How Has the Shut down impacted you or your business?

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Claudia S. Nelson Realtor with Keller Williams Realty, Woodbridge VA

How has the shut down impacted you or your business?

In the Northern Virginia area many of my friends and clients have been impacted by the shutdown and now have to adjust their plans. I heard from friends that are canceling vacations, others are not buying the new car they wanted and then other are not moving forward with buying or selling their home due to the uncertainty of what's going on with the shutdown. 

The shutdown has real impact on families in Northern Virginia and I am sure everywhere else in the country.

I will not get political here but I will say it is a shame that one of the most powerful country in the world can not get it together to keep the government open. 

The Shutdown impacts Real People

www.soldinnova.com 571-285-4319
Claudia S. Nelson Realtor with Keller Williams Realty, Woodbridge VA

The Government Shutdown impacts Real People, in the Real Estate Market it impacts buyers and sellers alike. Both yesterday and today I heard from clients that work for the federal government and are not receiving any paycheck, they don't know when their next paycheck will come. They might even have to report to work because they are considered essential personnel, but they don't know when or if they will receive a pay check. They are worried and are considering to put their real estate plans on hold because of this uncertainty. 

For my clients sake and everyone else I truly hope the government can get this issue resolved and figured. No one should be in the situation of not knowing if and when they get payed. Not knowing how you pay your next mortgage payment, rent or car payment. Having to put all your plans on hold because some people in congress have to throw a tantrum. It's not fair to anyone.

I am pretty sure this will get resolved but it will have a real impact on people, our economy and the local Real Estate Market. The sooner congress agrees to a solution the lesser the impact will be. 

How the Government Shut down impacts your home purchase

www.soldinnova.com 571-285-4319
Claudia S. Nelson Realtor with Keller Williams Realty, Woodbridge VA

This is what I just received from Jennifer North with George Mason Mortgage LLC

Apply Online @ www.gmmllc.com/jnorth

The government shutdown will impact loans in process in the following ways:

-          FHA case #s cannot be ordered/assigned.  We cannot order appraisals without the case #s.

-          IRS Tax Transcripts – cannot be processed at this time

-          USDA Rural Housing and VHDA commitments

-          Re-verification of employment for Government Employees

-          Social Security verifications

-          Flood Insurance certifications

-          FHA/VA loans that have closed and are waiting to be insured

-          Any other Federal Government related facets of our loans

Government Shut Down will impact the local Real Estate Market

www.soldinnova.com 571-285-4319
Claudia S. Nelson Realtor with Keller Williams Realty, Woodbridge VA

Our local Woodbridge VA Real Estate market is heavily dependent on the Federal Government. Think about it how many of your neighbors work for the Federal Government? I can think about several of my clients that are working for the Federal Government and that have put their Real Estate plans on hold until this shut down is resolved. Some even think further and will be waiting until the debt ceiling debate has been resolved.

Overall the Woodbridge VA Real Estate Market is still strong but this shut down has and will have an impact. Let's hope this will be resolved shortly.