As speculation about a declining real estate market continues to fuel an endless number of magazine articles and television segments, one local real estate company has managed to focus on what really matters—Home Ownership in Prince William County. Assist-2-Sell Jacobs Team Buyers & Sellers Realty, a leading brokerage in Manassas, VA with over 20 years of experience, recognizes that current conditions may pose a challenge for sellers. But these same conditions represent a great opportunity for would-be homeowners.
Susan Jacobs, Owner/Broker of Assist-2-Sell Jacobs Team Buyers & Sellers Realty, is happy to see consumers getting a second chance at homeownership: “Four years ago, many of the people we talked to were kicking themselves for not buying a house sooner. Prices were rising so high so fast. Inventory was scarce. Homeowners saw the value of their homes skyrocket. They were in the driver’s seat when it came time to sell. And a lot of people were willing to pay the high prices because they thought home values would continue to skyrocket. But there were a lot of other people who simply couldn’t afford to buy a house in Prince William. It’s different now.”
Investors who were buying houses because they wanted to make a “quick buck” flipping have retreated. That leaves the people who want to buy a home to live in, not just as a good investment. Assist-2-Sell Jacobs Team Buyers & Sellers Realty works closely with buyers to help them find the perfect house—the house that makes them say “Ahh. This is home”, when they walk in the front door. In addition to Assist-2-Sell’s® numerous exclusive listings, buyers who work with Assist-2-Sell also have access to 14,000+ properties listed in the Northern Virginia multiple listing service (or MLS).
“By marketing directly to buyers we are often able to save our sellers thousands of dollars that may otherwise be paid in commission,” added Susan Jacobs. “And the significant savings that sellers enjoy by working with Assist-2-Sell allows them to pass commission savings onto buyers in the form of lower prices.”
Assist-2-Sell Jacobs Team Buyers & Sellers also spends time educating buyers on the best opportunities in today’s local real estate market and helping them understand financing option. They understand that many consumers are hesitant to buy a house in today’s market, but points out that this hesitancy makes today the best time to buy: “There aren’t as many people buying homes today so overall demand is down. That puts buyers in the driver’s seat. When demand returns—and it will—home prices will rise.”
Cautions Susan Jacobs, “Consumers who are waiting for home prices to fall further may be disappointed. Home prices in Prince William County may have fallen by 10-30 percent in 2007 but they are higher than they were before the real estate ‘boom.’ Last year’s home price declines can be attributed to the normalization of a ‘frenzied’ real estate market and to sellers pricing their homes based on actual value, not on what the market was willing to bear.”
There are some other factors that may make buying a home in 2008 a smart choice:
• Large housing inventory means more of a selection to choose from
• Mortgage interest rates remain low
• Home prices are lower
• Some sellers are offering buyer incentives, such as help with closing costs or down payments
• Tax benefits that are unique to homeowners continue to make real estate an excellent investment
People who want to learn more about homeownership should contact Assist-2-Sell Jacobs Team Buyers & Sellers Realty at 703-330-4418 or www.VirginiaBuyersAndSellers.com or Email: JacobsTeam@assist2sell.com. Assist-2-Sell Jacobs Team Buyers & Sellers Realty is located at 7515 Presidential Lane Manassas, VA 20109.
Time To Buy Article
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Buying a home that is farther away from work may have a lower mortgage
payment, but you'd be surprised at how much more you'll spend by driving to
work. Try comparing a house in-town to a less expensive house out-of-town & see
the actual cost of commuting for yourself.
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Commissions are not set by law. All commissions are negotiable Any comparisons to percentage commission such as 6% for illustration & comparison purposes only.*Savings based on statistics since Jan 1'00 for all Assist-2-Sell offices in North America compared to paying 6% commission Information herein is deemed to be accurate but not guaranteed.All information to be verified **Foreclosures, Bank Properties, Short Sales, Relo Properties listed/sold by various MLS Agents
