Nesbitt Realty will strive to make the sales process as easygoing and stress-free as possible.
Renter expectations
One of the most important roles as a realtor is to set expectations for rental clients with regards to Availability Budget Turn-around Space Some of the biggest shocks to renters include: Having pets drastically reduces what's available. Large pets narrow the selection even further Expecting a landlord to keep a rental vacant for over a...Continue reading→
Are you purchasing a condo or home that needs work? Perhaps and FHA 203k is for you.
FHA 203K Loan - Eligible Property To be eligible for the FHA 203k mortgage loan, the property must be a one- to four-family dwelling that has been completed for at least one year. The number of units on the site must be acceptable according to local zoning requirements. All newly constructed units must be attached...Continue reading→
6 Creative Ways to Afford a Home
Investigate local, state, and national down payment assistance programs. These programs give qualified applicants loans or grants to cover all or part of your required down payment. National programs include the Nehemiah program, www.getdownpayment.com, and the American Dream Down Payment Fund from the Department of Housing and Urban Development, www.hud.gov. Explore seller financing. In some...Continue reading→
Are Banks Easing Up on Mortgage Standards?
A very tight mortgage lending environment “promises improvements this year as the drivers of tough credit standards reverse,” according to Moody’s Analytics ResiLandscape Report. Still, lending will remain tight by historical standards, the report notes. Tight underwriting conditions have been one of the main obstacles for the housing market recovery. But the credit agency...Continue reading→
Jumbo Mortgage Comeback Helps Lift Luxury Sales
The revival in the luxury real estate market is being fueled by growth in jumbo mortgages, Reuters reports. Jumbo loans typically are more than $417,000. “Jumbo loans are returning to the mortgage market after almost disappearing entirely in the wake of the credit crisis of 2008 and the real estate meltdown,” Reuters reports. “Most lenders...Continue reading→
What Home Buyers Really Want in 2013
Home buyers want energy efficiency, according to a new study released by the National Association of Home Builders titled, “What Home Buyers Really Want.” Four of the top-ranked home features involve saving energy. For example, 94 percent of buyers surveyed say they want energy-star rated appliances. Ninety-one percent said they want the whole home to...Continue reading→
What Services Do Property Managers Perform?
Property managers work for landlords to manage the day to day operations of rental properties. Lease Administration --- Nesbitt Realty will prepare your lease, find and screen tenants. Rental Servicing ---There are a lot of annoying details that landlords must deal with: unless they have a property manager. Our team handles billing, collecting, processing and...Continue reading→
Condo Considerations: Questions to Ask When Buying a Condo
Here are some common questions to ask your agent, your mortgage broker and yourself when you are thinking of buying a condo. How much can I afford per month? Is the condo is my price range? Is the community that I like? Where are the grocery stores, shopping malls, bars? Is there enough space for...Continue reading→
Have your condo docs in order
In the Commonwealth of Virginia (and in other states) the buyer must be allowed an opportunity to review the condo docs. From the time the condo docs are delivered, the buyer has 3 days to cancel the contract without cause, other than to say the condo docs contained information which caused the cancellation. The buyer...Continue reading→
Condo Considerations — Is a condo right for you?
There are many types of condominiums, some condos look like houses or townhouses, most look like high-rises or garden-style apartments. Even though a condo can look look like a townhouse or house, owning a condo differs from owing a fee simple property in many ways. There are aspects of condo living that some may view...Continue reading→