In a previous blog post, we discussed how important the home inspection can be to the process of buying a home in Washington DC, Maryland, and Northern Virginia. Now it’s time to move on to the next step on your journey to becoming a homeowner— negotiating repairs! What many buyers don’t understand is that negotiating […]
The Bright MLS | T3 Home Demand Index for the Washington Metro area increased by slightly more than 27 percent in February to 108. Buyer interest was at a Steady pace over the month compared with Slow demand in January.The market trend line, below, provides a high-level monthly overview of the Home Demand Index for […]
Whether you intend to be in your next home in Metro DC for two years or twelve years, it is always important to determine resale value. After all, your home is an investment and you wouldn’t want to invest in a property that you would have a hard time selling when the time comes to […]
With the weather beginning to warm up and the official start of spring nearly here, many homeowners in Washington DC, Bethesda, Chevy Chase, and Northern Virginia are looking for ways to improve their property. But if you’re one of those making a home to-do list this spring, it’s important to consider the projects that will […]
There are many features that can be easily changed in homes in Metro DC— paint colors, flooring and fixtures, to name a few. However, there are also a set of home features that can be more costly than you think and should be reason enough to keep moving with your home search. Below are three […]
Once you have found your dream home in Washington DC, Bethesda, Chevy Chase, or Northern Virginia, the next step is to put down a sum of money to show your commitment to making the purchase. This amount is called your earnest money deposit and if not done correctly, could end up costing you thousands of […]
Demand for homes in the Washington Metro area rose in January following two months of seasonal declines in year-end buyer activity. The Bright MLS | T3 Home Demand Index rose slightly more than 23 percent in January to 85, reflecting a Slow pace of home demand. The Index was in the Limited range in December. […]
Real estate has just been voted the best investment for the eighth year in a row— better than stocks, gold, and savings! But that’s not all real estate can hold its own against by comparison. Real estate is also a time-honored inflation hedge. In fact, for the last decade, home price appreciation has beat inflation […]
As you can tell by lower inventory levels, many Metro DC homeowners are staying put this year and instead of moving, are now planning more home projects. The average for home renovation projects is estimated at $4,100 and include popular areas of the home like the kitchen and bathroom, improving landscaping, installing new flooring, adding […]
As a Metro DC homeowner, you’ve probably heard dozens of real estate myths bouncing around from family and friends— running the gamut from when to sell your home to how much buyers are willing to pay. However, it’s important to note that these should be taken with a grain of salt—unless they come from a […]
