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

Tips for Selling Manassas Real Estate

Manassas-Home of Their Dreams


Ever think you would like to build your own Manassas home and have everything just the way you want it? Lots of people do and they often start by looking at land or lots for sale. With many people the idea is to buy a lot today, get it paid off or mostly paid off and then sometime in the future, contract with a custom builder for the Home of their Dreams via Manassas.

Negotiating the Sale of Your Manassas Home.


Some say that the Devil is in the Details and these last two steps are full of details as buyers make offers contingent upon certain conditions being met by the seller and sellers make counter offers in the process of closing your Manassas home. Once there is agreement, however, many details still remain in order to finalize the sale.

Buying Manassas Below Market


Isnt that everyones dream? I hear it from prospective buyers almost every day and many of them want to find the perfect Manassas home priced considerably under market. Is it possible? The answer may surprise you but often it is possible. You just need a sophisticated buying strategy.

Now the idea that you can simply decide one day to go house hunting and find just the Manassas real estate you want priced way under market is pushing your luck. But if you take advantage of some of todays Internet technology, do your homework and bide your time, you might find just what you are looking for. First lets look at the technology.


Buying Manassas Below Market


While the perfect Manassas option at the right price might come on the market within a couple of weeks, dont 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 dont 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.

Rent or Buy Manassas


In the early years of your Manassas mortgage, nearly all of every monthly payment is interest. This means you are only paying off a tiny bit of the loan principal, but it is good news in terms of tax savings.

The monthly payment for a $100,000, 30-year, 8% mortgage on your Manassas would be about $734. In the first year of your mortgage, $7,970 of your $8,805 payment or 91% would be deductible as mortgage interest. Even in the tenth year, almost 81% of your payments would be deductible. What this is worth to you depends on your tax bracket but this tax savings built into the home-buying equation is why you can afford to make higher mortgage payments than your current rent payments without squeezing your budget. There is no similar tax subsidy for renters.


Manassas DOWNTURNS


Real estate markets are affected by the economy as a whole and in turn, can affect the general economy. Of course, a buyers dream is to buy Manassas when prices are low and sell when prices are high. However, real estate is not exactly like other forms of investment and most people become comfortable and attached to their homes and are not interested in selling just because the market is right.