Central Green Park, part of Laurel Hill Park in Lorton, officially opened with a commemorating ribbon-cutting ceremony on June 25; the area was previously opened for public use in September 2020۔ Fairfax County Supervisor, Dan Storck, told those gathered, “This whole park area was a ‘figment of imagination’… a conception plan approved 20 years ago.” Continue reading
Fairfax County Parks Authority Acquires Brzezinski Family Acreage
A plot of land located near the intersection of Spring Hill Road and Old Dominion Drive and once owned by news anchor Mika Brzezinski’s family is now owned by Fairfax County Parks. The 5.45-acre lot in McLean, Virginia, was acquired with the intention of preserving open space and creating a future community park. Continue reading
Worksheet On Calculating Capital Gains In Alexandria
The difference of what you paid for the stock and how much was earned for the sale is the amount of tax that you owe when selling a stock in Alexandria. In home sales, the same rules are applied, but with additional considerations.
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Condominiums In Alexandria
Alexandria has gained a lot of improvement in the past years that we started to see high-rise buildings and condominiums starting to pop out everywhere.
Some of us might not be fully aware of what a condominium is and how it is different with other forms of shelter. A condominium is a housing unit that is found in a large building. This large building is divided into smaller spaces which are often called condominium units. These condominium units are owned by individuals who purchase a unit in a specific condominium.
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7 Reasons To Work With Nesbitt Realty In Fairfax County
The team at the Nesbitt Realty in Fairfax County aren’t just real estate agents. They’re professional and subscribe to the strict code of ethics of National Association of Realtors. Given below are the reasons why should home buyers in Fairfax County consult and work with Nesbitt Realty.
Ethical Treatment
Every agent at Nesbitt Realty in Fairfax County must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a client of Nesbitt Realty, you can expect honest and ethical treatment in all transaction-related matters. The first obligation is to you, the client.An Expert Guide
Buying a home in Fairfax County usually requires dozens of forms, reports, disclosures, and other technical documents. The knowledgeable experts at Nesbitt Realty will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.Objective Information And Opinions
Nesbitt Realty can provide local information on utilities, zoning, schools, and more in Fairfax County. They also have objective information about each property. Nesbitt Realty can use that data to help you determine if a certain property in Fairfax County has what you need. By understanding both your needs and search area, they can also point out neighborhoods you don’t know much about but that might suit your needs better than you’d thought.Expanded Search Power
Sometimes properties are available but not actively advertised. Nesbitt Realty can help you find opportunities in Fairfax County not listed on home search sites and can help you avoid out-of-date listings that might be showing up as available online but are no longer on the market.Negotiation Knowledge
There are many factors up for discussion in a deal. Nesbitt Realty will look at every angle from your perspective, including crafting a purchase agreement that allows enough time for you to complete inspections and investigations of the property in Fairfax County before you are bound to complete the purchase.Up-To-Date Experience
Most people buy only a few homes in Fairfax County in their lifetime, usually with quite a few years in between each purchase. Even if you’ve done it before, laws and regulations change. Nesbitt Realty handles hundreds of transactions over the course of their career.Your Rock During Emotional Moments
Your home in Fairfax County is so much more than four walls and a roof. And for most people, the property represents the biggest purchase they’ll ever make. Having a concerned, but objective third party like Nesbitt Realty helps you stay focused on the issues most important to you.Properties in Fairfax County
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10 Tips for Successful Real Estate Property Investment
Just because real estate prices seem to have hit a temporary ceiling in many countries around the world, that doesn’t mean that profits from property investments are hard to come by.
Even during a real estate market slowdown, stagnation or depression profits can be made locally and overseas. This article shows you the top ten tips that real estate investors apply to their property portfolio building strategy to ensure success from their investments.
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9 Tips for Buying a Home Without Breaking the Budget
If you want to buy a home, but aren’t sure if your budget can handle soaring real estate prices, we’ve got good news. There are things you can do to stretch your buying power. With the help of your real estate agent – and these 10 tips – you can become a savvy home buyer without breaking your budget. We'll also tell you how to save thousands on your purchase!
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Understanding Agency Relationships
It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transaction. Ask what type of agency relationship your agent has with you:
Seller's representative (also known as a listing agent or seller's agent)
A seller's agent is hired by and represents the seller. All fiduciary duties are owed to the seller. The agency relationship usually is created by a listing contract.
Buyer's representative (also known as a buyer’s agent)
A buyer’s agent is hired by prospective buyers to represent them in a real estate transaction. The buyer's rep works in the buyer's best interest throughout the transaction and owes fiduciary duties to the buyer. The buyer can pay the licensee directly through a negotiated fee, or the buyer's rep may be paid by the seller or through a commission split with the seller’s agent.
Subagent
A subagent owes the same fiduciary duties to the agent's customer as the agent does. Subagency usually arises when a cooperating sales associate from another brokerage, who is not the buyer’s agent, shows property to a buyer. In such a case, the subagent works with the buyer as a customer but owes fiduciary duties to the listing broker and the seller. Although a subagent cannot assist the buyer in any way that would be detrimental to the seller, a buyer-customer can expect to be treated honestly by the subagent. It is important that subagents fully explain their duties to buyers.
Disclosed dual agent
Dual agency is a relationship in which the brokerage firm represents both the buyer and the seller in the same real
estate transaction. Dual agency relationships do not carry with them all of the traditional fiduciary duties to clients. Instead, dual agents owe limited fiduciary duties. Because of the potential for conflicts of interest in a dual-agency relationship, it's vital that all parties give their informed consent. In many states, this consent must be in writing. Disclosed dual agency, in which both the buyer and the seller are told that the agent is representing both of them, is legal in most states.
Designated agent (also called appointed agent)
This is a brokerage practice that allows the managing broker to designate which licensees in the brokerage will act as an agent of the seller and which will act as an agent of the buyer. Designated agency avoids the problem of creating a dual-agency relationship for licensees at the brokerage. The designated agents give their clients full representation, with all of the attendant fiduciary duties. The broker still has the responsibility of supervising both groups of licensees.
Nonagency relationship (called, among other things, a transaction broker or facilitator)
Some states permit a real estate licensee to have a type of nonagency relationship with a consumer. These relationships vary considerably from state to state, both as to the duties owed to the consumer and the name used to describe them. Very generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of an agency relationship.
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Are you buying a house or a home?
When I'm talking to clients about real estate, I find that the biggest difference between a house and a home---or a condo and a home---is that a home is where you live or where you will live.
A house (or condo) is where the other guy lives. When a potential client refers to a property as a home, there is a good chance that the client is considering buying the property. When a client refers to his own home as a home, he indicates an emotional attachment to the property that may make it hard to think rationally when considering all factors regarding the sale of this marketable commodity. If you think of your home as a house or just a condo, then you're already emotionally ready to move on to the next place.
For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.
3 Reasons to Sell Now
Selling a property in this tough market can seem like a challenge. Here are rhee factors that actually make this a good time to post a For-Sale sign.
- Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape.
- Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business.
- The best time to sell is when you need to sell. The worst time to sell is when you're trying to guess a market.