If you are thinking of buying a home in Prince William County (VA) then you need to get a move on it! Buyers have realized that the price is right and interest rates probably won't get much lower and are snapping up homes in Prince William County faster than they can be listed.
Buyers searching through the MLS on their own see dozens of homes that fit their search criteria. They get excited about all of the listings and think WOW look at all of the possibilities. Won't they can't see is the agent remarks that say "multiple offers received", "best and final only", "contracts sent to the lender" and "no more offers being considered."
So the list of dozens of homes that you think you want to see may turn out to be only one or two homes that are actually available. Does this sound familiar? We have returned to the crazy days of real estate when as soon as a home was listed buyers swarmed to take a look. Yesterday my buyers and I ran into 4 agents in one home that had just come on the market. The price was fantastic but the water covering the basement floor sent us running for the door. I'm willing to bet though that it will be under contract by the middle of next week.
One property on our must see list, came on the market in Lake Ridge on Thursday already had 5 offers on it and another one had 15! Yes you read that right 15 offers in 3 days. What does this mean if you are a buyer in the lower price brackets? It means that you need to have your financing in order and be ready to make an offer when you see the property you want.
A recent review of recent SOLD properties in the Lake Ridge neighborhood in Prince William County shows that many properties are selling for more than list price and the average days on the market was 13.
If you aren't working with a buyer's agent then give the Cindy Jones team a call at 703-346-2213. We have been helping our buyers sift through the stacks of available foreclosures, short sales and regular sales in this 2009 spring market. No hassle, no pressure, just straight talk about buying a new home in today's current market.
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