Conforming Loan Limits The Federal Housing Finance Agency (FHFA) has announced it will be increasing maximum conforming loan limits in 2023.
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Category: Real Estate Tips
What happens next? How a house’s status affects your offer strategy
Welcome back to the next video in my series, Demystifying Real Estate Offers. We started by talking about what goes in to writing an offer. Then we talked about comps. Now we are talking about “What Happens Next?”. So you have reviewed the comps, and you have an estimate for the likely selling price of… Continue reading What happens next? How a house’s status affects your offer strategy
What are “Comps”? And what is your agent doing when they say they are “running comps”?
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”?
How’s is the market in Montgomery County?
Should We Get An Elevator?
Touring the Elevator Showroom I just toured Signature Elevators in Rockville and talked to Gary Case, the owner, about residential elevator options. We talked about various options available, such as the Stiltz Elevator, which uses an electric motor but does not need a separate machine room, or the more traditional Cambridge Elevating “full-size” elevator that… Continue reading Should We Get An Elevator?
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
You are not flexible
One of the top reasons that homes do not sell is that the seller is not flexible. What I mean is, they make it difficult to conduct showing appointments or inspections. The easiest set of showing instructions are “go and show.” No appointment needed. Lockbox is on the house. House is vacant. This is actually… Continue reading You are not flexible
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
Your House Smells
Here is the simple truth – Houses that smell good, sell faster than those that smell bad. Nothing shocking there! The best smell is one where you can’t really smell anything. Even strong “pleasing” odors can be bad. And there is nothing like cat urine and cigarette smoke smells in a home to turn off… Continue reading Your House Smells