Do you need to know how to lay the groundwork for $724,000 home hunting in the competitive local real estate market?
Understand that you can't know the “ideal” time to buy.
If you find the right residence now, don't take the chance of losing out because you’re trying to predict where the housing market in Alexandria is headed. Things like market price and interest rate usually don’t change fast enough to make a difference in an individual townhouse’s price. Much more important than macro-economic factors, is the actual neighborhood in Alexandria you're looking at. Every single property in Alexandria is unique. So, a home for sale today, might not be available when the market changes.
It doesn't matter what other people like.
It's nice to have some support when you're making a big decision, but too many ideas from too many people will make it much harder to make a decision. Focus on the needs of the people who will actually be living in the home.
Start with the assumption that no townhouse is ever perfect.
There are many examples of compromises that buyers have to make every day. Consider a few of these possibilities. Maybe you love the kitchen, but hate Traditional homes. Maybe it's picture perfect, but with a price that is painful. Organize your needs and wants, so that we can concentrate on the factors that are really important.
Don't expect negotiations to be a give-away.
There are other buyers in Alexandria and they are looking at the same data. If a home is under-priced, expect it to get bid up.Alexandria is filled with sellers who are well-educated, intelligent and they have access to loads of information.
Remember your home is a part of a community.
Don’t get completely enamored by the physical aspects of a property to the point that you forget about important issues such as:
- proximity to shopping
- noise level
- waterfront or waterview
Prepare ahead.
Don't put off these tasks. Before you shop you should:
- investigate insurance
- figure your budget
- list your priorities
- select a Realtor
I can help with the purchase process. Even if you just need to talk to learn more about how to go forward, please don’t hesitate to call. Phone me if you’d like to learn more about 405 Franklin St.
405 Franklin St, Alexandria VA 22314 || $724,000
- $725,000: 1225 Michigan Ct, Alexandria, VA 22314 | Nethergate | Comparables
- $749,900: 414 Queen St, Alexandria, VA 22314 | Old Town | Comparables
- $699,999: 520 Tobacco Quay, Alexandria, VA 22314 | Tobacco Key | Comparables
- $725,000: 611 Pitt St S, Alexandria, VA 22314 | Old Town | Comparables
- $750,000: 403 Fayette St N, Alexandria, VA 22314 | Parker Gray | Comparables
Nesbitt Realty is a family-run real estate brokerage located in Northern Virginia.