What are the steps of buying a home?

It's a waste of time and energy to look at homes that are outside of the budget, so prequalification is the first step for any home buyer. If you choose to work with Nesbitt Realty here are many of the steps that we'll be taking on the road to home ownership.
Julie Nesbitt
Julie Nesbitt is an Accredited Buyer's Agent and Top Producing agent.  Put her experience to work for you.
  1. Tour properties --- We'll take a top level tour of some of the properties that are in your budget. This gives the client something concrete and real to think about so that you can decide whether this home ownership thing is for you or not. It also gives us a chance to see which properties most interest you so that we can rely upon our experience to identify communities and properties you may have overlooked.
  2. Revisiting --- We'll revisit those communities that hold the greatest interest and look at everything available in those communities.
    • A few more choices --- If none of these really feel right, we'll find a few more to consider and continue with the search.
  3. Make an offer --- When we've found the property that stirs the soul, fits the budget and feels right, your agent will prepare an offer. At that time we'll collect earnest money.
    • The earnest money is evidence that the seller is serious about the purchase and is held in escrow until the sale is completed. We'll submit a preapproval letter, a copy of the earnest money deposit and the signed offer for the seller to consider.
  4. Negotiations --- Sometimes there is a difference between the asking price and the selling price. The selling price is determined by negotiation. We'll pass drafts of the contract back and forth until the buyer and seller have agreed on all terms.
  5. Loan processing --- Your loan officer will then collect additional documentation from the you and from your agent. This documentation will serve the purpose of proving the representations made in the loan application process. The buyer will produce pay stubs, bank statements etc. The loan office and agent will also order an appraisal as required by all lenders.
  6. Settlement --- Settlement is the word used to describe the actual transfer of ownership. We'll settle on the property in a timely fashion on an agreed upon date. Settlement will occur at a title company's office and a settlement agent will ensure that funds are present as is marketable title.
  7. Ownership --- Here's where the fun begins ... as does the responsibility of home ownership.

Real Estate for:

What are buyers seeking?

According to a new realtor.com® survey of more than 1,000 home shoppers, the typical spring home buyer this year is on the hunt for a three-bedroom, two-bathroom house with a garage and updated kitchen. Forty-four percent of respondents say they want a three-bedroom home, and 93 percent say they want a home with at least two bathrooms. But the garage is becoming increasingly important to home shoppers, too, with 27 percent rating it as one of the most important home features, even above an updated kitchen (24 percent) and open floor plan (20 percent). Talk to Nesbitt Realty to learn more about the market in {Location_Name}.  

Why buy a home?

According to a new realtor.com® survey of more than 1,000 home shoppers, increasing rental costs are pushing more young adults toward homeownership, with 23 percent of buyers between the ages of 18 and 34 reporting rising rents as a trigger for their recent home purchase. “Although record-low inventory and high prices make this housing market unique, some classic features still top most shoppers’ wish lists,” says Danielle Hale, chief economist for realtor.com®. “At the same time, we found some clear differences in priorities. For instance, older buyers are concerned with privacy and being able to age comfortably, while millennials place more emphasis on family needs, stability, and personal expression.”  

At Nesbitt Realty, We Are Always Available When You Need Us.

Nesbitt Realty & Property Management manages rental homes, townhouses, and condos for landlordsin {Location_Name}. Nesbitt Realty is a family-run business that strives for excellence in our field. Our goal is to strictly administer the lease while adhering to the Virginia Residential Landlord Tenant Act. We avoid "judgement calls" as much as possible, and we prefer to act in accordance with the lease, law, and regulations. Our services are available throughout most of Northern Virginia and we have offices scattered across the area.  We capably manage single-family homes, townhouses, and condominiums. Learn About Property Management Basics Now! Our real estate professionals love to assist you in achieving your real estate objectives because they care about their clients.  

Finding the perfect fit in {Location_Name}

Rental hunting may be viewed as a frustrating and daunting task. Finding the perfect property that suits both your lifestyle needs and budget may be difficult. The sheer number and variety of choices may be overwhelming, especially for first time renters. There are, however, three basic steps to narrowing down your choices. Step One: Set a realistic budget and stick to it. Step Two: Discuss your needs and requirements with an agent who will then be able to locate and research suitable properties. Be clear about what you are looking for. Does the property need to be near a metro? Do you have pets? Do you want to be in a particular neighborhood? These are all aspects of your lifestyle and needs that your agent needs to know if they are to locate the perfect property for you. Step Three: Allow your agent to help you make comparisons and advise you on which properties in {Location_Name} best suit your needs. A Rental Agent costs the renter nothing, and his/her guidance is invaluable when it comes to locating a property that works for you.   Learn more about Rental Agents.

703 765 0300

 

Julie Nesbitt

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Julie Nesbitt is an ABR who has served buyers in some of Alexandria’s most exclusive neighborhoods.  She is a top producing agent who has listed and sold property in Northern Virginia. In addition to helping folks buy, sell and rent property in Northern Virginia, Julie is the primary administrator of the property management services performed by Nesbitt Realty and Condo Alexandria. Call Julie at (703)765-0300.