If you’ve been wanting to sell your home or property in Northern Virginia, now is the best time to do so.
Many Northern Virginia real estate agents and brokers can attest to this, especially after monitoring the recent housing market conditions. And so far, the factors responsible for the current situation include the coronavirus, the unstable economy, constant layoffs of employees from workplaces, and the adoption of working remotely.
This article will break down the reasons why now is the best time to sell in the Northern Virginia area.
Huge Demand for Homes and Properties
One of the contributing factors to the increased sales of homes and properties in Northern Virginia is demand. Since Covid started, many U.S. states have banned certain activities – including open houses. At that initial phase, home sales were really low. However, real estate agents noticed a very good rebound percentage when the world started getting back together and activities restored. They attributed it to the fact that there is a huge demand for properties and homes and are advising sellers to seize this opportunity.
The huge demand for homes and properties has led to low inventory. And it’s the law of supply and demand that determines the price of a home. In that case, considering the current housing market conditions, home sellers can make a huge profit from the price increase.
The National Association of Realtors (NAR) observed an increase in home prices in various markets during the first three months of 2020, and that trend has continued through today. All indicators point towards increasing home values in Northern Virginia remaining constant, even when the market stabilizes.
Low Mortgage Interests
Home buyers in the Northern Virginia area are benefiting from low mortgage interest rates. Low interest rates are a determining factor for home buyers as they decide whether to go for a property in that area or not, or even whether to buy a home at all. However, low interest rates also favors sellers as lower interest rates only heats up the demand in the real estate market that much more. Low interest rates are even more beneficial to those selling a home as it makes it more affordable to buy a new one. When you factor in the significant increase in home prices, you may be surprised just how much you can afford for your next home when you take into consideration what you will make from the sale of your home. Combining the profit you make from the sale of your current home and taking advantage of the low mortgage interest rates can lead you to buying your dream home. Interest rates as of late seem to be on the rise and fast! It is best to take action today!
Sell Your House With Us Today!
With these reasons, you should be convinced that you shouldn’t wait any longer before selling your property in the Northern Virginia area. We specialize in getting our clients the most amount of money in their pocket when selling their home. We do this through our proprietary listing marketing that creates major demand for your home. We also do this through our programs and guarantees such as our Zero Commission program where you as the seller will pay zero commission! We will negotiate on your behalf to have the buyer pay the commission. If you are considering making a move, please don’t hesitate to call us now at 304-316-6412!