Buying a home in Winchester, VA

When buying a home in Winchester, VA, there certain things you’ll want to consider.  Some things are obvious, and some are easy to overlook in the excitement of a new home purchase.  For instance, your considerations may be,

1. How much can I spend?  That’s something you will need to know before Buying a Home in Winchester, VAyou ever get in the car to look at a property.  There is no sense in looking at a $500,000 house on a $125,000 budget.  How much can you spend?  You will want to talk to a loan officer before you get to far into your search.  He/she can help you determine how much you can afford to spend on a new home.  Your Cornerstone agent will need to know that information when you meet.

2. What do I really need?  Want?  When buying a home in Winchester, VA, you need to know how many bedrooms, bathrooms, etc., will you need?  Then, if you had the option, what do you want that exceeds your needs?  Your Cornerstone Business Group agent can help you discover if the house you need or want is available in your price range.

3. If you have kids, you will want to ask, “What schools will my children attend?”  Go by and take a look.  Are they schools you want your kids to attend?  If they aren’t, that will likely mean more decisions.  If you found the perfect house with a poor school district, you may consider and search out private schools, or you may even consider homeschooling.

4. Do you want neighbors?  When buying a home in Winchester, VA you have a lot of options. Do you want neighbors? If you love the idea of neighborhood get-togethers – you will want to look in town or in the suburbs.  If you really don’t want to see a neighbor every time you walk outside, you will likely need to look at country living.  Both locations have their advantages.

5. Where is the closest shopping?  Do you want to drive 5,10, 20, 30 miles to buy groceries?  Location, location, location.  What’s the best location for you?

6. How close do you need to be to your work?  If your work demands immediate response to a distress call, that may affect your decision.  You can’t afford to be an hour away if that’s the case.

7. Do you have health issues that may be potentially dangerous if you’re not near a hospital?

8. Do you need to be near a major highway? 

9. Would bad weather make it difficult to get to local services, school or work?

Buying a home in Winchester, VA10. Will this be a long term purchase, or are you just looking for a starter home?  If you have a vision of a much bigger home with land or other amenities, but your budget isn’t there yet, you will want to look at homes that are easy to turn around and sell in any economy.  Buy what you can afford that will be easy to sell.

There are a lot more issues that you need to consider when buying a home other than price.  When the time comes to start that process, call the Cornerstone Business Group, Inc., and we will help you get started. We are your local real estate sales pros.

Buying a home in Winchester, VA.

This post was originally posted at www.cornerstonebusinessgroupinc.com: Buying a home in Winchester, VA. 

 

Sell your home with Cornerstone Business Group, Inc., and we’ll offer a home warranty to sweeten the deal.

Sell your home with Cornerstone Business Group, Inc., and we’ll offer a home warranty to sweeten the deal.

Sell your home with Cornerstone Business Group, Inc., and Sell your home with Cornerstone Business Group, Inc., and we'll provide a home warranty to sweeten the deal.we’ll offer a home warranty to sweeten the deal. A home warranty gives the buyer confidence that if anything happens in the first year of ownership, they’re covered. They can extend the warranty after the first year at their expense if they choose.

A home warranty will  provide peace of mind for the new home-owners. Depending on the warranty purchased, a home warranty can cover all major systems, including, plumbing, electrical, HVAC, roof and appliances. Most home-owners fear a big-ticket item breaking down and wiping out their savings or reserve cash. The home warranty can relieve those fears and assure a buyer that you have their back.

Sell your home with Cornerstone Business Group, Inc., and we'll provide a home warranty to sweeten the deal.When you sell your home with Cornerstone, we have you covered. Our goal is to make sure your home is listed and sold for the most money in the shortest amount of time. A home warranty will encourage buyers to know they can put away worries about major home repairs. That alone may be the issue that pushes a home-buyer over the decision hurdle.

List and sell your home with Cornerstone Business Group, Inc., and kiss your home goodbye!

Sell your home with Cornerstone Business Group, Inc., and we’ll offer a home warranty to sweeten the deal.

*Some restrictions apply.

Listing your Winchester – Frederick County, VA Home

Listing Your Winchester – Frederick County, VA Home

When listing your Winchester – Frederick County, VA home, be sure to follow these simple guidelines to get the highest return and the smoothest transaction.

When Listing Your Winchester – Frederick County, VA Home: Remove yourself emotionally.

I know, it’s your home. You put a lot of love and effort into it and you want others to feel the Listing your Winchester - Frederick County, VA Homesame way. I appreciate that, but the truth is, buyers don’t care. They really don’t. They’re not buying your experience, they’re buying their own experience.

Remember, your house is just a building. When you’re gone, it reverts back to a house. I urge my clients to never fall in love with anything that can’t love them back. Recently, I sold the house I grew up in. There were thousands of memories in that house, but once my parents were no longer there, it was just a box with bedrooms. The real treasure at that place was the people who resided there. Once they were gone, the lure of all of those memories was gone.

Divorce yourself from your memories. It will be tough, but you’ll be able to make more rational decisions on price, condition and timelines. It really will benefit you overall. And, when you’ve settled into your new home, you can start building those memories all over.

When Listing Your Winchester – Frederick County, VA Home: Make the most valuable preparations to sell, and avoid the most costly and unprofitable ones.

I once had a client who wanted to put a pool in before listing his home. Why? A pool creates a funnel effect on potential buyers. A high number of buyers don’t want a pool, and the small number who would, may not be in the market when you list. No, use your time and money on things that really do profit you in the sale.

  • Paint
  • Update the kitchen and bathrooms.
  • Make sure the flooring is in excellent shape.
  • Clean out the closets, basement, storage areas.
  • Make sure the house smells clean – no deodorizers, incense or perfumes.
  • Light it up – make sure the windows let in lots of light and have the lights on for would-be buyers.
  • Make it inviting.

When Listing Your Winchester – Frederick County, VA Home: Be ready to negotiate.

In today’s Winchester – Frederick County, VA real estate market, sellers are in charge. That’s a good sign, but buyers still remember the discounts of the recession. So, they are coming into your home expecting to get a better deal than list. That’s OK. That’s human nature.

Listing your Winchester - Frederick County, VA HomeDon’t be offended by a lower than list offer. Negotiate. I always ask sellers what their magic number is when I interview for a listing. If the number far exceeds the market, I turn down the listing and move on. There is no sense to plant signs like flowers all over town if there is no way to sell the home.

On the other hand, if the seller is open to reason, data and reality, I’ll gladly take the listing. I’m in the home selling business. My goal is to get my client the best deal possible. That isn’t possible if the client has unrealistic expectations. If a property is on the market for six months to a year, something is wrong. It’s going to fall into one or more categories, such as:

  • Poor condition – Remedy that before listing.
  • It is too cluttered to really see well.
  • It’s in a poor location. Or, the neighbors make it a poor location.
  • It is hard to show. Limited showing times limit the buyer pool.
  • It is on a rough and winding road. I’ve had this struggle multiple times this year alone.
  • It’s over-priced.

That last point is a high hurdle to overcome. A great house that is overpriced struggles to get attention. I’ve seen a few wonderful homes sit for years because a seller had an incredible number in mind that didn’t match local sales. One seller asked me to list her home, and when I asked what her magic number was, she said, “$675,000.” I laughed and then realized she was serious. Needless to say, I didn’t get the listing. She also didn’t get the price.

Sadly, I told her it would likely sell for $275,000, which mortified her. I had sold the house next door the prior year, and I had a good idea of where the market was. After three years of languishing on the market, it sold for, you guessed it, $275,000. The listing number has to be realistic to attract buyers.

There are many more things a seller can do to sell quickly and for top dollar, but this is a great jump off point. When you’re thinking about listing your Winchester – Frederick County, VA home, give Cornerstone Business Group, Inc., a call. We are your local real estate sales pros. We’ll do everything possible to get you the best deal.

Listing Your Winchester – Frederick County, VA Home

Winchester-Frederick County, VA Real Estate Market Update – May 2017

Winchester-Frederick County, VA Real Estate Market Update – May 2017

The Winchester-Frederick County, VA real estate market continued to strengthen in May 2017. Sales are up, prices are up, distressed properties and days on the market are down. Those are all great details for sellers in the Winchester-Frederick County, VA real estate market.

The current inventory of available homes in the Winchester-Frederick County, VA real estate market is steady at 531. The local market thrives in the 500-600 available homes range and this market is thriving. The number of pending sales is at 283.

Winchester-Frederick County, VA Real Estate Market by the Numbers

There were 182 home sales in May 2017. That compares to 178 in 2016, 153 in 2015, and Winchester-Frederick County, VA Real Estate Market Update - May 2017154 in 2014. The trend is up and so is the average sales price. The average sales price for May 2017 was $282,698, compared to $274,080 in 2016, but if you go back to 2015, the number increases. The May 2015 sales price average was $242,980. The nearly $40,000 improvement in the May 2017 sales price is good news for current sellers.

Days on the market has stayed steady for the past three years. Currently, the average days on the market is 62. Compared to 2014, that is a 38 day shorter time on the market. Another exciting piece of news for the current real estate Winchester-Frederick County, VA Real Estate Market Update - May 2017market is the number distressed sales in May 2017. There were only 6 distressed sales in May 2017. That is 3.3% of the total sales. That is extremely good news. The market has recovered from the worst days of the recession, and buyers are flooding back into the market. Sellers can list their homes in the current Winchester-Frederick County, VA real estate market knowing that the trend is on their side.

Winchester-Frederick County, VA Real Estate Market – Strongest Areas

Three areas in the Winchester-Frederick County, VA real estate market made up 73% of total sales for May 2017. Winchester City (22601), Frederick County (22602) and Stephens City (22655). The 22602 area code made up 54 of total May sales, followed by 22601 at 44 and 22655 at 39. Stephens City made up 22% overall sales for the month of May. Stephens City has become the fastest growing area of the Winchester-Frederick County, VA real estate market for the past year.

There is a great deal of new construction in the Stephens City market. Businesses are moving into that segment of the market, as well. Stephens City, as a part of the Frederick County real estate market, is giving home buyers and sellers a glimpse into the market. It continues to drive sales, building and remodeling for the community. It’s quick access to a variety of major highways make it a great place commuters, and yet it offers a small town feel with a growing access to the amenities of a larger city.

The Winchester-Frederick County, VA real estate market is healthy and prospering. When you’re ready to sell your home, be sure to call Cornerstone Business Group, Inc., for a free home value analysis. We would be happy to offer one to you, and when you’re ready to buy, we’ve got you covered there too. We are your local real estate sales pros.