What Steps Are Needed to Buy a Home in Northern Virginia?

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Hey everyone, today we are excited to bring you the first part of a five-part series on the home buying process. Here in Northern Virginia, there are really four stages to buying a home: preparation, shopping, negotiation, and closing. Today, we are going to give you an introduction to the process.

The preparation stage begins with deciding to buy a home. The next thing you need to figure out is your buying power, so you know what you can afford. Then there's the matter of deciding to work with an agent, getting over the fallacy that not working with an agent will save you money.

The shopping stage is the most fun, and what most people want to jump right into. As it turns out, there is some significant preparation and planning to make the shopping less stressful. We are experts at that.

The negotiation stage is when you want to work with a consulting expert, who deals with negotiation strategies and knows what to do in multiple offer situations.

In the closing stage, it's all about avoiding surprises. I like surprises, but I don't like surprises that cost me a lot of money. We also take pride in working with inspectors to get you to a smooth closing.

Thanks for taking the time to check out our blog today. In the next video of this series, we will start going into more detail on each of the four stages of home buying. Next up, preparation! In the meantime, if you have any questions, you can always reach out to us via phone or email. Talk to you soon!

What Does the Northern Virginia Real Estate Market Look Like?

Northern Virginia has a wide variety of top-quality homes within a lively and vibrant real estate market. If you're wanting to browse the vast selection of homes, GO HERE to perform a Full Home Search if you're interested in buying a home. For any other questions you have regarding your home's value, or the general state of the Northern Virginia market, please feel free to reach out to us at (703) 615-5888 (for Deanna), or (703) 969-0410 (for Jim).

Hey there everyone, We are here today to bring you a very brief market update for Northern Virginia. Here are the latest statistics, from our local MLS: 

• Overall, the market is up 15% in dollar value 
• Of that 15%, we are seeing 7% more units move 
• The average price per unit is up 8% 
• Days on the market has also increased, by about 32%

Here's the most important thing you need to know right now: interest rates are going up soon. When they go up, buyers can't afford as much home, and it's harder for sellers to sell. Rate increases are coming this year, so now is the time to be proactive about it.

If you have any questions for us, feel free to give me a call or send me an email. I would be glad to help out.