Category: Activities

Why buy a home?

According to a new realtor.com® survey of more than 1,000 home shoppers, increasing rental costs are pushing more young adults toward homeownership, with 23 percent of buyers between the ages of 18 and 34 reporting rising rents as a trigger for their recent home purchase. “Although record-low inventory and high prices make this housing market unique, some classic features still top most shoppers’ wish lists,” says Danielle Hale, chief economist for realtor.com®. “At the same time, we found some clear differences in priorities. For instance, older buyers are concerned with privacy and being able to age comfortably, while millennials place more emphasis on family needs, stability, and personal expression.”  

• Homes for sale in Northern VA -- This our fastest and most comprehensive house hunting tool

In {Location_Name} who sets the price?

Agents at Nesbitt Realty understand that no matter what you've been told Realtors in {Location_Name} really have no control at all over the real estate market, only the plan behind marketing. Our Realtors never determine the asking price - the seller does. We can provide Realtor advice, but the seller makes the final decision. This not only applies to the list (asking) price, but it especially applies to the selling price. By the same token, we cannot control the offer price.  We can only present the offers that are actually made.  None-the-less, if the seller does things right and takes each step by step, together we’ll set a listing price in the right area and have no problems selling your property. [Learn more about selling your property]

When Shopping Rentals in in {Location_Name}, Stay within your Budget

The first step for any renter is to establish a realistic budget. Without a budget you will not be able to make an informed decision about the type of property you can afford and you may end up struggling to pay your rent. When drawing up a budget you need to consider your fixed costs. These are payments that have to be made every month and that cannot be altered. You need to subtract your fixed costs from your monthly income. These could include car insurance, travel costs, school fees and debt repayments. Then you need to subtract your living expenses, such as food, entertainment and medical bills. Once you have subtracted all these costs you will be able to determine the amount that you can spend on rent per month. It is important to be realistic when you draw up  your monthly expenses and it is a good idea to include an additional amount to be set aside for emergencies, savings and unexpected expenses. Once you have a clear idea of your rental budget then you can start looking for a property that suits both you lifestyle requirements and is within your budget. This is a good time to contact a rental agent. Rental agents have access to all the available rentals, they can ensure that you get good value for money and best of all they cost the renter nothing. [Learn more.]

A big value-add provided by your Nesbitt Realty property manager is “separation”. This to say, your Nesbitt Realty property manager maintains a level of separation between the landlord and the tenants and the property. As you may already know, it’s important to invest in real estate without emotionally investing in tenants or property. Your Nesbitt Realty property manager helps ensure that you always make the best decision for your family, rather than making the best decision for the tenant’s family. So, your Nesbitt Realty rental property manager serves as a buffer between the owner and his tenants. Nesbitt Realty can help you find tenants, handling repair projects and maintenance, oversee improvements, collect rent, and even pay some expenses and taxes. The specific tasks we handle vary based upon the needs and wishes of the property owner. Additionally, a competent Nesbitt Realty property manager gives you protection from certain liabilities. [Find out more about our property management services for landlords] Nesbitt Realty is your real estate resource in Northern Virginia.