Fair Warning, this post is an Op Ed based on observations of the real estate market in Central Virginia. The agents I supervise and work with every day share stories of their current buyers. The story is changing.
Last year agents had more buyers than the year before but those buyers were tentative. The buyers of 2012 were easing into the home buying process; “We just want to look….”. Many of those buyers did look and were successful in finding property. The 2012 buyers were rewarded with good prices and even better interest rates.
What does it look like for 2013? The Buyers are back and making a statement. Many first time buyers are prepared to jump in the market this year and buy a home. They are looking at properties on line and making appointments with our agents to go see some houses. Potential buyers are out looking at Open Houses and they are talking with lenders to see what they need in order to qualify for a loan.