What Influences Your Buying Power in Northern Virginia?

03/30/16 • -1 min

Northern Virginia Real Estate Podcast

Buying in Northern Virginia? Get a full home search here

Selling in Northern Virginia? Get a free home value report here

Today, I’ll focus on four specific things that help determine your buying power in Northern Virginia.

Your credit score: As one of the most important factors in the buying process, I recommend checking your credit score. Oftentimes, these services offer advice on how to improve your score.
Your down payment: You should know how much your initial down payment will be. A lender looks at this. Different types of loans don’t even require one, so it’s better to familiarize yourself with the requirements.

Buying in Northern Virginia? Get a full home search here

Selling in Northern Virginia? Get a free home value report here

Today, I’ll focus on four specific things that help determine your buying power in Northern Virginia.

Your credit score: As one of the most important factors in the buying process, I recommend checking your credit score. Oftentimes, these services offer advice on how to improve your score.
Your down payment: You should know how much your initial down payment will be. A lender looks at this. Different types of loans don’t even require one, so it’s better to familiarize yourself with the requirements.

Previous Episode

What Are the Latest Numbers in Northern Virginia?

Buying in Northern Virginia? Get a full home search here

Selling in Northern Virginia? Get a free home value report here

A lot of exciting things have been happening lately in Northern Virginia. Our team continues to grow; in fact, we just moved into a new office space. We also recently found out that we were ranked the #23 real estate team in Virginia by RE/MAX.

Today we want to give you a quick update on how the various markets around Northern Virginia are performing. We will be discussing the median sale price and the average days on market to give you an accurate portrayal of our market.

Fauquier County

The median sale price is up 4% from 2014, and now sits at $362,000. The average days on market here is 75 days.

Prince William County

The median sale price here is $344,000, only up 1% from last year. As for the average days on market, it is only 40 days.

Fairfax County

Next Episode

3 Tips for Springtime Sellers in Northern Virginia

Buying in Northern Virginia? Get a full home search here

Selling in Northern Virginia? Get a free home value report here

Today, I’ll cover three of the best tips to sell your Northern Virginia home this spring.

Amp up the curb appeal. Especially with mobile phones and buyers driving around neighborhoods, curb appeal has never been more crucial. Hire a professional landscaping company to freshen up your front lawn. That’s the first thing buyers see and determine whether or not they want to see the inside of your home.
Fix it and don’t forget it. Home inspectors go through your home for about four or five hours and address any repairs. Take a tour of your home, potentially with a local handyman, and inspect for r...