Why You Might Not Want to Get too Excited (or Nervous) About a Housing Crash (2/17/23) Rising interest rates and slightly lower demand in the market has caused many people to believe that a housing crash is imminent. Despite some signs that the market is slowing down, you shouldn’t get too worried or excited about […]
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Northern Virginia Market Update: This past week buyer activity went up by 6.6% Buyers are coming back into the market from the sidelines, some to capitalize on the declining interest rates! New homes listed are up 2.2%. The average list price to the actual sold price is down but with more buyers coming back into
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CURRENT HOME PRICES- WHAT SELLERS SHOULD KNOW Should you sell your home? There is a lot of talk about the housing market. Housing price growth is down from the past few months but the percentage of growth from last year is still up. A normal level of housing appreciation is 3-4%, we are currently at
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Mortgage rate dip brought many buyers and sellers back into the market. Inventory is still higher than last year and days on market keep increasing. Sellers are adjusting to the current market – 40% of active listings have reduced their original asking price. See full report here: https://brightmls.com/article/12040 Please reach out to me if you
Market Update December 2022 Read More »
The first step in buying a home! Pick a real estate agent you will love! The first step is not to start picking out homes and viewing homes, go under contract, do a home inspection and start moving in. Before you start looking at homes you need to talk to a lender to see what
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Now is a good time to buy, here’s why! Prices are being reduced Tax benefits for homeowners Owning is better than renting Refinancing will likely be an option in the future Sellers are paying all or part of buyers closing costs Home inspection and negotiations Appraisal and financing contingencies Home warranty Time to make a
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How to get an A+ on a home inspection when selling your home You’re under contract- congratulations! The buyers will be doing a home inspection and you want to ace the inspection right? Here are some tips to do just that! Put together a list Put together a list of repairs, replacements and any renovations
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Don’t keep an eligible buyer waiting for too long because you hoping for a bidding war: In the past 2 years, waiting through a weekend meant more offers. This is not always happening now and if another buyer show’s interest in submitting an offer and find there is another offer on the table, many are
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Yes, the market has slowed down. The number of days on market are now at an average of 19 and 2 in 5 home sellers have lowered their asking price in the past 30 days, (Bright MLS data). This is the highest number of home prices lowered since Q4 of 2019. The days of 10+
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