Insurance is usually the last thing people worry about when they are buying a new home. According to the Insurance Information Institute, that’s a mistake, because it will be an expense a buyer will have as long as they own the property.
Here are some key issues that the institute urges every buyer to consider:
- What is the condition of the plumbing and electrical systems? Older and poorly maintained systems cost more to insure.
- How far is the home from the fire department? A location close to the station usually means lower insurance costs.
- Does the property meet current building codes? Up-to-date properties are safer and also cheaper to insure.
- What about wind damage? If insurance against windstorms is required, is private insurance available or will the buyer have to rely on a state-run program? If there a windstorm deductible, how high is it?
- Is the home vulnerable to flooding? Floods aren’t covered under a standard homeowner policy, although most major insurers will provide it through the National Flood Insurance program. How much the insurance costs depends on where the property is. More information is available at FloodSmart.gov.
- Is there earthquake risk? Earthquake insurance requires an endorsement or a separate policy.
What exactly Does a Realtor Do?
Law requires realtors to:
- Perform certain mandatory and standard acts to help out with the purchase or sale of real estate.
- Properly account for the money or alternative property placed in her or his attention.
- Disclose untoward material facts that are, or should be, inside the broker’s knowledge.
Sellers can be assisted by Realtors in screening prospective buyers and preparing their homes. Realtors can demonstrate to investors the properties that meet their risk profiles and long-term investment strategies.
Nesbitt Realty can quickly locate the perfect home for you. Our agents can efficiently organize and coordinate meetings with sellers and potential buyers. A Nesbitt Realty Realtor is well acquainted with all the important things you’ll want to learn about the area you may be considering:
- the quality of schools,
- association fees,
- Metro availability,
- community amenities such as shops, parks and restaurants.
Our brokers have immediate use of homes when they are put on the market, saving you hours of wasted drive-around time. When you’re prepared to make an offer on a house, our Realtor will help structure the deal to help you save money. She or he will clarify the pros and cons of different types of mortgages and guide you through the piles of paperwork.
These neighborhoods have that special mixture of luxurious homes with a desirable location. Many of these neighborhoods are served by the area's best public schools.
- Arcturus -- Along the Potomac River near George Washington Parkway
- Arlington Ridge -- Overlooking the capital's river valley
- Belle Haven -- An established neighborhood of distinctive homes
- Chesterbrook -- Elegant homes on quiet streets in Mclean
- Clifton -- A place to find your micro-mansion
- Great Falls --- Impressive residences with large lots
- Langley -- Great schools, quiet neigbhoods
- Rivercrest -- Stately homes on the Arlingwood bluff
- Seminary Hill -- Impressive homes on large lots close to town
- Yacht Haven -- Boater's paradise on the Potomac
There is a certain charm to a historic neighborhood that you cannot find elsewhere. Many of these neighborhoods date to the colonial era.
- City of Fairfax -- Old Town Fairfax has some of the oldest buildings in Northern Virginia
- Downtown Falls Church -- One of the oldest settlements in Northern Virginia
- Fort Hunt -- Fort Hunt Park is at the center of this community
- Lyon Village -- One of the areas first real estate developments
- Manassas -- Only the site of two major battles in the US Civil War
- Occoquan -- Overlooking the Potomac River
- Old Town Alexandria -- Colonial architecture is standard fare
- Mount Vernon -- George Washington's hometown
- Woodlawn -- Home to several historic structures
It's fun to live close to shops and restaurants.
- Aurora Hieghts --- Near the Pentagon at the center of the region
- Ballston --- Ballston Common Mall is at the center of this community
- Clarendon --- Market Common Clarendon has many shops and restaurants
- Fair Lakes -- Home of the Fair Oaks Mall and many nearby restaurants
- Old Town --Well-known for boutiques, shops and restaurants
- Pentagon City -- The Fashion Center at Pentagon City is a multi-level indoor mall surrounded by shops and restaurtants
- Springfield -- Springfield Mall is being renovated and replaced by a brand new shopping center
- Reston -- Reston Town Center is one of many shopping attractions here.
- Tysons Corner -- Home to Tysons Corner Mall and the upscale Tysons II Galleria
Are you looking for a home or condo near a metro station? Use our site to find properties close to Metro stations.