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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.

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CoronaVirus | buyers | real estate market

Eric Stewart's Radio Show Recap: Seniors Solutions

By: Rachel Harclerode
September 1st, 2020

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.  

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CoronaVirus | buyers | real estate market

Eric Stewart's Radio Show Recap

By: Rachel Harclerode
August 27th, 2020

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.  

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CoronaVirus | DMV | real estate market

Is a Rebound in Home Sales Underway in the DMV?

By: Rachel Harclerode
July 16th, 2020

Realtor® and Associate Broker Eric Stewart recently discussed updates in the real estate market on 105.9FM WMAL. Check out the videos and descriptions below to hear what Eric says about surprise changes to the market!   Eric Stewart Discussing the Jump of Home Sales from April to May   A rebound in the home sales market is underway with pending home sales jumping 44% from April to May. Realtor Eric Stewart, host of the Eric Stewart Show here on WMAL, says the numbers are good news.   “We had a drop in the month of April, so May’s spike was in comparison to April’s drop, and therefore it really was more in line with a typical month of May. We would typically see the kind of sales in the month of May that we saw this May which was a wonderful surprise," Eric says.

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