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Essex County is located in the northern peninsula of Virginia, approximately 40 miles north east of the state capitol, Richmond and 60 miles by road south of Washington DC. The county seat is Tappahannock and there are numerous other unincorporated communities in the county. The population is less than 10,000 with approximately 4,000 homes comprising the stock for the Essex County, VA Real Estate Market. Real Estate Buyers and Real Estate Sellers have great opportunity in this neck of the woods. The Essex County, VA Real Estate Market is characterized by a stable level of Real Estate Transactions which is proportionally higher than the small size the property stock would suggest. Location is a key factor in sustaining the housing market in the county due to close proximity to both Richmond and Washington DC which are within commuting distance. The county is served by excellent road links and the local economy is strong and growing with several major companies operating in the county. Agriculture and tourism also contribute significantly to the economy. In addition, there are excellent schools and medical facilities in the county as well as the convenience of major shopping outlets such as Lowe’s and Wal-Mart with numerous recreational opportunities. Property prices have been sustained in contrast to the national and state averages which have been affected by the recession in the Real Estate Sector. Location has contributed significantly to price sustainability and the area is deemed to be highly desirable by potential buyers. The Essex County, VA Real Estate Market also benefits from a very low crime rate and is family friendly offering security combined with a relaxed lifestyle for singles, families and seniors alike. Many who settle in the area do not leave, choosing instead to buy further homes in the area as they move up the property ladder or retire and downsize. This is a further testament to the desirability and attractiveness of the area and potential buyers are strongly advised to seek out the services of a Real Estate Agent with local experience of the market so their needs and requirements are best met. Using a Realtor will ensure that properties meeting budget constraints and satisfying their demands are short listed, as well as assisting in navigating the home buying process. Homeowners considering selling their property are also strongly advised to consult with a Professional Realtor who understands the Essex County, VA Real Estate Market. Many sellers fail to realistically price their home, both over valuing it and pitching an asking price too low. Failure to realistically price a home results in either a property languishing on the listings and not attracting buyers while pitching the asking price too low will result in a seller not extracting full value from their property. Using a Real Estate Agent will ensure that a reasonable price is asked for and achieved. In summary, the Essex County, VA Real Estate Market is healthy, offering excellent value for money and a sound property investment conducive to Home Buyers and Home Sellers. Most importantly, the county provides an excellent lifestyle and a place to establish a home with strong ties to the local communities as well as plenty to see and do. |
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