Lake Ridge VA Real Estate News

This Week's Caller Said: "Peggy, I Want To Sell My Single Family Home. How Soon Do I Need To List It If......"

This week's caller called to said "Hi Peggy,  I have a question? How soon do we need to think about listing our home FOR SALE if our new home that we are having built, won't be ready until mid summer?

I think my response shocked the caller. I said now! 

Spring Market is here and the market is experiencing a rapid pace.  Demand is high and inventory is  low, therefore we should be able to negotiate favorable terms for your home.  The reason, the $8000 home buyer tax incentive is the drivng force in the local real estate market, home buyers are pushing to be under contract by the April 30th deadline and in order to realize the benefit of the $8000 first time buyer credit or the $6500 move-up buyer tax credit. The catch, homes must settle by June 30th, 2010.

She said "I'm not sure we are interested in moving twice!"

I explained to the homeowners that a good Realtor always knows how to help a seller get the terms they need to sell. If  your goal is to move door to door, then coordination is the key to your success. When cann we meet to discuss your options? We scheduled an appointment and this owner took my advice and will be on the market before Easter Weekend!

The Ultimate Scenerio for this seller is this:

  • The seller needs a flexible purchaser who can wait until mid summer for their dream home.
  • The Sellers are more than happy to list and sell before April 30th, 2010
  • The seller will consider a mid June or end of June settlement.
  • The Sellers prefer to do a short rent back for 45-60 days( Rent Back:Seller gets to stay in the home for 45/60 days after settlement and pays the buyer Fair Market Rent)

What's in this scenerio for a Buyer? A lot!

  • Buyers are in a win/win situation. They can settle by the deadline and will realize $8000 tax credit.
  • Let's say you are renting  and your lease doesn't end until the end of July or August. You could finish out your lease without a penalty.
  • If you settle in mid June, your first mortgage payment is not until August 1st, 2010.. However the seller will credit you rent for fourty five days that is more than enough to cover your first mortgage payment and help with your move!
  • Buyers who can be flexible can win big in today's real estate market.

Are you relocating the the Prince William County, Northern Virginia area this sping or summer? If so, and you are heading to the Ft.Belvior, Pentagon or Quantico area's we have a wonderful single family home with three finished levels, a two car garage with a fenced back yard on a quiet street coming on the market soon near I-95.  Subscribe to the RSS Feed below or email me for more information about this sellers home.

  Erick and Company needs homes to sell now. Call us if you would like to discuss your options for selling.

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Erick And Company-Exit First Choice Realty 
14029 Crossing Place, Woodbridge, VA 22192

My Direct #(703) 851-3085 or Office # (703)590-2252

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