Are you a serious buyer in Northern Virginia?
If you want to buy a house, condo, or townhouse under 1 million in Northern Virginia, the following things need to happen first:
- Have an intrepid full-time Realtor ready to hit the ground running.
- Have your loan completely underwritten by a local, reputable lender.
- Be ready to look the moment a house is listed; don’t wait for the open house.
- Have 20% down PLUS extra cash reserves in the event of a low appraisal; be prepared to waive that contingency.
- Be prepared to waive inspections or get a quick pre-offer inspection.
- Know how much OVER list you’re willing to pay to beat out all the other buyers.
- Forget about comps; they’re being toppled.
- Forget about home sale contingencies.
- Be ready to close in two weeks or two months, whatever the seller needs.
- This is not just happening in Arlington; all suburbs are seeing these extreme conditions.
Sellers, if you’re thinking of selling, do it asap before these favorable conditions change, as markets can change fast!
And if you know a Realtor, give them a big hug; they’re tired. ❤️
