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One Bad Apple Doesn’t Spoil the Whole Bunch…Or Does It?

Rotten Apple with a basket
On a regular basis the local press focuses on the negative aspects of the current market in Prince William County. Buyers call to ask about the area and say we have heard the Prince William County is a "bad place to live." It is an assumption that keeps many people from making an exploration through the great neighborhoods and communities that stretch across the entire county.

For those that aren't familiar with Prince William County, the first thing to realize is how big the county is. It stretches from the Potomac River at the eastern border and to the west the start of the Blue Ridge Mountains. That is a total of 348 square miles. To put this in perspective Prince William County is about ¼ the size of the entire state of Rhode Island. To try and say that the entire county is a bad place to live would be a stretch of grandiose proportions.

So how do you put a "bad market" in perspective in a county as large as Prince William
is? You break it down into small and manageable sections and then you start to decide if the market is really bad or is it a great opportunity for a smart buyer to find a nice home at a reasonable price? Every buyer has a choice to make. They can wait for the market to "hit bottom" not knowing where the bottom is, they can stay closer to town and pay more for smaller space or they can decide that a deal is a deal and look past the press.

In the past few weeks my buyers have found great deals in Prince William County, in neighborhoods that have been overlooked by other agents because of the "stigma" attached to the county. Buyers are not only buying foreclosures but they are also buying new construction and waterfront condos too. It isn't an all or nothing proposition when it comes to what you can find.

So in the case of Prince William County the bad press makes potential buyers relocating to the county think that the entire 348 square mile area should be avoided. This is as far from the truth as still believing that the world is flat. With its rich history, diverse neighborhoods and substantial commuting options buyers need to consider whether they may be shorting changing themselves by not taking a look around. Don't let the press scare you away. It might not be the place you decide you want to live but you might be surprised by what you find.

Posted Monday May 05
( 05/05/08 05:35PM ) — Kim Kelley, Realtor

So many consumers dont understand that real estate is localized and that the whole picture isn't the true picture.

Yes it IS a large county!  As for it being a "Bad" place to live in terms of Real Estate... I would think LOW home prices would make it a GREAT place to live?!

Great point.  Even when they get the picture right every once in awhile, they still paint it darker.  Its up to us to turn the lights on.

Cindy - thats a very upbeat take on the situation and certainly warrants taking a 'double-take' as to the 'perspective' we give our clients vs. how the media portrays it!

I agree Cindy, I've got first time home buyer clients that are looking in the Eastern part of the County. There are some good deals there.

Kim-in a county as big as Prince William is it is a amazing that the press hasn't picked up on how "hot" the sales have become in the last few months.

James-most of the buyers I am currently working with realize that Prince William County is where they can find a bigger home at a better value in today's market.  They are buyers who are here to create a home not flip a house.

Denise-thanks for the great analogy.  It is up to those of us out in the trenches with our clients to shake the press out of the doom and gloom.

Liz-for my buyers it might be a good thing if the press doesn't wake up yet.  We are seeing multiple offers on properties throughout the area.

Karen-blogging is one way we can all keep consumers focused on the positive aspects of Prince William County and the great opportunity to find a home at a good price.

Craig-my first time buyers are doing well in this market.  Settled one yesterday at 49K off of the "list"price. 

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