Move-Up Buyers - THE TIME IS NOW!
Now that the conforming loan limits are over $700k in Northern Virginia it is a great time to move-up. The $8k first time homebuyer credit stimulated the $200-400k price range in the close in suburbs of DC. The window for low pricing is definitely closing and multiple contract situations are common. I am hoping that the change in the conforming loan limit and reduction of interst rates for this segment will start to stimulate the $400k+ price range. If it does then you need to start looking now to be ahead of the curve. MSNBC has a great article on how move-up buyers can cash in on the lower prices. If you are planning on moving-up, the TIME IS NOW!!!
http://www.msnbc.msn.com/id/30351355//
For additional information on the Northern Virginia Real Estate market or to search the MLS for free please visit http://www.kimdarwaza.com.