Homes - Valley Real Estate Guide - October 2018 by Northern Virginia Daily

The Northern Virginia Daily

Homes - Valley Real Estate Guide - October 2018

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Team • $6.5 Million already i

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Summer is hot with buyers. Call for a free price analysis

THE COOK TEAM LOCAL TO SHENANDOAH VALLEY AND NORTHERN VA D UCE D E R

Additional Land Available WR10302993 $399,900

ER T UND TRAC N CO

Open Floor Plan WR10306293 $334,900

Park Like Charm WR10285314 $378,900

ER T UND TRAC N CO

D UCE D E R

LD SO

Renovated Church WR10279518 $399,900

LD SO

In Town WR10271046

Gated Community WR10237824

LOCAL & AVAILABLE Powered by the #1 Real Estate Franchise, Keller Williams Realty

Desired Neighborhood WR10239248

Shenandoah Shores WR10267483 $225,900

TUR A E F

414 Dungadin Rd. WR10321413 $448,000

Shenandoah Farms WR10266557

Spacious, open floor plan. custom island/breakfast bar gives add’tl seating & cabinet space. 2 greenhouse windows in the kitchen. Many upgrades have been made, including finishing basement. Master bedroom closet made larger. Gas fireplace in dining room. Expansive rear deck. Fully fenced back yard. In law suite possible in basement. Oversized 2 car garage w/ workspace. $2000 paint credit to buyer.

• The Cook Team has experience successfully working with buyer, sellers, renters & landlords, and Investors who are looking for commercial, residential, land and investment properties. They answer their phone! Call today! • Jessica Cook, ABR, MCNE, AHWD, MRP, VHDA certified Military Relocation Professional 2018 BRAR~Secretary/Treasurer Chairman’s Award Recipient, BRAR - 2014 President’s Award Recipient, BRAR - 2015, 2016, 2017 • Believes in “giving back” through Phoenix Project as Board member, Sponsors Habitat for Humanity Warren County and supports Least of These Haiti, Triple “H” Therapy, Humane Society of Warren County, KW Cares, and KW Kids Can.

Jessica and Brad, your Local Real Estate Professionals j.cook@kw.com

j-cook.kw.com

540.335.1675

703.330.2222

The Northern Virginia Daily

Homes - Valley Real Estate Guide - October 2018

Tips for first-time real estate investors nance their investments in real estate. Investors should not just make sure they can meet that 20 percent requirement, but also ensure they have enough capital left after making their down payments to address any repairs that need to be made. If not, they might have trouble attracting renters willing to pay enough in rent. Such figures may seem too good to ignore for many prospective real estate investors. Interest rates But investing in real estate can be risky, Prospective real estate investors may be and itâ&#x20AC;&#x2122;s important that first-time investors surprised to learn that investment property consider a host of factors before deciding loans are often subject to higher interest to delve into the real estate market. rates than those for home buyers borrow-

Real estate can be a good investment that helps build wealth and secure a financial future. According to Investopedia, average 20-year returns in commercial real estate hover around 9.5 percent, while residential and diversified real estate average returns of 10.6 percent.

Current finances

Real estate can potentially yield big returns, but these may only materialize after investors spend ample amounts of money refurbishing or even maintaining their investment properties. Prospective investors without the capital on hand to finance repairs or routine maintenance may find it difficult to make their properties appealing to potential tenants, which can make it harder to meet mortgage payments. Prospective investors who already have sizable debts, be it consumer debt or existing mortgage payments, may want to pay down those debts before investing in real estate.

ing to purchase a primary residence, says Quicken Loans. Investors should not count on getting the same or better interest rates for their investment properties that they did when buying the homes they currently live in. Financial reserves

Some lenders may require that prospective investors have sizable financial reserves before they will lend them money to invest in real estate. Some may require that borrowers have several monthsâ&#x20AC;&#x2122; worth of reserves to finance both their personal lives and their investments. If a 20 percent down payment would make that impossible, then prospective investors may want to wait a little longer to invest and save more Down payments According to Wells Fargo, mortgage insur- money until their financial reserves would prove more acceptable to lenders. ance does not cover investment property, Investing in real estate can yield big reand loans typically require a minimum turns. But first-time investors should know down payment of 20 percent of the value that such investments are vastly different of the property. So prospective investors cannot count on mortgage insurance to fi- than investing in a home for oneself.

The Northern Virginia Daily

Homes - Valley Real Estate Guide - October 2018

BEASLEY REALTY 146 South Main Street, Woodstock, VA 22664 540-459-2123 • www.ERABeasley.com

EQUAL HOUSING

EACH OFFICE INDEPENDENTLY OWNED AND OPERATED • Licensed in Virginia

OPPORTUNITY

Congratulations to our new Broker/Owner – Allison Bull Thorpe!

Allison Thorpe Broker/Owner

Allison Thorpe 335-8201

Pam Baber 664-8957

We are pleased to announce that Allison has stepped up as the new Principal Broker & Owner of ERA Beasley Realty! Allison has worked at ERA Beasley Realty for 15 years, starting as a secretary then working to obtain her real estate license in 2012. She was named Rookie of the Year in 2013 by the Massanutten Board of Realtors and also achieved President’s Club yearly. She has been nationally recognized by ERA each year achieving the Circle of Honor & Circle of Achievement Awards. In 2016 Allison was promoted to Sales Manager and began spending much of her time with our agents. She has diligently worked to improve the overall success of our office by completing multiple ERA Sales, Leadership and Management courses. Early in 2018, Allison obtained her Broker license and was then promoted to Managing Broker. ERA Beasley Realty was founded by Mike Beasley who has given 40+ years of Real Estate expertise to our Community. Mike will continue to sell real estate at ERA Beasley Realty. However, he chose to step back from some of the stresses of ownership to enjoy more quality time with his family & friends. Allison’s goal is to provide a high level of service in the Valley using all of the new technological tools associated with the Real Estate Industry. She is excited about the future of ERA Beasley Realty and will work hard to maintain the level of trust and professionalism the community expects.

Mike Beasley 325-2123

Paul McCarus 335-3900

Delores Rutz 975-0496

Susan Phelan 631-4073

Dave Shalap 481-0966

Cheryl Shalap 336-5763

Erik Thorpe 333-5406

Phil Stoneburner 325-4218

David Uhl 325-5098

Scott Baber 664-8908

Patty Murden 325-5829

We would like to Welcome John Tatum and Yvette Proctor to our Team of Professionals. They both come to us with years of experience in the Real Estate field. We are excited to have them join our Team of Professionals and urge you to contact them for all your Real Estate needs and let them put their years of experience to work for you.

John Tatum 226-6648

Yvette Proctor 333-1238

Download our mobile app for searching on the go: HTTPS://WWW.ERA.COM/APP/2248 Text BEASLEY to 35620 for listings near you!

Homes - Valley Real Estate Guide - October 2018

5 ways to get acquainted with a new neighborhood Across the country, people are packing boxes, hiring trucks and moving short and long distances. The U.S. Census Bureau says that around 12 percent of the population moves each year. According to a survey by DuProprio, a Quebec-based real estate advice site, 28 percent of Canadians feel the need to move every five years. Surprisingly, DuProprio also found that 14 percent of owners wish they could move every year. The main reasons people move are expansion of the family, a career change, retirement, empty nest situations, or when moving is more practical than large-scale home renovations. While some people stick close to previous home locations, a 2015 American Community Survey found approximately 16.9 million people moved to a different county in 2015. Whether a move is across county lines or overseas, it can take some time to acclimate to a new neighborhood. These tips can help anyone get acquainted with their new surroundings and make friends in the process. 1. Host a housewarming party. Get to know immediate neighbors by hosting a party. After some unpacking is done, host a simple get-together for people who live nearby. Ask if neighbors can help out by bringing chairs. Offer light refreshments and some type of activities for children. The event doesn’t have to be extensive, just long enough to engage in some conversa-

tion and introduce yourself. 2. Walk and drive around. Scout out the area by driving around and making note of shopping centers, parks and places of interest. Schedule times when you will get out of the car and walk around on foot, which makes it easier to take everything in. Use a website like Walkscore.com to find places within walking distance of your new home. Bring the dog along. Dogs can be great ice breakers with new neighbors. 3. Check out community blotters. Community events may be posted in print and distributed through a local newspaper and also on municipal websites. Find out where the locals go on weekends or during the week. Communities may take pride in certain activities. It’s easier to get a feel for the neighborhood by spending time with the locals. 4. Become active in the community. Find a volunteer organization or join a local house of worship. Check with the local chamber of commerce for ways to get involved or clubs to join. Like-minded people can make living in a new locale more enjoyable. 5. Dine out once a week. If budget allows, try a new neighborhood eating establishment each week to get a lay of the land. You’ll identify hot spots and hidden gems and will also be able to mingle with the community. An app such as Open Table can help you find places to eat nearby.

The Northern Virginia Daily

Homes - Valley Real Estate Guide - October 2018

The Northern Virginia Daily