What If I Wait Until Next Year to Buy a Home?We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have
Just Listed In Centreville Do Not Wait Last 2 Sold In Average Of 4 Days
Sorry...too late. Under Contract. But...we have others!!
Amazingly updated 3-level townhome in Compton Valley Estates Community
3 bedrooms, 3 full baths, and half bath on main level.
Asking Price: $375,000
Low HOA fee of $85 per month.
Approximate square footage: 2,004
Refinished hardwood floors on the main level.
New carpet upstairs and in the basement.
Updated kitchen with stainless steel appliances and granite counters.
Vaulted ceiling in the master bedroom with an updated Master Bath.
Lower level features a “Rec Room”, full bath, and extra room to use as needed (exercise room, den, office, craft room…you decide.)
The outdoor deck is multi-level paver patio, fenced, and perfect for entertaining family and friends.
Move in ready!!
The last 2 townhomes "SOLD" in this community were only on the market for an average of 4 days!!
Click picture above for more details, to schedule a tour, or to find out about other homes for sale in the Centreville area.
Why Sell Now Instead Of Later
The Buyers Are Out Now
Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However, recently released data suggests that a seller’s best deal may be available right now. The concept of ‘supply & demand’ reveals that the best price for an item will be realized when the supply of that item is low and the demand for that item is high.
Let’s see how this applies to the current residential real estate market.
It is no secret that the supply of homes for sale has been far below the number needed for over a year. A normal market requires six months of housing inventory to meet the demand. The latest report from the National Association of Realtors (NAR) revealed that there is currently only a 4.2-month supply.
Supply is currently very low!!
A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers out looking at homes) disclosed that there are more buyers right now than at any other time in the last twelve months. This includes more buyers looking at homes right now than at any time during last year’s spring market.
Demand is currently very high!!
Waiting until the spring to list your house for sale made sense in the past. This year is different. The best deal is probably available right now.
I grew up in Fairfax County and playing sports throughout the area. As an adult I have been running my own company for almost 10 years. I took a struggling franchise and grew it into the largest of i....