Tuesday, April 8, 2014

Deciding to Sell Your Northern Virginia Homes This Spring

It's now spring and the real estate market in Northern Virginia is heating up! Mortgage rates are rising, housing prices are increasing, and homebuyers are growing confident. But for some Northern Virginia homeowners, they may not be exactly jumping at the chance to sell their current homes. Do you stay or sell this spring? These tips will help you consider the important factors:  

Consider the Size 
Ask yourself, why are you considering selling your Northern Virginia homes? Is the main concern about the size of the home? Homes.com suggests, “If the main concern about a home is size, a more affordable, less stressful option may be to sell and find a home with enough space to accommodate [your] family.”

Consider the Maintenance 
Maintenance costs are a big decision in deciding to sell your homes in Alexandria, Arlington and Fairfax. Do you know how much is costs to keep up your home? Big maintenance projects like a new roof or new heating or cooling system can be pricey for a homeowner. If you are not in the position to make these repairs, the value of your home will only suffer and it may be time to sell your Northern Virginia real estate.

Consider the Equity
As a Northern Virginia homeowner, you may indeed have rising levels of equity in your home. If the level of home equity is rising or you expect it to, it may be best that you stay. Homes.com also advises, “Homeowners already in love with their place should continue to enjoy the comforts of home and reap the benefits of increased equity when the time does come to sell.”

Consider the Location
You often hear location, location, location in real estate. If you're happy with the area you're in right now, don't be quick to sell. Schools, neighbors, community, and commute time are major factors that homeowners should consider this year. These are all excellent reasons to stay in your home and all go “beyond money and the economy,” as Homes.com says.

If you still have more questions about deciding to sell your Northern Virginia home, don't hesitate to contact me! I am happy to help you consider the best options for your needs.

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

No comments:

Post a Comment