One question I often get as a Realtor is, “Will updating my kitchen help me sell my home and make more money?”
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Spring has sprung! With the recent increase in seasonal temperatures, our trees and gardens have come back to life, and so too has the local real estate market. Each year, the spring real estate market is strongest in the February-to-June timeframe. The inventory of homes is coming off of winter lows and buyers hit the marketplace in earnest in hopes of securing the perfect home before the competition lays eyes on it. This combination of cyclical events makes it the perfect time for sellers to put their homes on the market to fetch top dollar.
To many homeowners selling property in “as is” condition sounds very attractive, but what does an “as-is” sale actually look like?
Continue reading “Are there advantages to selling your home ‘as is’?”
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.
Continue reading “What Capital Gains Taxes Do I Pay When I Sell My Home?”
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.
Continue reading “When Should You Move Out If You Are Selling Your Home?”
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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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.
Continue reading “Fact or Fake: The DC Area has both a Fall Market & a Spring Real Estate Market”
There we were on a busy Saturday, standing in line at La Madeleine. My boys were hungry and restless, both had been tagging along with me and their father on our errands. They refrained from running around the long rolls of silk and cotton at G Street Fabrics while I shopped for notions to replace their winter coats missing buttons. They waited patiently for dad to surface from CVS with a bag of first aid supplies to patch their soccer inflicted bruises. In exchange for their good behavior, we promised them a visit to Toys R’Us, our next stop. We ordered hot chocolate and pastries, sat down at the outside patio and enjoyed the sunny, unusually warm fall afternoon while the boys talked about the new toys they would get. There we were, at Mid-Pike Plaza twenty years ago.
When speaking with prospective clients or friends, I’m often asked about the outlook for real estate in the coming year and whether it’s a good time to buy or sell.
Continue reading “Why 2019 is a Good Time to Buy or Sell your Home”
CONTRIBUTED BYJIM BECKLEY, REALTOR WITH THE ERIC STEWART GROUP OF LONG & FOSTER REAL ESTATE
As we enter the spring market of 2019, the local home inventory is at historic lows. Selling a home is no different than selling anything else; when supply is low and demand is high, prices and competition rise. So how does a buyer position him/herself to win the home of his/her dreams when that exact home is also a favorite of another buyer who is also submitting an offer?
Continue reading “Strategies For Winning In Multiple Offer Situations”
