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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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News About Bristow Real EstateBristow Home Inspection
The purpose of a thorough home inspection is to ensure that Bristow home buyers know exactly what a home’s condition is prior to completing the transaction. A good Bristow home inspection should include an evaluation of the foundation, framing, roofing, site drainage, attic, plumbing, heating, electrical system, fireplaces, chimneys, pavement, fences, stairs, decks, patios, doors, windows, walls, ceilings, floors and built-in appliances. All significant or pertinent findings should be reported in writing to the prospective Bristow homebuyer. The home inspection report gives the Bristow homebuyer the information he or she needs to determine whether to buy the property as is or to ask the seller to make repairs.
In most cases, when an Bristow homebuyer makes repair requests, sellers usually agree to some if not all of the conditions.
Bristow: Art and Science
Buying a piece of Bristow real estate is a science but buying your Bristow home is an art. The science part involves getting the legal and financial parts down while the art is finding the Bristow property that you’ll be happy with.
The total universe of possibilities within the universe of Bristow real estate is quite diverse but narrowing your search ahead of time will help keep things in perspective.
In general there are two phases to any Bristow real estate search. In the first phase, you get a feel for the different areas and an idea of what is being offered at what price. In the second phase, you search for the Bristow real estate that meets all or most of your specifications.
Buying Bristow Real Estate...Will it Pay?
A frequent question from prospective homebuyers relates to building home equity. Bristow buyers like to estimate how much a home may increase in value based upon past appreciation. One of the many advantages of home ownership is that appreciation is based on the home’s market value rather than on the actual dollar amount invested or the down payment so that a $100,000.00 home that appreciates 5% is now worth $105,000.00. This is one way of building your Bristow home equity but there is more you can do.
When Bristow 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 home’s condition or location and even overall market conditions but the major reason for the NO SALE sign is the Bristow is over priced. In fact, proper pricing will often overcome most all obstacles.
Some people prefer to buy Bristow 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 Bristow ownership. They may spend years working on improving the home, making improvements as they can afford it. So, a home’s poor condition will not prevent a sale if the price reflects the situation.
When Bristow Does Not Sell
Here is where your agent’s expertise and diligence comes into play. A top agent will consider what similar Bristow 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 Bristow 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.
Bristow INVESTMENT
Investing in Bristow 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 Bristow market in general. Please contact this office for detailed information on Bristow market
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