View Bristow Real Estate News / Buy and Sell Wisely

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 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.


Bitten by the Bristow Home Improvement Bug?


Unless money simply isn’t an issue, the financial implications of remodeling are definitely something to consider. When it comes time to sell your Bristow home, the new buyer will usually not pay for over-improvements. This means that if you have the smallest home in an area of larger, more expensive homes, home improvements may make very good financial sense. However, if you already have the largest, most expensive home in Bristow, more improvements may make you more comfortable but may not bring you a good financial return. You may find that it is financially wiser to sell and move to a different home that already has the features you want to add.

Bitten by the Bristow Home Improvement Bug?


Money isn’t everything however so that if the most important consideration for remaining in your Bristow home happens to be the school where your children attend or the proximity to your work or to a particularly attractive recreational opportunity then remodeling may be the best option. On the other hand, if the idea of having your Bristow house torn up for weeks at a time makes your blood run cold, it really doesn’t matter how much money you might make turning a fixer-upper into a model home. You will be far better off selling the home you have and moving to a home that better fits your needs.

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.


Buying Bristow Real Estate...Will it Pay?


The only factor being considered here is Home Equity. In individual cases it may be wiser to invest than to pre-pay your Bristow loan. It also may be wiser to pay off high-interest, non-deductible loans before considering your 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 home appreciation values in your area, please call or E-mail me today.

Bristow DOWNTURNS


Real estate markets are affected by the economy as a whole and in turn, can affect the general economy. Of course, a buyer’s dream is to buy Bristow 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.