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Lake Ridge Virginia Real Estate News

Peggy "How will we know when it's a good time to buy a home?"

This is a question we get a lot from home buyers just like you who have been thinking, contemplating, saving and dreaming of buying a home.

You all have the desire but hesitate.

Saying no...not now.

I have learned over the years you may not be saying NO. You are thinking to yourself.  I don't KNOW.

  • I don't know enough
  • I  don't want to buy to high
  • I'm not  sure if prices are going up or down. 
  • I don't  want to make a mistake
  • I  don't know who we can trust.

With that in mind, I  want to take you behind the scenes today and show you what a REALTOR can see  

Below are two charts that will update accordingly month to month to help  you gauge when is the best time to buy. For those of you who are waiting to time the market. This is invaluable information.

The chart below represents how many months it will take a seller to sell a home in the 22192 zip code area. Pay close attention to the price brackets. These figures are based on the number of homes that are For Sale. The higher the inventory levels the longer it takes to sell. It's all based on supply and demand. 


Now the chart below shows us the ACTIVE LISTINGS in the 22192 Zip Code Area. ( this chart updates automatically )  


 

Always remember as inventory increases sellers homes may linger on the market longer.

The longer a home lingers on the market the more sellers may be willing to entertain your offer ( your terms) but don't get too comfortable.

                                     " Interest rates will not stay this low forever."

I have been assisting home buyers and sellers for decades here in the Lake Ridge Virginia area. Don't even hesitate to pick up the phone and call me. I will help you get the very best price no matter whether you are selling a home or buying a home. It's my job!

As always keeping my finger on the pulse of the local Lake Ridge Virginia real estate market. 

 

PS: Whenever we go looking for a home to buy. Just know we do not write an offer without looking at the data. We help you craft the best offer possible, so that you get the house at the terms you need.


Peggy James
Twins Selling Real Estate Team
EXIT CHOICE REALTY
My direct # is 703-851-3085
Our Office # 1-571-477-1105
 
Twins Selling Real Estate Woodbridge Virginia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Visit our website  at  TwinsSellingRealEstate.com 
Like us on Facebook- We're TwinsSellingRealEstate
 
Subscribe to my local blog LakeRidgeVARealEstateNews.com to keep up with market activity, and tips for home buyers and sellers in the Lake Ridge Virginia area.
 
 
Note: This real estate blog is written by me Peggy James and it is is my opinion and may not reflect the opinion of Exit Choice Realty 14067 Crown Ct, Woodbridge Virginia 22193.I have been blogging since 2008 and I am a full time REALTOR® .

Fair Housing Symbol

 

0 commentsPeggy James • August 13 2014 09:13AM
Peggy "How will we know when it's a good time to buy a home? "
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