The Northern Virginia real estate market doesn’t get much better than exists right now. From a low of 3.41% last July, the 30-year fixed mortgage rate spiked up after the election and reached a high of 4.31% in December. However, rates have fallen back over the past few months, and they are still near historical lows. The last figure I saw for a 30-year fixed was 3.85%!
Jobs are up or looked at another way, unemployment is down. In fact, the unemployment rate fell to 4.5 percent in March, according to the Labor Department.
Finally, housing inventory is at a record low.
February saw a 17.9% year-over-year drop in the number of homes on the market. This is the 100th consecutive month of year-over-year declines, going back to October 2008.
It’s a great time to sell your house.
If you are selling your house in the Northern Virginia real estate market because of a pending divorce, you are downsizing to a smaller house, moving to Mexico for an expat lifestyle, or you inherited a house and want to sell in order to distribute the estate; you want to close fast in less than 30 days and move on to another chapter in your life.
We are real estate investors. We will do a walk-through of your house, analyze what needs to be done to bring it up to today’s buyers’ standards, note any maintenance problems and their cost to repair, and quote you a price. You are under no obligation. We buy properties as-is and for cash.
It couldn’t be easier.
Oh, one more thing. If you are in financial difficulty and fearful that you could lose your house through foreclosure, call us. There are a number of things we can do to help you in that situation and help you preserve your credit.
Since our inception, we have been helping homeowners along with improving communities in every city in which we work.
We have extensive knowledge of the business, a network of resources, and years of expertise. Obsidian Home Solutions can assist homeowners with a wide variety of real estate problems. We pride ourselves on our reputation for working one-on-one with each customer to handle their situations.