LOOK AT THIS: PRIVATE SALE

Annandale, VA

🤩CLOSED🔉 📍Arlington VA
PRIVATE SALE 💥
SOLD COMPLETELY AS IS 💥
TOP DOLLAR 💥
NO HASSLE 💥

Low inventory in the DC area means fewer options for buyers, but that doesn’t mean that there aren’t some incredible deals to be made.

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  Selling a home? Click here for a FREE Home Price Evaluation

There is a shortage of homes in the marketplace right now in the DC area. Demand has remodeled homes with the nicest finishes selling quickly, far above list price, and with multiple offers. But this doesn't mean you're out of luck if you're looking to buy.

There is a lot of opportunity for buyers who are interested in buying homes that are not yet modernized. Homes that are in good condition, but need a few updates, are sitting on the market. These properties provide the opportunity for buyers to make low offers and sometimes even get closing costs paid for by the seller.

If you have any questions about the market or anything in general, please feel free to contact me by phone or email. I look forward to speaking with you soon.

What exactly is included in closing costs? As a homebuyer, can you get the seller to pay for the closing costs? 

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

What are closing costs and how can you get the seller to pay for all of them?

Closing costs generally include things like lender fees, title fees, and taxes. Closing costs typically run between 2.5% to 3% of the sales price.

For example, if you are buying a $500,000 home, you can expect $15,000 in closing costs.

As your real estate agent, it’s my job to find out how much of the closing costs the seller would be willing to pay for you.

In the fall, the market has been slowing down a bit. As a result, more sellers are paying for closing costs in our current market. That means you can ask the seller to cover that $15,000 in closing costs for the $500,000 house.

If you keep the closing costs in your pocket, you’re basically paying yourself that $15,000 in addition to the other down payments you make on the property. That’s 10%, 15%, or 20% down on the property right away, so when you go to sell, that’s equity right in your pocket.

If you want to know more about getting the seller to pay your closing costs as a buyer, just give us a call or send us an email. We would be happy to help you!

When it comes to determining your home’s value, you shouldn’t rely on Zillow’s Zestimates. There is a much better way to find out that information.

What does the Zillow Zestimate mean for the value of your home? To know the answer, there are a few things you need to take into consideration.

First, what is a Zestimate? A Zestimate is a home valuation tool Zillow has on their website that pulls recent sales in the home’s community and tax records to calculate its value. Oftentimes, Zestimates are hugely inaccurate, and there are two reasons why.

First, Zillow has never been inside your house. They don’t know if you have remodeled bathrooms or kitchens, or a new roof or HVAC unit. They can’t accurately price your home without having that intimate knowledge.

Second, our D.C. market is an eclectic one. If you live in a neighborhood here in Arlington, for example, you have land values that are astronomical—a $500,000 house could be sitting next to a $900,000 one, and that $900,000 house could be sitting next to a property worth $2 million. This makes it almost impossible for Zillow to keep up with the valuation of your home.

If you want to know the true value of your home, there are two ways you can find out. First, you can hire an appraiser to come to your home and give it an appraisal. This can cost anywhere from $375 to $2,000, depending on your home’s price. The second way is to hire a broker or an agent and have them give you what’s called a “broker’s opinion of value.”

Doing either of those things will give you a much better understanding of what your home is worth in this marketplace.

If you have any questions or would like to know what your home is worth, don’t hesitate to give us a call or email us. We’d love to help.