Millennials are increasingly looking to purchase larger homes in Arlington, Virginia, due to the area's excellent schools, new job opportunities in federal agencies and local businesses, and the lack of land to build new single-family dwellings. The pandemic has only exacerbated the shortage of available homes, as older homeowners are not downsizing and others are hesitant to exchange their low mortgage rates for new, higher ones. Homebuyers are on the lookout for signs of sale, ready to pounce when opportunities arise. Young buyers are also searching for cash to pay for the higher down payments that come with rising home prices.
One such couple, newlyweds eager to exchange their apartment in D. C. for a single-family home with space for future children, found a white clapboard house with a wrap-around porch near Key Bridge in D. Despite having to make an offer before they left for a wedding in Florida, they were able to secure the house.
In order to address the cost and lack of family housing in Arlington County, an initiative called the “Missing Middle Housing Study” is studying whether the zoning code should be changed to allow townhouses, duplexes, triplexes and buildings with up to eight units in neighborhoods that currently only allow single-family homes. The County Board plans to make a decision before December. Realtors in Arlington, Virginia are utilizing a variety of technologies to market properties and reach potential buyers. David Howell, executive vice president and chief information officer at McEnearney Associates in Washington, said that realtors use digital marketing tools such as websites and social media platforms to reach potential buyers.
Ryan McLaughlin, executive director of the Northern Virginia Association of Realtors, said that realtors also use virtual tours and 3D imaging technology to give potential buyers an immersive experience of the property without having to physically visit it. Betsy Twigg, an agent at McEearney Associates in Arlington, said that realtors also use data analytics tools to track market trends and identify potential buyers. Ryan Mills, a Redfin agent in Falls Church, Virginia, said that realtors use software tools such as customer relationship management (CRM) systems to manage customer data and automate marketing tasks. Reggie Copeland, an agent at C, R.
Copeland Real Estate in Fairfax, Virginia said that realtors also use automated marketing tools such as email campaigns and automated text messages. Real estate agents in Arlington are taking advantage of cutting-edge technologies to maximize their reach and ensure their clients get the best deals possible. From digital marketing tools like websites and social media platforms to virtual tours and 3D imaging technology; data analytics tools; software tools such as customer relationship management (CRM) systems; and automated marketing tools such as email campaigns and automated text messages - realtors have access to a wide range of resources that can help them market properties effectively.