CONGRATULATIONS !!!!

We would like to congratulate Mr. Shiva Hari Acharya and Mrs. Shova Acharya for their new home purchase. A home is a haven for love, memories and happiness. Congratulations for getting yours.

My Listings

Hello and Namaste Sathiharu,

I hope this post finds you well. Its mid- august but the summer continues to remind us of its presence by offering sunburns, dehydration and increased electric bill.  If you are looking to buy a house this time of the year, you cannot escape the wrath of summer. What you could do is check out our listings and tour them. We have exclusive listings such as. a beautiful Town house in Manassas to a spacious condo in Alexandria, a completely renovated condo with 2 beds 2 baths to a Three level walk out Town home with kitchen in the basement. Even if you are not looking to buy but know someone who is, please give them our information, we guarantee to shower your reference with exceptional service.

Click the following link to view the listings:
http://mrislistings.mris.com/DE.asp?ID=70067010580

PWAR TOP PRODUCER 2015 AWARD - A THANK YOU TO ALL WHO TRUSTED ME.

MY NINE MANTRAS OF SUCCESS

1. Start from bottom: To be on top you need learn how to be on bottom first.
2. Dream to be on Top and believe in your dream.
3. Be ready to fail. Fail many times and use failure as important success tool.
4. Work hard & smart. Only working hard you can't go on Top, need to work smart too.
5. Never gave up: Never-Never gave up your dream and believe, success is not easy.
6. Enjoy what you do : Without liking what you do, can't go on the Top.
7. Master on work excellence: Whatever you do go excellence with full of knowledge.
8. Plan and execute. Be perfect on planning and execution, this is key to go on top.
9. Best service: Give world class of service to clients and love their success than yours.

Lets tour 25234 Dunvegan Sq, Chantilly, VA 20152

Dear Friends,

Hello and Namaste, 

Hope you are having a splendid summer. For today's edition, I am posting the pictures of a beautiful townhouse which I listed a week ago. 25234 Dunvegan Sq, Chantilly, VA 20152 lies in the heart of South Riding community. It sits about 2 minutes away from Rt 50 and 5 minutes away from Loudoun County Parkway. The peacock plaza shopping is only  minutes away offering services from pizzas to groceries to coffee. All in all, this is a great location to own a house. OK then, enough chatter, lets start this virtual tour, I hope you are ready because its about to get interesting.

This Town home has all brick exterior construction, a one car garage with door code. 

The brand new powder room at the entry level floor spares you from running up the stairs when nature calls. That's convenience at its maximum. The dark cherry vanity gives it an even classier finish. Don't take my word for it. See it to believe it. 

The Front door opens to a foyer, and long Chandelier hanging from the edge of the living room which gives this house a rather majestic look.

The Rec Room is built with a fireplace and opens to the backyard. 

Here is a beautiful view of the backyard. 

All the carpet in the house, from top to bottom, is  BRAND NEW.

 

 Step up into the second floor to find yourself in  the middle of a huge living room on the right and .. 

..... a super spacious kit-din on the left.

Here is the dining area which opens up to a beautiful view of the backyard. (on the right)

There is another powder room on the second level right as you come off the stairs. 

THE KITCHEN IS FULLY FURNISHED WITH GRANITE COUNTER TOP AND .. 

A BRAND NEW DISHWASHER !!!

   A BRAND NEW STOVE !!! 

A BRAND NEW REFRIGERATOR WITH ICE MAKER !!!

Top level includes a huge Master Suite with a walk in closet and an attached master bathroom

  

The Master Bathroom with dual vanities.

A Standing Shower or a Tub ?? This house has both.

Two Spacious Bedrooms with plenty of sunlight and closets.

Bedroom 1

                Bedroom 2

A huge common bathroom on the top level with a bath tub and single vanity. 

 And last but not the least, the view from the backyard. 

    And this concludes our virtual tour of this house. I hope you enjoyed it. If you know anyone who       will be interested in this property, please pass along my phone number 5712593984 to them. 

    Till then, stay hydrated. See you again. 

     Thank you. 

     Kabin Sitoula,Realtor®,SFR,REO Certified

     Spring Hill Real Estate, LLC.

     1577 Spring Hill Road #300B, Vienna, VA 22182 
     Off Ph: 703-552-3111, Cell: 571-259-3984

     Licensed in Virginia and Maryland
     OUTSTANDING SERVICE W/GREAT SAVINGS
     Over 12 years of Experiences" Experience makes Difference"
     www.sitoularealtor.com / www.nepalirealtor.com

 Putting a foot in a new home is one of the best steps that one can take in life.                            Congratulations, Miss Himali Mathews.

We would like to congratulate Mr. Sushil Paudel and Mrs. Sony Joshi on their new home purchase. May the windows and doors of your new home open up to good luck, prosperity and fortune for your entire family. Congratulations.

THE CO RELATION BETWEEN CREDIT SCORES AND LENDING

          Living in the United States, it is very important to fully understand the credit system. From cars, to furniture, to a house, we use our credit for almost every major purchase. A house is no exception. Your credit plays a very crucial role in determining your mortgage rates because based on your Credit Score, the lenders or the creditors will determine your qualification. There are different factors which are measured in points, and the total number of points is what a lender will use to predict how likely it is that you will repay a loan when due.

          A credit score is a number, generally ranging from 300 to 850. It is assigned to you to rate how risky of a borrower you are--the higher the score, the lesser the risk you create to creditors, and they can give you better rates Conversely, the lower your scores, the higher the risk to the lender, and your rates won’t be as good.

A score of

• 750-850 is considered excellent,
• 660-749 is considered good,
• 620-659 is considered fair, and
• 350-619 is considered poor

What effects your credit score ?

• Past Payment history (35%)
• Amount owed (30%)
• Length of History (15%)
• Types of Credit in Use (10%)
• New credit (10%).

Just remember: a poor score costs you more.

          Also, your credit future depends upon your credit history. So review your scores at least three to six months prior to shopping for a loan, so you'll have time to improve your standing before approaching a lender.

How to Improve Credit Score

1. Check your reports from credit bureaus for accuracy once a year and correct if necessary.
2. Pay your bills on time. This is always a good practice to increase score.
3. Reduce your credit card balances. Generally, it's good to keep your balances at or below 25-30 percent of your credit card limit.
4. Pay off debt rather than moving it around for lower rate. Closing out an account and transferring the balance will hurt the score.
5. Don’t open a lot of new accounts over short period of time or don’t open one at all if don’t need to.
6. A credit card or installment loan can raise your score as long as you don’t have high payoff and the debt is paid timely manner
7. Do not co-sign for anyone if you don’t have to. (you don’t know if they will pay bill or not on time)

If you want the best loan, make sure that your score is the best it can be.

We would like to Congratulate Mr. Ganesh Sitaula and Mrs. Sapna Paudyal for their new home. May God bless your new home with harmony, with love and happiness.

HOME BUYERS GUIDE - CHAPTER 1

        
A BRIEF INTRODUCTION TO  THE HOME BUYING PROCESS IN THE USA.


Dear Patrons,
Namaskar, 

Thank you for visiting our blog. I hope everyone had a great 4th of July. This new post will give you a condensed idea about purchasing  a residential property in the USA. I have tried to include all the details that you, as a prospective buyer, will need to consider before starting your house hunting adventure. 

Buying a house in America is not as hard as you think but is one of the most important financial decisions in life. Here are some basic information that you will need to consider before buying a house.

Firstly, find out if you are ready to buy a house.

ü  Make sure you have a steady reliable source of income from past two years.

ü  Make sure you will not be moving out to another city soon for any reason.

ü  Have a clear financial picture - make sure your income exceeds other outstanding debts (like credit cards, car payment) and other expenses so you will have enough money to make the monthly mortgage payment.

ü  Make sure you have enough funds to for down payment (3.5% to 20% of the sales price), and must have enough funds for closing cost i.e. 3% to 4% of sales price.

ü  Make sure you have checked your credit report at least few months prior to purchasing a house. Which will give you enough time to increase the score if you have to correct anything in your credit report. The better the score, the better your rates.  

Secondly, familiarize yourself with the mortgage process. The Loan given by the bank/lender to buy the property after the approval is called mortgage. Web is probably the best place to find out about the about mortgage process. However, I would recommend you to consult with a loan officer about your loan. This way you will be ready for pre-qualification procedure. Once the lender has pre-qualified you, they will issue you a pre-approval letter (The letter will be used while sending the offer).

After that, find a realtor you trust, discuss your needs, find the available houses and start your house hunt. While touring the houses keep following things in mind, they will guide you to make the right decision. 

ü  Decide the type and size of the house, like a new/old, single house, townhouse, condominium or any other based on size of your family and other factors.

ü  Look for a house of your price range based on your Loan approval and financial picture.

ü  Choosing a location is very important. Know the ins and outs of the area where you are thinking to make your purchase. Find the commute time to your job or business.

ü  Select a community which will be perfect for your daily life: consider things like school, public transportation, shopping facilities, and highways.

ü  Also consider the inside the house like structure, features, design, and age of house, conditions.

Once you like the house your realtor will help you to write the offer and to negotiate the price. You will only get the house if your offer is accepted by the seller, thereby turning the offer into a legal contract. Finally, the lender will approve your mortgage and you will go through the closing/settlement process.

A Few things to remember:

ü  Always get discloses about the house from seller. (HOA Disclosures/ CA Disclosures)

ü  Have the house professionally inspected, (Structural, plumbing, electric, Radon)

ü  Check your documents wisely before you sign. (Addendum, Contracts, Inspection Reports )

For new constructions you will probably deal with the builder through your realtor. If you like the location and the design, you need to put 5%-10% down and sign the contract. Usually the loan will be approved through their preferred lender, who at often times will help you with certain portions of your closing costs. The house will be delivered to you as per their construction schedule.

(Next post - Credit scores, mortgage details )

Introduction

Hello and Namaskar,

Thank you for visiting our blog. My name is Kabindra Sitoula and I have been helping Nepali and Indian friends with all their real estate needs for almost 13 years. I am licensed in Virginia and Maryland and currently with Spring Hill Real Estate, LLC.

During last 12 years, I have come across many friends who are very enthusiastic about buying a house but have no idea where or how to start and I don't blame them. Had I not been in the real estate business, I'd be clueless too. Having incurred such scenario rather frequently, I have decided to start this blog. The main focus or purpose of this blog will be to motivate, inspire and educate the new and upcoming buyers/sellers about everything related to the Residential Real Estate process.

Me and my partner, Nishes Bhattarai, will be uploading educational literature, client testimonies, real estate related articles from various sources, Q&A with the loan officers, Q&A with the title company and, various other materials pertaining to the Real Estate. Please feel free to leave a comment or ask questions.We will answer your questions or comments with full honesty and integrity.

If you like the blog and would like to get in touch of either of us, you can always email us or call us. Our doors are always open for you.

Thank you. 
Kabin Sitoula,Realtor®,SFR,REO Certified
Spring Hill Real Estate, LLC.
1577 Spring Hill Road #300B, Vienna, VA 22182 
Off Ph: 703-552-3111, Cell: 571-259-3984

Licensed in Virginia and Maryland
OUTSTANDING SERVICE W/GREAT SAVINGS
Over 12 years of Experiences" Experience makes Difference"
www.sitoularealtor.com / www.nepalirealtor.com