Are We Facing a Real Estate Bubble?

Recollections of the 2008 economic recession and the mortgage crisis that followed are fresh in the minds of many of the older Millennial and Gen-X homeowners burned by the housing market in the past. As buyers compete in multiple offer situations and pay well-above asking price for that new home—whether as first-time homebuyers or as move-up buyers—many are wondering whether the housing market is due for a correction. Read the rest of the article below…..

Here are some examples of recent home sales in our area:

5553 Macduff Court, Fairfax VA 22032 – Listed for $399,900 – Sold for $435,000

12024 Sugarland Valley, Herndon, VA 20170 – Listed for $730,000 – Sold for $760,000

1304 Grant Street, Herndon, VA 20170 – Listed for $620,000 – Sold for $708,777.00

There are a ton more stories like this of buyers who are waiving all common sense in their home purchases. The buyers who chose not to waive the contingencies will unfortunately not get a property in this market.

Read the rest of the story here: https://tinyurl.com/3m7eckpz

And don’t forget to send us your friends and family that are considering buying or selling a home. Want to consider 2nd home options, give me a call! We are licensed in Outer Banks NC now!

#outerbanks #secondhome #herndonrealestate #herndonproperty #realestate #buyahome #sellahome

 

 

About the Author
Herndon's #1 Home-Selling Agent - Call the experts today!

There are many qualities and skills that go into being an excellent real estate professional – integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills, and a high-quality professional network, all of which are hallmarks of how I work.

That said, in my experience as a real estate professional, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.

This "client first" philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. They've also helped me to extend the range of services I provide to my clients.

I have been a resident of Fairfax County since 2001 and have been assisting buyers and sellers achieve their real estate goals in Northern Virginia since 2005. My background includes sales and administrative management as well as 11 years of real estate sales and operations management experience serving top producing teams in Northern Virginia and Montgomery County Maryland.

My military family and I have traveled with the US Navy to Greece, California, Hawaii, Florida, and Virginia. Of all the places we have lived, we love Virginia the best. Ask me why! My husband, of 31 years, serves as a Residence Manager in McLean. We have 3 grown children that all graduated from Herndon High School. In my spare time, I enjoy spending time with family and friends, movies, and a good glass of wine.

Ask about our renovation loan program, guaranteed sale program, and our Hero Rebate Program!

Melonie Tibbs and I look forward to serving you and your family!