Have you ever asked yourself if you are ready for a change in your house? I'm going to ask you a couple of questions and if you answered yes to the majority of the questions, it may be time for you to move whether it's due to a larger house area or a more desirable location. Either way, Living in the Alexandria area is quite flexible due to the flexible neighborhood.
Does your current home have substantial equity?
You need to check your mortgage statement or call your lender to know how much have you settled in your mortgage fees. In the first few years of your mortgage, the norm is that won't be able to build much equity because your monthly dues are mostly interest.
On the other hand, if the house has been with you for five years or more, then you may have a significant amount of gain which you have not realized. This does not only apply to Alexandria but in other areas as well.
Is there a change in your income or financial situation?
There are two important paths in this question. If your income has increased, then you may be able to afford high mortgage payments and be able to cover the cost of moving. On the other hand, if your income has decreased, you may want to opt to downsize.
Do you see your current neighborhood as a long term settlement?
The chances of settling down in Alexandria where your first house is are high. However, once you've been working for quite some time, you might realize that you want to live closer to your work. It saves time and effort.
Are there reasons that you can't restructure or upgrade?
There are times that the key in getting a bigger house is just by adding a new room or building with your current house considering the land area in Alexandria. The catch here is that if your house area is all, your municipality won't allow it, or you're just not interested in restructuring, then moving to a house that is bigger might be the solution.
Is the current housing market comfortable for you?
There are again two things to consider for this question. If your market is high, your home may likely sell out faster and at a higher price. However, if you buy a new home, it may be more expensive than the one you just sold. On the other hand, if your market is slow, it may take some time for you to find a buyer. However, you will have a wider array of selection as well as better pricing.
Whichever the case, you should ask your real estate professional as they know best.
Are the interest rates attractive?
When the rates are low, it may be easier for you to sell your home. it may also help if you buy more homes.
Are you having difficulty in maintaining your current home?
Your best bet is to contact a REALTOR as soon as possible. They might suggest options for you on which would be best fit. Several realtors are available in Alexandria.
Properties in Alexandria
[$1,026,075 - 510 Robinson Ct, Alexandria, VA 22302] SOLD!
[$845,000 - 5117 Mount Vernon Memorial Hwy, Alexandria, VA 22309] SOLD!
[$810,000 - 5823 Dewey Dr, Alexandria, VA 22310] SOLD!
[$395,000 - 124 Roberts Ln #300, Alexandria, VA 22314] SOLD!
[$918,000 - 5818 Helmsdale Ln, Alexandria, VA 22315] SOLD!
[$1,800,000 - 622 S Lee St, Alexandria, VA 22314] SOLD!
