Jumping into the Northern Virginia Real Estate Market Can Be Startling to Relocating Buyers

By
Real Estate Broker with Long & Foster REALTORS®, Gainesville, VA VA License # 0225089470

Jumping into the Northern Virginia Real Estate Market Can Be Startling to Relocating Buyers

Northern Virginia is about as recession resilient as you can get.  I'd say recession-proof, but during the housing crisis we, like everyone else in America, lost property value and got hit with a ton of bank owned inventory.  Our housing market recovers much faster and takes less of a hit thanks to our low unemployment rate.  That's what living in the shadow of the Federal government can do for a real estate market.

So when buyers move to Northern Virginia from out of state, they may be ready for a slower paced house hunt.  One that has them mulling over several homes for weeks before going in significantly below market value to make an offer.  Let me tell you, you're lucky if the houses you saw on your first trip out a few days prior will still be available.  Our market moves FAST and it can be disconcerting to those entering from slower paced real estate markets.

The key to success in this marketplace is finding a local agent that can be available to show you the homes you want as soon as they hit the market.  And an local agent will have the inside scoop on homes that are coming up for sale.  Getting a sneak peek at inventory in a market that moves as fast as Northern Virginia can give you that extra day or two to digest or get a lead on the other buyers in the market.

Don't let the market scare you.  Just partner with a local, full-tome professional who has the knowledge and network to get you there first or get you the inside scoop on upcoming listings. 

Posted by

Chris Ann Cleland, Associate Broker- Licensed in Virginia, GRI, SFR, Northern Virginia Short Sale Specialist. Affiliated with Long & Foster, 7526 Limestone Drive, Gainesville, VA 20155.  To contact Chris Ann, call 703-402-0037 or email chrisann@LNF.com.  Or you can visit her website:  www.nvarealestate.net.

Header photos taken by Chris Ann Cleland.

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

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Connie Harvey
Realtor - Nashville TN Real Estate
Pilkerton Realtors

Chris Ann, usually these Buyers lose a great house and THEN they "get it". I'm sure you teach them well!

March 18, 2012 01:08 PM
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Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Good Afternoon Chris Ann, very nicely written. It is a very catchy blog that should reach those moving to your area.  have a great day

March 18, 2012 02:09 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Connie:  I imagine an opposite track relocation, like from Northern Virginia to a slower market would make the Buyer's Agent very happy.  Anyone relocating from here would be ready to act fast.

Scott:  Thanks.  It's basic market info that can be tough for relocating buyers to really absorb.  Everyone has a natural inclination to compare to their own personal level of knowledge.  And when you are coming from another market, that comparison can work against you.

March 19, 2012 09:49 AM
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Chris Ann Cleland

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