Tuesday, July 28, 2015

4 Reasons to Sell Your Northern Virginia Home This Summer

There is no doubt that now is a beneficial time for NoVa homebuyers to make a move and purchase their dream home— mortgage rates will be up nearly a percentage point next year, home prices are rising and the cost of renting is significantly higher.

However, it's also a great time for home sellers in Northern Virginia to jump into the market and take advantage of the increasing buyer activity and demand! 

If you've been thinking about moving, here are four reasons that might convince you to sell your Annandale, Falls Church, Springfield, Alexandria, Arlington, McLean home this summer:

Buyer demand
As I mentioned above, buyer demand right now is soaring! Homes are selling quicker and foot traffic of those ready to purchase a home is the highest it's been in two years! Home sellers in NoVa can take advantage of the number of buyers in the market and list their property now.

Home prices are rising
According to the president of RealtyTrac, 2015 sellers are realizing the biggest gains in home appreciation in eight years! In June alone, homeowners were able to sell above market value for the first time in two years. One reason for it? The lack of inventory available to buyers, which brings me to the next point.

Lack of inventory
A lack of inventory in the real estate market means less competition for you, home sellers! Not only does this drive up the final sales price, but it allows your home to move faster pending the home was prepared well for listing. Oftentimes, with lower inventory numbers, buyers find that they are not the only ones interested in a property and thus, the sales price is driven up!

Great time to move
If you've been dreaming of a move in Northern Virginia, now is the time to do it! Mortgage rates and housing prices will be up significantly by this time next year and you will only end up costing yourself more money by waiting.

With my decades of expertise in the Northern Virginia real estate market, I can help you achieve a successful home sale and find your next dream home! Give me a call 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. 

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