The Eric Stewart Group Blog
Trusted resource for local and national real estate news and trending topics, and everything you need to know about the buying and selling process.
Here's a crazy stat: there are only 44 resale homes currently on the market in Seattle, a metro area with over 80,000 residents. When you factor in the inventory versus demand, it causes home prices to skyrocket. We're seeing this in the DC Metro Area, but, thankfully, not to that extent. As Eric Stewart mentioned in today's Real Estate Minute on WMAL, in case you find yourself tired of the stress and strain markets like these can cause, did you know there are cities where it only costs $60,000 a year to live comfortably?
Spring has Sprung! While you may not live in the Potomac area and you may feel that this neighborhood update does not pertain to you, we want to make sure you know the importance of investing in your community. We're sure you're heard about Location, Location, Location from many different sources! If you want to know how YOUR community might be affecting your home value, contact the Eric Stewart Group today for a free home evaluation even if you're not in the DC area. We have resources to help you if you're from out of state, including Relocation Nation - a company that vets agents in your local area. Keep reading to learn about events and trending news happening in your area!
Our Market Ready Guide provides strategic advice and useful tips to get top dollar for your house when the time comes to sell.
If you've been with us before, you'll know right away that we have a method to finding the right REALTOR® for you. In the Market Ready Guide, you'll find 10 Questions You Should Ask a Realtor Before You Hire One. This, we believe, is a cornerstone to your real estate agent search. but there's more to take into consideration. Do you know what it is?
Do you know what an egress window is? Do you know what the requirements are for an egress window? It sounds like it should be complicated, but there are only 4 requirements your basement window must meet in order to be up to code.
If you've decided you're ready to buy your first home, you've probably gotten tons of unsolicited advice regarding what you should and shouldn't do. Take it from the real estate professionals - there are a lot of things you should and shouldn't do before buying your first home, but let's take a look at the top 5.
What is an earnest money deposit? How does an EMD differ from a down payment? Where does an earnest money deposit go and why is it important?
Last weekend the Washington, DC area experieced a horrific storm. It was a wind storm with up to 70 MPH gusts that caused incredible amounts of damage. There were many who were greatly affected, including one of our clients who was set to settle their home in Oakton, VA. In the video below you'll see the aftermath of what a series of strong winds can do to a tree, a home, and a contract.
Did you know there are 3 primary types of downsizing? Zero Control, Limited Control, and Full Control. Follow along with Teri LaBuwi as she uses her professional experience as a Seniors Certified Real Estate Specialist in the DMV.
What could be stalling people on buying homes? Inventory is lowand when there are multiple offers skyrocketing prices, your buyers might be intimidated!
If you are purchasing a home and financing it with a mortgage, the bank will require an appraisal of the property to determine its market value. The dollar amount the bank will lend you is based on the appraised value of the house rather than the agreed upon purchase price between the buyer and the seller.