Nesbitt Realty is a family-run small business that values the chance to assist you with your real estate requirements in Northern Virginia.
Changes to Wet Settlement Act
SB 158 Wet Settlement Act; lender's disclosure of charges for appraisal and valuation. Sponsor: A. Donald McEachin Wet settlement act; lender's disclosure of appraisal information. Requires any lender providing a loan secured by a first mortgage on real estate containing not more than four residential dwelling units to disclose on the settlement statement any fee...Continue reading→
Commonwealth of Virginia caps Application Fee for Tenants
The Commonwealth of Virginia has passed HB 720 sponsored by G. Glenn Oder to address landlord and tenant with a definition of application fee, etc. and manner of serving notice to tenants. This new law adds, among other things, a definition of "application fee." Application fees are now capped at the fee at $50, and provides...Continue reading→
What are closing costs?
Here's a list some of the typical concerns for real estate purchases, with specific notes for the condominium purchaser. Some of these (like Home Inspection) are optional, and a few of these are only required from some buyers (like PMI). Bank costs, including application fee, credit report, appraisal or inspection fee, processing, bank attorney fee....Continue reading→
How Nesbitt Realty can benefit you.
Nesbitt Realty has access to important information on real estate values, taxes, utility costs, COA fees, municipal services and facilities. Nesbitt Realty uses this information to filter properties and then shares this information with you so that you can make your most informed decision possible. Nesbitt Realty researches your housing needs in advance through the...Continue reading→
Home for sale near Fort Ward Park in Alexandria VA
During the U.S. Civil War, Fort Ward was the fifth largest fort defending the Capitol and thus deterred Confederate forces who never attacked its earthen walls. The Union Army abandoned the Fort in December 1865, and shortly thereafter any salvageable materials were sold at auction. The land is now owned by the City of Alexandria....Continue reading→
Introduction to Property Management
Property management is a business in and of itself. If you want to invest in real estate, but you don't want to be a property manager, the solution is really quite simple: employ the services of Nesbitt Realty. Our property managers are experienced individuals who will manage the day-to-day operations of your property. We manage...Continue reading→
Apothecary Museum is a Trip Back in Time at Old Town Alexandria VA
The Stabler-Leadbeater Apothecary Museum was opened by a Quaker pharmacist Edward Stabler in 1792 and is one of the oldest pharmacies in the country. Located on 105-107 South Fairfax Street Alexandria, Virginia in the heart of Old Town Alexandria. In addition to being a pharmacist, Stabler was dedicated to the abolition of slavery and the...Continue reading→
Foreclosure Crisis ‘Now Well Past the Peak’
Foreclosure filings continue their downward spiral, dropping to the lowest level in January since April 2007, according to RealtyTrac's latest report. Filings — which include notices of default, scheduled auctions, and bank repossessions — dropped 28 percent in January year-over-year. "We're now well past the peak of the foreclosure crisis," says Daren Blomquist, spokesman for...Continue reading→
Who pays to maintain your condo?
Everything built by man requires some maintenance at some point. Even so-called maintenance-free homes require some attention. So when making the transition from renting to buying, one aspect of home ownership that must be considered carefully is maintenance. Renters enjoy few advantages over buyers, but one benefit of renting is that in most cases renters...Continue reading→
What happens when an agent quits, dies or moves away?
Take the example of an imaginary agent name Charles Valiant of Imaginary Realty. Charles' client Dana Tennett wants to sell her house. So Dana approaches Charles. Dana signs a 90 day exclusive listing to sell her home. A week later, Charles decides to "chuck" it all. He moves to Japan and puts his license on...Continue reading→