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

8733 Fort Hunt Rd

Best priced Waynewood Elementary district east of Fort Hunt Rd in Plymouth Haven neighborhood, minutes to Fort Hunt Park, GWP/bike path on a half acres lot. New hardwood floor in kitchen/foyer, fresh paint throughout, newly refinished & stained wood floor. Most of the house refreshed & ready for you. minor punch out list being addressed [Plymouth Haven - $674,990]

8705 Bradgate Rd

Spacious and Updated Stratford Landing Home! From the moment you step inside, you~ll feel welcomed. There are 5 bedrooms, 3 bathrooms and 2,100 square feet on a 0.28 acre lot. Home has many upgrades made throughout including 2-3 year new roof, brick sidewalks and entrance steps, basement window wells, windows throughout the house and entrance doors. Several home features are hardwood floors throughout, carbon monoxide and smoke detectors on all 3 levels, chair rails, wood burning fireplace in the living room, stereo wiring between the first floor family and living room, and crystal chandelier. The kitchen features custom cherry wood cabinets, new stove and hood, stainless steel dishwasher and new quartz counters. Large walk-in attic. There is a finished basement with an office and built-in shelves and bar with refrigerator as well as a new basement entrance. Outdoor you~ll find a custom stone wall in the front yard, gutter covers, a satellite dish and the home is secured with ATD security system and fire detector. Located 1.4 miles to Mt Vernon hospital, library and middle school, and walking distance to West Potomac High School and Fort Hunt Elementary School. Also, only 1.5 miles to Rt 1 Costco, Walmart and Home Depot, and 1 mile to Mt Vernon parkway, Stratford on the Potomac entrance, and Mt Vernon bike and jogging trail. 2 miles to Mt Vernon. Close to restaurants and shopping, and walking distance to neighborhood swimming pool and tennis (Stratford Landing Recreation Association). [Stratford Landing - $650,000]

7615 Ridgecrest Dr

Gorgeous remodeled home with year round water views on two levels with 5/6 bedrooms and 3 full and 1 half baths. Major additions and renovations including added front porch, foyer, home office/6th bedroom with custom built-ins, perfect for working from home. Large master bedroom with walk-in closet and added luxurious bathroom. Vaulted living room and dining room with gas fireplace opens into large sunroom addition with fabulous views and access to deck. Plus two/three additional large bedrooms on this level with another renovated full bath. Gourmet eat-in kitchen with walls of cabinetry, island, half bath and main level laundry room. Lower level remodeled to add kitchenette/wet bar with sink, beverage refrigerator, microwave, two-drawer dishwasher, granite counters and cabinetry. Second gas fireplace with walk out to patio. Truly a sport fans oasis! Two additional lower level bedrooms and full bath. Tons of fabulous storage plus oversized two car garage. This home is stunning. [Wellington - $1,174,900]

9005 Vernon View Dr

Welcome to 9005 Vernon View Drive, an enchanting cape cod with a side-load 2-car garage positioned on a half-acre lot just a block from the Potomac River. This delightful home features oversized rooms with treed views and showcases beautiful hardwood floors throughout the main and upper levels. The upgraded kitchen offers granite counters, maple cabinets, stainless-steel appliances and nice fixtures and hardware. The big patio off the kitchen faces out to trees and the wide and deep flat backyard. On the lower level you~ll find a spacious rec room with a cheerful fireplace, a separate office/bonus room, and tons of storage options. Just moments to the George Washington Parkway, Mount Vernon and the scenic Mount Vernon bike path. This home is conveniently located with easy access to Old Town Alexandria and a short drive to National Harbor! [River Bend Estates - $649,950]

1007 Collingwood Rd

Welcome to the picturesque neighborhood of Collingwood on the Potomac right off of GW Pkwy! Split-level 4BD/3BA with brand new roof, new kitchen appliances, and washer/dryer all as of July 11. Fresh exterior/interior paint. 2 fireplaces. Upper level with sunroom addition insulated and hooked up to central AC/heating system. Lower level family room + 1 bedroom perfect for office space, gym, or guest room. 1 car garage with workshop space. Sellers conducted a home inspection and addressed any items to make it even more move in ready for new buyers! Priced $30K below comps. Can't make it to the home? No problem! View the uploaded 3D virtual tour. Welcome Home. [Collingwood On the Potomac - $650,000]

2216 William and Mary Dr

Lovely home in desirable Williamsburg Manor! 4- Level Split home on over 1/2 acres of private wooded land, w/large expanded kitchen and great room addition on main level plus idyllic screened in porch, private driveway, 1 car carport and exterior hardscaped patio. Over 2300sf of finished living space. New 2019 HVAC and 2019 water heater, new 2019 SS refrigerator, new 2019 SS gas cooktop, granite counters, new carpet on lower level 5th bedroom and 2nd family room, fresh paint, new light fixtures. New front door and new patio sliding doors. Spacious living with open sight lines on main floor with beautiful view of landscaped back yard. Generous storage including 2nd lower level bonus/game room and storage. Back yard access to laundry room with extra storage plus built in shelving in lower family room. Outdoor shed for yard equipment and fully fenced backyard. Minutes from Huntington Metro, the airport and major transportation. Surrounded by parks and easy access to the Mt Vernon Bike Trail. Begin new memories here! [Kirk - $699,900]

8225 Crown Court Rd

OPEN HOUSE SUN 7/14, 2-4pm. 4-level split, 4BR, 2BA with space that could be 5th bedroom. You'll love sitting on the back deck overlooking the lovely landscaped backyard, with both herb garden & small vegetable garden & loads of perennials - a gardener's dream!! Back deck is accessible through sliding glass doors from both kitchen & dining room. Great hardwoods & lots of natural light! Large laundry room has extra storage as well as extra storage on lower level. Off street parking for 3 cars. Easy commute to Ft. Belvoir, Old Town Alexandria, Pentagon & National Landing! [Kirk - $595,000]

8008 Wellington Rd

Great Value in Waynewood School area! Special Features include: 3 Bedrooms, hardwood floors, Large Kitchen leading to living room/dining area, large sun room addition allows for a multitude of options, huge floored attic provides tons of storage. Private rear/side yard is great for entertaining. Storage shed in yard. Short walk to Hollin Hall Shopping/Restaurants. This one won't last long! [Hollin Hall Village - $475,000]

1804 Whiteoaks Dr

Classic exterior with truly stunning open interior combined with gorgeous elevated 3/4 acre wooded setting just minutes from Old Town. One of the most unique and exciting opportunities in recent years! Special features include: Chef's kitchen with custom cabinetry and top of the line appliances including "Viking" cook top, gorgeous refinished hardwoods, expanded family room and main level Master suite lead to truly spectacular solarium with custom endless lap pool. Expansive glass doors from family room and pool area open to massive stone patio creating exceptional flow for indoor/outdoor entertaining. 3 Main level bedrooms and upper level private suite, basement with gas fireplace and bar. 2 car garage & gravel circle drive provides ample parking. This special property with its spa like private environment is more than just a residence. This home provides a complete lifestyle experience! [Hollindale - $949,900]

1139 Cedar Dale Ln

OPEN HOUSE Sun July 14, 2-4. Please notice the improved price on this gorgeous classic Cape Cod in a prime location between the George Washington Parkway and Fort Hunt Road in sought after 22308. This home is tastefully expanded and updated to preserve the integrity of the original house. Wonderful features include a spacious first floor master bedroom suite, 2 wood burning fireplaces, a huge great room/family room, perfect for entertaining, an updated kitchen and a fabulous screened-in porch. All freshly painted inside and out.The magic lot is an .60 acre oasis with various cozy sitting areas for relaxation. It boasts a plethora of beautiful trees, bushes and flowers ~ Hydrangeas, Peonies, Hibiscus, Azaleas, Roses, Holly, Crepe Myrtles, Dogwood, Red Maple and many others. There is a tempting large swimming pool and a screened-in Gazebo w/electricity ~ perfect for day or evening entertaining. The yard is fully fenced and this is in the Waynewood Elementary school district. Please do not miss out on this special property. [Boulevard Acres - $939,000]

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.