These questions will help you decide whether you’re ready for a home in Fairfax County that’s larger or in a more desirable location. If you answer yes to most of the questions, you may be ready to move.
Have you built substantial equity in your current home?
Check your annual mortgage statement or call your lender to find out how much you’ve paid down. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest. But if you’ve owned your home in Fairfax County for five or more years, you may have significant, unrealized gains.
Has your income or financial situation changed?
If you’re making more money, you may be able to afford higher mortgage payments in Fairfax County and cover the costs of moving. If your income has decreased, you may want to consider downsizing.
Have you outgrown your neighborhood?
The neighborhood you pick for your first home in Fairfax County might not be the same one in which you want to settle down for good. You may have realized that you’d like to be closer to your job or live in a better school district.
Are there reasons why you can’t remodel or add on?
Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home in Fairfax County may be your best option.
Are you comfortable moving in the current housing market?
If your market is hot, your home may sell quickly and for top dollar, but the home you buy will also be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home in Fairfax County. Consult Nesbitt Realty agents to ask what they see happening locally.
Are interest rates attractive?
Low rates help you buy “more” home, and also make it easier to find a buyer for your current place in Fairfax County.
Is the effort and cost of maintaining your current home becoming difficult to manage?
Nesbitt Realty can help you decide whether a smaller house, condo or rental would be appropriate.
Properties in
Selling your house can be a stressful and daunting experience especially when it comes to house viewing by potential buyers. In Alexandria buyers are always on the hunt for a comfortable living space that will suit their needs and their budget. When selling in Alexandria your home no longer becomes a private space, it now begins a public space and homeowners need to ensure all the areas in their homes are in tip-top shape for the home viewing. One such area/room is the bathroom.
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A recent survey of 1000 homeowners conducted by SOLD.com shows that more than half—58%—of homeowners who recently sold a home in Arlington spent less than three hours researching the method and professional they chose to sell their home.
Have you ever asked yourself if you are ready for a change in your house? I'm going to ask you a couple of questions and if you answered yes to the majority of the questions, it may be time for you to move whether it's due to a larger house area or a more desirable location. Either way, Living in the Alexandria area is quite flexible due to the flexible neighborhood.
