Currently, there are about 300 active real estate listings in Loudoun County. For a county with a population of over 400,000, that's not much inventory. In fact, the data shows we're near 10 year lows for homes available in Loudoun.
If you're a buyer in this market, it's harder and harder to find your dream home. And once you do, you may find there's fierce competition out there. Other buyers may be willing to bid up prices with escalation clauses, wave inspections or other contingencies to beat out your best offer.
The bottom line is that to compete in this market, you have to be on your toes and willing to act decisively. You need to prepared and have the best information available.
A great tool that I use with my clients is automated email searches. We define the parameters of your home search, (e.g. price range, # of bedrooms, lot size, etc. etc.) and you'll automatically be notified when a matching property is listed in the MLS. One of the best features of these alerts is that we can include in these alerts homes that are "Coming Soon". This listing status means the property is not yet available to show. You won't these listings on Realtor.com, Zillow, Trulia or any Realtor sites. These listings are coming to market, but many not be available for up to 14 days.
Here's a sample link to the 32 properties currently in the MLS with a status of "Coming Soon". Don't you want to be among the very first to see these listings?
If you identify a property with a Coming Soon status that may be of interest, I can usually reach the listing agent to learn more and ask any specific questions about the property you might have. Then, I can work with you to be first in line to see the property when it's available to show, and potentially prepare a competitive offer. Timing, planning and preparation are the only way to win in this market. Let me help you.
To set up your own personalized automated search, including Coming Soon listings, email me at firstname.lastname@example.org I'll be in touch. If you'd rather talk first, please call or text me at 703-966-7036.