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Selling Your Condo: Helpful Tips

Realtor LogoWhen you begin thinking about selling your condo, it is a good idea to begin by enlisting the help of a licensed Realtor. Unless you are otherwise experienced in the business of buying and selling condominiums, hiring the help of a qualified professional will enable you to reach a large market of potential buyers, and a good agent will work overtime to help you sell your home. In addition, hiring a Realtor will help ensure that all of the paperwork pertinent to the transaction is executed properly. Once you decide to sell your condo, begin by following the helpful tips listed below to prepare you for the process of selling your condo and enable your Realtor to do their job most effectively.
  • Begin by making a list that summarizes all of the information regarding your specific condo unit as well as the building and area it is located in. This list should emphasize all of the features that your condo has to offer. What makes your condo unique compared to others in the nearby area? What elements of the condo have you found to be most convenient and important to you? What are the amenities that your condominium building offers to residents who live there? For example, location is a major selling factor. If the unit is located near mass transit or other commuter-friendly areas, you should use that as a selling feature. This list should include everything that the specific condo unit and the condominium building feature. Finally, be sure to include any other information that you believe is relevant or applicable to the property. Once your list is completed, give it to your Realtor. This list will aid both you and your Realtor in advertising, marketing, and ultimately selling the property.
    condo
    For condo buying or condo selling in Northern VA call Nesbitt Realty
  • Next, head out and go to see the competition firsthand or, at the very least, do some internet research to locate other condos for sale in your neighborhood. It is important to know the general price point that other people are asking. In today's market, it is critical that you price your condo competitively if you want it to sell. Becoming knowledgeable about the market you are selling in is crucial. Ask your Realtor what they know about the area surrounding you condo and be sure to keep the lines of communication open if you discover any new or interesting information.
  • Let your neighbors know you want to sell your condo. Many times, your neighbors may have friends, family or co-workers who could be potential buyers. You can then post flyers or create postcards to place in the lobby of your building to let neighbors and others in your community know that your condo is for sale. Never underestimate that word of mouth is often an incredibly effective marketing tool particularly because people often like to live in a building where they know someone.
Finally, remember that selling your condo is more than selling a piece of real estate. Selling your condo is about selling a place to live that supports a particular lifestyle. Therefore, you want to target those that would be most interested in owning property. Through the process of maintaining effective lists that highlight the features of the property, understanding the nearby and local market, and informing neighbors of your desire to sell, you and our Realtor can both knowledgeably and efficiently sell your condo even in a buyer friendly market. For more information or to set up an appointment call Stuart at (703)765-0300.

Properties in Rose Hill

$594,000 - 5924 Cauba Ct [Learn more about our rebates]

$795,000 - 5910 Brookview Dr [Learn more about our rebates]

$995,000 - 5829 Bush Hill Dr [Learn more about our rebates]

$1,100,000 - 4500 Franconia Rd [Learn more about our rebates]

See more in Rose Hill

Fort Belvoir relocations call Nesbitt Realty

Fort Belvoir relocations call Nesbitt Realty (703) 765 0300 for buying, selling, renting, and property management of Real Estate in Northern Virginia. Fort Belvoir relocations, there is lots of places to live: condos, townhouses, homes; each with variety in architecture, landscaping, affordability, and many other factors. Real Estate in Northern Virginia boasts many diverse neighborhoods, w/ garage, suburbs, metropolitan, walkables, water oriented, bank owned, etc. Buyers, sellers, renters, and landlords looking to acquire property management, dial (703) 765 0300 for Nesbitt Realty.

Properties in Rose Hill $750,000 to $1,000,000

5910 Brookview Dr, Alexandria 22310
$795,000
View Details
Brookland Estates
4 bd
3 ba
3,138 sqft
On Site: 9 Days
Listing courtesy of Samson Properties

5829 Bush Hill Dr, Alexandria 22310
$995,000
View Details
Bush Hill Woods
4 bd
3 ba
2,401 sqft
On Site: 1 Days
Listing courtesy of Long & Foster Real Estate, Inc.

See more in Rose Hill $750,000 to $1,000,000

Homeowners Reap Remodeling Benefits Whether Selling or Staying, Say Realtors®

WASHINGTON (December 9, 2015) — Homeowners preparing to sell often make improvements, both big and small, to their homes that can help yield positive results and garner top dollar from buyers. According to a new report from the National Association of Realtors®, remodeling projects can also bring major benefits to homeowners who choose to remain in their homes. "Realtors® know that certain home upgrades and remodels can be beneficial to get more buyer eyes on a property, potentially bring in more offers or gain more equity from a home," said NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. "But remodeling projects are just as valuable to homeowners who simply want to get more joy out of their dwellings. Regardless of the situation, Realtors® know what remodeling projects bring the biggest bang for the buck and what projects are most likely to improve a homeowner's impression of their current place." According to NAR's 2015 Remodeling Impact Report, which uncovers the reasons homeowners choose a remodel and the increased happiness certain projects bring once completed, 64 percent have experienced increased enjoyment in their home after completing a remodeling project. Additionally, 75 percent of respondents said they felt a major sense of accomplishment when thinking of their completed project. Fifty-four percent of respondents felt happy about the changes to their home, and 40 percent felt satisfied. As for their reasons to complete a remodeling project, 38 percent of homeowners said they wanted to upgrade worn-out surfaces, finishes and materials; 17 percent wanted to add features and improve livability; and 13 percent believed it was time for a change. Realtors® named kitchen upgrades, complete kitchen renovations, bathroom renovations and new wood flooring as the interior projects that most appeal to potential buyers. Similarly, Realtors® also ranked projects based on expected value at resale (without accounting for project price); the projects that ranked the highest in this category were complete kitchen renovations, kitchen upgrades, bathroom renovations and the addition of a bathroom. When looking at the interior projects that yield the biggest financial results upon resale, Realtors® ranked hardwood flooring refinishes (100 percent of project cost recovered upon resale), insulation upgrades (95 percent recovered), new wood flooring (91 percent recovered), and converting a basement to a living area (69 percent recovered) as projects to consider. Exterior projects are also important for both sellers and homeowners looking to increase satisfaction with their current home. Realtors® said new roofing, new vinyl windows, new garage doors and new vinyl siding are most appealing to potential buyers and are highly valued upon resale (both considering project price and disregarding project price). Upon resale, Realtors® said new roofing would recover 105 percent of its project cost, a new garage door would recover 87 percent, new vinyl siding would recover 83 percent, and new vinyl windows would bring back 80 percent of their cost. As for exterior projects that bring the most happiness for those not necessarily intending to sell, homeowners said new fiber-cement siding, new fiberglass or steel front doors, new roofing, and new garage doors brought the most satisfaction. The 2015 Remodeling Impact Report, the first of its kind from NAR that examines personal satisfaction from remodeling projects, surveyed Realtors®, consumers who have completed their own remodeling projects, and members of the National Association of the Remodeling Industry. "Remodeling projects can greatly improve both the value of and satisfaction with one's home, which are great things no matter the reason for a project," said Judy Mozen, president of the National Association of the Remodeling Industry. "This report highlights the best projects to consider in either situation and showcases just how much of a difference a good and professional remodel can make in real numbers." Salomone said the report not only assists homeowners who are preparing to sell in choosing the best projects to attract buyers, but it also helps those looking to get more personal satisfaction out of their homes. "Realtors® know that remodeling projects aren't just done to get more money for a home once it's time to sell - a home is your sanctuary, the place you raise your family and where you make lifelong memories, which is why the report can also help consumers decide which projects could enhance their current quality of life and happiness," he said. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries. The National Association of the Remodeling Industry is the medium for business development, a platform for advocacy and the principal source for industry intelligence. NARI connects homeowners with its professional members and provides tips and tricks so that the consumer has a positive remodeling experience.  

Understanding Agency Relationships

It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transaction. Ask what type of agency relationship your agent has with you: Seller's representative (also known as a listing agent or seller's agent) A seller's agent is hired by and represents the seller. All fiduciary duties are owed to the seller. The agency relationship usually is created by a listing contract. Buyer's representative (also known as a buyer’s agent) A buyer’s agent is hired by prospective buyers to represent them in a real estate transaction. The buyer's rep works in the buyer's best interest throughout the transaction and owes fiduciary duties to the buyer. The buyer can pay the licensee directly through a negotiated fee, or the buyer's rep may be paid by the seller or through a commission split with the seller’s agent. Subagent A subagent owes the same fiduciary duties to the agent's customer as the agent does. Subagency usually arises when a cooperating sales associate from another brokerage, who is not the buyer’s agent, shows property to a buyer. In such a case, the subagent works with the buyer as a customer but owes fiduciary duties to the listing broker and the seller. Although a subagent cannot assist the buyer in any way that would be detrimental to the seller, a buyer-customer can expect to be treated honestly by the subagent. It is important that subagents fully explain their duties to buyers. Disclosed dual agent Dual agency is a relationship in which the brokerage firm represents both the buyer and the seller in the same real estate transaction. Dual agency relationships do not carry with them all of the traditional fiduciary duties to clients. Instead, dual agents owe limited fiduciary duties. Because of the potential for conflicts of interest in a dual-agency relationship, it's vital that all parties give their informed consent. In many states, this consent must be in writing. Disclosed dual agency, in which both the buyer and the seller are told that the agent is representing both of them, is legal in most states. Designated agent (also called appointed agent) This is a brokerage practice that allows the managing broker to designate which licensees in the brokerage will act as an agent of the seller and which will act as an agent of the buyer. Designated agency avoids the problem of creating a dual-agency relationship for licensees at the brokerage. The designated agents give their clients full representation, with all of the attendant fiduciary duties. The broker still has the responsibility of supervising both groups of licensees. Nonagency relationship (called, among other things, a transaction broker or facilitator) Some states permit a real estate licensee to have a type of nonagency relationship with a consumer. These relationships vary considerably from state to state, both as to the duties owed to the consumer and the name used to describe them. Very generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of an agency relationship.

Featured Home For Sale in Alexandria VA

Properties in Rose Hill

5924 Cauba Ct, Alexandria 22310
$594,000
View Details
Fairfax Homes
3 bd
1 ba
1,271 sqft
On Site: 0 Days
Listing courtesy of Samson Properties

See more in Rose Hill

Selling Your Home or Condo in Northern Virgina using the Internet

Stuart Nesbitt with Spring attire
Stuart Nesbitt with Spring attire
According to National Association of Realtors' 2008 Profile of Home Buyers and Sellers, now over 80% of people use the Internet as a primary tool in their search for a new home. Sites like NesbittRealty.com are used by more and more people every day. Some claim that, "Internet condo buyers devote more time to research before working with a real estate agent. But after that, they move quickly, spending just two weeks looking for a new condo, new home, pre-construction condo, townhome, or loft with an agent." Although some of our clients know exactly what they want and view only a few homes or condos, many of our clients relentlessly research and analyze neighborhoods and homes before taking time to tour properties listed for sale. We find that our site and our Guide have complemented--not diminished--the role played by our real estate agents and realtors. Most Internet condo, townhome, loft, or single family home buyers use an agent in the home buying process. Our site provides a convenient method to do research about Northern Virginia home listings. NesbittRealty.com provides resources for home buyers and investors looking for new real estate opportunities. If you're reading this now then you have a clue just how big our Internet presence is.  Contact us to sell your home on Condos and Homes today!

Listing your home for sale in {Location_Name}

Listing a home for sale involves a bit more than simply putting a sign out on the lawn and waiting for a buyer. When you decide to list your home in {Location_Name}, it’s wise to work with a real estate agent who can take you through the process. A Nesbitt Realty agent will take the time to carefully walk through the home with you. Our Realtor will go over what you can do to improve the property for a quicker sale and a better asking price. Our Realtor will go over the comparable sales in your area and suggest the best listing price. Once you’ve agreed on the asking price, we will sign an agreement with Nesbitt Realty that lays out the details, including commissions, duration, and more. Nesbitt Realty will take professional photographs throughout the home, and then list the property on the MLS. Our marketing will drive home buyers to you ensuring a quick sale at the highest possible price. [More about listing your home for sale with Nesbitt Realty]

What can I expect from my real estate agent?

When listing a condo in Alexandria, VA what can I expect my real estate agent to do to help me in the sale? Your agent can help you:
  • Prepare the property for sale.
  • Help you determine its fair market value.
  • List your property to help you reach buyers quickly and competitively.
  • Assist in price negotiations with buyers.
  • Help complete your sales agreement and close the sale.
As a buyer you can expect many of the same services, tailored to your needs finding a condo, these include:Realtor Logo
  • Deciding on the benefits of renting vs. owning
  • Preapproval for your mortgage
  • Selecting the right location
  • Finding and viewing properties
  • Assessing a properties fair market value.
  • Assisting in price negotiations
  • Completing purchase agreements and closing the sale.
 

Properties in Focus

3000 Spout Run Pkwy #A209, Arlington 22201
$249,900
View Details
Cardinal House
1 bd
1 ba
724 sqft
On Site: 24 Days
Listing courtesy of Independent Property Management LLC

6310 Franconia Commons Dr, Alexandria 22310
$699,000
View Details
Skyline Homes
4 bd
3 ba
2,614 sqft
On Site: 0 Days
Listing courtesy of Compass

2520 Lakevale Dr, Vienna 22181
$1,175,000
View Details
Lakevale Estates
5 bd
3 ba
2,644 sqft
On Site: 1 Days
Listing courtesy of KW United

1535 Lincoln Way #102, McLean 22102
$244,900
View Details
Fountains At McLean
1 bd
1 ba
624 sqft
On Site: 85 Days
Listing courtesy of Jason Mitchell Group

2509 Stirrup Ln, Alexandria 22308
$849,000
View Details
Stratford On the Potomac
5 bd
3 ba
2,343 sqft
On Site: 1 Days
Listing courtesy of Compass

2059 Huntington Ave #301, Alexandria 22303
$227,000
View Details
Hunting Creek Club Condominiums
1 bd
1 ba
673 sqft
On Site: 35 Days
Listing courtesy of Keller Williams Realty Dulles

4860 Eisenhower Ave #195, Alexandria 22304
$419,900
View Details
Exchange At van Dorn
2 bd
2 ba
1,284 sqft
On Site: 0 Days
Listing courtesy of Pacific Realty

4320-4 N Pershing Dr #43204, Arlington 22203
$255,000
View Details
Arlington Oaks
1 bd
1 ba
699 sqft
On Site: 18 Days
Listing courtesy of Lewis & Clark LLC Realty

7700 Leesburg Pike #Carmel Lot 5, Falls Church 22043
$1,294,800
View Details
Tysons Ridge
4 bd
4 ba
2,355 sqft
On Site: 0 Days
Listing courtesy of EYA Marketing, LLC

722 Gibbon St, Alexandria 22314
$1,185,000
View Details
Goldfarbs
3 bd
2 ba
1,680 sqft
On Site: 0 Days
Listing courtesy of RE/MAX Distinctive Real Estate, Inc.

See more in Focus

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

Tips for Condo Buyers

Condos real estate agents
Nesbitt Realty can help you buy and sell real estate in Condos
If you are looking or even just thinking about buying a condominium home, it's perfectly natural to feel a little nervous. Buying a condo and owning your own home is a large, life changing purchase. Indeed, any individual thinking about buying a condo needs to know what to expect and how to prepare for those expectations. Below is a short list of 5 essential tips that any potential condo buyer would do well to consider throughout the process of finding a new condominium home. Happy hunting! 1) Look at Everything in Person First, remember to look in person at any condo unit you are interested in. It is very important that you make sure to actually see the amenities, parking space, and condo facilities personally. This simple but critical task will avoid any confusion and disappointment later on and will ensure that you are satisfied with your condo purchase. If you absolutely cannot look at the condo in person than ask the seller if you can send a friend you trust to look at the unit instead. In addition, if you are located in a different city than where you are condo shopping, be sure to ask the condo seller or realtor to send you as many pictures as possible of the condo and the condo building before you make a decision. 2) Carefully review the Condo Association Fees First Make sure that you know what exactly is included in your condo purchase. What amenities are included in the condo fees to make the condo right for the price? Or, on the other hand, are you going to end up paying for benefits you don't need? In addition, ask if there is any insurance included. Different condo associations may charge the same amount per month, but one may include some incidental insurance while others may require hefty fees for amenities you may not really need or want. Finally, check the condo association meetings and/or any printed bulletins that result from them. Look for any past or developing issues that you need to take into account. 3) Never Ignore the Documents that Accompany the Condo Purchase Always review the condominium documents very carefully before you buy. In laymen's terms, don't ignore the fine print. Here, you should check the total price and property documents to make sure that they are reasonable for the area. Be especially cautious if the price is very low because this could mean you will need a special assessment of the unit, which could cost you a lot of money, later in the future. 4) Always Review Comparable Units for Sale in the Same Building While every condo building is unique and features different amenities, styles, policies, and location, it is important that you look into other condo units that are for sale or have sold in the same building. Here, do not simply rely on the recent sale price of another unit in the building. Consider what another units' floor plan was, what views it had, or if it had any special upgrades. Depending on the view and floor of the unit, the price of a one bedroom can vary within a condo building. 5) Work with a Specialist The condominium marketplace is often a very specialized type of real estate and as such, you should always consider working with a qualified realtor, and particularly one who specializes in condos. With the help of a realtor, you will have access to a greater condominium market which will enable you to find the best condo unit to fit your needs at a price that you can live with. For more information or to set up an appointment call Julie at (703)765-0300.

  • Prices And Pics Of Condos In 22206

    Will and Julie Nesbitt cross the street in Shirlington
    22206 is a great place to consider buying a home in Northern Virginia. Believe it or not you can find an affordable nice condo in Arlington.  For example this condo near Shirlington is at the Arlington 2 beds, 1 full baths Home size: 755 sq.ft. Added: 02/08/17, Last Updated: 02/08/2017 Property Type: Residential Garden 1-4…

    Read More

  • What’s so special about the condos at The Jamieson?

    Located in the Carlyle neighborhood of Alexandria, condos at The Jamieson are the only development to offer amenity services by the Westin Hotel. Residents have access to the following services: Valet parking Room service Maid service A la carte catering  

    Read More

  • Floorplans of Cardinal Forest Condos

    5935 MINUTEMEN RD, Unit 253, Springfield VA, 22152
    Situated on a rolling forest terrain in West Springfield, Cardinal Forest is a condominium development that was constructed in 1968 and converted into a condominium community in 1978. Below are the available floorplans at Cardinal Forest: Cardinal Forest highlights 130 acres of landscaping with trails and pools near Lake Accotink offering tranquil living near nature.…

    Read More

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.

Tips for Pricing your Home or Condo

Consider comparables.

Julie Nesbitt
Julie sold another!
What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities? If you live in Old Town Alexandria, it's important to look at what homes have sold for in Old Town Alexandria. If you live in Kingstowne look at sales prices of similar homes in Kingstowne. Also, understand the distinction between sales price and listing price. When looking at comparables, the sales price is what the home actually sold for.

Consider competition.

How many other houses are for sale in your area? What condos are for sale in your building? Are you competing against new homes? Are they building a brand new condominium across the street? In this case the listing price is what other people are asking for their homes. I hate to be the one to tell you, but no one cares what you paid for your home. Whether you paid too much or too little, the price is still governed by homes listed for sale now and homes that have sold.

Consider your contingencies.

Do you have special concerns that would affect the price you'll receive? For example, do you want to be able to move in four months? The more hoops you expect to put your buyer through, the lower price you can expect. This is true for buyers moving to the area to work at the Pentagon or for tech savvy buyers working in Tysons Corner.

Get an appraisal.

For a few hundred dollars, a qualified appraiser can give you an estimate of your home's value. Your Condo Alexandria REALTOR® can make some recommendations, or if you prefer at no charge we can prepare a comparative market analysis to see what you home might sell for. We'll take a look at homes that are for sale now and similar homes that have sold recently.

Be accurate.

Studies show that homes priced more than 3 percent over the correct price take longer to sell. This is probably even more true now that we are in a buyer's market.

Know what you'll take.

In the end, it's critical to know what price you'll accept before beginning a negotiation with a buyer. For more information or to set up an appointment call Julie at (703)765-0300.

What is a realtor?

According to the National Association of Realtors:
A real estate agent is a REALTOR® when he or she is a member of the NATIONAL ASSOCIATION OF REALTORS®, The Voice for Real Estate® -- the world's largest professional association.
The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.
Founded in 1908, NAR has grown from its original nucleus of 120 to today's 720,000 members. NAR is composed of residential and commercial REALTORS®, who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. Members belong to one or more of some 1,700 local associations/boards and 54 state and territory associations of REALTORS®. They can join one of our many institutes, societies and councils. Additionally, NAR offers members the opportunity to be active in our appraisal and international real estate specialty sections.
REALTORS® are pledged to a strict Code of Ethics and Standards of Practice. Working for America's property owners, the National Association provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property.
Our agents are abides by this Code of Ethics and Standards of Practice. We strive to give our clients value by staying current and knowledgeable about the sales and purchase process. We also constantly increase and improve our knowledge of Northern Virginia's communities, amenities and condominiums. For more information or to set up an appointment call Julie at (703)765-0300.

  • Julie Nesbitt

    Julie Nesbitt
    Julie Nesbitt knows the back trails and by-ways of Northern Virginia real estate.

    Read More

  • Enjoying Winkler Botanical Preserve

    We had a great time walking the trails. 

    Read More

  • Don’t take chances with real estate.

  • REDUCED: 7202 Churchill Rd, McLean

    Open House, Sunday, 1-4 BIG PRICE DROP! 7202 CHURCHILL ROADMcLean, VA 221016 Bedrooms5.5 Bathrooms6,752 SF $1,695,000

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  • Good Shepherd Housing and Family Services

    Fairfax County
    Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…

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