Northern Virginia Market Update: This past week buyer activity went up by 6.6% Buyers are coming back into the market from the sidelines, some to capitalize on the declining interest rates! New homes listed are up 2.2%. The average list price to the actual sold price is down but with more buyers coming back into […]
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CURRENT HOME PRICES- WHAT SELLERS SHOULD KNOW Should you sell your home? There is a lot of talk about the housing market. Housing price growth is down from the past few months but the percentage of growth from last year is still up. A normal level of housing appreciation is 3-4%, we are currently at
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Mortgage rate dip brought many buyers and sellers back into the market. Inventory is still higher than last year and days on market keep increasing. Sellers are adjusting to the current market – 40% of active listings have reduced their original asking price. See full report here: https://brightmls.com/article/12040 Please reach out to me if you
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Escalation Clause Real Estate: Many have been asking me lately what is an escalation clause attached with an offer to purchase a home. An escalation clause is an addendum attached to your sales offer for a home you would like to purchase. This addendum should only be used when a home has multiple offers and
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Increase your credit score Pull your credit and do all you can to raise your credit score. The better your credit score the better rate a lender will give you. Mid to upper 700’s will open the door for lower rates! Shop around for lenders and financing options Lenders set their own rates, some are
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2021 was a crazy year & one of the hottest markets in history. 2022 will continue to be a sellers’ market for sure, due to inventory shortage. Price increases are not expected to be what they were in 2021, more towards a normal rate but fir the month of January offers are being made well
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Starter homes are hard to come by in Northern Virginia, is it the death of the starter home? Starter homes are so hard to come by in Northern Virginia. It is truly such a bummer that the starter home is not what it once was. There is no real definition of a starter home but
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Many home buyers in the Northern Virginia area have halted their search. Bidding wars have eased and homes are on the market longer. Realtor magazine has reported that 4 in 10 home buyers said they have stopped looking. The top reasons were that the market was too intimidating and they have lost out too many
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Inventory is still super low, buyer demand fell but is creeping up again. Still a good time to sell. If you are thinking about selling, let’s chat about your plans and the market! #lisajoyrealtor #lisajoyrealtor
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With the recent stock market volatility, you may be looking for opportunities to diversify and protect your investment portfolio against the dips and the potential for inflation. Over the long term, real estate provides steady appreciation and is usually an excellent investment response to inflation. Savvy consumers are becoming increasingly interested in owning property to
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