THE BILL THOMAS TEAM:
Bill believes that one of the keys to success, both for himself and his clients, is a continually updated education. He takes many classes and seminars to increase his effectiveness and has earned one of the real estate industry?s most prestigious professional designations: GRI (Graduate Realtor Institute). Nationall recognized, these designations are earned through a rigorous course of study as well as demonstrated professional experience. In addition, both Bill and Trudy attend the National Association of Realtors Convention annually in order to receive the most up-to-date information and services available to the real estate industry. They are both Relocation Specialist and have been E-Certified indicating that they are qualified in Internet Assisted Marketing. Consistently outstanding in his field, Bill has received numerous awards in recognition of his exemplary performance on behalf of clients. He ranks in the Top 2% nationally.They are prior members of the Circle of Excellence and the Million Dollar Club.
Bill and Trudy have closed Millions of Dollars in real estate transactions over the years.
Bill and Trudy have diverse backgrounds that are aimed at a single goal: your real estate success! Bill is a native of Loudoun County and has lived in the area all his life. He holds a BS degree in Business with a Real Estate Minor from Virginia Commonwealth University and made his first and only career choice. Trudy came to Loudoun County from Ohio in 1977. She holds a BS degree in Education from
Ohio State University and taught first grade for 18 years, part of that time in the local area.
My Views On The Current Real Estate Market Conditions:
The cause of the country's dilemma has been discussed and the finger pointing continues. But, what is the proposed bailout going to do for us.
Answer: it should begin to restore the buyer's confidence. Regardless our employment, or status in the food chain, we have become conscious of our decisions and purchases. Our economy is more fragile than we would want to believe. When is going to get better?
Answer: it will take time, maybe 18 months or longer, we will have to be patient. The Northern Virginia Real Estate market has been mostly insulated from the downturns over the past 4 decades. Starting in 2001 we had a very heated market!
During this period we saw house prices increase 96%! As a result, we are back to home sales with prices common to 2003. Most feel we are in the bottom of the correction cycle, and I agree. One indication is the available inventory of approximately 2000 homes. We sell approximately 500 homes per month. (This is a four month supply). Most experts say that's a healthy market. I have many buyers, who are waiting for "something to happen" that will cause them to get off the fence and purchase. Mortgage rates remain around 6%.There are many great bargains for first time buyers, or investors.
It's all about the buyer's confidence.
Answer: if you have a secured job it's a great time to buy your first home, or an investment. Call your trusted Realtor for advice and council today. Don't miss this great opportunity! Bill is a native of
Loudoun County. His real estate career started in 1973 in Leesburg. He became a broker in 1978, owned a real estate company, developed land, built homes, townhouses and apartments. Questions in this difficult market, call one who has survived the difficult times and still enjoys the business.
Bill knows the
Loudoun County Real Estate Market and his office is located in
Leesburg. Contact Bill Today for all of your Real Estate needs!
Loudoun County Real Estate Sales Trends November 2008
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