Buy Alexandria Real Estate: Buying or Selling in Virginia? Get Educated about the Market

Alexandria Virginia Real Estate Blog

Buying or Selling in Virginia? Get Educated about the Market

Shopping for Suits at SymsHave you ever shopped for clothing at Syms?

Besides brand names at great prices, Syms advertises that

An Educated Consumer is Our Best Customer ®

The same thing holds true for my business -- professional real estate sales.  My goal is to ensure that my current and future clients have the most detailed and comprehensive information available to help them make the important decisions necessary in buying or selling a home in Northern Virginia. 

As a professional REALTOR®, I spend a good deal of time keeping up to date on the latest news, statistics, market reports, and events that effect the local real estate market.  I read it so you don't have to spend the time.  After all, you've got better things to do, like concentrate on earning your living so you can afford to live in the increasingly pricey metro-D.C. area.

Keeping up on the news is part of my job

 

Besides reading the major newspapers, The Washington Post and Washington Times, I scour through real estate and mortgage industry publications, subscribe to Google alerts about relevant real estate topics, read hundreds of blog posts weekly related to both local and national real estate trends, review market statistics for local neighborhoods, and preview local homes both on my own and with clients.  Additionally, I regularly attend real estate industry conferences on the local, regional and national levels to keep current on all of the latest news that directly affects my clients and business.

 

 

One of my most crucial roles as a professional REALTOR® is to distill this knowledge and provide it to my clients so that they can make educated and informed decisions when it comes to buying or selling a home.  By writing my own Northern Virginia real estate blog, I'm able to communicate valuable information to current and future clients. 

MRISEvery once in a while, I come across a report or an article that deserves to be read in full by anyone thinking about participating in the real estate market.  Recently, Metropolitan Regional Information Systems (MRIS) which runs the Washington D.C. area Multiple Listing Service, issued a report in conjunction with Delta Associates, that warrants such a look.  The report is entitled Trends in Housing at Year End 2007.  

Click here to download the complete year-end report

Or call me or send me an e-mail requesting it and I'll be happy to e-mail you the full report. 

The report covers the following topics:

  • an overview of the Washington D.C. metropolitan economy with an outlook towards the future
  • report on home sales for 2007
  • report on condo sales for 2007
  • impact of foreclosures in the D.C. metro area
  • potential impact of the Pentagon's Base Realignment and Closure plan (BRAC)
  • an overview of the commercial real estate market

Some of the interesting key points made in the report:

  • Washington D.C. metro area is the 4th largest job base in the country
  • Northern Virginia accounts for 54% of payroll jobs in the area, followed by D.C. with 25% and suburban Maryland with 21%
  • 95% of jobs in the D.C. area are in the services sector
  • D.C. region has only 3.0% unemployment
  • The Northern Virginia and D.C. real estate markets are largely insulated from the national housing slowdown
  • Foreclosure rates vary widely by jurisdiction -- quite low in D.C., Arlington, Alexandria; much higher in Loudoun and Prince William Counties
  • Affordable housing is still a big issue
  • BRAC will have a significant impact on the region, especially in southern Fairfax County because of approximately 19,000 jobs moving to Fort Belvoir in the next 3 years

Read my blog, read the report and get educated

 

If you have any interest in real estate in Northern Virginia or D.C., and/or you plan on purchasing a home or selling a home within the next few months or year, I highly suggest you read this report closely and educate yourself on the real estate market.

I want my clients to be educated. 

 

Just like Syms, An Educated Client is My Best Client.

 

Thank you for reading my blog post.  If you like what you’ve read, then please:

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If you plan to purchase or sell a home in the Northern Virginia or D.C. area,
you can visit my main Northern Virginia & D.C. real estate website at www.VirginiaRealEstateNews.net.

START YOUR NORTHERN VIRGINIA HOME SEARCH TODAY!

Comment balloon 24 commentsBrian Block • February 10 2008 06:46PM

Comments

Brian...you have great tips for your potential clients (because from a post like this the'll surely be ringing your phone off the hook)  and more often than not....they do like current information.

Posted by Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE (Century 21 Liberty Homes) over 10 years ago
Brian...some excellant advice...especially for Buyers! And sure to spell success!
Posted by Joan Mirantz, Realtor, GRI, CBR, SRES - Concord New Hampshire (Homequest Real Estate) over 10 years ago
I could not agree more, some of what you are paying for when you hire a professional is their knowledge and expertise. I would not ever wish to choose a Realtor, who did not know their market like the back of their hand. I see you know it like the back of both hands and tops of your feet too. Lance
Posted by Lance Winslow (The Car Wash Guy) over 10 years ago
Brian - I really like this post! Staying on top of the market in your area as well as national trends is very important. There is nothing like working with someone who knows their stuff.
Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) over 10 years ago
Great and comprehensive list.  I sometimes feel like a reporter myself as, like you, I read so much on a daily basis to make sure I am well educated about our market, community and the economy.  Your clients are lucky to have you!
Posted by Diane Aurit, Lake Norman Real Estate (LKN Realty, LLC) over 10 years ago
I agree Brian, The clients that have done their homework & are very educated about the market & conditions are wonderful clients.  I am always happy to educated them as well and they are so much more open to the possibilities/reality than those that are resistant.  
Posted by Steve Scheer, Highlands Ranch Real Estate - Denver Real Estate (Realty Oasis - Metro Brokers) over 10 years ago
Brian That is an extremely well done and informative post.  I agree that a true professional is always abreast of the market regardless of the type business, Karen
Posted by Karen Kruschka, - "My Experience Isn't Expensive - It's PRICELESS" (RE/MAX Executives) over 10 years ago
Brian - You certainly go that extra mile when it comes to educating your potential clients.
Posted by Kathy Clulow, Trusted For Experience - Respected For Results (RE/MAX All-Stars Realty Inc. Brokerage) over 10 years ago

Brian: A good Realtor is like a teacher....and a waiter, and a lawyer, and a psychologist, and a private investigator, and...

Way to keep Northern VA and D.C. educated.

Posted by Jolynne Photography, Creative Wedding Photography, Family Portraits, Bar Mitzvahs, Bat Mitzvahs, Senior Pictures, Event Photography (Jolynne Photography) over 10 years ago
Great information Brian.  There is a lot there that shows - our Real Estate market may be slow; but it is far from being as bad as other parts of the country.
Posted by James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move (Real Living | At Home) over 10 years ago
SALLY:  Thanks for your supportive comments.  The more educated we are, the more we can help our clients.
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
JOAN:  Thanks for reading and commenting.  Sometimes it's a struggle for people to keep up with our ever changing market.  It's our duty as agents to stay ahead of the game by constantly educating ourselves so that we can educate our clients.
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
LANCE:  I'd further add that most of what clients are paying for is our knowledge and expertise.  With the internet and all kinds of free information, clients can find homes practically on their own, learn about the area, etc.  It's our market knowledge, negotiating expertise, etc. that makes us valuable to our clients.
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
BILL:  Thanks for you remarks and I'm glad that you like the post.  
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
DIANE:  Thanks for your comment and compliments.  It does feel like we are reporters sometimes, doesn't it?
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
STEVE:  Another thing that I really enjoy doing is hosting homebuyer seminars to educated potential clients about the market and the real estate process.  I've just scheduled my first one for 2008 and have had good success with them in the past.
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
KAREN:  Thanks for your comment and compliment.
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
KATHY:  Thanks for your comment.  I like to think so too!
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
JOEY:  Thanks for your comment and compliment.  We do wear multiple hats quite often. 
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
JAMES:  Thanks for your comment.  I am quite glad to live and work in the area where we do.
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago

Brian...I feel like a well taken care of client.  You have been educating me.  Thanks for the post.

Kathleen

Posted by Kate Elim, Realtor 540-226-1964, Selling Homes & Land a (Dockside Realty) over 10 years ago
Thanks for posting.   I checked out the most recent MRIS stats they aren't too good across the board.  It may be a great time to think about buying!
Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) over 10 years ago
KATHLEEN:  Thanks for your sweet comment.  I appreciate it. 
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago
JIM:  Thanks for your comment.  I do think it is a good time to think about buying and call and e-mail volume from potential buyers has been picking up in the last few weeks.
Posted by Brian Block, Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 10 years ago

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