Realtors and Home Buyers are Encountering a Brisk Sellers Market in The $400,000 to $500,000 Price Range In Woodbridge and Manassas
Nice homes in good condition priced well sell very quickly and in many cases sellers are experiencing the trill of multiple offers!
What happens when the real estate market conditions shift to a sellers market?
- Nice homes in good condition that show well sell in days!
- Sellers are in the drivers seat with the benefit of viewing multiple offers
- You the home buyer needs to put your best offer on paper. Assume someone else wants the house as well.
- Pay close attention to all the data your Buyer Agent is giving you. Comps, Days on Market, Current Supply. All of these trends play a huge part in the offer price and the terms you ask the seller for.
- Trust in the appraisal process to keep things in perspective.
- The goal is to get your offer accepted.
- How do you do that ? Never hesitate when you see a home you love.
For all of you who are reading this that are prospective buyers who want a good deal. In the words of my partner Erick Blackwelder when someone is thinking of low balling an offer just because they want to try. He'll say, I've showed you all the comps, we have looked at all the other homes in your price range, and you have rejected them for you own reasons. This is the home you love and want.
Then he typically asks one last question before he writes the terms of the contract.
"Do you want to learn a lesson or do you want to buy that house?"
Want proof, I just captured this image off the Realtors MRIS database to give you a visual. Take a look at the last column.This image is for homes that have gone Under Contract since March 1st,2011.
Pay attention to the last column. Look at the Days on Market before the seller received offers!
The current real estate market in Eastern Prince William County Virginia is experiencing multiple offers in the $350,000 to $400,000 price range as well as the $400,000 to $500,000 price. In fact we have multiple offers on our newest listing in Westridge priced at $599,900 at 12290 Pondwater Ct.
Confused? Have questions? Don't hesitate to call. Erick and myself can coach you on all of your options.
Find out what's for sale today in Woodbridge Virginia Click here
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Contact Peggy James or Erick Blackwelder of Erick and Company of Exit Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085(Peggy) 703-590-2252 (Office).Give us a call and we can "GET YOUR HOME SOLD FAST"to list your property for sale we service Woodbridge, Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas,Gainesville, Garrisonville and Triangle area's.Basically all of Prince William County Virginia. Manassas Park, Haymarket,Montclair, Dumfries, Quantico, Fort Belvior, Occoquan, Dale City.
