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 Real Estate / Help for Buyers and Sellers

Manassas has special regulations


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

Manassas Real Estate Cycles


During a slow economic time, fewer people are buying homes in the Manassas market. Even so, some homeowners find themselves in a situation where they must sell. Families grow beyond the capacity of the home, employees get relocated, and some may even find themselves unable to make their mortgage payment - perhaps because of a layoff in the family.

During sellers' markets, Manassas real estate sells quickly and sellers have a lot of pricing power. As a result, prices rise more rapidly than at other times. During buyers' markets, Manassas real estate may sit on the market for a while before selling, so sellers become more flexible and may even drop their prices.


Choosing Your Manassas Neighborhood


The fact is that much of the value of Manassas and real estate in general rests in its surrounding economic and social environment, which means its neighborhood. In addition to being located in the right neighborhood, the Manassas that you buy must not clash with its surroundings. To picture what we mean here, visualize the most expensive home you can imagine and then place it in the middle of a run down neighborhood. Not so desirable is it?

To sum up, the Manassas that you buy gets its value from a combination of the homes location and its size, style, age and amenities. You can change the homes size, style and amenities but you are stuck with the location.

When Manassas Does Not Sell


Lets say a home is in excellent condition but simply messy. The cat box needs changing, the dog dish is a mess, the dishes havent been put into the dishwasher and the beds are not made. Should these conditions affect the price of the Manassas? No, but they do. Take two identical houses next door to each other and priced the same. The sparkling clean house will sell much faster than the messy house and the messy house will more than likely sell for a lower figure. This is true of Manassas as well as real estate nationwide.

When a home does not sell, the owners tend to think that the REALTOR didnt do a good enough job of promoting the property. There is a difference among agents and brokers and some will promote a property more than others. However, the main and most important method of promoting Manassas for sale is listing it in the local MLS.

When Manassas Does Not Sell


Here is where your agents expertise and diligence comes into play. A top agent will consider what similar Manassas have sold for within the last 3 to 6 months and compare those homes condition, features and location with your home. If there are no comparable sales in the area, which is often the case with custom or one-of-a-kind properties, the agent may suggest that you obtain a formal appraisal.

A homeowner who must sell and sell quickly needs to price their Manassas at or slightly below market to ensure a quick sale. A different homeowner may want to sell but has time and wants to get the top market price. These homeowners will often price the home slightly above current market prices and expect interested buyers to offer a lower amount to start the negotiation.


Manassas SAVINGS


Everyone wants to buy the home of their dreams at the lowest possible price. Here is a tip for making the best Manassas buying decision. Make sure you know the actual real estate values in the area or areas where you plan to buy so that when you come across a home priced below market, you will know it.