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 choices in Northern Virginia. Read more about buying now“Using a real estate agent is a very good idea,” says the U.S. Department of Housing and Urban Development (HUD). "All the details involved in home buying [and selling], particularly the financial ones, can be mind-boggling. A good professional can guide you through the entire process and make the experience much easier."
What’s the Difference Between a Real Estate Agent and a Realtor?
What Does a Realtor Do?
Realtors are required by law to:- perform necessary and customary acts to assist in the purchase or sale of real estate.
- perform these acts in good faith and with reasonable care.
- properly account for money or other property placed in his or her care.
- disclose “adverse material facts” which are, or should be, within the agent’s knowledge.
Are You in Need of a Property Manager?
There are many advantages to hiring a property management company in Northern Virginia; however, there is also an expense associated with hiring a property manager. In addition to the cost attached to property management, there are also other reasons why property management may not be suitable for your needs. There are factors to consider in order to determine whether hiring a property management company is ideal for you. Ask yourself these questions as they will be helpful in determining whether there is a possibility that you need the services of Nesbitt Realty.- Will you be living and working in the vicinity of your rental property? Northern Virginia is a very transient area. We have more than our share of military, diplomats, State Department, political appointees, and academia. If you are being transferred across the country or halfway across the globe, it may be a good idea to have a professional organization manage your rental property. Simple tasks may become complicated very quickly when you are not present to manage the details.
- Are you interested in handling all details of property management? There are some landlords who look forward to the challenge of finding good tenants in Northern Virginia. Other landlords are of the opinion that maintaining a property and managing the details are rewarding, and they enjoy taking late night calls. On the contrary, if you think rental property ownership is laborious and want little or nothing to do with the everyday management of your properties, you may consider hiring a property management company to manage your property.
- How full is your schedule? As rewarding as hands-on management is, you may not have much time to devote to your property management business. If you already have a full plate, then the last thing that you look forward to doing is nonstop worrying. Thus, hiring a property management company may be one of the best financial investments that you have made.
- Is the cost affordable? We will be honest. If you are considering hiring a property management company, it will be a much more attractive option if you are able to afford it. If monthly cash-flow is not an issue, you will prefer to save money by paying a property manager and writing off the expense. However, if at the end of every month cash is not readily available, you may not want to hire a property manager.
- Can you afford the risk? Do you understand the Virginia Residential Landlord Tenant Act? Do you know what are the tenant's rights? Do you know what are your responsibilities as a landlord? The more you familiarize yourself with property management in today's litigious culture, the more you will understand the value of having a professional who is always available to handle your matters.
- Do you have easy access to a network of maintenance people? All properties require maintenance. When your tenant calls you because the property is in need of repair, will you know whom to call and what to do in a timely manner? If not, you may want to consider hiring a property manager.
You, as a potential renter in Northern Virginia, need to know what you need. Some people are simply looking for a place to eat, sleep and shower while others are looking for a lifestyle or a space that will accommodate various activities, such as working, entertaining and hobbies. Think about what the space needs to do for you and make a list of your specific requirements. For example, do you need built in kitchen appliances? Is a washer and dryer essential or is there a laundry nearby? Do you need easy access to the metro or do you need parking for a car? These are questions only you can answer. And then of course there is the all-important budget. What will your money get you and what are you prepared to sacrifice to stay within budget? Remember when you assess your requirements to differentiate between wants and needs because unfortunately you will most likely have to compromise somewhere. Your needs are the things you cannot do without and your wants are those little extras that make your life more comfortable but are not essential. Take your list of requirements and mark your wants and needs in different colors and then rank them in order of importance. Remember your needs are always more important than your wants. [Read more about rental agents]
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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.