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Housing Inventory Continues To Drop In Vienna & Oakton

Housing Inventory Continues To Drop In Vienna & Oakton
 What's happening in the real estate market in Vienna and Oakton? Are homes languishing on the market? Is it a Buyer's Market or a Seller's Market?  

It's Wednesday Night & The Restaurant Is Full (What does that have to do with real estate?)

It's Wednesday Night & The Restaurant Is Full (What does that have to do with real estate?)

Now that the calendar page has been turned to November, we realize that Thanksgiving is just around the corner and that we have a LOT to be thankful for - especially here in Northern Virginia. I was reminded of that last night in chatting with a local restaurant employee who had recently come to our area.

He commented that “People who have not lived in other parts of the country over the past few years have no idea how good they have it here in Northern Virginia. They may feel like things are bad here, but things are great here compared to most other areas. Just look around. It’s Wednesday night and the restaurant is full.

If you follow us regularly, then you know we write a real estate blog about Northern Virginia real estate. So what does that comment have to do with real estate?

Today's Top 3 Tech Tools To Sell Your Home

Today's Top 3 Tech Tools To Sell Your Home

 

If you’re thinking about selling your home, you may be wondering how technology has changed the process over the years. It’s definitely NOT your Grandma’s real estate market! So what are some of the top tech tools being used today to sell homes?

Sometimes Boring Can Be Beautiful (at least in the real estate market!)

What’s happening in the Vienna & Oakton real estate markets? Are sales up or down? Are we in a “Buyers Market” or “Sellers Market”? How many homes are for sale?

Time for Buyers To Be Boy Scouts & Sellers To Price Right

Time for Buyers To Be Boy Scouts & Sellers To Price Right

Thanksgiving is just around the corner. WHAT?!?

Seriously, we’re not trying to be like the stores who already have Christmas decorations up (that’s just NOT cool!). But in the real estate market, Thanksgiving really IS just around the corner. The typical sale takes about 30-45 days to go from ratifying a contract to completing inspections, doing an appraisal, title work, survey, walkthrough, etc - to the settlement and move out-move in date. So if you want to be in your new home by the holidays - pay attention!

First - what’s happening in the Vienna & Oakton real estate markets? Are sales up or down? Are we in a “Buyers Market” or “Sellers Market”? How many homes are for sale?

Luxury Home Sales Slow In Vienna, What Else Is Happening in Vienna Real Estate?

Luxury Home Sales Slow In Vienna, What Else Is Happening in Vienna Real Estate?

What’s happening in the Vienna & Oakton real estate markets? Are sales up or down? Are we in a “Buyers Market” or “Sellers Market”? How many homes are for sale?

My Appraisal Came In Low - Now What?!

My Appraisal Came In Low - Now What?!

 

In our last market update, we mentioned having recently seen a number of appraisals come in low - meaning below sales price. (An appraisal is an independent property valuation that is usually ordered by the bank or mortgage lender on behalf of the buyer.) So what happens? Does this mean your home sale or purchase is automatically derailed?