If you're thinking about buying your first home in the DMV, you have probably realized this is a fast-moving market. Yet, there are a few things that set the DMV apart, and they're exactly why your strategy needs to be different here than anywhere else.
Here's what you should know before diving into DMV.
Homes Move Quickly
In Northern Virginia and D.C., a well-priced home in a good location can be under contract within hours. In some pockets of neighborhoods, you'll see a line of buyers outside the door the minute it hits the market.
If you're still "thinking about it" or waiting to get pre-approved, there's a good chance you'll miss out before you're even in the game. It's crucial to act quickly with the right agent!
Multiple Offers Are Normal
Having a strong offer strategy is just as important as the amount you're offering. Especially in places like Arlington, Alexandria, and parts of D.C., most listings will have serious competition.
Working with a team that knows how to write winning offers can be the difference in getting your dream home.
There's a Huge Mix of Buyers In The DMV
Between military families, federal employees, tech professionals, and international relocations, in the DMV, the buyer pool is diverse and competitive. Understanding your competition with the right realtor can be all the difference in the world.
Transit, Parking, and Commutes All Affect Value
Don't underestimate how much proximity to the Metro or commuter routes can affect home prices. A townhouse within walking distance to the Silver Line or close to 395 can sell for significantly more than one just 10 minutes further out.
These small details can make a big difference in your day-to-day life — and your resale value down the line.
Bottom Line:
Buying your first home in the DMV comes with some challenges, but also endless opportunities. If you're ready to get serious, make sure you're working with a local expert who can guide you every step of the way.
Want help building your strategy? Let's talk. Contact the Keri Shull Team today!
