Archive for the 'Homes For Sale' Category

Jan 07 2010

Property Sales Trends

Published by Carolyn Thompson under Homes For Sale

Before you purchase a property make sure you get a printout of the sales trends by neighborhood and surrounding areas from your Realtor.

 Get a report that includes sales in the last month as well as the entire year up to the point of potential purchase.

This will help you make an educated decision and a more accurate bid on a property.

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May 27 2008

To Sell or not to sell

Published by Carolyn Thompson under Homes For Sale

Have we hit the bottom of the real estate market in Bethesda yet?  I think so.  There are certainly homes in some neighborhoods that are going to get picked last.  If you have one of these homes, then you may want to wait until inventory get sucked up a bit, even in the surrounding areas.

The real estate market in Bethesda may be great, but how many sales have been lost to other areas because buyers can get more for their money elsewhere?

There are still a few homes being sold on less then favorable sites, but at a drastically reduced price.

 Does it seem as though I am not forthcoming with my information?  This is becuase my client would like to get his Bethesda home on the market, but the value has already declined $200K from the peak of the Bethesda real estate market and it is tough to sell a home that has certain restrictions.

More commentary will be added to this post when the Bethesda home is listed and sold. 

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May 27 2008

Multiple bid situations

Published by Carolyn Thompson under Homes For Sale

Yes, there are homes for sale and there is news of increased foreclosures.  There are also several neighborhoods with multiple bids on the properties.  Bethesda Mayland; Arlington Virginia; Washington DC  all multiple bids.

 As a Realtor representing buyers it is driving me crazy.  When I was younger, my clients would drag me to a million homes and keep writing offers.

Now, home buyers don’t expect this type of climate and it is all my fault.  I bring them to homes where I can stretch their money only to find other buyers doing the same. 

Price a home correctly, market the property and garner your share of offers.

Price a home high and get stuck trying to sell your home, while your spouce is moving on. 

Life happens and it does not wait for the house to get sold, rented or otherwise disposed of.

 A client recently asked me what the hardest part of my job is.  It is doing a ton of research to make sure that we are putting the right offer on a home and getting out bid.  Of course, we may start bidding a bit higher, but the psychology of the buyer is that there are deals to be had, why would they bid above the asking price.

 My sellers want to know why they aren’t getting more for their homes.  I could put a lot of fluff into this blog, but the reality is that there is a down maket.  Some neighborhoods are less desireable.

 There appears to be a huge shift to desireable neighborhoods by those who could afford it.  Thus, there are multiple bids on real estate in choice neighborhoods.

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