What can you — as a buyer or seller — do to prevent a low appraisal or, in the event of a low appraisal despite doing everything right, still have the sale go through? Read my strategies and insights below and prepare for one of the most important yet overlooked part of a home sale—the appraisal.
Our local DC market rocked it last month with record-breaking numbers for prices, closed sales, and new contracts. June is typically at the end of the busy spring selling season, just before the summer lull. But this June did not disappoint and kept up the momentum in several key housing categories. Inventory, however, was low but still holding steady from previous months.
Whether you’re listing a home or searching for one, you need to change tactics depending on the time of year. If you’re a serious buyer or someone who is thinking about buying, you need to understand how timing can affect how you go about looking for a home. And, sellers should know how strategies to attract buyers may change depending on the month.
Last month saw the local housing market buzzing with lots of activity and record-breaking gains despite all the rain we experienced. Closed and pending sales in May exceeded previous months’ numbers, but the area did see a slowdown in the number of new and active listings.
As a buyer do you find yourself “wanting to see everything” in your price range or “needing to look at just one more house or condo”? You may truly believe that having a wide selection of homes to choose from is the only way to find one you love. Guess what? It’s a proven fact that having too many choices only increases your chance of making the wrong choice! For today’s lesson I’ll explain the “paradox of choice.”
Here’s the next installment of my series, “Your Home’s To-Do List.” I spotlight what home tasks you should tackle at this particular time of the year. In addition to my basic maintenance reminders, I also suggest ways to increase your home’s value and how to “Dwell” happily!
April showered the DC metro area with market stats that should bring sunny and optimistic smiles to most buyers and sellers! The region saw some decade high levels for prices, closed sales, and new contracts for the month of April.
Fantastic Clarendon end-unit in Fairlington! Enjoy huge windows on 3 sides, side yard & parking directly in front of unit. Updated kitchen with granite, brand-new subway tile, designer ceramic tile flooring, stainless steel appliances and recessed lighting.
Your dream scenario is playing out as a seller! Buyers love your home and you’ve got several offers. Juggling multiple offers requires some strategy and diligence so you do end up choosing what’s right for you. And, sometimes, it’s not all about the money offered … really!
You’ve found the home you want, but what happens when other buyers feel the same way? Are you ready to compete with multiple offers? Do you even know how? Whether it’s only one other buyer or more, you need to have a strategy so you stay in the competition and come out as the new homeowner.