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August 10, 2018

Insider Tips for Selling Your Home Fast and For More Money

Trying to sell your house fast?

Want to make plenty of money at the same time?

Selling your home can take a lot of work and sometimes the process can drag on for a while before you find a great buyer. Over time, you may also find yourself coming down in price and you may not get as much as you expected from it. However, there are ways to sell your home fast and still get a great offer if you know the right tips.

Below we’ll give you our insider tips and strategies for selling your home fast while still getting a great offer for it.

1. Time It Right

The first thing you should do to make sure you sell your home quickly and easily is to make sure you’ve picked the right time to put it on the market.

It’s important to realize that certain times of the year are better for selling a house than others. Selling your home in the spring between March and May is usually the ideal time to list your home and when a lot of buyers are out looking for a place.

2. Pick Your Price Wisely

You should also make sure that you set your price right from the very beginning. You’ll want to look at other similar homes in your local market and see what they’ve been selling for.

While you may think it’s better to put it high to start with and then come down over time, it’s actually not a good idea. If you want it to sell fast you should price it right immediately.

Most activity on a newly listed home happens early on and a home that is been on the market for too long may start seeming undesirable to buyers.

3. Take Some Amazing Photos

One of the best ways to make your home sale easier is to add high-quality photos to your listing. If necessary, hire a photographer to get it right and make sure that the photos highlight the best things about your home, both inside and out.

Great photography can go a long way in marketing your home. Photos can help potential buyers take more interest and decide to schedule a showing.

4. Show Your Home Off With a Virtual Tour

In addition to photos, videos and virtual tours can also be a big help in selling a home.

If you really want to get it right, you may want to hire a videographer to make a professional looking video. Alternatively, you may just want to do a simple walkthrough on your own using a camera to show buyers the different areas of your home.

However you do it, a virtual tour can be a great way to generate a bit more interest and convince more buyers to give you a call.

5. Use the Right Words

In addition to visual content, you should also make sure you work hard to write the perfect description for your listing. The description can make or break your listing so make sure to get it right.

If there are any unique and especially attractive features about your home make sure you mention these things clearly and vividly. You may also want to mention positive aspects of the area as well such as which school district you’re in and anything else that is notable about your home’s location.

6. Boost Your Home’s Curb Appeal

It’s also important to boost your home’s curb appeal. Before you take any pictures or invite anyone for showings you’ll want to make sure your home has a great look and will “wow” anybody as soon as they see it.

You may want to put on a coat of fresh paint, for example, or add in some extra outside lighting. You may also want to make some other changes to your lawn or yard to make sure it comes across well from the beginning.

7. Make the Right First Impression

In addition to improving the outside looks of your home, you should also make sure that the inside looks great as well and gives off the perfect first impression.

When potential buyers come into your home, it’s important that they are impressed. You’ll want to clear out any clutter that you can, so it may be a good idea to rent a storage unit to use while you list your home.

You’ll also want to be prepared to let a neighbor or friend watch any pets you have when you’re showing your home. Remove any indications of pets or their smells in your home. Signs of pets in your home may turn away some buyers.

8. Assist Your Buyer’s Imagination

Besides making a good first impression you should also be attempting to make sure a buyer can see themselves in your home. While clearing out the clutter is part of this, you’ll also want to consider resetting some of the rooms in your home to their originally intended purpose.

Consider taking out some of the most unique features and any creative personal touches you’ve added to your home over the years. Ensure that your home seems like a blank slate to buyers.

9. Don’t Overdo It On the Upgrades

While you should be aiming to make your home seem as new and attractive as possible to buyers, you shouldn’t overdo it. Too many repairs may be more trouble than they’re worth.

If you spend too much time and money on upgrades and repairs you may not make as much once you finally do sell your home. It’s important to strike a good balance between making it attractive to buyers and not spending too much.

10. Be Available and Ready

In addition to having all of the points above in mind, you also need to keep in mind that the more available you are for showing your home to buyers the better chance you’ll have to sell your home quickly and for the best price.

Be ready to answer calls and be available at the drop of a dime to show your home or get out of the way for an agent to do it. Keep things clean and don’t let dishes pile up in the sink.

Using These Tips For Selling Your Home Fast

While it can take a lot of work to make sure your home sells quickly, by using the tips above you’ll make sure you’re selling your home fast while also getting what it’s worth from the sale.

Ready to sell your home fast? Contact us today to learn more about what we can do for you.

July 25, 2018

10 Reasons to Sell Your House Fast

If you’re getting ready to sell your home for the first time, you’ve probably been bombarded with advice from every person you talk to. Everyone has tips for managing the process, and not a single person will say that it’s an easy journey.

That’s because it typically isn’t. A conventional home sale is usually a stressful process that can take months or even longer. It’s not surprising, then, that there’s been a strong trend toward fast home sales to real estate investment companies.

Investment companies that buy homes directly provide an alternate process. If you’re curious about whether you should sell your house fast, read on for the reasons our past clients have given.

Why Should You Sell Your Home Fast?

Many of the past clients from whom we’ve bought houses have also sold homes in traditional sales before. Below are the benefits to selling your home using our method, based on the feedback from those clients.

Simpler Process

The primary purpose of a real estate agent is to find buyers for your home. This is a challenging and complex job, which is why agents need specialized training to be able to do it.

While you’re welcome to hire an agent when you sell to a fast-purchase real estate company, it’s not as necessary. This can save you thousands of dollars. In fact, the average real estate commission alone is up to 6% of the sale price. If your home costs $300,000, that’s $18,000 out of your pocket.

Avoiding Doubling the Moving Expenses

In a traditional home sale, poor timing can be costly. If your old home sells before you’re ready to move into your new home, you need to find temporary housing. This means you’ll pay moving expenses twice: to move into a temporary space, then again to move into your new home.

Moving costs can be in excess of $10,000, especially if you have a family and are moving a long distance away. If you need to move twice, that a huge unnecessary expense (not to mention the cost of your temporary housing).

Cut Down on Stress

You might not be able to put a dollar amount on the stress of moving, but that doesn’t make it less important. For most people, housing is their largest expense and it accounts for a large percentage of their income.

When that huge monthly expense is up in the air, your stress level goes through the roof too.

No Need to Manage Frequent Showings

Another often underestimated difficulty with a traditional home sale is the hassle of each showing. You need to make sure your home is very clean and uncluttered, and you need to bring your family and pets elsewhere.

Home showings are difficult enough for a couple or a single person, but when there are kids or pets involved, it’s quite a circus. Sometimes showings happen at the last minute, which adds an extra layer of stress.

Don’t Risk Buyer Getting Cold Feet or Sale Falling Through

In a typical home purchase, there are countless ways the sale could fall through at the last minute. The buyer could get cold feet, or have an issue with their own home’s sale, or their financing could fall through.

One of the key advantages of a fast home purchase is that many companies (ours included) pay cash for your house. That eliminates the risk of your buyer’s lender pulling out at the last minute.

Avoid Housing Market Changes

The housing markets are constantly changing, both on a large scale and within your own neighborhood. You may put your home up for sale when it’s a seller’s market, but if it doesn’t sell and the market turns, your chance of a sale goes down dramatically.

Using a fast process by selling to an investment company, on the other hand, cuts down on that problem.

You Choose Your Timing

We’ve already discussed how the timing of your home sale can affect your moving expenses. However, it can cause other problems as well.

If you have kids and your new home is in a new school district, moving during the summer can help make the transition smoother. Unfortunately, you don’t have direct control over that timing during a traditional home sale.

Many homeowners also have busy seasons and light seasons at work. When you choose a fast home purchase, it lets you time your sale (and your move) during the easiest season for you.

No Need to Make Repairs

Repairs on a home you’re selling can be an unexpected expense and delay your sale by weeks or months. When you sell to an investment company, however, we process as-is home sales.

This lets you avoid the extra expense, the hassle of renovations or repairs, and the delay in your home sale.

Avoid Paying Two Mortgages

Arguably the largest worry people have when selling one home and buying another is the transition between mortgages. If you buy your new home before selling your old one, you’ll be paying two mortgages every month.

Many homeowners can’t afford to do this for more than a month or two, so it adds to the stress level. With a fast home purchase, however, you can arrange the timing so this doesn’t happen.

Avoid Paying for Upkeep on Two Homes

This is an expense few sellers consider until it happens. If your old home doesn’t sell until three months after you close on your new home, that’s three months of double the maintenance. If you’re paying for lawn maintenance, housekeeping, and other services, this adds up quickly.

How to Sell Your House Fast

The ten reasons above are just the most common reasons to sell your house fast. There are plenty of other benefits that apply to specific situations. Regardless, the faster your home sells, the less stress you’ll have and the fewer add expenses you’ll pay.

If you’re ready to sell your home quickly, contact our fast home-buying team.

June 20, 2018

How to Sell Your House Fast: The Expert Guide

The fact of the matter is that, for most individuals, selling a house is a challenge. Attempting to sell a home for a reasonable price in a timely manner almost always requires a great deal of effort and dedication.

Perhaps you’re looking to get your house off the market as quickly as possible? Maybe you’re looking to sell your house fast?

If so, there are a number of different tips you should be following. These are the keys to a quick house sale.

Get the Price Right Initially

If you’re hoping to sell your house quickly, it’s absolutely vital that you price it right from the beginning. Pricing it too high can turn off potential buyers, making them think that they can’t afford it, or making them think that you aren’t serious about making a sale.

In order to price your house correctly, you should survey the selling prices of other houses in your neighborhood. From there, you can come up with a nice ballpark figure.

Manicure Your Yard

The fact of the matter is that if the outside of your home doesn’t look nice, buyers won’t even give it the time of day. They will simply pass it over and go searching for other homes to buy.

This is why you need to make your yard look as nice as possible. Keep the grass trimmed, make sure that the mulch is looking nice, and eliminate all traces of weeds. By doing this, you will up the curb appeal of your property, making it more attractive to potential buyers.

Make Necessary Updates to Your House

When buyers go looking for a house, they are looking for something which feels new to them. They aren’t leaving an old house so that they can go live in another old house.

This is why, when selling your home, it’s necessary to renovate and update it. By installing new countertops, flooring, appliances, and otherwise, you serve to make your home more modern and attractive. This greatly ups its value as well as the interest of potential buyers.

Remove Personal Items from Your House

When prospective buyers are checking out homes, they envision themselves living in those homes. The problem is that it’s difficult for them to do this if you still have your possessions in the home during the time of the showing.

Therefore, it’s wise to remove all personal items from your home while it’s being shown to potential buyers. This doesn’t mean that you need to remove everything; you should keep your furniture where it is.

You just need to remove pictures, heirlooms, and any other items which are treasured only by you.

Always Be Prepared to Show Your House

The key to a quick house sale is to have your home viewed by as many prospective buyers as possible. The more people that see your home, the more offers which will be submitted.

How do you ensure that as many people see your home as possible?

By always being prepared to show your home. Whether it be 7:00 AM or 9:00 PM, you need to be ready and willing to show your home off to prospective buyers.

Short on time? It might be a good idea to utilize a real estate agent.

Utilize All Available Marketing Avenues

Again, the key to a quick house sale is to have your home viewed by as many potential buyers as possible. To give your home optimal exposure, you need to utilize every marketing avenue that is at your disposal.

There are a variety of different places in which you can place house listings. Not only should you be utilizing websites such as Zillow and Trulia, you should be putting your house listing in newspapers, on social media, and all other available marketing platforms.

Take Professional-quality Photographs

In most cases, when a prospective buyer first views a home that is for sale, that buyer views said home online. How does a home appear online? In a series of different photographs.

But, you shouldn’t use just any photographs of your home. You need to ensure that the photographs you use are of professional quality.

Having bright, clear, and illuminating photos of your home will give it a terrific first impression with potential buyers. On the other hand, posting dark, shady, and blurry photos of your home will give potential buyers a horrible first impression.

Hire a Real Estate Agent

The simple fact of the matter is that selling a home is a process. In most cases, it is a process which requires a great deal of hard work and dedication.

Most home sellers don’t have the time or resources necessary to put forth a full effort. That’s why it’s often wise for home sellers to hire real estate agents.

A real estate agent will essentially take over all of your home selling responsibilities, scheduling showings, filing the necessary paperwork, and facilitating necessary updates. If you want to sell your home quickly, hiring a real estate agent would be a great decision.

Sell Your House to an Investor

The absolute quickest way to sell a house is by selling it to an investor. There are many investors out there who will buy houses, fix them up, and sell them to others. In many cases, you can strike a deal with an investor within 2 weeks.

One of the nicest things about going this route is that it requires minimal work. You won’t have to manicure your lawn, show your home to potential buyers, or make renovations.

Looking to Sell Your House Fast?

Wanting to move on from your house as soon as possible? Looking to sell your house fast? If so, and if your house is in the Washington DC area, we here at 4 Brothers Buy Houses are the people to see.

We are a real estate investment firm which specializes in buying from those who want to sell their homes quickly. It is our goal to have a deal set in place for you within 10 days.

Interested? Contact us today to discuss!

August 5, 2017

August 2017 Monthly Housing Market Update

Monthly housing market update for August 2017

Summary:

Home prices, non inflation adjusted, are past 2007 levels nationally. Inflation adjusted, prices are just shy of 2007 peak.

The rent vs home price index is approaching 2007 levels, and is significantly beyond historical averages. However, it is still off the levels reached at the high point of the previous bubble.

Details:

Washington, DC – U.S. house prices rose in May, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.7 percent increase in April was revised downward to reflect a 0.6 percent increase.

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From May 2016 to May 2017, house prices were up 6.9 percent.

For the nine census divisions, seasonally adjusted monthly price changes from April 2017 to May 2017 ranged from -0.5 percent in the Middle Atlantic division to +1.0 percent in the West South Central division. The 12-month changes were all positive, ranging from +4.0 percent in the Middle Atlantic division to +8.7 percent in the Pacific division. [Link to report]

Federal Housing Financing Agency Data- House Price Index (definition below)

 

 

 

 

Sources:

https://www.advisorperspectives.com/dshort/updates/2017/07/25/fhfa-house-price-index-real-index-level-last-seen-in-august-2007

https://www.fhfa.gov

https://fred.stlouisfed.org/

http://www.macrotrends.net/1314/housing-starts-historical-chart

https://www.federalreserve.gov/releases/chargeoff/delallsa.htm

June 5, 2017

How to Avoid Common Spring Plumbing Problems

As the weather improves and temperatures rise, many homeowners learn that winter is not always kind to a house’s plumbing. Like other housing issues, plumbing problems are normally cheaper and simpler to fix when spotted early, so here are some tips to help you identify common plumbing problems that often appear in spring:

  • Check For Leaking Hose Bibs. The hose bib is the low, outdoor faucet where homeowners attach a garden hose. Winter temperatures may cause cracks or splits in the hose bib pipe, especially where the hose was not detached before the winter freeze. Unfortunately, many homeowners don’t realize the problem until spring weather thaws the pipe, revealing leaks and cracks.
  • Clean and Inspect Roof Gutters. Many times, autumn leaves and other detritus builds up in gutters during the winter. Rotting leaves, dirt, and other debris can clog both gutters and downspouts, resulting in puddles and floods as winter snow melts and spring rains begin. Cleaning and inspection of gutters and drains—and making necessary repairs—can often prevent flooding before it occurs.
  • Test the Sump Pump.When functioning properly, sump pumps move water out of low lying areas (often, a house’s basement) to a place outside where water can’t harm the home. The pumps don’t normally run in winter, when water is frozen, but spring snow melt can cause big problems if the pump is broken or defective. Test sump pumps, or arrange for professional servicing and maintenance, as soon as possible to prevent spring floods.
  • Examine Pipes and Faucets. Cracked pipes are a common winter hazard. Unfortunately, many homeowners don’t discover the problem until spring—often, after the pipe has caused a flood. Inspect all accessible pipes and faucets carefully after the weather warms, and pay attention to losses in water pressure, unexplained banging and noises in pipes, and other signs of potential problems. Call a plumber promptly if you notice a leak or signs of possible cracks in pipes beneath the house.

Plumbing repairs can be costly, but the costs increase the longer a plumbing problem goes unsolved. Mold, wood rot, and damage to a home’s foundation all result from plumbing problems left or ignored too long. This spring, inspect your house and plumbing carefully—indoors and out—to ensure the winter hasn’t left any cracks, leaks, or damage to your house’s vital systems.

 

May 18, 2017

March 2017 Housing Sales and Market Update For Washington, D.C. & Surrounding Area

4 Brothers Buy Houses is proud to share this update on current Washington D.C. area housing sales and market conditions.*

*Market information courtesy of RBIntel.com

In March 2017,Median Housing Prices Reached The Highest March Levels On Record

The March 2017 median home sale price in the greater Washington D.C. area was $420,000–the highest March median sales price on record (since RBI record keeping began in 1997).All housing types saw an increase in median sales price, with single-family homes showing the largest increase (7.8%) and condos showing the smallest increase – but even condominium prices rose by an average of 2%.

Overall sales volume in the region increased by almost 27% over March 2016 numbers, with closed sales of 4,450 overall – the highest March numbers in a decade. Properties sold, on average, at almost 98% of the listing price, suggesting that the Washington D.C. housing market remains strong.

Once again, Falls Church City was the region’s most expensive location (measured by average housing price), with March median sales prices of $605,000; Prince George’s County retained its position as the most affordable in the area, with median sales prices of $268,500.Individual home prices and neighborhood values vary.

Pending Sales and New Listings Increased in March 2017.

According to figures published by RBIntel.com:

The number of new listings in the Washington D.C. area also increased in March, with 47.7% more new listings coming on the market in March than in February of 2017.Although new condominium listings were down (by 8.1%), both townhomes and single-family detached homes showed an increase in new listings coming on the market last month. The sharp increase in new listings is common in spring, as better weather often brings more buyers into the market.

Pending sales at the end of March increased by only 1.4% over 2016’s March numbers, but still reached the highest March level in a decade.

Average “Days on Market” For Listed Properties Dropped in March 2017.

The median days-on-market for listed properties in Washington D.C. and the surrounding counties in March 2017 was only 15 days,13 days lower than the DOM for February 2017.The combination of increased total listings, increased sales, and lower days on market suggests a strong, fast-moving market in the Washington D.C. area this spring.

Fairfax County was the fastest regional market last month (median days-on-market: 11), while Falls Church City was the slowest-moving regional market, with a median DOM of 39.

Sales numbers vary from county to county, and even among neighborhoods. The speed and success of a housing sale is dependent on many factors, from listing price to home condition and comparable listings in the area. Your personal experience may vary, but knowing the average numbers is still helpful when making plans to sell your home, either through a realtor or to an investor.

May 6, 2017

How Much Do You Know About Real Estate Commissions?

Most people know that using a real estate agent to buy or sell a house involves a commission, but many buyers and sellers don’t know how much the commission is, who pays it, or when it’s paid. Here’s a quick and easy overview of the way real estate commissions work in many (though not all) residential housing sales:

What Is A Real Estate Commission, And When Is It Paid?

A commission is the fee a real estate agent agent earns for assisting a buyer or a seller (or both) with the purchase and sale of a home. Although the commission is sometimes owed (and must be paid) if the sale doesn’t close, in most cases the commission is due at closing and paid to the real estate agent(s) directly by the escrow company that handles the escrow in the sale of the home. (When houses sell without an escrow, alternative arrangements must be made if commissions are involved.)

How Much Is A Real Estate Commission?

Commissions are normally based on a percentage of the sale price of the home, and can vary substantially, either due to the custom in the geographic location where the home is located or as a result of negotiations between the seller and his or her listing agent. The commission amount is customarily fixed in the listing contract between the seller and the listing agent; however, in cases where there is no listing contract, the commission may be fixed by the purchase and sale contract between the buyer and the seller, or in another document altogether.

Who Pays The Commission?

The seller customarily pays the commission for both the listing agent and the buyers’ agent (if any), because the commission is taken out of the purchase price of the home. Although the buyer pays the purchase price (often partially through a purchase money loan), the amount the seller receives is reduced by the seller’s share of closing costs, any credits given back to the buyer, and the amount of the real estate commissions.

Real estate agents work hard to sell their listings, and to find their buyer clients the perfect home. However, if you need to sell your house quickly, and don’t want to wait on an agent, make repairs, or pay commissions, consider selling your home to 4 Brothers Buy Houses instead. We buy “as-is,” with no loan or inspection contingencies, and normally close the sale in just a few days. Click here for more information or to obtain a no-obligation quote from 4 Brothers Buy Houses today.

April 18, 2017

Modifications to Consider Based on Your Loved Ones Needs By Paul Denikin

Photo By: Pixabay

As your loved ones age, remaining in their home may be their desire, but there are certain modifications that will need to be made to ensure their home is safe, accessible, and meets their changing needs.

Evaluate the Home and Surroundings

An environment that doesn’t meet the changing needs of your aging loved one can prevent successful aging in place, but modifications can make it easier for your loved one to navigate through and live in their home. Modifications can range in size and cost, from a few dollars for a brighter light bulb to thousands for installing a stair lift or walk-in shower. To start the process of adapting a home to age in place, evaluate the home for potential necessary modifications. Cover all the bases by looking at stairs, light, doors and doorways, hallways, flooring, bathrooms, kitchens, and the home exterior.

After evaluating the home, take a look at the surrounding area to make sure your loved one is in an area with access to essentials such as healthcare, hospitals, transportation, shopping, entertainment, and senior agencies. Don’t forget about the safety of the area, too. Local police and neighbors will be able to provide insight into the crime rate and degree of safety in the area, as well as what measures, if any, are being taken to increase safety.

Target Specific Needs

One of the biggest challenges in modifying a home is identifying safety issues or concerns that are unique to your loved one based on their age or condition. To simplify the process, look for modifications that will solve a particular need or issue and then identify a solution, such as:

  • Balance/Coordination Problems – rounded counter edges; grab bars in the bathroom; stairway handrails on both sides; handrails that extend beyond the top and bottom of the stairs; elimination of stairs to bathroom and bedroom, if possible
  • Poor/Limited Vision – increase wattage of light bulbs; lights in all closets; well-lit stairs; stove controls (clearly marked, easy to see, big numbers, uses different colors to tell which parts are hot); outside walkways and entrances well-lit
  • Hearing Impairment – increased volume on phones; smoke detectors and alarm systems with strobe lights; quiet dishwasher to reduce background noise
  • Wheelchair/Motorized Scooter – floors are slip-resistant; knee space under sinks and stove; no rugs; ramp to front door with hand rails on both sides; wide doorways and hallways; roll-in shower; threshold on door is ¼ inch or less

Keep in mind that some modifications can be made yourself, while others will require the help of a contractor or professional. Consider leaving work that requires plumbing or electrical work to a pro, and handle small DIY projects yourself such as installing grab bars or placing non-slip tape in showers and bathtubs. Additionally, if your loved one ever relocates to a new home, consider calling in professional movers; they’ll ensure that any modification items you’re moving (like portable ramps or removable light fixtures) will arrive in one piece. Be sure to research movers before you decide on any particular company.

Remember the Exterior

The exterior of your loved one’s home can pose a safety hazard and make aging in place difficult, so don’t forget to asses the outside too. Steps and sidewalks can cause a falling hazard, so reduce the risk by removing steps or adding a low-step entry to make the transition easier going from outside to inside. Depending on the ground elevation, alternative doors may have to be considered to avoid steps. If steps are necessary, make sure they are textured and have hand railings. As for the sidewalk, make sure it is wide and free of tripping hazards such as overgrown shrubs or bushes.

Just like adequate lighting is important inside the home, it is important outside, too. Install lighting to illuminate walkways. Make sure there is a light by the entrance door, with preference to those that come on automatically.

As your loved ones ages, don’t forget about the challenges associated with outdoor maintenance. Low maintenance landscaping is key, as it reduces the amount of time required by your loved one and reduces the expense should they hire professional help. Suggestions for low maintenance options are shrubs and plants that don’t require watering, or synthetic grass to save the trouble of maintaining a lawn.

Modifying your loved one’s home to meet their needs is a process, and as their needs change, you may have to find other ways to help them adapt. Bring in a professional if necessary, and keep the lines of communication open with your loved one to ensure their home remains a happy and comfortable place to live.

April 15, 2017

5 Key Tips for Selling a House in Spring

As winter snow gives way to warmer temperatures, the housing market in Washington D.C. and the surrounding area also springs to life. Buyers take advantage of the better weather to start their search for a home; smart sellers use these helpful tips to make spring sales listings more attractive:

  • Clear The Yard And Plant Spring Flowers. Curb appeal helps sell a house at any time of year, but fresh spring flowers and a manicured landscape give your listing a special boost in spring, when many yards are still recovering from winter’s chill.
  • Brighten The Home’s Interior With Spring Colors. When staging a house in springtime, use light colors and fresh pastels to give your home a clean, fresh feel. Replace the bathroom and kitchen towels and entry mats with fresh, springtime colors that complement your home’s décor and add an attractive splash of spring to your home’s interior spaces.
  • Clean Windows And Install Spring Window Coverings. Windows get dirty during the winter, when storms and dust build up inside and out. Sparkling-clean windows and lightweight window treatments let in light and give your home an inviting feel that buyers appreciate.
  • Decorate With Flowers Or Balloons. Decorate your home before showings or open houses with a welcoming vase of flowers or a bouquet of colorful balloons. Colorful, welcoming decorations make buyers feel welcome and draw attention to your open house.
  • Price Your Home to Sell. No matter what the season, well-priced houses sell faster, and with less hassle, than overpriced ones. Pay attention to the market and set your listing price at a level the house’s location, size, and condition will support.

If you need to sell fast, and don’t want to wait on the housing market, consider selling your home to 4 Brothers Buy Houses instead. As investors, we buy “as-is,” with no loan or inspection contingencies, and normally close your sale in days instead of the weeks or months most sellers wait for a traditional sale. Click here for more information or to obtain a no-obligation quote from 4 Brothers Buy Houses today.

April 3, 2017

February 2017 Housing Sales and Market Update For Washington, D.C. & Surrounding Area

*Market information courtesy of RBIntel.com

In February 2017,Overall Median Housing Prices Rose, Achieving a Ten-Year High For The Month of February.

The February 2017 median home sale price in the greater Washington D.C. area was $390,700– a minor increase over January’s median prices and the highest median sales price for February in a decade.This increase was seen in all property types, with condos showing the highest overall increase (10.3%).

Sales volume also increased, with closed sales above both the 5 and ten-year averages for February. Properties sold, on average, at slightly more than 97% of the listing price.Overall, these numbers suggest a healthy housing market in the greater Washington D.C. area.

Once again, Falls Church City remained the region’s “most expensive”location (measured by average prices), with February median sales prices of $615,000; as in January, Prince George’s County remained the most affordable, with median sales prices of $265,000.Individual home prices and neighborhood values vary, but the average numbers demonstrate an improvement over both the five and ten-year averages for February sales.

Pending Sales and New Listings Increased in February 2017.

According to figures published by RBIntel.com:

The number of new listings in the Washington D.C. area increased in February, with 22.4% more new listings coming on the market this February than in January of 2017.All property types showed an increase in new listings, with the largest increase occurring in townhome listings, though single-family and condo units also saw an increase in new listings.

Pending sales at the end of February increased by 2.7% over 2016’s February numbers, and by almost 18% over pending sales reported at the end of last month.

Average “Days on Market” For Listed Properties Remained Unchanged.

The median days-on-market for listed properties in Washington D.C. and the surrounding counties in February 2017 was 28 days,six days shorter than the DOM for January 2017 and sixteen days less than the average days-on-market in February of 2016. Since lower days on market averages suggest a faster moving market, this is good news for the area housing market.

Falls Church City was the fastest regional market last month (median days-on-market: 6), while Fairfax City was the slowest-moving regional market, with a median DOM of 55 (though even that is still four days slower than the average DOM in February 2016).

Sales numbers vary from county to county, and even among neighborhoods. The speed and success of a housing sale is dependent on many factors, from listing price to home condition and comparable listings in the area. Your personal experience may vary, but knowing the average numbers is still helpful when making plans to sell your home, either through a realtor or to an investor.