We had a bright and sunny weekend here in Northern Virginia (2010), and a surge of home buyers were out looking at the homes for sale that had popped up late Thursday afternoon and Friday morning. A little marketing tip is to put a home into the MLS database Thursday to feed all the IDX sites out there that send e-mails to registered home buyers. Our MLS, actually the Metropolitan Regional Information System (MRIS), is the #1 source and they pump out the data you see on Trulia, Zillow, Frankly MLS, Roost, Redfin or Sawbuck. They have their own “ad-free” site for you called MRISHomes.com which is excellent.
So, I showed some townhomes in Fairfax around $350,000 and the newest listing was swamped with buyer agents and their eager clients. At one house there was a guy with an Alexander Ovechkin jersey who looked like he would fight us for it!
I tried to show a home in Vienna priced at $599,900 in my neighborhood but the agent, who I know well, told me she had two offers on Friday. One offer was so good that it was accepted by the home sellers… before the scheduled open house!
Vienna, VA Home Buyers can’t wait for the Sunday Open House
I also showed a home in Vienna around the corner priced at $699,900 and again I knew that agent well. She was holding an “open house” and there were three families there at the same instant, all looking quietly and wondering if they would be in a bidding war over this classic 1970’s colonial? It seemed like it was the house du jour…
Residential real estate is the ground floor barometer for the economy and, mark my words, the economists will be talking about this in five weeks. Again, I am seeing a frantic home buyer surge as they are trying to find a home, and get a contract accepted to get the $6,500 or $8,000 home buyer credit before the deadline… and lock in a low mortgage interest rate (currently below 5%).
Real estate in Vienna, VA is fueled by the location to employment centers like Tysons Corner or Reston (some people like the W&OD Bike Trail) and Fairfax is fueled by price where many homes have dipped significantly but have great locations or neighborhoods.
This is the time, home buyers of Northern Virginia, to have a buyer agent or ABR working for you!