Find out what is happening in the Woodbridge Virginia real estate market right now. The market has shifted, and if you are considering buying a home in Woodbridge, your timing is ideal.
The spring and summer months were a sellers market in Woodbridge, with not enough inventory to meet demand, and bidding wars were common.
Autumn has arrived, and the market has slowed to a buyers market. No more bidding wars, inventory is up, and buyers have choices. Prices are holding steady, and sellers are not having to give away the farm to sell their houses, but they are being more flexible.
The typical spread between list price and SOLD price is 2.5%-3%. You can negotiate a lower sales price, or you can negotiate terms. Terms would be seller paid closing costs.
For example, it's common on sales where the buyer is using FHA or VA financing, it's common for the seller to pay all of the buyer's closing costs. On a $450,000 house, that could add up to $13,500 cash the buyers can save at closing. $13,500 can buy a lot of furniture and window treatments.
If you are buying with a conventional 5%, 10%, or 20% down payment home loan, you may also negotiate for the seller to pay your closing costs. Or you may negotiate the price. Or you may negotiate a combination of price and closing costs.
You'll find a lot of nearly new homes for sale; Homes that are 2-5 years old. Those homes are better than brand new homes, because they already have shades, blinds, and window treatments. They typically have decks or patios, depending on the grade of the land. A new house doesn't have shades, blinds, a deck, or patio.
If a new house is what you want, I can help you get a new home that is already standing, finished, ready to close. I can also help you get a newly built house, with your choice of options, on your preferred homesite, at a price you can afford. I will be your Buyer Agent when you buy a new home, standing on your side, guiding you past the builder's 10 profit centers.
You can find out more about hiring me as your Buyer Agent by texting me or calling me at 703-677-1120. Or you may email me at the link on my website. Having me as your Buyer Agent costs you nothing, because the seller pays the broker fees, and I can help you save thousands of dollars with skilled negotiation.
The fact is I've helped over 2,000 nice folks like you buy or sell a home over the past 24 years, so you can count on my experience to help guide you through any situation.
Text or call me now at 703-677-1120 for a FREE conversation about your situation, or send me an email from my website.
Erick Blackwelder
Exit Realty Associates
Lorton, Virginia
703-677-1120
Equal Housing Opportunity
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