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 Listings

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 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 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. How Much Should You Offer?


Comparable sales figures is a good guide for homeowners who are pricing their Manassas and a good guide for prospective buyers. Make sure you compare homes that are similar to the one your are considering...the same neighborhood, the same size, the same condition. Also, make sure you compare sales within the past six months.

Ask your REALTOR for a comparison of the list price and sales price of comparable Manassas sales. This information may give you a trend and a guideline for your offer. For example, maybe homes in the area have consistently listed for more than they actually sold for. If that is the case, find out what percentage of reduction occurred. Use this information as a basis for your offer.


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.

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.