Beyond Frustrated in Vienna market
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Anonymous
Then you don't have a "very hight budget." Not in the context of what you are looking at. Sounds like you need to look at less expensive houses, and factor in the need to bid up. |
Anonymous
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OP have you asked your agent to help you understand why you’re losing out to competing offers?
You should be setting everything up so you can see a new listing on a Thursday (most come on the market Wed/Thu), then if you really want it do a pre-offer walk and talk inspection on Fri/Sat so you can submit a strong and early offer without an inspection contingency. Do this consistently and you’ll get the house you want. If you’re very picky on location (which is fine, I’m that way too), you may have to be patient and wait until the intensity of the spring market fades. I’ve bought two homes in my life in this area and both were bought in October/November. How do people have money? There are 6.47 million people in the DMV. The wealthiest county in the country is near where you’re looking. Only a fraction of this large population has the budget for a $2 million home, and even fewer desirable homes are on the market. If you can afford a $2 million home is it hard to imagine that someone out there in that sea of 6.47 million people can afford to pay $2.2? |
Anonymous
Not everyone can afford Vienna. |
Anonymous
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I work by Vienna. The town is cute, close in and has a metro.
The problem is several Main roads cut though middle of it, some older smaller housing stick a bit run down, major Highway runs through it, lots of land tied up in strip malls, condos and apartments. Which leaves not that many nice good sized single family homes in good condition on good streets considering size of town. Hence they sell quick. Try Oakton perhaps. But a 1.6 million one just hit market in Vienna, better run https://www.redfin.com/VA/Vienna/2898-Gretna-Pl-22181/home/9852643 |
Anonymous
FCPS has doubled down recently on making Madison HS the whitest and one of the wealthiest pyramids in NoVa. Not surprising people are focusing on that area. |
Anonymous
It is just a nice community-centered place to live. Feels cozy and as if everyone wants to live there if that makes sense. For example, tomorrow is the annual Taste of Vienna which is held outside at the Vienna Volunteer Firehouse parking lot. Tons of food vendors and bands playing where you see your neighbors and hang out. It is one of many similar events throughout the year. It is nice to have a community like this. |
Anonymous
| Can you not make a cash offer OP? DH and I always do cash offers, no inspections, no contingencies. |
Anonymous
it’s bc they keep buying and selling up. They bought a house for $750,000 and now it’s worth $1.2 million. So, they sell it and buy your $2 mil house with only an $800,000 mortgage. |
Anonymous
That's not really how that works unless you assume someone bought a house for 750 and paid it off well ahead of schedule? But the answer is family money. And stock market/crypto gains. It's not rocket science: the housing prices keep going up because there are more people with money than there are houses for them. |
Anonymous
Cute house, but ooof that kitchen for $1.6M! |
Anonymous
I’ll have to go check out the area around Maple. I kind of remember Maple being mostly strip malls? But this was a few years ago, and it’s possible I’m misremembering. With the demand, I’d expect it to be comparable to Lyon Park or FCC. |
Anonymous
And it’s nowhere near ToV. |
Anonymous
Yes because living off Washington Blvd is spectacular and not an eye sore at all |
Anonymous
Are these new homes or newish? Because in Mclean or N.Arlington you won't find new or recent construction big homes for 2 mil. That's a fixer upper price or an old 50s remodeled home. |
Anonymous
It's still strip malls, that's a PITA to drive through. There is a small area that has cutsey type of commercial, but very small. |