Every day, all of us at Erick and Company work with home buyers who are searching for a home here in Prince William County Virginia. No matter whether you are relocating from another state or moving across town, everyone faces the same situation. That is, trying to find a home that you like, that you qualify for and one that is available. Most of you are in shock, when you the begin the process of looking for a home and learn that the market is not only brisk , it is also extremely challenging!
Most home buyers think any home on the market is fair game. When you start searching online or you see a sign in the front yard of a home you like, you get frustrated when you learn it actually has several offers on it. If that isn't frustrating enough, after talking with a local Realtor you then learn that not every home is available to every home buyer, no matter if you are pre-approved or not. Not today!
The Reason: The current Real Estate Market Conditions Offers Mutiple Types Of Sellers.
No FHA Loan Flips:-these homes are available only to Buyers with VA Eligibility, Conventional Home Loan Buyers and Buyers with CASH! These homes are typically under $300,000 and they are truly amazing homes that have totally been renovated. They will feature granite, stainless appliances, hardwood flooring, new carpet and new baths! Truly a joy for the lucky buyer who wins the bid on one of these homes! Let me know if this is what you are looking for.
Fannie Mae Foreclosure Listings: these listings are tricky. Fannie Mae requires the listing remain on the market 5 Days for Non-investor and 15 Days for Investors. It doesn't matter if you see and make an offer on day one and offer full price or over list. They will not entertain offers until the time line up. Listing Agents are getting hammered with multiple offers and phone calls.
Bank Owned Homes/Foreclosed Homes: these homes sell quick. The buyer that offers the bank the Best Terms with the least amount of contingencies will win. This is where experience can help you draft a winning offer.
Short Sales-these homes look awesome and typically are priced at market or below. The challenge with buying a short sale is the wait time. Also you must remain flexible on the terms. Just because you and the seller agree to sales price and terms does not mean the bank who holds their loan will agree. Call me for details, we can help you navigate the short sale world. We also scrub the MLS data base daily for Approved Short Sales. For a FREE List of this weeks Approved Short sale click here
For Sale By Owner- many of these sellers are trying to save money by not having a Realtor represent them. Also in most cases they are listed over the market. Most For Sale By Owners homeowners will allow for a buyer to have a Buyer Agent. This does not cost you the buyer one penny for representation. The worst thing you can do is fall in love with a home, negotiate with the seller only to learn that the appraisal came in tens of thousands to low.
Regular Owner Listings: this is a home that is occupied by the current owner and who have enough equity to be able to sell without compromise. More and more are coming on the market daily. Many of these homes can settle within 30-45 days! Realtors refer to these as normal real estate sale.
So your success will depend on your Realtor. A Realtor can scour the MLS Database quickly and check with each listing agent on the availability of a home you are interested in. A local Realtor can save you a lot of time and heartache when finding a home.
Still find that hard to believe. Then ...let me show you how BRISK the market is. Here is my favorite consumer based Multiple Listing Search site for consumers. The following link is a snapshot. Every listing that is crossed out gives you a sense of how fast paced the market is here in Prince William County Virginia click here to view- FranklyMLS.com . Half of the homes currently on the market for sale are Under Contract! If you have a pre-approved for a home loan of $350,000 or more, you will have a much easier time finding a home. Home buyers with a pre-approval under $300,000, the market is quickly moving away from you. Inventory is low and the pace is Brisk!
This is why, it is critical to your success that you align yourself with a Realtor who works everyday in the area that you are searching for. If you don't want to be running like the Hamster in the cage, just running your legs off day after day,week after week waisting time, contact us.
Call today 703-590-2252
Or you can get started right now.We can actually customize MLS Listing Alerts for you. This way you tell us once what you are looking for, and we will have our system send you alerts when a home comes on the market that matches what you say you want! You can get them daily, or weekly. You choose! Feel free to contact me by email and tell me what your looking for, or just give me a call 703-851-3085.
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Contact Peggy James or Erick Blackwelder of Erick and Company of Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252 (Office).
If you are a homeowner who has a home to sell, we have buyers ready and waiting for nice homes to come on the market. Give us a call and we can "GET YOUR HOME SOLD FAST" to list your property for sale we serivce Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Montclair, Dumfries, Occoquan, Dale City, Gainesville area's


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