Wednesday, October 8, 2008
Today's Buyers Market
The Northern Virginia Market is flooded with foreclosures, short-sales and homes for sale. The prices have come down to a more realistic price. With the overabundance of homes for sale and the interest rates at an all time low, it is the perfect time to buy a home. Home buyers can negotiate the price they want to pay as well as ask for closing costs. Most foreclosures are already priced to sell and you can find some great deals. Buyers must understand that these great deals go very quickly so if your ready to buy you must act quickly. Short-sales used to be the kiss of death for buyers. They rarely were approved and the buyer would waste months waiting for the bank to make that determination. If buyers are patient and love the home they want to buy that is a short-sale they can find a deal. Banks are finally starting to work with the sellers to approve these contracts and sell the home. So if your ready to buy in the Northern Virginia Area, give me a call. I'm a no pressure agent who is willing to find what you want no matter how long it takes.
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