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Why on earth would you want to accrue holding costs for the NVA house for an additional 6 months? No matter what the shutdown situation is, there will always be people moving into the NVA area; it's a booming real estate market. I'd put that house onto the MLS as soon as possible if it were me.
Amazon announced that they will make their final decision about a new HQ later this year. If you think your area has a good chance of being the chosen one, and you can afford to wait, I'd wait because I expect housing prices will escalate as a result. If not, sell it now.
The shutdown has ended for now and for the next 3 weeks and then it may happen again, but it's never going to be a permanent ong term thing, it's more a posturing for a politician to get his way.
I would suggest you take some time googling 2013 shutdown and then looking for DC articles about the affect on the real estate market.
Thanks! That was actually my first thought, too. But my realtor said it wouldn't help; apparently our pool of buyers has changed dramatically in the past fwe years, and we've had a lot of new construction and new businesses, which changes things too. But it's a good idea.
Why on earth would you want to accrue holding costs for the NVA house for an additional 6 months? No matter what the shutdown situation is, there will always be people moving into the NVA area; it's a booming real estate market. I'd put that house onto the MLS as soon as possible if it were me.
Good points, and we'll probably do exactly that. We figure might as well list in March and see what happens. We can always pull the house and try again in Sept. if it doesn't do well.
The reasoning many people have for hesitating in my neck of the woods is we're about an hour west of DC, not in the booming area. Our market is increasingly healthy, but still less booming than in places like McLean.
Yet.
It's that yet that has a lot of people here thinking that if you have an investment house and don't need to sell right away, it might be smart to wait. Amazon might move here, that would have a big impact. And the millennials are a fairly new buying group, many of whom (right now) think they would only buy in the closer in suburbs. But as time passes, more and more get interested in the outer burbs. As more millenials get interested, the outer burbs statr to become more hip.At least, this is the theory.
I think that's from their relocation to the Williamsburg VA area..
Exactly. Sorry I wasn't clear, we have two houses. One closed last summer, the other one is now about to be listed.
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Exactly. Sorry I wasn't clear, we have two houses. One closed last summer, the other one is now about to be listed.
