After nearly a month of buyer reservations during the Federal Government shut down period, the market is beginning to heat up. Federal employees are back to work and getting paid. There' still residual waits with mortgage institutions, though catching up quickly as each day passes. Home inventory is good and Fredericksburg real estate buyers are starting to get active. I predict a warm win...
Fredericksburg, VA. had a great real estate market which dictated a strong seller's market with low inventory over the summer and up to the Federal Government Shut Down. Home buyers were advised to go home and not return until notified. Their wages were frozen. Mortgage lenders could not get final underwriting approval based on the buyers not working. The real estate activ...
With the government shutdown looking eminent, I wanted to share with you some information regarding how this may impact the real estate market. Here is a quick rundown of possible implications:
For Loans Already in Process:
Conventional, VA, FHA, and VHDA will run as normal with little to no effect on mortgage underwriting or closings.
USDA RD - USDA has not issued...
The Fredericksburg housing market remains very active to begin the last quarter on this yea...
Are you a Fredericksburg home seller or buyer and want to get the best deal? If so, you'll want to read on further on my negotiation tactics that you may try for yourself. I am a negotiator. The art of negotiation should only be left to a professional. It is a very complicated process. No two real estate transactions are the same. In every transaction, all parties want to feel they've won....