The trick is deciding your standards before the right home tests them
If you think moving quickly means giving up your standards, I would push back on that. In Henrico, VA, the better answer is to decide your standards early so speed does not force your hand later.
A typical sale took 23 days last month in Henrico, VA, and supply stood at 1.3 months. Offers were averaging 100.2% of asking. Those numbers tell me buyers still need to be ready to act when a well-priced home appears. Still, acting fast is not the same as acting blindly. The typical asking price for active homes was $403,990 last month, while the typical sold price was $383,000. That spread reminds me that value still has to be checked home by home. Some listings will justify the number. Some will not. Set your non-negotiables before you tour. Decide your top price before you see the kitchen you love. Review recent closed pricing with each serious option in Henrico, VA. When the right home appears, you will be able to move quickly because the hard decisions are already made.
About Scott Fogleman
Scott Fogleman is a licensed Real Estate Professional affiliated with New Home Team, specializing in the Henrico market. With a focus on strategic marketing and deep local knowledge, Scott Fogleman provides clients with expert guidance in navigating complex real estate transactions. View full profile →
