Special offer

On your marks, get set, GO...

By
Real Estate Agent with Compass

If you want to buy one of the homes for sale in Arlington, VA right now, you should make it your number one priority.  

What?

You are thinking - I have a demanding job!  I work 14 hours a day and never can take a day off!  I have a vacation planned!  I am running a marathon this weekend!  I had planned to tour Mt. Vernon with my boyfriend then spend the day outlet shopping!

Race to buy homes for sale in Arlington VAThe reality is right now in Arlington, VA the good homes for sale that are priced right will sell immediately with multiple offers.  The ones that are not will sit for a few weeks but will still sell for close to list (unless just crazy over priced or in really bad shape).  You need to put your other plans to the side, tell your employer you are buying a house and will need some flexibility at work and be ready to jump to buy a house.  If you can't make buying a home your #1 project right now, you need to re-think whether you really want to buy a home in Arlington right now.   

Be ready to accommodate fast showings  -  If you can't get out of work for an hour or two to see houses, or have a weekend packed with activities, you will probably miss out on the best houses on the market in Arlington VA right now.  I have been scrambling to make my schedule flexible for my clients who are truly ready to buy a house.

Be ready to take 3-5 hours off work to attend a home inspection in the next few days after finding the house -  There is no time for a leisurely 14 day inspection period.  Why not?  Because there are 2-3 other buyers lined up who will get theirs done in a day or two.  As your agent, I will help you find a thorough, professional inspector who will be able to accommodate these fast time frames.  Sellers want this contingency removed quickly because the deal is not done until the inspection is over and parties have agreed to repairs or credits.  Buyers can walk at any point during that period if they get an inspection.

Get your loan completely approved.   This means, call the lender, fill out an application and send documentation and get that file thoroughly vetted - right now, before you find the house.   Listing agents and sellers are not going to be pleased with an approval letter that says "This person is approved pending verification of assets, credit and income."  That, my friends, is a not worth the paper it is written on.  Plus, things come up.  Sometimes there are problems with credit you may not know about, or a piece of financial documentation you don't have at the ready.  It is best to get these things cleared up before you've found the dream house that 3-5 other people also want who are more prepared to buy than you are.

If you are thinking of buying one of the homes for sale in Arlington, VA in the spring of 2012, contact me so I can get you prepped.   It is a race right now and only those who have trained will win.

 
Karin Lundeen
Keller Williams Realty - Denver Southlands - Centennial, CO
Realtor Centennial Homes For Sale

Hi Coral ~  Good advice here!  Buyers need to jump in with both feet and be ready or they will miss out!  We are seeing that here in Denver, CO!  Good luck to you!

Apr 05, 2012 11:17 PM
Coral Gundlach
Compass - Arlington, VA
Real Lives. Not Just Real Estate.

Hi Karin - Thanks!  I think it is happening in many markets.   I don't think a lot of buyers really get how crazy it is.  It is like time traveing to 2005 - except you actually do need to do some work before you can get a loan and inspections are not being waived - thank goodness for both of those!

Apr 05, 2012 11:23 PM
Lehel Szucs
All Seasons Real Estate, Inc. - Covina, CA
REALTOR of choice

good advice for those serious buyers ... hope you have many of them

Apr 05, 2012 11:38 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Home shopping doesn't always wait until the weekend.   The early bird gets the worm and that means buyers with the flexibility to get out and see homes when they first hit the market.

Apr 06, 2012 03:35 AM
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Arlington seems to be its own entity in the real estate market.  Proximity, proximity, proximity I guess.

Similar to another phrase I have heard...

Apr 06, 2012 05:12 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

We can help buyers to a certain extent but they also have to put in time. These are some good suggestions, Coral.

Apr 06, 2012 03:09 PM
Coral Gundlach
Compass - Arlington, VA
Real Lives. Not Just Real Estate.

Thanks Lehel.   I do and it's been a busy week!

Chris Ann - There is no leisure time when it comes to house hunting in this market.  You have to be ready to pounce.

Jay - It is happening in several markets right now.

Jane - Exactly.   They really need to focus on this.    Thanks Jane!

Apr 06, 2012 09:22 PM