DEAR EDITOR: I am a Seller of a home in Northern Virginia. Some of my friends say that this is not a good market to sell real estate. Others say, “If you see it in the HBC Group-Keller Williams articles, you can believe it.” Please tell me the truth; is this a good time to be in the market?
Yes, Virginia, this is a great time to be in the market in Northern Virginia. Virginia, your friends are wrong. They have been affected by the skepticism of a skeptical age. In many sub-markets of the Northern Virginia, Washington DC and suburban Maryland area housing prices are back to peak levels and in others prices are on a trajectory back to peak levels, others are experiencing appreciation over peak.
Statistics show that the Washington, DC metro area expands, not contracts. It is the seat of the National government and all the related professions and industries that support it. Yes the Northern Virginia, Washington DC and suburban Maryland real estate market is a great market to be a Seller of real estate.
Interest rates continue to remain at historically low levels which are projected to increase in 2018. As interest rates rise, Buyers lose purchasing power. Best recommendation is to be on the market prior to the upward trajectory of higher rates which could soften the market.
One can interpret statistics anyway you want, yet it’s how they affect you personally that matters. And I’m here to tell you that in Northern Virginia, suburban Maryland and Washington DC, good houses that are priced correctly are selling in many market segments.
Ah, Virginia, in all this world there is nothing else more real and more abiding than “real estate”.
Karen Briscoe and Lizzy Conroy are active and experienced Realtors® in the Northern Virginia, Washington DC and suburban Maryland market place and would be delighted to assist whether for home buying or selling. Please contact via the means most convenient for you: www.HBCGroupKW.com, 703-734-0192, Homes@HBCGroupKW.com.