Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by licensed broker Aaron Seekford of Arlington Realty, Inc. GET MORE out of your real estate investment with Aaron and his team by visiting www.arlingtonrealtyinc.com or calling 703-836-6116 today!
Please note: While Aaron Seekford provides this information for the community, he may not be the listing agent of these homes.
A $999 reduction on a million-dollar home. Why should you care?
It’s a question we get quite a bit here at the Just Reduced column.
Sure, some of the reductions we see equate to a one percent savings off the list price… or even much less. These types of reductions may not seem that impressive, especially when we see prices on some listings drop by hundreds of thousands of dollars or upwards of 10 or even 25 percent.
But it’s important to keep this in mind: These reductions are only just the beginning.
Some sellers reduce prices to appease to online searchers (e.g. a buyer with a budget of $1 million won’t find your $1,000,001 listed home in a search of properties under $1 million). Some have drastically overpriced their initial listings. And, in some instances, buyers have deadlines of their own to meet and just need to get moving.
The bottom line with reduced properties: Sellers are taking action. With a trusted team by your side, you can harness their activity/urgency and negotiate further.
When you’re ready to embark on your real estate journey, the team at Arlington Realty, Inc. is ready to roll on your behalf.
As of November 4, there are 151 detached homes, 18 townhouses and 104 condos for sale throughout Arlington County. In total, 27 homes experienced a price reduction in the past week:
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3616 N. Upland Street, 22207 — NOW: $2,549,000 (Reduced: $46,000 on 11/1)
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4110 40th Place N., 22207 — NOW: $1,895,000 (Reduced: $205,000 on 11/2)
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5728 25th Street N., 22207 — NOW: $1,599,000 (Reduced: $20,900 on 10/28)
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121 S. Irving Street, 22204 — NOW: $999,000 (Reduced: $999 on 11/1)
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3800 N. Fairfax Drive #302, 22203 — NOW: $799,900 (Reduced: $11,010 on 10/29)
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2033 N. Cleveland Street, 22201 — NOW: $650,000 (Reduced: $39,000 on 11/4)
Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Aaron Seekford.