Buyers - Start Your Engines!

This time of year is so invigorating.  Not only are we emerging from a long winter of high gas prices and gloomy weather, but also one of the worst housing slumps in recent history! 

The last month has been full of changes.  Banks are coming to terms with the reality on the street....folks are NOT willing to pay too much for a house in this climate.  Prices are actually competitive in many foreclosure markets and buyers are competing with each other for first dibs on a hot property. 

It's an exciting time to be buying and not all deals are showing up in the foreclosure market.  Arm's length transactions are also available if you find a homeowner who hasn't used his home as an ATM machine and actually has equity in a home that he's owned for more than 5 years.  In this area, some of the more mature communities with established hardwoods are wonderful places to get a great price on a home.  A home that is 10 to 15 years old, many times fairly updated, can have tremendous character and allow for a much more flexible deal to be made.

Buyers, now is the time to come off the fence.  On your mark!  Get set! GO!

 

Irene Morales Ward, Accredited Buyer's Representative, Northern Virginia Real Estate

 
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8 Comments on Buyers - Start Your Engines!

Irene-Love your post!  My husband is a racing fanatic, anything that goes fast, can't wait to show him this one!  Thanks and tale care.

04/11/2008 08:59 AM by Denise Shockey Cocoa Beach Brevard County Real Estate (RE/MAX Elite)

Irene, I always think of tax day as the official start of the buying season, although some years it's started a bit earlier. People who are renting have just sent extra hard-earned money to the IRS, and the cherry blossoms and azaleas are blooming. Great combination.

04/11/2008 09:55 AM by Patricia Kennedy (Evers & Company)

Denise - That's exactly how I feel right now - like I'm riding in a race!  Not a bad feeling after the slowwwwwww start we got.

Patricia - Same here...flowers are in bloom, folks are cutting their grass, and military orders are IN!

04/11/2008 10:57 AM by Irene Morales Ward, Realtor, ABR, e-Pro Northern Virginia Real Estate (REMAX Absolute)

Hey Irene!  Thanks for the positive post!  I'm ready to get down and dirty and sell some real estate!

04/11/2008 12:14 PM by Susan Mangigian, West Chester PA Realtor RE/MAX Preferred, ABR (RE/MAX Preferred, West Chester, PA, RS152252A)

Susan - I hope West Chester real estate treats you very well! Enjoy the selling season.  There are some GREAT buys out there.  Kind of wish I was buying myself!

04/11/2008 12:34 PM by Irene Morales Ward, Realtor, ABR, e-Pro Northern Virginia Real Estate (REMAX Absolute)

Irene-isn't spring wonderful!  The deals are flying fast and furious.  Hope you have a great spring selling season!

04/11/2008 12:37 PM by Cindy Jones-Northern Virginia Real Estate & Military Relocation Services (RE/MAX Allegiance #1 RE/MAX Company in the World)

Irene, I'm in the race with you.

04/28/2008 11:05 PM by Gary Woltal - REALTOR® Dallas Ft. Worth (Keller Williams Realty)

Great post, there are a lot of great deals and fine homes that are updated that are out there waiting for a new owner.

04/29/2008 08:57 AM by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

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Real Estate Agent: Irene Morales Ward, Realtor, ABR, e-Pro Northern Virginia Real Estate (REMAX Absolute)
Irene Morales Ward, Realtor, ABR, e-Pro Northern Virginia Real Estate
Stafford, VA
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