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 Homeownsers Insurance


Bundle your Haymarket insurance policies. Some companies that sell homeowners, auto and liability coverage will take 5 to 15% off your premium if you buy two or more policies from them.

Reduce Your Risk. Find out from your insurance company what steps you can take to make your Haymarket more resistant to natural disasters. If you live in an older home, look into modernizing your heating, plumbing and electrical systems to reduce the risk of fire and water damage.


Haymarket Real Estate Cycles


One problem with attempting to time your purchase to the business cycle is that even experts have problems accurately predicting the future economy. Even when they can, the Haymarket market does not necessarily move in tandem with the stock market or the economy as a whole. Haymarket is a unique situation.

When the economy is doing well, interest rates are generally higher. The result is that fewer people can afford houses, and Haymarket is no exception. When the economy slows down, interest rates fall, the "affordability index" moves up and more people can afford houses. The Haymarket market will take the lead.


Haymarket Disclosure Rule


Tell All is definitely the rule for anyone who is selling Haymarket real estate in todays market. Let the Buyer Beware can easily come back and bite you in a delicate spotyour pocketbook.

Today, those selling a home or any Haymarket are expected to disclose all known material defects that are not readily apparent to the buyer. A Material Defect is usually a physical condition that would affect a buyers decision to purchase the home or what price to pay for the home. A leaky roof is definitely a Material Defect. If a Haymarket seller tries to disguise the leak by painting the interior ceiling and walls without fixing the leak, the truth will come out the next time it rains. Chances are the first call the buyer makes will be to his attorney.

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.


Choosing Your Haymarket Neighborhood


The fact is that much of the value of Haymarket and real estate in general rests in its surrounding economic and social environment, which means its neighborhood. In addition to being located in the right neighborhood, the Haymarket that you buy must not clash with its surroundings. To picture what we mean here, visualize the most expensive home you can imagine and then place it in the middle of a run down neighborhood. Not so desirable is it?

To sum up, the Haymarket that you buy gets its value from a combination of the homes location and its size, style, age and amenities. You can change the homes size, style and amenities but you are stuck with the location.

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.