old town: Sellers Who Delay May Miss Out
- 06/06/13 01:35 AM
Some would-be move-up home sellers are eying home prices carefully. They’re waiting to see how much home prices appreciate more before they consider selling their home. But they may be missing their perfect opportunity, some housing experts say. The best time to move may depend on when the home owner purchased their current residence, says Daren Blomquist, vice president of RealtyTrac. Blomquist says that home owners who purchased their home during the sluggish market the last two to three years may find moving up in 2013 may be their prime opportunity.
“Because they bought near the bottom, these home owners … (2 comments)
old town: The Historic King Street Community
- 05/31/13 12:40 AM
We help people live near the metro. Located at the foot of Shooter’s Hill where King Street leaves Old Town, the King Street Metro, offers 10 short term metered parking spaces along with bike racks while having car sharing available. Famous to residents of Alexandria, King Street offers a variety of shops, boutiques, restaurants, nightclubs and activities to benefit a person seeking a thrilling day out. Unique shops and upscale restaurants can also be found at King Street. The historic characteristics of King Street does not disappoint visitors as well, as it offers over 4000 historical buildings featuring early American … (7 comments)
old town: The Duke at Old Town: Flats by Nesbitt Realty
- 05/31/13 12:33 AM
The Duke’s flats use girth to make up for a lack of height. These single-level homes span between 1,311 to 1,571 sq. ft. and feature a beautiful reception area. Artist’s rendering
Flats come in six varieties, all of which have two bedrooms and two bathrooms. For those who are noise-conscious, thick noise-barrier concrete stands between each flat. Also, each flat resident receives one parking space with a second space available. But the layout is really what differentiates one from the other.
The Berkley: In addition to a den and a sunroom, this variety has plenty of storage space. The … (1 comments)
old town: 8 Reasons Why Buying a Home or Condo is Good for You
- 05/30/13 12:15 AM
The mareket is heating up and now is a great time to buy. And, what’s more, tomorrow will be a great time to own, because the fundamental strength of homeownership hasn’t changed. Julie can help you with all your real estate needs.
Here are 10 reasons:
You can get a good deal. Prices are as low as they are going to get for a while. And prices are at a level that makes sense for people’s income. Mortgages are cheap. At 3.75% on average for a 30-year fixed-rate mortgage, your costs to own are down. You can save on … (6 comments)
old town: 4 Easy Tips for Staging a Home to Sell
- 05/30/13 12:11 AM
Here’s some of our simplest and easiest staging tips: Store toasters in the cabinet because it is almost impossible to keep them looking clean. Take all the magnets off the refrigerator. Stow knick-knacks, personal items and photographs In a pricey home, get rid of any furniture that looks cheap. It interferes with the buyer’s ability to imagine themselves living there. Hi-Tech Hometown Home Sales! We sell homes, townhouses and condos in Northern Virginia. Our home seller's resource page will answer common questions like:
Why Nesbitt Realty? What is a listing agent? How much is my home worth? … (1 comments)
old town: Owner Financing Can Expedite Sales
- 05/28/13 12:17 AM
Owner financing can help sell a property in this challenging market. Banks generally are willing to accept rent credits for an option to buy as an acceptable down payment, but both buyers and sellers must follow these guidelines for Fannie Mae and Freddie Mac to sanction the transaction.
The rental amount must be determined by a property appraisal with the credit for the down payment clearly calculated as the difference between market rent and actual rent paid for 12 months. For instance, if market rent is $1,000 and rent paid is $1,200, $200 could be credited monthly toward the down … (3 comments)
old town: Renting Unsold Property May Be a Good Move
- 05/28/13 12:08 AM
Home owners who can’t or don’t want to sell their homes in today’s market but must move should consider renting out the property. Landlords trust our family-business to manage their real estate investments. Whether this is your first rental or your tenth, Nesbitt Realty can help. We manage rental homes, townhouses and condos in Northern Virginia. Our property management resource page will answer common questions like:
Why Nesbitt Realty? What will it cost me to list my property? How rent can my property fetch? What markets do you serve? What does a property manager do? What do I … (4 comments)
old town: What Do Property Managers Do? by Nesbitt Realty
- 05/24/13 12:17 AM
Property managers can come in the form of a person or a company. Either way, what they do can be simply summarized as: getting paid to oversee a real estate property on behalf of the owner. The responsibilities of a property manager include (as applicable) dealing with the property’s tenants, facilitating repairs or improvements necessary for homes, assuring overall cleanliness and general maintenance of the property, landscaping, etc. This is, of course, in line with any arrangements the property manager has agreed upon with the owner.
Amin & Will in Lowes
It is possible for a property manager to … (0 comments)
old town: Don’t Let Buyers Move in Before Closing
- 05/23/13 12:14 AM
Sometimes a seller will ask to take possession of the property prior to closing. If the buyers need a place to live until their property closes, tell them to stay with a friend, relative, in a hotel, or send them on a vacation, but whatever you do, avoid allowing them to take possession of the property prior to closing. Carlyle Towers Bedroom
The liability is too great and the risk of failure to close too severe when sellers let buyers move in early, but if such a situation is unavoidable, here are some of my key recommendations.
King Street Metro Station “Location, location, location near public transportation” may be the new real-estate mantra according to a new study released today by the American Public Transportation Association and the National Association of REALTORS®. Data in the study reveals that during the last recession, residential property values performed 42 percent better on average if they were located near public transportation with high-frequency service. “When homes are located near public transportation, it is the equivalent of creating housing as desirable as beachfront property,” APTA President and CEO Michael Melaniphy said. “This study shows that consumers are choosing neighborhoods with … (7 comments)
old town: Agents to Sellers: Get Moving!
- 05/21/13 11:49 PM
With inventories at 13-year lows, real estate professionals are getting creative in trying to convince home owners to sell. Julie sold another!
“There’s such little inventory that my joke is it’s like the last shrimp at the buffet at a cocktail party and everyone’s jumping on it to try and get to it,” Boston-area real estate pro Ken Snyder told American Public Media.
Snyder has been posting stories on his social networks about how he’s getting six or seven offers on properties from the high buyer demand, but then adds “Sellers, hello? Where are you?!” His messaging is working. … (1 comments)
We can help you sell your property quickly and at the highest price possible. Here are four things sellers should understand about today’s market to make their homes as saleable as possible: Time and time again, we find that real estate pricing is very local. That means real estate professionals and homeowners need to closely examine comparables. We have to see what nearby properties have sold for in the past three months. We also look at the competition and what’s under agreement. The bottom of the market is probably behind us, but it’s hard to know how much your … (5 comments)
old town: Buyer Demand Soars, But Where Are the Houses?
- 05/20/13 11:57 PM
Buyer demand is rapidly rising, but the housing market is realizing they may not have the inventory to meet it. “The housing turnaround seems to have caught almost everyone in the business by surprise,” The New York Times reports. “As desirable as the long-awaited improvement may be, the unusually low level of homes for sale is creating widespread problems for buyers and sellers alike, leading to bidding wars and bubble-like price jumps in places that not long ago were suffering from major declines.”
After years of not building, homebuilders are scrambling to ramp up production to meet demand, but … (3 comments)
old town: 2013 Home Buying Season Kicks Off Early
- 05/17/13 12:22 AM
Home prices are rising, the number of homes for-sale is showing a slight increase, and homes are selling faster—all signs that spring is in the air in real estate, according to the latest MLS data released by Realtor.com®. Nationwide, median list prices continue to tick up, reaching $189,900 in February. Inventories last month increased 1.15 percent month-over-month, after recently hitting record lows. Also, homes are selling faster with the median age of inventory at 98 days, a 9.26 percent drop from the previous month.
“As we enter the busiest time of the year for home buyers and sellers, our latest … (7 comments)
Belle View condos is one of many areas in Northern VA that are currently “hot”. Some housing markets are heating up so much that homes are selling in less than 24 hours—also known as a “flash sale.” I recently had a client that was caught in a torrent of flash sales. She put in offers on several homes that were sold in one day at prices that equaled or exceeded the list price. Her purchase was a flash sale: she made an offer on the day that the property was listed. Hi-Tech Hometown Home Sales! We sell homes, townhouses … (3 comments)
old town: 5 Indicators You Might Have Found Your New Home
- 05/16/13 05:13 AM
The best deals on homes these days are often on properties that aren’t perfect. But that doesn’t mean that home shoppers looking for a great deal can’t find a place with potential. Location, location, location. You can always fix a property, but you can’t always fix the neighborhood. In the long run, home buyers often get a better deal with the worst house in a great neighborhood than with a fancy house in a not-so terrific neighborhood. Less than 50 years old. Properties older than a half decade are likely to have more fundamental problems — like aging wiring, inadequate plumbing … (2 comments)
Create a neutral environment by boxing up personal items such as knick-knacks, family mementos, and books. Make the rooms seem more spacious by removing excess furniture. Thoroughly clean carpets, windows, closets, and ovens. Assess needed household repairs and make them. Clear debris from sidewalks, decks, and driveways. Get a qualified HVAC specialist to certify that the furnace and air conditioner is in good condition. Replace dated kitchen and bathroom hardware and fixtures. Remove heavy curtains that block light. Repaint rooms … (2 comments)
old town: Seen around Alexandria House
- 05/14/13 11:57 PM
Wondering what the Alexandria House is like? Built-in shelving in an Alexandria House condoCanopied entrance to Alexandria House condosCanopied entrance at Alexandria House in Old Town Typical kitchen at Alexandria HouseWalk-in closet with upgrades at Alexandria HouseLobby of Alexandria House in Old Town Eastward view from Alexandria House — the Potomac RiverAlexandria House in Old Town Alexandria … (6 comments)
old town: Pocket Listings Heat Up: Good or Bad?
- 05/14/13 12:24 AM
Pocket listings — off-market listings that are marketed directly by the seller’s real estate agent or broker — are growing in number, according to news reports. Sellers must agree to “pocket listings”; otherwise they aren’t permitted. Some sellers agree to such arrangements to “test the waters” first with selling or to avoid a large number of people from entering their home, or they may seek privacy, like in cases of celebrities or public figures. Some real estate professionals argue the rise in pocket listings is hurting the housing market because these homes are given limited exposure and are making it more difficult … (5 comments)
old town: Economists Revise Housing Figures Amid Optimism
- 05/14/13 12:03 AM
Several economists have recently revised their predictions on housing values to reflect a stronger-than-expected real estate rebound, and some have even doubled their original forecasts over the rise in home prices. For example, economists at Bank of America revised their home price forecast from 4.7 percent this year to 8 percent. Capital Economics’ Economist Paul Diggle upwardly revised his home price forecast too, from a 5 percent projection to an 8 percent rise in home prices this year.
“Prices of both new and existing homes are picking up, the latter by over 10 percent year-on- year,” Diggle notes. “Indeed, after … (1 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.
Some would-be move-up home sellers are eying home prices carefully. They’re waiting to see how much home prices appreciate more before they consider selling their home. But they may be missing their perfect opportunity, some housing experts say.
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