Remember A Few Years Ago When There Were FOR SALE Signs Everywhere And Not Enough Buyers?

In The Seven (7) Years Since 2005 The Excess Inventory Has Been Flushed Out Of The Market

If Your Home Is Priced AT The Market And It Shows Like A Model Home You'll Sell Fast And For Top Dollar

The real estate bubble burst in 2005.  It took two (2) years for potential sellers to internalize the fact that home values were tumbling, as homes were a dime a doze in Woodbridge.

We're two (2) years into a sellers market, and most home owners are so conditioned to a crashing market, they don't see how the market has shifted.

Hold your horses... this is not a market in which you can over-price your dumpy house, and expect multiple offers.  Your competiton in the market is priced AT the market, and their home is as neat and tidy as a model home.  

Moreover, prices are still 30% below the peak values we saw in 2005.  Experts say it will take 6-7 years for the market values to rise to 2005 prices.

Right now, we're at 2003 prices.

If you are thinking about selling your home, send me an email and I'll send you a FREE market report that will show you home values in your area.  Erick@ErickAndCompany.com

I found this compelling post this morning and knew I had to share it.  Potential home sellers take heed; This post is aimed square at you.  Erick

Potomac River Crossing From Virginia To Maryland

New Bridge Could Take Thousands Of Cars And Trucks Off Of I-95 In Northern Virginia

If You Want An Easier Commute, Read This Message And Voice Your Support To The Legislature

February 3, 2012

Potomac River Crossing Study (HJR 131) Advances to House Rules Committee Register Support Now! The House Rules Studies Subcommittee has endorsed and sent to the full House Rules Committee HJR 131 to require VDOT to conduct a feasibility study of extending Route 28 to Maryland.   In testifying in support of this legislation sponsored by Delegate Randy Minchew, the Alliance noted that its 2011 survey of area transportation professionals found that a new Potomac River crossing ranked as the single most effective multi-modal investment the region could make to improve mobility and reduce congestion.*   The House Rules Committee next meets at 4:00 p.m. Tuesday, February 7th.   This is an extremely encouraging development in that this subcommittee seldom approves study resolutions. However, opposition from the usual obstructionist groups is expected to continue to be intense.   To register your support for HJR 131 with House Rules Committee members, click here.   *Only maintaining the existing Metrorail system ranked higher A Better Connected Region Is Key to Regional Mobility and Prosperity  Register Your Support for HJR 131 Today

Take A Saturday Drive Through Laurenwood Estates With Erick Blackwelder

See Large Homes For Sale On Land

Laurenwood Estates Gives You Peace And Privacy

See Homes In Oakcrest In Woodbridge Virginia With Erick Blackwelder

Large Homes On Half-Acre To One Acre Lots

Woodbridge Virginia Real Estate News About Oakcrest

Lovely Westridge Subdivision Home In Woodbridge Virginia On A Quiet Street Backing To Trees

Fully Remodeled Kitchen And Baths

Stone Front Added By Owners To Make The Home Unique Among Other Homes In Westridge

You will be amazed by what you find inside this lovely Westridge home in Woodbridge, Virginia.

The owners have upgraded everything, and the home is in perfect condition, and market priced it at $400,000.

Hurry and see this house before it goes under contract.

Give your Realtor MLS number PW7763667.

You can see the home online when you click this link http://tinyurl.com/7yll9ju

If you are not getting help from a Realtor, and you want to see inside the house, call or text Erick at 703-677-1120.

Cannon Bluff Estates In Woodbridge Virginia With 2-5 Acre Lots And Custom Homes

Large Luxury Homes Built By The Mike Garcia Homes

Mike Garcia Homes Is The Premier Custom Home Builder In The Woodbridge Area

Take a quck photo tour of Cannon Bluff Estates On The West Side Of Woodbridge

If you want a large custom home, Mike Garcia Homes is the builder for you.  

Mike built our home, and I am still amazed by the high-quality construction methods he used to build our home.

For example, other builders build their exterior walls using 2X4's, whereas Mike uses 2X6's, giving 33% more space for insulation that saves energy, and makes the house more quiet.

Come take a photo tour of Cannon Bluff Estates.

Two custom homes perches atop hills. The home on the left has roughly 6,00 square feet of living space, and the home on the right has 4,000 square feet of living space.

Mike Garcia homes are over-built to be extra sturdy, extra quiet, and energy efficient.  The exterior wakks are made with 2X6's, the floor joists are supported my numerous steel I-beams.  

Lovely landscaping around the left house, and a stout looking stone front on the home on the right.

A Housing Rebound?  Just The Facts

The Numbers Show Signs Of A Strong Recovery In Housing Sales

Post Below Is Not My Opinion, It Is The Observations Of Market Experts

A Housing Rebound Starting? Just The Facts

Topic Summary: No matter what the industry, there are economists who cover it that can never agree on the meaning behind the "numbers". Recently there have been some promising data suggesting a rebound in the housing market and the various areas that impact the housing market such as unemployment.

Foundation Facts for a Rebound in Housing

Foreclosures:  RealtyTrac? (www.realtytrac.com), the leading online marketplace for foreclosure properties, released its Year-End 2011 U.S. Foreclosure Market Report?, which shows a total of 2,698,967 foreclosure filings 2011, a decrease of 34 percent in total properties from 2010. Foreclosure activity in 2011 was 33 percent below the 2009 total and 19 percent below the 2008 total.

Nationwide, starts of new single family homes were up 4.4% in December. According to the U.S. Commerce Dept. this is the third monthly increase in a row.

Homebuilders are slightly more hopeful because more people are saying they might be open to buying in 2012.

The latest monthly data show  total existing-home sales  rose 5.0 percent. (3^rd month in a row of increases) Lawrence Yun, chief economist for the National Association of Realtors, said these are early signs of what may be a sustained recovery. "The pattern of home sales in recent months demonstrates a market in recovery," he said. "Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market."

 The total housing inventory fell 9.2% to 2.38 million existing homes for sale. At the current sales pace that represents a 6.2-month housing supply - the lowest level of inventory logged in nearly seven years and lower than the seven-to-eight month inventory levels indicate steady home prices.

 Home Value depreciation seems to be near the bottom. In many areas home prices are moving up, reflecting improved consumer sentiment that home ownership is still a cherished asset. See the recent SURVEY on American's View of Homeownership from the National Association of HomeBuilders

On the financing front, home mortgage rates are at their lowest levels in decades.

When it comes to public policy and the government aiding the housing market, look for some new programs to be promoted helping underwater homeowners and those with marginal credit histories.

Thanks to Tom Halfpap at Monarch Mortgage for this article.

2-Year Young Home For Sale On Quiet Street In Woodbridge With Trees, Three Finished Levels, Fenced Yard And A Big Deck

Owners Transferred So You Get The Blinds, Deck, Fence, Finished Walk-Out Basement And Wooded View

Woodbridge Home Looks And Feels Like A Brand New Home

Nice curb appeal                                               Family room off the kitchen

The kitchen was expanded to add more cabinets along the wall and in the kitchen island.

Spacious home office                                        Large master bedroom easily accommodates a king sized bed

Master bath gives you a large vanity with two sinks, soaker tub, and custom tile shower

Large deck with room for grill, table, and lounge chairs, overlooking fenced back yard that backs to trees

Deck stairs lead to the back yard                         Rec room in basement 

This home in Heron Bend is affordably priced at just $489,900 in Heron Bend subdivision.  16409 Chattanooga Lane.