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 Overview

Bristow Real Estate Cycles


During a slow economic time, fewer people are buying homes in the Bristow market. Even so, some homeowners find themselves in a situation where they must sell. Families grow beyond the capacity of the home, employees get relocated, and some may even find themselves unable to make their mortgage payment - perhaps because of a layoff in the family.

During sellers' markets, Bristow real estate sells quickly and sellers have a lot of pricing power. As a result, prices rise more rapidly than at other times. During buyers' markets, Bristow real estate may sit on the market for a while before selling, so sellers become more flexible and may even drop their prices.


Rent or Buy Bristow


In the early years of your Bristow 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 Bristow 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.


What Makes Bristow Sell?


The Condition affects its salability and possibly price. Bristow that is in move-in condition will usually sell for a higher price than a home that suffers from deferred maintenance.

The Homes Accessibility refers to just that. Is the Bristow accessible to shopping and local transportation? For some this would be a necessity and for others, the more remote the better.

Marketing Exposure refers to how Bristow is advertised. Today the Internet is a fantastic way to market a home but it is still true that the best service a listing agent can do for sellers is to promote the home heavily with local brokers and agents. The Internet and other advertising certainly help, but it is still true that in most cases it is the agent that sells the home by making sure the right buyers know about it.


What Makes Bristow Sell?


If your only reason for selling your Bristow is for the purpose of taking your profits there are a couple ways to approach this. Assuming you have lived in the Bristow for two years so you can avoid federal tax consequences, if you sell when prices are high and rent until prices come down before buying a replacement home, you will have maximized your profit. Remember, if you sell when prices are low, you will still make a profit and be able to buy a replacement home while prices are still low.

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

Bristow SAVINGS


Everyone wants to buy the home of their dreams at the lowest possible price. Here is a tip for making the best Bristow buying decision. Make sure you know the actual real estate values in the area or areas where you plan to buy so that when you come across a home priced below market, you will know it.