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DC
METRO REAL ESTATE
Serving
the Real Estate needs of the communities of
Manassas, Bristow, Haymarket, Warrenton, Gainesville
and Culpeper in Northern Virginia
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Dave
Scardina
Broker
/ Owner
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703-829-SOLD
866-909-0900
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Bristow Homes Search5 Steps To Sell Your Bristow Home
Selling your Bristow home is a process that involves five basic steps. These steps are Preparing the Home for Sale, Finding a Buyer, Qualifying the Buyer, Negotiating the Terms, Handling all the Details needed to finalize the sale. If you list your home your real estate agent takes responsibility for each step. If you sell on your own, it is your responsibility to complete each step.
Bristow Homeownsers Insurance
Bristow Home Safety Measures. You can usually obtain insurance discounts for having a smoke detector, burglar alarm or dead-bolt locks. However, take note that some fire systems can be costly and not every system may qualify for an insurance discount, so check with your insurance company first.
Don’t Over-Insure. Homeowner’s insurance is designed to protect you against loss should your Bristow home and furnishing be damaged or lost through theft, windstorm, fire, etc. The land under your home is not insured, as it is not at risk. If, in considering value, you include the cost of the land under your house, you may end up paying a higher insurance premium than you should.
Bristow Real Estate Cycles
One problem with attempting to time your purchase to the business cycle is that even experts have problems accurately predicting the future economy. Even when they can, the Bristow market does not necessarily move in tandem with the stock market or the economy as a whole. Bristow is a unique situation.
When the economy is doing well, interest rates are generally higher. The result is that fewer people can afford houses, and Bristow is no exception. When the economy slows down, interest rates fall, the "affordability index" moves up and more people can afford houses. The Bristow market will take the lead.
Bristow Real Estate Cycles
What makes most sense is the "buy and hold" strategy. Buy a home you expect to remain in for at least seven years or more. Bristow is no different than most, although the Bristow market does have it's own special circumstances.
Want to get a clear and up-to-date picture of the Bristow real estate market? Call me at any time. I am happy to share my knowledge of the real estate market with homeowners and prospective homeowners who want to take advantage of market trends to buy and/or sell wisely.
Guidelines for Buying Bristow
Let’s say everything is a GO! You have found the perfect Bristow home. You know you can afford it and it is actually priced below what you expected to pay. What a bargain! Yes there are bargains to be found in Bristow. At this point it is fine to put in an offer on the property but only with a well-planned contingency. Of course, it the home is going to be financed, the lender will want a Home Inspection before agreeing to lend money on the property. However, you need to protect yourself by making an offer SUBJECT TO a clean bill of health from the Home Inspector of your choice. This kind of a contingency gives you an out if the inspector finds a problem with the roof, or foundation or other structural problem that was not apparent to the seller or to your agent. This does not mean you will not buy the house but you will have a good reason to renegotiate the price with the seller.
Buying a Bristow Fixer-Upper
Some Bristow investors concentrate on buying fixer-uppers, making repairs and upgrades then selling for a profit. Going with a Bristow fixer-upper can also be a smart way for those who are handy to buy a home in a neighborhood that they might otherwise be unaffordable. Fixer-uppers are a wonderful opportunity for those who simply love to create their space to their own specifications but for whatever reason do not want to start with a vacant lot.
Best to know the extent of the job and whether or not you are up to it before you buy. Some Bristow fixer-uppers simply need cosmetic work such as paint, wallpaper, carpeting and maybe kitchen appliances are fairly easy to estimate the costs for fixing. Bristow homes that need minor structural repairs such as roofing are also fairly easy to cost estimate.
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