Investment opportunity in Stephens City

Have you ever wanted to own an investment property? If you have, here is a fantastic opportunity for you!

This 4 bedroom home is updated throughout and has a completely renovated master bathroom. Custom built-in bookcases surround brick fireplace in family room and large cement patio in backyard is perfect for entertaining 

This home is currently rented and the sale is subject to the existing lease, tenants are currently paying $1650/month and lease is through March 2021. 

Offered for $254,900

Interested in seeing this investment opportunity? Give us a call to schedule your showing of 100 Tunis Court, Stephens City, VA 22655

Presented by Meghan Pachas

5 Things to Consider Before Joining the Tiny Home Movement

You’ve probably heard about the tiny home movement and how some people do a drastic downsizing in an effort to live more simply. You may have even wondered if it’s for you.

Obviously, there are some pretty big benefits. For starters, who wouldn’t love to shrink their mortgage payment? And what about saying goodbye to the endless housework that often accompanies a larger dwelling? Or, perhaps it’s just the appeal of a simpler, more streamlined life…

As appealing as those perks sound, there’s a lot to think about before trading your regular-size home for a tiny one. Let’s explore some of the considerations you should make before making the move toward tiny living.

1. How tiny is too tiny?

The typical American home is approximately 2,600 square feet. Compare that to the average small or tiny home, which falls between 100 and 400 square feet. With that in mind, it’s important to give serious thought to whether you’ll be able to truly enjoy life in such close quarters. If you have a growing family or love to entertain, having space constraints may cramp your style — literally.

Before committing to a tiny home, consider renting one so you can get a feel for the minimalist lifestyle before taking the plunge. Visit Glamping Home’s website to view rental properties available worldwide. (Or, you could just try living in one small portion of your own current home for a week, without using the rest of the house.)

2. Where will you put it?

Once you’ve decided that a tiny home will be a good fit for your lifestyle, you’ll need to determine if and where you can place it. Zoning laws, which govern the type of physical structures that can exist in a town, city, or county, vary by specific location.

If your tiny home is on wheels, you may encounter a bit more flexibility as it’s viewed as a recreational vehicle (RV). Those, however, also face restrictions. In fact, many local ordinances don’t allow people to live in an RV as a permanent residence.

So, before you set your sites (and money) on a tiny home, make sure you know for sure where you will be putting it.

3. Buy or build?

One way to avoid dealing with potential zoning issues is to purchase a pre-owned tiny home. To find one in your desired area, check out some listings on Tiny Home Builders’ Tiny House Marketplace or Realtor.com.

If you can’t find what you’re looking for, or are up for a DIY project, you can build your own from a kit. Easier than ever to find, an array of options is available through Amazon.com. You can also purchase premade homes through tiny house builders such as Tumbleweed Tiny House Company.

But, again, with these last two options, you’ll need to be certain you’re following local zoning laws before choosing a plot for your new property.

4. How will you pay for it?

When you think of tiny homes, you probably imagine a correspondingly small mortgage. While that’s true in some cases, a custom-built, luxury tiny home may set you back as much as $150,000. On the other end of the spectrum, a DIY-built tiny home may cost significantly less at anywhere from $35,000 to $45,000.

No matter how much it costs, when it comes to paying for a tiny home, if you need a mortgage, a lot will depend on your lender’s view of these diminutive dwellings. While it may be possible to get a traditional mortgage, you might find that it isn’t easy or even possible.

So do some research up front to determine what loan products are available to you, and that you will qualify for, prior to getting to far into the process of picking one out and finding a spot to put it permanently.

Also, don’t forget, you may need to factor in the cost of the land if you’re buying a plot on which to place your tiny home. Land can also be a bit tricky to find financing for.

5. What about utilities?

While most tiny houses get their utilities through power companies the same way conventional homes and RVs do, for tiny home owners who wish to live “off-grid” it’s a bit more complicated. These individuals are tasked with providing their own services, which may include water, electricity, internet, cable television, and other amenities we often take for granted. Accessing these can become costly depending on how removed you are power suppliers.

While the appeal of a simpler life may ultimately be worth the effort it takes you, it may not be a simple process… So, if you’re pondering making a move toward a tiny home, make sure to weigh these factors before selling your traditional home, or you could be in for some surprising issues you didn’t anticipate.

How Buyers & Sellers Can Prepare For An Early Start To The Spring Market

Is January the new April? When it comes to the real estate market, experts say yes.

Regardless of whether that famous groundhog sees his shadow, a recent article on CNBC suggests spring will arrive early this year—at least when it comes to the housing market. In fact, some are speculating that January may very well be the new April.

What’s causing this already-busy buying season to kick off ahead of schedule? Low inventory and rising home prices are spurring house hunters to come out of hibernation months before they previously would have.

With that in mind, whether you’re buying or selling, or both, it’s time to get moving. The following checklists will help you prepare yourself or home property so don’t get left behind!

Getting Ready To Sell

If you’re hoping to put your place on the market and capitalize on those early bird buyers, you want your property to be in the best possible shape. That means you’ll want to tackle the following tasks:

Clean: Scrub like you’ve never scrubbed before! Some recommend hiring a cleaning service as new eyes will find old stains and smudges you no longer even notice.

Paint: Nothing brightens up a room like a fresh coat of paint. Don’t forget the moldings and trim. Buyers notice every detail.

Declutter: You’re going to have to pack up anyway, so why not do it sooner rather than later? As you go through each room, start storing non-essential items that you plan to take with you to your new address. If you find items you no longer want or need, donate them or try to sell them online for a quick influx of cash you can spend on your new place.

Tackle repairs: Take care of anything that would pop up on a home inspector’s report. Chances are you’ll need to fix it before you move, so why not do it now and enjoy these improvements for as long as you remain in the home?

Work on your curb appeal: Your home’s exterior is what’s going to make that all-important first impression on buyers. If your lawn boasts more weeds than grass, your shrubs are dead, and your fence is falling apart, you can count on that prospect driving on to the next house.

Find the right real estate agent: Often sellers want to hire the agent who says they’ll list the property for the highest price. Or, they’re tempted to select one who’s willing to take the lowest commission. But, really, you want an agent with a track record of success who is familiar with the area and comparable listings, and has a marketing plan that will help you realize the maximum value. A sky-high listing price sounds great, but not if it takes you three years to sell, right?

Preparing To Buy

If you’re ready to purchase a new home, there are several things you can do before you hit your first open house to make sure the process goes as smoothly as possible.

Clean up your credit: Your credit score not only impacts your ability to secure a mortgage at all, but it will also determine the interest rate you’ll pay. If you’re worried about your credit score, start working toward raising it by paying all your bills on time and making sure your balances are low. Check your credit report by contacting the three credit bureaus: Experian, Equifax and TransUnion. You’re entitled to a free report from each agency once per year. If you spot an error, having the report amended will boost your score.

Pro tip: Speak to an experienced mortgage professional. Sometimes they can advise you on what (and what not) to pay down or off, in order to improve your credit score.

Save for a down payment (and then some!): Being able to put 20% of the purchase price down at your closing isn’t necessary, but it could help you in terms of better rates and overall monthly payments. It can also help you to avoid paying for private mortgage insurance (PMI). It’s also wise to save for emergencies because once you’re in your new home you never know what may suddenly need repair.

Get pre-approved for a mortgage: Getting preapproved lets sellers know you’re the real deal. And, it let’s you know what you can afford, so you focus on the right price points, and can choose the perfect one to go after with confidence.

Rather than just prequalification, which is more like an estimate of what you can borrow, a pre-approval means the loan is much more likely to get through underwriting once you get a home under contract, because the lender has already assessed your credit, income, debts, and assets.

Plus, if you find yourself competing for a property, being able to tell a seller you’re pre-approved can give you the advantage you need against others who are not.

Do your due diligence: Think you’ve found an area you like? Check out neighborhoods at different times of day, and be sure to notice traffic patterns. For example, is the home you like on a street drivers use to dodge traffic on Main Street. Will you encounter school drop-off or pick-up congestion that will make getting in or out of your driveway a hassle? How about early morning church bells or that fire house whistle? Consider all these factors, and anything else that may appeal to you, or bother you personally, as you’re driving past potential homes.

Find the right real estate agent: Whether this is your first or fiftieth home purchase, it’s still wise to enlist the help of a buyer’s agent. After all, it doesn’t cost you anything out of pocket typically, and a good agent will help you by sharing their inside knowledge not only of the neighborhood, but also help establish what’s a good value in your price range.

Plus, they’ll arrange showings on your behalf and they may also be able to alert you to red flags you’d otherwise miss while touring properties. These seasoned experts will be happy to refer you to other pros you’ll want on your side, such as home inspectors, attorneys, and lenders.

Whether you’re planning on selling, buying, or both, you may be competing with plenty of other buyers and sellers once Spring is in full swing. So, taking care of the items listed above can help you get the edge you need. Especially with the Spring real estate market getting it’s own head start!