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Displaying blog entries 1-10 of 20

 

Housing Inventory IncreaseWow, it is hard to believe that we are almost half way through 2014 and summer is just about to get into full swing.  It is going to be interesting to see how we get through the real estate market this summer as we had no true spring selling season.  Now that school is about to get out, people will be taking their vacations.  So it is important for sellers to be prepared for the upcoming situation.

Our inventory levels have continued to escalate since the warm weather broke in May.  It has resulted in us having more homes for sale than any time since October on 2011.  As we enter the summertime, the season generally slows down which will increase inventory as well, so sellers need to do all they can to attract the buyers that are out looking for a new home.  Sellers need to position their properties accordingly, as there is currently a 2 month supply of houses on the market.  The inside and the outside of the house needs to shine and show like a model home, as well as be priced to sell!  We are not able to “push” prices like we did earlier this year. What it takes to sell your house in 2014The sellers who overprice their properties, even just above what we recommend, sit on the market.  Additionally, we are having appraisal issues with properties in areas where there are no sales to support the higher values – even in multiple contract situations in arm’s length transactions.  The underwriting guidelines have made it tougher to get above market values approved, so please price your house accordingly.

 

-Ron and Susan

Caution When Using Home Estimate Websites

by Ron and Susan

These days, there are a lot of websites available to buyers in aiding them to find the perfect home in the right price range. However, nothing beats the value of having a local Realtor provide timely market information and statistics! Check out this blog post and find out why you should use caution when using certain websites:

http://www.bizjournals.com/washington/blog/

-Ron and Susan

5 Tips for Selling a Home in the Spring Market

by Ron and Susan

Spring is among us, but that doesn't mean it's too late to start preparing for a home sale in the booming spring market! Packing, clearing away clutter, improving your home, interviewing realtors, and researching the market are five tips that can use to help you sell your home faster and more efficiently. Check out this blog post for more information: 

http://www.realtor.com/advice/5-ways-home-sellers-can-prepare-for-the-spring-market/

-Ron and Susan

Unlike the weather, the real estate market is HOT!

by Ron and Susan

We currently have a 1.8 month supply of houses on the market in Northern Virginia.

Interest rates remain low so buyers are buying homes and jobs in the DC Metro area continue to be created so people are looking for housing in our market.  We expect this trend to continue for the next several months.  Sellers are in the proverbial driver seat if they do the right things to their property before putting it on the market.  If you are considering selling your house, read more below…

winter-scene.jpg

As mentioned, right now our biggest issue is finding houses to sell.  We currently have 3,850 properties for sale in all of Northern Virginia – down from a high of the last year when we had 6,005 in the second week of October.  That is a 36% decrease in houses for sale in just 3 months.  We expect more properties to come on the market as the ice and snow melt, as well as, into the spring market but we have a lot of people looking so it shouldn't have a huge impact in regards to our inventory level moving forward.

The low inventory situation has resulted in multiple contracts on properties that are in great shape, priced well and show well.  As properties come on the market that are in the same situation, they too will have multiple contracts.  Therefore, buyers need to be prepared.  Sellers need to seek our advice when selling so we can help stage the house, give direction on what improvements/repairs need to be made and to price the home properly so they can take advantage of the market.

 

-Ron and Susan

Monopoly Tournament Fun

by Ron and Susan

Our 7th Annual Monopoly Tournament was a great success! We had a lot of fun raising money for the Lorton Community Action Center. Missed the event? Check out this blog written by one of the players as he describes his journey through the tournament.

http://paulowengames.blogspot.com/2014/02/lorton-monopoly-tournament.html

-Ron and Susan

7th Annual Monopoly Tournament! REGISTER BY FEBRUARY 19TH

by Ron and Susan
It's that time again...our 7th Annual Monopoly Tournament...It's How We Roll!
 
Come join us for a day of fun, food, prizes, Monopoly, and the chance to win $500!  We promise you’ll have lots of fun AND…***All net proceeds go to the Lorton Community Action Center***
 
What:       Ron & Susan's 7th Annual Monopoly Tournament 
Where:     Workhouse Arts Center, 9601 Ox Road (Rt.123), Lorton, VA
When:      Saturday, February 22, 2013 9:00am - 2:00pm
Why:        To benefit a great organization, the Lorton Community Action Center
 
The event will be held at the beautiful Workhouse Arts Center. Lunch will be provided by Glory Days Grill-Lorton for all players (and guests who make a small donation).  NEW THIS YEAR - Special tables for Kids/Beginners in Round 1, and a "Photo Booth".  Yes, we will have newly-designed T-Shirts for sale again because, well, That's How We Roll!
 
TOP PRIZES:  1st Place $500; 2nd Place $250; 3rd Place $100.  Trophies for 4th-6th place.  Many door prizes too!
 
The registration fee is tax deductible and is only $25 if you pay in advance; $35 at the door.  Ages 8+.  To register and pay online, click on the link: https://events.r20.constantcontact.com/register
 
For more information go to: http://www.lortonmonopoly.com or www.lortonarts.org.
 
This year promises to be as fun as ever...We look forward to seeing you there!!!
Proud Sponsors of the annual Monopoly Tournament in Lorton, VA
 
 

Risk of Living at Home for the Elderly

by Ron and Susan

There are many factors that go in to assessing if it is unsafe for an elderly family member or friend to be living at home. These include risks such as the condition of the home, their behavior, and how isolated they are from major facilities, and even how they interact with their community (or DON'T interact). This article outlines many of the signs you should look out for in order to determine if it's safe for you friend or family member to live alone. Check it out!

http://www.grandtimes.com/Assessing_at_Home.html

-Ron and Susan 

 

Income Property Flips to Sell through Renovations

by Ron and Susan

Having a good visual appeal to your house will not only attract buyers, but will also increase its value. Here is an example of a homeowner that renovated their house and got it sold!

http://www.hgtvremodels.com/interiors/income-property-flips-to-sell/index.html

Happy Decorating,

Ron and Susan

Home Improvements that are Worth the Price

by Ron and Susan

Whether you are renovating a home to sell now or possibly in the future, there are some renovations that take priorities over others. For example, no buyer will want a leaking roof! Check out what home improvements will give you a return on your investments and get your house sold.

http://www.hgtv.com/home-improvement/which-home-improvements-pay-off/index.html

-Ron and Susan

25 Biggest Real Estate Mistakes

by Ron and Susan

Following last week's theme of "25 Biggest Mistakes", we bring to you the top 25 biggest real estate mistakes. Whether you are buying or selling a home, make sure to avoid these mistakes for a stress free real estate process.

http://www.hgtv.com/real-estate/25-biggest-real-estate-mistakes/index.html

-Ron and Susan

Displaying blog entries 1-10 of 20