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

View Bristow Real Estate News / Buy and Sell Wisely

Bristow Lot


Financially that may be a good strategy but take heed and purchase your Bristow lot with care. Why? Because it can happen that the lot you buy today is not suited at all for the Bristow home you want to build in the future. Here are some things to watch out for.

Negotiating the Sale of Your Bristow 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 Bristow home. Once there is agreement, however, many details still remain in order to finalize the sale.

Bristow HOME BUYING MORTGAGE PITFALLS TO AVOID


ALL MORTGAGES ARE NOT ALIKE. There are far too many variablestype of mortgage, term, lender and amount of points to mention a fewnot to investigate all of your options in Bristow. Dont simply accept the first plan presented to you, whether it is from a mortgage broker, an agent or on the recommendation of a friend. Spend time comparing to get the best plan for you.

HOME INSPECTION A MUST. If you should ever think about skipping the Bristow home inspection in order to save money, stop and give yourself a good shaking. In the scheme of things, the Home Inspection fee is small potatoes but it is a very important step for any buyer to take. Going without a Home Inspection or choosing an unqualified inspector puts you at risk for not knowing about potentially expensive or even hazardous defects in the property.

Bristow Real Estate Cycles


In the business cycle of real estate, there are buyers' markets and sellers' markets...and some markets in between. It is all based on supply and/or demand. Bristow is no exception.

There are times when the economy is brisk and everyone feels confident about his or her prospects for the future. As a result, they spend money. People eat out more, buy new cars, and... they buy houses, namely Bristow.

Then, for one reason or another, the economy slows down. Companies lay off employees and consumers are more careful about where they spend money, perhaps saving more than usual. As a result, the economy decelerates. When there are fewer people in the market to buy homes. This is true for the Bristow real estate market as it is for all markets nationwide.


Building Bristow Home Equity


As a Bristow homeowner you have the right to pay more towards the principle loan amount each month. Lets say your monthly payment is $700.00 a month and $100.00 a month is being applied to the principle. If you choose to pay $900.00 instead of $700.00, the $200.00 overage will be applied entirely to the principle. Thus, instead of gaining $1,200.00 a year in Bristow home equity, you gain $3,600.00.

The only factor being considered here is Home Equity. In individual cases it may be wiser to invest than to pre-pay your home loan. It also may be wiser to pay off high-interest, non-deductible loans before considering your Bristow home equity building options. Your financial advisor is the one to consult for these matters. If you would like up-to-the-minute information about Bristow home appreciation values in your area, please call or E-mail me today.



Bristow BARGAINS


A bargain exists in the mind of a buyer when entering into an agreement to exchange goods when the buyer thinks the price is favorable. Bargains can always be found in the Bristow market if a buyer is patient and willing to wait for a truly motivated seller. In economic downturns many people believe that foreclosures and short sales are automatically bargains when, in fact, this may not be the case.