Lake Ridge Virginia Real Estate News

Excellent Article In Washington Post About Investing In Real Estate

This past weekend, there was an excellent article in The Washington Post noting that some baby boomers are reclaiming the old way of buying investment property. Our current real estate climate is helping investors buy investments the old fashion way. Buy low and rent for a positive cash flow. The  Prince William County foreclosure properties have dragged down home prices. That's the reality we are living in right now. In all my years as a Realtor in this county I have never seen a better time to be able to snag positive cash flow rentals. If you didn't see the article READ MORE....here

 

one bedroom condo

Did you realize there are over three hundred active homes on the market in the Woodbridge -Lake Ridge Viriginia area that are priced under two hundred thousand dollars. Take a look 

Do the math...how are your current investments doing? Is now the time to consider an investment property? Mayne it's time to look into your options.

Many of these homes need some work, and might need to be purchased by CASH. Cash is KING in our market.

 

 

All of us who sell real estate for a living, have always known that real estate is an excellent long term investment. So, if you have been thinking about diversifying your investment portfolio maybe buying a rental is the way to go. What would you be looking for? A Condo? A Townhome? Or Single Family?

Bank Owned home

 

 Did you know that in Eastern Prince William County the average rents are as follows:

  • one bedroom condo rents for $1000.
  • two bedroom condo $1250-$1400 depending on age/location
  • the average three level townhome rents for $1600
  • the average single family home rents for $2000
  • larger grand single familes rent for $2500- $3200

Waterfront Community Investment

 

So most ask "How The Rental Market In The Woodbridge Virginia Area? Let me show you, since  January 1st 2009 these are the statistic's on the MRIS database in the 22191,22192, and 22193 zip code areas:

  • 454 Properties Listed and Rented on MLS System
  • 58   Currently Have Applications Registered
  • 270 Are Active For Rent

Average Time It Takes To Rent Ranges Between 60-90 days.

If you have questions about buying investment property give me a call and I will help coach you on your options. Erick  and I work as Buyer Agents.

   We can help find what your looking for...

Call 703-590-2252

   Opportunities Are Everywhere...

 Erick Blackwelder or Peggy JamesExit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252 (Office) to list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany,  Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.

Equal Housing Opportunity

Peggy James
 My direct #:703-851-3085
 

Search homes for sale in or local Prince William County Virginia area and Eastern Fairfax County near Fort Belvoir Virginia.

 
Twins Selling Real Estate
 
 
 

"Our Goal is Your Goal!"


Twins Selling Real Estate EXIT Realty Associates 8998 C Lorton Station Blvd, Lorton Virginia 22079 Equal Housing Opportunity Call 703-851-3085
Comment balloon 0 commentsPeggy James • May 05 2009 08:27AM
Excellent Article In Washington Post About Investing In Real Estate
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This past weekend, there was an excellent article in The Washington Post noting that some baby boomers are reclaiming the old way of buying investment property Our current real estate climate is helping investors buy investments the old fashion… more
Should You Buy In Fairfax County or Prince William County Virginia?
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For as long as I've been a Realtor in Eastern Prince William County, this has been the main question for relocating buyers. The challenge is always the traffic, and time on the road. Northern Virginia traffic is known to be brutal. It is at… more
How To Find A Good Realtor To Work With?
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Erick Blackwelder of Erick and Company happened to be in Potomac Mills Mall in Woodbridge VA the other day and stopped for a few minutes to share with you the consumer the best way for you to find a Realtor. Erick and I are just a… more
Spring Pruning. Do You Chop Crepe Myrtle's Or Not?
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There seems to be a new fad in Westridge and Lake Ridge Virginia. This spring more homeowners are prunnng the Crepe Myrtle trees. I noticed the crepe myrtle trees's at the entrance to Westridge prunned… more
What's Happening With The Woodbridge Va Real Estate Market? According…
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Take a look at what this market snapshot from Trulia shows for April. This information doesn't come as a surprise to all of us Realtors out pounding the streets assisting buyers with finding a home. The competition is brutal! That goes for the… more
Foreclosure Stats For 22192 Area… Foreclosures Are Slowing Down
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NEW TOOL FOR REALTORS This week MRIS the Realtors Database has given Realtors access to the most extensive online foreclosure activity information available on the market! The Foreclosure… more
Erick and Company Gets Another Short Sale In Lake Ridge Virginia SOLD!
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Everyone was overjoyed at Settlement 1948 Rainbow Ct, Lake Ridge VA 22192 Went to settlement for $135, 000 This home was listed by Erick and Company and the buyer was… more
Have you seen the hummingbird migration?
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I follow Janice Rosovelt's blog and today I saw and read something I just had to share with my reader. Can you believe what you are seeing in the photos. Have you ever seen this, or even heard of it? I hadn't. Abagail Alfano of… more
Updated Prince William County Foreclosure List Just Posted 4/20/09
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This weeks foreclosures were just published on our website. You can find gorgeous homes just like these two. The first one is in Gainesville $399, 900 and the gorgeous split level is in Dale City priced at $224, 874. &… more
How Do You Know Your Real Estate Agent Is Doing A Good Job Marketing…
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Selling a home can be a very stressful situation, especially if you have plans and dreams that you want to accomplish and you need to sell the home to attain your goals. In today's real estate climate it takes a lot more than planting a sign… more