Northern Neck Real Estate
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Memorial Day
is past, June is here and summer in the Northern Neck has
officially started. It's hard to believe but I think more
people were here this year then last year.
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| The
fishing and crabbing have been good so far and as usual life is
good here in the Northern Neck. |
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am always asked how's the real estate market. If it's someone
local that ask, I tell him or her that it's OK. If it is
someone away from here I tell them that if the property is
priced right it sells. |
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what's happening today. There are a lot of buyers and
prospective buyers looking at property. They are out here
kicking tires and the ones that are negotiating prices like they
would when buying a car are getting some great deals.
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| In
the past buyers have made an offer and the seller makes a
counteroffer. In most cases if the buyer wanted the property he
would accept the counteroffer. Today the buyer might counter
that offer and the seller accepts. |
On
May 24th, 2007 The Wall Street Journal Online had an article
that said new-home sales soared in April and that it was the
largest increase in 14 years (this is month to month not year to
year). They credited this to
lower prices.
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There's a mentality here in the Northern Neck that I can
price my home high and always come down. I think
that's a terrible mistake. Today's consumer is
smart and with tools like the Internet the consumer is
educated; they know when the property is too high.
As a result the seller gets no action on their property
and they have to dramatically reduce the price.
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The
point I'm trying to make is this. When you're searching
for property in the
Northern Neck MLS remember most things are
NEGOITABLE.
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Here
is a link to my
June Real
Estate Update |
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This
Newsletter is full of interesting and useful information
that I think you will enjoy whether you are a buyer,
seller, homeowner, or renter. |
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This
month's issue includes topics such as:
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Torn Between Two Houses
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Many Consumers Ignore Energy Tax Credits
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Secrets to a Successful Move
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Terminating Turf Troubles
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Shared Appreciation in a New Light
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