If anyone in Prince William County thinks this is still a "buyer's market" they might want to consider how many of these messages we see in the MRIS.
NO MORE SHOWINGS! 18 CONTRACTS IN HAND! DEADLINE FOR OFFER 3PM 07/13/2009. TEMPOFF MARKET. BEST OFFERS RANGE 248K TO 264K. ***SHORT SALE*** Offers to be reviewed and submitted 07/13/2009.
This home was priced at $205,000. Now whether an appriasal will support the a price point up to $264,000 is a serious question but most likely the home will sell for more than the list price.
Over the weekend one of my listings priced at $425,000 received 8 offers in two days and another lower priced listing received 4. This is a reality of the current lower inventory.
As a buyer you need to be prepared for the bidding wars but also tread cautiously and remember not to give up your basic rights.
If you need help finding a new home in Northern Virginia before the November 30th deadline for closing on a new home using the $8000 tax credit then give the Cindy Jones team a call at 703-346-2213. No hassle, no pressure, just straight talk as to whether now is the right time for you to buy a new home.
This home was priced at $205,000. Now whether an appriasal will support the a price point up to $264,000 is a serious question but most likely the home will sell for more than the list price.
Over the weekend one of my listings priced at $425,000 received 8 offers in two days and another lower priced listing received 4. This is a reality of the current lower inventory.
As a buyer you need to be prepared for the bidding wars but also tread cautiously and remember not to give up your basic rights.
If you need help finding a new home in Northern Virginia before the November 30th deadline for closing on a new home using the $8000 tax credit then give the Cindy Jones team a call at 703-346-2213. No hassle, no pressure, just straight talk as to whether now is the right time for you to buy a new home.
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