| Real Estate & Property Management Services

Are you ready to learn what to do to prepare for real estate hunting in the Alexandria, Virginia real estate market?

Understand that there’s no “great” time to buy a 1-bedroom property in 22314. If 525 Fayette St #121 is the most compatible place of residence in Northern Virginia for you, you don't want to miss out because you believe you can predict where the interest rates are going in the City of Alexandria tomorrow! Factors like market price and interest rate usually don’t change fast enough to make a difference in an individual home’s price in Alexandria. A much bigger factor is the property itself. Every single property in Alexandria is unique. So, property that you miss out on today, might never be on the market again. Don’t ask for too many opinions. Of course, everyone likes a little reassurance, however too many ideas can actually frustrate and confuse you rather than help. Give the most weight to your own needs and wants as well as the needs and wants of others who will be living in (or paying for) the home.

Start with the assumption that no home is ever perfect. There are many examples of compromises that buyers have to make every day. Consider a few of these possibilities. Maybe it's close to the Metro but far from the school you want.The association doesn't have enough amenities, but the association fee is low. Organize your needs and wants, and start with touring those homes that meet your needs. Expect some dickering, but don't expect any freebies in Alexandria. We have a very efficient real estate market in the City of Alexandria and most homes will trade for about what they are worth. There are very few properties that sell for more or less than the appraised value.If you pay too much, relax. I'll put an appraisal contingency in that will allow you to kick-out of the deal at no penalty if the home sales price is too high. When you're buying a mid-rise condo, you're also buying a neighborhood. Don’t get completely enamored by the physical aspects of a property to the point that you forget about important issues such as:

metro accessibility
convenience
resalability

Make plans now. Don’t wait until you’ve found a home to:

investigate insurance
consider a moving schedule
list your priorities
to get approved for a mortgage

I can help with the purchase process. Even if you just need to talk to learn more about how to go forward, please don’t hesitate to call. Get in touch with me if you’d like to learn more about 525 Fayette St #121.