Here we are just past the halfway point in the year and the real estate market in the Fredericksburg, Stafford, Woodbridge area appears to have largely recovered from the low point of 2007-2009.
Current supply levels remain right around a 3 month supply with many areas at about a 30 day supply. A balanced market is considered a 6 month supply. The lack of available properties has created a frustrating market for many buyers who are unable to locate a suitable property, and often times competing offers when they do.
Many banks and asset management companies have decided to slow down the flow of homes hitting the market which has created an ideal opportunity for savy home sellers to get their properties sold quickly, at full to slightly over list price for the first time in several years. Positioning your home in the market is the key to taking advantage of the opportunities that exist.
Selling a home is much more than just putting a sign in the yard, and listing the property in the MLS system. When selecting a real estate professional to market your home, be sure to ask exactly what type of systems and tools they utilize to expose your property to the highest number of prospective buyers in the shortest amount of time. Ask for references of past clients who were in similar circumstances as yours, and be sure to call to verify the past client was satisfied. Ask about the sales persons track record over the past 12-18 months. In the boom years it was easy for many agents to sell 15-30 houses a year, today these agents could very likely be selling 3-4 houses a year. Selecting the "right" agent can be the difference in thousands of dollars in your pocket.
Opportunities exist for both buyers and sellers in todays housing market. Maximize these opportunities by selecting the right agent.
The Right Agent Makes All The Difference In The World
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