first time home buyer: Tips For Buying Your First Home - 01/26/17 06:58 AM
For a first time home buyer, the process can get quite overwhelming, giving you the feeling that the financial decisions are rapidly spinning out of control. When it comes to real estate, most people don’t have a lot of experience or know a lot about it. In all actuality, buying a home is actually a simple process. All you need to do is understand the basics, which will go a long way in helping you buy your very first home.
The first thing you should know is to avoid pre payment penalties at all costs. What this means, is that if you … (0 comments)

first time home buyer: How long does the home buying process take? - 01/13/17 07:10 AM
How long does the home buying process take, is a pertinent Active Rain published blog that is relevant to Real Estate. Scroll down to see the reblog.
 
Many buyers, especially first time buyers wonder how long the home purchase process will take and what is involved. While the length of time it takes to find the home you want to offer on varies (usually a few weeks to a few months), the home purchase process on the average sale runs about 45-60 days (faster if you are purchasing cash and no mortgage process is involved). After getting past negotiations and … (3 comments)

first time home buyer: Recent Listings of homes and condos for sale in Northern Virginia - 02/08/16 12:19 AM
Are you searching for real property in Northern Virginia? Then you’ve come to the right place.
Condo-Alexandria.com is the official site of Nesbitt Realty . Our real estate agents provide this site to help educate and assist home buyers with their real estate needs. Please don’t hesitate to take advantage of our  comprehensive real estate guides, real estate news, mortgage calculators, links to real estate market conditions, and wisdom from our team of skilled realtors. If you’re in the market for homes for sale or if  you’re seeking a condo in Northern Virginia, Condo-Alexandria.com is the real estate website for you.
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first time home buyer: Good Time to Buy a High-End Home - 02/08/16 12:13 AM
Some of the best housing deals are on high-end homes, many over $1 million. Some of them need TLC or they aren’t in the most-coveted locations. But there are plenty of desirable properties and lots of sellers who are getting impatient.
Buyers with cash have the best opportunities. Buyers who need a mortgage should move especially quickly. With the Federal Reserve ending its purchases of mortgage securities this month, the mortgage market is likely to rise from its current low level. Even if prices fall further, the rising cost of borrowing could eliminate any savings.
As Kenneth Rosen, chairman of the … (0 comments)

first time home buyer: Recent Economists Give Housing Mixed Reviews - 02/08/16 12:11 AM
Home prices that approach what they were before the bust are at least five years away, says Peter Morici, a University of Maryland professor of economics.
“I think we’ll see housing values rise 20 or 25 percent and then more gradual appreciation,” Morici says.
The problem, he believes, is the oversupply of housing. “Supply is a couple of years ahead of demand,” he says.
Other housing observers were less optimistic. “Foreclosures are still going to bite the market. Given the preponderance of negative housing data, we may see another leg down,” says Joseph Brusuelas, president of Brusuelas Analytics.
Source: Bloomberg, Courtney … (0 comments)

first time home buyer: Single Women: Why They Do Buy Real Estate. - 02/08/16 12:06 AM
According to  research economist Jessica Lautz, “More than one-third of all home buyers buy a home for the desire to own. This has been the most cited reason consistently for the last several years, but it is even more true of single female buyers. Nearly half of single female buyers purchase a home because they have a desire to own a home. The second most cited reason for single female buyers in choosing to purchase a home is a change in family situation—13 percent of single female buyers purchase for this reason, compared to 9 percent of all buyers.
“In comparison … (0 comments)

first time home buyer: Recent Pending Home Sales on an Upswing - 02/07/16 11:46 PM
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1 percent above March 2009 when it was 85.0; this follows an 8.3 percent increase in February. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, said favorable affordability conditions have been … (0 comments)

first time home buyer: Pending Home Sales Drop - 02/07/16 11:39 PM
Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract, according to the NATIONAL ASSOCIATION OF REALTORS®.
The Pending Home Sales Index, a forward-looking indicator, dropped 30.0 percent to 77.6 based on contracts signed in May from a reading of 110.9 in April, and is 15.9 percent below May 2009 when it was 92.3. The falloff comes on the heels of three strong monthly gains as home buyers rushed to take advantage of the tax credit.
The data reflects contracts and not closings, … (0 comments)

first time home buyer: On pre-approval, before home shopping - 11/16/15 12:26 AM
Obtaining pre-approval from a bank is a daunting process.  It is time consuming both due to the delay and because of the amount of paperwork required to satisfy a lender of your credit status.
It is, without a doubt, the most pressing matter before beginning your home search.  Proceeding without this step can lead to angst and lost time, energy and opportunities.  Without pre-approval you’ll be facing the following pitfalls very quickly:
Offers will be rejected in favor of lower offers by pre-approved buyers. Delays can result as you await approval by your bank. Too late you may find the home you … (2 comments)

first time home buyer: Profile of First Time Home Buyers - 07/31/14 05:55 AM

Profile of first time home buyers, is a eye opening insightful article of much pertinence to Real Estate. To read the full length article from Dimares, see below.
 
The global financial markets over the past few years may have been unnerving for almost everyone, but among the hardest-hit group was first time home buyers, in Upper Marlboro across the country. Many had to deal with the stress caused by an uncertain economy, the fallout on business and job security, and, more directly, a pronounced increase in the difficulty of securing mortgages.
 
The good news for first time home … (1 comments)

first time home buyer: First Time Home Buyer & Need Assistance?? - 07/31/14 05:51 AM

First time home buyer and need assistance, is a great introduction to Real Estate. To see first time home buyer  guide for Tampa, click below.
Thinking of buying your first home? Not sure what steps to take? Are there any derogatory marks on your credit? Check out this information to help you get started.
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first time home buyer: 20 Tips to Win a Bidding War - 04/23/14 12:27 AM

Twenty tips to win a bidding war, is an interesting article that potential home buyers might find useful during the negotiations process. For more specific information about how to win a bidding war, continue reading below.
It's getting brutal right now in the DFW market.   Lots of cash offers and lots of homes getting multiple offers.

Here are my bull whacking tips for winning what is quickly becoming all out war for home buyers or in Texas terms a Steer Wrestling Contest.
Bidding Tips
Bid quickly.  1st day on the market is best.  Know what you are willing to offer … (2 comments)

first time home buyer: 5 Essential First Time Homebuyers Tips - 02/03/14 04:03 AM

Five essential first time home buyers tips, is an interesting article which offers tons of insight on the real estate purchasing process. For more specific information, continue reading below.
5 Essential First Time Homebuyers Tips
If you are looking to buy your first home, then there are some things that you need to know first. You will need to know these things so that you are prepared for what is ahead. If you know what to prepare for, then it will be easier to get your first home quickly and easily.
 
 
1. Figure out your budget
2. Come up with … (0 comments)

first time home buyer: Why buy a condominium? - 06/10/13 11:19 PM


For condo buying or condo selling in Northern VA call Nesbitt Realty
A condominium is usually a housing unit or apartment in a multi-unit building in which each unit is individually owned, while common areas and the property in general are jointly owned by the residents and the owner of the building, or all of the residents together. Some people choose to purchase and live in a condominium because some condos are less expensive than a traditional single-family house. Additionally, many condos have added amenities and facilities.
Most condominiums have amenities you won’t find on a similarly priced single … (3 comments)

first time home buyer: Home Ownership Is Within More Americans’ Reach - 03/27/13 02:09 AM
Low interest rates helped keep housing affordability high in the final quarter of 2012, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released on Thursday.
Nearly 75 percent of homes sold between October and the end of December were affordable to families earning the median income of $65,000.
 
“The most recent housing affordability data should be encouraging to many prospective home buyers, because it shows that home ownership remains within reach of median-income consumers even as most local markets appear to be on a recovery path,” says NAHB Chairman Rick Judson.
 
The median price of … (2 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

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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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