As a seller, you have options when it comes to deciding how you want to market your home. With the pending changes coming, let’s talk about the pros and cons regarding a seller offering buyer agent compensation. Benefits of Offering Buyer Agent Compensation Enhanced Visibility and Increased Showings Lead to ...
Continue ReadingThe day that the new broke on the headlines, I recorded this quick 2 min video explaining what these changes are and what it may mean. However, nothing is finalized and changes won’t be effective until later this summer. Of course the headlines are not quite accurate, and many details ...
Continue ReadingRecently, the National Association of Realtors (NAR) reached a significant settlement in a commission lawsuit, raising questions and discussions within the real estate industry. Background: The lawsuit against NAR centered on allegations of anticompetitive practices related to buyer agent commissions. Critics argued that NAR’s rules restricted competition and transparency, ultimately ...
Continue ReadingWhat Lower Mortgage Rates Mean for Your Purchasing Power If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently ...
Continue ReadingExpert Quotes on the 2024 Housing Market Forecast If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking ...
Continue ReadingWhy Now Is Still a Great Time To Sell Your House If you were worried buyer demand disappeared when mortgage rates went up, the data shows there are plenty of interested buyers still out there. The housing market isn’t as frenzied as it was during the ‘unicorn’ years when buyer demand was through the roof, mortgage rates were ...
Continue ReadingHere are the numbers from the Dulles Area Association of REALTORS® for October. Price growth has moderated in some parts of the county and continues to climb in others. The countywide median price was $665,000 in Loudoun County in October, inching up just 1.5% from the previous year, a $10,000 ...
Continue Reading2024 Housing Market Forecast Some Highlights Thinking of buying or selling a house and wondering what the new year holds for the housing market? Experts forecast home prices to end this year up 2.8% and to rise another 1.5% in 2024. And climbing prices help make homeownership a good investment. Plus, home sales are projected to increase in 2024. That’s good news because it means ...
Continue ReadingSOLD for $895,000 with multiple offers. Congrats to everyone! UPDATE: Under Contract as of October 21. This charming home is an absolute dream come true. Meticulously updated and in impeccable condition, it has a brand-new roof, HVAC, and water heater, ensuring worry-free living. You will love the 4 spacious bedrooms, ...
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