And just like that we are through the beginning of 2023 and the spring market begins. You heard that right – we are already seeing bidding wars start in many pockets of the tri-state area. To begin, I want to cover a little bit about the below graphic. The national media frenzy made it soundContinue reading “Spring Market Update 2023”
Category Archives: Uncategorized
Turkey Time Market Update
Wishing everyone a happy early Thanksgiving! I am so thankful for past clients, friends, and family that continue to support my real estate business, refer their loved-ones, and cheer me on along the way. Given all of the hype in the news surrounding the real estate market recently, I thought it would be a goodContinue reading “Turkey Time Market Update”
Fall Market Update 2022
I hope everyone has had a wonderful summer and is ready to dive into the many fun perks of fall – including positives for buyers and sellers both in this market! Spring 2022, though VERY competitive, was a sweet time for buyers with incredibly low rates. As rates have climbed up throughout the year, weContinue reading “Fall Market Update 2022”
Post-Spring Market Update
We are now past the mad spring rush that we see on a normal basis in real estate. Traditionally the market slows down some post Memorial Day Weekend, as buyers and sellers alike spend time on vacation and busy with summer activities. Generally speaking, around this time we still see a good amount of inventoryContinue reading “Post-Spring Market Update”
Coming Soon Status Explained
The optional Coming Soon status of a listing is somewhat a mystery and often misunderstood by both buyers and sellers alike. But this stage can make a big difference to all parties and is truly an important tool that is offered in our market. When a home is marked as Coming Soon, it usually meansContinue reading “Coming Soon Status Explained”
Seller 101: Prep Your Home to Sell!
Admittedly, most homes currently listed on the market are “flying off the shelf.” Limited inventory has created pent-up demand from buyers that has fueled this wildly unbalanced sellers’ market. That said, even though homes are currently selling quickly and escalating, it is still important to take the right steps to prepare your home for theContinue reading “Seller 101: Prep Your Home to Sell!”
Home Buyer 101: 5 Top Recommendations to Compete
For today’s topic, I am going to make it short and sweet. Last week, I posted about the market and how it heavily favors sellers. Today I’d like to focus on different tools buyers can add to their tool belt to make themselves more competitive in this market. The five recommendations below can be doneContinue reading “Home Buyer 101: 5 Top Recommendations to Compete”
Market Update: Spring 2022
I’m starting my Spring 2022 update with the above graphic because I believe the statistics really do speak for themselves. A “balanced” market, meaning there is equal leverage between buyers and sellers, is considered to be 6 months of supply. You’ll see in the statistics above furthest to the right, in our area, there wasContinue reading “Market Update: Spring 2022”
Escalation Addendum 101
Hope everyone is enjoying the beautiful fall weather while it lasts in the DMV. Today we are going to dive into the escalation addendum, which is usually included as part of an offer in a competitive situation. It is beneficial for both buyers and sellers alike to understand this form, as buyers will likely includeContinue reading “Escalation Addendum 101”
Market Update: Fall 2021
We’re officially in that season of happy haunts – one of my favorites to kick off the holidays. With that, I think it’s important to give an update on the real estate market and the latest trends for buyers and sellers post Labor Day. As many of you probably already know, there’s almost always aContinue reading “Market Update: Fall 2021”