Selling in Alexandria, Virginia
Planning to Sell Your Home
Are you thinking about selling in Alexandria? You need a real estate agent in Alexandria Virginia who knows the local market, has the right connections to get qualified buyers to your door and make them interested in buying your home. When you choose to work with Michelle Williams of MMK Realty LLC, you will receive personalized home selling services tailored to your needs.
Factors to Consider When Selling Your Home in Alexandria
Are you thinking about selling in Alexandria? You need a real estate agent in Alexandria Virginia who knows the local market, has the right connections to get qualified buyers to your door and make them interested in buying your home. When you choose to work with Michelle Williams of MMK Realty LLC, you will receive personalized home selling services tailored to your needs.
Location
Location is the top factor that influences the value and how well your home will sell. What may be the ideal location for you, may not ultimately help your home sell. In general, home appraisers will take into consideration the following: local schools ratings, opportunities for employment and availability of entertainment, restaurant, shopping, highways and public transit.
Local Real Estate Market
The law of supply and demand applies when selling your home. Your home may be in the best location and in the best condition but would still not sell if the supply of homes for sale in Alexandria, Virginia is greater than the demand from potential buyers. Contrastingly, if there are more potential buyers than homes being offered for sale in your area, then you’re in a seller’s market and with a proper strategy, your home will tend to sell quicker. Having an expert realtor like Michelle Williams of MMK Realty LLC by your side will ensure that you’ll be well informed on how significant home price growth has been in your neighborhood as well as buyer activity in your area. She will help you determine if you’re in a buyer’s or seller’s market and create a customized selling strategy for your home.
Listing Price
An experienced realtor in Alexandria Virginia understands every single factor that drives home value and knows how to properly set an attractive selling price for your home. If your selling price is set too high, your home may end up being on the market for too long which can turn off qualified buyers because they may perceive that there is something wrong with your home. We will identify your home’s strengths and weaknesses and we’ll look at comparable properties that have recently sold in your area in order to come up with your best selling best price.
Home Size and Age/Condition
How big your home is also drives it’s value thus it’s sale-ability. Your home’s value is estimated in price per sq feet which is the sale price divided by the home’s square footage. So, if a home is 2,500 sq feet and sold for $250,000 then the price per sq foot is $250. In addition, livable space tends to increase your home’s value. So, the more bedrooms and bathrooms your home has, the more it will be worth as price per square foot.
In general, the newer your home, the higher its value. Critical components like plumbing, HVAC, roof and appliances that are new won’t break down for a longer time so buyers will be more attracted to buy. If your home is older, however, it is advisable that you get a pre-inspection done on your home so any major repairs that need attention can be dealt with accordingly. Showing that your home is in great condition will make your home more sale-able.
Economy and Interest Rates
During slow economic growth and conditions, the housing market can struggle significantly. During unprecedented times like the COVID-19 with many people losing their jobs, buying a house is the last thing on their minds but it should not discourage you from selling your home. Working with a professional real estate company in Alexandria Virginia like MMK Realty is beneficial because we will inform you of the current home sales market in your area and when will be the best time to put up your home for sale.
About Alexandria
Part of Northern Virginia proper, Alexandria is one of the most popular places to live in Northern Virginia and is consistently ranked one of the best places to live. Something of a sanctuary in the city, Alexandria is a charming place to live, especially for outdoor enthusiasts and dog lovers! Nestled along the Potomac River, Alexandria features an abundance of old world nostalgia, plenty of local shops, restaurants, and breweries, but also offers big-city amenities.
Beloved by locals, Old Alexandria features a number of historic buildings, tree-lined cobblestone street, boutiques, restaurants, antiques, art galleries, and the Torpedo Factory Art Center. There is a strong focus on historical preservation in Old Town and homebuyers can expect to find a number of elegant 18th and 19th century townhomes lining the beautiful cobblestone streets. Additionally, Alexandria features a number of housing options including single-family homes, townhomes, and condominiums, many of which have been remodeled.
Quick & Fun Facts (data from https://www.alexandriava.gov/)
- Mean household income for total households in Alexandria in U.S. dollars is $110,671.
- According to The American Community Survey, there are about 106,993 people above the age of 25 in the city. Of those people, some 31,232 have a Bachelor’s degree, and 30,915 have a graduate or professional degree.
- Almost 10,000 veterans live in Alexandria.
- The top two public employers in Alexandria are the United States Patent and Trademark Office, and the United States Department of Defense. They have 9,000 and 7,500 employees respectively.
- Alexandria’s Old Town district was established in 1946 as only the third historic district designated in the United States.
- Alexandria is known for being George Washington’s hometown.
Search Listings in Alexandria
- MMK Realty LLC
- 3815 Plaza Drive
- FAIRFAX, VA 22030
- 703-385-1236
- Call Me: 703-862-1118
- Email Me: michelle@mmkrealtyllc.com