When getting a home ready to sell, a homeowner’s biggest challenge is often a change in mindset. No longer should you think of your house as your cherished home; it's now a commodity that must compete with similarly situated homes in your neighborhood. That may be hard pill to swallow, but accepting this reality makes it much easier to do all the things necessary to get the highest possible price, facilitating the necessary changes to generate the broadest appeal to as many buyers as ... continue reading...
Challenging Conventional Wisdom on the Housing Bubble
Ever wonder what was the true cause of the housing bubble and financial crisis of the early 2000s? Conventional wisdom tends to follow a common theme of bad loans, greedy investors, and oversupply. But a recent book by Kevin Erdmann challenges some of these oft-held beliefs with a data-driven resource that could change minds on how to avoid a housing boom and bust in the future. “Like everyone else, I once believed that the period before the Great Recession should be characterized as a time ... continue reading...
Rapid Home Sale Trend Continues in D.C.
Though D.C. home sale prices so far this year have increased less than two percent over the same period last year, the Washington, D.C. market remains hot, with homes selling quickly once they hit the market, according to MarketStates by ShowingTime. From January through September of this year, the average days on market was just 37 for the District, down from an average of 54 days at the same point last year. Although a 37 days on the market might not appear terribly short for some, it’s ... continue reading...
Quick Sales, Higher Prices So Far This Year in Northern VA
Year-to-date home sales in Northern Virginia indicate sellers are enjoying quicker sales and prices up about 3 percent from last year at the same time. According to MarketStates by ShowingTime, 30,133 units have sold in Northern Virginia in 2019, up about 1 percent compared to sales through September 2018. One of the most notable changes from 2018 is days on market. Through September 2018, year-to-date average days on market for homes was 55 days. As of September 2019, average days on ... continue reading...
DC Metro Home Prices Hit all Time High
Inventory continues to be tight in the DC market, making it a challenging time for buyer, and prices are containing to rise. On a positive note, interest rates are likely to continue dropping and the labor market is very strong with both wages and job numbers increasing, which will go a long way to helping buyers. Sellers who price their homes based on market trends are selling quick sales! But pricing a home right remains key in addition to proper staging and full exposure on the MLS. For ... continue reading...
DC Home Prices Continue Their Ascent
The Real Estate Business Intelligence reports: Rockville, MD – (June 11, 2019) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on May 2019 Bright MLS housing data. OVERVIEW The May 2019 Washington D.C. Metro area median home price of $480,000 was up 3.2% or $15,000 compared to last year and was the highest overall median sales price of the decade, breaking the previous ... continue reading...
Get Maximum Exposure
Our aggressive marketing plan helps home sellers secure a successful transaction quickly and with less hassle. We direct our efforts to a winning strategy focused on getting the highest price for your home sale. Key to this is determining the right price for your home, providing a professional and multi-faceted marketing approach, and offering guidance and understanding on the strengths and weaknesses of different offers. That guidance begins with a comprehensive home market ... continue reading...
Optimism about the Local Real Estate Market: Focus on S. Alexandria
With the New Year in full swing, home owners and potential buyers may be wondering what’s going on in the real estate market. Our local Bright MLS does a regular analysis of market trends. Overall, it reveals that the D.C. metro market remains strong, but the number of homes and eventual sales remain low, particularly when compared to the very hot market of the early 2000s. We can speculate about what that means. Some people say it’s indicative of looming housing bubble or other major ... continue reading...
Should I ‘Stage’ My Home to Improve My Sale Chances?
If you want to sell your home sooner, stage it. At least that’s what the numbers say. According to data from The International Association of Home Staging Professionals, 95 percent of homes staged by an Accredited Staging Professional® (ASP) sell in 11 days or less and sell for 17 percent more than non-staged homes. The average non-staged home is on the market for 90 days! If you want some more data, check out www.stagedhomes.com. We at D.C. Region Real Estate thought we’d take a closer ... continue reading...
Home Remodeling to Sell: Dos and Don’ts
The Washington Post has a useful piece on easy upgrades that home sellers can do to make their homes more attractive to buyers. The best part about it: It does not recommend that people do too much. While some real estate agents might tell sellers to pursue expensive upgrades like new tiling and expensive appliances, that may not be good advice. In fact, sellers may not get their money back for those items when they sell. Extensive cleaning, repairing and paint are the best bets. Remodeling ... continue reading...
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