We were driving to Sugar Hollow Reservoir (which if you have not been there make it a point to do so!) in White Hall Virginia yesterday and EVERY real estate sign we passed had a small rider hanging below the Virginia realtor's sign.It said: Price Reduced
This is the Virginia market today...
This is good news for buyers/investors and terrible news for the sellers.
One thing I see as a Virginia Buyers Broker (which means I work only with buyers) is the ridiculous prices other Virginia realtor's put on their listings.
7 out of 10 times the owners are telling the agent how to price their home.
Comps don't mean a thing to them...hence the house just sits there and the agent is foolishly spending marketing dollars.
Then, 3-6 months later the listing expires and a new agent is invited over.
Many agents nowadays are refusing listings from selfish sellers.
I like that....Just say NO!
So where is this conversation going?
Well, if you have money and a good realtor NOW is the time to invest in Virginia and Charlottesville real estate. But ONLY if you know what you are doing.
Write multiple low ball offers and see what happens with the stipulation that your wife or mother must like it too. This way you can escape from the contract if you get to many acceptances. See you...
