The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home in Fairfax County.
Appreciation
Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each year from 1972 through 2014, according to the National Association of REALTORS®. The recent housing crisis has caused some to question the long-term value of real estate, but even in the most recent 10 years, which included quite a few very bad years for housing, values are still up 7.0 percent on a cumulative basis. In addition, the number of U.S. households is expected to rise 10 to15 percent over the next decade, creating continued high demand for housing in Fairfax County.
Equity
Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home in Fairfax County.
Savings
Building equity in your home in Fairfax County is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
Predictability
Unlike rent, your fixed-rate mortgage payments don’t rise over the years. So, your housing costs may actually decline as you own the home longer in Fairfax County. However, keep in mind that property taxes and insurance costs will likely increase.
Freedom
If you buy a home in Fairfax County, the home is totally yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.
Stability
Remaining in a neighborhood like Fairfax County for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.
Properties in Fairfax County
Welcome Home! Discover unparalleled luxury in the heart of McLean, Virginia with this newly constructed 7-bedroom, 7.
5-bathroom home nestled within the charming Broyhills McLean Estates. Offering an exquisite blend of space, elegance, and modern convenience, this residence is a masterpiece of contemporary living. Laid out thoughtfully by no other than reputable design and build contractor Bella Home Design. From the moment you walk through the front door you will feel right at home! The picturesque formal dining & living room invites you into the property and leads you into the Great Room. The Great Room & Gourmet Kitchen are absolutely flooded with natural light. The kitchen is truly an entertainer/chef's DREAM, with oversized island, oversized custom pantry and butler pantry with high-end stainless steel appliances, custom cabinets, quartz countertops & backsplash. The automated light up stairway leads and tall windows by the stunning staircase bring the scene indoors and make the open layout with 10-ft ceilings and gorgeous hardwood floors even more dramatic. You are guided by the custom light staircase to the upper floor which boasts four generously sized bedrooms, each with its own en suite bathroom and walk-in closet, ensuring the utmost comfort and privacy. Additionally, a spacious laundry room simplifies the daily tasks of life. Outside, a grilling deck and a screened porch invite you to entertain guests and unwind in a private oasis. These spaces are perfect for enjoying the beautiful evening entertaining family & friends. The fully finished basement is a haven of entertainment and relaxation, featuring two additional bedrooms with en suite bathrooms, a media room, a recreation room, fireplace and a wine cellar. This area is tailor-made for hosting parties and family gatherings. Don't miss your chance to call this exceptional residence your dream home. Schedule a showing today and experience the epitome of modern luxury living. [Broyhills McLean Estates - $2,895,000]
This 7,000+ square-foot home on a wooded, one-acre lot offers unparalleled space and privacy, with high ceilings, hardwood floors, and wide sky, forest views in nearly every room.
The home's 9 bedrooms, 6 bathrooms, 4-car garage, 3 fireplaces, and 2 full kitchens provide a variety of options, with an optional separate living area offering a private entrance, garage, kitchen, washer and dryer, and utility metering. [Reston - $1,925,000]
Beautifully renovated rambler in amazing location in south Alexandria! House has been stylishly renovated from top to bottom, including a new roof, brand new kitchen with shaker cabinetry, stainless steel appliances, and quartz countertops.
Open concept living/dining/kitchen area perfect for entertaining. Three bedrooms on main level, including two fully updated bathrooms (including primary bath) with stylish new tile, vanities, lighting, and plumbing fixtures. Basement includes brand new carpet, updated full bathroom, and beautiful built-ins in the rec room. Detached garage with new garage door and opener. Large backyard deck with partially covered area, as well as an open air section. Located just minutes from shopping and dining in Hybla Valley, Kingstown, and easy access to commuter roads, schools, and more! Brand new electrical panel. [Country Club Estates - $699,900]
Beautiful Home, Very Well Maintained, Open Floor Plan, Great Family Room, Kitchen and Dinning Room.
Good Size 3 Bedrooms and 2 Baths. Two Bonus rooms and Two outdoor storage units. Huge Kitchen Island. Beautiful double door entrance, Wonderful Backyard. This house is a must see. Conveniently located near major highways. Rent back request till June 15, 2024 PROPERTY IS OCCUPIED AND MONITORED THROUGH CAMERA. No Trespassing allowed [Edsall Park - $599,000]
Welcome to this Luxurious Retreat of Unparalleled Elegance! Nestled on a meticulously landscaped 0.
17-acre lot, this magnificent 6 bedroom, 5.5 bath former model home is better than new construction! As you step into the grand foyer, you're greeted by the formal living room, where tray ceilings, recessed lighting, and tastefully adorned decorative panels create an ambiance of pure refinement. Sliding glass doors beckon you towards the tranquil outdoor sanctuary. Adjacent to the living room, an elegant dining area awaits, complete with a dazzling chandelier and matching decorative panels. Prepare to be captivated by the oversized gourmet kitchen, a culinary enthusiast's dream. The expansive island with bar seating, quartz countertops, and an abundance of cabinetry offer both style and functionality. Stainless steel appliances, a pantry, and a butler's pantry cater to your every culinary need. The breakfast area, bathed in natural light, provides a breathtaking view of the lush backyard, making mornings truly magical.
The sun-drenched great room, adorned with a stone accent fireplace, offers a warm and inviting space to relax and entertain. Large windows flood the room with light, and a seamless connection to the deck ensures that indoor and outdoor living blend harmoniously.
Retreat to the exquisite primary bedroom suite, where two walk-in closets and an en-suite bathroom featuring a dual vanity sink and a step-in shower await your daily indulgence. The main level also offers a bedroom, perfect for one-level living, complete with a generous closet and a private bathroom. Venture to the upper level, where a recreation area and three additional bedrooms await. Large windows in each room invite natural light, and ample closet space ensures organization and convenience. Two bedrooms share a Jack and Jill bathroom, and the third bedroom features a private bathroom.
The expansive walkout lower level extends the luxury, with a recreation area, a sixth bedroom, a full bathroom, and a generously sized office space (or optional gym). A wet bar and another full bathroom complete the lower level, providing endless possibilities for relaxation and entertainment. Sliding doors lead to the patio, creating a seamless transition to the serene outdoors.
Outside, your private oasis features a deck, a patio, and a spacious backyard that backs onto a verdant forest, ensuring privacy and tranquility. A two-car attached garage makes parking a breeze. It is close to major commuter routes including Roberts Pkwy, Fairfax County Pkwy, Rt. 123, Braddock Rd, Guinea Rd, and I-495.
This remarkable property is priced right and showcases its beauty at every turn. Don't miss the chance to experience the epitome of luxury living. Welcome to your new home! [Burke Junction - $1,697,000]
Charming Tudor with partial river views in the always desirable Belle Haven! Terrific location in this iconic neighborhood with a deep, private lot.
This classic and elegant home features a large separate dining room and equally spacious living room opening to a beautiful stone study. The kitchen is conveniently located in the rear of the home and a half bath is perfectly situated for guests. The second floor has three generously proportioned bedrooms and one full bath. A set of permanent stairs from one of the bedrooms leads to a third-floor attic with loads of future possibilities. The view of the river from the front of the home only increases as you go up! This Belle Haven home has tons of possibilities but it stands as a charming home with large room sizes and beautiful hardwood floors throughout. A full basement allows for tons of extra storage and laundry while the back yard is spacious enough for an addition and/or a garage. An excellent location in Belle Haven that is close to Old Town Alexandria and the popular GW Memorial bike trail. Easy drive to Reagan National airport, the Pentagon and Capitol Hill. [Belle Haven - $949,000]
Two bedrooms with a DEN !! Lower level unit with a gorgeous view of the pond that has a fountain and you can enjoy this view from most all rooms in the condo.
There is a secondary access directly to lower floor on side of building. This unit has been completely renovated due to a fire on a upper level, it was gutted and completely rebuilt including windows, fireplace, drywall, and doors. . The den gives this condo the extra space needed for your comfort. Living room has a gas fireplace which is open to dining room and kitchen. Kitchen has new natural wood kitchen cabinets with quartz countertops and stainless steel appliances. Bathrooms with new tile and quartz countertops. Luxury vinyl flooring throughout. Washer/dryer in unit. [Christopher At Cedar Lakes - $430,000]
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®.
Gambrel roof in Waynwood
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1 percent above March 2009 when it was 85.0; this follows an 8.3 percent increase in February. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, said favorable affordability conditions have been working with the tax credit. “Clearly the home buyer tax credit has helped stabilize the market. In the months immediately following the expiration of the tax credit, we expect measurably lower sales,” he said. “Later in the second half of the year, and into 2011, home sales will likely become self-sustaining if the economy can add jobs at a respectable pace, and from a return of buyer demand as they see home values stabilizing.”
Regional Numbers
* The PHSI in the Northeast declined 3.3 percent to 75.1 in March, but remains 27.2 percent higher than March 2009.
* In the Midwest the index increased 1.2 percent to 98.9 and is 18.5 percent above a year ago.
* Pending home sales in the South jumped 12.7 percent to an index of 121.2, which is 28.3 percent higher than March 2009.
* In the West the index rose 1.9 percent to 99.9 and is 8.8 percent above a year ago.
“Another encouraging sign is the improvement in the availability for jumbo and second-home mortgages,” Yun said. “As bank balance sheets strengthen, it is just a matter of time before lending of non-government-backed mortgages steadily opens up.”
Source: NAR
Julie is a Realtor serving Northern Virginia
Real estate agents act as go-betweens for buyers and sellers of real estate property. With certain exceptions, anyone who assists with the sale of real estate in the Commonwealth of Virginia is required to be licensed by the state. Each and every real estate agents must be affiliated with a real estate broker. A broker is a real estate profession who has higher educational requirements and who has a minimum of three years of full-time experience as a real estate agent. A realtor is a real estate agent or broker who is a member of the National Association of Realtors. As a realtor, agents and brokers agree to ascribe to a high standard of ethics and participate in continuing education programs.
In most cases, a real estate agent works for one party, either the buyer or seller, renter or landlord. The agent uses his or her specialized training to best represent the clients' best interests. In some cases, the agent will work in a dual capacity representing both sides of the transaction. In all cases, the agent's first duty is to truth and honesty. But when you choose a real estate agent, don't be afraid to ask about what obligations state law imposes.
Some agencies have up-front fees or retainers. It's okay to shop around and to interview several agents and agencies to find the one that you feel most
comfortable working with, but it's only fair to the agent and to yourself to settle on one agent to sell or buy a home. Although it is your right and duty as a consumer to shop around, it is unethical and unfair to work with more than one agent at a time. An experienced agent will always ask if you already have representation. This way the agent won't waste his time or accidentally interfere with the relationship you already have.
For more information or to set up an appointment call Julie at (703)765-0300.
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!
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.
All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS(r) are properly called REALTORS(r). They proudly display the REALTOR "(r)" logo on the business card or other marketing and sales literature. All agents and brokers at Condo Alexandria are Realtors. REALTORS(r) are committed to treat all parties to a transaction honestly. REALTORS(r) subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTOR(r) again.
Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR(r).
According to the National Association of Realtors:
A real estate agent is a REALTOR® when he or she is a member of the NATIONAL ASSOCIATION OF REALTORS®, The Voice
for Real Estate® -- the world's largest professional association.
The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of
the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.
Founded in 1908, NAR has grown from its original nucleus of 120 to today's 720,000 members. NAR is composed of residential
and commercial REALTORS®, who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. Members belong to one or more of some 1,700 local associations/boards and 54 state and
territory associations of REALTORS®. They can join one of our many institutes, societies and councils. Additionally, NAR offers members the opportunity to be active in our appraisal and international real estate specialty sections.
REALTORS® are pledged to a strict Code of Ethics and Standards of Practice. Working for America's property owners, the National Association provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property.
Our agents are abides by this Code of Ethics and Standards of Practice. We strive to give our clients value by staying current and knowledgeable about the sales and purchase process. We also constantly increase and improve our knowledge of Northern Virginia's communities, amenities and condominiums.
For more information or to set up an appointment call Julie at (703)765-0300.
Julie Nesbitt
Julie Nesbitt knows the back trails and by-ways of Northern Virginia real estate.
Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…
A real estate agent is a professional licensed to buy, sell and manage real estate for a fee on the behalf of others. Not all real estate agents are REALTORS. A broker is a real estate agent who has reached a higher educational standard and who accepts certain additional responsibilities commensurate with this level of licensing. The term "Realtor" is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors.
A real estate agent or broker who joins the National Association of Realtors is a Realtor. The National Association of Realtors (NAR) claims to be world's largest professional association. The single biggest distinction between a real estate agent and a Realtor is that all Realtors agree to abide by a strict Code of Ethics. From their voluntary adherence to a Code of Ethics to their incomparable knowledge of real estate processes, Realtors are the experts of residential and commercial property transactions.
A broker has a higher experience level and higher educational requirement than an agent, but both are Realtors.
Founded in 1908, National Association of Realtors has grown from its original nucleus of 120 members to more than 1 million today. National Association of Realtors is composed of Realtors who are involved in residential and commercial real estate as brokers, salespeople, property managers, appraisers, counselors, and others who are engaged in all aspects of the real estate industry.
Realtors belong to one or more of 1,700 local associations/boards and 54 state and territory associations of Realtors and can join one of our many institutes, societies, and councils. Brokers and agents of Condo Alexandria are members of the Northern Virginia Association of Realtors. Additionally, National Association of Realtors offers members the opportunity to be active in our appraisal and international real estate specialty sections. Realtors are pledged to a strict Code of Ethics and Standards of Practice.
Working for America's property owners, the National Association of Realtors provides a facility for professional development, research, and exchange of information among its members. Condo Alexandria agents and brokers take advantage of educational opportunities with the National Association of Realtors and the Northern Virginia Association of Realtors to continue expanding our knowledge of all aspects of real estate related expertise.
For more information or to set up an appointment call Stuart at (703)765-0300.
Real estate agents are go betweens for buyers and sellers for real estate property.
All real estate agents have to be licensed by their state or such as of the Commonwealth of Virginia.
Every real estate agent has to be affiliated with a real estate broker. A broker is a real estate profession with higher educational requirements and a minimum of 3 years of full time real estate experience.
A realtor and broker have to be a member of the National Association of Realtors.
Both realtors and brokers agree to follow the high standards of ethics and participate in any continuing education programs.
A real estate agent represents a buyer or seller, renter or landlord, having their best interest at heart.
Agents can work in a dual capacity in certain circumstances representing both parties.
A real estate agent’s duty is to truth and honesty and will explain what obligations state law imposes.
It is alright for you to shop around and decide on which agents and agencies you could work with comfortably, it is fair and ethical that you work with only one agent to help you buy or sell your home. This is the reason why real estate agents will ask you if you already have representation prior to working with you.
For more information or to set up an appointment call Julie at (703)765-0300.
Nesbitt Realty is a family-business and we are ready to serve you.
The ABR acronym is short for Accredited Buyer Representative. The Accredited Buyer’s Representative (ABR®) designation is designed for real estate buyer agents who focus on working directly with buyer-clients. When you work with an Accredited Buyer's Representative you know that your rights are represented by a professional agent who is trained and experienced in handling the needs of buyers. There are four requirements which a real estate agent must meet to attain and use the ABR® designation:
Previous and documented experience representing the needs of buyers and experience actually closing real estate sales.
Successful completion the Accredited Buyer’s Representative (ABR®) Designation Course.
Successful completion of one of the ABR® elective courses.
Membership in good standing in the Real Estate Buyer’s Agent Council (REBAC) and the National Association of REALTORS®.
Julie is on the rooftop deck at the Waterview in Rosslyn VA. Julie is an Accredited Buyer's Representative.
A real estate agent is a professional licensed to buy, sell and manage real estate for a fee on the behalf of others. Not all real estate agents are REALTORS. A broker is a real estate agent who has reached a higher educational standard and who accepts certain additional responsibilities commensurate with this level of licensing. The term "Realtor" is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors.
A real estate agent or broker who joins the National Association of Realtors is a Realtor. The National Association of Realtors (NAR) claims to be world's largest professional association. The single biggest distinction between a real estate agent and a Realtor is that all Realtors agree to abide by a strict Code of Ethics. From their voluntary adherence to a Code of Ethics to their incomparable knowledge of real estate processes, Realtors are the experts of residential and commercial property transactions.
When you work with an Accredited Buyer's Representative you know that your rights are represented by a professional agent who is trained and experienced in handling the needs of buyers. There are four requirements which a real estate agent must meet to attain and use the ABR® designation:
