Another Home in New Bristow Village Sold to Very Happy Buyers
Sometimes, as a Bristow Buyer's Agent, you just end up with a client that knows exactly what they want. That was the case with the Buyers that fell in love with this New Bristow Village home. They went out with an associate of mine once to see a home, and then one other day with me to see three homes. They knew they wanted this home as soon as they saw it.
Oddly enough, this home, located at 10907 Walter Taylor Road was hitting the market the same day the Buyer Brokage Agreement was put together: April 3rd. It was priced at $509,900. The Buyers saw the home with me, on April 19th and we immediately set about writing an offer. There is no question that Bristow, VA is experiencing a seller's market. That means not enough homes to meet buyer demand. Buyers who don't act quickly will often lose out to another buyer.
It took three days for the Buyers and Sellers to come to agreeable terms. To the Buyers it probably felt like an eternity. One of the sticking points was the Sellers wanted a quick closing. The Buyers, who were under a lease that they were going to be let out of at the end of July, earlier was not better. Unlike rent, mortgage payments are in arrears. When you make your payment on the first of the month, it goes to pay for the month previous. And since you pay your first month's partial mortgage interest at settlement for that month, there is a month delay in making your first mortgage payment. We agreed on June 23rd for a closing date. That meant no mortgage payment until August 1st, the first month they would have no rental payment.
This New Bristow Village home closed on June 23rd (2014) for $495,000, $14,900 below list price, proving that just because you are experiencing a seller's market doesn't mean you can overprice your home.
If you need help finding the perfect Bristow home, call me and let's talk about what you want and get started house hunting. July and August are typically months where buyer demand curbs a bit, but sellers are still looking to take advantage of the spring/summer market.
Chris Ann Cleland, Associate Broker-Licensed in VA
2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA