Northern VA Arlington Market Time To Sell

Dated: 08/20/2019

Views: 164

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.


Factors - 

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

  • Job security 

  • 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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DJ Jenkins

If You're in the Market for buying or selling your home, You Need a Great Real Estate Agent. With the right agent by your side, you'll make smarter real estate decisions. Whether you are looking to bu....

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