When you are selling your house, you are often preparing it for market, managing repairs, potentially doing a renovation, packing and organizing your belongs, and buying a house, and you are probably doing all of this because of lifestyle change – you have a new job, you are moving to a new city, you just… Continue reading People Selling Their Homes Don’t Want to Manage Renovations
Short answer – We don’t know yet, but right now it looks like summer slow down. Let’s start with the stats – how did July look? Average prices in Maryland for July are up 13.6% to $446,802. Since June 2021, the supply/months of inventory increased to 1.1 (in July 2020, it was 2) and median… Continue reading How’s the Market? Is it softening? Is this a shift?
I give you a market update that talks about both national real estate trends and what is happening in our local DC metro area market. How is the real estate market in this pandemic? Realtor (national) perspective on buyer attitude shifts: 43% buyers delaying process a couple of months 19% buyers stopped looking due to… Continue reading How has Covid-19 Affected the Real Estate Market?
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”?
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?
13430 Ansel Ter, Germantown MD 20874 3 Bedroom / 2.5 Bathroom / 4 Level Townhouse in Clopper’s Mill West You are invited to an Open House and Art Gallery Show! This Saturday 12-2 pm and Sunday 1-4 pm. * Tour this beautiful townhouse! 3 BR / 2.5 BA / $399,000 * See the latest art… Continue reading You are Invited to an Open House and Art Gallery Show
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 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