I had a prospective buyer out yesterday and the topic came up about how much more house they could buy today than they could last year in either Prince William or Fairfax County. Now I am a visual person by nature so I decided to go back and create a couple of combinations of homes in the same neighborhoods that had sold in 2006 & 2007 and one that is currently listed to show just a sampling of the great deals that are available for buyers in the Northern Virginia area today.
I hope that more buyers will see the value that this market has to offer and hop off the fence and enjoy the benefits of homeownership.
Search for homes in Northern Virginia.
I respectfully disagree. A "deal" is only a good deal after you sell it and have made a profit.
By buying these houses at these lower prices, the neighborhood gets reset lower and the house next door will probably sell for $5k-$10k UNDER the price you paid. Suddenly it is not such a "good deal."
I don't believe in market timing but instead I believe in market holding. Hold for 7 years and hopefully you will be better off in the end, but I do know people that held for 10 years just to break even.
Frank