Reply to SPRING MARKET!! What's the vibe?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We’ve been actively looking in Falls Church / N Arlington area and houses are being bid $100-200k over asking with a few places that have been bought sight unseen.

We’re wondering if we should renew our lease so that we can resume our search in a few months / next year.[/quote]

What’s your price range[/quote]

$1.3-1.5M. It's so bad in VA that we're actually looking at buying in D.C.[/quote]

Watch the 1.1 to 1.3 listings like a hawk (or have your agent doing this), see it immediately the day it goes live and your agent can take you, and bid way up with an escalation clause. [/quote]

Better yet: drive your desired neighborhood a couple of times per week and watch for houses with lots of work trucks but that seem to be otherwise quiet. If you have a dog you can do this less conspicuously. On our dog’s billion walks per day we started to notice a hour with handyman trucks, then painting company trucks, then the garage would be open and we realized it looked really cleaned out. The lights were never on at night and I told DH we had to move money around and call our mortgage broker.

When the house was listed, we had already been pre-approved for the mortgage and our real estate agent had already contacted their real estate agent. We got the house.[/quote]

I had done similar things scouting the area I would be interested in and specifically any houses that looked worked on and empty.  Sometimes they have a sign out saying "coming soon" to motivate potential buyers to do what you did.

The only problem is the price..  You wont know until it's posted and it may not be in your ballpark.  I was excited about one of the houses opening up for sale, but then they posted the price, yikes.   :shock:  They had open houses, so I went to one out of curiosity.  I was disappointed with it overall, I couldn't afford it anyway, so sour grapes, obviously, but even if I had the money, I'd want to change so many things about it I didn't even expect looking at it from the street. [/quote]

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