12 Ways a Realtor from Condo Alexandria Can Help You

Will Nesbitt
Will Nesbitt at Watergate at Landmark
1. Your Nesbitt Realty Realtor® can help you determine your buying power -- that is, your financial reserves plus your borrowing capacity. If you give a Nesbitt Realty Realtor® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders -- banks and mortgage companies -- offer limited choices. 2. Your Nesbitt Realty Realtor® has many resources to assist you in your home search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties. 3. Your Nesbitt Realty Realtor® can assist you in the selection process by providing objective information about each property. Agents who are Nesbitt Realty Realtors® have access to a variety of informational resources. Nesbitt Realty Realtor® can provide local community information on utilities,
Julie Nesbitt
your Realtor Julie Nesbitt
zoning. schools, etc. There are two things you'll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell? 4. Your Nesbitt Realty Realtor® can help you negotiate. There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required. 5. Your Nesbitt Realty Realtor® provides due diligence during the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your Nesbitt Realty Realtor® can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements
Stuart Nesbitt
Stuart Nesbitt
(access rights) for utilities. Your Nesbitt Realty Realtor®, title company or attorney can help you resolve issues that might cause problems at a later date. 6. Your Nesbitt Realty Realtor® can help you in understanding different financing options and in identifying qualified lenders. 7. Your Nesbitt Realty Realtor® can guide you through the closing process and make sure everything flows together smoothly. 8. When selling your home, your Nesbitt Realty Realtor® can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.
Realtor Ron Ginyard
Ron Ginyard has the experience you need to successfully realize your real estate goals.
9. Your Nesbitt Realty Realtor® markets your property to other real estate agents and the public. Often, your Nesbitt Realty Realtor® can recommend repairs or cosmetic work that will significantly enhance the salability of your property. Your Nesbitt Realty Realtor® markets your property to other real estate agents and the public. In many markets across the country, over 50% of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer. Your Nesbitt Realty Realtor® acts as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service or other cooperative marketing networks, open houses for agents, etc. The Realtor® Code of Ethics requires Nesbitt Realty Realtor® to utilize these cooperative relationships when they benefit their clients. 10. Your Nesbitt Realty Realtor® will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your Nesbitt Realty Realtor®, you do not have to allow strangers into your home. Your Nesbitt Realty Realtor® will generally prescreen and accompany qualified prospects through your property. 11. Your Nesbitt Realty Realtor® can help you objectively evaluate every buyer's proposal without compromising your marketing position.
Dillon Lee
Dillon Lee
This initial agreement is only the beginning of a process of appraisals, inspections and financing -- a lot of possible pitfalls. Your Nesbitt Realty Realtor® can help you write a legally binding, win-win agreement that will be more likely to make it through the process. 12. Your Nesbitt Realty Realtor® can help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. Your Nesbitt Realty Realtor® is the best person to objectively help you resolve these issues and move the transaction to closing (or settlement). For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.

Do you need a rental agent?

Equal Housing OpportunityAdvice is always free.

Condo Alexandria agents are available by phone consultation most days and will gladly provide information found on this website and advice over the phone free of charge. At no additional charge, Condo Alexandria can process and forward your application to the landlord at any time. Call us at 703 765 0300 if you have questions or need advice.
Stuart Nesbitt is a Realtor
"I care about my clients and enjoy making their dreams come true."
Condo Alexandria invites you to employ our expertise if you have an immediate and specific rental need. If you choose Condo Alexandria to represent your interests, your agent will work with you and not for any particular landlord or condo association and best of all there is no charge to you the tenant.

The landlord has an agent. Do you?

The landlord is represented by a "listing agent" who works to sell the lease and represent the landlord. Listing agents are motivated to represent a specific property rather than any particular renter. In our capacity as rental agents, Condo Alexandria works for the renter. Our services are most useful to renters who need or want an expert opinion to find the best rental for a specific and immediate need. Our agents already know the area. We don't need to drive across town to know what's there.  If you have a question about a specific community, there is a good chance we've already been there. As your agent, Condo Alexandria will search through thousands of listings and then take you to rentals that best suit your budget, commute, preferences and needs.

Some renters don't need an agent.

If you're the type of renter who doesn't mind the risk of putting yourself at the mercy of the apartment buildings and listing agents; or if you're already a real estate pro, then you might not need a rental agent. You don't need a rental agent if:.
  1. you don't need an expert to represent your side of the transaction;
  2. you're not moving within 45 days;
  3. you don't need any expert advice about what's available in Northern Virginia.
Renters who do not need or want any representation can by-pass Condo Alexandria and contact the listing agent to view properties listed on our website.  The listing agent is found on our website at the bottom of each listing.

Who needs a rental agent?

Cameron Station You need a rental agent only if:
  1. you want an advocate for  your rights and your application;
  2. you're moving within the next 45 days;
  3. you want an expert opinion in your home search.
Our clients tell us what they want, and we find that rental (if it exists).

Touring properties in Northern Virginia

Condo Alexandria agents are eager to serve you and we appreciate the opportunity to be of service. Our website and advice is free of charge and without obligation.  However we will only tour properties with clients. We require our rental clients pay a  retainer which is  fully refunded if and when you sign a lease to rent any property that is in the Multiple Listing Service or our website.* We invite you to interview a Condo Alexandria agent today. Condo Alexandria can help you find the best fit for your budget, your commute, your wants and your needs.  If we can't add value to your transaction, we'll refuse your money and give you what advice we can for free. Tenant Representation Agreement * This retainer will not be refunded in the event the client chooses to rent a property not listed in the MLS, if the client chooses not to rent at all or if the client chooses to work with another agent to complete the transaction.
The U.S. Courthouse in Alexandria
Federal courthouse in Alexandria

Stay Within Your Budget

The first step for any renter is to establish a realistic budget. Without a budget you will not be able to make an informed decision about the type of property in {Location_Name} that you are able to afford, and you may eventually find yourself struggling to pay your rent. When drawing up a budget you need to consider your fixed costs. These are payments that must be made monthly and they cannot be altered. You need to subtract your fixed costs from your monthly income. These could include car insurance, travel costs, school fees, and debt repayments. Then, you should also subtract your living expenses such as food, entertainment, and medical bills. Once you have subtracted all these costs, you will be able to determine the amount that you have available to spend on rent per month. It is important to be realistic when you draw up  your monthly expenses; and it is a good idea to include an additional amount to be set aside for emergencies, savings, and unexpected expenses. Once you have a clear idea of your rental budget, you may then start looking for a property that suits both your lifestyle requirements and is within your budget. This is a good time to contact a Rental Agent. Rental Agents have access to all the available rentals. They can ensure that you get good value for money; and best of all, they cost the renter nothing. [Learn more.] For more information or to set up an appointment call Stuart at (703)765-0300.

What is the MLS?

Most people have heard of the MLS, but many are unclear as to exactly what it is. MLS stands for Multiple Listing Service.
The MLS is a database of homes listed for sale.
The Multiple Listing Service is probably your best tool as a home buyer and your best friend as a home seller. But what exactly is the MLS?

The MLS is a database.

In the old days MLS databasing was done on filing cards and notebooks. Today that information is aggregated on computers. MLS data includes information about what properties are for sale and certain details about those properties such as condo amenities, number of bedrooms, garage parking. Almost everything you'd want to know about a given property is cataloged on the MLS. Much of that information is public, such as the selling price and the address. Some of that information is private, or reserved for those who have professional access to the MLS. For example, real estate agents know which properties are vacant. The general public doesn't need to know this information as sharing that information might pose a risk to some property owners. Yes, the MLS is a database, but it is also something more.

The MLS is a marketplace.

The collection of information on the MLS serves as the primary repository of details about real estate for sale or rent. MLS data is the foundation for most websites, and it is the primary reference point for most real estate professionals. As properties are contracted and sold, the data is constantly updated. Today, most agents and websites have data that is practically up to the minute. The MLS is not free, but it's free to you the consumer. Agents and brokers pay fees for access to MLS data and to fees to maintain and improve the system. Professionals like me make that data available to the public for the purpose of helping buyers and sellers connect.

The MLS is a tool.

Like all tools, the MLS gives the best results when wielded by a professional. (More on this below.)

The MLS is for sellers.

Home sellers want access to the maximum number of buyers, in the most cost effective manner. When compared to the expense of newspaper, radio or other ads, the MLS is incredibly targeted and very affordable. The professionals who use this data will only bring qualified buyers shopping for property in your price range. It doesn't get better than that. When a seller chooses a real estate agent with MLS access, the seller's sales force is equal to the number of agents who are using the MLS. The larger pool of prospective buyers the greater the chance that the property will sell quickly and for a fair market value.

The MLS is for buyers.

The MLS makes home shopping extremely convenient. MLS data does not cost the buyers a dime. Thanks to the internet and sites like NesbittRealty.com you can search MLS listings 24 hours a day 7 days a week. Many consumers find that a "self-search" through the MLS is a good starting point for finding the right home.

A real estate agent is for you.

In the old days consumers needed an agent to help them look through the data. These days its easy for the public to access most of the data available. So, you can do it yourself. But if you try to find a home on your own or you try to sell without an agent, you'll quickly discover why most people choose to employ a professional. It's true: you could probably cut your own hair, change your oil filter and fill your own cavities. But why would you? These days the problem isn't that the data is hard to find. The data is often up to the minute. These days, the problem is that there is too much data. Buyers are overwhelmed with choices. Sellers are drowned out by the noise of available information. That's one reason why when it's time to get serious about buying or selling, a real estate professional can help guide you through the process.

Most agents know the tricks and secrets of the MLS.

As an agent, I have access to more complicated tools and search processes not available to the consumer. I work with the MLS every single day. The MLS is one of the most important tools in my toolbox. Once you have an idea of what you want to accomplish, I can employ the MLS in ways that you haven't imagined.

Properties in Focus

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

How are rental agents paid?

I just received this:

I am a student interested in the field of real estate. I understand that a real estate agent makes money on the sale of a property based upon a percentage of the final sale price. I was wondering how a real estate agent makes money on a lease of a rental property?

Thanks for the help, Jim

A landlord lists his property with a real estate agent for a number of reasons. The landlord benefits from the agent's experience and connections, but also because the agent has access to the MLS (or Multiple Listing Service) and other venues for promoting the rental property. There are many ways that a rental listing can be charged, but most usually the landlord agrees to pay a portion of the first month's rent to the listing agent.  The more the rent, the higher the commission paid.  Landlords are generally happy to pay this because a listing agent saves them time and money (as compared to ads in the paper plus dealing with calls from unqualified renters). If the renter has his own agent, the listing agent will pay a predetermined portion of the commission to the selling agent (as the renter's agent is called).  Please let me know if this helps.

Why buy a home in {Location_Name}?

As found in a Realtor.com® survey of more than 1,000 home shoppers, many young adults are being pushed towards owning a home due to the increasing rentals costs, with 23 percent of those between the ages of 18 and 34 citing rising rents as a trigger for purchasing a home. Realter.com®'s chief economist Danielle Hale explains that even in the current unique housing market with low inventory and high prices, most shoppers still want some classic features. Older home-buyers desire privacy and the ability to age comfortable while millennials emphasize family needs, stability, and personal expression. For more information or to set up an appointment call Stuart at (703)765-0300.