U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
 
Old 09-06-2010, 12:59 AM
 
1 posts, read 1,089 times
Reputation: 10
Default First Time Homebuyer in NoVa

I've lived and worked in NoVa for about 6 years and have rented the entire time. I'm finally tired of it and ready to purchase my first home but I know I cannot afford anything where I live currently (Alexandria) with a police officers salary. I prefer to stay under 200k and want a townhome or single family home. I also don't want a long commute (30 minutes is ok).

I know, sounds crazy, but I figure I'd ask around here. I've already met with a Realtor and have been searching online finding all types of stuff. Wanted to see if someone here had any recommendations. I was thinking Lake Ridge... yeah? no?

Thanks in advance!
Quick reply to this message

 
Old 09-06-2010, 04:46 AM
 
Location: Virginia
4,121 posts, read 4,985,611 times
Reputation: 2539
There are many topics already on here regarding every neighborhood in NOVA. Lake Ridge has its nice neighborhoods and not so nice neighborhoods. Without knowing which ones you are looking at it really is hard to give an opinion.
Quick reply to this message
 
Old 09-06-2010, 06:42 AM
 
Location: Richmond, VA
2,240 posts, read 6,879,672 times
Reputation: 838
I am thinking $200K will not be enough for a single and maybe a stretch for a townhome...ALthough it really depends on location. And remember location is the most important rule in real estate...you want to have a good location for resale later. Have you thought about a condo? I am not all that familiar with your area but I know out here in Loudoun it is possible to find a condo for $200K...Ashburn has a few as does Sterling but that would make your commute too far. I think Herndon also would be good which is closer but still a strain on your commute.
My best advice is to call a real estate agent and have them help you narrow down an area. I work for a real estate team here in Loudoun and they help people all the time find the right location with the right budget. If you need a referral to someone in your area, DM me and I can give you a few names.
Good luck! Now is a GREAT time to buy with prices low and mortgage rates that are amazing. The further out you get from the city the better the prices will be.
Quick reply to this message
 
Old 09-06-2010, 10:20 AM
 
Location: Sterling, VA
1,043 posts, read 1,809,395 times
Reputation: 557
You already have an agent who will work on your behalf and you should know the areas to avoid from your experience as a LEO. I would like to suggest the Virginia Housing Development Authority (vhda.com) for loan programs available to Virginia residents only and checking with the HUD website (Locating New Page....) for foreclosures. Some are available with financing for any repairs needed. I think there is still a program called officer next door which offers a 50% discount on HUD homes for police officers in areas that are being revitalized. Your agent should know if there are any programs in your area. Good luck, it is very exciting when you buy your first home.
Quick reply to this message
 
Old 09-06-2010, 01:36 PM
 
Location: Virginia
4,121 posts, read 4,985,611 times
Reputation: 2539
Quote:
Originally Posted by Margery View Post
You already have an agent who will work on your behalf and you should know the areas to avoid from your experience as a LEO. I would like to suggest the Virginia Housing Development Authority (vhda.com) for loan programs available to Virginia residents only and checking with the HUD website (Locating New Page....) for foreclosures. Some are available with financing for any repairs needed. I think there is still a program called officer next door which offers a 50% discount on HUD homes for police officers in areas that are being revitalized. Your agent should know if there are any programs in your area. Good luck, it is very exciting when you buy your first home.

He/she may not be a LEO in the area he is looking.
Quick reply to this message
 
Old 09-06-2010, 01:39 PM
 
Location: Virginia
4,121 posts, read 4,985,611 times
Reputation: 2539
Quote:
Originally Posted by thisismarcus View Post
I've lived and worked in NoVa for about 6 years and have rented the entire time. I'm finally tired of it and ready to purchase my first home but I know I cannot afford anything where I live currently (Alexandria) with a police officers salary. I prefer to stay under 200k and want a townhome or single family home. I also don't want a long commute (30 minutes is ok).

I know, sounds crazy, but I figure I'd ask around here. I've already met with a Realtor and have been searching online finding all types of stuff. Wanted to see if someone here had any recommendations. I was thinking Lake Ridge... yeah? no?

Thanks in advance!
Another thing. A 30 minute commute will not be possible unless you are on the midnight shift. I'm assuming you work around Alexandria but if not then not sure what to tell you. More info might help.
Quick reply to this message
 
Old 09-07-2010, 01:47 PM
 
Location: the hometown of the 21st century
2,287 posts, read 2,032,698 times
Reputation: 773
Quote:
Originally Posted by thisismarcus View Post
I've lived and worked in NoVa for about 6 years and have rented the entire time. I'm finally tired of it and ready to purchase my first home but I know I cannot afford anything where I live currently (Alexandria) with a police officers salary. I prefer to stay under 200k and want a townhome or single family home. I also don't want a long commute (30 minutes is ok).

I know, sounds crazy, but I figure I'd ask around here. I've already met with a Realtor and have been searching online finding all types of stuff. Wanted to see if someone here had any recommendations. I was thinking Lake Ridge... yeah? no?

Thanks in advance!
Unless you work midnight shift, Lake Ridge to Alexandria isn't going to be 30 minutes. I'm seeing some SFH's in Dale City for under $200k, but ... Dale City probably isn't the best place in the world.

There's a fair number of 2BR+ condos in Reston, Falls Church, and Springfield for under $200k.

Good luck.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top