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

Buying and Selling Haymarket Homes for Sale

Adjustable Rate Loans for Haymarket


ARMS may be called by various names including, variable-rate loans, adjustable rate loans or adjustable mortgage loans for your Haymarket 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 Haymarkethome.

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.

Haymarket Real Estate...Homeowners Insurance


Haymarket real estate Insurance costs can vary by hundreds of dollars depending on the insurance company from which you buy your policy. There are different types of policies that differ in the amount of coverage they provide. The most popular type is called HO-3. This kind of policy offers Area property protection and liability insurance. Haymarket real estate or property protection means that you will be reimbursed for losses or damages to the house and its contents. Liability Insurance protects you against personal liability, medical payments for injuries to others and damage to other peoples property. There are policies with more extensive coverage and are usually called deluxe or executive policies. If you do major remodeling to your home, make sure you upgrade your coverage. If you have an office in your home, you might want to consider special insurance for your computer equipment.

Green Remodeling Your Haymarket


Reduced material waste and resource conservation. When remodeling your Haymarket, there is often a large amount of construction waste: 136 million tons of waste annually, or about 20% of the waste in landfills, according to the EPA.

If you are planning to remodel your Haymarket anyway, going green offers money-saving advantages. In addition to increasing the value of your home, you will cut monthly operating costs, reduce waste and improve overall health.


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.


When Haymarket Does Not Sell


The number one, main reason why a home remains on the market is PRICE. There can be other problems as well such as the homes condition or location and even overall market conditions but the major reason for the NO SALE sign is the Haymarket is over priced. In fact, proper pricing will often overcome most all obstacles.

Some people prefer to buy Haymarket that needs some work if the price is right. Investors look at the property, evaluate the cost of brining it up to speed and make an offer if they feel they can make a quick profit. These kinds of investors are looking to fix and flip. Others with limited budgets may see the fixer-upper as a way to get started with Haymarket ownership. They may spend years working on improving the home, making improvements as they can afford it. So, a homes poor condition will not prevent a sale if the price reflects the situation.


Haymarket DOWNTURNS


Real estate markets are affected by the economy as a whole and in turn, can affect the general economy. Of course, a buyers dream is to buy Haymarket when prices are low and sell when prices are high. However, real estate is not exactly like other forms of investment and most people become comfortable and attached to their homes and are not interested in selling just because the market is right.