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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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Buying and Selling Haymarket Real EstateFixed Rate Loans in Haymarket
Advantages: As indicated earlier, predictability is the biggest incentive for choosing a fixed-rate loan for your Haymarket real estate mortgage.
Disadvantages: Fixed rate loans usually come with higher interest than the start up interest rate on a fixed loan. Down payments for your Haymarket on conventional, fixed-rate loans are usually higher than the down payment required for an ARM.
Haymarket Homebuyers Quandry
When you find the home you want to buy you may make an offer contingent upon the sale of your existing Haymarket. In a Seller’s Market, offers with such contingencies are not well received because the seller must remove his home from the market while you sell yours. However there are times when this kind of offer is successful, even in the Haymarket market. A backup strategy might be to put in your offer with a very long escrow giving yourself time to sell your home. Very few sellers will accept these kinds of contingencies or long escrows if your house is not already on the market.
Haymarket: Art and Science
Buying a piece of Haymarket real estate is a science but buying your Haymarket home is an art. The science part involves getting the legal and financial parts down while the art is finding the Haymarket property that you’ll be happy with.
The total universe of possibilities within the universe of Haymarket real estate is quite diverse but narrowing your search ahead of time will help keep things in perspective.
In general there are two phases to any Haymarket real estate search. In the first phase, you get a feel for the different areas and an idea of what is being offered at what price. In the second phase, you search for the Haymarket real estate that meets all or most of your specifications.
Buying Haymarket Below Market
On most real estate Websites you can enter the parameters you want for your Haymarket. Include the price, size, features and location and the technology will notify you automatically the moment a property that meets your needs comes on the market. Now if what you are looking for is a particular type of property for a price that is significantly under market, you’d better be prepared to act quickly because you aren’t the only one who’s looking for a bargain.
Often times, when a home comes on the market priced under the market there are extenuating circumstances. Maybe the house needs maintenance. Maybe the yard needs work. If you are prepared with a certain amount of knowledge about the costs of roofing, painting, landscaping and other types of deferred maintenance, you will be in a position to evaluate whether or not the Haymarket is priced well enough that it truly is a bargain and not a fixer-upper nightmare.
Does Your Haymarket Have Curb Appeal?
From cottages to castles some Haymarket have so much curb appeal that passersby can’t help but stop and admire them. When visiting property with great curb appeal, prospective buyers often experience 'Love at First Sight' and this disposes them to love the entire home before they even walk through the front door.
Haymarket curb appeal is the result of a perfect blend of architectural style, landscaping, up-keep and color choices. Money alone does not guarantee outstanding curb appeal. I’ve seen very expensive Area homes with costly landscaping that fail to appeal and I’ve seen very modest priced Area homes with outstanding curb appeal. In part, the landscaping aspect of curb appeal is a matter of personal taste.
Rent or Buy Haymarket
For most people, the chance to trade nondeductible rent payments for mostly deductible mortgage payments is a powerful inducement to trade a rental home into a Haymarket of your own. This is by far the single most important reason why people decide to buy their first Haymarket.
However, whether you are considering your first Haymarket investment or planning to move up, the number crunching necessary to figure out how much house you can afford depends on two calculations: one for actual monthly outlays, the other for the true, after tax costs.
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