5 Factors That Decide Your Credit Score

Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score: 1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.Credit Cards photo credit: Andres Rueda photo credit: Andres Rueda 2. How much you owe. If youowe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it’s a good thing if you have a good proportion of balances to total credit limits. 3. The length of your credit history. In general, the longer you have had accounts opened, the better. The average consumer's oldest obligation is 14 years old, indicating that he or she has been managing credit for some time, according to Fair Isaac Corp., and only one in 20 consumers have credit histories shorter than 2 years. 4. How much new credit you have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay them promptly. 5. The types of credit you use. Generally, it’s desirable to have more than one type of credit — installment loans, credit cards, and a mortgage, for example. For more on evaluating and understanding your credit score, visit www.myfico.com.

Properties in Braddock District

**Open House Thursday 3/28 5-7pm ** Saturday 12-4pm ** Sunday 1-3PM** Welcome to your new home! This beautifully updated rambler is move in ready.

7714 Elgar St

With over 0.3 acres inside the beltway, this private lot and home features an abundance of updates throughout. As you enter the home, the fully renovated kitchen will wow you with the oversized island, stainless steel appliances, beverage fridge, and many cabinets, several of which include built in lighting. The 2022 kitchen remodel included the process of removing the original fireplace in the main living area and opening up the space to include a large dining area. As you continue to walk through the home, the light filled living room provides a perfect space to overlook the large, private and fully fenced backyard. To the side of the living room is a space that would be a great office or could be used as an additional bedroom. The family room, to the side of the kitchen, is cozy and a great area to curl up and relax in. The 3 bedrooms at 7714 Elgar are tucked away at the other side of the home, providing some serenity and space to escape. The additional room that is adjoining the bedrooms provides an opportune flex space for additional storage, office or a space to create a walk in closet. Additional upgrades at 7714 Elgar Street include a new roof (2019), dual HVAC systems (2021), bathrooms (2021/2), electrical replaced (2016), patio (2020). Don't miss out on this amazing opportunity! [North Springfield - $650,000]

You clients will fall in love with this well-maintained home in in a wonderful neighborhood.

8126 Briar Creek Dr

Conveniently located minutes to all commuter roads 495, 395, 66, and 50! Short drive to Dun Loring metro or the Mosaic District with plenty of options for food and entertainment. Home features 5 well sized bedrooms and 3.5 bathrooms. Laundry is both upstairs and down. Downstairs living room with bar and fireplace great for entertaining. Good sized lot with plenty of trees and bushes. Extra storage rooms in the basement and large patio. Seller prefers as is clause and no repairs. Expected on Market Date 3/28. Open House scheduled for Saturday 3/30 from 1-3pm. [Chapel Square - $839,900]

Beautifully renovated two level Townhouse Condo with large fenced rear yard and shed.

8111 Kingsway Ct #262

Highly Desirable West Springfield. Brand new kitchen with granite and new appliances, also new washer dryer updated HVAC system brand new fully renovated bath. Brand new flooring throughout, fresh paint throughout whole house. Lots of Natural Light on main level. Large Sliding glass doors look out on to patio area that is fully fenced and private, also includes large storage shed Wonderful Community with easy access to commuter routes and shopping and restaurants and Recreation facilities. Act fast because this one won't last very long. [Cardinal Forest - $349,900]

Welcome to 4304 Argonne Dr.

4304 Argonne Dr

, a charming home with great potential in Fairfax. This as-is property boasts good bones and is fully liveable, offering the perfect canvas for your personal touch and creative vision. The home features hardwood floors on the main and upper levels. The spacious backyard provides ample space for relaxing and entertaining. Conveniently located in Rutherford and in the Woodson pyramid, this property offers easy access to Rutherford Park, Rutherford Area Swim Club, downtown Fairfax and 495. With a little TLC, this home has the potential to shine as a comfortable and inviting space for its new owners. OFFERS DUE MONDAY, APRIL 1 AT 12 NOON. [Rutherford - $715,000]

*Open Houses: 4-6 PM Thursday, March 28, 4-6 PM Friday, March 29, 1-3 PM Saturday, March 30, 1-4 PM Sunday, March 31* Lovely Lake Braddock colonial in a private cul-de-sac … the promise of this home is everything! Beautifully landscaped appeal from curb welcomes one into this 5 bedroom 2.

5208 Wenlock Way

5 bath 3 level home with attached garage! The rooms in the main level are wonderfully multi-functional so you can have your formal living and dining rooms or convert the space to your home office because you know you will want to use the eat-in kitchen and family room and above all that delightful, bright and airy sunroom to truly relax and share meals and entertain! From this space the eye is further drawn to that charming back yard for more al fresco dining and fun to enjoy the verdant and wooded view soon to explode with spring time colors and blooms! The upper level with five bedrooms and 2 full baths provide comfortable space for all and once again multi-functional rooms to work or study as well. Head on down to the brand new finished space in the lower level, with brand new walls and luxury vinyl tiled flooring for movie viewing or cardio/strength training or good old fashioned fun and relaxation. No shortage of space for storage in this level as well. Located in the Lake Braddock community which has tons of amenities, a private 27-acre lake exclusive to residents, fishing and boating, pools, playgrounds, soccer field, walking trails, tennis, and pickleball courts. Very convenient to the VRE Express train and bus service to and from Washington DC and Pentagon and will have direct access to Braddock Road, Little River Turnpike, I-495, I-395, I-95. This home has been well loved and is so full of wonderful memories … time to make it yours and make your own! [Lake Braddock - $835,000]

**OPEN HOUSE THURSDAY 3/28 4-6PM, FRIDAY 3/29 4-6PM & SATURDAY 3/30 FROM 12-2PM- JUST STOP BY!!** Welcome!! Step into this inviting home that features 5 bedrooms, 2.

5524 Eastbourne Dr

5 bathrooms, fully updated with luxurious flooring and exquisite finishes throughout. The main level boasts a spacious family room, a versatile office/bedroom with large walk-in closet, half bathroom, utility room, and a brand new professionally designed kitchen with Alan & Roth soft-close cabinets, upgraded quartz countertops, new Samsung stainless steel appliances, recessed lighting, and a full counter to cabinet backsplash! Step outside onto the covered patio - perfect for family gatherings, or simply to enjoy the beautiful weather. Upstairs, discover the primary suite with an abundance of natural lighting, and a fully remodeled primary bathroom featuring Alan & Roth double sink vanity, quartz countertops, and large walk-in shower. Three additional great size bedrooms, fully renovated hallway bathroom, and an additional living room/family room that leads to a large back patio & private yard. This home comes with numerous upgrades including a new roof, gutters with covers, energy-efficient windows, sliding patio doors with built-in blinds, a new front door with entry lock deadbolt, and all new interior doors. Enjoy the newly refinished hardwood floors, LVP flooring on the first level, and all new renovated bathrooms. Additional highlights include new ceiling fans, interior light fixtures, DECORA switches and receptacles, fresh paint, and a newly sodded backyard and side area. Located in Springfield, this home offers a convenient & quiet location with access to a variety of amenities, including shopping centers, dining options, and recreational facilities. Easy Pedestrian Access to Elementary and Secondary Schools, and Close to Rolling Road VRE, Metrobus Stop with Service Direct to Pentagon, Close to I-495, Braddock Road, FFX Parkway - A Commuters Dream!! Don’t miss out on this beautiful home! [Kings Park - $849,900]

Welcome home to the Cardinal Forest Community! This lovely first level 2 bed 1 bath unit has amazing contemporary upgrades and so many custom-built ins.

5900-L Queenston St #L-503

Upon entry you'll see a cozy living space open to the kitchen and dining area. The kitchen is equipped with newer stainless steel appliances and beautiful customized countertops as well as customized cabinets, shelving, and pull out pantry. The kitchen/dining area also offers a rolling kitchen island, customized solid wood built in breakfast nook, and gorgeous built in wine rack! New 2022 Stacked washer and dryer are in the generously sized walk-in closet! The unit has a newer HVAC and Water Heater. The community is very pet friendly, and you will have your own private walk out patio leading into the courtyard with a peaceful wooded view. One assigned parking spaces conveys(#503) and plenty of unassigned guest parking as well. So much is included in the monthly condo fee: gas, water, sewer, trash, snow removal, building maintenance, 2 Community Pools, 2 saunas, Tennis Courts, Basketball Courts, party room and storage available to rent, and 4 playgrounds! Convenient location here with dining and shopping close by, grocery store and other retail available! Ideal location for commuting- I-395, I-95, I-495. If you like the outdoors, Fairfax County Parkway is close in proximity and there’s even a path to Lake Accotink! Gorgeous neighborhood and community, you don’t want to miss this opportunity! [Cardinal Forest - $330,000]

Property conveys AS-IS.

4645 Holly Ave

Great investment opportunities! Property situated on a private 1acre lot & backing to trees. This 3 BR/3BA home is ready for you! 2 finished levels & 1842 sq ft of living space. Huge yard & shed. Surrounded by new customer homes, this home can be expanded as well to make it your dream home. Property conveniently located near the Fairfax County Government Center, Fair Oaks Mall, Costco, Lowes, Walmart, Wegmans, Fairfax Corner, & more. [Glen Alden - $879,000]

Large 1348 SQFT Condo, with elevator access and private garage! Near commuter routes.

11506 Sperrin Cir #80

Two living areas each with its own gas fireplace. Eat in table space. Both sliding glass door off the dining area and single door entry from the living room to the balcony. Family room off the kitchen. Kitchen with stainless steel appliance and a pantry for ample storage. Primary bedroom with walk in closet. Luxury bath has tons of storage. All closets have custom organizers to maximize space. Storage units available for rent in building. Garage entry near elevator for easy access up to the unit. Must see!! Tenant occupied. Tenant would like to stay if investor buyer agrees. Occupancy date: May 15th, 2024, maybe sooner if current tenant finds a place to move to. [Courts At Wescott Ridge - $462,500]

*Open Houses: 1-3 PM Saturday, March 30.

4001 Taylor Dr

* A must see New Build Luxury Home by Palladium Homes Featuring 6 Rooms and 5 full baths! An amazing gourmet kitchen with Thor appliances.. Beautiful quartz countertops with island sink and main apron sink make food prep a breeze. A butlers pantry with a built in wine cooler adds additional counter space for drink and cocktails. Enjoy breakfast in the natural light from the morning room or relax near the gas fireplace in the 2 story great room. Main level offers a room with full bathroom, perfect for guests, parents, or au pair. Beautiful hardwood floors, a separate dining room , office, powder room and mudroom with builtin storage completes the main level. Take the stairs to the upper level as you pass the beautiful chandelier, pause and look out from the mezzanine down to the great room or continue on to the Spacious Primary Suite featuring shadowboxing accents, Coffered ceiling, sitting area and a wall of windows. Huge Primary Bathroom with dual sink vanity, roomy shower, and free standing tub. Capacious walk-in closets conceals a private "hidden" room perfect for an office, work-out, or hobby space. Upper level touts 3 additional rooms, 3 full bathrooms, and a convenient laundry room. You'll find a theater room prewired for 11 speakers in the lower level, 2 more bedrooms, 1 full bath, and walk-out access. This Amazing Luxury home also features High speed internet wired rooms, 2 zone heating and cooling Carrier HVAC systems. Main level and lower level one zone, upper level 2nd zone. Gas heating, Fiberglass front door, PVC outside trim, 25 yr shingles, LT Smart Siding, Covered Porch, Stone Walkway, Storm drain system, and more. [Lee Meadows - $1,849,888]

You’ve been prequalified … what now?

I met with a first-time buyer over the weekend. She was prequalified by her lender. Prequalifying helped frame her choices. 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. Here are the steps that we'll be taking on the road to home ownership.3D Realty Handshake
  1. Tour properties --- We took a top level tour of some of the properties that are in her budget. This gives the client something concrete and real to think about so that she can decide whether this home ownership thing is for her or not. In addition to the units we saw, I can think of a number of places that would also fall within this client's budget and still offer a very reasonable commute to Ft. Belvoir. But I wanted to get her impressions of these places before going on a bit deeper.
  2. Revisiting --- We'll revisit those communities that hold the greatest interest and look at everything available in those communities.  (So far we just did a top level search.)
    • 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, I'll write up an offer. At that time I'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 --- Julie at Condominium Mortgage will then collect documentation from the client. 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. Julie 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.

Properties in Fort Hunt

8815 Linton Ln

Welcome to 8815 Linton Lane! This 4 bedroom split-level home features 2 full bathrooms on the upper level and a full bathroom on the lower level. On the main level you will find a spacious kitchen that flows nicely to the dining and living rooms. There is a fully finished family room on the lower level along with the laundry/utility room. The home has recently upgraded systems, as the HVAC and Hot Water Heater were replaced in 2021. The home is convenient to the GW Parkway, Fort Belvoir, INOVA Mt. Vernon Hospital, COSTCO, and only minutes from historic Fort Hunt Park and Old Town Alexandria. [Fort Hunt Estates - $825,000]

8620 W Boulevard Dr

WATER VIEW! Beautiful, Unique All Brick 4,566 SF Mansion with View of the Potomac. Spacious 5 bedroom plus Den, Huge Kitchen with Stainless Steel Appliances, 6 full baths, 5 Car Garage, Extra Kitchen + Suite home in Alexandria area. Minutes away from Fort Belvoir, US Coast Guard Base, Metro, Coffee Shops, Restaurants, as well as Old Town Alexandria. Very easy commute to Washington DC and Pentagon via scenic George Washington Parkway. About 15 miles to Pentagon or Bolling AFB. Rare Corner Half Acre lot with Huge Backyard and Direct View/Access to the Potomac River and GW Parkland Trail. No better Location for DC & Ft Belvoir! Must See! -- [Waynewood - $1,850,000]

7815 Evening Ln

Welcome to 7815 Evening Lane, a meticulously kept traditional home situated in the highly desirable Hollin Brook Park subdivision of Alexandria. This 5 bedroom, 2.5 bathroom center hall colonial harmoniously juxtaposes traditional charm and modern amenities. The current owners have thoughtfully updated the home by creating a large kitchen with oversized quartz island, professional grade Wolf range, built-in microwave, Scotsman ice machine, undercounter beverage refrigerator, double wall oven, wet bar and bonus custom kitchen window that opens to the back yard with outdoor quartz countertop for seamless indoor/outdoor entertaining. The main floor includes a large storage room with slat wall panels for easy organization, an oversized pantry area with extra full-sized refrigerator and full-sized freezer, laundry room with LG high-efficiency W/D, utility sink and folding area, a meticulously organized tool/utility space, nicely updated powder room with hall closet, and a main living room with built-in ceiling speakers and projector with screen that conveys. The dining area has French doors that lead to the private back patio with Discovery playset and Weber gas grill. The second level has 5 bedrooms and 2 full bathrooms with new light fixtures/fans. The second hall bath has been fully updated by the current owners and the primary en suite bathroom has also received upgrades. The oversized primary bedroom boasts vaulted ceilings and its own private deck overlooking the backyard. The fifth bedroom on the second floor, formerly the office of President Ford’s press secretary, also has its own brand new trex balcony with exterior spiral staircase. This staircase was briefly used for the dissemination of Presidential correspondence and is currently enjoyed by the owners as separate access to the rear yard. Hollin Brook Park is a small subdivision in close proximity to Old Town, DC, the GW Parkway, the Pentagon and in walking distance to the local library and weekly farmers’ market. The neighborhood boasts an active community and all-around family friendly environment. The subdivision is quiet, with no pass-through streets, and backs up to the serene Paul Spring Branch. [Hollin Brook Park - $1,150,000]

1500 Collingwood Rd

Welcome to Collingwood Chateau - 1500 Collingwood Road – where luxury meets lifestyle! Prepare to be enchanted by this exceptional estate, a seamless blend of opulence and versatility. Picture yourself in the main house, a sprawling 7,500+ sq ft haven, connected flawlessly to an attached guesthouse, all nestled within a private 1.13-acre oasis (2 lots combined). The thoughtfully designed guest house offers over 2,200 square feet of living space, perfect for your extended family & friends. Your very own outdoor sanctuary awaits – a stunning pool, an inviting patio with an outdoor kitchen, oversized shed, and meticulously landscaped grounds create the perfect backdrop for relaxation and entertainment. This isn't just a home; it's a canvas for your unique lifestyle. Collingwood Château, located in sought-after Waynewood Elementary, was originally built in 1995 but underwent major renovations in 2010/ 2011. Most recently the sellers have painted the entire interior of the home, replastered the pool, added hardwood floors throughout the upper level, new exterior lighting, soft cleaned the stucco exterior, all HVACs (4 zone) were replaced within the last 6 years, roof on the main house was replaced 8 years ago. The gourmet kitchen is a chef's dream, and the state-of-the-art home/media theater is your personal escape into entertainment bliss. Privacy is paramount, with the entire property encased in privacy walls + a gated entry. With two bundled lots, oversized 2 car garage, and parking space for over a dozen vehicles, this residence is not just a property; it's a statement. As you enter the home, the grand foyer welcomes you with an impressive 20-foot ceiling. The main level offers the option of formal or informal living and dining rooms, an office, the convenience of potential space for a future elevator, three fireplaces for cozy ambiance, and leads you upstairs where you will find the luxurious primary suite with two walk-in closets, a dressing room and kitchenette. If you are a cook and dream of hosting holidays or enjoy entertaining guests this kitchen will exceed your expectations. The kitchen offers 3 sinks, two refrigerators (36 and 42 inch), 2 wall ovens, a 200 bottle wine cooler, 2 dishwashers and 2 dishwashing drawers, a warming drawer, an ice maker, a beverage fridge, a 42 inch double oven gas range with 6 burners and a griddle, an electric cook top, and wall oven. This home is designed for versatility and the expansive recreation room located above the garage is no exception. The room offers incredibly views of the home's entry and the space provides multiple options as a room for an in-home businesses, playroom, gym, craft room and beyond. Connected yet thoughtfully independent, the guest house offers a separate entry with direct access to the outdoor patio/pool and garage. This wing of the home includes its own laundry room, ample storage spaces, two bedrooms, two full bathrooms, a complete kitchen, and two distinct living spaces—offering a harmonious blend of connection and privacy. Seller Financing is available at a below market interest rate!! Rate dependent on buyer qualifications. Don't miss the Matterport Tour, Floorplan and video. [Collingwood - $2,900,000]

8905 Camfield Dr

March 2024 UPDATES at this lovely Fort Hunt neighborhood home:: NEW stainless steel GAS STOVE, NEW stainless steel BUILT-IN MICROWAVE OVEN, NEW stainless steel REFRIGERATOR, NEW designer FIXTURES, NEW designer LIGHTS, FRESH PAINTING, UPDATED BATHROOMS. Oversized bay windows in the living room & kitchen to soak in the sun all day making it a happy and healthy home. All freshly painted even in closets, wood floor refinished on two levels, updated bathrooms. Ensuite bath in the Primary bedroom. Lower level: Perfect for in-law-suite or guest areas, office/library has built in wall units, movie night, kid's rainy day play space, for a live-in au pair, man/woman cave with its own private entrance/exit. Sunroom addition leads to the brick patio & to the pool area. Fabulous for cooking & entertaining in the fully fenced in private lot. Yes, the pool(deep end is 5 feet) is inviting for sure. Calling all dog lovers..Fort Hunt Park neighborhood back-trail/path is just a few houses away, George Washington Parkway/bike path/walking trail 3 blocks, Mount Vernon Estate is down the road in this all Single Family home community with no HOA. [Potomac Valley - $899,000]

1501 Shenandoah Rd

Here’s your opportunity to own one of the most prominent, turnkey 3 level, custom modern farmhouse homes in Hollin Hall on a beautiful .24 acre corner lot. The current sellers have added $50,000 in thoughtful upgrades - including reinforced basement waterproofing and drain system, upgraded landscaping, custom Shade Store window treatments, custom bench cushions, Ring security cameras, ADT security system, garage floor epoxy finish, fully fenced yard, and stained decking and fence. In 2019, this home underwent a near complete tear down and rebuild to present this like new custom build. The unique corner lot floor plan showcases 4 sides of direct natural sunlight, keeping this home bright and airy all day long. The first floor features 9’ ceilings, wide plank hand scraped hardwood floors, an expansive chefs kitchen with island seating for 6. It opens up to a vaulted ceiling family room with gas fireplace and half bath. Home chefs will appreciate the stainless steel appliances - commercial grade 36” Bertazzoni Gas Range with 6 burners, Bertazzoni refrigerator and dishwasher, microwave drawer, mini wine fridge, along with 2 sizeable pantry closets. The separate formal dining room seats up to 10 comfortably (Host for the Holidays!). A main level bedroom with a full bathroom provides optionality for guests or home office space. The oversized mudroom off the garage includes washer & dryer, a laundry chute coming down from the owner's suite, built-in coat rack storage and outside deck access. The additional covered side deck has a gas line ready to connect your outdoor grill. Upstairs includes 5 bedrooms and 3 full bathrooms, 9’ ceilings, an expansive luxury owner's suite with vaulted ceiling, a custom built out walk-in closet and remote controlled window treatments. The attached bathroom includes a 7' x 4' shower, separate deep soaking tub, wide closet with shelving, and double sink vanity. Down the hall you have 4 bedrooms and 2 additional full bathrooms. The fully finished basement includes built in custom bench seating with custom made cushions and built in entertainment shelving. The basement utility closet can be used for a large storage space or converted into another full bathroom (framed out and plumbing access ready). The high ceiling garage comfortably fits 1 vehicle and leaves room for shelving and storage. The yard is fully fenced in with a wrap around deck for your outdoor enjoyment. This home was built for comfort by including 2 HVAC zones and tankless water heater with constant hot water. It comes complete with an ADT security system, Ring Camera system, and Verizon Fios fiber optic high speed internet. This residence is conveniently located in the wonderful community of Hollin Hall Village in the Fort Hunt Area. It is across the street from playgrounds, baseball fields and park for all to use. Walking distance to coffee shop & bakery, grocery store, pharmacy, restaurants, bank, clothing stores, hardware store, the famous Variety Store, and neighborhood pool Mount Vernon Park Association with 3 pools, 4+ acres of park area, private fishing pond, tennis courts, basketball courts, and volleyball. Just minutes from Old Town Alexandria, Belle Haven Country Club, Mount Vernon Estate, The picturesque Mount Vernon bike trail that runs from DC to Mount Vernon and easy commutes via the picturesque George Washington Parkway along the Potomac River to Downtown DC, The Pentagon, Fort Belvoir, Joint Base Anacostia Bolling, and Amazon HQ2. Located in the coveted Waynewood Elementary School district and available to move in immediately [Hollin Hall Village - $1,599,000]

2213 William and Mary Dr

ASSUMABLE VA LOAN offered at 2.25%, must qualify. ***Welcome Home to a Beautiful Spacious Fully Finished 3 Level Colonial on a Large Corner Lot in a Family-Friendly Neighborhood Located Within the Popular Stratford Landing Elementary School District with No HOA and just Minutes Away from GW Parkway, Parks, Scenic Bike/Walking Paths along the Potomac River, Metro, Shops, Restaurants, Grocery, Old Town, Mount Vernon, DC, National Airport, 495, 395, and more.*** ***New Upgrades Throughout the House!!*** Main Floor and Basement Renovation 2021-2023*** On the Lower Level, the Walk-out Basement (great Opportunity for Rental Income) in addition to the already existing Spacious 4th Bedroom and 3rd Full Bath, an Au Pair Suite with Attached new 4th Full Bath as well as Living/Dining Combo with a Kitchenette was Completed in Spring 2021. On the Main Level, a Bright Kitchen with Two Added Kitchen Pantries, Professionally Painted Cabinets, Stainless Steal Appliances, and Granite Countertops Opens to an Expansive Family Room with Crown Molding, a Cozy Woodburning Fireplace with Mantel and Screen surrounded by New Custom Made Built-Ins. A Sliding Door Leads to a Spacious L-Shaped Deck Great for Entertaining and Relaxing. Accessible From the Kitchen is also the Formal Dining Room with Chair Rail, Wainscoting, Crown Molding, and a New Chandelier that Opens to the Formal Living Room. The Living Room also has beautiful New Custom Built-ins and Crown Molding. Also on the Main Level, Created in 2021, a New Powder Room as well as a Laundry Room with a Front-Loading-Washer and Dryer as well as a Custom-Made Built-In Coat Rack. On the Upper-Level Located is a Light and Airy Primary Bedroom with a Ceiling Fan, Large Windows for Much Natural Sunlight, and an En-Suite Full Bath. Additional Upper-Level bedrooms are generous in size, and each has Ceiling Fans. The Large 2-car Garage with Access to the Attic has Plenty of Room for Storage or a Home Gym.*** Additional Improvements/Upgrades Include: Lifeproof Luxury Vinyl Plank Flooring on the Main and Lower Level. Recess Lighting on the Main Level. Custom Cordless Blinds Throughout the House. Second Parking Space in Front Driveway Added in Spring 2023. Basement Side Entrance Gravel Driveway added in Spring 2021. Home Exterior Painted in Fall 2023. Extensive Tree Work was Completed in the Fall of 2022 and 2023. HVAC Ductwork was Professionally Cleaned in Spring 2023. Current Owners have been Using and Highly Recommending TruGreen Lawn Care Service Since Spring 2023 Year-Round. The Contract is Easily Transferrable to the New Owner. ***Don't miss this Great Opportunity!!!*** [Hensley Estate - $925,000]

8416 W Boulevard Dr

Stately home on top of the hill in Waynewood elementary school district! This home has it all, picturesque bright family room with Palladian window and vaulted ceilings, open kitchen with island, peninsula and a dedicated breakfast area. 0.4 acre lot, fully fenced backyard with wood deck and paver patio for endless hosting and play possibilities. Expanded 2 car garage for car AND storage space, 6 bedrooms, 3.5 beautifully renovated bathrooms, over 3,600 SF on 2 levels! Winter water views! $75,000 lower level renovation, new HVAC, 100 gallon HWH, roof 2012, Pella windows 2014. [Collingwood On the Potomac - $1,199,000]

8602 Cushman Pl

Check out this home on Cushman Place in WAYNEWOOD! This home has been updated from top to bottom. Main living area with open concept, new kitchen with new cabinets, quartz countertops, new stainless appliances, recessed lighting, custom range hood, island with eat in space, and built in pantry. The backsplash in this kitchen looks great! Main level also included eat in and living space. Walk out from kitchen to spacious sunroom with separate ductless heat and air for year round enjoyment. Lower level is finished and large enough to be used as office space with full size laundry, utility sink, and recessed lights. Large living room with updated fireplace opens up to a large, fenced in back yard. Upper level boasts 3 bedrooms and two fully renovated baths with new lighting, vanities and tile. Out back you have a large brick patio to relax and enjoy. Come take a look!! [Waynewood - $925,000]

1114 Croton Dr

FULLY RENOVATED home in sought after WAYNEWOOD! Don't miss this one. This home has been updated from top to bottom. Main living area with open concept, new kitchen with new cabinets, quartz countertops, new stainless appliances, recessed lighting, custom range hood, island with eat in space, and built in pantry. Main level also included eat in and living space. Walk out from kitchen to spacious sunroom with separate ductless heat and air for year round enjoyment. Lower level is finished with full size laundry, utility sink, and recessed lights. Large living room with updated fireplace opens up to new deck, overlooking large and private back yard. Upper level boasts 3 bedrooms and two fully renovated baths with new lighting, vanities and tile. NEW WINDOWS, NEW GAS HOT WATER HEATER, NEW GAS FURNACE AND AIR CONDITIONING SYSTEM, NEW FLOORING. [Waynewood - $935,000]

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

How to Appeal Your Property Tax Bill

cottage and fence
Add a fence for privacy and distinction
Owning a home is an expensive proposition. There’s maintenance, landscaping, utilities, renovations, and, of course, taxes. It’s your civic duty to pay the latter, but it’s also your right not to yield a penny more than your fair share. It’s possible to trim your property tax bill by appealing the assessed value of your home. But making a case against your real estate assessment, the basis for your property tax bill, requires doing a bit of homework. Initial research can be done online or by phone over two or three days, but the process can stretch out for months if you’re forced to file a formal appeal. There are a few things to keep in mind as you weigh an appeal. The board can only lower your real estate assessment, not the rate at which you’re taxed. There’s also a chance, albeit slight, that your assessment could be raised, thus increasing your property taxes. A reduction in your assessment right before you put your house on the market could hurt the sale price. An easier route to savings might lie in determining if you qualify for property tax exemptions based on age, disability, military service, or other factors.

Read your assessment letter

A real estate assessment is conducted periodically by the local government to assign a value to your home for taxation purposes. An assessment isn’t the same as a private appraisal, and the assessed value of your home isn’t necessarily how much you could sell it for today. Real estate assessment letters are mailed to homeowners annually, or perhaps every two to three years, depending where you live. The letter will include some information about your property, such as lot size or a legal description, as well as the assessed value of your house and land. Additional details—number of bedrooms, for example, or date of construction—can often be found in the property listing on your local government’s website. Your property tax bill will usually be calculated by multiplying your home’s assessed value by the local tax rate, which can vary from town to town. If you think your home’s assessment is higher than it should be, challenge it immediately. The clock starts ticking as soon as the letter goes out. You generally have less than 30 days to respond, though the time frame varies not just between states, but within each state. Procedures are often outlined on the back of the letter.

Gather evidence

Start by making sure the assessment letter doesn’t contain any mistakes. Is the number of bathrooms accurate? Number of fireplaces? How about the size of the lot? There’s a big difference between “0.3 acres” and “3.0 acres.” If any facts are wrong, then you may have a quick and easy challenge on your hands. Next, research your home’s value. Ask a real estate agent to find three to five comparable properties—“comps” in real estate jargon—that have sold recently. Alternatively, check a website like Smarthomeprice.com to find approximate values of comparable properties. The key is identifying properties that are very similar to your own in terms of size, style, condition, and location. If you’re willing to shell out between $350 and $600, you can hire a private appraiser to do the heavy lifting. Once you identify comps, check the assessments on those properties. Most local governments maintain public databases. If yours doesn’t, seek help from an agent or ask neighbors to share tax information. If the assessments on your comps are lower, you can argue yours is too high. Even if the assessments are similar, if you can show that the “comparable” properties aren’t truly comparable, you may have a case for relief based on equity. Maybe your neighbor added an addition while you were still struggling to clean up storm damage. In that case, the properties are no longer equitable.

Present your case

Once you’re armed with your research, call your local assessor’s office. Most assessors are willing to discuss your assessment informally by phone. If not, or if you aren’t satisfied with the explanation, request a formal review. Pay attention to deadlines and procedures. There’s probably a form to fill out and specific instructions for supporting evidence. A typical review, which usually doesn’t require you to appear in person, can take anywhere from one to three months. Expect to receive a decision in writing. If the review is unsuccessful, you can usually appeal the decision to an independent board, with or without the help of a lawyer. You may have to pay a modest filing fee, perhaps $10 to $25. If you end up before an appeals board, your challenge could stretch as long as a year, especially in large jurisdictions that have a high number of appeals. But homeowners do triumph. According to Guy Griscom, Assistant Chief Appraiser of the Harris County (Texas) Central Appraisal District, of the 288,800 protests filed in his Houston-area district in 2008, about 58% received reduced assessments. How much effort you decide to put into a challenge depends on the stakes. The annual U.S. median property tax paid in 2008 was $1,897, or 0.96% of the median home value of $197,600. Lowering that assessed value by 15% would net savings of about $285.   This article provides general information about tax laws and consequences, but is not intended to be relied upon by readers as tax or legal advice applicable to particular transactions or circumstances. Readers should consult a tax professional for such advice, and are reminded that tax laws may vary by jurisdiction.  

How your ratios affect your home buying power.

Julie Nesbitt
Julie Nesbitt
Two ratios are calculated by mortgage lenders to determine a buyer's maximum loan amount:1) the front ratio and, 2) the back ratio. Front Ratio: The total mortgage payment including principal, interest, taxes and insurance (PITI) as well as any condominium or homeowner association fees divided by your total GROSS income. Traditionally, this ratio must be below 30% Example: With a gross income of $5000 per month, a total mortgage payment (PITI) of $1350, the front ratio would be 27%. Back Ratio: The total mortgage payment PLUS any car payments, credit card and any other loan payments including student loans divided by your total GROSS income. Traditionally this must be below 40%. Example: With a gross income of $5000 per month, a total mortgage payment of $1350, a car payment of $325, 1 credit card payment of $60 and 1 student loan payment of $150 for a total of $1885 with a back ratio of 38%. For more information or to set up an appointment call Julie at (703)765-0300. If you need help calculating your ratios, please contact Julie Nesbitt at 703 765 0300.
first-time buyer
Nesbitt Realty helps first-time home-buyers realize their home-buying dreams.

Why use a realtor?

Realtor pin
Realtor

All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS(r) are properly called REALTORS(r). They proudly display the REALTOR "(r)" logo on the business card or other marketing and sales literature. All agents and brokers at Condo Alexandria are Realtors. REALTORS(r) are committed to treat all parties to a transaction honestly. REALTORS(r) subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTOR(r) again.

Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR(r).

But if you're still not convinced of the value of a REALTOR(r), here are a dozen more reasons to use a Realtor from Condo Alexandria.

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

12 Ways a Realtor from Condo Alexandria Can Help You

Will Nesbitt
Will Nesbitt at Watergate at Landmark
1. Your Nesbitt Realty Realtor® can help you determine your buying power -- that is, your financial reserves plus your borrowing capacity. If you give a Nesbitt Realty Realtor® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders -- banks and mortgage companies -- offer limited choices. 2. Your Nesbitt Realty Realtor® has many resources to assist you in your home search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties. 3. Your Nesbitt Realty Realtor® can assist you in the selection process by providing objective information about each property. Agents who are Nesbitt Realty Realtors® have access to a variety of informational resources. Nesbitt Realty Realtor® can provide local community information on utilities,
Julie Nesbitt
your Realtor Julie Nesbitt
zoning. schools, etc. There are two things you'll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell? 4. Your Nesbitt Realty Realtor® can help you negotiate. There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required. 5. Your Nesbitt Realty Realtor® provides due diligence during the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your Nesbitt Realty Realtor® can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements
Stuart Nesbitt
Stuart Nesbitt
(access rights) for utilities. Your Nesbitt Realty Realtor®, title company or attorney can help you resolve issues that might cause problems at a later date. 6. Your Nesbitt Realty Realtor® can help you in understanding different financing options and in identifying qualified lenders. 7. Your Nesbitt Realty Realtor® can guide you through the closing process and make sure everything flows together smoothly. 8. When selling your home, your Nesbitt Realty Realtor® can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.
Realtor Ron Ginyard
Ron Ginyard has the experience you need to successfully realize your real estate goals.
9. Your Nesbitt Realty Realtor® markets your property to other real estate agents and the public. Often, your Nesbitt Realty Realtor® can recommend repairs or cosmetic work that will significantly enhance the salability of your property. Your Nesbitt Realty Realtor® markets your property to other real estate agents and the public. In many markets across the country, over 50% of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer. Your Nesbitt Realty Realtor® acts as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service or other cooperative marketing networks, open houses for agents, etc. The Realtor® Code of Ethics requires Nesbitt Realty Realtor® to utilize these cooperative relationships when they benefit their clients. 10. Your Nesbitt Realty Realtor® will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your Nesbitt Realty Realtor®, you do not have to allow strangers into your home. Your Nesbitt Realty Realtor® will generally prescreen and accompany qualified prospects through your property. 11. Your Nesbitt Realty Realtor® can help you objectively evaluate every buyer's proposal without compromising your marketing position.
Dillon Lee
Dillon Lee
This initial agreement is only the beginning of a process of appraisals, inspections and financing -- a lot of possible pitfalls. Your Nesbitt Realty Realtor® can help you write a legally binding, win-win agreement that will be more likely to make it through the process. 12. Your Nesbitt Realty Realtor® can help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. Your Nesbitt Realty Realtor® is the best person to objectively help you resolve these issues and move the transaction to closing (or settlement). For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.

5 Common First Time Home Buyer Mistakes

A Single family house at 5428 Grist Mill Woods Way Alexandria VA 22309
Grist Mill Woods is in Alexandria 22309
1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. 2. Develop your home wish list. Then, prioritize the features on your list. 3. Select where you want to live. Compile a list of three or four neighborhoods you'd like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety. 4. Start saving.Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don't forget to factor in closing costs. Closing costs --- including taxes, attorney's fee, and transfer fees --- average between 2 and 7 percent of the home price. 5. Get your credit in order.Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments. 6. Determine your mortgage qualifications.How large of mortgage do you qualify for? Also, explore different loan options --- such as 30-year or 15-year fixed mortgages or ARMs --- and decide what's best for you.
Condos at 2001 15th St N #615 Arlington VA 22201
Odyssey is in Arlington 22201
7. Get preapproved. Organize all the documentation a lender will need to preapprove you for a loan. You might need W-2 forms, copies of at least one pay stub, account numbers, and copies of two to four months of bank or credit union statements. 8. Weigh other sources of help with a down payment. Do you qualify for any special mortgage or down payment assistance programs? Check with your state and local government on down payment assistance programs for first-time buyers. Or, if you have an IRA account, you can use the money you've saved to buy your fist home without paying a penalty for early withdrawal. 9. Calculate the costs of home ownership. This should include property taxes, insurance, maintenance and utilities, and association fees, if applicable. 10. Contact a REALTOR®. Find an experienced REALTOR® who can help guide you through the process. For more information or to set up an appointment call Julie at (703)765-0300.