Frequently Asked Questions

How much money do I stand to make on the sale of my townhouse? Great question, the step to determine how much your townhouse is worth is to make sure you ask your Realtor® to complete a CMA- a Comparative Market Analysis. This will help you to know what similar townhouses in your neighborhood listed for and actually sold for. Once you have a this neighborhood sales information, you will want to take into account the real estate market appreciation for your Loudoun County and any home improvements completed since you lived in your townhouse. And finally, it is imperative to have your townhouse appraised by a licensed appraiser. Home appraisers are independent contractors who are certified and accredited in determining the value of your townhouse. If you are interested in seeking Comparative Market Analysis, learning about the Loudoun County real estate market trends, or enlisting the service of an appraiser, simply send an email to HelpYouLearnTheValue@VirginiaIsForTownhomes.com - it would be our pleasure to assist and lend you our expertise.

How do I know when my townhouse has gotten too small? If you are out of space, and need more living space in your townhouse, you will know. What you will want to do is to begin looking for new townhouses that will suit your needs, find out home much your current townhouse will sell for, and begin to organize your finances.

What happens if my home doesn’t appraise? Get a second opinion from another appraisal company. Most appraisers perform an accurate appraisal of a home, however, some miss the mark. It will cost you another appraisal fee, but it is well worth the money spent. If after the second appraisal, your townhouse doesn’t appraise, seek the expertise of your Realtor®.

How much will my closing costs be on my new townhouse? A good approximate cost to expect for closing costs in Loudoun County is usually no more than a few thousand dollars. You will have to pay for the grantors tax, settlement charges, unpaid items and adjustments. Remember, every home and each home sellers situations are different. You will want to ensure you check with your Realtor to find out your exact charges for the closing costs.

Should I buy another townhouse or a single-family home? Ask yourself if you want a yard, the responsibility to maintain a yard, and more privacy? If you do not think these living elements are important, a townhouse would be a good home for you.

When is the best time to sell my Loudoun County Townhouse? Because the real estate market changes so quickly, it is imperative that you refer to your Realtor® for their expert advice.

What is the average time on the market for a townhouse? This depends on the available townhouses for sale in your neighborhood, the real estate market, the condition of your townhouse, and your asking price. The key factor to a good expectation for days on the market is to plan accordingly. If your townhouse is priced competitively to sell and is in move-in condition, it is likely that it will sell faster than a townhouse priced to earn money and is not in move in condition.

Should I remodel before I sell my townhouse? Some townhouse cosmetic changes warrant a higher return on investment than others. Seek the expertise of your Realtor® to ask specific remodeling questions about your townhouse before you begin any home improvements.

Why hasn’t my townhouse sold? Great question, it’s probably due to a combination of things. Is your townhouse priced higher than other townhouses, if so, lower the asking price. Does your townhouse have a specific scent that is unique to your home? Not sure, ask a friend. Have you implemented the townhouse staging techniques your Realtor® suggested? If not, hire someone to help you. Is the real estate market a buyers market? If so, seek the expert advice of your Realtor® to find out methods to making your townhouse stand out from the others for sale.

If my house sells immediately, was it under priced? Not necessarily, perhaps you were fortunate enough to have townhouse buyers who were very motivated to buy your home.

What about cleaning? Deep clean, follow up with cleaning some more, and do not forget to clean outside too. First impressions are very important to townhouse buyers. They will usually know within the 1-minute if they can image living in your townhouse. If you are unsure about how this will affect the sale of your townhouse, ask your Realtor® to show you some other townhouses for sale and determine what you think is a good standard for a clean townhouse to show buyers.

What price should I ask for my townhouse? Many factors determine the asking price for your townhouse: How much did you pay for it? How long have you lived there? Have you completed any home improvements? What are the real estate market conditions of your area? What are townhouses in your neighborhood selling for? It is imperative that you seek the expert advice of your Realtor to help you determine the best asking price.

What kinds of inspections are necessary? There are many different kinds of inspections. You will most likely have a home inspection and a radon inspection. These are just a few of the many different kinds of inspections that go along with selling your home. Please consult with your Realtor® to find out which inspections will most likely occur during the sale of your home.

How does the entire townhouse selling process work? Virginia is for Townhomes has a 6 Phase townhouse selling system that will make your townhouse sale- informative.

Should I select the Realtor® who says they can get me the most money? No, you should select the Realtor® who will provide you with top notch marketing. This means finding a Realtor® with the dynamic of best sales price, attention to detail, who is an expert in understanding real estate contracts, offers helpful advice, and most importantly—one who is responsive to your needs.