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.Ā  (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

1715 Hollindale Dr

An outside oasis greets you in the front and the back of this lovely all brick, 2 car garage, Colonial, pool home sitting on almost an acre lot! This home, in the prestigious Hollindale neighborhood, has been owned by only one family. What a rare find! Hardwood floors carry you throughout, there is a formal dining room and a separate breakfast space, a main level den/office, lower level room that can be a guest room with a full bath. Main level family room with wood burning fireplace and a basement great room with another fireplace. The updated kitchen invites you in with loads of natural sunlight and a fantastic view of the gorgeous pool and beautifully landscaped backyard. Separate patio space with an automatic awning. Enjoy cooking in the gourmet kitchen and endless entertaining in the fun filled backyard. Plus! An ideal to commute to all DC has to offer! Less than 10 miles to Reagan National Airport, 3.5 miles to Huntington Metro, close to Old Town, Crystal City, the Pentagon, DC, and Fort Belvoir to name just a few. Welcome Home! [Hollindale - $910,000]

7812 Friars Ct

Lovely, spacious brick home with attached garage on a quiet, friendly cul-de-sac. This wonderful location is convenient to shopping, restaurants, schools, library and Mt. Vernon Hospital. Open floor plan features wood floors and loads of natural light on the main level. The charming kitchen features granite counters and a breakfast bar that is open to the dining room. The main level also has the master suite as well as a second bedroom and hall full bath with tub. The finished lower level has an inviting family room with a wood-burning fireplace, two bedrooms, a full bath, also with tub. The lower level also has a large laundry room with plenty of space for storage and walks out to the large fenced back yard. Double-pane windows help with energy efficiency. The home is in a great location for those commuting to DC, the Pentagon, Old Town, Ft Belvoir, Amazon's new HQ and so much more. The scenic GW Parkway and bike trail are close by whether you choose to go for a run, a ride or a scenic drive. [Sherwood Forest - $599,000]

1400 Alexandria Ave

Stately and southern colonial with welcoming front porch and vaulted ceiling screened in porch located on quiet cul-de-sac! Built in 2001 the current owners have spared no expense updating this home putting in nearly $400,000 in recent improvements! 5 bedrooms on the upper level + main level library/office! Open concept kitchen/family room (with gas fireplace), breakfast room opening up to incredible screened in porch. Oversized 2 car garage walks into mud and laundry room. Hardwoods throughout the main and upper level. Aupair/ inlaw suite in the walkout basement with kitchenette, built ins, full bath, and gas fireplace. Fully fenced in back yard featuring landscape lighting and in-ground sprinkler system. Open Sunday 1/19 from 2-4 PM. [Wellington Heights - $1,399,000]

8621 Camden St

Wonderful updates abound in this mid-century modern one level home with addition in Stratford Landing. Soaring ceilings throughout. Enter into living room with double sided wood burning fireplace and built-ins. Stunning kitchen remodeled with butcher block counters, custom tile, stainless appliances and open living design is perfect for entertaining. Four large bedrooms and two updated baths including a newly remodeled shower in master bathroom. Addition of Butler's pantry/storage could make great home office. Walk out to the patio from the main living area to flat fenced yard with wonderful raised gardens on the side yard. 7 zone irrigation added throughout yard. Extra large carport with separate entrance into mudroom with barn door to family room. Updates include Bamboo floors throughout, double pane windows, new hot water heater and many designer touches. [Stratford Landing - $665,000]

8731 Bluedale St

This extraordinary home is completely remodeled and loaded with upgrades! Featuring: 6 bedrooms, two are master suites, (one is a main floor master), 5 baths, gourmet kitchen w/ss appliances, quartz countertops and large island, separate dining room, large living/family room area with gorgeous stone fireplace, enormous basement with wet bar..and so much more. This highly desirable neighborhood with acclaimed schools is just seconds away from GW parkway. [Stratford Landing - $775,000]

8900 Battery Rd

Welcome to 8900 Battery Road in beautiful Potomac Valley River Bend nestled in the heart of Fort Hunt. This is a peaceful close-knit community with lovely mature trees. Steps to the George Washington Parkway, the Potomac River and Fort Hunt Park. This sun-drenched five-bedroom, 3 full baths, home has been beautifully updated and boasts a perfect and versatile floor plan and flow. As you enter the residence via a gracious foyer (with secret shoe storage), note the cozy family room, entry level bedroom and full updated bathroom. There is access to the lovely backyard as well. Walk up one level and relish the open kitchen with custom cabinetry, new stainless-steel appliances and Silestone countertops. This level also provides access to the backyard, and features a dining room and a living room, all with gleaming hardwoods.The bedroom level features three amply sized bedrooms, all with hardwoods, including an update full hall bathroom and a full en-suite master bath. The lower level has an additional bedroom, another family room and a separate laundry room.This home has been lovingly maintained, features newer windows, new HVAC, new light fixtures, an updated electrical panel, a new sewer line, new ceiling fans and a freshly painted interior.Fort Hunt vibes like a small community with sidewalks and amazing proximity to the Potomac River, George Washington Parkway and Fort Hunt Park. Many residents take advantage of bike commuting and the 11Y express bus to Old Town and the District. Enjoy a scenic commute on the beautiful GW Parkway to Fort Belvoir, The Pentagon, Old Town, The District, or beyond.Welcome home! [Potomac Valley - $599,000]

1619 Courtland Rd

Sought after Waynewood School District! Beautiful colonial sits on a gracious .5 acre lot backing to woods and Paul Spring creek. Step inside to this charming entry foyer with access to the main level den/family room...perfect for telework, visiting guests or bingeing on your favorite shows. Large living room with woodburning fireplace, recessed lighting and warm hardwoods is perfect for entertaining and provides convenient access to the formal dining room overlooking the backyard. Chefs kitchen with granite, stainless and lots of prep space is sure to please. Thoughtful breakfast nook is adjacent to screened porch and rear access to the large deck overlooking the lush yard. Upstairs, you will find 3 generously sized bedrooms, 2 full baths with granite and designer touches. Hardwood flooring throughout this level and convenient attic storage too.The lower level boasts a walk-out basement with large recreation room (new carpet), a woodburning fireplace and walk-out access to a second lower level deck overlooking the backyard. This level also has cheery bedroom convenient for guests or teens and a full bathroom plus plenty of storage in both the utility room and storage room. Create a home theatre or fifth full bedroom!Outside, you will enjoy this huge yard offering plenty of privacy for entertaining and pets. You can be on the Mt. Vernon bike~trail in seconds~and enjoy it's 40 miles of trails, scenic water views and historic stops. Only 12 miles to Amazon's new headquarters, 5 miles from Old Town (no stop lights) and Huntington Metro. 11Y bus stop is just a few blocks away. Don't miss this one! [Hollindale - $849,900]

8317 Woodacre St

Feel right at home the moment you walk in. Warm and inviting, bright and updated, ready for a new family! This home is on an amazing lot with wooded views in the back and a cul de sac out front, NO through traffic! Enjoy entertaining or relaxing on your oversized deck spanning almost the entire back of the house. Complete with 5 bedrooms, 2.5 bathrooms, 2 family rooms, a large laundry/mud room with access to the backyard, a completely updated kitchen that opens to the dining area with new appliances, a large basement with a work room and space for a 'man cave' or kids to ride bikes in the winter! All of this plus an oversized 1 car garage with french doors to the paver driveway large enough to park an RV or a boat AND wonderful neighbors!! Who could ask for more! Oh wait... there is more! Walk to neighborhood elementary and middle schools, parks and pools. Enjoy an ideal commute on the George Washington Parkway, along the Potomac River, to the Pentagon, DC, Fort Belvoir, Old Town Alexandria, Huntington Metro, Reagan Airport and more! Welcome Home. [Collingwood Springs - $755,000]

1603 Revere Dr

**OPEN THIS SUNDAY 1/5!**Act quickly to customize your finishes! New construction in the coveted Waynewood elementary school district. Purchase now and make your interior selections for the finished home. Enjoy living in the quaint village of Hollin Hall...walk to shops and restaurants, minutes from GW Parkway & Old Town! [Hollin Hall Village - $879,000]

8719 Highgate Rd

Spacious 5 bedroom, 2.5 bath Colonial home on a double lot in the lovely Stratford Landing neighborhood. New owners can enjoy the open floorplan with newly refinished hardwoods throughout, a large kitchen with a breakfast area & a bay window overlooking the expansive lush grounds, large dining/living room combo with built-in shelving, and a cozy family room with a gas fireplace and exposed wooden ceiling beams. The upper level boasts a huge Master Suite including a private bath with heated floors. Additionally, there are 3 sizeable bedrooms, a 5th bedroom converted into a custom dressing area, and a full hall bath. The fully finished basement is great~for entertaining and extra storage. New roof 2018, recessed lights installed throughout home, and many more recent updates! Close to GW Parkway & Amazon headquarters. Enjoy water activities nearby at Little Hunting Creek as well as the community pool. Welcome Home! [Stratford Landing - $749,999]

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


Stuart Nesbitt

View posts by Stuart Nesbitt
Stuart Nesbitt is a RealtorĀ® licensed in the Commonwealth of Virginia. His office is located in Fairfax County near the City of Alexandria in Belle Haven. He was born and raised in Northern Virginia and attended Fairfax County schools. Call him at any time to discuss your real estate needs.