How Can That Home Be Selling For The Same Price It Was In 1989?

Real Estate Agent with EXIT Realty Associates 0225018862

I've been helping local Prince William County Virginia home buyers and sellers for a long ( long ) time and "seriously" folks, I'm not sure your purchasing power gets any better than this.  This post was inspired by an email alert I received this morning from my MLS Search System. I just saw a condo on Wasdsworth Way here in Lake Ridge Virginia where I owned and sold homes for the builder NV Homes back in 1989. I purchased one brand new in 1989 for $99,900. Today, that condo that used to sell for $219,000 a few years ago, is listed at $100,000!  WOW!

When you begin to "tip toe" into the real estate market, we can help you find what's right for you.

You might be thinking well that home is a fluke. The real estate market is not that good. Well, I'd like to share with you that over the past month, I've helped several home buyers secure dream homes. Two that come to mind were both military veterans. Both were able to use their VA Eligiblity and did not have to put down a down payment. Both received money back at the settlement table! The way I wrote the offer and negotiated on their behalf was that the only cash out of pocket from start to finish was the home inspection fee and the actual move! That is because I was able to negotiate that the sellers pay all their closing costs.Both homes were purchased at or below appraised value. We settled another purchaser last night on a foreclosure home that appraised over $15,000 more than the contract price!

So, with historical low interest rates, low, low prices in places such as Lake Ridge, Woodbridge, Montclair, Occoquan, Dale City and Dumfries.I know you have to be saying to yourself:

"Ok what do I need to do, if I  just want to "Tip Toe" into the real estate market to see just how much home I/We can afford." 

If so here are some things you need to do to prepare yourself:

  • Talk to a loan officer first. Here are three that we trust. View Here
  • Write a list of must have's and things you can compromise on
  • If you have an iPhone or iPad -search for the MYAGENT App and use code #11360 that is for this area
  • Designate some time for house will be amazed at all your choices
  • Think about your lifestyle. What is it that you want.

What have you been dreaming of owning? Have you been peaking in windows? Dreaming or owning a place where you can plant a garden?A garage townhome? A home in a subdivision with a pool? Maybe a home with an in-ground pool or hot tub, or a home on acreage with room to spread out a little? A place where you can have a horse? No matter what you are dreaming of, chances are you will miss the best opportunities if you haven't started to "tip toe" back into the see what's possible.

Here's a little tune that will get stuck in your head to remind you it just might be time to "Tip Toe" into your local real estate market. When your ready,I'll be here to help you....


Check out this prices of  detached homes available right now in the Lake Ridge, Woodbridge Virginia are


If you need a Realtor® who will work hard for you, someone that has over twenty years of experience, then don't hesitate to give me a call me at 703-851-3085.


                                                           "We Know Woodbridge Virginia and surroundingCall me.. area's!

                                             Have a question?  contact me by email 

Contact Peggy James or Erick Blackwelder  of Erick and Company  of Exit 1st Choice Realty, 14029 Crossing Place,Woodbridge VA Realtors®, call 703-851-3085 (Peggy) or 703-590-2252(Office).Give us a call and we can "GET YOUR HOME SOLD FAST"to list your property for sale we service  Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Manassas Park, Haymarket,Montclair, Dumfries, Quantico, Fort Belvior, Occoquan, Dale City, Gainesville, Garrisonville and Triangle area's.                             


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Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

I see it all the time. In some areas houses that sold for $60,000 6 years ago are now selling for two or three thousand dollars.

Aug 16, 2011 12:45 AM #1
Peggy James
EXIT Realty Associates - Woodbridge, VA
Woodbridge Virginia Area Real Estate Specialist

Hi Dave- Really? Three thousand dollars? How is that possible? Is that the those area's?

Aug 16, 2011 12:51 AM #2
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Peggy, now that is a low price!  We're not seeing much of that in Northwest DC. 

Aug 17, 2011 02:43 AM #3
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Peggy James

Woodbridge Virginia Area Real Estate Specialist
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