You may have read in the headlines that housing inventory nationwide is historically low. We have consistently seen inventory tighten over the last 5 years and the lack of housing inventory available for sale is now more pronounced than ever. Demand has understandably contracted, but supply has contracted even more.
For example, the number of homes to hit the market in the closer in suburbs of Northern Virginia in the second half of April was down 5.9% from the first half of April, whereas the number of homes to go under contract in the second half of April was up 21% from the first half of April. Supply is not keeping up with demand and we see this more acutely in the under $1 million price range.
If you are thinking of selling, this is an excellent time to list your home on the market due to critical lack of supply. Also, mortgage interest rates are historically low and serious buyers with stable jobs are in the market right now for a home. In fact, we are currently working with more than 20 buyers in Northern Virginia who need to buy a home. Perhaps your home is the one they are looking for!
Please contact us today for a private virtual consultation about your home and specific market. Now may be the right time for you to sell!
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Your Agents For Life!
HBC Group - Thinking about Investing?
A number of years ago Karen and her husband, Andy, started investing in real estate, one property at a time. They found that adding real estate to their investment portfolio is an effective way to diversify assets while generating passive income. The HBC Group has worked with many real estate investors on their first acqusition along with seasoned investors who utilize a 1031 exchange to for tax planning purposes.
The HBC Group not only markets your rental property to all qualified applicants but also negotiates the lease on your behalf. You may be wonder how you would have time to manage your investment properties? At our brokerage, Keller Williams Realty, we are also affiliated with a trusted and experienced property management company to assist you with effectively managing your real estate investments.
If you have never invested in real estate, NOW may be the best time. If you have adult children living with you at home, this may be the right time to invest in real estate in conjunction with your adult children. They can live in the property you own and you can be their landlord. The arrangement can also be an opportunity to transfer wealth to your children.
Many people wonder when is the best time to invest in real estate? Remember the proverb - when was the best time to plant a tree? 20 years ago When is the next best time? NOW! It is the same principal with investing in residential real estate and HBC Group is here to help.
WE LIVE HERE | WE WORK HERE | WE GIVE BACK HERE
YOUR AGENTS FOR LIFE!
HBC Group - Inventory is Low - Agents we NEED your Help!
Inventory is low in the market, and HBC Group has about 20 buyers who are in need of a home. If you have anyone you know that may fit our needs, please reach out to us!
HBC Group - We Are Here for You! COVID-19
While social distancing, HBC Group would like to make a social connection with YOU!
Home has always been important. We understand that it is more important now than ever before. HBC Group wants to make sure you are safe. If you are someone who is in need of a home we would love to help you during this time.
While at home you may find projects that you would like to get done around the house. We would like to be your resource in helping you connect with our trusted contractors.
You may wonder what is happening in the current real estate market. HBC Group is here to answer your questions and have those important conversations with you.
Smart Real Estate Expertise ~ Since 1977. Over 4 decades in the Northern Virginia Area.
HBC Group - Real Estate Predictions & Trends
HBC Group - Virtual Real Estate Update
As we all transition, HBC Group is adapting and growing our services to better service our clients and community.