YOUR NEIGHBORHOOD FLYER Spring is here! Tips for buyers and sellers in today’s market... BUYERS: Start with a budget and stick with it. Even with a slight uptick in the number of homes for sale, buyers are still facing elevated prices and mortgage rates nearing 7%. Buyers want to lowball, and sellers want last year’s price. While buyers are getting a bit more breathing room now, they should keep in mind that it’s still a seller’s market while they consider their options. SELLERS: The first step for a successful sale is to find a listing agent who knows the area and comes highly recommended. A good agent will work closely with you to price your home competitively while fielding questions and offers from prospective buyers. Even though the market may still be tipped in your favor, it’s in your best interest to present your home in the best possible light. Not everyone has cash dedicated to renovations and repairs, but a little sweat equity can go a long way. The first step is to declutter, organize and clean. Even if your home is outdated, a clean space gives buyers a chance to envision the house’s potential.
WONDERING WHAT’S HAPPENING IN YOUR NEIGHBORHOOD? Whether you're curious about prices in your area, it's an excellent time to sell, or you just need an expert to answer your questions, I can give you the tools and offer guidance through the entire buying or selling process.
Let me know how I can help by simply giving my office a call at 703-229-5030 to set up a time to connect.
Spring 2023 WORTH READING How Rest and Relaxa on Became an Art Bel Jacobs BBC This fascina ng ar cle explores how taking a break has become an art form, a manifesto and a hobby to aspire towards in the modern age. From discussions around millennials embracing JOMO (the joy of missing out) when plans are canceled to recommenda ons for books exploring the art of relaxing, this piece will help you to slow down and take a breather. More: h ps:// nyurl.com/worth0323b
Spotlight on Boomers! Millennials dominated the market in 2021, but as affordability pushed younger buyers to the sidelines, boomers took over as the top group of buyers 2022. Two main factors accounted for the generational change, said Jessica Lautz, NAR's deputy chief economist. For one, millennials are still largely first-time homebuyers — a group that struggled with affordability last year. Second, more younger boomers are transitioning into retirement and looking to move closer to grandchildren, other family members or possibly their dream home in a different part of the country. Baby boomers were better able to make that transition last year because they could use the equity they had built up to avoid taking out mortgages with elevated interest rates. Read more from Dave Gallagher at realestatenews.com