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Hunting for a new home online is a great place to start your search, but it should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture of home listings online, keep the following three things in mind.

Stay up to date. When you start your search, make sure you find a site that pulls up-to-date listings directly from the multiple listing service (MLS) where real estate agents actively post their most current homes for sale. Many online resources update less often or fail to remove listings that are off the market, making it more difficult to sort through the clutter.
Pictures can be deceiving. Real estate photographers are experts at showing a home in the best possible light. Many use tools and strategies to boost appeal, such as a fisheye lens to make areas look larger and creative editing to make colors and textures really pop. But, often listings will not contain photos of unappealing parts of the home, like small closets or outdated bathrooms.
See it to believe it. Once you find what appears to be your dream home online, call up your RE Smart Agent 703-361-5100 and schedule a showing. You want to take the opportunity to vet the home in person and explore every part of it before beginning the offer process. Your real estate agent will help you cover all your bases and will ask questions you may not have thought of.

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders.

But there can actually be financial benefits to putting down a small down payment—as low as three percent—rather than parting with so much cash up front, even if you have the money available.

THE DOWNSIDE

The downsides of a small down payment are pretty well known. You’ll have to pay Private Mortgage Insurance for years, and the lower your down payment, the more you’ll pay. You’ll also be offered a lesser loan amount than borrowers who have a 20-percent down payment, which will eliminate some homes from your search.

THE UPSIDE

The national average for home appreciation is about five percent. The appreciation is independent from your home payment, so whether you put down 20 percent or 3 percent, the increase in equity is the same. If you’re looking at your home as an investment, putting down a smaller amount can lead to a higher return on investment, while also leaving more of your savings free for home repairs, upgrades, or other investment opportunities.

THE HAPPY MEDIUM

Of course, your home payment options aren’t binary. Most borrowers can find some common ground between the security of a traditional 20 percent and an investment-focused, small down payment. Your trusted real estate professional can provide some answers as you explore your financing options. Give us a Call 703-361-5100 we can guide you!

We Value your Safety and Ours! in this difficult times we all need to be together and protect our families; however we still have an obligation to you, this is why we have implemented the following steps to keep working for you without putting your health at risk:

1- We Have Gone Virtual! We keep showing and advertising your home by virtual tours, when requested we can also show your home via skype, facetime, facebook messanger or google hang out to name a few.

2- To Avoid the virus and prevent it from spreading we ask our clients before any meeting whether they have experienced any COVID-19 Symptoms before agreeing to meet with them.

3- We limit the number of people that can come to see your home to a max of 2, we encourage our clients to be conscious of the challenges that come with showing a property, specially when the owners are still living in the house.

4- One of top recommendations for combating the virus that we have seen everywhere is washing your hands, so we ask our clients to wash their hands as soon as they enter a house, we also have disinfecting wipes with us at all time, and only we (Realtors) open doors and drawers and use our wipes to do it and disinfect surfaces as we leave the house.

If you have any questions about our virtual or private tours please call us 703-361-5100

Your Guide to the Home Appraisal

You’ve found your dream home and now it’s time to cross all your T’s and dot all your I’s before it’s all your own. And one of the first items on your closing checklist the home appraisal. So, what exactly is that?

The home appraisal is essentially a value assessment of the home and property. It is conducted by a certified third party and is used to determine whether the home is priced appropriately.

During a home appraisal, the appraiser conducts a complete visual inspection of the interior and exterior of the home. He or she factors in a variety of things, including the home’s floor plan functionality, condition, location, school district, fixtures, lot size, and more. An upward adjustment is generally made if the home has a deck, a view, or a large yard. The appraiser will also compare the home to several similar homes that were sold within the last six months in the area.

The final report must include a street map showing the property and the ones’ compared, photographs of the interior and exterior, an explanation on how the square footage was calculated, market sales data, public land records, and more.

After it is complete, the lender uses the information found to ensure that the property is worth the amount they are investing. This is a safe-guard for the lender as the home acts as collateral for the mortgage. If the buyer defaults on the mortgage and goes into foreclosure, the lender generally sells the home to recover the money borrowed.

Whether it’s your first time buying or you just want to purchase something smaller, townhouses and condos are both great options. Check out the differences between the two to help aid you in your search!

Condominiums

Condominiums are similar to apartments in that you purchase an individual unit inside of a larger building, but not the property it sits on. This generally includes access to the building’s amenities, such as the clubhouse, pool, and gym. However, condo owners are not responsible for the upkeep and repair of these common areas. Because of the number of shared spaces, living in a condo often allows for meeting new people and building a strong sense of community. There is a fairly similar vetting process for loan approval as for a full-sized home; however, the lender will also look at the health of the condo association.

Townhouses

Those who purchase a townhome are generally purchasing the complete unit, both inside and out, including the land it sits on. This might also include the driveway, yard, or roof. Traditionally, these units are two- or three-stories tall and may also include common areas like pools and parks. Townhome owners pay a fee to a homeowners association every month and the loan process is the same as buying a full-sized home.

Which is the best choice?

Both townhomes and condos offer less maintenance than a traditional home and generally offer great shared areas. Your decision ultimately comes down to you and your family’s needs and wants. Things you’ll want to take into consideration include location, lifestyle, family growth, and price.

If yu are thinking on buying and have ore questions, feel free to give us a call 703-361-5100 or send us a message!

When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area. Here are five criteria to look for in a sales comparison.

Location: Homes in the same neighborhood typically follow the same market trends. Comparing your home to another in the same neighborhood is a good start, but comparing it to homes on the same street or block is even better.

Date of sale: It varies by location, but housing markets can see a ton of fluctuation in a short time period. It‘s best to use the most recent sales data available.

Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.

Features and upgrades: Remodeled bathrooms and kitchens can raise a home’s price, and so can less flashy upgrades like a new roof or HVAC system. Be sure to look for similar bells and whistles.

Sale types: Homes that are sold as short sales or foreclosures are often in distress or sold at a lower price than they’d receive from a more typical sale. These homes are not as useful for comparisons.

If you are thinking of Selling and have questions, just give us a Call 703-361-5100 or send us a message

Outdated kitchen. Overrun backyard. Unusable basement space. If you have a home renovation project on the mind, the first thing you have to consider is how you are going to finance it. Here are the most common options to make your dreams become a reality.

Cash. Paying in cash is the most straightforward financing option, just save until you have enough money to cover the expenses. This will help eliminate spending outside your budget; however, it can also extend your timeline.

Mortgage Refinance. If you’ve been making payments on your home for a few years and your interest rate is higher than current market rates, you may be eligible for a mortgage refinance, reducing your payments and freeing up some money.

Cash-Out Refinance. You can tap into your home equity and borrow up to 80 percent of your home’s value to pay off your current mortgage plus take out more cash to cover the renovations. This option is encouraged only when you’re making improvements that will increase the value of your home, as it can add a lot of interest and fees.

Home Equity. Getting a home equity line of credit allows you to borrow money against the value of your home. You receive usually up to 80 percent of your home’s value, minus the amount of your loan.

Retirement Funds. Homeowners can consider pulling money from a 401K or IRA account, even though they aren’t specifically meant to cover a home renovation. This option might incur additional penalties or tax payments, but may be worth it when making improvements that will benefit them financially in the long run.

Recuerde Nuestra clase para comprar casa es Sabado Octubre 15, 2016
Enterese de comprar una casa con ayudas del gobierno, como arreglar su credito para calificar y comprar su casa, y mucho mas, invite a sus amigos y familiares.
Lo esperamos en
8317 Centrevile Rd # 303
Manassas, VA 20111
LLame para mas informacion 703-499-2914

Don’t forget to tell your friends and family, join us tomorrow at
8317 Centreville Rd #303
Manassas, VA 20111
Be informed: government programs, Credit issues, process of buying a house, and much more
Call 703-499-2914

Now that the kids are back to School, we all go back to our routines, summer is almost over and when we less expect it is December again!!

What are your plans for next year? are you still renting? Have you been trying to save some money so you can buy the house of your dreams? Need to fix your credit? Did you have a foreclosure or short sale and want to buy again? do you know the requirements if this happened? have you filed bankruptcy and need to know if you qualify for a mortgage loan? Do you really need a lot of money to buy a house? Can you buy a house with ZERO Down Payment? How much can you afford? What is the Process of buying a house? How long does the process of buying a home takes?

We have all the answers, join us Saturday October 15, 2016 the Experts from Homeside Financial will answer all your questions and we will guide you so that you can start planning on making your dream come true! Call us 703-361-5100 for more information.

ANOTHER SOLD HOME in Less than a week! Yes, 2016 seems to be a HOT SELLERS MARKET, home prices have been going up, interest rates still low, Grant Money for buyers are some of the things that are making this year a great year for real estate!
If you have been thinking of selling, Give us a Call, we will give you a FREE HOME VALUATION , and might be able to sell your home to one of our cash buyers!