All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS(r) are properly called REALTORS(r). They proudly display the REALTOR "(r)" logo on the business card or other marketing and sales literature. All agents and brokers at Condo Alexandria are Realtors. REALTORS(r) are committed to treat all parties to a transaction honestly. REALTORS(r) subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTOR(r) again.

Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR(r).

But if you're still not convinced of the value of a REALTOR(r), here are a dozen more reasons to use a Realtor from Condo Alexandria.

A real estate agent is a professional licensed to buy, sell and manage real estate for a fee on the behalf of others. Not real estate agents are REALTORS.  A broker is a real estate agent who has reached a higher educational standard and who accepts certain additional responsibilities commiserate with this level of licensing. The term "Realtor" is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors.

A real estate agent or broker who joins the National Association of Realtors is a Realtor.  The National Association of Realtors (NAR) claims to be world's largest professional association. The single biggest distinction between a real estate agent and a Realtor is that all Realtors agree to abide by a strict Code of Ethics. From their voluntary adherence to a Code of Ethics to their incomparable knowledge of real estate processes, Realtors are the experts of residential and commercial property transactions.

Founded in 1908, National Association of Realtors has grown from its original nucleus of 120 members to more than 1 million today. National Association of Realtors is composed of Realtors who are involved in residential and commercial real estate as brokers, salespeople, property managers, appraisers, counselors, and others who are engaged in all aspects of the real estate industry.

Realtors belong to one or more of 1,700 local associations/boards and 54 state and territory associations of Realtors and can join one of our many institutes, societies, and councils. Brokers and agents of Condo Alexandria are members of the Northern Virginia Association of Realtors. Additionally, National Association of Realtors offers members the opportunity to be active in our appraisal and international real estate specialty sections. Realtors are pledged to a strict Code of Ethics and Standards of Practice.

According to the National Association of Realtors:

A real estate agent is a REALTOR® when he or she is a member of the NATIONAL ASSOCIATION OF REALTORS®, The Voice for Real Estate® -- the world's largest professional association.

The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.

Founded in 1908, NAR has grown from its original nucleus of 120 to today's 720,000 members. NAR is composed of residential and commercial REALTORS®, who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. Members belong to one or more of some 1,700 local associations/boards and 54 state and territory associations of REALTORS®. They can join one of our many institutes, societies and councils. Additionally, NAR offers members the opportunity to be active in our appraisal and international real estate specialty sections.

REALTORS® are pledged to a strict Code of Ethics and Standards of Practice. Working for America's property owners, the National Association provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property.

Our agents are abides by this Code of Ethics and Standards of Practice. We strive to give our clients value by staying current and knowledgeable about the sales and purchase process. We also constantly increase and improve our knowledge of Northern Virginia's communities, amenities and condominiums.

Howdy Mr. Nesbitt--
I wanted to take a moment to highlight the exceptional service I
received from one of your agents, Ben Fornshell. Within a few hours
of emailing Ben, we made an appointment to meet the following day in
order to tour Belle Haven. After meeting up at your office, we walked
along the well-kept streets while Ben shared some of his experiences
with the community; calmly strolling through a neighborhood on a sunny
day while viewing properties is not a typical experience when
searching for a new home. After touring several, I stepped into one
particular unit and realized I was home. Ben walked me through the
particulars before we parted. Later that day, he met with me a second
time, well after working hours, to show the unit to my skeptical wife.
She eagerly concurred and five days later, we signed the
lease--beating out several other applicants largely because of how
well-prepared our package was. Ben's relaxed and informative approach
was a sea-change to the aggressive apartment-pushers usually lurking
in real estate and is a great credit to your business and profession.
Further, his stance made it more than clear that he wasn't merely
looking to push someone into a vacant unit: he was assisting a new
neighbor.

Please convey my very great appreciation for his hard work and
dedication. If you'd like to post this message anywhere online,
please feel free; I only ask that you omit my last name for privacy.

Sincerely,
--Jeremy

About the Author --- Will Nesbitt is the principal broker of Condo 1 Alexandria and Will Nesbitt Realty. Will specializes in condos, townhouses and single family residences in Alexandria, Arlington, Fairfax County, Crystal City, and Kingstowne. Will resides in Belle Haven Estates just outside Alexandria VA in Fairfax County.

Real estate agents act as go-betweens for buyers and sellers of real estate property. With certain exceptions, anyone who assists with the sale of real estate in the Commonwealth of Virginia is required to be licensed by the state.  Each and every real estate agents must be affiliated with a real estate broker. A broker is a real estate profession who has higher educational requirements and who has a minimum of three years of full-time experience as a real estate agent. A realtor is a real estate agent or broker who is a member of the National Association of Realtors. As a realtor, agents and brokers agree to ascribe to a high standard of ethics and participate in continuing education programs.

In most cases, a real estate agent works for one party, either the buyer or seller, renter or landlord. The agent uses his or her specialized training to best represent the clients' best interests. In some cases, the agent will work in a dual capacity representing both sides of the transaction.  In all cases, the agent's first duty is to truth and honesty. But when you choose a real estate agent, don't be afraid to ask about what obligations state law imposes.

Some agencies have up-front fees or retainers.  It's okay to shop around and to interview several agents and agencies to find the one that you feel most comfortable working with, but it's only fair to the agent and to yourself to settle on one agent to sell or buy a home. Although it is your right and duty as a consumer to shop around, it is unethical and unfair to work with more than one agent at a time. An experienced agent will always ask if you already have representation. This way the agent won't waste his time or accidentally interfere with the relationship you already have.

When looking to buy or rent a home, a licensed real estate agent provides a variety of unique skills and connections to ensure you get a much better home.

1. First and foremost a Realtor brings security.  Everyone knows what they want in a home, but very few people realize the litany of potential pitfals that can ruin your new nest.
2. Second, a Realtor brings diversity.  Unless you're going to limit your selection to public listings, and kiss good-bye some of the best homes in the market, then you need a Realtor to grant you access.
3. Third, a Realtor brings you economy.  Whether buying or selling no-one has access to market information to the degree a Realtor does.  This ensures that you're not overspending on your new home, or underselling your old one.
4. Finally, a Realtor brings you peace of mind.  The process of finding a new home, or someone to buy or rent your existing home can be daunting.  Challenges from financing, to proper title transfer, to negotiating your price require attention to detail, and can be very stressful, and time consuming if not handled properly. 

To learn more about how a licensed real estate agent can assist you contact us.

About the Author ---  Ben Fornshell is a licensed real estate agent with Condo1 of Alexandria.  To learn more about available rentals and purchases in the area check out our free search.

I recently received this email:

Will,

What all kinds of assistance do you provide? Do you check the background and credit of the perspective renter? If work needs to be done what happens? I know that the carpets will need to be cleaned before the renters would move into the place. Does one have to use your people to do any work necessary? What happens if I were to need a new renter, would your service handle that too? I have never used a service such as yours before, so I have a lot of questions.

Thanks for your help.

Sincerely,
(name withheld)

Like most property managers, our services to the landlord are broken into two different jobs. The first task that landlords ask us to perform is often the task of finding a renter. To describe, explain and memorialize how we find your renter, write and sign a listing agreement.

The listing agreement is not unlike the listing agreement a homeowner signs when he or she sells a house. The listing agreement is what lets us put a lockbox on the door. We need a listing agreement to put the property in the MLS (multiple listing service).

The listing agreement describes the terms and conditions under which we get paid. We only get paid if and when we find a renter. Most agencies charge between one-half to a full month's rent to get this service done. If our client is using our property management services, we let the client set the fee, but we take the time to explain how agents get paid.

Like all listing agreements, the listing agreement will set a term or time period and then expires. In the past few years I can't remember having an expired listing agreement as we push hard to rent quickly.

Once Condo 1 Alexandria or another agency finds a prospective tenant, we take an application and proof of income. We then pull a background check to make determine a recommendation regarding the applicant. If the tenant can afford the property and has a good payment history give a positive recommendation. If the tenant has a questionable credit history or if the tenant can't afford the property we advise the landlord that we have an application but do not recommend proceeding with a lease. In some cases, we can provide solutions to guard the landlord against potentially problematic tenants, but still find a way to move forward with the applicant.

After we are settled on a tenant, we prepare a lease and have it signed by the landlord and tenant. This is the end of our duties as a listing agent.

But that's when our duties as a property manager begin. As a property manager, we collect the rents and make payments to the landlord as described in the property management agreement. From time to time, we respond to service calls from the tenant, dispatching appropriate handymen, electricians, plumbers, etc. to solve the problem. When this happens, we deduct the cost of these services from the rent collected and pay the landlord the remainder. From time to time we make inspections of the property and we occasionally recommend maintenance or upgrades.

Unlike some property managers, we only collect fees when the property is occupied. No rent equals no charge.

If the property needs to be prepared prior to leasing, we can and will make some efforts to put the property in order. Some properties need a little clean-up to prepare for market. We don't charge for managing a clean-up. We simply pass the cost without mark-up back to the landlord. We will take some deposits from the landlord as required to take care of this clean-up.

Some properties need something more than a clean-up. When a property needs a renovation, we may charge a fee to manage construction and clean-up to put the place in order.

Eventually the renter moves out and we'll need a new renter. At that point, we'll sign a new listing agreement and start the process again.

We manage houses, townhouses and condominiums. We bring a special expertise to condo management because we know how condos operate, but we don't limit our business to condos.

It's hard to describe everything we do in a format like this, but that's what we do in a nutshell. There are additional services and limitations I'll describe when we go through the agreements, but this should be enough to get you started. 

If you are a landlord, then you need a company you can trust to handle your operational responsibilities. Will Nesbitt Realty LLC and Condo 1 Alexandria have the experience you want in your property manager. Will has been a landlord for over 20 years and is a full service broker trained in property management. Will Nesbitt Realty and Condo 1 Alexandria offers full service management for condos, townhouses and single family residential properties. Condo 1 Alexandria is dedicated to maximizing your profits without sacrificing on service. Here's some of what we do for you:

Lease Administration

Our brokerage will prepare your lease, find and screen tenants.

Rental Servicing

There are a lot of annoying details that landlords must deal with: unless they have a property manager. Our team handles billing, collecting, processing and servicing your rental accounts, staying on top of your cash flow.

Rate Analysis

Will Nesbitt Realty and Condo 1 Alexandria will analyze the market and find the rental rates that will make you the most money.

Building Maintenance

Condo 1 Alexandria and Will Nesbitt Realty LLC keeps your properties in top operating order.

Marketing

Our strategy is designed to keep your occupancy and tenant retention rates at maximum efficiency.

Vendor Negotiations

We only deal with reputable handymen, landscapers, appliance repairmen and service people. We'll negotiate you best deal and keep your rental operating smoothly.

Because we do business as Condo 1 Alexandria, I'm often asked: do you only work with condos?

The answer is of course: no. I work with all types of real estate in the Commonwealth of Virginia. But I do fill several niches and have expertise in a few specific areas that might be of interest to you.

Condo 1 Alexandria serves the condo market in Alexandria (mainly in the West End and Old Town), Crystal City, Pentagon City, Arlington, Fairfax County, and Kingstowne. Our focus these days is on buyers and landlords. As a buyer's agent we are well equipped to find the property that suits you needs and make the sale proceed smoothly and quickly. As property manager we take the hassle out of being a landlord. We of course have listings for sale but if the time isn't right to sell, we'll let you know and advise you of your best options.

Condo 1 Alexandria also does business as Will Nesbitt Realty LLC. In the capacity as Will Nesbitt Realty, I focus on homes and properties near our offices and my home. I have particularly good insight in Alexandria especially around Bucknell and Belle Haven, but also in Kingstowne and Old Town. These neighborhoods have condos, but they also have single family homes and town houses.

If you have questions or if I can be of service, please don't hesitate to contact me! If you need help finding properties please help yourself to our fast and free database of properties that are currently on the market. The number of listings that are available can sometimes be overwhelming, so feel free to contact me if you'd like for us to do the search.

"To the General Public:

"For some businesses, simply doing what is legal may be good enough; but I have bound myself to a higher standard because my vocation is central to the interests of the nation and its citizens. The practice of real estate helps provide housing, places of commerce, industries and farms while preserving a healthful environment. For this reason, the practice of real estate imposes a grave social responsibility and a patriotic duty upon myself and others who practice real estate agency and brokerage. With them, I share a common responsibility of integrity and honor.

"As your realtor I have dedicated myself to the high ideals of a code of ethics which compels my best adherance to competency, fairness, and high integrity. No inducement of profit and no instruction from clients ever can justify departure from that dedication. The National Association of REALTORS has described that code of ethics at Realtor.org.

"Documents therein and elsewhere specify duties and best practices of real estate brokerage and agency. These rules describe the requirements of disclosure of agency, financial arrangements, following the law of the land, marketing practices, negotiation methods, how clients are charged for services, how offers are presented, confidentiality, and more.

"You could read that entire document, but the spirit of those ideals can be summed up fairly easily.

• The Golden Rule: 'Whatsoever ye would that others should do to you, do ye even so to them.'
• Primum non nocere --- A latin phrase meaning 'first do no harm'.
• Strive for excellence --- By meeting on-going educational requirements, I continually hone my competency."

Sincerely,

Will Nesbitt

Step 1: Defining What You Want
Start by creating a prioritized list of features you want in your home and the reasons why. Use it as your search guide, but remember that depending on your budget and funding, you will probably need to make some compromises.

Your Condo 1 Alexandria real estate professional can you information about communities which fit your criteria. Of course, location is a huge part of any move. If you're new to the area, keep in mind the distance travelled during your commute is not so important as the time travelled. Traffic patterns favor some neighborhoods while some areas regularly suffer with gridlock. You Condo 1 Alexandria real estate professional can tell you about area amenities, culture and shopping.

Step 2: Figuring Out What You Can Afford
Now that you have an idea what you'd like, it's time to see how that marries up to what you can afford. Most people do this with the assistance of a mortgage professional. If you are considering a condo, make sure that you deal with an experienced lender such as Condominium Mortgage who understands the unique challenges of lending in condominium communities. Often the preapproval process takes less than an hour, and can be handled over the phone.

Your mortgage professional can tell you how much condo you can afford and what your monthly payments would be. Additionally, a pre-approval letter demonstrates to the seller that you can afford to buy their home. When the seller knows you can move quickly, this often gives you more negotiating power. By definition, a pre-approved buyer has an approved mortgage subject to an appraisal of the property.

Condominiums mean condo associations and condo fees. When figuring your monthly budget you Condominium Mortgage professional can take into account any condo fees you might be expect to pay. Often the cost of condo fees are a bargain compared to the cost of utilities, time and maintaince expense that other home owners pay. It's important to put this fee into perspective when considering a condominium or PUD purchase.

To receive free loan pre-approval from Condominium Mortgage call toll free 1-703 765 0300 seven days a week.

Step 3: Shopping For Homes
Once you know what community you'd like to live in and have an idea of how much condominium you can afford, it's time to start checking out some actual communities. You can beginning this search online and save time since it can help you target homes that meet your search criteria. You can view virtually every property listed by all real estate companies in the area on this web site. It's one way Condo 1 Alexandria makes home shopping easier for you. We will even notify you by email when properties come on the market that meet your search criteria.

Next, begin visiting homes in person. Ask your Condo 1 Alexandria real estate professional to arrange home showings that are in your target area and price range. If you are not currently working with one of our agents contact Condo 1 Alexandria Customer Service at 1 703 765 0300 . We will arrange to have a knowledgeable agent assist you.

Step 4: Making An Offer
Once you find the home you want, you need to complete a purchase agreement for the condominium. Typically this is a very difficult and trying time since both buyers and sellers have totally different goals. In most cases it is better to have a third party, such as a Condo 1 Alexandria real estate professional, negotiate the offer.

If you have any personal interaction with the homeowner, don't give out any information about your move, your current housing status, financial status or your feelings about their property - positive or negative. This could hurt you in future negotiations.

Step 5: Closing
In most cases you will also have the option of a "walk through" within 3 days of the closing. This is your chance to make sure that all of the items that you and the seller have agreed upon meet your satisfaction.

Before you arrive at the closing, make sure all the necessary paper work and deposits have been completed. If the mortgage, title work, homeowners insurance and other items necessary are not completed and brought to the closing table, the closing may not happen on time. Once you close, it's official - you own the condo.

When it's time to sell your house, townhouse or condo here are a few simple tips for realtors and home sellers alike. 

Turn on your heart light.

Turn on the excitement by turning on all your lights - both inside and outside. Whether you are showing your home in the evening or in the day, lights add color and warmth. Prospective owners feel welcome in spaces that are bright and airy.

Don't crowd your buyers.

Potential buyers often feel like intruders when they enter your home. Rather than giving your house the attention it deserves, prospects are likely to hurry through. When the homeowners are present people often feel uncomfortable looking in closets and laundry rooms an other private areas. Additionally, rooms filled with people give the impression that the space is small.

I love pets ... but not your pet.

Dogs and cats are great companions, but not when you're showing your home. Pets have a talent for getting underfoot. Some prospects are allergic to some animals. Sadly, many people love their pets, but they don't like your pet. It's in your best interest to keep the animals outside or out of the way of potential buyers.

Don't create distractions

Rock-and-roll will never die. But it might kill a real estate transaction. Most of us love music, but not all of us love your music. When it's time to show your home, it's time to turn down the music. Turn off your TV because the last thing you want is for one of your buyers to watch the game while his wife falls in love with your house.

Give a wide berth.

A smiling seller is a welcome site, but a pesky seller will chase a home buyer away. It's important to be friendly but avoid being conversational. Anything you say could be construed to imply a warranty or could cost you thousands in negotiations.

Put things in perspective.

Some buyers will point out shortcomings or flaws in the property. It's best not to respond orally to these challenges. Utterances like these are seldom personal in this context. So, never take offense. Understand that these statements might be an indication of the buyer's ignorance, but sometimes the buyer attempting to frame negotiations with these statements. To engage the comment is to agree with the premise of the utterance.

Most people have heard of the MLS, but many are unclear as to exactly what it is. MLS stands for Multiple Listing Service.

The Multiple Listing Service is probably your best tool as a home buyer and your best friend as a home seller.

But what exactly is the MLS?

The MLS is a database.

In the old days MLS databasing was done on filing cards and notebooks. Today that information is aggregated on computers. MLS data includes information about what properties are for sale and certain details about those properties such as condo amenities, number of bedrooms, garage parking. Almost everything you'd want to know about a given property is catalogued on the MLS.

Much of that information is public, such as the selling price and the address. Some of that information is private, or reserved for those who have professional access to the MLS. For example, real estate agents know which properties are vacant. The general public doesn't need to know this information as sharing that information might pose a risk to some property owners.

Yes, the MLS is a database, but it is also something more.

The MLS is a marketplace.

The collection of information on the MLS serves as the primary repository of details about real estate for sale or rent. MLS data is the foundation for most websites, and it is the primary reference point for most real estate professionals. As properties are contracted and sold, the data is constantly updated. Today, most agents and websites have data that is practically up to the minute.

The MLS is not free, but it's free to you the consumer. Agents and brokers pay fees for access to MLS data and to fees to maintain and improve the system. Professionals like me make that data available to the public for the purpose of helping buyers and sellers connect.

The MLS is a tool.

Like all tools, the MLS gives the best results when wielded by a professional. (More on this below.)

The MLS is for sellers.

Home sellers want access to the maximum number of buyers, in the most cost effective manner. When compared to the expense of newspaper, radio or other ads, the MLS is incredibly targeted and very affordable. The professionals who use this data will only bring qualified buyers shopping for property in your price range. It doesn't get better than that.

When a seller chooses a real estate agent with MLS access, the seller's sales force is equal to the number of agents who are using the MLS. The larger pool of prospective buyers the greater the chance that the property will sell quickly and for a fair market value.

The MLS is for buyers.

The MLS makes home shopping extremely convenient. MLS data does not cost the buyers a dime. Thanks to the internet and sites like Condo1Alexandria.com you can search MLS listings 24 hours a day 7 days a week. Many consumers find that a "self-search" through the MLS is a good starting point for finding the right home.

A real estate agent is for you.

In the old days consumers needed an agent to help them look through the data. These days its easy for the public to access most of the data available. So, you can do it yourself.

But if you try to find a home on your own or you try to sell without an agent, you'll quickly discover why most people choose to employ a professional. It's true: you could probably cut your own hair, change your oil filter and fill your own cavities. But why would you?

These days the problem isn't that the data is hard to find. The data is often up to the minute. These days, the problem is that there is too much data. Buyers are overwhelmed with choices. Sellers are drowned out by the noise of available information.

That's one reason why when it's time to get serious about buying or selling, a real estate professional can help guide you through the process.

Most agents know the tricks and secrets of the MLS.

As an agent, I have access to more complicated tools and search processes not available to the consumer. I work with the MLS every single day. The MLS is one of the most important tools in my toolbox. Once you have an idea of what you want to accomplish, I can employ the MLS in ways that you haven't imagined.

Buying a condo is a great way to start your independence in the world. Buying a condo is a great option for empty-nesters looking to downsize and enjoy life. Buying a condo is a great way to live in an unbeatable location.

No matter what your age is, do you really want the hassles of yard work and gutter cleaning? A condo provides the freedom of maintaining the lawn and house so the focus is on your life--- in and outside your home and not on working on your home.

All the information provided will aid and guide your search through tips and steps to follow making sure your new condo life will start out in the best way possible. Any major purpose such as a new home can be a difficult one to say the least, but it doesn't have to be. In Northern Virginia, you can rely on experts such as Will Nesbitt of Condo 1 Alexandria and Julie Nesbitt of Condominium Mortgage. Check our links for experts from across the country!

Reblogged with permission from CondoBenefits.com

Besides total cost of the property, you should also inquire as to the annual homeowners association costs. These fees are usually charged in order to pay for the upkeep and maintenance of the common areas. Owning a condominium can be one of the largest investments you make, so make sure that the one you choose can accommodate your specific needs. Purchasing a condominium can be a great way to buy a property in the location you really want with all the amenities you seek.

Find a condo

Click here to search live data on condos currently for sale in the Northern Virginia, Washington Metro market. We specialize in Alexandria, Arlington, Falls Church and parts of Fairfax County. If you would prefer, you can explain what you are looking for and we'll do the work for you. Call 703 765 0300 anytime with questions.

People choose condominium life for a number of reasons. Some condos are less expensive than a traditional single-family house. Additionally, many condos have added amenities and facilities which an individual cannot afford on his own. Most condominiums have amenities you won't find on a similarly priced single family residence.

For example, a typical condo has (at minimum) a pool, a work-out room, and party room. A similarly priced house would not enjoy these amenities. Another benefit of condo living is that owners share in the burden of maintenance and lawn care. This means that some of the exterior maintenance and lawn care is provided by the condo association and the expense of that care is part of your monthly condo fee.

Many older condos have utilities included in the price of the condo fee. In new condos it is more typical to share the cost of water, but individually pay for other utilities.

Condo life in some ways is simpler for active lifestyles. Many condo owners choose condo life because they love life and they don't want to be bogged down with maintaining a lawn or cleaning gutters. A condo owner can walk out the back door and enjoy a dip in the pool while the other guy is spending time writing checks to pay his utilities.

A condominium is real estate with certain specific properties. Although there are various types of condominiums, the most common legal arrangements involve individual ownership of each unit, with joint ownership of the communal or common areas by all of the residents in the building. Condominium developments can be commercial or residential.

In the case of residential property, a condo can be composed of one or more a high-rise buildings, garden-style buildings, townhouses and---in special causes--even consist of individual houses. While some condominiums are located in large multi-unit buildings, others may be detached form each other and be located in a gated or planned community. Some condominiums may be located in resort or vacation destinations.

Most usually, a condominium is a housing unit or apartment in a multi-unit building in which each unit is individually owned, with common areas and the property in general jointly owned by the residents and the owners of the building, or all of the residents together. So the structures that make up a condominium complex are divided into living units, which are each owned by individuals. Jointly, these unit owners all have an interest in the rights and duties of the common areas, such as the parking lot, lobby, roof, etc.

Condo 1 Alexandria has access to important information on real estate values, taxes, utility costs, COA fees, municipal services and facilities. Condo 1 Alexandria uses this information to filter properties and then shares this information with you so that you can make your most informed decision possible. Condo 1 Alexandria researches your housing needs in advance through the Multiple Listing Service - even if you are relocating from another city. We also understand the traffic patterns of the Metro area and why some areas are more desirable than others.

Condo 1 Alexandria has no emotional ties to the condos you may be considering. As such, we can be objective about the property and can point out advantages and disadvantages while answering your questions. Your Condo 1 Alexandria agent represents you, the buyer, in the transaction. Condo 1 Alexandria will negotiate the most favorable price and terms on your behalf. Condo 1 Alexandria can tell you if local law requires an attorney at closing and can provide you with a list to choose from if you don't have one.

When it comes to buying a house, townhouse or condo, it all starts with determining how much home you can actually afford. In conjunction with your lender or Condominium Mortgage, Condo 1 Alexandria reviews your goals, income, obligations and budget to set realistic parameters.

You'll only spend time looking at homes and condos that you can buy without breaking your budget. Sometimes this involves suggesting additional ways to accrue the down payment. When necessary, we may suggest alternative financing methods and options. [start the application process]

Your Needs, Wants and Wishes

Condo 1 Alexandria listens.

By listening to your needs and wants, we can find the ideal home for you. We want to find a space that you can call home. If you're seeking an investment, we won't ask you to bank on "appreciation". Cashflow drives all our investment suggestsions.

We listen to you to find out the size, style, amenities, features, location that you want. You determine the importance of accessibility to schools, transportation and shopping and other public facilities. We want to know the destination of your commute. We ask these questions because the answers make the difference between a good home ... and a good home for you.

Call 703 765 0300 or drop us an email to discuss your needs with an agent who cares about you.

The best part about owning a condo is that your condominium sets you on the path to financial freedom. The worst part about buying your first condo is that buying a condo usually costs more monthly cash flow than renting an apartment. 

While it often costs more per month to buy than to rent, in most cases, all that extra money comes back to you at the end of the year in the form of tax refunds. Best of all, next year your mortgage will be the same amount and your debt will be reduced. With an apartment your money is gone and your rent will surely have a rent increase. Before deciding to purchase a condominium, it is important to do your research into both the legal and practical aspects of owning a condominium.

Potential condominium owners can make an appointment to meet with on-site staff sales agent to discuss interest in condo ownership. However, when you're in the market for a condo, it's a good idea to employ your own Condo 1 Alexandria real estate agent rather than rely on the services of the condominium staff. There is a difference!

On-site are employed by the builder. As such they are motivated to show you why their development is a fine development. On the other hand, a Condo 1 Alexandria agent works for you and has no reason to drive you toward a particular site or building. I want to find the best property for you.

Whether you're buying a used condominium from a condominium owner or a new condo from a condo office, it's a good idea let Condo 1 Alexandria take you on a guided tour of facilities and the units that are available for purchase. Your real estate agent will have an understanding of the condominium ownership structure and the condominium documents and the real estate agent can explain what this means to you.

You get the cash flow. We get the work.

Your investment in your condominium is a business like any other. As a landlord, you have expenses, income and with perserverance the expectation of financial reward.

In the business of real estate investment, nearly all cashflow comes from tenants. And that's the catch: If you have tenants, you will have problems. Even the best of tenants have needs and all properties will require maintenance or management at some point.

A good renter will respect your property and pay timely rent. A bad renter can damage or destroy your property. The worst of all renters damages your property and does not pay any rent at all. Life's too short to deal with bad renters.

At Condo 1 Alexandria, we'll find the best quality renter for your property. Once the property is leased, we'll do the administration and handle the details of managing the property. We'll maintain your good name and foster good relations between you and the tenant, but we will set clear boundaries so that your renter understands his rights and duties as a tenant.

Call us now to discuss how Condo 1 Alexandria can serve your needs: 703 765 0300.

If you're in the market for a condo, one of the first decisions you need to make is whether to by a newly built condo, or to by a previously owned condominium. Both have advantages and both have pitfalls. Here are a few thoughts to consider.

The majority of condos that are sold are existing condos. This is neither an advantage or a disadvantage---simply a fact. The majority of marketing materials and advertisements you will see for condos is for new construction.  This means that it is easier to find ads, pretty pictures and floor plans for new condos.

One of the advantages of buying an existing condo is what you see is what you get. There will be no surprises, good or bad. There will be no change orders.   You won't have to look at a model and a floorplan to get an idea of what you are buying. Instead, you can tour the property that you will actually buy.

You can move into an existing condo as soon as your loan and title work are finished. There will be no construction delays. Construction delays can be sizable and in today's market it is even possible for the builder to fold-up shop before the project is completed.

All properties, condos included, have kinks.  That is to say, there are unexpected problems with the construction, lay-out or plan.  In an existing condo, the owners have already discovered, identified and usually solved those problems. In a new condo, you never know what the problems will be.  If anyone could have predicted that unexpected problem it wouldn't exist!

Existing condos are in established neighborhoods. The traffic patterns are set. The views are what they will be.  Established neighborhoods have a tendency to have "enough" shopping outlets.  Established neighborhoods have very predictable values in the future.  New neighborhoods can have unexpected increases or decreases in value.

One of the disadvantages of buying an existing condo is that you might not have some of features you want. This can be simple things like have the cable wired on the wall where you prefer to put your TV. You might have to compromise on your laundry room and be forced to share a community laundry. You might find that the layout is not exactly as you would like it. A newly built condo always has the latest features and if it is brand new construction the builder can sometimes tailor the unit to your demands.

Let's face, brand new buildings are often more appealing than old condos.The materials, the stylings, even the smell of a new condo is enticing. New condos are fun and bright and designed to appeal to the latest notion in the buying public. A new condo will not require any special assessments or repairs.  It's in perfect shape.

To weigh your options between new and previously owned condos, contact Will Nesbitt with Condo 1 Alexandria. 

Great times at the Condo 1 Alexandria Christmas Party!

This year's Condo 1 Alexandria Christmas Party was held at Yaku in Arlington. Yaku is a unique mix of Peruvian and Asian food. The atmosphere is upscale, chic and fun.  Some of the top agents at Condo 1 Alexandria and Condo 1 Alexandria affiliates were there along with some of our business associates and friends.

My wife Julie and I had the chance to mingle with former Condo 1 Alexandria agent and property manager John "Mc Millions" McMillin. John is now a broker of the newly formed Landsdowne Realty.

Julie got a big hug from "Diamond" Lynn, a top producing Condo 1 Alexandria agent. In the background, you can see Tom Meyer Condo 1 Alexandria founder and broker of Condo 1 Alexandria in Arlington.

Tom Meyer looks happy to be seated between Antonella and Julie. Tom headed off for the Carribbean the next day. He'll be tan in January!

Our party was upstairs in a catwalk-style loft. If you've never been to Yaku, I suggest you check it out. The artwork was simply amazing to me. The food was unique and the atmosphere was great.

If you're thinking of buying a new condo, you probably already know that every new condo development will have its own sales staff. These people are often friendly, helpful and very knowledgeable about the new condominium. However, these folks work to sell this property only. The on-site staff of a new condominium knows the property as-well-as or better than anyone around and they are there to assist you but they work for the builder.

When in the market for a new condo, it's a good idea to employ a condo expert such as Will Nesbitt of Condo 1 Alexandria to protect your interests. A condominium agent knows the entire area, not just one property. An expert knows the pitfalls and benefits of buying new, and best of all it won't cost you one dime more than if you use the onsite staff. You have a right to representation: exercise that right today!

This article was reprinted by permission from CondoBenefits.com. If you are a condo expert or if you would like a link from CondoBenefits.com just drop me a line. I'm building a directory of condo experts from around the country at that site and would love your input!

I met with a first-time buyer over the weekend. She was prequalified by Condominium Mortgage. Prequalifying helped frame her choices. It's a waste of time and energy to look at homes that are outside of the budget, so prequalification is the first step for any home buyer. Here are the steps that we'll be taking on the road to home ownership.

1. Tour properties --- We took a top level tour of some of the properties that are in her budget. This gives the client something concrete and real to think about so that she can decide whether this home ownership thing is for her or not. In addition to the units we saw, I can think of a number of places that would also fall within this client's budget and still offer a very reasonable commute to Ft. Belvoir. But I wanted to get her impressions of these places before going on a bit deeper.
2. Revisiting --- We'll revisit those communities that hold the greatest interest and look at everything available in those communities.  (So far we just did a top level search.)
   
   • A few more choices --- If none of these really feel right, we'll find a few more to consider and continue with the search.
3. Make an offer --- When we've found the property that stirs the soul, fits the budget and feels right, I'll write up an offer. At that time I'll collect "earnest money".
   
   • The earnest money is evidence that the seller is serious about the purchase and is held in escrow until the sale is completed. We'll submit a preapproval letter, a copy of the earnest money deposit and the signed offer for the seller to consider.
4. Negotiations --- Sometimes there is a difference between the asking price and the selling price. The selling price is determined by negotiation. We'll pass drafts of the contract back and forth until the buyer and seller have agreed on all terms.
5. Loan processing --- Julie at Condominium Mortgage will then collect documentation from the client. This documentation will serve the purpose of proving the representations made in the loan application process. The buyer will produce pay stubs, bank statements etc. Julie will also order an appraisal as required by all lenders.
   
6. Settlement --- Settlement is the word used to describe the actual transfer of ownership. We'll settle on the property in a timely fashion on an agreed upon date. Settlement will occur at a title company's office and a settlement agent will ensure that funds are present as is marketable title.
7. Ownership --- Here's where the fun begins ... as does the responsibility of home ownership.

Here are some common questions to ask your agent, your mortgage broker and yourself when you are thinking of buying a condo.

• How much can I afford per month?
  
• Is the condo is my price range?
  

• Is the community that I like?
  • Where are the grocery stores, shopping malls, bars?
    
• Is there enough space for my needs?
  
• What is the condition of the condo unit?
  

• Do the common areas need repairs, renovations?
  
• How old is the condo?
  
• Is there a parking facility?
  • Is parking assigned?
  • Is there a fee to park?
  • Is there guest parking and if so where?
    
• Does the condominium have access to public transportation?
  • Metro or bus only?
  • Shuttle or Limo service?
• What are the chances that this condo will increase in value?
  
• What type of security system is in place?
  
• Does the condominium association allow pets? If so how many and what type?
  
• What are the condo fees and what they include?
• What is the condo association policy about renters?
• How much is in the reserve fund?
• Does the condo association have a certificate of insurance?
  

In 1669 John Alexander bought the land that became Old Town from an English ship captain. John Alexander paid the tidy sum of 6,000 pounds of tobacco. Almost twenty years later, the town of Alexandria was formally established in 1749.

Today, visitors, tourists and travellers alike come to Alexandria VA to taste the quaint colonial and historical feel of this city not far from Washington DC. It's a place frequented by historical figures like George Washington and Robert E. Lee. Even for those like me, who were born in Fairfax and who have lived for many years in Alexandria, one never tires of the rich heritage of Alexandria.

Maybe that's because there's always something to do in Alexandria. A bike ride or a stroll along the Potomac Waterfront is pleasant, or perhaps a boat ride on the river. There are more than a hundred restaurants in Old Town alone. Standard favorites such as seafood, steak or Italian are here, as well as ethnic cuisine from around the world. For a taste of the colonial try Gadsby's Tavern, where George ate.

Alexandria is easily accessed by Metro and free trolley. The King St. trolley passes antiques shops, art galleries, boutiques and shops.  Take a walking tour of Alexandria, or visit the Ramsay House to get a feel of Old Town.

With the new US Patent & Trademark Office, Alexandria's proximity to the Pentagon and DC and it's easy access to Fort Belvoir and Bowling AFB, every day more people discover why this is such a great place to live and work. I work, play and live in and around Alexandria VA. I'd love to help you find a place but doubt I can top the deal that John Alexander got when he paid 6,000 pounds of tobacco for his homestead. Today, that much tobacco might set you back $9000! The good news is that 6,000 pounds of tobacco will cover your closing costs for most condos in Alexandria!

Condo 1 Alexandria has access to important information on real estate values, taxes, utility costs, COA fees, municipal services and facilities. Condo 1 Alexandria uses this information to filter properties and then shares this information with you so that you can make your most informed decision possible. Condo 1 Alexandria researches your housing needs in advance through the Multiple Listing Service - even if you are relocating from another city. We also understand the traffic patterns of the Metro area and why some areas are more desirable than others.

Condo 1 Alexandria has no emotional ties to the condos you may be considering. As such, we can be objective about the property and can point out advantages and disadvantages while answering your questions. Your Condo 1 Alexandria agent represents you, the buyer, in the transaction. Condo 1 Alexandria will negotiate the most favorable price and terms on your behalf. Condo 1 Alexandria can tell you if local law requires an attorney at closing and can provide you with a list to choose from if you don't have one.

Condo 1 Alexandria will help familiarize you with the closing process by explaining it all in advance. And your Condo 1 Alexandria agent will be there with you at closing to make sure that everything proceeds properly.

Condo 1 Alexandria is part of a network of professional colleagues, such as appraisers, home inspectors, mortgage lenders, contractors and insurance agents - through which you may be more completely served.

Condo 1 Alexandria shows you only those homes best suited to your needs - size, style, features, location, accessibility to schools, transportation, shopping and other public facilities.

Contact Us

Call 703 765 0300 or email us. We'll care about you.

Property management is a business in and of itself. If you want to invest in real estate, but you don't want to be a property manager, the solution is really quite simple: employ the services of Condo 1 Alexandria. Our property managers are experienced individuals who will manage the day-to-day operations of your propery. We manage residential properties, multi-family properties and even homeowners and condo associations.

A big value-add provided by your Condo 1 Alexandria property manager is "separation". This to say, your Condo 1 Alexandriaproperty manager maintains a level of separation between the landlord and the tenants and the property. As you may already know, it's important to invest in real estate without emotionally investing in tenants or property. Your Condo 1 Alexandria property manager helps ensure that you always make the best decision for your family, rather than making the best decision for the tenant's family.

So, your Condo 1 Alexandria rental property manager serves as a buffer between the owner and his tenants. Condo 1 Alexandria can help you find tenants, handling repair projects and maintenance, oversee improvements, collect rent, and even pay some expenses and taxes. The specific tasks we handle vary based upon upon the needs and wishes of the property owner.

Condo 1 Alexandria Property Management also handles commercial properties such as office buildings, freeing the owners from the day to day responsibilities. Additionally, a competent Condo 1 Alexandria property manager gives you protection from certain liabilities.

Condo 1 Alexandria usually charges a percentage of the rents collected. Every aspect of Condo 1 Alexandria property manager's responsibilities will be outlined in a contract signed by both Condo 1 Alexandria and the landlord. This agreement details financial responsibilities and specifies the types of financial reports the landlord can expect.

Your Condo 1 Alexandria property manager will stay current on new laws and condo regulations which may be relevant to your situation. Condo 1 Alexandria Property Management takes a lot of the burden off of owning rental real estate. Most Condo 1 Alexandria property managers are themselves landlords. They know your needs.