As we dig into the statistics in individual neighborhoods we do see inventory but most homes are priced well above what the most recent sales in that neighborhood closed at. Still the percent of homes with price reductions is at multi-year lows which is a bullish sign on it’s own. Homes are selling quicker with days on market numbers continuing to decline with new listings coming on the market at higher prices. Demand is high and supply is low and new home communities are thriving. Sales volume of existing homes is being held back by the lack of choice available to today’s buyers who have been spoiled over the past 7 years.
I cannot say enough about pre-qualification. If you are not getting your buyers pre-qualified you are wasting both your time and theirs. The last thing you want is a surprise after the offer is made.
This will help you determine what people will be willing to pay for your home which will, in turn, help you achieve your goal of selling your Northern Virginia house quickly and efficiently. Being knowledgeable about Northern Virgina real estate point and houses for sale will help you make your dreams come true.
To be completely frank. I was in complete denial. If you had told me that only 2% of people who get their Notice of Default actually get caught up again, I would have told you that I was SURE I’d be in the 2%.
As soon as I got to the point where I would either be making a morgage payment or buying groceries next month, I did exactly what all good Americans are taught to do, turn to my bank and refinance mortgage.
How many people do you think will see the for sale by owner ad in your local newspaper? Your ad might reach a hundred possibly a thousand readers, some of which may not be interested in purchasing a home. By posting your home on a FBSO site, your ad reaches thousands of people that ordinarily it wouldn’t reach. The extra exposure increases your chances of selling your home.
The threat dealing with a “salesperson” has diminished. These buyer leads are willing to work with you because you were willing to work with them first.