04-03-2007, 07:05 AM
IMHO anyone who thinks the market is in a slump is right and wrong.
You are right if the house does not show well, and just looks like absolute poop. Now if it shows well, it will sell. Maybe not as much as last year, but still a decent amount.
I have been actively looking for the past 6 months. The area I have been looking at is Fairfax, and of the 6 houses I have liked. I have put offers on them, and have failed everytime. I am not asking but less than 5% off the asking price, or will do full price offer with 5k to closing costs, which is not a ridiculous thing to ask. Some of the houses I have seen and liked had been on the market for 200+ days. But lately it seems like things are selling like hotcakes.
Currently the market is pretty dry, there are not a lot of quality homes in the area I am looking. In fact the last decent house I looked at, had two contracts with escalation clauses. I am shocked anyone would do escalation clauses in this time.
At any rate, It is all relative to area. Lorton, Springfield, Alexandria is the new hot spot, closer to 95 and DC. Man are these houses over priced in the area.
You are right if the house does not show well, and just looks like absolute poop. Now if it shows well, it will sell. Maybe not as much as last year, but still a decent amount.
I have been actively looking for the past 6 months. The area I have been looking at is Fairfax, and of the 6 houses I have liked. I have put offers on them, and have failed everytime. I am not asking but less than 5% off the asking price, or will do full price offer with 5k to closing costs, which is not a ridiculous thing to ask. Some of the houses I have seen and liked had been on the market for 200+ days. But lately it seems like things are selling like hotcakes.
Currently the market is pretty dry, there are not a lot of quality homes in the area I am looking. In fact the last decent house I looked at, had two contracts with escalation clauses. I am shocked anyone would do escalation clauses in this time.
At any rate, It is all relative to area. Lorton, Springfield, Alexandria is the new hot spot, closer to 95 and DC. Man are these houses over priced in the area.
-Paul
"If you can't dazzle em with brilliance, baffle em with bullshit"
"If you can't dazzle em with brilliance, baffle em with bullshit"