Happy New Year!
Like most of you, I recently sat down to review the last year and look ahead to 2010. And like any business person, I took a long hard look at my real estate business, the Northern Virginia real estate market as a whole, my relationships with clients, and where I saw the business in the new year. One of my primary thoughts was that I needed to re-connect with a lot of people who I haven’t spoken with in much too long a time.
Maybe you are one of them? We can meet at Starbucks, call me!
Here are a few of my thoughts on the subject of 2010…
Like 2009, we are going to face a challenging real estate market for Home Sellers and Home Buyers in Northern Virginia
- Buyers will see low interest rates
- Buyers will feel pressure from the home buyer tax-credit deadline of April 30th
- Buyers will see a small inventory of homes for sale
- Buyers will compete with other, very qualified home buyers when submitting real estate contracts
- Buyers will need an agent who prepares them to be a strong and competitive, will show them all homes for sale, and actively pursue a negotiation
- Sellers will see prices remain flat
- Sellers need to know only good properties priced well, and staged well will get an offer
- Sellers will see picky home buyers who may back out of contracts for no apparent reason
- Sellers, those who want to buy another home (move-up or down), will need to understand the April 30th tax deadline
- Sellers will need an agent who understands how today’s buyers look at homes and decide to buy
For more information about the April 30th home buyer tax credit deadline you should read my post on the subject. Timing and strategy in early 2010 are going to be the key to success.
I look forward to re-connecting with you… hey, the first cup is on me!
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