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.
Check out this brief recap of Eric Stewart's radio show that aired on August 16th on 105.9 FM WMAL! Eric discussed when it is appropriate for an agent to participate with their own commission to get a deal finished, and he speaks to Helen Flynn, Realtor® and SRES®, about the difference between staging and decluttering. The Eric Stewart Show: Radio Recap Segment 2 On this segment, Eric answers the question: when should a real estate agent participate with their own commission in getting a contract finished? Although it is an uncommon situation, Eric describes a time he found it appropriate to use his commission to assist with a seller's contract. In this example, there were some things that had to happen during the inspection phase in order for Eric's client to move to their new home. "Sometimes people’s lives are more important than money," Eric says. He recognized his clients could go no further in this situation, and he deemed it appropriate to step in and make his clients' lives a little easier. Eric also describes an inappropriate time for an agent to participate with their own commission: when someone asks for a favor as a friend. Eric goes on to speak with Helen Flynn, a Realtor® and SRES®, about staging and decluttering. Helen suggests making decluttering a routine activity in order to make the process a little easier. We often don't realize how easily we've accumulated items over the years! We have a fantastic stager and our group provides that to you as our client. Don’t forget about our upcoming webinars, which you can find here! Eric will go more in-depth on staging, decluttering, and much more within these webinars.
Check out this brief recap of Eric Stewart's radio show that aired on August 16th on 105.9 FM WMAL! Eric discussed what the market looks like for buyers right now, including the limited inventory and competition among buyers. He also speaks to Helen Flynn, Realtor® and SRES®, about what has factored into the current market and discusses an app called FairSplit. The Eric Stewart Show: Radio Recap Segment 1 Next month, Eric is celebrating the 16th anniversary of his radio show! He began the show in September of 2004. The first topic of the show answers the question: how do you handle a buyer looking to buy in a market where there’s very little inventory? In the current market, buyers are going up against other buyers in a very competitive market. With the competitive market, there’s a lot of subpar properties that are selling really well right now. People are being much more forgiving about the conditions of homes. This proves that timing trumps condition. We’ve been in a 5-year cyclical contraction and supply, which has been exacerbated by COVID-19. More listings are coming to the market but it’s still tight. Eric predicts that the market will continue to be very strong all the way into the fall. There has been more inventory in Rockville but competition is pretty fierce all-around. The overall demand cycle is very hot for many reasons; buyers and sellers need an agent now more than ever. In the world of technology, there’s an app called FairSplit that allows you to list assets that are to be divided among multiple people. It can be used in the cases of downsizing, divorces, or estates. You walk through the house, take pictures and put them into a folder, assign values to the items, and then share with the people you are going to be dividing these items among. The app also offers services to help you with appraisals, determining emotional value of an item, and mediating between family members.
Our Market Ready Guide provides strategic advice and useful tips to get top dollar for your house when the time comes to sell.
Realtor® Robert Garcia recently discussed a popular question he's been seeing from buyers during the global pandemic: do I need a bigger home? Check out the video and description below to hear what Robert's advice is for those considering moving to a bigger home! Robert Garcia Exploring the Question: Do I Need a Bigger Home? Hi everybody, Robert Garcia here, Director of Sales and Operations of the Eric Stewart Group of Long & Foster. It has been about 90-120 days since COVID-19 was officially declared a pandemic worldwide. And we have learned new things with the pandemic speaking from the real estate perspective. So working with buyers and sellers, we get all kinds of questions. But this one comes from buyers that we work with every day, and the question is: now that we have a new normal, should we upgrade to a bigger house? Well, chances are that you have the privilege to work from home, and need the space for a formal home office, as well as if you have kids you may need the space for homeschooling, or a hybrid format that will start in the fall. So if you don’t have the space that you need for the new normal of working from home, the changes are that you should probably think about upgrading to a house that’s maybe a three-level house with a fully finished basement or a partially finished basement where you can put your office. Or maybe if you have a lot of rooms upstairs that you don’t need, then you can consider making one of the spare bedrooms your office moving forward. So you can have conferences, calls, Zoom video meetings, and so on. That should be something that you should make a priority. Now if you have a house that fits the space that you need for now and you don’t need to upgrade, maybe think of improvements, refinancing your property, and looking ahead for the future in terms of what kind of upgrade you should be doing.