Northern Virginia Real Estate: Vienna, Oakton, McLean, Great Falls, Reston, Fairfax, and surrounding areas.

I’m sure many of you read today’s Washington Post article titled “Market Welcomes Takeover”. (For those who didn’t - here’s the link: http://www.washingtonpost.com/wp-dyn/content/article/2008/09/08/AR2008090802425.html ).

One of the short-term results of the market’s positive reaction to the Fannie/Freddie takeover is that mortgage interest rates dropped a full half point in the past few days. This, combined with the buyers market that we are still in means GREAT OPPORTUNITIES exist. If you’ve never owned a home before - now is the time to buy. And if you’ve always wanted to buy an investment property, this is a great time as well. Many of our clients are buying a new home, moving into it as their new residence, and then are renting out their existing home - making it into an investment property. In this manner, they are able to take advantage of the fantastic owner-occupied mortgage interest rates & programs, while at the same time - are able to enter the investment market & start building equity in the future.

At this point, we don’t yet know what the long-term reaction & result of the Fannie/Freddie takeover will be. But for those who move quickly, it could be the right time to buy a home & invest in your future.

Lots of real estate opportunities exist in Vienna, Oakton and all of Northern Virginia. If you’d like to make the most of this opportunity - give The Belt Team a call: (703) 242-3975.