nesbitt realty: Contingencies in Real Estate Sales Contracts
- 11/23/15 03:45 AM
Real estate contracts often have contingencies. A contingency is a clause in a contract that gives either the buyer or seller a way to get out of the contract if certain conditions or timelines aren’t met. A contract could be contingent on anything a buyer and seller agree to, but there are a few very common contingencies. Typical contingencies are:
financing sale of home home inspection appraisal Generally, a contingency only last for a period of time and the contingency expires. After a contingency expires, either the contract expires or the contingency expires depending upon the terms of the sales agreement.
For … (0 comments)
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nesbitt realty: Why sign a buyer’s representation agreement?
- 11/23/15 03:42 AM
July 1, 2012 agents are now required to have buyer representation in writing in the state of Virginia. Realtors must disclose which party represented in a transaction prior to showings. Without a clear understanding, many clients are hesitant to sign (perhaps you do not know the agent well enough to commit or think there is a fee for a buyer rep- there is not). I would recommend signing a limited agreement for a day to view 1 to 2 homes. If you are comfortable with the agent after the initial meeting, then extend the agreement for the purpose of finding your … (1 comments)
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nesbitt realty: Did You Know ‘Missing Households’ Plague Housing Recovery
- 11/23/15 03:38 AM
High unemployment among young adults is prompting a big loss in household formation that is critical for long-term housing demand, according to housing experts.
Of 25 to 34 year olds, about 75 percent were employed in September; that’s about the same as year-ago levels and near the levels during the recession, The Wall Street Journal reports.
Young adults who are unemployed are mostly opting to live with their parents and aren’t renting or owning their own place. Indeed, the number of adults under the age of 35 who are living at home is at the highest level since 1981. More than … (0 comments)
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nesbitt realty: According to Census, Americans on the Move Again
- 11/23/15 03:31 AM
After staying in place for years, bogged down by the financial effects of the recession, Americans are finally back on the move, according to the latest U.S. Census data.
In 2012, nearly 16.9 million people moved between counties, and 7 million made long-distance moves from one state to another. For long-distance moves, that figure was nearly 5 percent higher than 2010.
The recession had the effect of “freezing people in place” as they waited out a housing and economic slump, and now there’s “at least a thawing,” Kenneth Johnson, a demographer with the University of New Hampshire, told USA Today.
The median price of … (0 comments)
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nesbitt realty: On What Home Buyers Really Want
- 11/16/15 12:21 AM
Home buyers want energy efficiency, according to a new study released by the National Association of Home Builders titled, “What Home Buyers Really Want.” Four of the top-ranked home features involve saving energy.
For example, 94 percent of buyers surveyed say they want energy-star rated appliances. Ninety-one percent said they want the whole home to boast an energy-star rating. What’s more, 89 percent said they wanted energy-star rated windows and 88 percent desire ceiling fans, according to the survey.
Home buyers are also paying more attention to the laundry room in homes. Fifty-seven percent consider a laundry room “essential” in a home and … (3 comments)
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nesbitt realty: On Five Home Renovations That Can Deter Potential Buyers
- 11/16/15 12:05 AM
Luxury upgrades: Avoid trendy and frivolous renovation expenditures. Simple and relevant renovations are more likely to pay off in the long haul.
Garage conversion: Converting a garage to a family room can turn off potential home buyers. Some people want a garage and not a family room. Consider if you plan on selling in the future before you make the change. Adding a swimming pool: Unless you live in a place that is warm year round, a pool might not the the best idea. Pool maintenance can prove to be very costly. Some home buyers will factor in this cost and … (1 comments)
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nesbitt realty: Why prefer a condo?
- 11/15/15 11:58 PM
There are many types of condominiums. Some condos look like houses or townhouses; most look like high-rises or garden-style apartments. Even though a condo can look look like a townhouse or house, owning a condo differs from owing a fee simple property in many ways. There are aspects of condo living that some may view as advantages or disadvantages, and you should be aware of these before you buy.
Here are a few basic benefits and considerations of condo living to help you make your decision.
The CityBusy folk who love being close to the action often choose a condominium because condo … (0 comments)
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nesbitt realty: Should I have a comparative market analysis?
- 10/30/15 05:27 AM
One of the greatest skills that a Realtor can bring to the table for you is a knowledge of property values across a wide range of areas. For a seller or landlord, this means you strike the right balance between getting the most value from your home and selling or renting it in a time frame that allows you to either move or capitalize on your investment.
Simply looking at a neighbor’s property and assessing yours based on their sale is fraught with dangers. Realtors factor in not only differences in construction, floor plans, and location, but also have their finger on … (4 comments)
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nesbitt realty: Phony Landlords Scam Would-Be Renters
- 10/05/15 07:19 AM
An increasingly common scam involves crooks posing as landlords for property they don’t own, taking a deposit from hopeful would-be tenants and then disappearing into the night with the money.
The Associated Press reports that Adam Christianson, sheriff of Stanislaus County, says “What you have is primarily young, unsuspecting victims who truly believe they’re entering into a legitimate rental agreement. Before you know it, the real [property manager] shows up and says `Why are you here?’ Then they’re out on the street, and also out the money for first and last month’s rent and deposit.”
One of the best way’s to avoid being … (1 comments)
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nesbitt realty: Do I really need a comparative market analysis?
- 10/05/15 06:51 AM
One of the greatest skills that a Realtor can bring to the table for you is a knowledge of property values across a wide range of areas. For a seller or landlord, this means you strike the right balance between getting the most value from your home and selling or renting it in a time frame that allows you to either move or capitalize on your investment.
Simply looking at a neighbor’s property and assessing yours based on their sale is fraught with dangers. Realtors factor in not only differences in construction, floor plans, and location, but also have their finger on … (0 comments)
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nesbitt realty: 8 Tips to Guide Your Home Search
- 09/28/15 06:11 AM
1. Get your finances in order.Review your credit report and be sure you have enough money to cover your down payment and closing costs. Then, talk to a lender and get prequalified for a mortgage. This will save you the heartache later of falling in love with a house you can’t afford.
2. Research before you look.Decide what features you most want to have in a home, what neighborhoods you prefer, and how much you’d be willing to spend each month for housing. Is walkability important to you? How about proximity to the Metro? Perhaps you want your new home to … (10 comments)
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nesbitt realty: 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)
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nesbitt realty: 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)
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nesbitt realty: Tips for picking the right neighborhood
- 09/28/15 05:46 AM
When considering a potential new residence it’s important to think about the neighborhood and surrounding amenities that are close by. Make a list of all of the amenities or services that are nearby or close to the neighborhood and track how long it takes as well as what routes you might use to get to each. You can also check the Walk Score of a neighborhood for a short-hand look at convenience.
Next, decide what the best characteristics of the neighborhoods are and determine what you like about them. Making a list of each neighborhood you are considering can be particularly helpful … (1 comments)
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nesbitt realty: What’s the difference between a real estate broker and a agent?
- 09/01/15 07:00 AM
In the Commonwealth of Virginia a real estate agent is a person who is licensed to be paid a commission on a real estate transaction. Real estate agents have minimal educational requirements but must pass a test for licensing. After that, the agent must follow up with continuing education to stay apprised of updates in real estate law. Real estate agents may not work independently and they must affiliate with a real estate broker.
Real estate agents may not work independently and they must affiliate with a real estate broker. A real estate broker has a higher education requirement than a real … (4 comments)
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nesbitt realty: Looking to purchase in Northern Suburbs?
- 10/12/14 11:38 PM
See all Mclean.
Filed Under: For sale in Chantilly, Mclean, Oakton
Northern Fairfax County– Centerville, Chantilly, Fair Lakes, Oakton, Mclean, Tysons Corner are all located north of Interstate 66 Learn more about:
Centreville— Suburban living near Dulles Airport Chantilly— Suburban living along the I-66 corridor Mclean — Great schools in a low density setting near the city Oakton — Close to I-66, shopping and more Vienna — Near Tysons Corner and the Vienna Metro
… (0 comments)
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nesbitt realty: New Construction Buying Tip You Would Never Suspect
- 08/11/14 01:33 AM
If you’re thinking of buying a newly-built condo or new house, you probably already know that every new development will have its own sales staff. These people are often friendly, helpful and very knowledgeable about the new development. However, these folks work to sell this property only, because the sale staff works for the builder. The on-site staff of a new condominium knows the property as-well-as or better than anyone around and they are there to assist you but they work for the builder. The staff at a new home development probably knows the property very well, but they will … (2 comments)
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nesbitt realty: Porto Vecchio real estate services in Alexandria VA
- 07/10/14 06:55 AM
Click Porto Vecchio to see a map of condos for sale in Porto Vecchio . (Or check here for sales updates.)
About Porto Vecchio Amenities of Porto Vecchio Life at Porto Vecchio Map of homes for sale at Porto Vecchio Renting at Porto Vecchio
Neighbors
Porto Vecchio is located on the George Washington Parkway in the South End of Old Town Alexandria. Porto Vecchio is very close to Belle Haven Country Club and the quaint garden-style condos of the Bearings. Further down the Parkway is the Belle Haven Marina and Belle View condominiums.
Condos for Sale at … (0 comments)
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nesbitt realty: Miscellaneous Spring Photos
- 04/28/14 01:16 AM
Nesbitt Realty can help you buy and sell real estate in Old Town. Brothers working together at the office Stuart is a Realtor Stuart Nesbitt with Spring attire Husband and wife on their way to a meal in Old Town Husband and wife wait to cross the road See all Old Town. Filed Under: Family and Personal, Old Town Alexandria Tagged With: Husband and wife, Julie Nesbitt, Old Town, Spring, Stuart Nesbitt, Will Nesbitt … (2 comments)
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nesbitt realty: All You Need to Know About Fort Hunt Park
- 03/26/14 12:31 AM
Fort Hunt Park consists of 105 acres located along the Potomac River in Fairfax County, Virginia, approximately 6 miles south of Old Town Alexandria. The Park is a part of the over 7,000 acres that make up the George Washington Memorial Parkway. The lands of Fort Hunt Park were originally a part of George Washington’s personal farm then became a military outpost and now serve as a picnic area and nature park.
For real estate services in the Fort Hunt area, think of Nesbitt Realty
So that all may better understand the history of Fort Hunt, the Park … (6 comments)
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Real estate contracts often have contingencies. A contingency is a clause in a contract that gives either the buyer or seller a way to get out of the contract if certain conditions or timelines aren’t met. A contract could be contingent on anything a buyer and seller agree to, but there are a few very common contingencies. Typical contingencies are:
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