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6 Facts about Burgundy Farm Country Day School

1. Burgundy Farm Country Day School is located at 3700 Burgundy Road Alexandria VA, 22303 2. Burgundy Farm Country Day School's campus used to be a diary farm 3. Approximately one third of Burgundy Farm Country Day School are of diverse backgrounds 4. As of 2013 Burgundy has been living the tenets of holistic, developmental teaching, and personal care for 67 years 5. Burgundy Farm Country Day School also has a West Virginia location 6. The phone number for Burgundy Farm Country Day School is 703-960-3431
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‘Missing Households’ Plague Housing Recovery

High unemployment among young adults is prompting a big loss in household formation that is critical for long-term housing demand, according to housing experts. Of 25 to 34 year olds, about 75 percent were employed in September; that’s about the same as year-ago levels and near the levels during the recession, The Wall Street Journal reports. Young adults who are unemployed are mostly opting to live with their parents and aren’t renting or owning their own place. Indeed, the number of adults under the age of 35 who are living at home is at the highest level since 1981. More than 30 percent of those aged 18 to 34 are living with their parents. The typical average is 28 percent. As young adults put off home ownership, the number of first-time home buyers continues to be constrained. The National Association of REALTORS® reported Monday that first-time home buyers accounted for 28 percent of home purchases in September -- down from 32 percent in September 2012. But when young adults do get off the sidelines, it could prove a big boost to home sales. “Assuming consistent population to household ratios and home ownership ratios, the 1.8 million individuals currently living at home would translate into an additional 590,000 households and roughly 200,000 additional home owners -- roughly a boost of about 4 percent to the projected level of sales in 2013,” according to NAR’s Economists’ Outlook blog. Source: “Did You Know: Pent Up Demand Among Young Adults Could Boost Home Sales by 200,000,” NAR Economists’ Outlook (Oct. 1, 2013) and “Employment Shows ‘Missing Households’ Still Weigh on Housing,” The Wall Street Journal (Oct. 22, 2013)

Why do I need to sign a buyer’s representation agreement?

July 1, 2012 agents are now required to have buyer representation in writing in the state of Virginia. Realtors must disclose which party represented in a transaction prior to showings. Without a clear understanding, many clients are hesitant to sign (perhaps you do not know the agent well enough to commit or think there is a fee for a buyer rep- there is not). I would recommend signing a limited agreement for a day to view 1 to 2 homes. If you are comfortable  with the agent after the initial meeting, then extend the agreement for the purpose of finding your home with that agent. If you sign the buyer's agency agreement, they will then represent you, and any information they have or can gather about the seller, will be shared with you. Your information will never be shared with the seller. The agent negotiates on your behalf, and represents you the best way they can. A good agent will provide all the pros and cons about a home. Since the agent views homes all the time, and presumably, you only buy a home once every 5 - 10 years, they will spot defects that you won't. For more information or to set up an appointment call Stuart at (703)765-0300.

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What are the homes like at Wilton Woods?

Wilton WoodsWilton Woods homes are elegant and welcoming with the ambiance of the 1940's and updates of the 2000's. Many homes showcase 2 car garage and spacious layouts. Conveniently located in Franconia shopping is minutes away. Kingstowne shopping center provides local restaurants and retail shopping. Ridge view Park is located in the center of the neighborhood providing peaceful walking trails. Commuting is quick and easy. Wilton Woods has routine shuttle bus service too Franconia Metro and is minutes away from the beltway.
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For more information or to set up an appointment call Stuart at (703)765-0300.

Contingencies in Real Estate Sales Contracts

Real estate contracts often have contingencies. A contingency is a clause in a contract that gives either the buyer or seller a way to get out of the contract if certain conditions or timelines aren't met. A contract could be contingent on anything a buyer and seller agree to, but there are a few very common contingencies. Typical contingencies are:
  • financing
  • sale of home
  • home inspection
  • appraisal
Generally, a contingency only last for a period of time and the contingency expires. After a contingency expires, either the contract expires or the contingency expires depending upon the terms of the sales agreement.contract For example, Mary needs to needs to sell her present home before being able to get financing on a new condo she wants to buy. So Mary makes her offer contingent upon the sale of her existing home. If Mary is able to sell her home sold within that time period specified by the contingency, she can go forward with her purchase of the new condo. But if she fails to sell within the specified time period, the condo seller has the option of getting out of the deal. Whenever possible, seller's prefer offers that don't have contingencies. This is because sellers usually believe that they can find another buyer capable making a purchase without contingencies. However, in today's market, sellers are more willing to accept contingencies than they have been in years. So contingencies, like appraisal and home inspection, are quite common and meet with little resistance from sellers. The exact terms of a contingency, like everything else in a real estate contract, are negotiable. As your agent I can help guide you to make sure your contract has the right contingencies. For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.

October 2013 Photo Album

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Live Near the Potomac in a Single-Family Home

If you want to live in close proximity to the Potomac River and the George Washington Parkway, it's tough to beat Villamay. Homes here are larger, mostly brick and they are sited on lots that are generally in excess of 15,000 sqft. Many of these homes, particularly those on Park Terrace have excellent views of the Potomac, overlooking the Parkway and beyond to Maryland.
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walking at the Potomac
Julie Nesbitt near the Potomac River
For more information or to set up an appointment call Julie at (703)765-0300.

7 Things a Homebuyer Should Know About Alexandria VA

  1. Alexandria is an independent city.  Alexandria is not part of any county and the city government performs the functions of the county government.
    The George Washington Masonic Memorial at night
    The George Washington Masonic Memorial at night
  2. Many homes with an Alexandria address are not in Alexandria at all. A large number of homes with Alexandria addresses are found in Southern Fairfax County.
  3. Alexandria is a historical city with roots reaching back to the colonial era.  Many historical figures (like George Washington and Robert E. Lee) lived, worked and played in Alexandria.
  4. The Alexandria area is broadly divided into the following areas: Old Town, Del Ray, West End, Arlandria, Seminary Hill and Mount Vernon.
  5. Alexandria VA is served by the Yellow and Blue Lines of the Metro and by Amtrak and the Virginia Railway Express.
  6. Depending on whether the home is inside or outside the City of Alexandria, Alexandria homes are served by either the Alexandria City public schools or the Fairfax County public school system.
  7. Nesbitt Realty is a family-operated brokerage serving Alexandria and Northern VA.

Latest Listings in Alexandria

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How Can I Get Around Northern Virginia Without a Car?

1. Metro is great for getting to various metro stations in Washington DC, Northern Virginia, and Maryland. Many people use the metro to commute into DC daily. 2. Bus routes offer transportation to highly trafficked areas that might not be covered by the metro. Buses come more frequently in the morning and are usually on an hourly schedule in the evenings. 3. Train useful for longer distance travel to different parts of Virginia as well as different parts of the United States. 4. Plane Ronald Reagan National Airport is a transportation hub for many people in Northern Virginia flying out to different parts of the world. 5. Scooter fuel efficient, easy to find parking for, minimal paperwork involved, and fun to ride. 6. Bicycle green, healthy, and in some ways cheaper then the other modes of transportation listed above. Many neighborhoods in Arlington and Alexandria are bicycle friendly. 7. Walking green, healthy, and free. 8. Boat good for fishing, relaxing on the Potomac River after leaving a marina, or just taking the Potomac Riverboat to a Nationals game. 9. Taxi can be expensive, but great for going out to explore nightlife.

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Alexandria’s Fire Boat

charthouse
The Charthouse is at waterfront in Old Town Alexandria.

The story of Alexandria, especially Old Town, is rich in seafaring traditions. Alexandria is not really a great seaport anymore but yet and still many seagoing vessels---including pleasure boats, cruise liners, transport ships, tour ships and ships of war---ply the waters of the Potomac River and some of these vessels dock at the Alexandria Waterfront. Additionally, when the weather warms it is not uncommon to find thousands of residents and visitors can be found along the waterfront.
Alexandria waterfront
The dock at Old Town Alexandria VA
Because Alexandria has citizens and mariners in harms way, the the City of Alexandria Fire Department has developed the Marine Operations Team. to assist in the protection of citizens and mariners who use the various waterways in and adjacent to the city either for business or recreation. The City of Alexandria Marine Operations Team consists of 24 members and a Team Leader (Battalion Chief) trained and training as Marine Firefighters, Swift Water Rescue Technicians, Lifeguards, Boat Operators and Crewmembers. Shown below is the Fireboat 201 Vigilant---a Class 'C' fireboat equipped with a 1500 gpm PTO pump and a full compliment of equipment as required by NFPA 1925. The Vigilant is a swift vessel capable of speeds greater than 40 knots. When needed, paramedics are deployed aboard Vigilant to give the vessel an Advanced Life Support capability.
Alexandria Fire Boat
Alexandria Fire Boat
The city also deploys two Zodiac all-weather inflatables are used by the Marine Operations Team to gain rapid access to persons in distress in the marine environment. They can also be utilized to assist members of the Hazardous Materials in deploying booms. Alexandria and other regional swift water rescue teams operate regardless of the environment or jurisdictional boundary.

For Sale in Old Town

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For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.