Prompt Return of Earnest Money

What follows is an email I recently received and my response.
Good evening Mr. Nesbitt, I placed an offer on a condo in December 30, 2008. I signed the contract on that day and gave a cashier's check to the seller's real estate agent in the amount of $750. I waited for the signed contract from the seller to come back to me, but a lot of time lapsed and a signed contract from the seller never came. I decided to pull out. On January 23, my agent sent in a statement, letting the seller know that I was pulling out and that I wanted my earnest money back. Several weeks later, the real estate agent said I had to sign a termination form to receive my earnest money. That was sent in on February 10, 2009. I still have not received my earnest money back. The seller's agent said they are waiting on the assets manager to release the funds. I have decided to take the agency to small claims court. I do not feel that best interest is being considered. Please give me some advice. Thanks.
Firstly and mostly, let me start off by saying that real estate agents and brokers are not attorneys. I do not practice law and it is not my business to give you legal advice of any kind. However, I do have some experience in these type of matters and will comment as best as I can. Based upon your letter, I am assuming that you made an offer on a piece of property and you paid $750 in earnest money to the selling agent. The offer was not accepted but the selling agent has not promptly released your funds. I would recommend that you call the selling broker---not the selling agent. Brokers and the Commonwealth of Virginia take very serious the trust given us as escrow agents. The broker (not the agent) must release the money. Try to speak directly with the broker and explain what you have gone through. I am certain that the selling broker will act swiftly to return you money. If the broker does not respond with in a short but reasonable amount of time, the next level to contact would be the Northern Virginia Association of Realtors. If that doesn't give satisfaction, the Commonwealth of Virginia's DPOR should be your next contact. If you are owed money, things will proceed quickly at this point. But you probably want to consult an attorney to verify that my advice will suit your specific case. Will Nesbitt  

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

What a landlord can expect from a property manager

If you are a landlord, then you need a company you can trust to handle your operational responsibilities. Nesbitt Realty and Condo Alexandria have the experience you want in your property manager. Will has been a landlord for over 20 years and is a full service broker trained in property management. Nesbitt Realty and Condo Alexandria offers full service management for condos, townhouses and single family residential properties. Condo Alexandria is dedicated to maximizing your profits without sacrificing on service. Here's some of what we do for you:

Lease Administration

Our brokerage 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 servicing your rental accounts, staying on top of your cash flow.

Rate Analysis

Nesbitt Realty and Condo Alexandria will analyze the market and find the rental rates that will make you the most money.

Building Maintenance

Condo Alexandria and Nesbitt Realty keeps your properties in top operating order.

Marketing

Our strategy is designed to keep your occupancy and tenant retention rates at maximum efficiency.

Vendor Negotiations

We only deal with reputable handymen, landscapers, appliance repairmen and service people. We'll negotiate you best deal and keep your rental operating smoothly. For more information or to set up an appointment call Stuart at (703)765-0300.

Foxy’s Big Adventure

Fetch Fetch is a pet store in Old Town Alexandria that sells gourmet doggy-treats and other high quality gourmet goodies. I thought it would be fun to take my dog Foxy on a field trip to Fetch and the bakery that makes these gourmet doggie biscuits. Foxy at River Towers Foxy was eager to leave River Towers on her big adventure, even if she didn't know where she was going. Foxy in the car So we jumped in the car and took her around the corner to Old Town Alexandria VA. Foxy's Pit Stop Once we were in Old Town, Foxy decided to read the doggie-newspaper. One can learn a lot from a green patch on a brick-sidewalk. Foxy approaches Fetch Then it was off to Fetch and to see Marion. Marion and Foxy Foxy is Marion's adopted grandbaby. Marion always greets Foxy with a big hug and lots of kisses.Foxy loves the cookies at Fetch, but she was soon distracted ... she saw trouble coming. Foxy and Magnum Yep. Trouble at least that's what Foxy calls that adorable Jack Russell Terrier named Magnum. Magnum wanted to play, but Foxy didn't like sharing Marion's attention. Foxy's not on the man-hunt and had no interest in Magnum. Xanadu Bakery So we left town and headed to Beltsville, where they bake the Zanadu cookies sold in Fetch and Chateau Animaux. Painting at Xanadu The art work at the bakery was wonderful, but Foxy wanted to see where the action took place. cookie cutters at Xanadu She toured the bakery and found that everything is human grade, made with great loving care. Here's the cookie cutter. Foxy working She grabbed a green tea and cookie and they put her to work, bagging and labelling cookies.
Over the years, Doolittle's Chateau-Animaux has been featured in numerous articles, radio and television broadcasts, both national and international, including: USA Today, Pet Product News, Pet Business, Dog World (Japan), Washingtonian, Washington Business Journal, WASHINGTON spaces, Sam Donaldson's "Live in America" (ABC radio), Washington, D.C. Style, The Vicki Gabereau Show (Canadian Television Network), The Hill Rag, Voice of the Hill, Roll Call, The Hill, The Washington Times, The Washington Post, The Washington Post Magazine, NBC Style: A Show for You (WBIR-TV 10, NBC, Knoxville, TN), It's Christopher Lowell (Discovery Channel), The Delta Shuttle Sheet, Pleasure-Scene, Budget Living, WTTR radio, CHAMPS' Capitol Hill Business Quarterly, CHAMPSdc.org, Barracks Row Bulletin, WFAA-TV, Dallas-Fort Worth, TX; KHOU-TV, Houston, TX; KING-TV, Seattle-Tacoma, WA; KTVK-TV, Phoenix, AZ; KMOV-TV, St. Louis, MO; KGW-TV, Portland, OR; WCNC-TV, Charlotte, NC; KENS-TV, San Antonio, TX; WVEC-TV, Hampton-Norfolk, VA; WWL-TV, New Orleans, LA; KASA-TV, Albuquerque,-Santa Fe, NM; WHAS-TV, Louisville, KY; KOTV, Tulsa, OK; KVUE-TV, Austin, TX; KREM-TV, Spokane, WA; KMSB-TV, Tucson, AZ; KTVB-TV, Boise, ID; NorthWest Cable News, Seattle-Tacoma, WA; TXCN, Texas Cable News Network; Newswatch on CH 15, New Orleans, LA; Local News on Cable, Norfolk, VA, and others.
Click here to view Chateau-Animaux Press Coverage
Chateau-Animaux regularly sponsors community events in Washington, DC, including weekly dog and cat adoptions with Capitol Cats, Homeward Trails, K-9 Lifesavers and the Washington Humane Society, "Pride of Pets" fundraiser for PETS-DC, the Washington Humane Society's "Bark Ball", and the annual Halloween dog costume contest -- "Howl-O-Ween!"  Dennis Bourgault has served as President of the Capitol Hill Association of Merchants and Professionals, and the Boards of the Capitol Hill Community Foundation, the Capitol Hill Business Improvement District and Barracks Row Main Street.   For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.  

Tips for Home Sellers

When it's time to sell your house, townhouse or condo here are a few simple tips for realtors and home sellers alike.

Turn on your heart light.

Turn on the excitement by turning on all your lights - both inside and outside. Whether you are showing your home in the evening or in the day, lights add color and warmth. Prospective owners feel welcome in spaces that are bright and airy.home buyers dreaming of a home

Don't crowd your buyers.

Potential buyers often feel like intruders when they enter your home. Rather than giving  your house the attention it deserves, prospects are likely to hurry through. When the  homeowners are present people often feel uncomfortable looking in closets and laundry rooms an other private areas. Additionally, rooms filled with people give the impression that the space is small.

I love pets ... but not your pet.

Dogs and cats are great companions, but not when you're showing your home. Pets have a talent for getting underfoot. Some prospects are allergic to some animals. Sadly, many people love their pets, but they don't like your pet. It's in your best interest to keep the animals outside or out of the way of potential buyers.

Don't create distractions

Rock-and-roll will never die. But it might kill a real estate transaction. Most of us love music, but not all of us love your music. When it's time to show your home, it's time to turn down the music. Turn off your TV because the last thing you want is for one of your buyers to watch the game while his wife falls in love with your house.

Give a wide berth.

A smiling seller is a welcome site, but a pesky seller will chase a home buyer away. It's important to be friendly but avoid being conversational. Anything you say could be construed to imply a warranty or could cost you thousands in negotiations.

Put things in perspective.

Some buyers will point out shortcomings or flaws in the property. It's best not to respond orally to these challenges. Utterances like these are seldom personal in this context. So, never take offense. Understand that these statements might be an indication of the buyer's ignorance, but sometimes the buyer attempting to frame negotiations with these statements. To engage the comment is to agree with the premise of the utterance. For more information or to set up an appointment call Julie at (703)765-0300.  

The Benefits and Disadvantages of Condos

This article is reprinted by permission from CondoBenefits.com

Advantages

  1. Condos on average are more affordable then other types of housing.
  2. Maintenance of the exterior of the building will be take care of.
  3. The peace of mind living next to neighbors if help is needed.
  4. Condos can be located in major cities surrounded by restaurants, night clubs, and local bars.
  5. Many condos offer a pool, gym, and basketball/tennis court for those who are active.
*Bonus* Condos are often located in high rise building making for spectacular views.

Disadvantages

  1. 1. There are condo rules by the condo corporation that would have to be followed.
  2. Condos can have additional fees such as corporation fees.
  3. Only your interior walls inward are own by you (depending on which type of condo you own.)
  4. You will have to share the pool, gym, and basketball/tennis courts will your other neighbors.

Self Search of Real Estate in Northern Virginia

To search properties on your own, please select the city or county closest to your destination and the type of property you seek. If you have questions, we're here to help. Click here if you'd prefer for us to do the search.

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A little about Belle Haven Marina

Belle Haven Marina
Docks at Belle Haven Marina on the Potomac River
Belle Haven Marina is found on the George Washington Parkway just south of historic Old Town Alexandria. Belle Haven Marina is owned by the National Park Service and operated by Belle Haven Marina Inc. The Belle Haven Marina is a short walk from River Towers, Belle View and New Alexandria. Rowboats, canoes, kayaks and sail boats are available for rent. Sign-up for sailing lessons and your package will include a limited number of free hours of sailing. The Marina has a short pier and the George Washington Parkway has many points to fish the Potomac River. Many anglers rent or own boats which ply more serene and secluded spots nearby.

From the marina, one can see the Woodrow Wilson Bridge.

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

What is a condo?

A condominium is real estate with certain specific properties. Although there are various types of condominiums, the most common legal arrangements involve individual ownership of each unit, with joint ownership of the communal or common areas by all of the residents in the building. Condominium developments can be commercial or residential. In the case of residential property, a condo can be composed of one or more a high-rise buildings, garden-style buildings, townhouses and---in special causes--even consist of individual houses. While some condominiums are located in large multi-unit buildings, others may be detached form each other and be located in a gated or planned community. Some condominiums may be located in resort or vacation destinations. Most usually, a condominium is a housing unit or apartment in a multi-unit building in which each unit is individually owned, with common areas and the property in general jointly owned by the residents and the owners of the building, or all of the residents together. So the structures that make up a condominium complex are divided into living units, which are each owned by individuals. Jointly, these unit owners all have an interest in the rights and duties of the common areas, such as the parking lot, lobby, roof, etc.

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

Why choose a condo?

Watergate at Landmark
Watergate at Landmark
People choose condominium life for a number of reasons. Some condos are less expensive than a traditional single-family house. Additionally, many condos have added amenities and facilities which an individual cannot afford on his own. Most condominiums have amenities you won't find on a similarly priced single family residence. For example, a typical condo has (at minimum) a pool, a work-out room, and party room. A similarly priced house would not enjoy these amenities. Another benefit of condo living is that owners share in the burden of maintenance and lawn care. This means that some of the exterior maintenance and lawn care is provided by the condo association and the expense of that care is part of your monthly condo fee. Many older condos have utilities included in the price of the condo fee. In new condos it is more typical to share the cost of water, but individually pay for other utilities. Condo life in some ways is simpler for active lifestyles. Many condo owners choose condo life because they love life and they don't want to be bogged down with maintaining a lawn or cleaning gutters. A condo owner can walk out the back door and enjoy a dip in the pool while the other guy is spending time writing checks to pay his utilities.

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

What is the MLS?

Most people have heard of the MLS, but many are unclear as to exactly what it is. MLS stands for Multiple Listing Service.
MLS
The MLS is a database of homes listed for sale.
The Multiple Listing Service is probably your best tool as a home buyer and your best friend as a home seller. But what exactly is the MLS?

The MLS is a database.

In the old days MLS databasing was done on filing cards and notebooks. Today that information is aggregated on computers. MLS data includes information about what properties are for sale and certain details about those properties such as condo amenities, number of bedrooms, garage parking. Almost everything you'd want to know about a given property is cataloged on the MLS. Much of that information is public, such as the selling price and the address. Some of that information is private, or reserved for those who have professional access to the MLS. For example, real estate agents know which properties are vacant. The general public doesn't need to know this information as sharing that information might pose a risk to some property owners. Yes, the MLS is a database, but it is also something more.

The MLS is a marketplace.

The collection of information on the MLS serves as the primary repository of details about real estate for sale or rent. MLS data is the foundation for most websites, and it is the primary reference point for most real estate professionals. As properties are contracted and sold, the data is constantly updated. Today, most agents and websites have data that is practically up to the minute. The MLS is not free, but it's free to you the consumer. Agents and brokers pay fees for access to MLS data and to fees to maintain and improve the system. Professionals like me make that data available to the public for the purpose of helping buyers and sellers connect.

The MLS is a tool.

Like all tools, the MLS gives the best results when wielded by a professional. (More on this below.)

The MLS is for sellers.

Home sellers want access to the maximum number of buyers, in the most cost effective manner. When compared to the expense of newspaper, radio or other ads, the MLS is incredibly targeted and very affordable. The professionals who use this data will only bring qualified buyers shopping for property in your price range. It doesn't get better than that. When a seller chooses a real estate agent with MLS access, the seller's sales force is equal to the number of agents who are using the MLS. The larger pool of prospective buyers the greater the chance that the property will sell quickly and for a fair market value.

The MLS is for buyers.

The MLS makes home shopping extremely convenient. MLS data does not cost the buyers a dime. Thanks to the internet and sites like NesbittRealty.com you can search MLS listings 24 hours a day 7 days a week. Many consumers find that a "self-search" through the MLS is a good starting point for finding the right home.

A real estate agent is for you.

In the old days consumers needed an agent to help them look through the data. These days its easy for the public to access most of the data available. So, you can do it yourself. But if you try to find a home on your own or you try to sell without an agent, you'll quickly discover why most people choose to employ a professional. It's true: you could probably cut your own hair, change your oil filter and fill your own cavities. But why would you? These days the problem isn't that the data is hard to find. The data is often up to the minute. These days, the problem is that there is too much data. Buyers are overwhelmed with choices. Sellers are drowned out by the noise of available information. That's one reason why when it's time to get serious about buying or selling, a real estate professional can help guide you through the process.

Most agents know the tricks and secrets of the MLS.

As an agent, I have access to more complicated tools and search processes not available to the consumer. I work with the MLS every single day. The MLS is one of the most important tools in my toolbox. Once you have an idea of what you want to accomplish, I can employ the MLS in ways that you haven't imagined.

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

Ramsay House

 
Ramsay House
The Ramsay House in early Spring
Scottish Merchant William Ramsay's built his now famous house in 1724. Many believe that the house was constructed in Dumfries but nearly 15 years later the structure was barged up the Potomac River to its present location on King St. in Old Town Alexandria. One reason for this belief is that the building was built in 1724, but Alexandria was established in 1749. William Ramsay was Alexandria's first postmaster and the city founder. His residence was opened as a Visitors Center in 1956. Today, the Ramsay House offers much for visitors and residents of Alexandria. Stop by to view an orientation video, or to pick up maps and brochures. At the Ramsay House, one can make reservations, view foreign translations of materials. At the Ramsay House, one can purchase tickets for special events and for Mount Vernon. Seasonal walking tours, "Footsteps to the Past" depart from the Ramsay House. This so-called "ghost tour" guides visitors through Old Town telling the tales of ghosts and local hauntings. The tour treks through about 6 blocks of Old Town's most beautiful streets. This is a fun way to learn more about the history of Old Town Alexandria. Alexandria is a great place to work or live. Alexandria is home to numerous non-profits, associations, Motley Fool, the United States Patent Office and more. Old Town Alexandria is filled with shops and restaurants, a beautiful waterfront and has easy access by Metro or trolley. Whether your preference is historic or a bright shiny new condo, it's all here in Old Town.

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