The media at the present time is engaged in keeping the public informed about the housing market. This is good and somewhat helpful. One thing to keep in mind is often the statistics you are hearing and reading about are combined numbers for the entire nation rather than how we are doing locally. When you factor in some states, the national averages go way down. When you take the same states out of the averages, the numbers for our region become considerably stronger.
So, how can I know if the time is now for me to Buy, Sell or Both? Well, for sure it is a decision that for the most part has to be made by you. Having said that, to make that decision, you will need information. You must be an informed buyer/seller. I would urge you to gather your facts from a variety of sources. Read the news, follow interest rates, note the buyers market we are in, talk with an informed Realtor® and most important - Study, study, study. Oh, and one more thing, remember that Real Estate for the most part is local.
Here is a place to go to help you do your homework on how the market is performing in your area. Study: State of Nation's Home Values - Get a complete look at the real estate values of existing homes and condos for the past quarter as the National Association of Realtors releases their data. How did your home fare?
The above link was updated the end of February, 2008 and will provide one more avenue for you to consider when making the decision, "is the time now or later to jump into the market?"
David L. Burrows, Realtor®
Northern Virginia Fine Homes, Reston, Virginia 20191
Phone: 703.391.9200 x9119
Burrows Properties
Selling thought for the day:
When you are selling your house you should cease treating it like your home and instead remember - it is a house for sale.
Interested in some great reading on selling your home? Take a look at these articles on my website: Selling Your Home: Where do you begin?
Seller Guidance: I would encourage you to employ a Realtor to help you sell your home. When your agent or another agent is showing your house, go away and let them do your work for you. I also urge you to utilize my FREE SELLERS TOOLKIT before selling your house.
Buyer Guidance: I would encourage you to really check out anything and everything you are told by a well meaning seller. Employ the services of a Buyer's Agent to help you discern what you read and listen to about the area you are thinking of calling home. I would also urge you to get my FREE BUYERS TOOLKIT before heading out on the journey to find your new house.
Try this link to help you find your next home: Fairfax Homes For Sale When you land on the main page try one of our custom searches listed on the bottom of the page. No registration is necessary for the Fairfax MLS general search on my site. If you check the box to receive automated updates sent to your email, you will be required to give us your name and a valid email address.
Northern Virginia Information - Here you will find answers to your questions about schools, auto registration, taxes, things to do this weekend, popular destinations. It only takes a moment to look and it is free with no registration required!
Click on the following link for your Complimentary eCalendar & Daily Planner. This is a Free Gift from David. No sign-up, registration, tricks or gimmicks. It really is free for you to enjoy! This is a great tool for keeping track of your schedule for all of your Real Estate needs.
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David Burrows and Northern Virginia Fine Homes disclaim liability for any damages or losses, direct or indirect, that may result from use of or reliance on information contained in this blog.
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