3 Things to Know About Henrico County Homes

Thinking about making a move to the Richmond area? Henrico County homes are getting more and more popular by the day!
Before you start house-hunting, here’s what you need to know:

1. There are a bunch of different styles to choose from
Do you dream of pulling up to a house that’s chock full of historic Southern charm? Do you want tons of room for your kids to be able to run around and play? Or, are you more of a city-dweller who loves being right in the middle of trendy restaurants and shops, with a modern condo or townhouse to call home?

No matter what you prefer, a good real estate agent in Virginia can help you find it!

In fact, when it comes to Richmond, Virginia homes, the name of the game is “variety”. In Henrico County, you’ll find houses that have been around for more than a century. Then, just a few miles away, you’ll find multi-family housing units that were just built within the past couple of years. So, no matter what your tastes are, you can indulge them here!

2. The competition can be fierce
Even though the décor of Henrico County homes have something for everyone, there aren’t enough homes to go around. In fact, the inventory of available homes is pretty low – lower than what you’ll find in other parts of the country.
What does that mean?
That means once you find something you like, you and your real estate agent in Virginia have got to act fast! The average house is on the market for less than two months here (that’s about twice as fast as other areas around the region), so you’ve got to be proactive. And, you’ve got to be prepared to outbid other buyers.

3. Prices are starting to go back up
In addition to all of the competition for Richmond, Virginia homes these days, there’s another reason why prices are climbing right now.

The value of Henrico County homes plummeted after the housing bubble burst in 2007 (like housing values all over the rest of the country!), because the area was hit especially-hard by the foreclosure bug. For years, sellers were stuck competing with bank-owned properties that were selling far below market value – which drove down the value of everything around them.

Luckily, though, the foreclosure problem seems to have passed. Sales prices are going up, and there’s no reason to believe they won’t keep going up – meaning that your investment will continue to gain value!

Want an up-to-the-minute assessment of the Henrico County housing market? Talk to the experts at www.relocatetorichmond.com!

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