Tuesday, November 11, 2014

Northern Virginia Real Estate: Buying a Home Before Winter

Winter brings many great things to Northern Virginia, but an ideal moving scenario is not one of them. And while you can indeed buy a home during the winter season, it's important to note that the process can take longer than usual.

If you're on the fence about buying a home in McLean, Mount Vernon, Reston, Chantilly, Centreville, Alexandria, Arlington or Falls Church, now is the time to get started. I have over three decades of real estate experience to help you find your dream home before winter and enjoy the holiday season in your new surroundings.

Northern Virginia homebuyers should be sure to take the following into consideration in their decision to buy before winter:

Mortgage Rates
We recently saw record lows for mortgage rates, but they are now back around four percent. If you missed buying a home at a low rate, don't wait longer! Mortgage rates will continue to increase and could be up as much as a full percentage point by the end of next year.

The Process
In my last blog post, I discussed the mortgage process and how you can better prepare yourself this year. However, during the holiday season, the entire process tends to slow down. With all of the paperwork necessary, the lender and your timing, it can take much longer for everything to come together than it would be if you purchased a home now.

Home Prices
Home prices, like mortgage rates, are on the rise! In fact, one of the reasons many home sellers are now ready to move is due to these higher prices. Waiting to buy a home in Northern Virginia could mean edging yourself out of a great deal. 

There is no time like the present to purchase a home, whether you're moving up, moving down or simply moving to a new location. I'm happy to help you every step of the way to ensure you're in a new home before the winter season arrives.

Contact me today!

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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