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Canadian Home Buyers Investing in U.S. Real Estate in Alexandria

According to a recent report from the National Association of REALTORS®, a considerable rise in sales dollar volume from Canadian home buyers caused foreign investment in U.S. real estate to increase in 2016. Even though China was in the top spot for sales volumes for the fourth year in a row, Canada saw the largest increase from $11.2 billion in 2015 to $19 billion in 2016 – an all-time high for the country. This rise is attributed to U.S. property prices; while still expensive, it is more affordable than Canadian real estate. Continue reading

Selling a Home in Alexandria? Consider Staging!

Most home sellers know the importance of keeping their house clean and clutter free while it is on the market, but sometimes, taking a few extra steps can make all the difference. That is where staging comes in. According to a report from the National Association of REALTORS®, 62 percent of seller’s agents say that staging a home will decrease the amount of time it spends on the market. Buyers also need to be able to picture themselves living in a house, and 77 percent of buyer’s agents say that staging makes it easier for buyers to visualize a house as their future home. Continue reading

Making the Most of a Small Home’s Storage in Alexandria

When it comes to small houses in Alexandria, every square inch of space is valuable and there are plenty of underused nooks and crannies that, with a little creativity, can be transformed into useful storage spaces. For example, installing pullout drawers under stairs can add about two square feet of storage per drawer and is the perfect way to store towels, linens and seasonal items. Utilizing ceiling space in closets can also add up to 12 square feet of extra storage: suspend two pieces of wire across a closet ceiling and use it to cradle wrapping paper, which will be out of sight but easy to reach. Continue reading

Featured In McLean

Mclean
Mclean
Check out this house in McLean Virginia. We regularly call out a listing that find either very typical or entirely unusual of 22101 to stay aware of real estate market developments and trends in McLean, VA. We like this home because the neighborhood backs up against Kent Gardens Park just off Old Chesterbrook.  The home offers unbeatable convenience with plenty of value for the price of $1,675,000. I think this neighborhood compares nicely to Beverly Manor. Continue reading

Are you considering down-sizing?

brick-styled condo
Abingdon Row Condominium is in Alexandria
For most people, the prospect of selling their own home can be positively daunting. First of all, there are usually plenty of things to do just to get it ready for the market. Besides the traditional clean-up, paint-up, fix-up chores that invariably wind up costing more than you planned, there are always the overriding concerns about how much the market will bear and how much you will eventually wind up selling it for. Will you get your asking price, or will you have to drop your price to make the deal? After all, your home is a major investment, no doubt a rather large one, so when it comes to selling it you want to get your highest possible return. Yet in spite of everyone's desire to get the top dollar for their property, most people are extremely unsure as to how to go about getting it. Talk to a Nesbitt Realty agent and we'll give you a market analysis of your property's value as well as a report on trends in Northern Virginia real estate and real estate in your neighborhood.  We're a local family-run business and we appreciate the opportunity to serve you. Featured Condos in Northern VA
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Renting Unsold Property May Be a Good Move

Home owners who can’t or don’t want to sell their homes in today’s market but must move should consider renting out the property. Nesbitt Realty manages rental homes, townhouses, and condos for landlords in Northern Virginia. We are a family business that strives for excellence in what we do.  Our goal is to strictly administer the lease while adhering to the Virginia Residential Landlord Tenant Act. We avoid "judgement calls" as much as possible; and we prefer to simply act in accordance with the lease, law, and regulations. We serve most of Northern Virginia and have offices across the area.  We manage single-family homes, townhouses, and condominiums. Property Management Basics Our real estate agents are professionals dedicated to excellence in real estate. Obtaining a professional property manager is a good first step. Professional property managers charge 7 percent to 10 percent of the monthly rent in many areas. Nesbitt Realty is often cheaper than our competitors. Current rents may not be high enough to cover carrying charges, including mortgage, taxes, and insurance. Nevertheless, renting out the property may still make sense if property values rise in the next few years. Offering a 12-month lease that converts to month-to-month is a good idea, if the owners are considering selling eventually. Include language in the lease that allows a real estate professional to show the home to potential buyers with 24 hours’ notice to tenants. For more information or to set up an appointment call Julie at (703)765-0300.