Are you ready to buy a home?
All across Northern Virginia, people are looking to a buy home - either now or in the future. Over the last few years, lower interest rates have come along, making it more affordable than ever to buy a home. In order to buy a house, you’ll need to start saving your money and have enough for the closing costs and a down payment. Check out our Closing Cost Estimator and talk to an agent to get an idea of what you need to have on hand to make your home purchase. In most cases, the closing costs will run you around 5% of the property price. Before you purchase the home, you should always get an estimate. An estimate won’t be the exact price, although it will be really close. You should always plan to save up a bit more money than you need, just to be on the safe side. It’s always best to have more than enough than not enough. You’ll know your ready to buy a home when you know exactly how much you can afford, and you’re willing to stick with your plan. When you buy a home and get your monthly mortgage payment, it shouldn’t be any more than 25% of your total monthly income. Although there are lenders out there who will say that you can afford to pay more, you should never let them talk you into doing so - but stick to your budget instead. Contact Nesbitt Realty to learn more about your selections in Northern Virginia. Read more about buying nowNesbitt Realty is a family-run brokerage. We appreciate every client and we'd love to help you achieve your real estate goals. Connect with us today to learn more about what we can do for you in Northern Virginia or to get a free assessment of your property's value. Nesbitt Realty has received numerous awards and recognitions for client satisfaction because we get results that make our clients happy. We'd love the opportunity to show you about why our clients rave about our service.
Few people know that property management is a business both in and of itself. If you are interested in investing in real estate, and you do not know how to be or want to be a property manager in Northern Virginia, there is a rather simple solution: employ Nesbitt Realty services. The Nesbitt Realty family-run business is very experienced with the management of day-to-day operations of properties like yours. We manage residential properties including homes, condos, and townhouses. [Learn more now.]
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Renting is a good way to get some firsthand experience with a neighborhood. Renting can let you sign a 1 year lease, say in a Shirlington 2 bedroom condo for example, with the option to continue, if you like the neighborhood. An advantage of this is you can test the waters, to see if you really love the features of this neighborhood or not. If you don’t like where you’re at, say for example, if the 4 bedroom, 2 story home in Lorton is not your style, you can always relocate to another place.Pay as You Go
Many Americans live pay check to pay check. Upfront, you will have a security deposit, with a rate that depends on your credit score. If you have a good credit score, your property manager might only charge 1 months’ rent, for a security deposit. On the other hand, if you have a poor credit score, your property manager might charge 2 months’ rent, for a security deposit. After this initial fee (which can be refunded if you meet the requirements like passing the move out inspection), it’s nice to know that after a chunk of your paycheck is put into your monthly rent, there’s a good portion left for bills, necessities, and fun expenditures, like neighborhood nightlife or personal hobbies.Short Term Commitment & Little Investment
Not sure if you want to stay in Northern Virginia, as a Washington DC commuting, GS-5? Do you have plans of living in California and seeing Napa Valley, Los Angeles, and San Francisco firsthand? Are you Active duty military, with upcoming orders for a new assignment, with no interest in the responsibility of becoming a homeowner? If so, these questions might make you lean towards renting, as opposed to buying. It’s nice to know that as a renter, you won’t have to worry about footing the bill for a repair on a roof that is falling apart, paying a monthly a condo fee (that could range anywhere from $150-$700), or paying the bill for a lawn service to pick up the leaves from your $1,000,000 Mount Vernon home, in fall. Overall, renting can be cheaper up front, but it isn’t for everyone. Also, who says you can't just buy later?Build Your Credit While You Sock Away Savings for a Down Payment
Paying your bills on time is an excellent way to build your credit score, and to show lenders that you know how to manage your money. If you are frugal, you can take a chip off each pay check, to build up a savings for buying a home in the future. The return on applying your savings to the purchase of the home of your dreams can be exponential. For those with an eye on the future, being a responsible tenant can prepare you financially and teach you the accountability necessary for home ownership.Roommates
Spending time with friends can make for priceless memories. Living together can be fun and slightly cheaper than going solo. The process of getting a group of friends together to rent out a property can be a very rewarding and challenging process. A Nesbitt Realty Realtor, like Stuart Nesbitt, can help make the later stages of finding and renting a property simple. There are many different neighborhoods in Northern Virginia to choose from, that can fit your specific needs (such as being metro accessible, having a main street, Being near a good school, being luxurious, being a certain type of building style [e.g. high-rise or garden style, for example] ,being affordable, or even being off the beaten path).The answers are here.
From time to time we update our site it takes time for the search engines to pick up on these changes. This page is designed to help you find what you seek and to explain to you a little about our site.
The "About Us" tab contains information about our company including our history, notes about the staff , contact information and driving directions. The "Guide" contains stories and descriptions about the towns, communities, subdivisions, city and counties of Northern Virginia. Under "Real Estate for ..." you can find specific information for renters, landlords, buyers and sellers. Or, under "For Sale" you can jump right into listings of property for sale in Northern VA.