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Vienna Homebuying Opportunity Knocks

Vienna Homebuying Opportunity Knocks

What’s happened in the real estate market in Vienna and Oakton over the past week?

Do Home Sales Slow In Summer?

Do Home Sales Slow In Summer?

Memorial Day Weekend is the unofficial start of the “summer season”. And while most people think Spring is the best time to sell your home, we think summer is a great time also. In previous years, the standard time to get from ratifying a contract on a home to the actual settlement & moving in day was about 60-90 days. As technology has advanced, timeframes have become much shorter and the norm now is about 30 days.

What that means is the summer market has been extended. Home buyers with children in school – whether elementary school or college – often try to time their home purchases so they will be settled in their new home by the time school starts. When it took 60-90 days to get to settlement, that meant they had to be under contract by May or June. Now that loans can be processed quicker and timeframes in general are much faster, that means families can purchase a home in July – even in August – and still move in by the time school starts.

Do I Really Need A Home Inspection?

Do I Really Need A Home Inspection?

If you’re buying a home in Northern VA, you may be wondering whether or not a home inspection is worth the expense. After all, home inspections can cost anywhere from $300 to $800 depending on the size of the home.

Oakton Housing Supply Up, Vienna's Is Stable

Oakton Housing Supply Up, Vienna's Is Stable

Over the past week, Oakton’s housing inventory increased 21% – from 72 homes on the market to 87 homes available. In Vienna, the number of active listings remained about the same as the previous week – with 126 homes for sale as opposed to 124 homes last week.)

What else is happening in the real estate market in Vienna and Oakton?

Vienna Housing Supply Hits New Low

Vienna Housing Supply Hits New Low

Sales in the Vienna and Oakton market remain brisk, and as a result Vienna’s housing supply has dropped to a new 2013 record low of less than 1 month. (We have not seen this in MANY years!) There are currently 125 homes on the market in Vienna. And in the past 30 days, 127 homes have gone under contract. Yikes!

Buyer's Market? Seller's Market?

Buyer's Market? Seller's Market?

“Are we in a Buyer’s Market or a Seller’s Market in Vienna and Oakton?”

This is a question we still often get asked. Well . . .

"Kill Or Be Killed" - Tips To Survive Today's Real Estate Jungle

"Kill Or Be Killed" - Tips To Survive Today's Real Estate Jungle

An experience this week with a longtime friend got me thinking about the Northern VA real estate market and how it’s become a jungle out there. “Kill or be killed” as the saying goes.

Monday morning I got a Facebook message from my friend Tarzan that said “So Jane and I stopped by an open house yesterday just for grins . . . Uh Oh Chongo, we need The Belt Team!“. (Note: Names changed to fit the jungle theme – and to protect our clients.)