Spring is here, are so are farmer's markets!
At Urban Huts, I specialize in real estate in Herndon, VA & surrounding areas of Chantilly, South Riding, Ashburn, Sterling, Reston & Fairfax. www.urbanhuts.com I am a licensed Realtor with Samson properties, Chantilly VA
Spring is here, are so are farmer's markets!
Veer wants a video channel- Uncut Version
Need a reason to use a Realtor in 2019? Here are Five!
Snow is coming.. here come the snow angels!
Winters are peaceful time to be house hunting. Let us help you find a home for your Snow Angels.
Wishing everyone a Happy & Prosperous New Year.
Urban Huts wishes you all a Very Happy New Year- Rajeev Sharma (Samson Properties, Chantilly VA)
A video in Punjabi about the new Pulte Homes community, Metropark at Arrowbrook, Herndon VA 20171
Wishing everyone a Happy Holidays.
Trader Joe's is stocked well for all your Thanksgiving feast items, except Apple Pie. They are out of Apple Pie. So is the case for Centreville Trader Joe's! So get your apple pies tomorrow! Happy Thanksgiving everyone.
Urban Huts wishes everyone a Happy Thanksgiving. As we get ready for Thanksgiving (menu, center pieces, pies, travel plans, family time) be sure to spend some time outdoors and enjoy the colorful virginia autumn.
UrbanHuts wishes everyone a very Happy & Prosperous Diwali. Rajeev Sharma & Team.
If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and demand, so we understand that the best time to sell something is when the supply of that item is low and demand for that item is high. That defines today’s real estate market.
Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:
“Contract signings inched backward once again last month, as declines in the South and West weighed down on overall activity.”
Yun goes on to say:
“The reason sales are falling off last year’s pace is that multiple years of inadequate supply in markets with strong job growth have finally driven up home prices to a point where an increasing number of prospective buyers are unable to afford it.”
In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction, including the inspection, appraisal and financing contingencies.
As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.
Here are five reasons listing your home for sale this fall makes sense.
1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply that is needed for a normal housing market.
This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.
Historically, the average number of years a homeowner stayed in their home was six, but that number has jumped to an average of almost nine years since 2008. There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.
The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days, after seeing a 12-month high of 48 days in January.
4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury home, now is the time to move-up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly AND you’ll be able to find a premium home to call your own!
Prices are projected to appreciate by 5.0% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
5. It’s Time to Move on With Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
Are you looking for a home near McNair Elementary School, Herndon VA?
What a 2020 Recession Would Mean for Your Home Buying Dreams?
We're currently in the second-longest period of economic growth in American history, with low unemployment, rising home values, and a surge in home-ownership rates.
The good news? The housing market isn't likely to tank the economy like it did in 2007.
New Homes for sale by Pulte Homes, Herndon VA 20171- Metropark at Arrowbrook
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States.
In the six years that Trulia has conducted this study, this is the first time that it was cheaper to rent than buy in any of the metropolitan areas.
It’s no surprise, however, that those two metros are San Jose and San Francisco, CA, where median home prices have jumped to over $1 million dollars this year. Home values in San Jose have risen 29% in the last year, while rents have remained relatively unchanged.
Would you like just LIST your home or actually SELL your home? Urban Huts does so much more than just listing it on the MLS. Call us and find out how we can SELL your home!!
Urban Huts is driven by client needs. Once you decided to SELL your home, we don't stop until the Closing Day. Selling homes is more than just listing them a...
A lot of times I get questions about home values in general. Let's see if the Home Values Really Overinflated...
Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report:
“The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight month of year-over-year gains.”
Seventy-one consecutive months of price increases may have some concerned that current home values may be overinflated.
However, at the same time, Zillow issued a press release which revealed:
“If the housing bubble and bust had not happened, and home values had instead appreciated at a steady pace, the median home value would be higher than its current value.”
Based on historic appreciation levels, we should be very comfortable that current home values are not overinflated.
Guess where all the Rich People Invest? Best Long-Term Investment for Americans..
Real Estate Beats Out Gold and Stocks for Best Long-Term Investment. https://blog.walnutstreetfinance.com/real-estate-beats-out-gold-and-stocks-for-best-long-term-investment
Open House, Florida Ave, Herndon, VA
Open House, Bryson Condos, Herndon VA
Open House, Market St, Reston
It's easy to think that you can buy or sell a home yourself. And some even do it! But in the end, what makes more sense? Here are Five Reasons to Use a Real Estate Professional
According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding.
Many young couples are saving for a wedding and a home at the same time.
The average US wedding now costs 66% of a median home down payment, according to The Knot.
Who doesn't want a home of his own? Here are three tips to make your dreams a reality...
Are you looking to buy a home? Here are 3 things you need to keep in mind...
Thinking of Selling? Read this...
We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a great time to sell y
Here are Top Five Reasons Homeownership Makes Cents
Here are Three Invaluable Tips for Making Your Dream Home A Reality
Townhome for Sale Herndon VA 20171
13225 Copper Cove Way, Herndon VA
3218 KInross Cir, Herndon VA 20171
The postcards have arrived in the mail! Come check out this cozy home in an established neighborhood in Herndon, VA 20171
Open House at 3218 Kinross Cir, Herndon VA- September 8th from 11:00AM - 1:00 PM
Open House, Townhome for Sale in Chantilly VA
Warm cookies, water and a gorgeous day outside!! Come see us at our Chantilly Open House. As always I am at 703.929.2291
Come check out this beautiful townhome close to rt 50 and 606.
Coffee and learning newer technology, platform for understanding what our clients need, how to serve them better. Marketing better, smarter, and as a result brining smarter real estate to our clients!
Supply & Demand Will Determine Future Home Values
Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The amount of a commodity, produc...
Thinking of Selling Your Home In Herndon VA or neighboring areas? Get in touch for a No-Obligation Comprehensive Market Analysis.. and Your Home Value
2532 Terra Cotta Cir
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