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 Homes Guide / Tips for Buyers and Sellers

Manassas Home Improvement


Don't change the general architecture of the home, and make sure that renovations match. For example, a modern steel door doesn't belong on a ranch house built in the 1970s. Be aware of the features in Manassas.

Do it Yourself?
Be extremely confident you're capable of taking on a project before trying to do it yourself. When it comes time to sell your Manassas home, believe me buyers can and do spot all the signs of amateur work and they discount their offer accordingly.


Guidelines for Buying Manassas


The Internet is great but nothing really substitutes for your personal inspection of homes that are for sale in the Manassas. When you have visited plenty of homes online and in person when the right property comes along you will know it.

It is perfectly normal for buyers to have a general idea of what they want in a home without a great deal of specificity. Research, both online and in person will help you define your Manassas needs but you can and should know your financial needs before you even start looking. I recommend that buyers go through the process of prequalifying with a lender or at least with a real estate agent in order to narrow the search among homes that are a possibility. Many agents refuse to show homes to prospective buyers who have not been pre-qualified.


Manassas Homebuyers Quandry


Armed with the Comparative Marketing Analysis, it is time to approach your lender to see if you can get financing without selling your current Manassas. In most cases, financing will be contingent upon selling your home but you may be able to obtain interim financing sometimes known as a Bridge Loan.



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.


Rent or Buy Manassas


For most people, the chance to trade nondeductible rent payments for mostly deductible mortgage payments is a powerful inducement to trade a rental home into a Manassas of your own. This is by far the single most important reason why people decide to buy their first Manassas.

However, whether you are considering your first Manassas investment or planning to move up, the number crunching necessary to figure out how much house you can afford depends on two calculations: one for actual monthly outlays, the other for the true, after tax costs.


When Manassas Does Not Sell


The number one, main reason why a home remains on the market is PRICE. There can be other problems as well such as the homes condition or location and even overall market conditions but the major reason for the NO SALE sign is the Manassas is over priced. In fact, proper pricing will often overcome most all obstacles.

Some people prefer to buy Manassas that needs some work if the price is right. Investors look at the property, evaluate the cost of brining it up to speed and make an offer if they feel they can make a quick profit. These kinds of investors are looking to fix and flip. Others with limited budgets may see the fixer-upper as a way to get started with Manassas ownership. They may spend years working on improving the home, making improvements as they can afford it. So, a homes poor condition will not prevent a sale if the price reflects the situation.