If you’re looking to buy a Reston home right now, you know it’s an unusual and challenging time in the real estate market. Right now, the Reston real estate market is tilted heavily toward sellers. What does this mean for buyers? First of all, do some careful calculating to make sure this is really a good time for you to buy. You will most likely pay top dollar and may have to forgo certain contingencies. If now really is the time to buy a house, buckle up.
A sellers market tends to move quickly, so you’ll need to have your financial documentation in order. Start by researching mortgage brokers. Look at banks, credit unions, and see if there are deals offered online. Make a list of questions to ask each institution. Compare the possibilities to make sure you have the best deal.
You also want to put some serious thought into what would make an ideal Reston home for you. Most sellers are putting up detailed photography and video tours, since pandemic restrictions make it hard to have many in-person tours. What is available? What are your needs? Because houses can sell so fast, you might start to feel worried that you’ll never find one. But you don’t want to get stuck with a home that doesn’t meet your needs.
Work With an Experienced Reston Real Estate Agent to Navigate a Sellers Market
Finally, research and interview several local agents who have a lot of experience. You need someone with lots of knowledge to help you navigate not only quarantine restrictions but also the speed of a sellers market. An experienced agent will have a large network of contacts with fellow agents and other professionals involved in real estate, like mortgage brokers and home inspectors. Your agent can help you stay focused on your housing needs and narrow your search to only houses that meet your criteria.
Give our office a call, and let’s see if we can work together to find you the house of your dreams!