A Quick Update On Prince William County Real Estate Market This Month - 02/17/09 10:01 AM
This was the busiest Presidents Weekend I can remember since 1996.  Our office helped several buyers negotiate contracts over the weekend. Each buyer we worked with was shocked at the amount of interest in each and every home.Not only were we encountering other Realtors and Buyers in many homes, in several cases we are running into multiple offer situations. Banks are requesting highest and best offers from the get go. Typically we do not see this level of activity untill well into March and April!  Why is it so busy?
Values are down...interest rates are historically low, and the $8000 tax credit is … (2 comments)

Do You Need A Good Buyer Agent To Help You Buy A Home In Woodbridge VA? - 02/15/09 03:37 PM

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Zero Down Payment Loans For Veterans Up To $812,500. "Can I Say Wow?" - 02/14/09 07:52 AM
This is huge news! I mean huge news!
Since the downturn of the market, high end homes have been sitting going unsold throughout the Woodbridge Virginia area. Buyers were non-existent. Sellers did everything right, yet the homes just sat with no visitors, no offers. What a difference a year makes. This could be the year you sell your current home and move-up to your luxury home! Why? 
Many buyers found they needed ten percent,even twenty percent down payments. Well that's all changed. There are now several ZERO DOWN mortgages available. I recently wrote a post on how Bank of America was allowing only … (1 comments)

Dale City Home Buyer Experiences Cold Feet.... "This Is So Scary!" - 02/10/09 06:43 AM
Yesterday I spend quite a bit of time running  a Comparative Market Anaylsis for a Bank Owned Home one of my clients was interested in. I prepared the offer per her request and sent it by email. We were scheduled to go over the offer mid day.
Later in the day the client calls to say " I was so excited about  buying this house I shared the news with a few friends and one of them said."Dale City Virginia? Are you sure ? There has to better choices than that?" Have you really thought about this?
Mind you the home of interest is … (3 comments)

Market Update For Lake Ridge Virginia- Homes Are Selling Quickly! - 02/08/09 09:08 PM
The Woodbridge/Lake Ridge Virginia Single Family Home Market Update For January 2009
If you are in the market to sell your single family home in today's real estate market, rest assured there are a few good trends working for you. Single Family homes are selling quickly in the 22192 zip code area. Communities such as Lake Ridge, Lynnwood, Westridge and Old Bridge Estates are experiencing rapid sales.  The best news for you, homes are selling on average in less than 60 days!
 Now the bad news. The values have adjusted to that of 2002 values and sometimes lower. Take a look:
… (1 comments)

What's Happening Wth Home Values In Westridge Subdivision In Lake Ridge Virginia - 02/08/09 07:12 AM
 Westridge Homeowners should feel blessed that we all live in such a beautiful community. The streets are clean, the common grounds well kept, we have our own elementry school, a private lake setting, five miles of running trails and the Home Owners Assocaition is fast at work updating our pool decks for the upcoming summer season. If you live in Westridge, surely you have noticed all the activity around the Lake. If not, it's impressive to see the contractor's floating on a row boat under the pool deck in icy conditions. One wrong move and they are in the water for … (0 comments)

Changes In The Wind....Home Buyers May $15,000 In Help To Buy A Home! - 02/06/09 11:30 AM
There are several revisions currently being made to the TAX incentive for home buyers and I wanted to share a comparison that I saw on this attachment that came to me today.   Keep in mind this has not made it through senate as yet.                                                                                                          
Highlights
Credit may be raised up to 15,000! Non-repayable for homes purchased in 2009 Available for all homebuyers, no longer exclusive to First  Time Buyers                                                                                                                                  
If you're thinking of buying now is the time to get your ducks in a row. Get Pre-approved a your home loan today, that way you are ready to sieze a great … (0 comments)

The Caller Said "We're Getting Back $8300 From The IRS!" - 02/05/09 07:28 AM
It's Calls Like This That Can Make A Realtors Day!
Last night I received a call from one of our happy homeowners who purchased a home last summer.  She was estatic when she  completed her Turbo Tax entries for the 2008 tax year.
She said she just had to call me to share the news...."we're getting $8300 back from the IRS!" WOW!
Yes, you read that right. This couple was a first time buyer. They bought a end unit townhome locally her in Prince William County Virginia. While she had me on the phone she asked a few questions. She was wondering … (0 comments)

My Landlord Is Short Selling His House....Now What? - 02/04/09 08:30 AM
  Renter's Beware
 
In the past month we've received many calls from tenants who are being displaced from their rental homes here in the Prince William County area. It's a trend that is not  likley to end soon. Folks...this is happening everyday. "Unsuspecting renters are becoming the latest victims in the current economy."
When you are relocating to the Northern Virginia or Prince William County be careful.
Homeowners who cannot sell or who own more than one home, are being squeezed by this economy in ways they never dreamed. They rent their homes on the Internet and put tenants in place and … (1 comments)

 
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Peggy James

Peggy James Listing Agent in Woodbridge Virginia

Woodbridge, VA

More about me…

Exit Choice Realty

Address: 14067 Crown Ct, Woodbridge, VA, 22193

Office Phone: (703) 350-4990 x 104

Cell Phone: (703) 851-3085

Email Me

Lake Ridge Virginia Real Estate News Local real estate agent Peggy James of Exit Choice Realty blogs about current real estate market conditions, just listed, just sold, and shares tips and information for home buyers and sellers in Lake Ridge Virginia.

Lake Ridge VA Real Estate News- Peggy James a local Realtor® helps home buyers and sellers in the Woodbridge,Lake Ridge, Manassas, Dale City, and Quantico Virginia area's. Ask questions, learn about short sales, foreclosure homes,how to sell your home fast. Find active homes for sale, learn "what's happening" in the local Prince William County Virginia Real Estate market.

Let me know if I can help you with a real estate question call 703-851-3085.

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