Mortgage Rates Still Low
Everyone has heard the talk about mortgage rates increasing, but the truth remains that they are still at historic lows. Don't let the real estate talk get you down— this is a great time to purchase a home in Northern Virginia and DC. As usual, there's always the chance they won't be this low next year.
Less Inventory
It is true that fewer people buy homes during the fall as we've just come out of the busy summer buying season. You do have less competition, but in turn, have less inventory to choose from. Not many home sellers are placing their homes up for sale at this time, so there are fewer properties available.
Motivated Sellers
Despite having less inventory in the real estate market, home sellers at this time are very motivated. Their homes may not have sold in the summer and as a result, they are ready to move these properties. Consider this when making your offer on a home— you might walk away with a great deal.
Keep it Reasonable
You might be able to score a great deal on real estate in Northern Virginia and DC, but don't get too greedy. The sellers have to be equally as motivated as you are to buy the home before they agree to a low offer. Keep it reasonable and you will be in the clear.
Fall is a great time to buy a home in Northern Virginia and DC and with the right knowledge and research, you just may score your dream home at a dream price.
Ready to buy? I happily serve the areas of Alexandria, Annandale, Arlington, Burke, Centreville, Chantilly, Clifton, Fairfax City, Falls Church, Great Falls, Herndon, Lake Ridge, McLean, Mount Vernon, Reston, Rosslyn, Springfield, Tyson’s Corner and Vienna.
Earle Whitmore
Long & Foster Real Estate, Inc.
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Visit Our Website
View Northern Virginia Homes for Sale
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Connect With Us On LinkedIn
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