It was yesterday, I received another call and the prospective home purchaser was questioning " How come it so hard to find a home with a one or two car garage in Lake Ridge Virginia under $350,000?"
My response was....simple "because many home sellers cannot sell because they may be upside down or and many homeowners are still not in a position to move. Currently on a good day, you may have a handful of homes to choose from maybe two in that price range."
I reassured her agents are not bluffing. Resale inventory is low in several price points. Take a look.
- Homes For Sale in 22192 Between $300,000 and $400,000 View Here ( current home inventory is very low)
- Homes For Sale in 22192 Between $350,000 and $400,000 VIEW HERE ( Less than two dozen homes For Sale)
- Homes For Sale in 22192 between $400,000 and $500,000 VIEW HERE ( currently inventory is good in this price point)
I did a market update earlier this week to help home buyers and home sellers understand the local real estate market conditions.
That said, I met with a prospective move-up buyer late yesterday. They have a Pulte Carriage Home in Lake Ridge Virginia. A very sought after starter home here in Lake Ridge Virginia. Someone is going to be able to get a darling home when it comes on the market. That's if the homeowner chooses to sell. You see they are in a win-win situation. They can rent or sell whichever they choose to do. They are one of the lucky homeowners in the Lake Ridge Virginia area who can consider a move-up purchase and make a solid non-contingent offer on a move up home.
With mortgage interest rates under four percent and seven year arms at less than three percent, home buyers are coming out of the woodwork and chances are low inventory situations will continue into fall.
Homeowners if you are thinking it time to buy your move-up home, now is the time. When inventory is low, you are more likely to get your price.If your curious what your home would sell for simply call me or simply fill out this form with your street address and tell me a little about your home and I will send you a comparative market anaylsis. Then let me come take a look at it to see what you would have to do to put your home on the market. Chances are...not much. When inventory is low, and demand is high that is always good news for home sellers.