Trading up in Northern Virginia
Sell for more…
If you follow Arlington real estate closely, you may already be aware of the scarcity of homes listed for under $400K. It’s a buyer’s market right now, but there are always exceptions by region/price range if you know where to look, and this is one of them. Properties that fall under this category in the northern Virginia area are in short supply, and as a result, are listing (and selling) for more than they normally would.
…then buy for less
The flip side to this phenomenon is its effect on homes valued ABOVE $400K… Because of the oversaturation of properties at this price point, home sellers are accepting offers lower than their home’s true worth, putting the advantage squarely in the hands of the buyers.
Now is the time to upgrade
If you’re a homeowner in Arlington with a home worth less than $400K, you now have a unique opportunity to “trade up.” In this market, you can sell your home for more than its value and use the money to pick up a more expensive home at a discounted price. This is a solid long term move, and a chance to secure a nicer living space for substantially less than you would normally have to pay.
Any of this sound good to you? If you fit the criteria described above (or are simply interested in buying or selling a home), get in touch with us now and learn how to make the best move possible in the current real estate situation.
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