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 Real Estate

Negotiating the Sale of Your Haymarket Home.


Some say that the Devil is in the Details and these last two steps are full of details as buyers make offers contingent upon certain conditions being met by the seller and sellers make counter offers in the process of closing your Haymarket home. Once there is agreement, however, many details still remain in order to finalize the sale.

Fixed 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 Real Estate Title Insurance


Buying a new home is the single largest financial investment for most families but there are risks. What if the seller doesnt really own the home? What if there are mortgages, judgements or liens against the property? What if the property taxes have not been paid for several years? Haymarket real estate Title insurance protects you against these types of risks and against the risks of human error. It is your basic home ownership protection.

Haymarket Title insurance protects you against future losses arising out of events that have happened in the past. Unlike other types of insurance, title insurance is paid when the policy is issued and is good for the life of the policy. The premium required is based on the amount of the sale or the mortgage.


Haymarket. How Much Should You Offer?


Or more precisely, what does the seller owe on the property. If a seller owes $400,000 on the Haymarket real estate he or she is not likely to welcome an offer for $350,000. If you want to negotiate price, make sure you dont waste your time negotiating where there is no room to budge.

Even if the loan is high, if the seller is in default there is a possibility of a short sale as many lenders will reduce the loan balance in order to move the property. Most lenders do not want to foreclose and manage homes and the Haymarket market is no exception.


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.


Haymarket BARGAINS


A bargain exists in the mind of a buyer when entering into an agreement to exchange goods when the buyer thinks the price is favorable. Bargains can always be found in the Haymarket market if a buyer is patient and willing to wait for a truly motivated seller. In economic downturns many people believe that foreclosures and short sales are automatically bargains when, in fact, this may not be the case.