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Spring Is Approaching Top 5 Reasons Why Now Is The Time To List Your Northern Virginia Home For Sale
By Editor · on March 9th, 2010 ·
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Why You Should List Your Northern Virginia Home For Sale Now
Northern Virginia has survived the Blizzard of 2010. Spring is quickly approaching and you hear from Real Estate Agents all over Northern Virginia that the time to List your Northern Virginia Home For Sale is now! But is this true? or are they just trying to drum up business for themselves?
We at the Northern Virginia Real Estate Times agree with local Northern Virginia Real Estate Agents that say the time to List your Northern Virginia Home For Sale is now, and we will give you reasons why we agree with them.
Top 5 Reasons Why You Should List Your Northern Virginia Home For Sale Now:
1) Inventory Levels: Inventory Levels in parts of Northern Virginia and Washington DC are at all time lows. This means less competition and a better chance that you will get multiple offers and receive the offer that is close to your asking price, provided you have priced your home well to begin with.
2) First Time Home Buyers Tax Credit: The government extended this program through the end of April, 201o. Whether they extend the deadline or not is anyone’s guess. Home Buyers who plan to take advantage of the tax credit and haven’t yet will have to move quickly in order to close prior to the deadline. This gives you the opportunity to get your Northern Virginia Home Sold if you have priced it correctly.
3) Move Up Buyers & The Expanded Tax Credit: The government expanded the Home Buyer Tax Credit to current home owners when they extended the First Time Home Buyers Tax Credit. However, this to is scheduled to expire at the end of April, 2010 as well. Whether they will extend this program yet again is anyone’s guess, but why take the chance that they might not.
4) Mortgage Backed Securities (MBS): The government is set to discontinue buying Mortgage Backed Securities at the end of March, 2010. Whether they extend this program again is anyone’s guess. As long as they continue to buy them chances are they Fed will not raise interest rates although anything is possible. If interest rates rise this could prevent some buyers from being able to qualify and purchase a home.
5) Interest Rates: Interest Rates are at all time lows. The 30 year Fixed Rate is at 5%. People have been spoiled with these rates and take them for granted. Chances are they will begin to rise soon after the government ends their program of buying Mortgage Backed Securities. If this happens potential Home Buyers who didn’t take advantage of these rates may not qualify and lock themselves out of the market.
The time to List your Northern Virginia Home For Sale is now. Contact a local Northern Virginia Real Estate Agent today to discuss Listing your Northern Virginia Home For Sale. Be sure to tell them to advertise your Northern Virginia Home in the Northern Virginia Real Estate Times until it sells. This will give your Northern Virginia Home the marketing exposure it deserves!
Northern Virginia Real Estate Times
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