Despite the effects of the pandemic, the housing market in Northern Virginia has been thriving and will continue to do so. As we begin to return to a new normal over the next few months, the housing market has continued to prosper, fueling a new wave of buyers and sellers. The current market is fostering an environment of high competition and many homes in the area have been selling quickly, with multiple offers. Are you missing out on the perfect opportunity to sell your home?

Why is now the perfect time to sell?

If you have been thinking about selling your house, now is the time to do so. Whether you plan on downsizing or upgrading your current home, now is the perfect time to make your move. Several factors make now the perfect time to sell and if you decide to take advantage of the current market, you are looking at a significant return on your sale. 

Low Mortgage Rates

Nationwide, buyers are seeing the best mortgage rates in decades. With lower rates, more families and individuals can afford homes in the area. This is opening up many opportunities for buyers and creating the need for more homes in Northern Virginia. Low mortgage rates will not only save you money on monthly mortgage payments but will reduce the amount of interest you will pay over time. 

High Demand for Housing

With rental rates in the area increasing, many residents are looking to buy. Many people are seeing the value in owning a home and are seeking out options in the area to replace rentals. Many homes are receiving multiple offers, above the asking price, within days of listing. Some buyers are putting offers on homes without even seeing the property in person (thanks to Zoom and FaceTime)! 

With remote work becoming widely popular, workers no longer need to live close to their office, allowing many to explore new areas. This has led to more buyers entering markets that would not have been feasible previously with their old commute. Now remote workers can work wherever homebuyers are looking for a home wherever they want to live. 

Low Supply 

Even with the market being highly competitive, families and individuals are not getting discouraged and continue to search for the perfect home. Due to the limited supply, home values are soaring and creating the perfect opportunity for sellers in Northern Virginia. 

Thinking About Selling Your Home? 

The best place to get started is by having a realtor that knows your area the best to come give you a free home evaluation. Working with an experienced real estate team like The Reynolds Team will help you consider all the factors to properly evaluate the value of your home in the current market. We believe as this article says, there is no better time than NOW to sell your home. Our guarantees and programs also will help make the decision to work with us even easier. We will guarantee we will sell your home or our team leaders will buy it! For a limited time, we also are offering our Zero Commission Program again, which will allow you as the seller to sell your home for top dollar and for absolutely free. We will negotiate to have the buyer pay the biggest cost you have as a seller allowing you to put even more money in your pocket. Call us to get more information and to set up your free home evaluation! Call us now at 304-316-6412.