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Military Relocation-Northern Virginia Prices Known to Cause Sticker Shock

Military Relcation-Northern Virignia House PricesMost people hear the term "sticker shock" and they think of cars. For military families relocating to Northern Virginia from other bases around the country the term can also explain their first reaction to housing prices in our area. Today's market has helped lessen that shock but it is still something to consider as you decide whether you should buy a home in the area.

One of the many benefits that the military offers is the VA loan which has made a comeback for buyers in Northern Virginia over the last year. The first thing I recommend to anyone with PCS orders is to verify their BAH rate, this will help you with understanding how much of a payment you might be comfortable making. Then take a look at your VA loan eligibility status. If you are eligible most lenders will have the ability to request the certificate electronically or you at the time of your loan application.

Why have VA loans become popular again?  VA loans offers the advantage of a zero down payment, no pre-payment penalties, easier qualification and loans are assumable which could be an advantage when you go to sell your home in a few years.  In our current market the many sellers are offering closing cost assistance which truely can make a VA loan a no cost loan to you. 

Once you have looked at your BAH rates, spoken with a mortgage professional who understands the VA loan process (if you need a recommendation let me know), then you are ready to begin to explore many of the great neighborhoods within commuting range of Fort Belvoir, Quantico, Pentagon or any of the Military District of Washington installations. Whether you are looking for a condo, townhouse or detached home there are some terrific choices in Northern Virginia.

You can start your search for a new home near online to get a feel for some of the local communities. Once you narrow down your search you need an agent who is knows the area (I'm a native) and understands military moves then you may want to give me a call. I've walked in your shoes from the Far East to Europe and know what it is like to make a military move. I promise I'll help you through your "sticker shock" and find a place that you will be glad to call home during your assignment to Northern Virginia.

Fort Belvoir On-Line Relocation Guide
Pentagon-On-Line Relocation Guide

                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and Integrity Real Estate Group a call at 703-346-2213.

Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations. 

Military Relocation Professional


Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

Integrity Real Estate Group
 
Real People*Real Life*Real Estate

Licensed in the Commonwealth of Virginia



 

 

Comment balloon 9 commentsCindy Jones • May 23 2009 06:15AM

Comments

Cindy,

Great info....thanks!

Posted by Coleen DeGroff, Haile Plantation Real Estate - Gainesville FL (eXp Realty) about 9 years ago

It's the least we can do.

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) about 9 years ago

Agreed, it is the least we can do. I know that some get sticker shock here too, but I guess everything is relative...

your friend in Charlottesville Virginia!

Posted by Charles McDonald, REALTOR®, Blogger, Principal Broker®, Owner (Charlottesville Real Estate Solutions) about 9 years ago

'tis true.  Even with the recent price declines, home prices in the DC Metro area are still high relative to other parts of the country.  It's the same way on the MD side of the river.

Posted by Ken Montville, The MD Suburbs of DC (RE/MAX United Real Estate) about 9 years ago

HI Cindy, Good info. Thnaks for sharing.

Best - Sash

Posted by Sasha Miletic - Windsor Real Estate (RE/MAX Preferred Realty Ltd.) about 9 years ago

Great information.  As long as the rates stay low...housing in Northern Virginia will be attractive.

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) about 9 years ago

Collen-thanks for stopping by.

Lenn-sticker shock has subsided slightly this year but our area still is killer when you are coming from OK or TX!

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) about 9 years ago

Charles-I have three deals closing with VA in the next week!

Ken-I just had a family in town who had a custom 3000 SF home built in OK for less than a 1500 SF Woodbridge TH costs even today!

 

 

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) about 9 years ago

Sash-Thanks for stopping by and reading my post.

Jim-inventory is moving right now so something is working right.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) about 9 years ago

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