Serving Northern Virginia
You just got a great deal on a foreclosure or short sale property in Prince William County. You brought in your crew to renovate and now it is ready to go back on the market. But who can you sell it to? Recently my buyers have encountered two properties in Woodbridge that were pristine and…
Searching for additional information on pre-foreclosures, foreclosures and auctions in our MLS system is about to get easier. Or at least that is what the latest news flash from MRIS says. A new partnership with First American’s Realist will provide MRIS subscribers with access to a Foreclosure Activity Search Tool (FAST) directly linked to our…
For anyone following my posts recently knows that I have been keeping an eye on the inventory, especially Prince William County, to see what might be coming next. My first post pondered why the Prince William County housing inventory numbers reported in the MLS and by others was significantly lower than the previous quarter. The…
Last week in in a post entitled “PW County Inventory-What’s Missing from our Numbers I questioned the market reports that suggested that our local market had made a positive turn with significantly lower inventory. Since most of the larger banks had put a moratorium on foreclosures last fall we could see the impact in Prince…
If you are a first time buyer it can’t be said enough times that you need to have an agent on your side. You also need to make sure you find an agent that is looking out for your best interests and not in a hurry to make a sale….any sale. You will find plenty…
A year ago the market was ripe for buyers to try and negotiate the deal of the century with REO properties. Fast forward to spring 2009 and the chances of getting a lowball offer accepted are quickly becoming history. The market in Northern Virginia especially in the Prince William County has shifted and instead of decent properties sitting on…
Have the prices in PW County (VA) finally hit bottom? Have the lower interest rates sparked new interest in home ownership? Has the $8000 tax credit finally gotten buyers off the fence? Whatever has happened the bidding wars to buy lower priced properties in Prince William County are back and going to strong. Look at…
The current real estate market in Northern Virginia has proved a rude awakening for some military families stationed at Fort Belvoir or the Pentagon who signed a lease in the last year. Landlords with adjustable rate mortgages or too many speculative properties to handle are collecting rent and not paying their mortgages. The result? A…
