Old Town Real Estate Specialist
Delaine Campbell
70329900307032990030

Low Inventory in Old Town. Back to bidding wars.

There continues to be a low inventory of townhouses in the lower price ranges of $500-$600s for 1st time buyers or move up buyers. One came on the market on Friday and by Sunday had 3 offers on it, all with escalation clauses. I’ve written one myself with the home inspection as and “as is” with right to void. I had to write such a competitive offer, yet while protecting the buyer, it took a lot of creative thinking and the use of forms that we don’t use that much – except for now. Luckily I’ve been doing this long enough to know how to structure it for a win/win we hope.

If you are thinking of buying in Old Town Alexandria Virginia give me a call. Happy to consult with you about the current market and help you understand the inventory and strategies.

All the best,
Delaine Campbell, REALTOR(R) Associate Broker
McEnearney Associates Inc.
109 S Pitt St
Old Town Alexandria VA 22314
(703) 549-9292
my cell: 703 932 6542