This week has been a week brisk and it is only Tuesday! 
I meet a young couple in Gainesville to house hunt on Sunday. They had several homes to look at. Three were promising however one really captured their attention. It was a single family home with a two car garage on a nice lot that had just come on the market the day before. The owners had only purchased in 2010 and were selling already for a (break even price!) My recommendation was make a full price offer, ask for some closing costs. The reason is inventory levels were low. Get the home under your control and let the appraisal process dictate the final sales price. These were first time buyers who really needed to think about it. Yesterday the buyers said,they wanted to go for it. But wanted to make an offer lower, since the house needed painting and carpets needed to be replaced.
***Sadly, the home they really like and could see themselves living in, went Under Contract just hours before they decided***
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I received a call Saturday evening from a woman who found a home online in Manassas Virginia. I called her right back ( I always do!). You see she had left the PW# on my voice mail so I could do the research before I called her back. In talking with her she said she and her husband have been pre-approved for up to $400,000 and when searching FranklyMLS.com she saw her "Dream Home". She asked what does it mean when it says the home can only be purchased with an FHA 203K B Plan or Cash. I explained the homes has sustained some kind of damage that lead the listing agent to list as a fixer upper. Their is something that would prevent a buyer from attaining FHA or VA Financing. The FHA 203K B plan is a fixer loan. Well that peaked her interest, since her husband is very handy. I said let's go see it tomorrow before it is gone. It was an appointment only show, so I contacted the listing agent for a time to show.
***Sadly, the listing agent wrote me that the seller has requested no more showings. They had four offers to choose from!***
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I've had four pre-listing appointment since last Thursday. So their is a silver lining. More and more sellers are learning the current real estate market conditions are very good here in Prince William County Virginia and will be listing soon. This is what I've seen this week.
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A stunning little single family home in Dale City, Virginia ( totally remodeled from top to bottom will be priced under $300,000.
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A two year old single family home in Port Potomac Subdivision between Fort Belvior and Quantico,that boasts three finished levels, two car garage, fenced yard and deck will be priced under $475,000.
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A one level rambler with a large level fenced back yard, two car garage, vaulted ceilings situated on a quiet cul-de-sac lot. This home is located in the heart of Manassas Virginia. This is the perfect downsize home. Main level master bedroom. The home will be under $325,000.
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A single family home in Lake Ridge Virginia. The home is a small starter home on Cotton Mill Drive. Tenants will be moving soon,and the seller is getting ready to list. This home will be priced under $335,000.
If you need help finding a home or you have a home to sell, don't hesitate to give me a call. For those of you looking for a home, I can customize your home search to find exactly what you are looking for. I will set you up in our Home Finder System so you will be alerted every time a home comes on the market in your price range and with the features you want. If you are thinking of selling, find out the value of your home right now. Simply fill out this form and I will be right back with you with your current home value.
If you would like to know what homes are selling for in your neighborhood. This is a report we can send you to keep you informed. Take a look at the Lake Ridge Virginia sales report
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.
Well priced homes are moving. . . when can you expect interest rates in the 4% range again?
Good Morning Josh- Thank you. I have learned that home buyers really want to know "what's happening" in the local real estate market. Canned websites do not give that information. I have many people reading my blog and they tell me they love reading what other buyers and sellers are facing.
Hi Fenando- I know...to think I purchased by first home in the 80's when interest rates were above fourteen percent. Home buyers today are so lucky. Their are so many homeowners who would give anything to be able to reduce their mortgages to the current low rates. But their only option is to short sell, or foreclosure if they have a job loss, divorce, or death. It is so unfair. But I digressed....
The market is very good here in Prince William County Virginia and homes are still very affordable.
Sounds like you're keeping nice and busy! Too bad about the buyers. They've got to move fast these days.
Hey Justin. How is it in Loudon County? Is the same thing happening there?