Lake Ridge Virginia Real Estate News: Lake Ridge Virginia Home Values... Is Now A Good Time To Consider A Move?

Lake Ridge Virginia Home Values... Is Now A Good Time To Consider A Move?

Everyone hears the news reports of how bad the market is. Real Estate is local and cannot be generalized in any way shape or form.Don't get me wrong in many places it is Horrible! However our little community so far has not seen the devastation that others are feeling in this mortgage meltdown mess.We should consider ourselves blessed, continue to grow as a community, embrace the fact that the market is down and love the home your in if your mortgage payment is high and values are down.  The real estate market is cyclical and it will come back. 

However, if you've owned your home for awhile in the area four years or longer, now may be the very best time ever to consider a move. The prices have come down so low and you may be able to upgrade to a much larger home. You have options:

You can Sell your home or you can Rent It. For those that cannot sell, and still want to secure a great move-up home explore the options of renting your home. Here's the great news. The single family rental market is HOT..HOT...HOT!!!  Owners can realize an average rent of $2000  for a mid sized single family home in the 22192 area, if you own in a home in Westridge, Cannon Bluff, River Falls or Coventry Glen fair market rents are topping $3000 a month! So if you've been dreaming of buying one of those great foreclosed properties you have been hearing about now is the time.

Let's talk I can  share with you what your home can rent for. Then call Markita Aldridge a  local lender right here in Lake Ridge who works for Westar Mortgage right across from the Giant Foods on Hedges Run. She  will share with you your options based on your individual financial well being. Talk to her, tell her you are thinking about buying and renting your home based on our convestaion. She will tell you what's possible. From that point you will then be armed with information. This is when things get really exciting...the possibilities can be a dream come true for you and your family. Homes like the one below here in River Falls  are priced under $600,000!



It doesn't get any better than that. If you would like to know what your home would rent for contact me. The military is on the move, many homeowners who had good credit however their mortgage payment skyrocketed and they cannot afford it and have lost their homes all need homes to live in. These are not bad renters, they got Rotten Loans and now are paying the price. That does not mean they were irresponsible or reckless. Maybe unaware of the consequences and the what if, is a better way to categorize them. 

There are many custom homes in any around the area that are up for sale.  For example the home above is only a few years old, and it located in River Falls and it was only $578,000!!!!Larger move up homes can be found in Westridge, Crestridge, Coventry Glen, River Falls, and Cannon Bluff and Lynnwood subdivisions in and around Lake Ridge. If you would like to see what's available right now  you can search on .Many of the move-up homes can be found in well established communties and feature half acre lots up to 2 acre lots and even in a golf course community. It's a great time to consider a move-up purchase. Many are still serviced by Garfield and Osbourne Park High School.

Got a question? Just type out a comment I'll be right with you.....

Contact Peggy James or Erick Blackwelder of Erick and Company/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



Peggy James
 My direct #:703-851-3085

Search homes for sale in or local Prince William County Virginia area and Eastern Fairfax County near Fort Belvoir Virginia.

Twins Selling Real Estate

"Our Goal is Your Goal!"

Twins Selling Real Estate EXIT Realty Associates 8998 C Lorton Station Blvd, Lorton Virginia 22079 Equal Housing Opportunity Call 703-851-3085
Comment balloon 0 commentsPeggy James • September 06 2008 07:12AM