Real Estate News About Woodbridge Virginia and Surrounding Communities

Woodbridge Real Estate At Affordable Prices

Really, Really Big Homes With Luxury Features At Surprisingly Affordable Prices

Owners of large, luxury homes and executive homes have seen the light.  No more pricing luxury homes to get "top dollar".  The name of the game is to beat the competition.

Luxury home buyers are getting lovely homes, on quiet streets, with trees, luxury features; three-car garages, gourmet kitchens, wood floors, massive mouldings, home theater rooms, luxury baths, and on and on...

Do you like to get a good deal?  I do.  I have met lots of folks, and so far, I have not met anyone yet who despises getting a good deal on stuff we all buy.

Most home sellers ask, "How can I get the most money for my house?"

Home Buyers: Remember The Home You Loved Three Years Ago That You Could Not Afford??  Guess What?  Prices Have Come Down, Interest Rates Have Come Down, So You Can Get The Home You Could Not Afford Three Years Ago.

Fannie and Freddie raised the "conforming" loan limit to $730,000 in the Washington, DC metro area.  Conforming loans are the most affordable loan products, with the best terms.

A better question right now if you are thinking of selling your home would be, "How can I price my home to beat my competition, by offering up-scale buyers a really good deal?"

It's happening.

Sellers in the $500,000 - $990,000 price range are selling their homes by pricing their homes in harmony with homes that have sold in the past 3 months.

Home buyers in the luxury home market are getting homes today at 2003 prices. 

Price it right, you sell.  Over-price, and you sit.  Buyers have too many choices at lower prices, with luxury homes offering more bang for the buck.

"But what if we (overprice) our home at $X and see if someone makes an offer?"

"We can always come down (in price)?"

"Don't peope make offers?  Shouldn't we add $50,000, $100,000 or more to the price for 'wiggle room'?"

"But Erick, we PAID $XXX,XXX for our house and we NEED to get that money back."  (What if your uncle gave you the house for free as a gift?  Would you take $0 for your house?  Of course not, you'd want the market price)

"But Erick, our neighbor around the corner sold their home for $200,000 more three years ago."

"We've upgraded our home with knobs on the kitchen cabinets, new toilet paper holders, and a spot-light with a motion sensor.  That's gotta add at least $20,000 value."

STOP IT.  STOP THAT KIND OF THINKING RIGHT NOW!!

I know a family that has been asking the questions above for FOUR YEARS about a vacant house here in Woodbridge, on which they have paid $3,000 per month, while they also pay for the home they bought four years ago in Florida.  Yep, they have paid $144,000 to carry a vacant house for four years while they chased the market downward.

Their vacant home is lovely, clean, with upgrades galore, a custom mahogany bar and theater room downstairs, and a drop-dead gorgeous inground pool on a two-acre wooded home site.

We have Realtor slang for folks like them... "They're selling the neighbors homes".  Folks see their home, then compare it to the bigger (much bigger), newer house around the corner for $100,000 less, and they buy the bigger house for $100,000 less.

You can get an instant list of luxury homes for sale right now in Prince William County.  CLICK HERE NOW for instant access to a list of luxury homes.

Did this post tickle your curiosity?  CLICK HERE to send your question.  Answers shall be sent by email ONLY, unless you specifically ask for phone call.

You can get computerized, automatic, customized FREE ALERTS by email when new listings of homes that fit your wish-list are posted on the Realtor's MLS.  You'll find out about the newest listings before most Realtors know about them.

That way you'll know when your dream home hits the market.

 

Opportunities Are Everywhere...We Can Help You Find Your Dream Home.

 

 

 

 

 

Erick Blackwelder or Peggy James of Erick and Company - Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252  list your property for sale or to  purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany,  Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.

 

Equal Housing Opportunity