Crystal City, Fairfax and Loudoun real estate and homes for sale in Virginia - Mohamud Ali, REALTOR® Mohamud Ali REALTOR(r) for Crystal City, Fairfax and Loudoun, Virginia real estate - NUMBER1EXPERT™ Mohamud Ali NUMBER1EXPERT(tm) for Crystal City, Fairfax and Loudoun, Virginia real estate
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Mohamud Ali, REALTOR®, real estate agent and broker for Crystal City, Fairfax and Loudoun Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
Financing Your Home >Owner Financing

If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.

Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.

Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.

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Real Estate Trivia
Q 
What does the term Curb Appeal mean?

A 
This term describes how homes look from the street; this first impression is very important to prospective homebuyers.
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Mohamud Ali, REALTOR®, real estate agent and broker for Crystal City, Fairfax and Loudoun Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Mohamud Ali
Long & Foster Real Estate

1831 Wiehle Ave
Reston, VA 20190
Office: 703 437-3800
Fax: 703 478-2930
Email: mohamudali@NUMBER1EXPERT.com

Mohamud Ali began his first real estate venture working as a property manager with Charles E. Smith Real Estate Companies. After working for the Smith Companies for 12 years, he began managing both Residential and Commercial Properties in Crystal City, Arlington. After his successful ventures, he decided to change gears and began working for Long and Foster in 1998, quickly rising to become one of the most prosperous and leading realtors in the area. He has been awarded with the impressive Top 1% in Nationwide Sales Award, and is in many prestigious clubs including the NVAR Top Producers Club, the 20 Million+ Club, and in 2004, he made it into the prestigious Masters Club. He is also an accredited buyer agent. In one year alone, he grossed over 28 million dollars in sales. For years people have turned to Mohamud Ali, a graduate from BOMI, when the time comes to make a move in Virginia. His deep commitment to the area and its residents show in the way he goes the extra mile to ensure his clients home sale or a purchase be a successful one. At the end of the transaction with Mohamud, clients agree it's his genuine caring of their needs that make him one of the top agents in his area and top 1% nationwide. He is married to his lovely wife Amal, a general dentist who owns the successful Diamond Dental Care, and has three children, Farrah, Zachary, and Hannah. Mohamud's slogan is: "I Never Stop Working for You!”

Equal HousingMLSREALTOR


Long & Foster Real Estate real estate and homes for sale in Crystal City, Fairfax and Loudoun Virginia

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