Realtor - Amanda S. Davidson: Buying A Home In Northern Virginia In 2018 – Part 2

Buying A Home In Northern Virginia In 2018 – Part 2

Buying A Home In Northern Virginia In 2018 – Part 2

This is part 2 of our buying a home in Northern Virginia in 2018 series. You can read part 1 of our series here. We pick up where we left off with senior loan officer Brian Pawsat of Caliber home loans to talk about taking the right steps to purchase a home this year and what the current market conditions mean for home buyers.


Buying A Home In Northern Virginia 

Brian makes an excellent point that unless you live with your parents you’re going to have a housing payment – that could be rent or it could be a mortgage. When you become a homeowner you are able to then include tax write offs – even with the new tax laws write offs are still in place. When you’re renting it’s strictly an expense. No write offs and no building equity. Take the time to sit down and really run the numbers, buying is often the better decision financially. 


Buying A Home In Northern Virginia 

Pre- Approval – it’s never too early to get pre-approved. In Brian’s words you don’t know what you don’t know. Finding out what you can qualify for is the first step towards owning a home. Gone are the days where a 20% down payment is a must, there are lots of other options available. Getting pre-approved as soon as you’re considering buying will also alert you if there’s anything that needs attention on your credit report. Waiting can mean a surprise comes up when you’ve already found a house you want to make an offer on and that’s not the kind of surprise anyone wants.


Buying A Home In Northern Virginia In 2018


To recap rates are rising and in Northern Virginia so are prices. This is expected to continue throughout the year and impacts buying power. Down payment varies by each individual borrower, don’t assume you need to put 20% down in order to purchase a home. Get pre-approved even when you’re just considering purchasing a home so that you know where you stand.







Amanda Davidson Real Estate Group





Amanda Davidson

Amanda Davidson Real Estate Group

Broker - Owner
Licensed in VA and DC

6485 Old Beulah Street
Alexandria, VA 22315

Cell: 703.431.3755
Fax: 703.562.7057

Comment balloon 15 commentsAmanda S. Davidson • February 17 2018 01:02PM


Good morning Amanda S. Davidson ,

Excellent series you have started. Both are very beneficial if your thinking about purchasing a home. Good video!!

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) about 1 month ago

Amanda, great post for those renters to think about the benefits of a home purchase.  

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) about 1 month ago

Great series, Amanda. Hope it's getting lots of views. And you've said what I've been saying for a while, so let's hope people start listening who have been sitting on the fence: "To recap rates are rising and in Northern Virginia so are prices. This is expected to continue throughout the year and impacts buying power."

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (RE/MAX Executive | Charlotte, NC) about 1 month ago

Hi Amanda, great series. Hopefully renters will get off the fence and by before the rates and homes prices go up. You do a great job with your videos and like the one on the Zillow premier agent on the side of this blog.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Perry Wellington Realty, Adam Conrad, Broker) about 1 month ago

Great post!  I love the video are such a class act!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) about 1 month ago

Terrific advice Amanda, and the video is a nice way to market it!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo & Home Sale Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) about 1 month ago

Hi Amanda S. Davidson - Sitting down with a trusted Loan Officer, whether you're a potential buyer or a real estate agent and/or Broker is so important. Clearly, you have established business relationships with credible lenders who you pass on to your clients. Everything about you is refreshing, current, and trustworthy too. That's why I would encourage prospective buyers to contact you when they are thinking about buying a home and even if they aren't sure. Staying current on your local market and how much your existing home is worth is so important too. 

Amanda, your knowledge content, and videos are excellent! 

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) about 1 month ago

HI Amanda S. Davidson - buyers need to see this video you created to help them understand the pre-approval process. Very nice job!

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) about 1 month ago

You do a good job on your videos, Amanda. What a good series and message you provide.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) about 1 month ago

Anyone thinking of buying a home in your market area should call you.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 1 month ago

Good morning Amanda.  Great information for anyone considering a home purchase in Northern Virginia.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 1 month ago

This is good reading for prospective home buyers.

Smart consumers are anxious to take advantage of the current very low mortgage interest rates.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) about 1 month ago

Thank you all so much for your feedback. I value each of your opinions and appreciate you taking the time to comment!

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) about 1 month ago

Great advice for buyers, talk to a mortgage professional and find out what you don't know at no risk. Well done, love the photos as well to break up the content.

Posted by Nick & Trudy Vandekar, 610-203-4543, Tredyffrin Easttown Realtors, Philly Main Line (Long & Foster Real Estate Inc 610-225-7400) about 1 month ago

Great post and great video! It really is true that you "don't know what you don't know" when getting pre-approved. Excellent points made!

Posted by Joy Daniels (Joy Daniels Real Estate Group, Ltd.) 2 days ago