In the bleak mid-winter this is a great time to get a
head-start on the local real estate market.
Northern Virginia real estate market is leading the country out of the
recession. With the lowest unemployment
rate of major markets and leading job growth, the demand is strong. There are fewer homes on the market than
usual as the number of distressed properties is declining, and other sellers
wait for prices to rise. The aging
housing stock is also contributing to the number of rehab possibilities. Some home-owners have been very comfortable
in their older homes, and have not upgraded them to modern buyer’s standards. These homes are often in good locations. At the same time, today’s busy young
professionals often want to buy homes which are “ready-to-go” with modern
amenities, and will pay top dollar for a comfortable, modernized home.
At this time, I have a great rehab listing available in Old
Town Alexandria. This 1970's home is
currently occupied, but it could do with a new kitchen & replaced baths,
and fixtures etc. The nearby renovated
homes are selling for more than $150,000 more. It is in a great location on a quiet
street, walking distance to King St Metro, shops & the waterfront, with
off-street parking and 3BR 1.5BA. The
property is available for $425,000.
Call or email me today if you would like to see this
property. I expect it to sell quickly.
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