NOVA Homes Blog: Buying a Home This Fall in Northern Virginia

Tuesday, October 8, 2013

Buying a Home This Fall in Northern Virginia

There's a lot to think about when it comes to buying a home in Northern Virginia. Besides all of the house hunting for Alexandria, Arlington, Fairfax real estate, there are the elements of purchasing a home during this specific season— fall. What does fall bring for Northern Virginia real estate and what do you need to know? Some tips below should help you toward homebuying success.

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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When you first meet Earle, she greets you with a firm handshake and a broad smile. She has a certain charm and friendly nature that immediately set you at ease. As you talk to her, she listens intently. You can see by the earnest look on her face that she’s already developing ideas and strategies to accomplish your goals. By the end of your conversation, you’re surprised that someone can have such a clear understanding of your needs after just one meeting. This is the essence of Earle’s real estate service. She’s a straightforward businesswoman who doesn’t let up until her clients are satisfied.
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Northern Virginia is a thriving area consisting of several communities that thrive with historical and cultural richness as well as physical beauty.
With all that the Northern Virginia area offers, there’s never a shortage of things to do, natural beauty and great schools. From the ocean to the mountains to the nation’s capital, this is a part of the country that has it all!
Earle has assembled some helpful resources to help you with finding your new home. From her comprehensive list of Local Links, her Home Style Guide, or hands on personal help, described below, you know you can count on Earle.