These simple to use excel based spreadsheets calculate closing costs in the state of Virginia. Simply edit the yellow fields and the spreadsheet will do the rest. We will be happy to prepare one of these estimates for you, just give a call and we will be happy to help.
- Cash Buyer Estimate
Calculates an investors' closing costs in Virginia when paying cash for an investment property. This estimate has been tested and is accurate to within $1000.00 of actual closing costs for Virginia properties. Many opportunities exist for a steady stream of cash-flow either for your retirement or investment Fairfax and the surrounding counties offer excellent return on investment. Demand for housing is still strong in the area with an average of only two months supply of rentals.
- Buyer Financing Estimate
Calculates an investors' closing costs in Virginia when using financing to purchase an investment property. While interest rates are low some opportunities exist for acquiring investment properties using conventional financing. Although the terms for financing an investment property is more stringent certain lenders offer loans with 25% down for 1 to 4 units. We are seeing greater demand in multi-family (greater than 5 units) with small local banks offering attractive interest rates and terms. Local banks are more restricted by new federal guidelines when it comes to their portfolio, we have seen rates in the 6% range with 30% down usually amortized over 20 to 25 years with 1 to 5 year balloon.
- Seller Estimate
Calculates an investors' closing costs in Virginia when selling an investment property.
- Flip Analysis Spreadsheet
This 4 tab spreadsheet is designed to calculate the acquisition cost, estimate repairs and estimate the cost of sale. The purpose of the spreadsheet is to quickly establish the viability of the transaction. When investing in properties to flip you need to know quickly: 1. How much will it cost to Buy including closing costs. 2. What are the estimated repairs? 3. What are the cost to re-sell including closing costs and Realtor fees. The final tab includes an overview of the transaction with a cash on cash snapshot of the transaction.
- Why Hire ARM?
Market Condition Reports
We prepare monthly reports on the market conditions in Fairfax county Virginia. Fairfax is considered the Bellwether for the northern Virginia Region providing some insight to Demand, Length on Market and Average Rent. These reports allow us to look forward establishing trends in the marketplace for our investors. We see seasonal movements with a peak in demand during the late spring and summer months with average days on market 35 days in the winter and 20 days during the peak months of May, June July and August.
See our Blog post for the most up to date report on market conditions.