might not think of - 09/21/15 01:10 AM
Springfield Art GuildThe Springfield Art Guild (SAG) is a nonprofit with a 30 year history. The Springfield Art Guild is a great community for people interested in the arts. With juried shows and classes for both children and adults, the SAG is a great place to appreciate and explore creative thoughts. SAG appreciates and encourages artists. For example, there are scholarships up for grabs for High School students, art exhibitions,
a monthly newsletter published, a monthly meeting hosted, and more.
Lake AccotinkAccotink Park has a huge 493 acres, which include a 55 acre lake. Around the park, you can expect to see views … (1 comments)

buying: Twelve ways a Realtor from Condo Alexandria can help you - 09/17/15 05:47 AM
1. Your Nesbitt Realty Realtor® can help you determine your buying power — that is, your financial reserves plus your borrowing capacity. If you give a Nesbitt Realty Realtor® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders — banks and mortgage companies — offer limited choices.
2. Your Nesbitt Realty Realtor® has many resources to assist you in your home search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent … (5 comments)

buying: Want to know about George Mason High School? - 09/16/15 06:20 AM
George Mason High School (GMHS) was founded in 1952. Mason (not to be confused with George Mason University), is located in a suburban village in Falls Church, Virginia. Mason’s location in Falls Church was separated from Fairfax County jurisdiction in 1948, by citizens with the intention of improving the quality of their local neighborhood . Moving forward with this tradition of high academic standards, to the year 2013, 20 percent of the graduating class earned GPAs of 4.0 and above. Additionally, George Mason High School’s scores consistently rank well above those of Virginia, as well as those of the United States … (2 comments)

buying: Want to click to find out about French Provincial style? - 09/16/15 06:14 AM
Balance and symmetry are the ruling characteristics of this formal style. Homes are often brick with detailing in copper or slate. Windows and chimneys are symmetrical and perfectly balanced, at least in original versions of the style. Defining features include a steep, high, hip roof; balcony and porch balustrades; rectangle doors set in arched openings; and double French windows with shutters. Second-story windows usually have a curved head that breaks through the cornice.
The design had its origins in the style of rural manor homes, or chateaus, built by the French nobles during the reign of Louis XIV in the mid-1600s. The … (4 comments)

buying: Five Costly Mistakes First-Time Buyers Make - 09/15/15 06:35 AM
Buying a first home can be a daunting experience. Here are five common and costly mistakes that novice home buyers make:
1. Ignore the costs of having a low credit score. Lower-score borrowers pay thousands of dollars in increased interest rates over the life of the loan.
2. Make purchases on credit before settlement.  Lenders continue to check credit scores right up until the time of closing. Too much shopping could cause the lender to take back the loan.
3. Scrimp on an inspection. Being surprised by the need for expensive repairs can be financially devastating.
4. Buy without contingencies. Buyers should … (3 comments)

buying: Learn more about Lincolnia Park in Alexandria - 08/11/15 01:40 AM
Lincolnia Park is a community of single-family houses in Fairfax County. The community is served by Weyanoke Elementary School, Holmes Middle School and Annandale High School. Lincolnia Park is close to Lincolnia. The area is served by Turkeycock Run Stream Valley Park & Lincolnia Park and not far from Henry G Shirley Memorial Highway and Capital Beltway. See all Real estate in Lincolnia Park tract. … (1 comments)

buying: Where is Elwardstone? - 08/11/15 01:34 AM
Elwardstone is a community of single-family houses in Fairfax County. The community is served by Clearview Elementary School, Herdon Middle School and Herdon High School.
Elwardstone was built around 1918. This is a walkable neighborhood.
Elwardstone is close to Herndon. The area is served by Bready Park and Herndon Community Center and not far from Dulles Toll Road & Fairfax County Parkway.
See all Real estate in city of Herndon.
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buying: How your ratios affect your home buying power. - 12/11/14 10:40 PM
Two ratios are calculated by mortgage lenders to determine a buyer’s maximum loan amount:1) the front ratio and, 2) the back ratio.
 
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)

buying: Why can buying a home near Huntington be smart? - 11/02/14 10:20 PM
The metro offers a transit point to other parts of the region Nearby Farrington Place condominiums are affordable and walkable From Huntington, there are a wealth of Real Estate choices, including suburbs like Fort Hunt and Mount Vernon The Huntington area is close to the desirable Jefferson Manor, which is served by a spacious park From the yellow line terminal point that is Huntington, there are buses See all Huntington.

 
Filed Under: Huntington Tagged With: Near a metro, Yellow Line … (0 comments)

buying: Questions about Earnest Money - 06/23/14 07:39 AM
I recently received this question by email: Is a E M D asked for when the other party doesn ‘t believe the buyer is serious? Also if I refuse to put down a earnest money deposit do I risk ending negotiations for the property?
  A buyer should always ask his or her own agent questions like this. If you don’t trust your agent to give you the right answer you probably have the wrong agent.  When you question your agent’s judgement you can always ask for an explanation from the agent’s broker. That said, what follows is not a specific … (4 comments)

buying: Condo Buyers. How To Avoid Trouble - 06/12/14 04:00 AM

Condo buyers, how to avoid trouble is an interesting article for potential home owners to be. For the details on condo buying, continue reading below.
Too often people buy a condo, and run into a problem with the Association. And not because they are rude and obnoxious people, or do not care about others, but because they do not know.
- What is there to know?
A lot, but we will concentrate on one issue here:
Minimum rentals.
It is not unusual for owners to think about offsetting some or all of their expenses by renting out their second … (1 comments)

 
Will Nesbitt, Nesbitt Realty is a family-run brokerage. (Nesbitt Realty at Condo Alexandria) Rainmaker large

Will Nesbitt

Nesbitt Realty is a family-run brokerage.

Alexandria, VA

More about me…

Nesbitt Realty at Condo Alexandria

Address: 1451 Belle Haven Rd, Ste 222, Alexandria, VA, 22307

Office: (703) 765-0300

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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.


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