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

Bristow Real Estate Online

Bristow-Home of Their Dreams


Ever think you would like to build your own Bristow home and have everything just the way you want it? Lots of people do and they often start by looking at land or lots for sale. With many people the idea is to buy a lot today, get it paid off or mostly paid off and then sometime in the future, contract with a custom builder for the Home of their Dreams via Bristow.

Adjustable Rate Loans for Bristow


ARMS may be called by various names including, variable-rate loans, adjustable rate loans or adjustable mortgage loans for your Bristow home. They all feature an interest rate that can vary over the rate of the loan.

Advantages: The monthly payment on a typical ARM is lower in the early stages than the fixed rate loan. This may make it easier for the buyer to afford the Bristowhome.

Disadvantages: As interest rates increase, your monthly payment may increase or the amount of your payment applied to the principle may decrease which means that you must gamble on property appreciation to offset this increase in your indebtedness.

Bristow Homebuyers Quandry


Armed with the Comparative Marketing Analysis, it is time to approach your lender to see if you can get financing without selling your current Bristow. In most cases, financing will be contingent upon selling your home but you may be able to obtain interim financing sometimes known as a Bridge Loan.



Buying Bristow Real Estate...Will it Pay?


A frequent question from prospective homebuyers relates to building home equity. Bristow buyers like to estimate how much a home may increase in value based upon past appreciation. One of the many advantages of home ownership is that appreciation is based on the homes market value rather than on the actual dollar amount invested or the down payment so that a $100,000.00 home that appreciates 5% is now worth $105,000.00. This is one way of building your Bristow home equity but there is more you can do.


Bristow DEPRECIATION


Depreciation is the loss of value of a building or an asset due to wear, tear, and aging. Depreciation cannot be applied to your personal residence unless you use your Bristow in some way for business. If you do depreciate a part of your home, let's say a home office, there are tax consequences you must consider when you sell your home.

Bristow SAVINGS


Everyone wants to buy the home of their dreams at the lowest possible price. Here is a tip for making the best Bristow buying decision. Make sure you know the actual real estate values in the area or areas where you plan to buy so that when you come across a home priced below market, you will know it.