Nesbitt Realty is a family-run small business that appreciates the opportunity to serve your Northern Virginia real estate needs.
How to Avoid Being Part of a Real Estate Scam
Recently a person pretending to be a rental applicant tried to run a scam on a property we manage. They hoped to scam the landlord and Nesbitt Realty. With increasing reports of real estate scams worldwide, here are some ways you too can avoid being caught up in fraud. Make sure all parties are who...Continue reading→
4 Easy Tips for Staging a Home to Sell
Here's some of our simplest and easiest staging tips: Store toasters in the cabinet because it is almost impossible to keep them looking clean. Take all the magnets off the refrigerator. Stow knick-knacks, personal items and photographs In a pricey home, get rid of any furniture that looks cheap. It interferes with the buyer’s ability...Continue reading→
5 Reasons Buying Real Estate is Better Than Renting
Are you considering renting in Northern Virginia? With remarkably low interest rates, perhaps you should consider buying? Here are 5 solid reasons that buying is better than renting. Be your own landlord. The landlord picks the paint colors. The landlord decides whether pets or smoking is allowed. If you are the landlord, you make...Continue reading→
How to Vet a Builder
If you're thinking of hiring a builder for custom work, here are some points to consider: Hire a good real estate attorney who has experience with new-construction contracts, knows state law, and is familiar with the issues unique to the area in which the property will be built. Talk to other customers. Ask how satisfied...Continue reading→
Owner Financing Can Expedite Sales
Owner financing can help sell a property in this challenging market. Banks generally are willing to accept rent credits for an option to buy as an acceptable down payment, but both buyers and sellers must follow these guidelines for Fannie Mae and Freddie Mac to sanction the transaction. The rental amount must be determined by...Continue reading→
Don’t Let Buyers Move in Before Closing
Sometimes a seller will ask to take possession of the property prior to closing. If the buyers need a place to live until their property closes, tell them to stay with a friend, relative, in a hotel, or send them on a vacation, but whatever you do, avoid allowing them to take possession of the...Continue reading→
Study: Buying a Home Is 44% Cheaper Than Renting
The recent rises in asking prices has been outpacing the increases in rents, but home buying still may make more financial sense, a new study shows. Owning a house was found to be 44 percent cheaper than renting, according to the latest study from Trulia that compared the costs of the two. The study found...Continue reading→
Homes Near Public Transportation Hold Value Better
“Location, location, location near public transportation” may be the new real-estate mantra according to a new study released today by the American Public Transportation Association and the National Association of REALTORS®. Data in the study reveals that during the last recession, residential property values performed 42 percent better on average if they were located near...Continue reading→
Agents to Sellers: Get Moving!
With inventories at 13-year lows, real estate professionals are getting creative in trying to convince home owners to sell. “There’s such little inventory that my joke is it’s like the last shrimp at the buffet at a cocktail party and everyone’s jumping on it to try and get to it,” Boston-area real estate pro Ken...Continue reading→