Being ready is what keeps you from missing the right house
If you are buying, the decision is whether you are truly ready to write when the right home hits your screen. In Richmond, VA, readiness matters because recent deal speed shows you may not get a long runway.
If you only remember one closed data point right now, make it this a typical median home took 30 days last month to reach contract in Richmond, VA. That matters because the buyer who needs extra time to make basic decisions usually loses the home, or pays more to buy time. Some metrics were not reported for this period. Still, a typical thirty-day contract pace is your signal to tighten your personal decision process. Get crystal clear on your price ceiling and your non-negotiable features before you tour. When you tour, decide the same day whether the home is an offer candidate, because the market is not designed for slow deliberation. Build an offer template with terms you are comfortable repeating so you can submit quickly without writing a sloppy contract.
About Scott Fogleman
Scott Fogleman is a licensed Real Estate Professional affiliated with New Home Team, specializing in the Richmond 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 →
