FRUSTRATION BUILDS
A word to the wise for anyone searching for a house in today's Prince William County real estate climate. Homes are going under contract very fast. I've been working with home buyers in the $300,000 to $400,000 price range and it's a feeding frenzy out here!
Last weekend I showed a home in Manassas Virginia that had been entered into the MLS Database on Friday afternoon. I met the client at 1pm on Sunday afternoon at the home. On the kitchen counter there were at least a dozen Realtor cards of Realtor who had come and gone. Before we were done touring the home, two more Realtors with prospective buyers were already in the home on the main level. The home was a revolving door of excited buyers. The challenge, the BANK who had the loan required that the home remain on the market for 10 days before they would review offers. They Listing Agent stated the lender wanted highest and best offers on the 10th day.
My client passed on writing on that home, since he could not bid higher than the ask price. Please as you look for homes, make sure you leave yourself room for the bidding process. Homes are priced so low now, that is the only way to get a house.
I'll give you an example, I sent one of my other clients a fresh list of homes that entered the market in his price range on Tuesday morning. The homes were stunning, exactly what he wanted, nice lots, houses in remarkable condition. We have team members who could show him the houses whenever he could break away from work. He never called, well that is not until 11 am Sundaythe June 13th asking to go at 1pm to look at homes. So as good agent I go to the computer to check the status of each home he wanted to see from the list I sent him on Tuesday. This is what I saw on the four homes he wanted to see!
House #1.***FOUR CONTRACTS HAVE BEEN SUBMITTED TO THE BANK FOR APPROVAL***
House #2 ***Submit H&B by 6/11*****
House #3***No More Offers-No More Showings***
House #4-***Multiple Offers Received***No More Offers Thank You***
Take a look at the most recent statistic's and market news reports from the NVAR ( Northern Virginia Association of Realtors) Read May Reports and Market Reports. So, if you are serious about finding a home before it's to late, my advice is get pre-approved, get signed up for immediate email alerts where you are notified as soon as home comes on the market or drops into your target price range.
Call me or contact me by email and tell me what your looking for, we'll set up your alert right away. You'll never miss your DREAM HOME again!
Did you know we scrub the MLS Database Weekly for Foreclosure Homes? GET INSTANT ACCESS.
Would you like to search for homes in your price range right now in the Woodbridge, Lake Ridge, Manassas Virginia area? Just follow this link --- SEARCH WOODBRIDGE AREA HOMES NOW.
Have Questions About Real Estate?
Call Peggy James today at 703-851-3085
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) to list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Montclair, Dumfries, Occoquan, Dale City, Gainesville area's
Curious what homes are selling for in the Woodbridge area? Take a look
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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)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.
Your area is a lot busier than my part of Virginia. Probably due to the fact that we don't have the numbers of foreclosures.
Hi Pam,
Where are you in Virginia? I'm sure some home buyers would be interested to know about other parts of Virginia that has affordable housing and where the market may not be quite as fast.