Home Prices In Woodbridge Virginia Are Rising
Homes For Sale In Woodbridge Are Slowly Gaining Value
The Real Estate Market Recovery Is Finally Here
Home prices in Woodbridge Virginia are rising and that's good news for home owners who watched their home value decline 2006 - 2012. Prices of homes are up 3%-5%, depending on what type of home it is and where it is located.
Home prices are gently rising among the builders who populate the new homes communities. Some builders are quoting start dates 3-4 months after the purchase contract is written. New home builders are reporting brisk sales in their communities.
Low interest rates and pent-up demand are fueling Woodbridge Virginia rising home values. The six month forecast for interest rates on mortgages will stay in the 3.5%-4% range, yielding low monthly payments, often cheaper than rent for a similar house. Folks who sat on the fence 2006 - 2012 are finally coming into the market, and there are more buyers than there are homes for sale.
Are you thinking about moving away or moving up to a larger home? If you want a larger home, you can get a home for 2003 prices. You can sell your present home, or you could keep it as a rental property that will become an investment for you and your family. Rental rates are high because there are not enough rental houses to meet demand.
For example, one of my clients this year saw the rising market, and he wanted a larger home at 2003 prices, before prices go higher. However, he owned a home that is under water. His monthly house payment on his present house was $1,200, and he was able to get $1,600 rent per month. That gives him $400 pre-tax positive cash flow. After tax cash flow is even better.
Home prices in Woodbridge Virginia are rising, and this could be your time to move-up or move-on.
CLICK HERE NOW to find out how much your Woodbridge home is worth in today's market. You'll get a computerized market analysis in 2-24 hours.
Call or text Erick Blackwelder right now for help finding a home, or help selling your house.
Don't worry... Erick doesn't bite, and you won't get a sales pitch. Text or call Erick now at 703-677-1120 for a FREE consultation.
CLICK HERE NOW to search the Multiple Listing Service (MLS) for homes for sale in and around Woodbridge, Lorton, and Mount Vernon.
Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA 22079
Equal Housing Opportunity
Click the link above to email a question to me or call me now at 703-677-1120.
Equal Housing opportunity.