The secret is to watch the real estate market closely even hourly to see "what's happening."
That said, who has that kind of time?. With work, responsibilities and your daily schedule it is difficult to be on the computer 24/7 looking for homes that you might like.
So what are your options?Well, we help our buyer and seller clients by setting them up on personalized search criteria. We use our Personalized Home Finder System and set your price limits, geographic area by map, street even the neighborhoods where you want to live.
Why is important to do this?
- So you never miss the house you want and need
- So you know the minute it comes on the market
- So you know the minute the price drops or the status changes
- So you learn what's really happening with real estate where you want to buy
- And for homeowners, you always know what is on the market in and around your home!
Take a look at the update below, that one of our Buyer Clients received today. They are set up to get listings daily from Erick and Company. They are looking in the $300,000 to $400,000 price range in the Woodbridge,Lake Ridge, Manassas Virginia Area. Notice how many homes had an increase in price during the short sale third party approval stage. This happens when the bank determines the home should be selling for more than the listing agent listed it for and what the contract is written for.
" We see this a lot!"
So when you are considering making an offer on a short sale, you and your agent need to look at the latest sales to see if the price is too good to be true or if it is price at or near fair market value."If the short sale listing is priced at a ridiculously low list price, chances are good...the home will come back to the market." Why? Many buyers will walk away from the contract it the bank raises the offer. At that point the home is then noted as an Approved Short Sale. An approved short sale home can settle quicker since the bank has approved the price and terms. There is typically no negotiating at this point. It is what it is.
Moral of this story. "It is important to be set up to watch the market."The house that you did not get a chance to bid on could come back to the market if the bank raises the price and the buyer Under Contract can't get a loan for the higher price!
The $300,000 to $400,000 price range is a very popular price point in the Woodbridge, Lake Ridge, Manassas Virginia area. View all Active Homes In This Prince Range Right Now
If you need help finding your new home.
Please don't hesitate contact me by email or call 703-851-3085.
Contact Peggy Jamesor Erick Blackwelder of Erick and Company ofExit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252(Office).Give us a call and we can "GET YOUR HOME SOLD FAST" to list your property for sale we service Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Manassas Park, Haymarket,Montclair, Dumfries, Quantico, Fort Belvior, Occoquan, Dale City, Gainesville, Garrisonville and Triangle area's .
Find out what's for sale today in Woodbridge Virginia Click here
Have an iPhone or iPad...you are going to love the FREE APP. Use it while you are driving neighborhoods you like! It's an awesome tool!
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Do you need help? Have a question?
Just ask me peggy@erickandcompany.com
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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.
