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Old 04-24-2008, 11:41 AM
 
57 posts, read 99,262 times
Reputation: 16
Thumbs up Buying a Home Wait or Buy NOW!!!!

Hi guys,

I am hoping to get some information on the market in Northorn Virginia Area. I am now located out of the country but I am looking forward to coming back to the Northern Va area soon 2-3 yrs. I am very surprise that the market is going down in the northern virgina area because the last time I lived there the prices was horrific I could not even think about buying a house in my price range for what I was looking for. My question is do you guys think the market is going to go down even more or should I get in on the good deals now and buy or wait until it hits rock buttom or will it go down further and what are the best areas to live where there's good deal on a single family colonial brick front or full brick 4-5 bedrooms between 380,000-425,000 not to far from D.C. furthers I will go in bristow, or gainsville.


thnx guys,

Last edited by VirginiaGirl1; 04-24-2008 at 11:43 AM.. Reason: misspelled word
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Old 04-24-2008, 11:56 AM
 
Location: -
488 posts, read 1,176,190 times
Reputation: 86
they build full brick houses in this area that cheap?
didnt know that....hmmm

Noone knows anything for sure. We can only guess.

I am guessing that the prices are going to go down even more.

But if you have money burning your pocket - invest it.
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Old 04-24-2008, 12:06 PM
 
57 posts, read 99,262 times
Reputation: 16
I didn't think you can get a full brick for that price but so much for dreaming but I am sure you can get a deal with a brick front. Investing more is a good option.

thnx,
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Old 04-24-2008, 12:14 PM
 
Location: Home is where the heart is
15,400 posts, read 17,622,422 times
Reputation: 18798
Quote:
Originally Posted by VEIK View Post
they build full brick houses in this area that cheap?
didnt know that....hmmm

Noone knows anything for sure. We can only guess.

I am guessing that the prices are going to go down even more.

But if you have money burning your pocket - invest it.
LOL, great answer!

You can find plenty on this topic in the archives. Use the search function in the upper right hand corner. Plenty of people have recently posted about when they think the market will turn around, and when the best time to buy is.

Last edited by normie; 04-24-2008 at 01:15 PM.. Reason: Sarcasm removed, I decided I shouldn't be so snarky!
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Old 04-24-2008, 12:15 PM
 
Location: -
488 posts, read 1,176,190 times
Reputation: 86
brick front has good curb appeal.

IMHO, Bristow is very far from DC.

If you work in DC, commute is nuts.

Unless you take VRE from that area.
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Old 04-24-2008, 12:17 PM
 
Location: Gainesville, VA
1,168 posts, read 3,621,459 times
Reputation: 571
I wouldn't bother buying a house that you wouldn't live in for another 2 to 3 years. What would you do with it in the mean time? Let it set empty and become an eyesore? Or hope that you get a renter?

On the issue of brick.. I don't see too many new homes built with all brick and if they are.. they are very expensive houses to begin with. There's nothing here that won't be here in a couple of years.
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Old 04-24-2008, 12:26 PM
 
5,206 posts, read 4,937,357 times
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I think now is the time to buy in the under 500k range. Especially if you would like a close in sfh in a decent school district. They may not be around if you wait much longer.
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Old 04-24-2008, 12:27 PM
 
Location: Home is where the heart is
15,400 posts, read 17,622,422 times
Reputation: 18798
Quote:
Originally Posted by HEATHER72 View Post
I wouldn't bother buying a house that you wouldn't live in for another 2 to 3 years. What would you do with it in the mean time? Let it set empty and become an eyesore? Or hope that you get a renter?

On the issue of brick.. I don't see too many new homes built with all brick and if they are.. they are very expensive houses to begin with. There's nothing here that won't be here in a couple of years.
Another good answer!

Re: brick. All-brick houses can become ovens in the summer. That's why I like the houses with brick fronts and vinyl sides. And, as you pointed out, those all-brick houses are pricey, too. You can find brick-front for more or less the same price of other homes if you want to live in the outer 'burbs. And you are absolutely right that there will still be plenty available in a couple of years.

Last edited by normie; 04-24-2008 at 12:36 PM.. Reason: Removed sarcastic joke. Allergies have me feeling snarky today!
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Old 04-24-2008, 01:39 PM
 
5,206 posts, read 4,937,357 times
Reputation: 5758
As the cost of gas/commuting goes up, so does the value of being close in (ie land). As the value of land goes up, so will the size/cost of the homes - close in anyway. Something to keep in mind if you want a *moderate* sized, close in sfh.
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Old 04-24-2008, 04:14 PM
 
57 posts, read 99,262 times
Reputation: 16
Thanks guys for your information but when we buy in the area we are staying so it won't be a eyesore. And like I said before I know brick style homes are very expensive regardless of the area but it's still a sweet dream. I also know the commute will be silly crazy but for what I want we have no choice but to stay further out because the closer you get to D.C the higher the prices are and we are not in the market for a 400,000 townhomes that's crazy I don't care if it does have wood floors, graded tile, whirlpool tubs, etc,etc but guess what no back yard!!!!!! it doesn't matter. I am hoping that the market goes down even more and if not we still can negotiate a pretty good deal with the price now since so many homes are on the market.
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