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
About Appraisals >Three Caballeros

When you buy a house or refinance your present home, your lender will ask you to pay for an appraisal to help ensure that the sales price and mortgage amount is consistent with the property's market value. The appraiser will look for "three caballeros" or three "comparables" -- homes that are very similar to the one you are buying -- and will make adjustments to reflect the differences between the properties.

Housing patterns tend to be homogenous, meaning that homes worth $300,000 are usually located in $300,000 neighborhoods. It is important for properties to be within the general pricing patterns of their neighborhoods because over-valued homes, even if they are exceptional, are sometimes difficult to sell at full market price.

This is not the only factor considered in determining the worth of a property, but it is an important one. The buyer or seller may view the property as a home or an investment, but lenders view it in a completely different way. To a lender, property means security in the event a borrower fails to repay a mortgage. Therefore, lenders must know real estate values in order to limit their risks.

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Real Estate Trivia
Q 
What is the world's tallest monument?

A 
The stainless steel Gateway Arch in St. Louis, MO, designed by architect Eero Saarinen and costing $29 million to build, is 630 feet high.
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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!”

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

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