Sorry the home is Under Contract!

I am hearing myself say that more often this year!

 I feel so bad for one of my local buyers in Woodbridge Virginia.

I met them at an OPEN House in December and at that time they were  looking for a Single Family under $400,000 In the Lakeridge area of Woodbridge. At that time their wish list seemed very possible to find a home  priced under $425,00 with updated  kitchen and bathroooms and a two car garage. 

Granite Counter Tops and Stainless Steel Appliances are on the Top of most buyers must have list today.

Well let's fast forward to this last week in Feburary ad I have now taken these folks out looking at homes on three occaisions. They  typically only go out on Saturday or Sunday which is putting them at a disadvantage. Everytime we go out house hunting we are running into multiple buyers looking at the same homes we are . This is now putting them in a  position of  not having time to think before they  must put in  an offer . They have called me twice already wanting to put in an offer only to hear me say...

" I am Sorry that one is now Sold!"

So how do they catch a break you might ask?

Simple buyers need to be open to coaching and listen to their buyer agents who have a great handle on local market conditions. If you are in a competitive price range you need to be ready to make a decision should you find a home  you like. If you need time to ponder and sleep on it you need to rethink your househunting days.

Tip From Pat - Take a day off work early in the week such as Tuesday or Wednesday so that if you need a night to sleep on it you are still getting your offer in before weeeknd competition!

Since I started with them in December we have watched several homes they wanted to think about  get SOLD before they  could make a decision.  That really wears on a buyers  emotions and the idea of getting a deal or  fearing a better home will  come on at a better price clouds their judement. They soon realize after losing two or three houses They need to adjust their  needs, wants along with price as the market conditions shift.

In this young couples case the market is shifting into our Spring market early even with snow on the ground! They feel like they are looking in their rear view mirror and wondering why another  home they thought they wanted to submit an offer on got away.

Indecision is a buyers enemy when the market is hot .. Buyers who are not paying attention do not realize that supply and demand is affecting prices of homes and pushing them up due to lack of inventory expecially under $400,000. Then add to the change in interest rate and  they soon learn their buying power has changed. When these folks  started looking we were at 3.5% Interest Rate(talk about a deal the lowest we have had ever) and Today it is at 3.9% so they  have now lost about $30,000 in buying power due to indecision...OUCH...

So if you are a buyer looking for a home in Woodbridge, Virginia this Spring make sure you get your wish list together, be ready to make a decision because homes are selling fast. Make sure you have talked with a lender and have are in a postion to to buy. There is nothing worse then going to the store without your wallet. Remember the home you looked at today another buyer looked at yesterday and slept on it and is now ready to buy. 

Together we will find your DREAM home and you will be ready to make a decision if you remember you have looked at hudreds if not thousands of homes on line even before you met with an REALTOR. Now it is time to get inside and see how they really look and feel. You will know a good home when you see it. Trusts your instints and just go for it. If it is not meant to be it will fall apart and if it is suppose to be your home it will all fall together seemlessly.

If you are thinking of buying a home between Alexandria ,Virginia to Fredericksburg, Virginia I am ready to help you. Just give me a call and let's talk about what  you are dreaming about.  I know I can help you find your next place to call home if we work together and work smart.

Search for your Dream Home Here

 Call or Text me now at 703-801-9367

 Listen to Patty and Peggy talk about how  TwinsSellingRealEstate can help you.