What type of financing are home buyers choosing in Loudoun County Real Estate Market?
Loudoun County , so called richest county does have a wide variance in the financing when it comes to our real estate market place. FHA & Convention type of financing are the top choices in our region but look at the cash offers!!!!! Out of total 406 transactions we had 46 units /homes sold in the price range from $100000 to $5M for CASH.
If you are looking of buying or selling your home in Loudoun County don't be surprised to loose your contract to a cash offer. You might have read my previous blog about the Loudoun County Real Estate Market Trend for March where we have seen a drastic incline in the pricing & a decline in number of days. With the first time home buyer credit deadline approaching soon this race is getting more and more aggressive for the buyers to find the home.
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