$2B Sale Signed By McLean’s GTT Communications

GTT Communications has signed an agreement to sell its infrastructure business to I Squared Capital, for $2.15 billion. GTT Communications is a McLean, Virginia-based telecommunications, internet, and cloud services provider while I Squared Capital is a Miami-based infrastructure investment company. GTT Communications stock spiked as much as 20% in New York Stock Exchange trading on the announcement Friday.Continue reading

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! Selling a property quickly and at the best price can seem daunting in {Location_Name}. In order to ensure a fast sale, Nesbitt Realty prices our homes competitively. If you overprice, you run the risk of losing out on potential buyers. Your Realtor can help you to make sure that your home is clean, inviting, and in great shape. Our agent can point out where you should spend money and where you can save your money. Of course, a seller wants the home to show in the best possible light, so we recommend deep-cleaning, decluttering, and we'll suggest that you make any necessary repairs. It's best to stage the home with attractive furnishings and décor that complement the space. [Learn more about selling]

Finding the right condo

I met a potential client who told me that she had been looking for two years for a condo.  She called me because she wanted to see a particular property in Belle View.  After establishing that she didn't have an agent, I showed her Belle View.   I practically had to drag her to see a property I thought she would like based upon her input. That property was Montebello, and she absolutely loved it and was amazed because she wouldn't have had a clue that Montebello existed if it wasn't for me.
exterior with shuttle
Shuttle bus
A few days later, she wanted me to tag along to another property that she had found at my property search site.  That prompted me to "set the record straight" with some frank talk. Obviously, I would love the opportunity to be of service to her. I appreciate and value each client and always need one more client. But there are limits to what I can and will do and this is for the protection of both the client and myself. When I take on a client it is because I know I can add value to my client's end of the transaction.  I add value by finding right property at the right price. As I have demonstrated to her and others, I know the condos of Northern Virginia very well. Additionally, I can be a pretty tough negotiator when the time calls. Thus, if a client allows me to represent him or her, I think it's important that I go with the client whenever the client views properties (with the possible exception of open houses).  So, to answer her first question, of course I want to go with a client when a client has interest in a property.  But, when I see someone who has been looking for two years, three years, and has probably burned through a couple of agents who threw their hands up in frustration, I think it is important establish a few facts. There are two primary reasons why a buyer takes a long time to select a property:
  1. The buyer either has unrealistic expectations; or
  2. The buyer does not have clearly defined goals.
When expectations are unrealistic, the best thing that I can do as an agent is to apprise buyers of reality and wish them well in their search. This is not because I'm a tough guy, but rather because it would ruin me a professional to chase the impossible. To use a metaphor, maybe bigfoot exists.  I've heard that people saw him.  But if I made my living as a game hunter, I'm not going to spend my time (the only thing I really have) trying to catch bigfoot.  I'll wish you well if you are looking for bigfoot, but I'll stick to game that I pull from the forest every single day. In this case, the buyer had a reasonable assessment of reality but she didn't really know what she was looking for. In other words, she didn't have clearly defined goals. The client's method for finding a condo was simple: she randomly searched the Internet and other media to identify prospects. She then visited the potential location and then moved on to something else. That method will use up a lot of time and energy.  I'm not saying the random selection method NEVER works, but in this case the client had already spent two years and hadn't found the right property. Obviously, a buyer needs to see some properties to get an idea of what is available.  But what doesn't make sense is to randomly shop units to find what you want.  Northern Virginia (Arlington, Alexandria, Fairfax County) is a huge metropolitan market. There are so many condominiums in Northern Virginia that a person won't be able to see them all. (Unless like me, the only thing you do is look at condos all day.) I told this client gently but firmly, what I thought made the most sense. I told her the truth.  That is, instead of the client leading me around and letting me open doors so she could find a condo, I would play the part of the expert. As an expert, I would asked pointed questions and listen carefully to her replies. In this way, we can define exactly what it is that the buyer is looking for.  Then, after we have established the goals, then it makes sense to begin touring the selections that I recommend. With each condominium we visit, I'll learn more about her needs and we'll get closer to the property that this client will eventually buy.
  1. Define goals.
  2. Refine goals.
  3. Buy.
Simple, effective and good for the client and the agent.

Properties in Focus

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

Great Falls Library

Great Falls Library is located at 9830 Georgetown Pike, Great Falls VA.  The library houses a collection of more than 70,000 items and has 9 Internet stations available for public use.  The library provides free wireless Internet access. The library has the following services:
  • Access Services --- Large-print books, magnifier, and ZoomText. Audio Loop available in the meeting room.
  • Display Cases --- 2 Children's Display Cases; one Community Display
  • Book Sale --- Ongoing, plus semi-annual sales in October and February.
  • Meeting Areas --- Meeting Room: capacity 155 (seated 72) Conference Room: capacity 8
  • Quiet Study Room --- 9 capacity