Successfully Sell Your Home During the Holiday Season

Successfully Sell Your Home During the Holiday Season

Some may say that the holidays are the worst time to try and sell your home. With so much going on during the holidays, especially in a year like this, this may ring true, but there are some advantages to selling during this time of year. There are typically less homes on the market, so you’ll have less competition. People looking to buy a home during this time, generally have a specific reason for doing so and are more serious about buying. Additionally, selling your home before the end of the year will enable you to claim deductions on your next tax return such as mortgage interest, private mortgage insurance and property taxes.

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Current Real Estate Conditions in Prince William County

Current Real Estate Conditions in Northern Virginia

Despite the pandemic, the real estate business is booming. The numbers are up from last year in almost every category. In general, more homes are being sold while the inventory remains low compared to years past. Below are statistics from the last two months to give you an idea of what the market is like in our area right now.

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NOVA Real Estate Market Update

NOVA Real Estate Market Update

Despite the current pandemic, people are still buying and selling homes, although, we have seen a drop in sales up to about 20%. The good news is that rates continue to be low and many people are refinancing their homes. The industry has adapted to dealing with the current environment and coming up with strategies to keep working.

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