Alexandria’s Best Real Estate Deal … EVER

Art Festival
Art Festival in Old Town
In 1669 John Alexander bought the land that became Old Town from an English ship captain. John Alexander paid the tidy sum of 6,000 pounds of tobacco. Almost twenty years later, the town of Alexandria was formally established in 1749. Today, visitors, tourists and travelers alike come to Alexandria VA to taste the quaint colonial and historical feel of this city not far from Washington DC. It's a place frequented by historical figures like George Washington and Robert E. Lee. Even for those like me, who were born in Fairfax and who have lived for many years in Alexandria, one never tires of the rich heritage of Alexandria. Maybe that's because there's always something to do in Alexandria. A bike ride or a stroll along the Potomac Waterfront is pleasant, or perhaps a boat ride on the river. There are more than a hundred restaurants in Old Town
cherry blossom
Cherry Blossom sternwheeler
alone. Standard favorites such as seafood, steak or Italian are here, as well as ethnic cuisine from around the world. For a taste of the colonial try Gadsby's Tavern, where George ate. Alexandria is easily accessed by Metro and free trolley. The King St. trolley passes antiques shops, art galleries, boutiques and shops.  Take a walking tour of Alexandria, or visit the Ramsay House to get a feel of Old Town. With the new US Patent & Trademark Office, Alexandria's proximity to the Pentagon and DC and it's easy access to Fort Belvoir and Bowling AFB, every day more people discover why this is such a great place to live and work. I work, play and live in and around Alexandria VA. I'd love to help you find a place but doubt I can top the deal that John Alexander got when he paid 6,000 pounds of tobacco for his homestead. Today, that much tobacco might set you back $9000!
Patent & Trademark Office
USPTO in Autumn
The good news is that 6,000 pounds of tobacco will cover your closing costs for most condos in Alexandria!

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

Alexandria’s DASH — riding tips and information about the public bus system

DASH (Driving Alexandrians Safely Home) buses are seen around, across and near the city of Alexandria, Virginia. The City of Alexandria wholly owns the DASH bus system and operates the system as a non-profit public service cooperation. But day to day management of the system is provided by Alexandria Transit Company. DASH bus in the Winter If you're new to the area, you'll soon find out what others already know.  The DASH buses are a clean, safe and effective way to get about the city.  Boarding the bus is simple and easy. When the bus arrives, just step into the bus and then deposit the exact fare or use your WMATA SmarTrip card.If you have any questions about routes or transfers ask the driver and then take a seat. On some of the most popular routes or during rush hours, there might not be any available seats. In that case just move as far to the rear of the bus as possible. This makes it easier for others to board easily. Be aware that the bus driver doesn't always stop at all bus stops! To signal to the driver that your stop is approaching, press the yellow signal strip or pull the bell cord. It's best to do this about a block from your destination so the driver has timely notice to stop at the next bus stop. When exiting the bus the rear door is easiest because others may be waiting to board through the front door. DASH has great service because it has great employees but also because area passengers observe a few simple rules of safety and courtesy:
  • There is no smoking, eating, or drinking allowed on the bus.
  • Radios, I-pods and other devices may only be used if they cannot be heard by others
  • There are a limited number of priority seats that are reserved for senior citizens and disable persons. You may sit in these seats, but riders are expected to volunteer that seat if the seat is needed by a senior citizen or disabled person. If the bus is full, riders are expected to volunteer seats as needed.
  • All passengers keep feet off passengers' seats.
To maintain the high level of quality offered by DASH, drivers may refuse service to anyone who does not observe these rules or to anyone whose behavior is disruptive or hazardous to vehicle or passenger safety. For more information or to set up an appointment call Stuart at (703)765-0300.

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Property Management 101

Property management is a business in and of itself. If you want to invest in real estate, but you don't want to be a property manager, the solution is really quite simple: employ the services of Nesbitt Realty. Our property managers are experienced individuals who will manage the day-to-day operations of your property. We manage residential properties, multi-family properties and even homeowners and condo associations.
property managment
Amin & Will in Lowes
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 upon the needs and wishes of the property owner. Nesbitt Realty Property Management also handles commercial properties such as office buildings, freeing the owners from the day to day responsibilities. Additionally, a competent Nesbitt Realty property manager gives you protection from certain liabilities.
Julie
Crunch-time processing rents!
Nesbitt Realty usually charges a percentage of the rents collected. Every aspect of Nesbitt Realty property manager's responsibilities will be outlined in a contract signed by both Nesbitt Realty and the landlord. This agreement details financial responsibilities and specifies the types of financial reports the landlord can expect. Your Nesbitt Realty property manager will stay current on new laws and condo regulations which may be relevant to your situation. Nesbitt Realty Property Management takes a lot of the burden off of owning rental real estate. Most Nesbitt Realty property managers are themselves landlords. They know your needs. Nesbitt Realty usually charges a percentage of the rents collected. Most landlords find that our fees are lower than other property management firms in Northern Virginia. Every aspect of Nesbitt Realty property manager’s responsibilities is outlined in a contract signed by both Nesbitt Realty and the landlord. Our property management agreement is written by the Northern Virginia Association of Realtors staff attorneys.  This standardized agreement details financial responsibilities and specifies the types of financial reports the landlord can expect.

Our promise to you

Your Nesbitt Realty property manager remains abreast of new laws and condo regulations which may be relevant to your situation. Nesbitt Realty Property Management takes a lot of the burden off of owning rental real estate. Call us at (703)765-0300 to discuss matters further. [Learn more about commitment to excellence in property management now.] Contact Nesbitt Realty today to start searching for your ideal property.  
Julie and Will Nesbitt pause from property management to take a quick picture.
Julie and Will Nesbitt pause from property management to take a quick picture.
For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.

Hallmark condo association information

If  you have any questions about condo documents, insurance or maintenance, please contact the office below:

Hallmark Condominiums

200 N. Pickett St. Alexandria, VA, 22304 703-751-0777 If you would like to buy a condo, give us a call at Condo Alexandria. For more information or to set up an appointment call Julie at (703)765-0300.  

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Brighton Courts Condo Association Information

Brighton Courts

serving condo owners, sellers and buyers in Northern VA
Nothern Virginia Condo Experts
3899 Brighton Ct. Alexandria, VA, 22305 If you have questions about condo documents, insurance or maintenance, contact the office above. If you would like to purchase a condo, give us a call at Condo Alexandria.

The Potomac River

Washington Monument
Creative Commons License photo credit: CrimsonMage
The Potomac River is located on the east coast of the United States, and runs through Maryland, Virginia, West Virginia, and Washington, D.C. before it empties into the Chesapeake Bay. It is over 380 miles long and wider than 11 miles at its widest point. As it passes through Washington DC, the nation's capital, the Potomac passes the Washington Monument and the memorials of Jefferson, and Lincoln. Many consider the Potomac to be one of the most beautiful and bountiful rivers on the East Coast. The river is also widely regard its historic, scenic and recreational significance. Among the many who loved the Potomac was George Washington, who worked as a surveyor at many points along the banks of the river. George Washington's mansion at Mount Vernon is on the Potomac.
Mount Vernon, George Washington's estate on the Potomac
The Potomac's source is a small spring at the Fairfax Stone in West Virginia. From there, the river gathers many tributaries, winding through the mountains and valleys of Appalachia. One of its most dramatic turns occurs at Harper's Ferry where the Shenandoah meets the Potomac.

Harpers Ferry

At Great Falls, the Potomac tumbles down from the Appalachian Highlands to the sandy soils of the Atlantic Coastal Plain.  Visitors from the colonial era to the modern era relish the views here. Today visitors at Great Falls will not only marvel at the cataracts, but also the engineering efforts of those who sought to fulfill George Washington's dream of connecting the Chesapeake Bay to the Ohio River. The C & O Canal was only operational for a few short years, but remnants of the system are still functional at Great Falls Park.

Great Falls

Finally, the river flows almost 400 miles widening to over 11 miles as it reaches the Chesapeake Bay on the long, low, and barren peninsula named Point Lookout, Maryland.  Before the US Civil War, Point Lookout was home to a few hotels and boarding houses, but during the war it was converted into one of the largest and worst of the Union prisoner-of-war camps.

Point Lookout Postcard

Fishers, anglers, boaters, sailors and kayakers all enjoy the Potomac.

The Potomac River has a watershed of 14,670 square miles including tributaries in Maryland (the Monocacy, Savage, and St. Mary's Rivers); in Virginia (the Shenandoah and Occoquan Rivers); in West Virginia (the South Branch and Cacapon Rivers); in Pennsylvania (Conococheague and Antietam Creeks); and in Washington DC (the Anacostia River). The Potomac cradles forests, battlefields, farmlands, mountains, parks, and cities. It is known to many as our Nation's River.Potomac at Arlington

If you're searching for a home or condo in Northern Virginia with a view of the Potomac, contact Will Nesbitt with Condo Alexandria.

Changes to Agency Law in the Commonwealth of Virginia

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Nesbitt Realty is licensed in Virginia.
Virginia replaced the common law of agency with legislation that governs agency relationships in Virginia. The principal broker is responsible to ensure compliance with Virginia agency obligations, including keeping records of specified agency disclosures and following various duties owed to clients and customers. However, both the principal broker and any salesperson or associate broker may be disciplined for violating Virginia Agency Law. A Virginia agency relationship begins when a client engages a licensee. An agency terminates when the parties complete the objectives of the representation, or mutually agree to terminate the relationship. The relationship may also terminate where a party defaults or the client refuses to consent to a disclosed dual representation. Virginia licensees may provide brokerage services as a Standard Agent, an Independent Contractor, or a Limited Service Representative. Brokers may establish a limited service agency with clients only by so stating in the brokerage agreement, and obtaining the client's written consent. If the brokerage agreement does not explicitly identify the licensee as a limited service representative, the limited service representative will be presumed to be acting as an independent contractor of the client. The limited service representative must disclose the following in the brokerage agreement:
Will Nesbitt
Will Nesbitt
  • That the licensee is acting as a limited service representative.
  • A list of the specific services that the licensee will provide to the client.
  • A list of the specific duties required of a standard agent that the limited service representative will NOT provide to the client.
Nesbitt Realty is generally a full-service brokerage but we can act in a limited-service capacity by request. These initial disclosures must be conspicuous and printed either in bold lettering or all capitals, and must be underlined or in a separate box. The Virginia Legistlature suggests the following language to include with these initial disclosures:
BY ENTERING INTO THIS BROKERAGE AGREEMENT, THE UNDERSIGNED DO HEREBY ACKNOWLEDGE THEIR INFORMED CONSENT TO THE LIMITED SERVICE REPRESENTATION BY THE LICENSEE AND DO FURTHER ACKNOWLEDGE THAT NEITHER THE OTHER PARTY TO THE TRANSACTION NOR ANY REAL ESTATE LICENSEE REPRESENTING THE OTHER PARTY IS UNDER ANY LEGAL OBLIGATION TO ASSIST THE UNDERSIGNED WITH THE PERFORMANCE OF ANY DUTIES AND RESPONSIBILITIES OF THE UNDERSIGNED NOT PERFORMED BY THE LIM­ITED SERVICE REPRESENTATIVE.
Virginia Law imposes specific obligations and duties on all standard agents with regard to: sellers, landlords, and tenants that standard agents represent in the sale or rental of property (seller clients and landlord/tenant clients); prospective buyers of property listed with a standard agent that the standard agent does not represent (buyer customer); and buyers that standard agents do represent in the location and purchase of property (buyer clients). Read more about Nesbitt Realty's services and commitments to

What is the Purpose of Condominium Documents?

Entrance to Wooster Mercer
The Wooster Mercer Lofts are located in Rosslyn in Arlington County Virginia
As with any home purchase, location, size and price are important.  With a condominium you'll also want to understand the ownership scheme.  This type of information is found in the "condo docs" or condominium documents. Most states, and the Commonwealth of Virginia, require condo doc disclosure before any purchase contract is finalized. The condo docs will contain detailed information on the ownership and property rights of the condo and its owners. The rules of the homeowners association are generally explained in the condo docs in plain English and not in legal jargon. It's important to read the condo documents to understand the annual maintenance and upkeep fees, as well as to obtain a full understanding of exactly how much control the association has over the regulation of the property. Condominiums can be found all over the country, with more being developed each year. Condominiums are quite common in Northern Virginia and the National Capitol area. Some condos are new construction and a few are apartment buildings that were rental apartments before making the switch. In newly constructed condos, it's common to find a sales office onsite at the condominium.
Farrington Condos at Huntington
The outside of the building during summer

Virginia ranks among states with highest credit scores.

Credit scores from online mortgage shoppers have risen four points since 2011, averaging 734, according to a study by MortgageMarvel.com, which analyzed nearly half a million online mortgage applicants.
Will and Julie Nesbitt
Will and Julie Nesbitt of Nesbitt Realty.
Some states are averaging even higher credit scores, particularly among those states known for having high household earnings. The following are the states with the highest median credit scores among mortgage applicants, according to Mortgage Marvel.com:
  1. California: 774
  2. Hawaii: 771 / Oregon: 771
  3. Wisconsin: 766
  4. Connecticut: 765
  5. Delaware: 764
  6. Washington: 764
  7. Colorado: 763
  8. Rhode Island: 763
  9. New Hampshire: 762 / Virginia: 762
  10. Maryland: 761
The states with the lowest median credit score among mortgage applicants are Arkansas (691) and Mississippi (698), according to MortgageMarvel.com. Source: “Link Between Credit and Mortgages: Not What You Think,” CNBC (Jan. 24, 2013)

Take a Look at the Parade of Lights in Old Town Alexandria Virginia

On the evening of December 1st 2012 Old Town Alexandria hosted the annual boat parade of lights. The event featured several pleasure boats decked out in festive lights making rounds in the Potomac. Just past the Torpedo Factory, Old Town features a strip right on the water similar to a board walk; this area attracts street performers, locals, tourists, amongst others. As seen in the photos below the strip provides a great view of the water, the distant Woodrow Wilson Bridge, and National Harbor. Old Town Alexandria features a robust night life. Along King Street there are several restaurants which also serve as bars in the later hours. Union Street intersects King Street and serves as a pick up stop for the free trolley. Old Town Alexandria is serviced by the King Street metro station.