- Are We at the Top of the D.C. Real Estate Market? April numbers have sellers on top and buyers chomping at the bit.by Christopher Prawdzik on May 20, 2021 at 8:47 pm
No one can tell you with certainty when we’re at the top of the market. The best we can do is follow trends as closely as possible and then look at certain indicators on the horizon that might tip us off to where we’re going next. But if D.C. region home sellers ever wanted a period of time when prices were up, inventory low, and buyers stumbling over themselves to beat out the next bidder, this is it. Continue reading Are We at the Top of the D.C. Real Estate Market? <small class="subtitle">April numbers have sellers on top and buyers chomping at the bit.</small> at DC Region Real Estate News.
- Local Spotlight: How Hot is Alexandria Real Estate? Sellers' market dominates as prices are up and inventory low.by Christopher Prawdzik on May 4, 2021 at 6:22 pm
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 take an even closer look, so we decided drill down on the numbers in Alexandria City and add some historical context. Continue reading Local Spotlight: How Hot is Alexandria Real Estate? <small class="subtitle">Sellers' market dominates as prices are up and inventory low.</small> at DC Region Real Estate News.
- Blinding Fast Home Sales Dominate D.C. Region Buyers run to suburbs as prices are up across the board.by Christopher Prawdzik on April 20, 2021 at 4:45 pm
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 asking price! Not all bidding wars are that extreme, but we are seeing a similar pattern of multiple bids and quick sales among competitively priced homes in our region. Continue reading Blinding Fast Home Sales Dominate D.C. Region <small class="subtitle">Buyers run to suburbs as prices are up across the board.</small> at DC Region Real Estate News.
- Strategically Positioned Home Buyers Win Take this critical step to prevail in a home bidding war.by Angela Logomasini on April 16, 2021 at 8:16 pm
The old adage “cash is king” is truer than ever in today’s home sellers’ market. If you’re a buyer, competition is so fierce that the mere contingency of getting loan approval can wipe out an opportunity to secure your dream home. But rather than despair, you simply need to be prepared by taking one critical step: Complete your loan application and get it through underwriting before making offers. Basic preapproval letters have served buyers well for decades, but in this market where many have cash to buy even the most expensive homes, such letters place you at a substantial disadvantage. Continue reading Strategically Positioned Home Buyers Win <small class="subtitle">Take this critical step to prevail in a home bidding war.</small> at DC Region Real Estate News.
- Red Hot D.C. Real Estate Market Explodes into Spring Make sure you have the right strategy to compete!by Christopher Prawdzik on March 18, 2021 at 8:15 pm
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 listing but still marketed through the weekend, holding an extremely busy open house and setting a Tuesday offer deadline. Continue reading Red Hot D.C. Real Estate Market Explodes into Spring <small class="subtitle">Make sure you have the right strategy to compete!</small> at DC Region Real Estate News.
- How to Win in Today’s Competitive Home-Buying Market Gain upper hand with these tips on crafting an attractive offer.by Angela Logomasini on March 5, 2021 at 12:34 am
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 the D.C. region soon, make sure you pay attention to these crucial steps to give you the upper hand when making an offer: View early and be ready to act. Continue reading How to Win in Today’s Competitive Home-Buying Market <small class="subtitle">Gain upper hand with these tips on crafting an attractive offer.</small> at DC Region Real Estate News.
- Your Home Buying Road Map Find your dream home with this step-by-step guide.by Angela Logomasini on February 26, 2021 at 5:04 pm
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 to make an offer when you see the home you love. Continue reading Your Home Buying Road Map <small class="subtitle">Find your dream home with this step-by-step guide.</small> at DC Region Real Estate News.