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

Manassas Condos

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 Real Estate Contract Options


Less common types of agreements include what is known as a One Time Show, and Exclusive Agency, and an Open Listing agreement. The One -Time Show and the Open Listing are similar and are often used by homeowners who wish to sell their Manassas real estate on their own but will agree to pay a commission to an agent who brings a qualified buyer for the home. A Manassas homeowner may agree to an Open Listing with several agents and also agree to a One-Time Show to any agent who has an interested buyer.

Manassas Real Estate Cycles


What makes most sense is the "buy and hold" strategy. Buy a home you expect to remain in for at least seven years or more. Manassas is no different than most, although the Manassas market does have it's own special circumstances.

Want to get a clear and up-to-date picture of the Manassas real estate market? Call me at any time. I am happy to share my knowledge of the real estate market with homeowners and prospective homeowners who want to take advantage of market trends to buy and/or sell wisely.


Manassas Disclosure Rule


Types of Material Defects for Manassas might include any known structural deficiencies or building code violations. Material Defects might also include defects in walls, ceilings, floors, windows, foundations or electrical or plumbing systems. If you are selling in the summer and the place usually floods in the winter that is a material defect that is not going to be obvious to a prospective buyer.

When you are contemplating the possibility of selling your Manassas you might want to ask yourself what you would want to know about the property if you were planning to buy it. If a condition or situation would be important to you, disclose it and disclose it in writing. As a seller, this is your strongest protection against future litigation.


Before You Buy Your Manassas Home


Whether you are a first time buyer or someone who is moving up to a more expensive home its a good idea to start by cleaning up your credit report. Lets say you apply for a loan to purchase an Manassas condo, town home, single-family home or any type of Manassas. The lender will check out your monthly income and outgo to determine if you can afford to repay the loan. Therefore, it is to your advantage to pay off as many high-interest consumer loans as possible. If you are planning on buying a car, a boat or other major purchase, put it off until after you have bought your selected Manassas real estate. Lenders look for certain patterns they consider red flags. These are: late payments, overextension, liens, garnishments and, of course, bankruptcy. Remember, debts reduce the amount of cash you can spend on the Manassas you want to buy, so clear the decks as much as possible before applying for a loan


Taking Title to Your Manassas


There are so many details to consider when purchasing your Manassas and mounds of legal paperwork to read that sometimes it seems overwhelming. Some important decision can be made ahead of time so you know what is in your best interests when the time comes. For example, right at the end when the paperwork is being signed you may be asked how you want to take title. This is an important decision that should not be rushed but often is. Knowing some of the common forms of Manassas ownership ahead of time is one way to protect yourself.

A single Manassas buyer will usually want to take title in his/her name alone. Husbands and wives usually own property through a form of joint ownership such as joint tenancy. Unrelated individuals can take title in a limited partnership arrangement.