old town: What Homes Are Available For Sale In 22314? - 05/17/17 12:58 PM

If you’re looking to purchase in 22314, you may find these facts and features helpful. Stuart
Nesbitt loves working in 22314 because there are so many great choices here. Our typical rebate on a property that costs $1,099,000 is $6,792. Talk to Stuart  Nesbitt to learn more about how we can save you money. Our featured home in 22314 is at 615 Royal St S in Old Town. They’re asking $1,099,000. [Find a home in 22314]
4 beds, 3 full, 1 part baths
Home size: 3,006 sq.ft.
Lot Size: 3,000 sq.ft.
Added: 05/17/17, Last Updated: 05/17/2017
Property Type: Residential Townhouse for Sale
MLS Number: AX9949411
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old town: 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)

old town: 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)

old town: 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)

old town: Home Owners Do Love Their Houses - 02/07/16 11:26 PM
Despite declining home prices, 90 percent of Americans don’t regret buying their current home, according to a survey for Bankrate.com.
Among the 9 percent who do regret the purchase, most say they are unhappy that they can’t sell their home and move elsewhere or they can’t afford their monthly mortgage.
Some 79 percent of those polled say they have a fixed-rate mortgage on their homes. Among those making over $75,000 per year, 90 percent say they have a fixed rate mortgage.
Source: Bankrate.com (07/12/2010)
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old town: Demand is Strong for Well-Prices Homes - 02/07/16 11:22 PM
Yes, houses will sell as long as they are priced right. In many — but not all places — that means they’re priced low.
“People who price their homes to the market are selling them in a reasonable amount of time, but people who cling to 2004 or 2005 prices aren’t,” says Richard Smith, president and CEO of Realogy, the parent company of Century 21, ERA, Coldwell Banker and Sotheby’s International Realty.
In some areas, pent-up demand has exploded. “It’s crazy,” says Brendon DeSimone, an associate with Paragon Real Estate in the Noe Valley near San Francisco. “I had one house … (0 comments)

old town: 4 Poor Decor Choices New Home Owners Make - 02/02/16 10:39 PM
When your client finally closes on their home, they’re going to be excited to start making the place their own. But going overboard with decorating concepts or placing furniture in the wrong configurations can make a home look cramped and uninviting. Help guide your client’s eye for interior design by steering them away from these furnishing mistakes recently highlighted by realtor.com®:
Making a Home Picture-Perfect
Secrets of the Staging Pros
Staging Outdoor Spaces
6 Ways to Spruce Up a Home With Staging
Oversized furnishings. “Measuring a space is imperative before you purchase anything,” Will Saks, a designer with Homepolish, told realtor.com®. … (3 comments)

old town: Remodeling Benefits Owners Who Sell or Stay - 02/02/16 10:31 PM
WASHINGTON (December 9, 2015) — Homeowners preparing to sell often make improvements, both big and small, to their homes that can help yield positive results and garner top dollar from buyers. According to a new report from the National Association of Realtors®, remodeling projects can also bring major benefits to homeowners who choose to remain in their homes.
“Realtors® know that certain home upgrades and remodels can be beneficial to get more buyer eyes on a property, potentially bring in more offers or gain more equity from a home,” said NAR President Tom Salomone, broker-owner of Real Estate II Inc. in … (1 comments)

old town: Should I Rent or Buy? - 11/30/15 04:26 AM
Is it time to take the plunge into the home buyers’ world?
If the idea of purchasing your first home or just buying the next home is on your mind, I have some thoughts to add to the collection you’ve already been making in your own mind.  Sometimes moving seems like an exciting experience and other times just a nuisance.  The act of actual moving is totally irrelevant, though when it comes to actually achieving movers happiness.
In order to gauge the level of success you’ve achieved from a move some factors must be taken into account.  The first that I’ve noticed when … (1 comments)

old town: Thanksgiving is near. . . - 11/23/15 03:53 AM

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old town: On what a resident should ask about condos? - 11/16/15 12:30 AM
What matters in a condo varies by the person, but questions tend to draw from the same pool of questions:
What amenities are included? Is there a pool? Tennis court? Exercise room? Are pets allowed? Are there areas I can walk my dog? Are there any size or breed restrictions? Is heat electric or gas? Is the heat included in the condo fee? Do condo fees include utilities? Electricity? If there is carpet, are there hardwood floors underneath? Is the washer and dryer in the unit? On the same floor? In the basement? If buying, what are the condo fees and … (6 comments)

old town: 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)

old town: 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)

old town: What your Northern Virginia property manager should know … - 11/09/15 03:24 AM
If you own rental property, you probably should consider a property manager. If you don’t know the answers to these questions, then you should definitely contact us to find out more about our property management services.
What is the proper procedure for filing a notice to pay rent? What notices can permissibly be served to a tenant under the terms of a lease? What important legislation is looming on the horizon regarding debt collection? By law, what is the maximum security deposit you can collect in Virginia? What rights do you have (or not have) regarding pets on your property? What … (0 comments)

old town: 8 Tips to Guide Your Home Search in Northern Virginia - 11/09/15 03:19 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 … (2 comments)

old town: Real Estate tips for picking the right neighborhood - 11/05/15 03:35 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 … (2 comments)

old town: 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)

old town: 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)

old town: 5 Signs a Home Has Potential - 10/05/15 07:15 AM
The best deals on homes are often on properties that aren’t perfect, but how do you spot a home with potential?  These are the 5 factors we’ve found:
Home shoppers looking for a great deal should keep these factors in mind when they are looking for a place with potential:
Location, location, location. You can fix a home’s condition, but you can never change it’s location.. Less than 50 years old. Properties older than a half century are likely to have more fundamental problems — like aging wiring, inadequate plumbing and sagging foundations. But when examining a home take care to … (0 comments)

old town: Dad, what do you do all day? - 10/05/15 06:39 AM
 
This is an old post first put up before 2009. I got a chuckle out of it and thought I’d share with you.
When I come home exhausted it’s tough to remember (much less explain) what the heck I did all day.
A lot of times, I answer calls.  I get calls from renters who want to rent condos and townhouses. I get calls from buyers who want to make appointments or who just have questions.  I talk to landlords who use  our property management services.
Sometimes I really don’t know the answer. But when I don’t know the answer, I don’t make it … (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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