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 Summary

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 Disclosure Rule


If you are contemplating the purchase of an existing home or any Manassas, I strongly recommend that you utilize the services of a trusted home inspector. The final purchase of any home should be based on obtaining a favorable home inspection. Manassas is no exception to this rule.

What if the home inspector discovers a problem? That happens and as long as it happens before the sale is final the seller can fix the problem or the buyer who agrees to take the property as is can negotiate the price. Any questions regarding Manassas, just give me a call.


Manassas Real Estate Title Insurance


Buyers in the Manassas market can be tempted to save money by foregoing a title search but the risks are heavy because title problems are many and varied. Some typical problems that title searches have uncovered include a second mortgage on a home that does not appear to have been paid off. The sellers borrowed money years ago from a parent who insisted that a second mortgage be recorded. The loan was repaid but the title wasnt cleared. Another typical Manassas problem occurs when an owner had work done on the property but for one reason or another failed to pay the contractor in full. The contractor filed a mechanics lien on the property and it has never been removed. These are liens on the property and if you take title to a property without clearing these liens or encumbrances, you may be responsible them.


Buying Manassas Below Market


Isnt that everyones dream? I hear it from prospective buyers almost every day and many of them want to find the perfect Manassas home priced considerably under market. Is it possible? The answer may surprise you but often it is possible. You just need a sophisticated buying strategy.

Now the idea that you can simply decide one day to go house hunting and find just the Manassas real estate you want priced way under market is pushing your luck. But if you take advantage of some of todays Internet technology, do your homework and bide your time, you might find just what you are looking for. First lets look at the technology.


Manassas 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 Manassas 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.



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.