Bathroom Remodel for Under $2,000? Yes You Can!
by Angela Logomasini on May 25, 2020 at 8:51 pm
Ugly bathrooms with old, outdated tile, dirty grout, and old fixtures can become a roadblock to selling a home quickly and for a great price. So many people “invest” in a bathroom upgrade with the hope of recouping the costs when they sell the home. Yet if you are not careful, that “investment” may cost more than it pays. But it’s possible to make money on a bathroom rehab if you do it on a tight budget—not much more than $2,000-$3000 for an average-sized bathroom. Continue reading Bathroom Remodel for Under $2,000? Yes You Can! at DC Region Real Estate News.
Who Represents You in a Real Estate Transaction?
by Angela Logomasini on May 20, 2020 at 2:03 pm
Earlier this year, the Consumer Federation of America published a report stating that home buyers rarely fully understand disclosures related to who Realtors® represent in real estate transactions. In all three area jurisdictions, agents must provide buyers and sellers with paperwork that includes agency disclosure, but sometimes people don’t read them. This report underscores the advice we always give to clients: Make sure you read and understand all disclosures and contract agreements, as they convey important information about real estate transactions as well as your rights and responsibilities in the real estate transaction. Continue reading Who Represents You in a Real Estate Transaction? at DC Region Real Estate News.
How Has COVID-19 Affected D.C. Region Real Estate?
by Christopher Prawdzik on May 15, 2020 at 4:03 pm
Home sales data from April across the D.C. region indicate a tightening of a market with low inventory, while home prices continue to rise over last year. Data from BrightMLS, the area’s local multiple listing service, shows a substantial drop in the number of units sold in April compared to April 2019 for most jurisdictions, possibly indicative of a wait-and-see attitude among home sellers due to COVID-19. Real estate indicators, of course, tend to lag behind real world events that continue to unfold in an atmosphere the likes of which the country has never seen. Continue reading How Has COVID-19 Affected D.C. Region Real Estate? at DC Region Real Estate News.
Hollin Hills Working to Enhance its Historic Pedigree
by Christopher Prawdzik on April 21, 2020 at 2:48 pm
If you’ve ever cruised neighborhoods a few miles south of Old Town Alexandria between Richmond Highway and the George Washington Parkway, odds are you’ve ventured into the area’s mid-century time warp. You can’t miss the distinctive shapes and feel of the neighborhood envisioned by architect Charles Goodman. With the first home built in 1949, the 326-acre Hollin Hills subdivision now includes 483 homes and was listed was listed on the National Register of Historic Places in 2013. Continue reading Hollin Hills Working to Enhance its Historic Pedigree at DC Region Real Estate News.
D.C Area Real Estate Market Remains Strong, Despite COVID-19
by Christopher Prawdzik on April 14, 2020 at 7:07 pm
If D.C. real estate watchers expected a dramatic dip in home sales and a slowing market in March, it didn’t materialize according local sales data from MarketStats by ShowingTime. Of course, market indicators likely will lag a bit, and dramatic changes could be on the horizon for April and May in particular, but March numbers revealed a continuing trend toward robust sales throughout the region. In the hotbed that has become Arlington County, the average sold price in March was $637,450, more than 12 percent higher than in March 2019. Continue reading D.C Area Real Estate Market Remains Strong, Despite COVID-19 at DC Region Real Estate News.
Top 5 Safe Home Showing Practices Amid COVID-19
by Christopher Prawdzik on March 27, 2020 at 6:55 pm
As with just about every other walk of life, the current COVID-19 situation is affecting real estate as well. As far as financial impacts, that remains to be seen—and it’s something we at DCRegionRealEstateNews.com are following diligently. We’re also watching other developments and are ready to serve any way we can. For home buyers, we are ready, willing and able to show homes. But like everyone, we do want to exercise caution and follow official guidelines regarding COVID-19, such as those provided by the Centers for Disease Control. Continue reading Top 5 Safe Home Showing Practices Amid COVID-19 at DC Region Real Estate News.
Momentum Strong for D.C. Spring Real Estate
by Christopher Prawdzik on March 17, 2020 at 3:51 pm
Don’t blink, because you just might miss that dream home. At least that’s the case for much of the D.C. region’s home selling market. For sellers, we’re seeing prices on the increase, and inventory still is low as we move toward spring. For buyers, you’re looking at historically low interest rates that can make it a bit more comfortable as you analyze the market’s prices. So, with that, let’s take a look at what happened around the region in February: Even without a $45 million home sale that rocked Arlington’s numbers in January, the Virginia side of the Potomac is sizzling with sellers in the proverbial driver’s seat. Continue reading Momentum Strong for D.C. Spring Real Estate at DC Region Real Estate News.