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DC
METRO REAL ESTATE
Serving
the Real Estate needs of the communities of
Manassas, Bristow, Haymarket, Warrenton, Gainesville
and Culpeper in Northern Virginia
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Dave
Scardina
Broker
/ Owner
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703-829-SOLD
866-909-0900
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Manassas Real Estate SummaryFixed 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 Real Estate Cycles
One problem with attempting to time your purchase to the business cycle is that even experts have problems accurately predicting the future economy. Even when they can, the Manassas market does not necessarily move in tandem with the stock market or the economy as a whole. Manassas is a unique situation.
When the economy is doing well, interest rates are generally higher. The result is that fewer people can afford houses, and Manassas is no exception. When the economy slows down, interest rates fall, the "affordability index" moves up and more people can afford houses. The Manassas market will take the lead.
Buying Manassas Below Market
While the perfect Manassas option at the right price might come on the market within a couple of weeks, don’t expect that kind of time frame. You must be prepared to wait months for right property, and the Manassas is no exception. Remember, most sellers tend to ask MORE than their property is worth, not less so bargains don’t pop up every day. Often times, homes that are on the market for too long a period of time will come down in price as the homeowners get tired of having their house for sale but unless the seller is really pressed, home prices tend to come down is small increments unless there is an unfortunate circumstance that might cause the homeowner to price the Manassas under market for the specific purpose of getting a fast sale.
Does Your Manassas Have Curb Appeal?
From cottages to castles some Manassas have so much curb appeal that passersby can’t help but stop and admire them. When visiting property with great curb appeal, prospective buyers often experience 'Love at First Sight' and this disposes them to love the entire home before they even walk through the front door.
Manassas curb appeal is the result of a perfect blend of architectural style, landscaping, up-keep and color choices. Money alone does not guarantee outstanding curb appeal. I’ve seen very expensive Area homes with costly landscaping that fail to appeal and I’ve seen very modest priced Area homes with outstanding curb appeal. In part, the landscaping aspect of curb appeal is a matter of personal taste.
What Makes Manassas Sell?
The Condition affects its salability and possibly price. Manassas that is in move-in condition will usually sell for a higher price than a home that suffers from deferred maintenance.
The Home’s Accessibility refers to just that. Is the Manassas accessible to shopping and local transportation? For some this would be a necessity and for others, the more remote the better.
Marketing Exposure refers to how Manassas is advertised. Today the Internet is a fantastic way to market a home but it is still true that the best service a listing agent can do for sellers is to promote the home heavily with local brokers and agents. The Internet and other advertising certainly help, but it is still true that in most cases it is the agent that sells the home by making sure the right buyers know about it.
Manassas INVESTMENT
Investing in Manassas as a second home or as a rental has many advantages. But before you invest, it is a good idea to acquaint yourself with the actual sales price of similar properties and to get a picture of the Manassas market in general. Please contact this office for detailed information on Manassas market
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