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Northern Virginia Buyers Are Out in Droves!

By
Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

Northern Virginia buyers are out in droves this January.  The New Year has started with a bang and will likely be this way well into the Spring.

I had the pleasure of showing properties to two separate buyer clients yesterday.   One was looking in Sterling, the other in Ashburn.  No matter the condition of the properties, or the price, we bumped into other buyers at every stop. 

What does this mean to a serious Northern Virginia home buyer?

If you want one of the homes you see while you are out, it's time to put pen to paper and make an offer.  If you don't another Northern Virginia buyer will snatch up that Ashburn or Sterling property you've had your eye on.  The $8,000 first time buyer tax credit, and the $6,500 move up buyer tax credit are definitely motivating factors in this increase in buyer activity.  You can't wait out your competitors and expect to get one of these tax credits before April 30th.

That parade of buyers you encounter at every property has at least one serious buyer who will make the purchase offer.  Let me help you write the offer that gets accepted.

 

Comments(8)

Donna & Larry Johnson
Keller Williams Real Estate - West Chester, PA
Chester & Delaware County

Chris,

  This is a good sign. Things are still alittle slow in Eastern Pa.

Jan 10, 2010 02:26 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Donna & Larry:  I hope that it picks up for you guys too.  It's really feeling like the boom again, minus the inflated prices, here in Northern VA.  Of course, living in the shadows of the Federal Government certainly helps fuel our local economy.

Jan 10, 2010 02:29 AM
Christine O'Shea
Christine E O'Shea Broker - Naples, FL

Hi Chris, These are exciting times, especially to hear that buyers are out in this cold weather!

Jan 10, 2010 02:37 AM
Kirsten Lindquist
Pacific Union International - Sonoma, CA
Realtor - Sonoma Wine Country

Chris:  Nice post with a great call to action.  Hope you write several offers this week.

Jan 10, 2010 02:46 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Christine:  Buyers are happy to brave the cold for that tax credit--be it $6500 or $8000.

Kirsten:  One out, one more ready to go out on the fax.  And three buyers under contract. 

Jan 10, 2010 03:46 AM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Chris Ann-I was out yesterday afternoon (after a home inspection for buyer already under contract) with a buyer looking at new construction in Port Potomac.  Spent time today with a buyer looking at Eagles Pointe (more new construction).  Each sales office had a brisk business going on.  Congratulations on your great start to 2010.

Jan 10, 2010 05:42 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
Chris Ann, glad to see even with the cold weather buyers are out!!
Jan 10, 2010 05:48 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Cindy:  It's good to see the activity around the market.  It's hard to imagine there is anyone in our market that is still talking about our area being in a slow market.

Gary:  Nothing is keeping them from house hunting.  It's great!

Jan 10, 2010 11:17 AM