Loudoun Housing Market Good for Sellers, Tough for Buyers
Loudoun County's housing market has been getting better for sellers while becoming tougher for buyers. The main reason behind it all is inventory. Loudoun's housing market has seen inventory levels go down over the past 5 years. But this year has really seen a drop. Or actually...a lack of a rise during the "spring market" of 2012. As you can see in the following chart, the number of active listings (houses for sale on the market for buyers to choose from) went from 3,540 in September 2007 to 1,087 in December 2009. This was mainly due to the number of short-sales and ...
The Home Buying Timeline
So you're thinking about buying a home, but you're not quite sure what all it involves. Well, here's a "Home Buying Timeline" that outlines the various steps to buying a home... 1) Get Pre-Approved – This step involves contacting a lender to find out what types of financing options are available to you and what amount you qualify for in order to purchase a home. The lender should discuss with you different loan programs and how these loan programs fit your needs. Be sure to tell the lender and your Realtor if you qualify for a VA or FHA loan. You will then receive ...
Home Seller Tips, Part Three – Pricing (and Reality)
This is part three of my three part mini-series on how to sell your home for the most amount of money in today's market. (If you missed them, click here for part one and click here for part two). This part deals with the number one most important issue when it comes to selling your house - pricing - as well as the issue of reality. Pricing In most cases, the reason why a home does not sell is pricing. If it's not priced correctly, it will simply sit on the market collecting dust while other properties that are priced correctly sell ...
Thinking about buying a home? Check out the Buyer Resources section of Loudoun Scene. You'll find several years worth of posts filled with information, resources and tips to help home buyers like you navigate througout the entire real estate search and purchase process. Check them out and let me know if you have any questions.
Thinking about selling your house? Check out the Seller Resources section of Loudoun Scene. You'll find information, resources and tips on everything from market conditions affecting your property's value and Days On Market to marketing tips to pit-falls you need to avoid at all costs. Feel free to contact me for more in-depth information and analysis regarding your specific property and situation.