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First off the Zestimate takes into account all homes around your home for data. They are not what FAIR MARKET VALUE IS.Zestimate is a range, however depending on the condition of your home, where your home is, the lot it is on and the condition of your neighborhood all help us predict a Fair Market Value.I recently [content removed by moderator] sharing with folks Realtors need homes to sell. Inventory is low, demand is high, buyers are motivated to get a home Under Contract by April 30th, 2009 in order to secure the $8000 tax credit.Imagine being able to choose the offer that best fits your situation.Imagine being able to negotiate .Imagine being able to settle on your current home, and rent it back from the buyers for up to 60 days to give you time to find your new home.Imagine a door to door move.Imagine a stress free transactionAll of this is possible with a good Realtor. Yes, values have come down, if you don't have to sell right now and your loan is not resetting, love the home your in and let the dust settle. However if you are a homeowner who purchased before 2004 who did not use the house like an ATM will find that this spring is a very good time to sell and in your words "run for the hills."Let me know if you need help or have questions. I'm only a phone call away. [content removed by moderator]
No one can predict for certain what the future holds - being an incurable optimist, I like to think that everything will work out for the best in the long run, hopefully.However, do NOT expect the prices to go up too much any time soon - certainly not to the 2004-2006 price levels. If you plan to purchase your next home in Prince William County, the declining market should NOT matter so much - simply because you will sell your current home at a lower price, but you'll also purchase your next home at a lower price.Let me know if you'd like to know the current market value of your home.
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For Sale: $299,900
For Sale: $249,900
For Sale: $339,900