Do Not Do This If You Want To Buy A House

Don't do this if you are planning to buy a home in the near future or if you are in the process of buying a home.  DO NOT make any major credit purchases.  Even if your monthly payments are low, major credit purchases will might affect how much a financial institution is willing to loan you to buy a house.  In DC, Maryland and Virginia where real estate is pricey, some buyers will have to wait until they pay off the debt before they can qualify to get a mortgage/loan or put down a larger down payment.  If you bought a car, boat, or furniture paying off the debt might take years.

Pre-qualified And Pre-Approved Are Different Things

What does it mean to get pre-qualfied for a mortgage?  Most lenders can pre-qualify you for a mortgage over the phone. Based on general questions about your income, debt, assets, and credit history, lenders can estimate how much mortgage you qualify for.

What does it mean to get pre-approved for a mortgage?  Pre-approval means that you have applied for a mortgage; you have filled out the mortgage application, received your credit report, and verified your employment, assets, etc. When you are pre-approved, you know exactly what the maximum loan amount will be.

It's important to get pre-approved if you plan to buy a home.   A Be sure to get a pre-qualified or pre-approval letter from your lender.  Keep in mind a pre-qualified letter is not verified and in essence, does not count for much if you are competing with other buyers who are pre-approved. Whether you call this area DC Metro, DMV or DC, Maryland and Virginia, It is highly likely that you will be competing against other buyers here.  

When you are pre-approved, you and your real estate agent know what price home you can afford to purchase.  Once you find the home you want to buy, the seller knows exactly how much house you can afford.  A pre-approval letter gives you credibility as an interested buyer and lets the seller know immediately that you will qualify for a loan to buy their property.

How Much Should You Ask for Your House?

The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.Several factors will contribute to your continue




Reasonably Priced Homes Near A Metro Station - Huntington

Do you want to buy a reasonably price home that is located close to a metro station?  The Huntington neighborhood has town homes, condos and single family homes that are affordably priced compared to homes in Old Town, the next town over.  Huntington is becoming a neighborhood sort after by first-time homebuyers, and newcomers to DMV.

Affordability and location account in part for the increased attention real estate in Huntington has been getting by buyers and investors over the last few years.  Also, the employees of two large organizations, Patent and Trade Office and NSF on Eisenhower Avenue and the Carlyle area, find the Huntington area location is just a few miles away from work.  A short drive, one metro stop or a nice walk from Huntington and you are on Eisenhower Avenue.  So a lot of PTO's and NSF's workers have an high interest in properties in Huntington.

Since real estate in Huntington is hot right now, it is a good time to consider selling your home there and moving up to a larger home or different neighborhood that might better suit your lifestyle now.  Or if you are an investor ready to cash out this might be a good to for you to sell as well.

If you'd like to discuss the ins and outs, how much cash you'll net if you sell, how long it might take to sell, what to do to get the most money for your home, best areas to move to next, etc. feel free to call me at 804-548-3637.  I am accredited, have the experience and knowledge to assist you in a transaction whether you are buying or selling.  Once we've talked we will decide if we want to work together. 

Is It A Good Time To Buy A House?

With the burst of the housing bubble, credit crisis, and millions of foreclosures across the country, you may wonder if buying a home is such a good idea after all. However, it’s important to consider all of the facts. The important message to take away from these events is continued

First Time Buyer: Make A Plan of Action

Buying a home will probably rank as one of the biggest personal investments one can make. Being organized and in control will contribute significantly to getting the best home deal possible with the least amount of stress. It’s important to anticipate the steps required to successfully achieve your housing goal and to build a plan.. continue

Avoid Financial Stress When Buying A Home

By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money.  continued

Stay Calm


Alexandria Street Names

Why do street in Alexandria, VA have names that denote royalty?  In 1745 English settlers in Alexandria were still aligned with England and Parliament.  The English choose street names that reflected their ties to England.  According to  Alexandria Times some of the first streets named were Fairfax, Royal, King, Queen, Princess, Prince and Duke. If you want to buy or sell real estate in Alexandria call me ay 804-548-3637.



Old Town Alexandria Home - Fit For Royalty!

This home situated in Old Town Alexandria is magnificent!  "The" royal family might enjoy living in this home. Or "A" royal family might enjoy it, too.  And you are royalty!  This home seller is being represented by McEnearney.  If you are interested in purchasing this home and need representation, I am available to assist you.  Click the picture below for a virtual tour.

agent photo

Carol Dorsey
Associate Broker

Alexandria, VA 22314
Phone: 804-548-3637

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If you want to buy, sell, rent or are a landlord who needs a tenant I'm happy to help you. Feel free to call me at 804-548-3637, or by filling in the form below and sending me and email.

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