Haymarket Real Estate Guide / Help for Buyers and Sellers

DC METRO REAL ESTATE

Serving the Real Estate needs of the communities of Manassas, Bristow, Haymarket, Warrenton, Gainesville and Culpeper  in Northern Virginia


Dave Scardina  
Broker / Owner

703-829-SOLD

866-909-0900

Haymarket Real Estate Guide / Help for Buyers and Sellers

Haymarket Real Estate Contract Options


Less common types of agreements include what is known as a “One Time Show,” and “Exclusive Agency,” and an “Open Listing” agreement. The One -Time Show and the Open Listing are similar and are often used by homeowners who wish to sell their Haymarket real estate on their own but will agree to pay a commission to an agent who brings a qualified buyer for the home. A Haymarket homeowner may agree to an Open Listing with several agents and also agree to a One-Time Show to any agent who has an interested buyer.

Before You Buy Your Haymarket Home


Whether you are a first time buyer or someone who is moving up to a more expensive home it’s a good idea to start by cleaning up your credit report. Let’s say you apply for a loan to purchase an Haymarket condo, town home, single-family home or any type of Haymarket. The lender will check out your monthly income and outgo to determine if you can afford to repay the loan. Therefore, it is to your advantage to pay off as many high-interest consumer loans as possible. If you are planning on buying a car, a boat or other major purchase, put it off until after you have bought your selected Haymarket real estate. Lenders look for certain patterns they consider red flags. These are: late payments, overextension, liens, garnishments and, of course, bankruptcy. Remember, debts reduce the amount of cash you can spend on the Haymarket you want to buy, so clear the decks as much as possible before applying for a loan


Buying a Haymarket Fixer-Upper


This, of course, depends on the condition of the Haymarket home and the estimated cost of the repairs you must make. Haymarket real estate in a good neighborhood that is priced about 25% lower than others that are in good shape may be a good deal if it simply needs cosmetic or minor structural repairs. If the house is a gut job, that is the entire inside will be torn out and rebuilt the 25% rule may work and may not so estimate your costs as closely as possible.

Shopping by neighborhood makes good sense when considering the purchase of a fixer upper. As a buyer, the more you know about the Haymarket homes in a particular area the better able you are when it comes time to judge whether or not a home your are considering meets the financial parameters you are looking for.


Buying a Haymarket Fixer-Upper


Finding the right Haymarket fixer upper often involves finding a seller who is in financial difficulty and wants to sell in order to protect their credit or to avoid foreclosure. Various government agencies such as VA, HUD, IRS and others offer homes in foreclosure for sale and these homes can make excellent fixer-uppers. Bank owned properties known as REOs, real estate owned, offer good opportunities since financial institutions want to eliminate their real estate holdings by selling foreclosures quickly.

Join my network of Haymarket buyers looking for specific types of properties. Call or Email me today.


Buying Haymarket Below Market


Isn’t that everyone’s dream? I hear it from prospective buyers almost every day and many of them want to find the perfect Haymarket home priced considerably under market. Is it possible? The answer may surprise you but often it is possible. You just need a sophisticated buying strategy.

Now the idea that you can simply decide one day to go house hunting and find just the Haymarket real estate you want priced way under market is pushing your luck. But if you take advantage of some of today’s Internet technology, do your homework and bide your time, you might find just what you are looking for. First let’s look at the technology.


Buying Haymarket Real Estate...Will it Pay?


The only factor being considered here is Home Equity. In individual cases it may be wiser to invest than to pre-pay your Haymarket loan. It also may be wiser to pay off high-interest, non-deductible loans before considering your home equity building options. Your financial advisor is the one to consult for these matters. If you would like up-to-the-minute information about home appreciation values in your area, please call or E-mail me today.