I am predicting a very similar real estate market in 2022 for the Northern VA area. Prices won’t be increasing like they did in 2021 however, we will continue to see multiple offers and bidding wars on the homes that do hit the market. So, what can you do? A ...
Continue ReadingHere is a quick snap shot of what happened in August of 2021 compared to August of 2020. Prices were up around 9% and average days on market was 13. The most shocking statistic is the Months of Supply – is was under 1 month of supply. A balanced ...
Continue ReadingThe Lender Your Work With Is Important The mortgage lender is one of the most important people you will work with when you buy a home. And the person or company you work with will have a huge influence on how smoothly the home purchase process goes, starting with your ...
Continue ReadingUPDATE! Under Contract as of September 18,2021. COMING SOON! Ready for Showings on Friday, Sept. 17. Welcome to this 2 bed, 2 full bath townhome, tucked away in a quiet corner in the Countryside community. It has 1,195 finished square feet, including a finished basement and it has been freshly ...
Continue ReadingAs a buyer, can you get a better “deal” by going directly to the listing agent? In most cases, the answer is no. Some home buyers believe that if the seller doesn’t have to pay the buyer’s agent, they will lower the price on the home. However, the commission that ...
Continue ReadingHousing Market Conditions • There were 2,676 homes sold in Loudoun County during the second quarter, a 43% increase from last year. • Home prices are rising rapidly throughout the county. The second quarter median sales price was $635,000, which is 20% higher than a year ago, a gain of ...
Continue ReadingHave you been thinking about moving, but not sure how you can buy a new home without selling your current home? Good news! There are several financial options that would allow you to buy before you sell. This is extremely helpful in a market like ours, where inventory is low. ...
Continue ReadingThe Dulles Area Association of REALTORS® just released the May 2021 statistics for Loudoun County. For the 20165 area of Sterling, we have seen a 15% increase in median sales price compared to May of 2020. Now we are starting to see more inventory coming to market. In ...
Continue ReadingBaby Boom + Pandemic + Very Low Interest Rates = Not Enough Homes to Meet the Demand We have been hearing for months about how low housing inventory is. But why? Babyboom According to the latest census, about 30 years ago there was a significant baby boom. And now, there ...
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