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Silver River Real Estate
Over 20 years of Real Estate Experience
Phone: (703) 657-8112 ext. 702 |
Dan Stein |
We have over twenty years of experience in Fairfax County real estate sales. We really know how to help you look for a home in Northern Virginia, and we know how to look for the little signs and indicators of potential problems in a home.
 BUYING
OR SELLING A HOME?
Look no further! We know the Northern Virginia real estate market
inside and out. Fairfax County Properties will make sure that you
receive the best possible deal. Why go to just anywhere when you can
get the best? Providing you with experience and expert negotiating
skills to insure that you receive the best price for your new home.
If you are buying or selling, we will offer you a consultation detailing
the home buying process. Find you a lender to make sure you are pre-qualified
or pre-approved to determine your purchasing power in the market today.
We follow through with the entire process with you until your home
buying goal has been met.
About Selling Your Home…
A listing agreement or contract between broker and seller is a written
agreement to list a property for sale, frequently with property
data entered into a Multiple Listing Service (MLS) in addition to
any other ways of advertising or promoting the sale of the property
and must include the following:
The starting and ending dates of the agreement
The price at which the property will be offered for sale
The amount of compensation due to the broker
Commission - A real estate brokerage
usually earns its commission after entering into a listing contract
and fulfilling agreed-upon terms. In consideration of the brokerage
successfully finding a satisfactory buyer for the property, a broker
anticipates receiving a commission for the services the brokerage
has provided. The payment of a commission to the brokerage is contingent
upon:
Finding a satisfactory buyer for the real estate for sale
Successful negotiation of a purchase contract between a
buyer and seller
Settlement of the transaction and the exchange of money
 Lockbox
- With the sellers’ permission, a lockbox is placed on homes
that are occupied and, after arranging an appointment with the homeowner,
agents can show the home. When a property is vacant or where a seller
may be living elsewhere, a lockbox will generally be placed on the
front door. The listing broker helps arrange showings of the property
by various real estate agents from all companies associated with the
MLS. The lockbox contains the key to the door of the property and
the box can only be opened by licensed real estate agents by using
some sort of secret combination or code provided by the brokerage
or the issuer of the lockbox.
What to expect from your agent…
Find real estate in accordance with the buyers needs,
specifications, and cost.
Takes buyers to and shows them properties available for
sale.
Prescreen buyers to ensure they are financially qualified
to buy the properties shown
Negotiates price and terms on behalf of the buyers and
prepares standard forms.
Find real estate in accordance with the buyers’ needs,
specifications, and affordability.
Assist the buyer in making an offer for the property.
Appraisal
A real estate appraisal is a service performed by a licensed or
certified appraiser, who develops an opinion of value based upon
the highest and best use of real property. The highest and best
use is that use which produces the highest value for the land, as
if vacant. Typically residential appraisers agree to accept orders
from lending institutions with the understanding that payment will
be made following settlement, or closing of the loan.
Commercial Real Estate
The term commercial property includes business property, office
buildings, industrial property, medical centers, hotels, malls,
retail stores. In many states residential property containing more
than a certain number of units qualifies as commercial property
for borrowing and tax purposes. Commercial property is intended
to be operated at a profit, either from capital gain or rental income.
 Market
Value
Forming an opinion of market value is the purpose of many real property
appraisal assignments. There are three usual approaches to determining
the fair market value of a property. The appraiser will determine
which of the approaches is applicable and develop an appraisal based
upon information from each individual market area. Costs, income,
and sales vary widely from area to area and particular importance
is given to the specific location of the property.
Cost approach - The theory is that the
value of a property can be estimated by summing the land value and
the depreciated value of any improvements. It is the land value,
plus the cost to reconstruct any improvements, less the depreciation
on those improvements. In most instances, when the cost approach
is involved, the overall methodology used is a hybrid of the cost
and market data approaches.
Sales comparison approach - The
sales comparison approach looks at the price or price per unit area
of similar properties being sold in the marketplace. Simply put,
the sales of properties similar to the subject are analyzed and
the sale prices adjusted to account for differences in the comparables
to the subject to determine the fair market value of the subject.
This approach is generally considered the most reliable, if good
comparable sales exist. In any event, it is the only independent
check on the reasonability of an appraisal opinion.
Income
approach - The income capitalization approach
is used to value commercial and investment properties. In a commercial
income producing property this approach capitalizes an income stream
into a present value. This can be done using revenue multipliers
or single-year capitalization rates of the net operating income.
Mortgages
The main source of capital used by individuals and small companies
to purchase and improve land and buildings is mortgage loans - bank
loans for which the real property itself constitutes collateral.
Banks are willing to make such loans at favorable rates in large
part because, if the borrower does not make payments, the lender
can foreclose by filing a court action that lets them take back
the property and sell it to get their money back.
 Multiple
Listing Service
Multiple Listing Service (MLS) (also Multiple Listing System or
Multiple Listings Service) is a database, which allows real estate
brokers representing sellers under a listing contract to widely
share information about properties with real estate brokers who
may represent potential buyers or wish to cooperate with a seller's
broker in finding a buyer for the property.
Property Management
A property management company is tasked with the responsibility
of managing the multiple aspects that come along with the ownership
of real estate. In exchange for the service they provide, property
management companies charge landlords a percentage of the gross
rent collected each month (typically 3-10%), in addition to lease
commissions. Property manager relations with Tenants gives a face
to the Landlord and provides them the necessary buffer servicing
their desire to profit and distance themselves from their tenant
constituency.
Duties of property management companies include:
Accepting rent
Responding to and addressing maintenance issues
Advertising vacancies for landlords
Doing credit and background checks on tenants
Real
Estate Developer
A real estate developer makes improvements of some kind to property,
thereby increasing its value. The developer may be an individual,
but is more often a partnership, limited liability company or corporation.
There are two major categories of real estate development activity:
 Land
developers - Land developers typically acquire natural or unimproved
land and improve it with utility connections, roads, earth grading,
covenants, and entitlements. Infrastructure improvement provides
a base for further development of built improvements. Covenants
define the context in which future development of built improvements
may take place Entitlements are secured legal permissions from regulatory
bodies (typically in the form of permits, but sometimes in the form
of re-zoning or planned unit developments). Once these improvements
have been made to the raw land, it is typically subdivided and sold
piecemeal at a profit to individuals or building developers.
Building developers- Building developers acquire raw land,
improved land and property in order to construct building projects.
The buildings are then sold entirely or in part to others, or retained
as assets to produce cash flow via rents and other means. Some building
developers have their own internal departments for designing and
constructing buildings (more common among larger developers), while
others subcontract these parts of the work to third parties.
Find Services for:
HOMEOWNER INSURANCE
Competitive rates through major carriers and outstanding customer
service. All your other insurance needs can be conveniently handled
through this full-service agency as well.
 HOME
PROTECTION PLAN
Protects you against unexpected breakdowns of many major systems
and appliances in your newly purchased home.
HOME WARRANTY SERVICES
Find home warranty services, moving services, relocation, property
management, rentals, and more.
FINANCIAL SERVICES
Whatever service you need, it's here! Conveniently handled through
a professional agent
MORTGAGE CREDIT OPTIONS
Compare mortgage rates, terms and products and receive mortgage
counseling.
MORTGAGE FINANCING
Financial Services including Mortgage Financing are available to
make it all quick and easy
PERFORMANCE GUARANTEE
Just tell your what your needs are, and we'll take it from there.
TITLE INSURANCE
Title insurance insures against things that have occurred PRIOR
TO the issuance of the policy. We examine all records to search
for - and cure - possible defects in title.
 Find
Homes with:
Atrium
Attic
Basement / cellar
Conservatory
Family room
Foyer
Laundry room
Library
Living room or den
Lounge
Office or study
Parlor
Recreation room / rumpus room
Sunroom
Storage room
Workshop
Click
here for info on finding a home, or selling
a home.
Phone: (703) 657-8112 ext. 702 |
©HomesDiscounted 2008
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