This post is going to be very local in nature - Northern Virginia readers -- we need houses to sell! The market has turned on a dime and sellers are now starting to get their asking price, (or 10s of thousands more -- see Steve's comment on last posting); entertain multiple offers and move up to their next house with very cheap loans.
Are you ready to sell? Who do you know that's ready to sell? Please respond asap so we can catch this upsurge for you, get your home sold and move up to that next great home that you can buy with interest rates that even you grandparents haven't seen! (Lingering today under 5%).
The whole Northern Virginia market is down to a 2.0 months' supply -- that's deep in seller market territory. For price ranges under $500,000 it's even less than 2 months!
Call me today, please! (703) 819-9800. I need the lead!
Thursday, May 21, 2009
HELP! WE NEED LISTINGS!
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3 comments:
It's true. Well priced listings in Burke are going under contract in a weekend with multiple offers. More unique homes (that are priced appropriately) go under in 4 weeks or less. And buyers are stumbling over move-in ready, paying $50k ore more (not including upgrades or views) to not have to deal with an REO.
Good luck finding the remaining homeowners with enough equity to pull together a downpayment on their move-up house. They're out there, hopefully not all of them have their head in the sand. Today's market could easily absorb twice the well-priced listings as are out there. (in Burke anyway)
By knowing your local real estate investing market, you're able to keep your finger on the pulse of your local community and to stay abreast of changes in trends, sales prices and rental rates. Knowing immediately about these changes is critical to your investing future.
this would be great..this might help buyers and other interested people..
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