Tuesday, June 3, 2014

Northern Virginia Home Sellers, It's Your Market!

The Northern Virginia real estate market is heating up for summer! And while you may have seen some changes recently—rising mortgage rates, rising housing prices, changing inventory— the fact remains that it's a great time for sellers to break into the market. More homebuyers are now serious about purchasing a home in Alexandria, Arlington, Fairfax, and McLean and as a result, more home sellers now have their pick of offers. Below are just a few more reasons why now is the right time to sell your Northern Virginia home:

Properties in Demand
Inventory is indeed rising nationwide, but as it continues to build, Northern Virginia properties are in demand. Many homebuyers pushed off buying a home this winter due to extreme weather and sat back during spring to see where the market was headed. Now, buyers are out with confidence and motivation and home sellers can really benefit from listing while the market is hot.

The Process is Quicker
According to Keeping Current Matters real estate, "one of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing." Banks have ramped up the paperwork they require to approve a mortgage and as the summer moves forward, will soon be swamped with application and loan inquiries which draws out a closing time. However, Northern Virginia home sellers can beat that now and taking advantage of a quicker, simpler process.

There's No Time Like Now
There's no time like the present and that is especially true if you consider how much prices will appreciate just in the next few years. Is your current home just not big enough anymore? Moving up has never looked more appealing. "Prices are projected to appreciate by over 19% from now to 2018," reported KCM. "If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait."

There's a lot to consider when selling your Northern Virginia home and I'm here to answer any questions you might have. With nearly 3 decades of experience, I know we can work together to find you your next dream home.

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

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