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.