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Market Conditions in Old Town : Real Estate Advice

  • All16
  • Local Info1
  • Home Buying6
  • Home Selling0
  • Market Conditions4

Activity 4
Wed Dec 4, 2013
Jim Olive answered:
You can't really place a value on a property that you've never laid eyes on, and since the computer models have no eyes...they can't give you a solid evaluation. They might have "blind luck" from time to time (as Robert suggested...in the "cookie cutter" neighborhoods), but that's all it is. Do NOT place too much faith in them. That said, however, they are a decent place to START when evaluating value, just make sure you add and subtract value for differences between homes (ie: a pool will add value to the house that has it, and being really outdated will subtract value from a home)... ... more
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Wed Dec 4, 2013
Will Nesbitt answered:
We have a lot of experience managing properties in Old Town Alexandria. Check with us for the most up to date information.
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Wed Dec 4, 2013
Will Nesbitt answered:
Never trust automated estimates for anything important. They have a margin of error of 5% to 10%. Full explanation in the link below.
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Mon Dec 6, 2010
Delaine Campbell answered:
For that amount you should be able to get into something decent around here (I'm in Old Town on King St).
It depends on how much you have for your down payment. You can probably do FHA or another modified loan if you have less than 20%, but it will cost you a little more. With interest rates at their all time lowest and prices here tend to hold their own even in a "bad" market I'd say start looking and buy something if you can.
Let me know if I can help.

Delaine Campbell, REALTOR
Old Town Alexandria
Long and Foster Real Estate
400 King St
Alexandria, VA 22314
(703) 932-6542 Cell
(703) 683-0400 Office
delaine@lnf.com
http://delainecampbell.lnfre.com/
... more
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