Are you ready to take advantage of the current housing market and buy a home for sale in Alexandria VA, or are you going to gamble and 'let it ride'?  I love going to Las Vegas, but I'm not a gambler.  I usually see at least two to three shows every time I go, because I like to see the performers do their thing, and I'd rather spend time enjoying the show and laughing with family and friends, than letting a slot machine eat up my hard earned money.

Nobody knows the exact date and time the national real estate market will fully rebound. Nobody knows the exact date and time when the house you buy in Alexanria VA today will be worth twice as much as you paid.  Nobody knows the exact date and time when Alexanria VA foreclosures will go back to being few and far between.

What we do know, is that waiting to buy real estate in Alexandria VA and gambling on both sales prices and interest rates is risky, and can be very costly.  Starting January 1, 2009, the required minimum down payment for all homes financed with an FHA loan will increase from 3.0% to 3.5%.  Couple an increased down payment with an increase in interest rates and you will be sucker punched into spending more for housing by not taking advantage of the window of opportunity that is already starting to close.

In the past sellers market, the demand for homes for sale in Alexandria VA was so great that the objective for many buyers was to find a suitable home.  Today, concentrate on finding the cheapest home in the best neighborhood.  Buyers right now have a royal flush when it comes to buying real estate in Alexandria VA:

• Ace - Lower interest rates
• King - Decreased competition among other buyers
• Queen - Sellers (and banks) have adjusted prices downward
• Jack - Power to negotiate favorable terms and not waive contingencies
• 10- Seller and lender contributions available in the form of closing costs paid, and down payment assistance such as VHDA and Alexandria City Housing programs

Click here to view our customized spreadsheet that shows how much waiting to buy a home can cost you.

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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes condos, townhomes, and single-family homes for sale.

Call me at 703-623-8759.

Visit my website and Search MLS Listings of Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.