Why Buyers in Hampton Roads Can’t Afford to Wait

Now is the time to buy a home in Hampton Roads to still get a deal in the housing market. Several factors are changing the conditions of the local marketplace, which greatly impacts real estate. Find out the local happenings, so you can stay on top of things and make the most informed decisions.

Here are the reasons why a buyer could lose money if he decides to wait to buy a home in Hampton Roads:

  • The buyers' market is changing to a sellers' market. Sellers in years past have offered nice concessions to sweeten the pot for prospective buyers. Closing costs, debt reduction fees, home warranties and more are not commonplace when sellers know their homes will sell quickly without them. Act now to find sellers who are still willing to deal.
  • There is a lack of standing inventory. As the supply of homes for sale in each of the cities of southeastern Virginia dwindles, buyers will need to be able to pull the trigger quickly to get the homes they want. Our agents can scope out the latest properties that come on the market, so their clients can see everything available.
  • Prices have bottomed out. Home prices have dropped as low as they can both nationally and regionally; this can only mean price tags will be going up in the future. Avoid higher prices by taking advantage of the current housing prices before they increase.

Contact our agents for help navigating through this changing marketplace, and don't wait if you're considering purchasing real estate. Buy a home in Hampton Roads before the good deals are gone.

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Categories: Home Buying Real Estate Market Regional

Cities: Virginia Beach Chesapeake Norfolk Williamsburg Newport News Hampton Suffolk Yorktown Richmond

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