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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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Tips for Buying Bristow HomesQualifying the Buyer for your Bristow Property
Either you or your agent will want to weed out potential buyers who cannot afford to purchase your Bristow home. Items to investigate include the buyer’s debt and credit history, current income and employment, the availability of cash for a down payment, the time the buyer needs before closing on the home and the buyer’s level of interest in your home as compared to other properties.
Fixed Rate Loans in Bristow
Advantages: As indicated earlier, predictability is the biggest incentive for choosing a fixed-rate loan for your Bristow 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 Bristow on conventional, fixed-rate loans are usually higher than the down payment required for an ARM.
Bristow 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 Bristow market does not necessarily move in tandem with the stock market or the economy as a whole. Bristow 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 Bristow is no exception. When the economy slows down, interest rates fall, the "affordability index" moves up and more people can afford houses. The Bristow market will take the lead.
Bristow Disclosure Rule
Types of Material Defects for Bristow might include any known structural deficiencies or building code violations. Material Defects might also include defects in walls, ceilings, floors, windows, foundations or electrical or plumbing systems. If you are selling in the summer and the place usually floods in the winter that is a material defect that is not going to be obvious to a prospective buyer.
When you are contemplating the possibility of selling your Bristow you might want to ask yourself what you would want to know about the property if you were planning to buy it. If a condition or situation would be important to you, disclose it and disclose it in writing. As a seller, this is your strongest protection against future litigation.
Bristow Disclosure Rule
If you are contemplating the purchase of an existing home or any Bristow, 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. Bristow 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 Bristow, just give me a call.
Bristow Real Estate Title Insurance
Buying a new home is the single largest financial investment for most families but there are risks. What if the seller doesn’t really own the home? What if there are mortgages, judgements or liens against the property? What if the property taxes have not been paid for several years? Bristow real estate Title insurance protects you against these types of risks and against the risks of human error. It is your basic home ownership protection.
Bristow Title insurance protects you against future losses arising out of events that have happened in the past. Unlike other types of insurance, title insurance is paid when the policy is issued and is good for the life of the policy. The premium required is based on the amount of the sale or the mortgage.
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