How to Sell and Buy a Home at the Same Time in Alexandria, VA
Quick Answer: The three proven ways to sell and buy a home at the same time in Alexandria, VA are (1) sell first and use a rent-back or short-term housing bridge, (2) buy first using a bridge loan, HELOC, or recast mortgage, or (3) use a sale contingency on your purchase offer. With Alexandria's median sale price near $720,000 and most homes going under contract in 21–28 days, sequencing matters more than speed — and saving 1.5% on the listing side meaningfully shifts what you can afford on the buy side.
Key Takeaways
- Three real strategies exist: sell-first, buy-first, or contingent — each fits a different financial profile and risk tolerance.
- Alexandria's median home price is roughly $720K with median days on market in the 21–28 day range — strong seller leverage if your home shows well.
- A 1.5% full-service listing fee saves an Alexandria seller about $10,800 on an $800,000 home vs. a traditional 3% commission — money you can redirect to your down payment.
- Bridge loans in Northern Virginia typically run 8%–11% APR with 6–12 month terms — useful if your equity is locked up but your timing is tight.
- Sale contingencies still work in Alexandria, but only on certain price points and neighborhoods — they're weakest in Old Town and Del Ray.
- Rent-back agreements (post-settlement occupancy) are the most underused tool — they let you sell and stay for up to 60 days while you close on your purchase.
In This Guide
- The Three Real Options When You Have to Sell and Buy at Once
- Alexandria Market Conditions — Why Timing Matters Right Now
- Strategy 1 — Sell First, Then Buy
- Strategy 2 — Buy First, Then Sell
- Strategy 3 — Bridge Loans, HELOCs & Buying Power Tools
- How a Sale Contingency Works in Alexandria
- Step-by-Step Simultaneous Sale & Purchase Timeline
- Pre-Listing Prep in Alexandria
- See Your 1.5% Savings — Interactive Calculator
- Closing Costs on Both Sides — What You'll Owe
- Common Mistakes Alexandria Move-Up Buyers Make
- How to Choose an Agent for a Simultaneous Move
- Alternatives — Cash Offers & iBuyer Programs
- Your Next Move in Alexandria
- Frequently Asked Questions
- Glossary
You found the next home. You love it. The only problem? Your equity is still sitting inside the home you live in — and you can't write a real offer until that equity is liquid (or you've borrowed against it). This is the dilemma every Alexandria move-up buyer faces, and it's the single biggest source of stress in any real estate transition.
The good news: there's nothing exotic about the solutions. Alexandria homeowners do this every day, and a well-structured simultaneous sale-and-purchase is more about sequencing than it is about luck. Whether you're moving from a Del Ray bungalow to an Old Town rowhouse, or trading a Cameron Station townhome for something with more yard in Beverley Hills, the playbook is the same — and it's all built around three core strategies, each with predictable trade-offs.
This guide walks through all three, shows you the current Alexandria market data that should shape your decision, and lays out the exact step-by-step timeline you should expect. It also covers the most overlooked tool in the entire process — the rent-back agreement — which can quietly solve 80% of the timing pressure for most sellers.
The Three Real Options When You Have to Sell and Buy at Once
Despite what blog posts on national sites suggest, there aren't dozens of "strategies" — there are three. Everything else (rent-backs, bridge loans, HELOCs, contingent offers) is a tactical tool that supports one of the three.
| Strategy | Best For | Biggest Risk | Approx. Cost |
|---|---|---|---|
| Sell First | Most Alexandria sellers; max negotiating power on buy side | Temporary housing if rent-back falls through | $0–$5,000 (storage, short-term rental) |
| Buy First | Strong cashflow, two-mortgage tolerance, must-have target | Carrying two mortgages if your old home is slow to sell | $3,000–$12,000/mo (carrying costs) |
| Sale Contingency | Slower market segments; less competitive price points | Offer gets rejected in favor of non-contingent buyers | $0 direct cost; opportunity cost on best homes |
Which one fits you?
The right answer depends on three variables: your equity position, your cashflow, and your tolerance for in-between housing. Sellers who own a property worth $700K with $400K in equity and need that capital to put down on a $900K purchase will almost always sequence sell-first. Sellers with substantial liquid savings, a strong W-2 income, or a willingness to use a bridge loan can lean buy-first. And sellers in a price range where listings sit (rarer in Alexandria but it happens) can sometimes thread the needle with a contingency.
Alexandria Market Conditions — Why Timing Matters Right Now
Alexandria's market behaves differently than the rest of Northern Virginia. Tight inventory in walkable neighborhoods like Old Town, Del Ray, and Rosemont keeps demand strong almost year-round, while condo-heavy submarkets near Eisenhower and the West End move slower. That distinction matters enormously for sequencing.
Median Days on Market by Alexandria Submarket (2026 YTD)
Source: BrightMLS aggregated Alexandria data, year-to-date 2026. Submarket figures are directional medians; ranges vary by week.
What this tells you
If you own in Old Town or Del Ray, your house is likely to sell faster than you can find a replacement — which makes sell-first with a rent-back the dominant strategy. If you own in the West End or Eisenhower corridor, your timeline gives you more flexibility to buy first or use a contingency. Always check current data with your agent before committing — submarket dynamics shift quarter to quarter.
Get a personalized home valuation from The Jamil Brothers — street-level comps, not automated estimates. Response within 24 hours.
Strategy 1 — Sell First, Then Buy
This is the most common strategy in Alexandria, and for good reason: it converts your largest asset into liquid capital, eliminates contingency language from your purchase offer, and gives you the strongest possible negotiating position when you write on your next home.
How it works
You list your current Alexandria home. Once you accept an offer, you negotiate a settlement date that gives you time to find your next home — typically 45–60 days. You can also negotiate a rent-back agreement (also called a "post-settlement occupancy agreement") that lets you stay in the home for 30–60 days after closing while you settle on your next property. Many Alexandria buyers will agree to a rent-back at no charge or a modest daily rate (often the buyer's PITI divided by 30).
Pros and cons
| ✓ Pros | ✗ Cons |
|---|---|
| Equity is liquid for your next down payment | Pressure to find a replacement home quickly |
| No carrying costs on a second mortgage | Risk of temporary housing if rent-back falls through |
| Clean, non-contingent buy-side offers win bidding wars | Two moves possible (and the storage costs that come with it) |
| You know your exact budget before you tour homes | Less time to find the perfect replacement home |
When this is the wrong move
Sell-first is the wrong choice if (1) you've already found a specific home you must buy and the seller won't wait, (2) your equity isn't enough to qualify for the next purchase without rolling proceeds in, or (3) you're moving for time-sensitive reasons (job start date, school year) and can't risk temporary housing. In those cases, a bridge loan or buy-first strategy may serve you better.
Strategy 2 — Buy First, Then Sell
Buy-first gives you the maximum amount of time and choice on the purchase side — but it puts the financial pressure on you, not the calendar. You should only consider this strategy if you can comfortably afford carrying both mortgages for 3–6 months and you've stress-tested what happens if your old home is slow to sell.
Qualification math
Most lenders will require you to qualify for the new mortgage while still carrying the old one — meaning your debt-to-income ratio (DTI) needs to handle both PITIs. There are two exceptions: (1) if your old home has been rented or has a signed lease (the rental income can sometimes offset 75% of the mortgage), or (2) if you have a documented buyer under contract on the old home, some lenders will allow you to disregard that PITI. Talk to your lender early — what they need from you can take 2–3 weeks to assemble.
ℹ️ Lender lookup early
Before you spend a Saturday touring homes, sit down with a lender and confirm in writing what your buy-first capacity looks like. We can connect you with Alexandria-experienced lenders who underwrite move-up scenarios every week — saves you weeks of back-and-forth.
Strategy 3 — Bridge Loans, HELOCs & Buying Power Tools
If you want to buy first but you don't have the cash on hand for the new down payment, three financial tools unlock your equity without selling first:
Bridge loans
A bridge loan is a short-term loan (typically 6–12 months) secured by your current home's equity that lets you put cash down on the new purchase. Northern Virginia bridge loan rates in 2026 are running roughly 8%–11% APR, with origination fees of 1%–3%. Bridge loans are paid off the moment your old home closes. They work best when you have 30%+ equity in the current home and a clean credit profile.
HELOCs (Home Equity Line of Credit)
A HELOC is a revolving line of credit secured by your current home's equity. Rates are usually variable, currently averaging 8%–9.5% in the DMV. The advantage over a bridge loan: HELOCs have no fixed term and you pay interest only on what you draw. The catch: most lenders won't approve a new HELOC if they know you're about to sell the underlying collateral — so you typically need to open the HELOC before listing.
Recast & retain
Some Alexandria sellers buy first with a temporary higher down payment from savings, then "recast" the new mortgage after their old home sells — meaning they apply the sale proceeds to the principal and the lender re-amortizes the loan with a lower monthly payment. This only works with conforming conventional loans and lenders that allow recasts.
| Tool | Typical Rate | Fees | Best For |
|---|---|---|---|
| Bridge Loan | 8%–11% APR | 1%–3% origination | Tight close-to-close timing |
| HELOC | 8%–9.5% variable | $0–$500 setup | Pre-planned move, opened early |
| Recast | Your loan rate | $250–$500 recast fee | Sellers with substantial savings |
How a Sale Contingency Works in Alexandria
A sale contingency makes your purchase offer dependent on the sale of your existing home. In Northern Virginia, this is handled through the NVAR-approved "Contingencies/Clauses Addendum" or a customized contract addendum. The buyer typically has a defined window (commonly 7–30 days) to sell the existing home, and the seller often retains the right to "kick out" the contingent offer if a non-contingent buyer appears.
When contingencies actually win in Alexandria
Contingencies are weakest where competition is strongest. In Old Town, Del Ray, and Rosemont, where homes typically receive multiple offers in their first weekend, a contingent offer is rarely competitive. Where they work: West End condos, larger single-family homes priced above $1.5M (smaller buyer pool), and any home that has been sitting more than 30 days. Always confirm with your agent before relying on this strategy in a hot submarket.
Step-by-Step Simultaneous Sale & Purchase Timeline
The optimal timeline depends on your strategy, but here's the typical sell-first sequence — which is the path most Alexandria homeowners take.
Strategy session and lender pre-approval — Weeks 1–2
Meet with your agent to map out both transactions. Get a current home valuation. Talk to a lender to confirm your buy-side budget under both "sell first" and "buy first" scenarios. Open a HELOC if you need one — it must be in place before you list.
Pre-listing prep — Weeks 2–3
Stage, declutter, complete cosmetic repairs, and schedule professional photography and 3D tour. Begin passive home shopping — saved searches, neighborhood drive-bys, open houses — but don't write offers yet.
Go live on the MLS — Week 3 or 4
List Thursday morning, hold open houses Saturday and Sunday, review offers Sunday evening or Monday. Alexandria homes priced correctly typically attract 3–8 offers in this window.
Accept offer, negotiate rent-back — Week 4
Choose the strongest offer (not always the highest — terms matter). Negotiate a 45- to 60-day settlement plus a 30- to 60-day rent-back. This gives you up to 4 months from acceptance to actual move-out.
Aggressive buy-side search — Weeks 5–10
With your sale-side appraisal cleared, write non-contingent offers on your target homes. Your offers are now stronger than 80% of competing buyers in Alexandria.
Close sell-side, then buy-side — Weeks 8–14
Settle on your current home (proceeds wire to you or directly to the new escrow). Close on your purchase using those proceeds. Move from rent-back home to new home with one move.
Pre-Listing Prep in Alexandria
The Alexandria buyer pool — especially in walkable neighborhoods — has high design expectations. Homes that show well typically sell within 14–21 days at or above asking. Homes that need work sit, drop in price, and sell for 3%–6% below comparable updated properties. Investment in prep is almost always recoverable in higher sale price.
Pre-Listing Checklist — Alexandria Edition
- ✓ Declutter and depersonalize — remove 50% of all surface items
- ✓ Touch-up paint or repaint in neutral colors (cooler greige tones perform best in Alexandria)
- ✓ Refinish or replace flooring in high-wear areas (avoid carpeting in main living spaces)
- ✓ Deep-clean — professional clean before photography, again before open houses
- ✓ Curb appeal — mulch, landscape edging, fresh front door paint, polished hardware
- ✓ Light staging — at minimum, primary bedroom + living room + dining room
- ✓ Pre-listing inspection — surfaces obvious issues before a buyer's inspector finds them
- ✓ Professional photography + drone exterior + 3D Matterport tour (included at 1.5%)
Our Alexandria seller net sheet calculator breaks down every cost — commission, grantor tax, recordation, HOA dues, and closing fees — so you know your real bottom line before you list.
See Your 1.5% Savings — Interactive Calculator
The most overlooked variable in a simultaneous sale and purchase is the listing fee itself. A 1.5% full-service listing program in Alexandria preserves equity that you can redirect to your next down payment, reducing what you have to borrow on the buy side. On an Alexandria home selling for $800,000, the difference between 1.5% and 3% is roughly $12,000 — enough to drop your loan-to-value ratio meaningfully on a $1M purchase.
Seller Savings Calculator
How much more do you keep with our 1.5% listing fee?
Select your Alexandria home's estimated value to see your real net proceeds — side by side.
|
Traditional Agent — 3%
|
Jamil Brothers — 1.5%
Our Fee — Only 1.5%
|
Extra in your pocket
$6,000
vs. a traditional 3% listing agent — with zero reduction in service or marketing.
|
Traditional Agent — 3%
|
Jamil Brothers — 1.5%
Our Fee — Only 1.5%
|
Extra in your pocket
$7,500
vs. a traditional 3% listing agent — with zero reduction in service or marketing.
|
Traditional Agent — 3%
|
Jamil Brothers — 1.5%
Our Fee — Only 1.5%
|
Extra in your pocket
$9,000
vs. a traditional 3% listing agent — with zero reduction in service or marketing.
|
Traditional Agent — 3%
|
Jamil Brothers — 1.5%
Our Fee — Only 1.5%
|
Extra in your pocket
$11,250
vs. a traditional 3% listing agent — with zero reduction in service or marketing.
|
Traditional Agent — 3%
|
Jamil Brothers — 1.5%
Our Fee — Only 1.5%
|
Extra in your pocket
$15,000
vs. a traditional 3% listing agent — with zero reduction in service or marketing.
Estimates only. Closing costs vary. Buyer's agent commission is negotiable.
Closing Costs on Both Sides — What You'll Owe
When you sell and buy at the same time, you're paying two sets of closing costs. Sellers in Alexandria typically pay 7%–9% of sale price (most of which is commission); buyers typically pay 2%–4% of purchase price. Knowing these numbers in advance prevents surprises at the settlement table.
Alexandria seller closing costs
| Line Item | Typical Amount | Notes |
|---|---|---|
| Listing commission | 1.5%–3% of sale price | The single largest expense |
| Buyer's agent compensation | 2%–3% of sale price | Negotiable post-NAR settlement |
| Virginia grantor tax | $1 per $1,000 of sale price | State recordation |
| NOVA regional WMATA tax | $0.15 per $100 of sale price | Applies to Alexandria |
| Settlement/title fees | $500–$1,200 | Varies by title company |
| HOA / condo resale package | $200–$500 | Mandatory in most Alexandria HOAs |
| Pro-rated property taxes | Varies by closing date | Alexandria rate: $1.135 per $100 assessed (2026) |
Alexandria buyer closing costs
Buyer closing costs in Virginia generally run 2%–4% of purchase price and include: loan origination fees, appraisal ($550–$900), home inspection ($425–$725), title insurance, recording fees, attorney/title settlement, escrow setup, and prepaid items (property taxes, homeowner's insurance, HOA dues). Alexandria has no buyer-side transfer tax — those are seller-paid in Virginia.
4K photography, drone video, 3D tours, expert negotiation, and full MLS marketing — all included at 1.5%. No hidden fees, no service reductions, no surprises.
Common Mistakes Alexandria Move-Up Buyers Make
After helping hundreds of Northern Virginia families move from one home to another, the same five mistakes show up over and over. Avoid these and you'll save tens of thousands of dollars and a great deal of stress.
| Mistake | Why It's Costly |
|---|---|
| Touring buy-side homes before pricing the sell-side | Sets unrealistic budget; emotional decisions follow |
| Listing without a rent-back negotiated upfront | Forces temporary housing if buy-side stalls |
| Hiring two different agents for each side | Communication gaps; missed timing opportunities |
| Opening a HELOC after listing | Most lenders won't approve once collateral is listed |
| Submitting a contingent offer in Old Town or Del Ray | Gets beaten by non-contingent offers in multiple-offer scenarios |
How to Choose an Agent for a Simultaneous Move
A simultaneous sale-and-purchase is not a "first-time" transaction — it's two transactions that have to be choreographed precisely. Choosing the right agent matters more here than in any other type of move. Use these criteria:
Agent Selection Criteria — Move-Up Buyers
- ✓ At least 5 years of full-time Alexandria experience
- ✓ Documented track record of simultaneous transactions (ask for specifics)
- ✓ Direct relationships with Alexandria-experienced lenders
- ✓ Listing strategy that includes professional photography, drone, and 3D tour at no add-on cost
- ✓ Transparent commission structure — confirms savings in writing
- ✓ Demonstrated buyer-side negotiation experience (not just listing focus)
- ✓ 100+ verified five-star reviews from past clients
The Jamil Brothers Realty Group meets all of these criteria, with 840+ homes sold across Virginia, Maryland, DC, and West Virginia, 500+ five-star reviews, NVAR Lifetime Top Producer recognition, and a 1.5% full-service listing program that retains every component of traditional listing service.
Alternatives — Cash Offers & iBuyer Programs
If your timing pressure is extreme — relocation in 30 days, divorce, estate situation, or inherited property — a traditional MLS listing may not be the right fit. Two alternatives exist:
Cash offer programs
A cash buyer (whether an institutional one or a private investor) makes an as-is offer based on quick analysis. Settlement can happen in as little as 10–14 days. The trade-off is price: typical cash offers in Alexandria run 8%–15% below market value, in exchange for speed and certainty. For some sellers in a simultaneous-move scenario, that trade-off is worth it — particularly if the new home you've found is non-negotiable.
iBuyers
National iBuyer programs (Opendoor, Offerpad, etc.) operate in Northern Virginia but with selective coverage. Their algorithmic offers are typically faster than private cash but still below MLS market value. They charge service fees of 5%–13% on top of the below-market offer. For most Alexandria homes that show well, traditional MLS will yield significantly higher net proceeds.
If timing, condition, or certainty matters more than maximum price, a cash offer may be the right fit for your simultaneous move. We'll walk you through your full range of options — no pressure.
Explore More Alexandria & Northern Virginia Guides
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A simultaneous sale and purchase doesn't have to be stressful. With the right sequence, the right financial tools, and an agent who's done it 100+ times before, it's just two coordinated transactions — not a juggling act. The single biggest variable in your favor: starting early. The sellers who get the smoothest results are the ones who meet with an agent and a lender weeks before they actually need to list.
The Jamil Brothers Realty Group has guided hundreds of move-up Alexandria families through this exact transition — across Old Town, Del Ray, Rosemont, Cameron Station, Beverley Hills, Seminary Hill, and the West End. Our 1.5% full-service listing program preserves the equity you need on the buy side, while delivering the same professional photography, drone video, 3D tours, expert negotiation, and full MLS syndication that any premium listing would receive.
Know your equity, understand your costs, and see exactly what you'll walk away with — before you make any decisions. The Jamil Brothers provide a full seller consultation at no cost or obligation.
Frequently Asked Questions
How do I sell my home and buy a new one at the same time in Alexandria?
The most reliable approach in Alexandria is to sell first with a negotiated rent-back agreement, which gives you 30–60 days after settlement to find and close on your next home. Alternative strategies include buying first using a bridge loan or HELOC, or submitting a sale-contingent offer (which works best in slower submarkets like the West End). The right strategy depends on your equity position, cashflow, and how unique your target home is.
Should I sell first or buy first in Alexandria, VA?
For most Alexandria sellers, selling first is the smarter choice because it converts your equity into liquid capital for your next down payment and makes your buy-side offers non-contingent and competitive. Buy-first only makes sense if you have substantial savings, strong cashflow to carry two mortgages for 3–6 months, and you've located a specific home you cannot wait on. The Jamil Brothers can model both scenarios for your specific situation in under 30 minutes.
What is a rent-back agreement and how does it work?
A rent-back agreement (formally called a post-settlement occupancy agreement) is a contract addendum that allows the seller to remain in the home for a defined period after settlement — typically 30 to 60 days. In Alexandria, most buyers will agree to a rent-back at no cost or at a daily rate equivalent to the buyer's PITI divided by 30. It's the single most useful tool for sellers managing a simultaneous purchase, and your agent should negotiate it as part of your initial counter-offer.
How much does it cost to sell a home in Alexandria, VA?
Total seller closing costs in Alexandria typically run 7%–9% of sale price. The largest component is the listing commission (1.5%–3%), followed by buyer's agent compensation (2%–3%), Virginia grantor tax ($1 per $1,000), the NOVA regional WMATA tax ($0.15 per $100), settlement fees, HOA resale package fees, and pro-rated taxes. On a $750,000 Alexandria home, total costs at a 1.5% listing fee with 2.5% buyer's agent are approximately $37,500 — compared to about $48,750 at a traditional 3% rate.
How long does it take to sell a home in Alexandria?
In 2026, the median days on market for Alexandria single-family homes is approximately 14–25 days depending on submarket. Old Town and Del Ray are the fastest (14–17 days), while West End condos run longer (35–40 days). From acceptance of an offer to settlement is an additional 30–45 days. Total time from listing to closing is typically 60–75 days, though well-prepared homes priced correctly often close within 45–50 days.
How do I choose the right listing agent for a simultaneous move?
Look for at least five years of Alexandria-specific experience, a documented track record of simultaneous transactions (ask for case studies), a full-service offering that includes professional photography and 3D tours at no add-on, transparent commission structure, strong buyer-side negotiation skills, and 100+ verified reviews. The Jamil Brothers Realty Group meets these criteria with 840+ homes sold, 500+ five-star reviews, NVAR Lifetime Top Producer recognition, and a 1.5% full-service listing program that delivers every component of traditional listing service.
How has the 2024 NAR settlement changed simultaneous sales?
After the August 2024 NAR settlement, buyer's agent compensation is no longer embedded in the listing agreement by default. Buyers now sign a buyer's agent compensation agreement before touring homes, and sellers can choose whether to offer compensation as part of their listing strategy. In Alexandria, most successful listings still offer 2%–3% to the buyer's side because it broadens the buyer pool, but the amount is fully negotiable. Your listing agent should walk you through both options before going live.
What is a bridge loan and is it worth it in Northern Virginia?
A bridge loan is a short-term loan (6–12 months) secured by your current home's equity that funds the down payment on your next purchase. It's paid off when the original home sells. Northern Virginia bridge loans typically run 8%–11% APR with 1%–3% origination fees. Bridge loans are worth it when (1) you have at least 30% equity in the current home, (2) you've already found a specific home that can't wait, and (3) you'd otherwise lose the deal. For most Alexandria sellers, a sell-first strategy with a rent-back is less expensive.
What HOA-specific issues should Alexandria sellers know about?
Most Alexandria condo and townhome communities (Cameron Station, Carlyle, Old Town North, Eisenhower East) require a resale disclosure package that the seller must order, pay for, and deliver to the buyer within a defined statutory window. The package fee runs $200–$500 and includes governing documents, HOA financial statements, and pending litigation disclosures. Some HOAs also require approval of the buyer or right of first refusal. Order the resale package the day you accept an offer — delays can derail closings.
What are the biggest mistakes to avoid in an Alexandria move-up?
The five most expensive mistakes: (1) touring buy-side homes before pricing the sell-side and setting an unrealistic budget, (2) failing to negotiate a rent-back upfront, (3) using two different agents for sell and buy (communication gaps cost time and money), (4) opening a HELOC after listing your home (most lenders won't approve), and (5) submitting a contingent offer in a hot submarket like Old Town or Del Ray where you'll be beaten by non-contingent buyers. A coordinated strategy with one experienced agent avoids all five.
Are sale contingencies still accepted in Alexandria?
Yes, sale contingencies are still accepted in Alexandria, but the success rate varies enormously by submarket. In Old Town, Del Ray, and Rosemont — where homes typically receive multiple offers in their first weekend — contingent offers are rarely competitive. In the West End, on properties above $1.5M, or on homes that have been listed for more than 30 days, contingent offers can succeed. Most contingencies include a "kick-out clause" that allows the seller to accept a stronger offer if one arrives.
Can The Jamil Brothers handle both sides of a simultaneous transaction?
Yes. The Jamil Brothers Realty Group regularly represents Alexandria families on both sides of a move-up transaction. Coordinating both transactions through one team eliminates communication gaps between agents, ensures timing alignment between settlements, and creates leverage during dual negotiations. Saad Jamil and Arslan Jamil are licensed associate brokers in Virginia, Maryland, DC, and West Virginia, allowing seamless transactions across the entire DMV region.
Glossary
Bridge Loan
A short-term loan secured by your current home's equity that funds the down payment on your next purchase, repaid when the original home sells.
Rent-Back (Post-Settlement Occupancy)
A contract addendum letting the seller remain in the home for an agreed period after closing — typically 30 to 60 days — often at little or no cost.
Sale Contingency
A clause making a purchase offer dependent on the sale of the buyer's existing home, typically with a defined window and seller "kick-out" rights.
HELOC
Home Equity Line of Credit. A revolving credit line secured by your home's equity, drawn as needed and paid back with interest only on the drawn balance.
Mortgage Recast
A lender process that re-amortizes your existing mortgage after a large principal paydown, lowering monthly payments without changing the loan rate.
Grantor Tax
Virginia's state-level transfer tax paid by the seller — $1 per $1,000 of sale price. Alexandria sellers also pay a $0.15/$100 NOVA regional WMATA tax.
Resale Package
A required HOA/condo disclosure document set the seller orders and delivers to the buyer, including governing documents, finances, and any pending litigation.
DTI (Debt-to-Income Ratio)
A lender's measure of monthly debt payments as a percent of gross monthly income. Most conventional loans cap DTI around 43%–50%.
The Jamil Brothers Realty Group · Samson Properties · (703) 782-4830 · Licensed in VA, MD, DC, WV
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