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

Learn About Manassas Homes for Sale

Fixed Rate Loans in Manassas


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

Manassas Real Estate...Homeowners Insurance


Manassas 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. Manassas 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.

Manassas Home Improvement


In a recent study, a midrange bathroom renovation paid off with an average 102% return on investment and an upscale bathroom renovation recouped 93% of its cost. A midrange kitchen renovation recouped 91% of its cost on average, and an upscale kitchen recouped 85%. A minor kitchen-remodeling job returned 99% of its cost. There are numbers that apply to Manassas.

Proper maintenance and annual upkeep of your Manassas home may be the most important improvements of all. Clean the gutters to protect the exterior from water damage. Trim shrubs. Check for termites. Keep track of annual checkups -- and use that as a selling point. Annual maintenance pays back handsomely when you sell. And before the house goes up for sale, experts recommend a fresh coat of paint.

Manassas HOME BUYING PITFALLS TO AVOID


Sellers usually rely on sales of Manassas homes of comparable value to determine a fair and realistic price to set for their home but many sellers feel their home is worth much more and price their home accordingly. Buyers must also be tuned into sales for comparable homes in Manassas in order to judge the price of any home that is under consideration.

Being House Poor gets to be Old New real fast. A large and beautiful home with little or no furniture tends to be empty and cold. A life where almost every dime of income goes to the support of the Manassas house wears thin very quickly and is a frequent cause of family stress. Pushing yourself right up to your limit leaves you highly exposed when the inevitable changes to the national or your personal economy occurs.

Manassas 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? Manassas 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.

Manassas 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.


Manassas 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 Manassas loan is deductible on your Federal and State income tax. This fact alone gives homeowners a distinct advantage over renters.