All Real Estate is Local-Top 10 reason why you should buy in Virginia
We all understand the local economy, job market and investment trend in the area. Listing and reading about all the negative things about the Real Estate industry, I wish we only had access to local media information. On the other hand living in this globalization and technology growth era we have more information and tools to draft the realistic trend of the local market compared to the rest of the world. I have put together few of my thoughts why it is a idea to buy a home both of primary and investment purpose
1. Northern Virginia has a low unemployment rate of 2.0 compared to 5.0 national.
2. Interest rate is at the lowest
3. Housing inventory is highest in the year which means lot to choose from.
4. Rental market has become hot which means if you are renting your monthly rental payment versus an average priced home mortgage will be about the same.
5. With the financing guidelines getting tighter it may be better to jump now then wait on the side till you cannot find any lender to finance your loan.
6. FHA loans are back. With incredible loan programs offered by local (County), State (VHDA) and Federal (FHA) are big. They want to boost local economy so the funding are still available to getting into their programs.
7. Seller pays closing cost. In most of the instances you can get upto 6% as closing cost fees from the sellers.
8. A home purchased in Northern Virginia in 2002 at the median price of $265,300 could sell for $425000 today, a 60% increase.
9. Builders are willing to work with a qualified purchaser more than ever before.
10. " There is no such thing as a perfect market."
So why wait call me today and get started...I am just a phone call away at 703-625-4949 or email me today at Info@eNOVAHomes.com