This Week's Caller Said" Is Inventory Low, Or Are Agents Bluffing?"

By
Real Estate Agent with Twins Selling Real Estate Team 0225018862

It was yesterday, I received another call and the prospective home purchaser  was questioning " How come it so hard to find a home with a one or two car garage in Lake Ridge Virginia under $350,000?"

My response was....simple "because many home sellers cannot sell because they may be upside down or and many homeowners are still not in a position to move. Currently on a good day, you may have a handful of homes to choose from maybe two in that price range."

I reassured her agents are not bluffing. Resale inventory is low in several price points. Take a look.

  • Homes For Sale in 22192 Between $300,000 and $400,000 View Here ( current home inventory is very low)
  • Homes For Sale in 22192 Between $350,000 and $400,000 VIEW HERE ( Less than two dozen homes For Sale)
  • Homes For Sale in 22192 between $400,000 and $500,000 VIEW HERE ( currently inventory is good in this price point) 

I did a market update earlier this week to help home buyers and home sellers understand the local real estate market conditions. 


That said, I met with a prospective move-up buyer late yesterday. They have a Pulte Carriage Home in Lake Ridge Virginia. A very sought after starter home here in Lake Ridge Virginia. Someone is going to be able to get a darling home when it comes on the market. That's if the homeowner chooses to sell. You see they are in a win-win situation. They can rent or sell whichever they choose to do. They are one of the lucky homeowners in the Lake Ridge Virginia area who can consider a move-up purchase and make a solid non-contingent offer on a move up home.

With mortgage interest rates under four percent and seven year arms at less than three percent, home buyers are coming out of the woodwork and chances are low inventory situations will continue into fall.

Call me

 Homeowners if you are thinking it time to buy your move-up home, now is the time. When inventory is low, you are more likely to get your price.If your curious what your home would sell for simply call me or simply fill out this form with your street address and tell me a little about your home and I will send you a comparative market anaylsis. Then let me come take a look at it to see what you would have to do to put your home on the market. Chances are...not much. When inventory is low, and demand is high that is always good news for home sellers.

Posted by

Peggy James
Twins Selling Real Estate Team
EXIT CHOICE REALTY
My direct # is 703-851-3085

Twins Selling Real Estate Woodbridge Virginia
 
Visit our website  at  TwinsSellingRealEstate.com 
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Catch up with current real estate market conditions and what's happening in our world visit my blog at LakeRidgeVARealEstateNews.com
 
 
Note: This real estate blog is written by me Peggy James and it is is my opinion and may not reflect the opinion of Exit Choice Realty 14067 Crown Ct, Woodbridge Virginia 22193.I have been blogging since 2008 and I am a full time REALTOR® .

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  1. Joe Jackson 07/20/2012 10:04 AM
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Topic:
ActiveRain Community
Location:
Virginia Prince William County Woodbridge Lake Ridge
Tags:
market update
erick and company
sell my home fast

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Rainer
7,179
Helen Wiegman
Wiegman Realty Group

Hello Peggy,

It is so interesting how this response is so area specific.  I service the Manatee/Sarasota Counties in Florida.  Manatee was once dubbed, "the fasting growing county in the nation."  We do have low inventory, in certain price ranges and in certain subdivisions.  Since we had a ton of new construction and new communities popping up well into late 2007, many of those communities fell hard.  In those markets, you can barely find anything decent, clean, etc. under the $200,000 range.  In other areas, such as Lakewood Ranch you can not find the same for under $300,000.  The $800,000 and over market and waterfront is stable and improving as we have many communities where there are wealthy individuals.  I always tell buyers on the fence, buy now or regret later.  Our rental market is incredible as well.  It's an exciting time to be in real estate.

Good luck with all of your future sales and I would love to work referrals with you back and forth!

 

Helen

July 21, 2012 07:21 AM
Rainer
187,895
Lisa Treu
Treu Group Real Estate
Palm Beach County Florida is hot too. In fact many areas see multiple offers. It is hard for buyers to imagine until they start the offer process even though they are hearing it.
July 21, 2012 11:48 AM
Rainmaker
1,165,850
Gene Riemenschneider
Turning Houses into Homes
Home Point Real Estate

No bluff about it.  Inventory is low.  There are too many of us to have a conspiracy like that.

July 21, 2012 01:40 PM
Rainmaker
793,074
Lyn Sims
Schaumburg Homes
RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago

Really great info & well done. We're not making this stuff up!

July 21, 2012 02:58 PM
Rainmaker
268,480
John DL Arendsen
Real Estate Broker, Mfg Home Dealer, General Contr
TAG Real Estate Sales & Investments & ON THE LEVEL GC

Anyone care to speculate where QE3 will take the RE market?

September 13, 2012 04:43 PM
Anonymous
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Rainmaker
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Peggy James

REALTOR servicing Lake Ridge Virginia Area
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Additional Information

Lake Ridge Virginia Real Estate News Local real estate agent Peggy James of Exit Choice Realty blogs about current real estate market conditions, just listed, just sold, and shares tips and information for home buyers and sellers in and around the Lake Ridge Virginia area.

Lake Ridge Virginia Real Estate News- Peggy James a local Realtor who helps home buyers and sellers in the Woodbridge,Lake Ridge, Manassas, Dale City, and Quantico Virginia area's. Ask questions about the real estate market conditions, new home communities, how to coordinate buying a move-up home or downsizing to a smaller home. Learn about VA Zero Down Loans and how to purchase a new home or resale home. Learn when's the best time sell, how to prepare your home for sale and who can sell your home fast.

Don't hesitate to TEXT Me 703-851-3085.

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Have a question? Feel free to call me direct at 703-851-3085. " Have a Super Day!"