How Can Waiting to Buy in Northern Virginia Cost You?

Northern Virginia is an ideal location with an excellent variety of homes that are situated within a vibrant real estate market. If you to want to look over all the properties currently listed within the area, go here to perform a full home search, or if you're interested in seeing how much your property is worth, click here for a free home value report. For any other questions regarding your property's value or the market conditions of Northern Virginia, do not hesitate to call Chris at (703) 485-1435.

Hello, and welcome back to the blog! Today, we want to discuss the 3 reasons you should buy before the spring season hits! Let's get right to it:

1. Prices are on the rise: A survey of the top economists in the country found that they expect prices to increase by 15% to 30% over the next 5 years. It's always good to get into the market before the busy season starts and competition negatively impacts affordability.
2. Rates are at historic lows: Interest rates are expected to rise over the course of the year. While they're not expected to rise dramatically, even a normal jump in rates can have a big impact on your wallet. 
3. Renting is costing you: If you're renting, you're missing out on the potential to write-off your mortgage interest when filing your taxes. With conditions as good as they are, now is the time to start building equity!

Are you still on the fence about buying? If so, you can't wait much longer, as market conditions are currently about as good as they get. If you want to sit down and discuss your options, don't hesitate to reach out to us. We would love to help you take advantage of this wonderful market!