Real Estate News About Woodbridge Virginia and Surrounding Communities

You Will Find Erick & Company In A New, Bigger Office 

You Can Get To Our Office Quickly And Easily From I-95 Just Off The Prince William Parkway

Pardon Our Dust While The Techies And Contractors Are Getting Us Set Up

Check out our new office, just off the Prince William Parkway

Computer workstations.                        Conference area #1

My colleague, Bob Swartz.                    Conference area #2

A pretty smile will greet you.                 14067 Crown Court, Woodbridge VA

Front of the office park.                        At the intersection of Crown Ct and Golansky Blvd.

Single Family Home In Woodbridge Coming On The Market Soon In A Lovely Planned Community

Stone Front Home With 5 Bedrooms 3.5 Baths Plus Hot Tub All On A Cul-de-sac

Walk To The Elementary School Out The Kitchen Door

Watch This Page For Availability And Price

Video Tour Through NV Homes Area Of Old Bridge Estates Subdivision In Woodbridge Virginia

See A Lovely Area Of Woodbridge In The Old Bridge Estates Area That Offer A Pool Pluse Tennis Courts And Basketball

Take A Short Video Tour Right Now

2012 Loan Limits For FHA, VA, And Conventional Loans

These Loan Limits Apply To The Washington DC Region

If You're Outside The Washington DC Region Your Limits May Vary So Check With Your Loan Officer

Loan limits for home buyers in the Wasnington DC metropolitan region:

FHA: $729,750

VA: $625,500

Conventional: $625,500

VHDA: $450,000

Check with your loan officer to find out if your loan limits are the same as those listed above; Some of the outlying counties have lower loan limits.

Erick

I Pass By A Home Every Day That Has Been For Sale For Months

Why Has The House Not Sold?  Simple.  It's Priced $100,000 Over The Market

It's A New Home Builder's "Spec"* Home That Was Upgraded With Every Luxury Item You Can Imagine

It Doesn't Take Months To Sell A House In Woodbridge If It Is Properly Priced And Properly Staged

Homes in the Woodbridge, Prince William County, and Fairfax County are selling fast when they are priced AT the market. Not $20,000 OVER the market, or $10,000 over the market.

In fact, if your home is priced AT the market, you might be surprised by how many offers you may get, and some of those offers may be over the asking price.

Here's a recent case:  Bob and Colleen wanted $800,000 for their house.  Our CMA showed that it would sell in the $775,000 range.  So we urged Bob and Colleen to order a purchase appraisal, and appraisal just like an appraiser woud do if the house was for sae.

The appraisal came back at $779,000.

Bob and Colleen are smart business owners, so they understand how proper pricing makes the difference between a comodity that sits, and one that sells.

So we put the house on the market for $770,999.

Guess what happened....

Their house got four (4) competing bids, ALL above the asking price, with the top offer at an even $800,000.  They took that offer and got their value.

So, if you are listing your house for sale this season, and you want the most money for it when you sell, price it AT the market, stage it like a model home, and you will sell your house fast, for top-dollar, and with the fewest hassles.

* A "spec" home is short-cut slang among builders for a home that was built without a buyer in hand, on speculation that the house will sell itself during the construction process.

The Market For Real Estate In Fairfax County Virginia Has Flipped To A Sellers Market

Multiple Offers From Multiple Bidders Is Common

Prices Are Rising As Multiple Bidders Push Prices Up To Win The Bidding

Home Prices Are Still 40% Below 2005 High Prices

Stacy and Steve want to move from their 2-story home in Woodbridge to a one level home in eastern Fairfax County, near their jobs in Kingstown.

They have found lovely homes that are 35-45 years-old, that have been fully updated with new kitchens and new bathrooms.

So far, they have lost two homes in bidding wars because they would not go above the list price.

Prices are still 40% below the height of the 2000-2005 market run-up.

They are going for their third home right now, and they are prepared to offer a price above the list price.

Keep your fingers crossed for them.

Erick

Shocked To See Home Mortgage Rates Are Climbing Higher

Fixed Rates Are Back Above 4% And Climbing

Experts Predict Rates Will Slowly Rise Above 6% By Summer

If You're A Buyer Sitting On The Fence Now Would Be The Time To Hop Off

I just received a home loan rate sheet from my favorite lender, Vinnie Apostolico at McLean Lending.

Fixed rates are back above 4%.  I did some research online and found out that the heavy borrowing by the US Treasury and the European economy will likely push home loan rates back above 6% by summer.

A 2% rise over 4% rates would be a 50% increase in rates.

So if you've been sitting on the fence, waiting for a good time to buy a home, you might want to hop off the fence and buy something before your cost of borrowing pushes your house payments up, and your qualification range will drop.

For example, if you are currently approved for a $550,000 house, you might watch your buying power erode to $400,000 by mid-summer.

This is not a sales pitch.

This is not a sermon.

Just an observation.

Fun Stuff This Weeknd For Folks Who Live In Woodbridge

Annual Motorcycle Show At The Washington DC Convention Center

See All The Latest And Greatest Machines On Two Wheels

You love motorcycles.  You want to check out the newest bikes on the market.

The Washington DC motorcycle show is happening this Friday, Saturday, and Sunday, January 13-15 at the Washington DC convention Center.

CLICK HERE NOW to see the annual motorcycle show website.