If you have been thinking about selling your home this year, you’re probably already aware that throughout our region, it’s a hot sellers’ market! Here at D.C. Region Real Estate News, we give you a monthly rundown of the numbers so you can keep track of the market from Prince William and Fairfax to Montgomery and Prince Georges counties, as well as D.C. But today we wanted to … [Read more...] about Local Spotlight: How Hot is Alexandria Real Estate? Sellers' market dominates as prices are up and inventory low.
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Blinding Fast Home Sales Dominate D.C. Region Buyers run to suburbs as prices are up across the board.
Our region's real estate market continues to roar as evidenced by how commonplace it is for homes to garner multiple bids—and some homes get far more than a few bids. In one case we recently experienced, a home received more than 30 bids, and nearly a dozen buyers conducted home inspections even before placing offers. The final price was more than 30 percent higher than the … [Read more...] about Blinding Fast Home Sales Dominate D.C. Region Buyers run to suburbs as prices are up across the board.
Red Hot D.C. Real Estate Market Explodes into Spring Make sure you have the right strategy to compete!
We’ve discussed the competitiveness of the local real estate market at length in recent months, and as we enter the typically busy days of spring and summer, there’s no sign of it letting up at all. Anecdotally, it’s a reality we’ve witnessed first-hand. A recent Old Town seller listed a home with us for $1,039,900. We received the first offer within about eight hours of … [Read more...] about Red Hot D.C. Real Estate Market Explodes into Spring Make sure you have the right strategy to compete!
How to Win in Today’s Competitive Home-Buying Market Take this critical step to prevail in a home bidding war.
Today’s amazingly low interest rates make it a great time to buy a home. Yet buyers are having a hard time getting a contract accepted on the home of their dreams because of ridiculously stiff competition and a short inventory of available homes. Can you still get a contract on a home in such a competitive market? Of course you can. But if you’re planning on buying a home in … [Read more...] about How to Win in Today’s Competitive Home-Buying Market Take this critical step to prevail in a home bidding war.
Your Home Buying Road Map Take this critical step to prevail in a home bidding war.
Whether you’re a first-time home buyer or seasoned investor, the process can sometimes seem daunting. But it’s easy when you have us in your corner. Let’s take a look at the primary steps that will put you in your new home. 1—LOAN PREAPPROVAL. The first step is to find a lender and get preapproved for a loan. This way you will know how much you can borrow and will be ready … [Read more...] about Your Home Buying Road Map Take this critical step to prevail in a home bidding war.
Reasons Your House Isn’t Selling: Part 3 of 3 Strategic upgrades may be key to getting it sold.
Reasons Your House Isn’t Selling: Part 3 of 3 In two prior posts, we informed sellers about key factors that prevent homes from selling quickly. Some items noted in the first post can’t be fixed, which means a price reduction is the only option. The second post highlights other issues sellers can and should address with repairs. Still, there are some issues for which the … [Read more...] about Reasons Your House Isn’t Selling: Part 3 of 3 Strategic upgrades may be key to getting it sold.
Will D.C. Real Estate Market See a Spring Surge? Searing demand favors suburbs, but entire region still hot.
Despite the groundhog seeing his shadow and the fact that I’m watching sleet and snow pile up outside my office window, we’re quickly heading toward March, the spring, and what’s typically a busy real estate season. If you’ve been thinking about jumping into the market as a buyer or seller, this is the place to be for the latest on the market. So buckle up for a trip through … [Read more...] about Will D.C. Real Estate Market See a Spring Surge? Searing demand favors suburbs, but entire region still hot.
Make the Best of Your Home’s Photo Op Check out these 10 things home sellers should do before their home's photo session.
It’s often true that “A picture tells a thousand words.” That’s why there’s one day in the sale of your home on which you particularly need to be on your game, because the results are perhaps the most crucial aspects of your home’s marketing. We’re talking about photo day. By the time you reach that day, you should have completed all the prep work, following advice we offer … [Read more...] about Make the Best of Your Home’s Photo Op Check out these 10 things home sellers should do before their home's photo session.
How Will 2020 Impact the Real Estate Market in 2021? The D.C. area market was strong in 2020, and looks pretty good so far in 2021.
After navigating the minefield that was 2020 in so many ways, we thought we’d do a minor post-mortem about the state of real estate as we move into 2021. We routinely take monthly snapshots of the market at DCRegionRealEstateNews.com, and putting them together over time provides a bit more definition than those trends month to month. A rather interesting tidbit about this … [Read more...] about How Will 2020 Impact the Real Estate Market in 2021? The D.C. area market was strong in 2020, and looks pretty good so far in 2021.
Home Buying Shift to Suburban D.C. Continues as We Enter 2021 Inventory tight in Fairfax, Prince William, Prince Georges, and Montgomery counties.
Well, 2020 definitely didn’t go out with a whimper, and the beginning of 2021 looks like the roaring will continue when it comes to real estate in the D.C. region. Demand is high all around, but there’s a continuing trend toward the suburbs as home buyers search for more space and some (slightly) lower prices in the region. While home prices remain robust pretty much … [Read more...] about Home Buying Shift to Suburban D.C. Continues as We Enter 2021 Inventory tight in Fairfax, Prince William, Prince Georges, and Montgomery counties.