Del Ray Virginia Rental Property Management
Residential property management companies in Del Ray, VA
More and more homeowners are becoming landlords, a clear indication of a shifting real estate market in Northern Virginia
Despite a history of strong resales in 2012 and 2013 for single-family homes, townhouses and apartments in Northern Virginia, the current real estate market still favors sellers. This regional trend has affected Arlington County as well as the rest of Northern Virginia.
In a recent article published by NVAR, Century 21 Accent Homes Realtor Ann Yanagihara noted, “We are so fortunate to live in such a dynamic and healthy real estate market in the metro DC area! The August sales numbers are indicative of what we’re seeing in our competitive market: low inventory, lots of buyers, but with healthy escalation in value from last year. Typically, this time of year, we begin to see a seasonal slow-down of activity. However, this year with a backlog of buyers who were unable to purchase in the brisk spring market, the lack of inventory supports this August dip in sales numbers. However, the sales dollar volume only dipped by 0.55 percent. In other words, less sales for higher prices.”
What this means for sellers, is they need to remain patience to ride out the current market. However many feel frustrated as their homes sit on the market indefinitely. In fact, many have even let their listings expire due to the lowball offers they’ve received. With increasing concern, some have found a solution to their woes by turning to the experts in property management. These firms in Del Ray Virginia provide quality services to homeowners by renting and maintaining their homes, which gives their clients an opportunity to ride out the current market.
The Del Ray, VA Rental Market
Are you’re a homeowner in the Del Ray Virginia area and getting ready to put your home on the market? Before doing so, make sure to read up on the local rental market.
Since 2014, statistics have shown a trend shifting away from the strong seller’s market, towards a buyer’s market. In this climate, potential homeowners are seeing a rare opportunity to purchase properties in desirable locations for a great value. However, while this benefits buyers, it also puts an incredible amount of pressure on the shoulders, not to mention wallets of the seller’s.
There are many reasons why homeowners have become landlord in the past year. This list includes relocation for job opportunities outside of the region, Foreign Service, overseas military duties, upsizing as families grow, or downsizing when the kids leave the nest. These owners lose money with each month they’re unable to sell. So with the help of the best property management teams in NOVA, they go from homeowner to landlord.
When choosing an excellent rental management company, a landlord finds the services they provide a huge relief. They screen and select the perfect candidates to rent to, as well as stay on top of the home maintenance, so the property owner can focus on the important things in their lives.
WJD has their finger on the pulse of the Del Ray Virginia Rental Market
With over 30 years of experience and 20 years in business, WJD has a proven track record as one of the best property management firms in Great Falls as well as the D.C. and Northern Virginia market.
We pride ourselves on our reputation for the relationships we’ve built over the years with both private and professional clients alike. What makes us special is our ability to stay on top of current and ever changing trends in the real estate market in the region.
What makes this area so strong is the proximity to Washington D.C. with its plethora of jobs in the political, government, and military sectors. These temporary and long-term contracts provide a booming market for rentals.
Another reason potential homeowners prefer to rent, despite interest rates dropping, are memories of the economic recession not too long ago. While these investors rebuild the funds they lost during that time, they are watching and waiting to see which way the home market will go. They also know that mortgage loans are much stricter now than they were in the past.
While uncertainty lingers in the sellers’ market, the renters market gives sellers breathing room and the opportunity to profit from becoming a landlord.
The Northern Virginia Property Management Experts
For more than 20 years our clients throughout Northern Virginia have experience our top-notch commitment to their investments. WJD provides an impressive variety of services as a premier rental property management firm, fees that are competitively priced. Be sure to visit us at our office which is located close Fairfax, VA and discover what makes us leading management specialists in Del Ray and all of Northern Virginia. You can also request a free rental market analysis.