10 Questions to Ask BEFORE Renting Your Home There is a huge difference between deciding you want to become an investor (and landlord) and deciding that renting your primary residence might be 'easier' than trying to sell it. Answer these 10 questions to see if renting your house out is right for you: 1.) How … Continue reading 10 Questions to Ask BEFORE Renting Your Home
(Reprinted from The KCM Blog, October 2011. Disclaimer: This blog covers the national housing market as a whole. Please check with a local real estate professional to discover how the following information will impact your region. – The KCM Crew.) Hill's Comment: While the recent S&P/Case-Shiller Index data reflect an overall slight increase in Washington … Continue reading House Prices: Where They Will Be in the Spring
In the Top 3: Notable Results Compared to 2010 levels So far this year, we have seen a remarkable increase in buyer activity (see new listings below) not only in visits to Open Houses in the area but also in the number of contract contracts written on homes on the market. We are also helping … Continue reading Our Market Performance in February 2011 vs. 2010
A Rare 1770 "Flounder" Beautifully Renovated -- SOLD!! 202 Duke Street, Alexandria, VA OFFERED for $1,410,000 This rare 1770 freestanding brick flounder, built well back from the street and surrounded by a formal garden with potting shed and high brick walls, is a jewel of Old Town. The two and one-half story brick home, … Continue reading “A Jewel of Old Town” Alexandria, VA
Old Town Alexandria: Close to Everything! 211 South Payne Street, Old Town, Alexandria, VA 22314 Offered for $875,000 This two-story brick Colonial Revival style detached townhouse was built in 1900, with a three-bay façade with six-over-one windows and an abbreviated classical cornice. It is in easy walking distance to the King Street shopping and … Continue reading The Best of In-Town Living!
Owners' Continuing Responsibility for Snow/Ice Removal With the arrival of Winter this coming week and the surprise snowfall we had last week, it is time to complete your winter preparations, if you have not done so already. These are particularly important if you have a home listed for sale that is vacant or you are going … Continue reading Winter Preparations Checklist for Homes on the Market
Price - For a Listing and for a Contract of Sale. Sellers and buyers both rely on their agent's expertise and research to help them understand today's market and what are reasonable price expectations. A wrong price can kill a listing or a deal. This single factor is so important. An agent who tries to … Continue reading THE Single Most Important Piece of Information to both Sellers and Buyers
Seven Exceptional Attributes to Look For Finding an excellent real estate agent or Realtor® can be a challenge. There are many to choose from and they all appear eager to help you. But how do you know which will serve your interests and help you best? There are so many to choose from - but … Continue reading Picking a Real Estate Agent?
Buyers and Sellers Cooperating for Terms to Work As the market for the purchase and sale of residential properties continues to stabilize and return to normal, we are beginning to see more sellers accepting offers to buy their homes subject to the sale of the buyers' homes, this after a period where such contingencies were … Continue reading Home Sale Contingencies Returning to Purchase Contracts
Maryland and Virginia Among Highest for Technology, Business Friendliness CNN Money.com and CNBC.com just released their 2010 lists – Top Earning Towns, Best 100 Small Cities to Live,and CNBC for Top States for Business– and The Washington Post announced the area’s education level. Bethesda, MD has the highest median family income in the US, according … Continue reading Several Washington DC Areas Among “Best” Places
4003 Belle Rive Terrace, Alexandria, VA 22309 ▪ FOR SALE: $2,799,000 NOW $2,487,000 Although this riverfront estate on almost an acre on the high Virginia banks of the Potomac River south of Washington is now in service as an elegant private residence, its uncommon security attributes and reinforced construction make it suitable for a variety of … Continue reading Magnificent Mt. Vernon Estate on the Potomac River FOR SALE
Mortgage Insurance Premium, Credit Scores, and Seller Contribution Affected On January 20, 2010, FHA announced major changes to ensure its long-term financial soundness. FHA is trying to balance three fundamental objectives: Financial soundness of the FHA insurance fund – ensuring that its capital ratio returns above 2 percent, Fulfilling its mission of serving borrowers not … Continue reading Major FHA Changes Expected to Take Place in Early 2010
Positive Trend Reverses Declines Since 2004 New sales contracts in 2009 for residential properties were 21% ahead of 2008. The number of properties on the market at the end of 2009 was 25% lower than the end of 2008 -- a five month supply. This is a market which most housing economists feel is in … Continue reading Washington, DC Market: 2009 Review and 2010 Outlook
It's All About My Clients ... When clients engage me, either with the renowned Washington brokerage of W.C. & A.N. Miller REALTORS®, exclusive affiliate of Christie's Great Estates, or with Sloans & Kenyon in its marketing association for their luxury real estate needs, they find my service levels cannot be matched. My clients understand … Continue reading The Testimonials Speak for Themselves…..
Owners Removed Homes from Sale Listings In May and June, many sellers, who saw little buyer interest during the Spring market at the prices they were seeking, removed their homes from the market. They feared home values had not stabilized or would not meet their expectations, and they anticipated the market would return stronger in 2-5 … Continue reading Converting a Home to a Rental Property