Merrifield Virginia Rental Property Management
Residential property management companies in Merrifield, VA
August 2017 Market Stats Reflect Seasonal Slowdown of Total Sales, but Still Higher Prices and homeowners continue to opt to be landlords, a clear indication of a stable real estate market in Northern Virginia
In fact, according to Northern Virginia Association of Realtors Chairman Bob Adamson, “With inflation in a soft patch right now, many federal officials still project one more interest-rate increase this year but not right away,” explained. “The Federal Reserve is in no rush to raise rates, which keeps value pricing intact for those applying for mortgages.”
What this means for sellers, is they need to remain patience and continue to rent out their properties using a professional property management company. Many turn to the Northern Virginia experts in property management. These firms in Merrifield Virginia provide quality services to homeowners by professionally renting and maintaining their homes, which gives their clients an opportunity to ride out the current market.
The Merrifield, VA Rental Market
Are you’re a homeowner in the Merrifield 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 millennial buyer’s market.
There are many reasons why homeowners have become property owners 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 Merrifield Virginia Rental Market
With over 30 years of experience and 20 years in business, WJD has a proven record of accomplishment as one of the best property management firms in Merrifield 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.