Washington, D.C. Metro and Baltimore Metro Areas – August 2019 Housing Market UpdateD.C. and Baltimore Metro areas continue seeing shrinking inventories as prices increase again in August. Sales
Northern VA Arlington Market Time To Sell
Inventory, Inventory, Inventory meets Location, Location, Location. The rubber meets the road here in the hot Arlington market and the big question is, Is it time to sell?
Short answer - it depends.
Seller's Goals - If the answer to all these questions are Yes - SELL, SELL, SELL
Retirement approaching and the need to take out as much equity reserved in the house as possible, capitalize on tax benefit of home being primary residence.
No risk - have an idea of relocation area and lifestyle after Arlington
Don't care about the Amazon promises re: bringing jobs to Arlington - realization that the 25,000 new hires, most of the people are already here and won't need to relocate and sometimes these people would rather live in Vienna, Oakton and/or Mclean (preference)
Want to take advantage of the supply and demand now and don't have a fear of missing out on a bigger demand. Take the money and run. A bird in the hand is better than two in the bush which means that having something, even if it is a lesser quantity, is better than taking the chance of losing it in order to attain something else that seems more desirable.
High mortgage and high interest rate, interest rates are low now and this can mean lower payments for your next purchase
IF the answer is no - HOLD, HOLD, HOLD
Life style in Arlington is a preference and you have a great work life balance
No fear of missing out if the market tanks
Low mortgage payments and great equity to rent and hold
Shrinking inventory means higher demand and you can benefit from demand now...
ARLINGTON VIRGINIA, WHERE OWNERS ARE HOLDING.
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