Buying a new home can be an exciting and stressful time. There are so many things to take into account, but at the end of all the stress you will have a new home for you and your family. But the first rule of real estate sales has always been location, location, location. So if you are looking at home listings, the first thing you will need to do is figure out where you want your new home to be. Here are several reasons why Virginia may be the best area for buying a new home.
The state of Virginia has a wide range of homes that can fit anyone’s budget. Real estate sales in Virginia generally range from $100,000 to $900,000 depending on where in the state you are looking for home sales. Currently, Fairfax is the most popular city for homes for sale in VA. Given the high demand for homes in Fairfax, you can probably expect to pay on the higher end of the spectrum.
Despite the popularity of real estate sales in Northern Virginia cities such as Fairfax, and the subsequent increase in pricing, it may very well be the case that you could find a well-paying job in the area to ensure that you are able to afford a new home. The area is currently experiencing a bit of an employment boom, with 9,000 new job at 159 different companies expected to open up over the next year. So it should be easy to find a new job in the area if need be.
If you decide that a home in Virginia is right for you, then it may be in your best interest to buy as soon as possible. Real estate sales in Virginia have been increasing, leading to homes being on the market for much less time. In fact, since August of 2012 there has been a 21.34 percent decrease in the number of days a home in Virginia is on the market. So if you’ve got your eye on a home in Virginia, it will be best to act as soon as possible.
And there are other reasons to buy your new home as quickly as possible. In addition to real estate sales increasing in Virginia, mortgage interest rates across the country are on the rise. There have been unprecedented increases in interest rates over the past year, and home buyers should make decisions now in order to lock in the lowest interest rate possible. For more about this, go here.