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Nate Johnson is a licensed Realtor serving VA, MD & DC

Wednesday, October 8, 2008

Fairfax Ridge Condo Future Homeowners

Ok if you are thinking about buying in the Fairfax Ridge Condo development this information will be helpful.

If you are looking for a 1 bedroom or 2 bedroom unit here you have a lot of options. A majority of the condos are overpriced for this current market. But there are some great deals on some current ones available also. You will want an experienced realtor who knows this market and this development to help you negotiate the best price possible.

We would like to push our real estate team here :) We can help you get the best possible price and most amount of seller concessions possible. This is your market ! We are getting our buyers some great deals right now.

If you would like to preview one of these condos or get exclusive video footage of one of the current condos for sale (only available on this blog !) Email us We would be happy to provide you with this information.

Rates are at all time lows right now! It is a great time to buy ! even more so if you are planning on stayin in the area for 3-6 years.

Take a look at a little bit of the email from my lender highlighting the rate drop today.

Global Banks Unite in Unprecedented Rate Cuts
Ben Bernanke and the Fed brought financial aid to the streets, lowering the Federal Funds Rate and Discount Rate by 0.50%. In an unprecedented emergency move, central banks across the globe joined in lowering interest rates. This move follows Washington's passing of the $700 billion Rescue Plan. From Wall Street to Main Street, a common concern has been heard by Washington. "We need money... no, let me rephrase that...we need cheap money."

Rates Could Rise From Here
Home loan rates have benefited from the weakness in the financial markets. Fixed rate mortgages remain very attractive. However, the Fed lowers short term interest rates to shore up financial markets. This could cause home loan rates to rise in the coming weeks and months if confidence returns to the stock markets.