real estate advice

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.

Eric Stewart

Eric Stewart started his real estate career in 1987 and each year he and his group sell over 150 homes in DC, Maryland, and Virginia. The Eric Stewart Group has completed more than 3,000 real estate transactions, placing Eric in the top 1% of Realtors® in the nation. With a comprehensive approach to marketing and a knack for negotiation, the Eric Stewart Group has built a reputation of trust and tireless persistence throughout the area.

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Sell | Money

What Capital Gains Taxes Do I Pay When I Sell My Home?

By: Eric Stewart
April 11th, 2019

If you are preparing to sell your home, you should be aware of the capital gains tax implications. There is a good chance that you will not owe any capital gains taxes on the sale of your principal residence if you meet certain federal requirements. And, if you do, the amount of capital gains that you pay on will be significantly reduced.

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INSIDER TIPS | Moving | Selling

When Should You Move Out If You Are Selling Your Home?

By: Eric Stewart
March 29th, 2019

When selling your home, you’re the boss when it comes to deciding when to move. Depending on your particular situation, there are three times you can consider vacating your current home – before, during, or after the sale. Like a lot of decisions pertinent to the home sale process, a number of trade-offs can come into play. 

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Our Market Ready Guide provides strategic advice and useful tips to get top dollar for your house when the time comes to sell.

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What happens when a buyer no longer wants to buy your home?

By: Eric Stewart
March 24th, 2019

One of the most popular blogs I’ve written revolves around what happens to the earnest money deposit when a buyer changes his mind after going to contract. This reminds us that, while everyone has likely heard of an earnest money deposit before, a little clarification is likely needed. Here's what happens when a buyer decides they no longer want to buy your home after beginning the process. 

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Fact or Fake: The DC Area has both a Fall Market & a Spring Real Estate Market

By: Eric Stewart
March 15th, 2019

Unfortunately for many consumers, there’s a misperception that there’s a fall market and a spring market in the Washington DC region. Frankly, this is a myth promulgated by the media and some real estate agents, including me for many years. But I studied 31 years of real estate markets and with only two exceptions in late stage bull markets, there is not a fall market of notable value.

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contingency

"Contingency" - What does contingency mean for real estate?

By: Eric Stewart
January 17th, 2019

What does the word “contingency” mean in sales, especially in real estate? Contingency is a simple word from Latin roots meaning to hold together. Wait, if it means to hold together, why is it known as a way out of a contract? Well, consider buying real estate without any contingencies. Would you purchase a home if you couldn’t inspect it, do an appraisal, or check for termites? Or have a loan contingency if you need to get a mortgage? No, hopefully you wouldn’t. You need the contingency to hold the contract together even though, if a contingency isn’t fulfilled, the contract will die.

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Pet Sensitivity When Buying and Selling A Home - PLUS ESG Staff & Agent Pet Photos!

By: Eric Stewart
November 30th, 2018

How do you show your home to buyers when you have a pet? Pets are a part of the family for many home owners, and protecting Fido from running out the door when a buyer is walking through the property is of tantamount concern. Furthermore, some pets have annoying behaviors like incessant barking, or may even be aggressive and potentially harmful, so protecting the public from them is an issue. Let’s break this down from two perspectives: sensitivity to the pets and sensitivity to the buyers.

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Do Open Houses Help or Hurt Your Property?

By: Eric Stewart
November 23rd, 2018

Many homeowners are under the impression that open houses are a powerful selling tactic but, according to the National Association of Realtors®, only one percent of homes sell this way. Let’s talk about potential pitfalls of open houses that may have you rethinking this option.

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Maryland | Virginia | Downsizing

Visit Eric Stewart At The Beacon 50+ Expos 2018

By: Eric Stewart
October 11th, 2018

Meet Eric Stewart, host of Pointing You Home and Seniors Solutions, at the upcoming Beacon 50+ Expos, taking place in Silver Spring, MD, on Sunday, October 14th at the Silver Spring Civic Center. Events will be held from 12pm – 4pm.

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tips | market update

Real Estate Market Update - Fall 2018

By: Eric Stewart
September 27th, 2018

I’m often asked if there’s a fall real estate market and when it begins. I long assumed that there were two markets each year, the spring and the fall, as I'd been taught that for many years without stopping to challenge the assumption. The myth goes that there’s strong demand in the spring when the flowers come out; in the fall, after people are away and return after Labor Day, they will start looking for houses again.... but do they?

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INSIDER TIPS | Buy | Money

What Are The 3 Ways Buyers Can Lose Their Earnest Money Deposit?

By: Eric Stewart
September 17th, 2018

Earnest money deposits are one of the most critical parts of the home buying process. To show a seller that an offer is serious and made in good faith, a prospective homebuyer will include a check with their offer, for typically 1-2% of the purchase price. 

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