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The Fairfax County, VA Real Estate Market is a serious contender for title of the most valuable and sophisticated Real Property Market in the United States. This area is a definite magnet for Real Estate Purchases and Property Sellers. It is the first county to achieve an average six figure median income and is the most populated county in the Commonwealth of Virginia with over one million residents. Located to the south of Washington DC and one of the Capitol's suburban districts, it is home to many important companies and government agencies including the Central Intelligence Agency situated at Langley. The local economy has created one of the richest areas in the country, with growth initially fueled by the increased size of the Federal Government and many companies also using the area as a head or base of operations particularly technology enterprises. In addition, all of the leading and specialty retailers are represented in the county with Tyson's Corner Mall one of the first of the super malls that have spread to other parts of the nation. The growth of government and commercial enterprises with a diverse range of skill requirements has in turn led to a cosmopolitan and diverse population which is amongst the most highly educated and skilled in the country, if not the world. The Fairfax County, VA Real Estate Market is characterized by a high number of high value transactions supported by a large number of Real Estate Professionals and ancillary service providers. The housing stock comprises approximately 360,000 households of which approximately 60% are family households and 20% single with the balance made up of seniors and a significant population of "visiting" residents who work in or represent constituencies elsewhere in the United States i.e. Senators and Congressional Representatives. While the buyers and sellers in the Fairfax County, VA Real Estate Market are highly educated and sophisticated, they have a high demand for services from Real Estate Professionals due to the value of the transactions normally taking place as well as the busy lives which they lead. A significant percentage of failed transactions is accounted by buyers and sellers not using the services of a locally experienced Real Estate Professional which results in loss of time, money and effort. Potential buyers are strongly advised to seek out the services of a Realtor who understands the home buying process and the Fairfax County, VA Real Estate Market. A Real Estate Agent will be able to short list properties that most closely meet the requirements of a potential buyer and fit within their budget as well as guide the transaction from negotiation through closing. This significantly reduces the amount of time, effort and money that is likely to be expended and reduce the possibility of the transaction not completing. Homeowners who are contemplating Buying A Home or Selling Their Home are also strongly advised to seek out the services of a Realtor who has a finger on the pulse of the Fairfax County, VA Real Estate Market. Knowing what a property will realistically achieve is a key factor in ensuring that the seller extracts full value for the home and also that the property does not languish on the listings due to being overpriced. |
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