on location Is it Really a Buyers Market? Yes, Virginia, it really is a Buyers Market… What exactly doesn’t that mean? It doesn’t mean buyers can be rude and demanding. It doesn’t mean you can have the sellers first born. It doesn’t mean every house is on sale for half price. I can just hear sellers saying, “Amen”! No, the Seller’s First Born does not convey with the purchase of this property. It does mean sellers need to price their homes according to what the market will bear, plan to make necessary repairs, and be as flexible as possible with showings. So, if it’s a buyer’s market but, not a half price sale, what is a buyer to expect? Interest rates are historically low. Ok, so you may have missed out on the miracle low interest rates but, rates are still quite incredible. This is a great time to take advantage of low interest rates which means lower payments (in many cases lower than you’d pay in rent). Today there is an abundance of short sales and foreclosure which MIGHT be a great deal IF you’re handy and/or have the funds to make repairs or remodel. However, even homes that aren’t bank owned are more affordable than ever. Don’t get hung up on getting a foreclosure and overlook the home of your dreams. We see great deals all the time and can often give you an idea of what that home would have sold for in a good market. You can get so much more house & home for your money these days. You need to know a Real Deal from a Look Alike. Just because the seller drops a home by $30k doesn’t mean you got a deal. Your Real Estate Professional can help you decipher the market code. We’re working with tons of buyers from other state. It’s interesting to hear their perception of our market. To be perfectly honest, it depends on many factors from price range, proximity to employment, schools, quality & condition, walkability, location, and more. Our slowest selling homes are high end luxury homes. We’re still one of the fastest growing areas in the US and that is a great reason to BUY Now!
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