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Condominiums In Alexandria

5500 HOLMES RUN PKWY, Unit 1420, Alexandria VA, 22304 Alexandria has gained a lot of improvement in the past years that we started to see high-rise buildings and condominiums starting to pop out everywhere. Some of us might not be fully aware of what a condominium is and how it is different with other forms of shelter. A condominium is a housing unit that is found in a large building. This large building is divided into smaller spaces which are often called condominium units. These condominium units are owned by individuals who purchase a unit in a specific condominium. Continue reading

7 Reasons To Work With Nesbitt Realty In Fairfax County

The team at the Nesbitt Realty in Fairfax County aren’t just real estate agents. They’re professional and subscribe to the strict code of ethics of National Association of Realtors. Given below are the reasons why should home buyers in Fairfax County consult and work with Nesbitt Realty.

Ethical Treatment

Every agent at Nesbitt Realty in Fairfax County must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a client of Nesbitt Realty, you can expect honest and ethical treatment in all transaction-related matters. The first obligation is to you, the client.

An Expert Guide

Buying a home in Fairfax County usually requires dozens of forms, reports, disclosures, and other technical documents. The knowledgeable experts at Nesbitt Realty will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.

Objective Information And Opinions

Nesbitt Realty can provide local information on utilities, zoning, schools, and more in Fairfax County. They also have objective information about each property. Nesbitt Realty can use that data to help you determine if a certain property in Fairfax County has what you need. By understanding both your needs and search area, they can also point out neighborhoods you don’t know much about but that might suit your needs better than you’d thought.

Expanded Search Power

Sometimes properties are available but not actively advertised. Nesbitt Realty can help you find opportunities in Fairfax County not listed on home search sites and can help you avoid out-of-date listings that might be showing up as available online but are no longer on the market.

Negotiation Knowledge

There are many factors up for discussion in a deal. Nesbitt Realty will look at every angle from your perspective, including crafting a purchase agreement that allows enough time for you to complete inspections and investigations of the property in Fairfax County before you are bound to complete the purchase.

Up-To-Date Experience

Most people buy only a few homes in Fairfax County in their lifetime, usually with quite a few years in between each purchase. Even if you’ve done it before, laws and regulations change. Nesbitt Realty handles hundreds of transactions over the course of their career.

Your Rock During Emotional Moments

Your home in Fairfax County is so much more than four walls and a roof. And for most people, the property represents the biggest purchase they’ll ever make. Having a concerned, but objective third party like Nesbitt Realty helps you stay focused on the issues most important to you.

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10 Tips for Successful Real Estate Property Investment

after eating Primo's
after eating Primo's
Just because real estate prices seem to have hit a temporary ceiling in many countries around the world, that doesn’t mean that profits from property investments are hard to come by. Even during a real estate market slowdown, stagnation or depression profits can be made locally and overseas. This article shows you the top ten tips that real estate investors apply to their property portfolio building strategy to ensure success from their investments. Continue reading

Understanding Agency Relationships

It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transaction. Ask what type of agency relationship your agent has with you: Seller's representative (also known as a listing agent or seller's agent) A seller's agent is hired by and represents the seller. All fiduciary duties are owed to the seller. The agency relationship usually is created by a listing contract. Buyer's representative (also known as a buyer’s agent) A buyer’s agent is hired by prospective buyers to represent them in a real estate transaction. The buyer's rep works in the buyer's best interest throughout the transaction and owes fiduciary duties to the buyer. The buyer can pay the licensee directly through a negotiated fee, or the buyer's rep may be paid by the seller or through a commission split with the seller’s agent. Subagent A subagent owes the same fiduciary duties to the agent's customer as the agent does. Subagency usually arises when a cooperating sales associate from another brokerage, who is not the buyer’s agent, shows property to a buyer. In such a case, the subagent works with the buyer as a customer but owes fiduciary duties to the listing broker and the seller. Although a subagent cannot assist the buyer in any way that would be detrimental to the seller, a buyer-customer can expect to be treated honestly by the subagent. It is important that subagents fully explain their duties to buyers. Disclosed dual agent Dual agency is a relationship in which the brokerage firm represents both the buyer and the seller in the same real estate transaction. Dual agency relationships do not carry with them all of the traditional fiduciary duties to clients. Instead, dual agents owe limited fiduciary duties. Because of the potential for conflicts of interest in a dual-agency relationship, it's vital that all parties give their informed consent. In many states, this consent must be in writing. Disclosed dual agency, in which both the buyer and the seller are told that the agent is representing both of them, is legal in most states. Designated agent (also called appointed agent) This is a brokerage practice that allows the managing broker to designate which licensees in the brokerage will act as an agent of the seller and which will act as an agent of the buyer. Designated agency avoids the problem of creating a dual-agency relationship for licensees at the brokerage. The designated agents give their clients full representation, with all of the attendant fiduciary duties. The broker still has the responsibility of supervising both groups of licensees. Nonagency relationship (called, among other things, a transaction broker or facilitator) Some states permit a real estate licensee to have a type of nonagency relationship with a consumer. These relationships vary considerably from state to state, both as to the duties owed to the consumer and the name used to describe them. Very generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of an agency relationship.

Featured Home For Sale in Alexandria VA

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Are you buying a house or a home?

Oakton condos interior
Inside the Oakton condos in Fairfax County VA
When I'm talking to clients about real estate, I find that the biggest difference between a house and a home---or a condo and a home---is that a home is where you live or where you will live. A house (or condo) is where the other guy lives. When a potential client refers to a property as a home, there is a good chance that the client is considering buying the property. When a client refers to his own home as a home, he indicates an emotional attachment to the property that may make it hard to think rationally when considering all factors regarding the sale of this marketable commodity. If you think of your home as a house or just a condo, then you're already emotionally ready to move on to the next place. For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.

3 Reasons to Sell Now

Selling a property in this tough market can seem like a challenge. Here are rhee factors that actually make this a good time to post a For-Sale sign.
home on the hill
Home on the hill at Belle Haven
  • Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape.
  • Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business.
  • The best time to sell is when you need to sell. The worst time to sell is when you're trying to guess a market.
Nesbitt Realty is a family-run brokerage. We appreciate every client and we'd love to help you achieve your real estate goals. Get in touch with us today to learn more about what we can do for you in {Location_Name} or to get a free assessment of your property's value. Nesbitt Realty has received numerous awards and recognitions for client satisfaction because we get results that make our clients happy. We'd love the opportunity to show you about why our clients rave about our service.   For more information or to set up an appointment call Julie at (703)765-0300.