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

Facts About Bristow Homes for Sale / Buy and Sell Wisely

Preparing to Sell Your Bristow Home


Experienced agents know what puts prospective buyers off when they view a home, especially Bristow. For example, when buyers find dirty dishes in the sink, notice offensive pet odors or spot obvious stains suggesting a leaking roof they begin to devalue the property. Some buyers may decide to pass on the house completely while others may think about making an offer way below the asking price. So, a good agents first step is to help the homeowner see the house as others will see it and take care of problems.


Negotiating the Sale of Your Bristow 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 Bristow home. Once there is agreement, however, many details still remain in order to finalize the sale.

Fixed Rate Loans in Bristow


Advantages: As indicated earlier, predictability is the biggest incentive for choosing a fixed-rate loan for your Bristow 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 Bristow on conventional, fixed-rate loans are usually higher than the down payment required for an ARM.

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.

Buying a Bristow Fixer-Upper


Some Bristow investors concentrate on buying fixer-uppers, making repairs and upgrades then selling for a profit. Going with a Bristow fixer-upper can also be a smart way for those who are handy to buy a home in a neighborhood that they might otherwise be unaffordable. Fixer-uppers are a wonderful opportunity for those who simply love to create their space to their own specifications but for whatever reason do not want to start with a vacant lot.

Best to know the extent of the job and whether or not you are up to it before you buy. Some Bristow fixer-uppers simply need cosmetic work such as paint, wallpaper, carpeting and maybe kitchen appliances are fairly easy to estimate the costs for fixing. Bristow homes that need minor structural repairs such as roofing are also fairly easy to cost estimate.

Buying a Bristow Fixer-Upper


Finding the right Bristow 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 Bristow buyers looking for specific types of properties. Call or Email me today.