What Are Comps “Comps” is short for Comparable Sales and they are determined through completing a Comprehensive Market Analysis (CMA). Your agent is comparing the “subject property” – the house you want – with comparable homes in order to estimate the probable selling price of a property, typically as a price range. When looking for… Continue reading What are “Comps”? And what is your agent doing when they say they are “running comps”?
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Category: Market News
How’s is the market in Montgomery County?
How’s the market in DC?
What are Price Expectations?
In my last post, I started our discussion on Understanding Pricing a house. The initial starting point is understanding the cyclical and seasonal nature of the real estate market. In this blog post, we are going to start drilling down. What are the price expectations? Are prices going up or down? Let’s start with… Continue reading What are Price Expectations?
Understanding Pricing a House: Where to Start
Understanding Pricing a House Welcome to my new series, “Understanding Pricing.” How do sellers set the price for their house when they want to sell it? If you want to buy a house, how do you know if the price is a fair market price? In this blog, I will explain the way that the… Continue reading Understanding Pricing a House: Where to Start
It’s time to replace your battery-powered smoke alarms
MD law taking effect – In 2018, your old battery only smoke alarms are considered expired and need to be replaced. This is true for all MD home owners. I just recently hired an electrician to get my home up to code. I had smoke alarms installed in all of my bedrooms and added another… Continue reading It’s time to replace your battery-powered smoke alarms
NAR’s 2017 Remodeling Impact Report: What You Need to Know!
NAR’s 2017 Remodeling Impact Report | Thinking about renovating your house? This video highlights some projects that will give you a good return on your investment. The National Association of Realtor’s 2017 Remodeling Impact Report is out and I wanted to highlight some of the interesting statistics in it. 35% of US homeowners would rather… Continue reading NAR’s 2017 Remodeling Impact Report: What You Need to Know!
Your Home Needs Work: The Condition of Home to Renovate
Your Home Needs Work | Welcome back. Today I am continuing my series, “7 Reasons Why Homes Don’t Sell.” Today we are talking about the condition of your home. If you want to sell your house for the full asking price that your home can command, then you have to present it in the best… Continue reading Your Home Needs Work: The Condition of Home to Renovate
How to Read a Zestimate
What is the Zestimate? It is Zillow’s estimated home market value that is computed by a formula they created. It is estimated from public data and factors in the house’s location and market conditions as well as specific home features like the number of bedrooms and the square footage. It is not an appraisal. Zillow removes transfers… Continue reading How to Read a Zestimate
10 Neighborhoods Where Home Values are Climbing
Home Values are Climbing…