We’ve got a question recently: “Is it still a buyer’s market today in Chantilly?” As your local cash house buying experts in the Chantilly real estate market, we want to get this question answered. It’s not a simple yes or no either. Check out our latest blog post for more information!
The State of the Market for Buyers in Chantilly VA
First off, it really depends on the property type and location…
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are still in control of the market, even those that are motivated to sell quickly such as divorced couples, inherited properties, or foreclosures.
But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Chantilly, but seem to be rebounding as the rental market increases.
Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Washington market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.
Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago. If you’re facing any obstacles with selling your house in Virginia, feel free to contact us for help!
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? It is. But The House Guys can help.
There’s a lot of shakeup in the U.S. economy still taking place, and the markets are moving fast in lots of directions at once.
We’re investing in Chantilly because we believe in the community and the people here. If you need to sell a property near Chantilly, we can help you.
The House Guys Offer A Better Solution
If you think you need to sell your house in Virginia fast, then you may need an investor. The House Guys are local home buyers in Chantilly and we’re helping local homeowners solve their housing problems quick and hassle-free. We buy houses in Virginia and if your house in Chantilly qualifies, we can make you a quick and fair cash offer. (571) 207-5171