Discover the 2021 renter's market trends and our recommendations for Northern Virginia Renters.
Increasingly, we are seeing landlords list their investment properties for sale. This is “pushing” renters into the market.
Each month, we go over the days on market, closed sales, and months of supply for each of the following counties in the greater Fredericksburg VA area:
Increasingly, we are seeing landlords list their investment properties for sale. This is “pushing” renters into the market.
In case you haven't read the FAAR Economic and Housing Market Update, here are our five key takeaways from the real estate market report, as well as a link to the report itself below.
So what has changed in housing market trends in 2021? We are seeing landlords list their investment properties for sale. This is “pushing” renters into the market. This has significantly increased the home-shopping pool. Many of the shoppers are ready, willing, and able to buy a home. Others would like to rent.
The assistance of many real estate specialists along with your REALTOR is required to complete the sale or purchase of a home. Some of these include loan officers, appraisers, home inspectors, settlement agents, surveyors, and termite inspectors. 1st Choice Better Homes & Land, LC works closely with these specialists to coordinate a timely settlement. In Virginia, the purchaser has the option of selecting the loan officer, home inspector, settlement agent, and surveyor. The seller customarily selects the termite inspector, and the appraisal management company selects the appraiser.
The following are the primary utility providers in the city of Fredericksburg, Spotsylvania, Stafford, King George, Caroline and Orange counties in Virginia.