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

Information About Haymarket Homes and Condos

Haymarket has special regulations


Every area has its own building regulations. You need to know how these restrictions will affect the design of your Haymarket home. Issues to consider include zoning, setbacks, rights of way and easements. Most subdivisions have CC&Rs (Covenants, Codes and Restrictions). Studies of Haymarket demonstrate that these carefully to make sure they are not too restrictive for your needs or create excessive building costs.

Qualifying the Buyer for your Haymarket Property


Either you or your agent will want to weed out potential buyers who cannot afford to purchase your Haymarket home. Items to investigate include the buyers debt and credit history, current income and employment, the availability of cash for a down payment, the time the buyer needs before closing on the home and the buyers level of interest in your home as compared to other properties.


Haymarket FAIR MARKET VALUE


Setting the right price is an important first step in getting a home sold. Sellers often wonder if they should spend $200 to $400 for a professional appraisal of their Haymarket real estate before placing it on the market.

WAYS TO DETERMINE VALUE IN Haymarket


A professional appraiser's opinion of a property's market value is based on the recent sales of similar Haymarket real estate. Different appraisers could come up with different numbers. Even if all of them agreed on a value, there is no guarantee that you would receive that amount for your property. An alternative to a professional appraisal is to ask a professional Realtor for a written market analysis of your property. This analysis will include information about recent home sales in your neighborhood, as well as how those homes compare to yours.

Haymarket. How Much Should You Offer?


Comparable sales figures is a good guide for homeowners who are pricing their Haymarket and a good guide for prospective buyers. Make sure you compare homes that are similar to the one your are considering...the same neighborhood, the same size, the same condition. Also, make sure you compare sales within the past six months.

Ask your REALTOR for a comparison of the list price and sales price of comparable Haymarket sales. This information may give you a trend and a guideline for your offer. For example, maybe homes in the area have consistently listed for more than they actually sold for. If that is the case, find out what percentage of reduction occurred. Use this information as a basis for your offer.


Haymarket BENEFITS


A benefit is an advantage or something that promotes or enhances well-being. A Haymarket benefit might be its location, its home styles, its diversity and/or its proximity to major highways, employment, education and shopping. Whether or not any of these factors are or are not a benefit depends entirely on the point of view of the potential buyer. For example, being close to a major airport might be important for someone who flies a lot and an annoyance to someone who never flies and dislikes the noise of airplanes flying overhead.

Haymarket DEDUCTIONS


One of the advantages of home ownership is that while most other types of interest are not tax deductible, the interest you pay on your Haymarket loan is deductible on your Federal and State income tax. This fact alone gives homeowners a distinct advantage over renters.