DKG LIVING Real Estate BlogRecently posted or modified blog posts in the category - Housing Markethttps://www.donnakerrgroup.com/blog/Copyright DonnaKerrGroup.com2023-05-16T16:52:33-07:00tag:donnakerrgroup.com,2012-09-20:9940Ask An Agent: Top Real Estate Questions and Answers For Today’s MarketDonna Kerr Group agents discuss some of the biggest questions about real estate from clients in Silver Spring, Kensington, Bethesda, DC, and beyond.
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The real estate market in the DC metro area continues to boom. This surge in real estate success has created new opportunities and questions for buyers and sellers in the area. Broker and agent <a href="https://www.donnakerrgroup.com/agents/donna-kerr/" target="_blank">Donna Kerr </a>answered some of the top questions they hear from clients in today’s market.
“Homeownership is my ultimate dream, but I'm worried I won't be able to afford it.” - Beth in Silver Spring
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It’s a misconception that homeownership is not attainable for many. In fact, <a href="https://www.nerdwallet.com/article/mortgages/payment-buy-home">73% of future homebuyers</a> are unaware of low-down-payment mortgage options (some as low as 3%) and still believe they need the traditional 20% down payment to buy a home. Through down payment programs, first time home buyer programs, and more, it’s more possible than ever for many Americans to become homeowners.
Worried your offers won’t be considered in a competitive market? The truth is the right agent has local expertise and the skills to help you submit a winning offer with any sort of mortgage plan. It’s just one of the many reasons choosing the right <a href="https://www.donnakerrgroup.com/about/about/">agent</a> is vital.
“I love Donna Kerr Group’s home transformations, but in this real estate market, I have to wonder: Are staging and updates really worth it?” - Alison in Bethesda
<img src="https://assets.site-static.com/userfiles/1897/image/1897_1584_property_01-playford-20210603073405.jpg" width="1024" height="683" alt="Signature Donna Kerr Group twilight exterior photo" title="Signature Donna Kerr Group twilight exterior photo" />
It is a prime market for sellers in the DC metro area. With homes selling so quickly, styling a home for sale may feel unnecessary. However, our team handles everything in the home transformation process for you in a swift, cost-effective, and strategic way.
Our <a href="https://www.donnakerrgroup.com/sellers/signature-listing-process/">Signature Listing Process</a>, includes not only two agents but a team of in-house designers to transform our listings in simple and effective ways like a fresh paint palette, on-trend light fixtures, and a quick refresh in the areas that will maximize your return on investment. These changes significantly improve the bottom line.
The homes we list sell for an average of $22+ per square foot more than non-Donna Kerr Group listings in our main market. Even better, clients don’t have to worry about the process because we manage it for them from start to finish. Your home shines, you earn more on your sale, and our team is there guiding the process every step of the way. Why leave additional money on the table when you can increase your return in a process that typically takes one to three weeks? That’s why, Alison, our team answers with a resounding, “YES!”
“Hi, I think I'm ready to buy my first home, but I'm nervous with this market. Any advice?” -Jacob in Kensington
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First, Jacob, know that you are not alone being nervous about buying your first home. In terms of timing, the reality is there are many factors that make it a great time to be a buyer. Interest rates are great, home prices are only continuing to climb, and the right agent will advocate for you and help you get into a home you’ll love for years to come.
We are always here to help and would love to answer your real estate questions. Just send them to us <a href="https://www.donnakerrgroup.com/contact/">here</a>, and we may feature you in an upcoming Ask an Agent.
For more information about <a href="https://www.donnakerrgroup.com/sellers/sell-for-more/">selling your house for more</a> or to find out <a href="https://www.donnakerrgroup.com/sellers/whats-your-home-worth/">how much your home is worth</a>, <a href="https://www.donnakerrgroup.com/contact/">our team is ready to serve you</a>.
Ready to buy a home in Maryland, DC or Virginia? We’re ready to help! <a href="https://www.donnakerrgroup.com/contact/">Contact us</a> today so we can help you find the perfect place to call home.2023-05-10T18:00:00-07:002023-05-11T07:57:23-07:00Donna Kerrtag:donnakerrgroup.com,2012-09-20:12061Ask An Agent: Buyers’ EditionHow to Write the Winning Offer in ANY Market
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We’re hearing more than ever about potential homebuyers searching for the key to a winning offer. In this segment of Ask An Agent, we sat down with Donna Kerr Group Realtors <a href="https://www.donnakerrgroup.com/agents/katina-benenate/">Katina Benenate</a>, <a href="https://www.donnakerrgroup.com/agents/robin/">Robin Goelman</a>, and <a href="https://www.donnakerrgroup.com/agents/maura/">Maura Fitzgerald</a> to discuss some of their secrets to writing successful offers.
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“How do you help your clients build a strategy when it comes to finding the right home?”
“This market is chess, not checkers,” Katina explains. “That means timing matters. The right agent will help you be strategic and intentional with how you’re directing your time looking at homes. There are ways we can plan for you to be ready the moment a home you will love hits the market, leaving you feeling confident, not pressured.”
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“I’ve been told I’m not competitive in today’s market because I’m financing with a VA loan. Is that true?”
The VA loan opportunity is an amazing benefit for those who serve our military and should not be discredited. Maura recently had a client with a winning offer on a home using VA financing. “When it comes down to it, it's not about financing. It’s about the tactics to make your offer more competitive than the competition. What makes your offer the best? For every client I’ve ever had, it’s always something different. It’s my job to identify that secret power only you have and utilize it to help you win.”
In fact, many financing “truths” are things of the past in our current market. From the myth that homeowners need a <a href="https://www.donnakerrgroup.com/blog/do-you-still-need-a-20-down-payment-in-2021/">20% down payment</a>. That’s why it’s vital to find a Realtor who will advocate for you and the offer you’ll write together.
“At the end of the day, my reputation follows me with every single client.” Maura explains. “which means I need to do more than just writing a winning offer. It’s about the best solution for my clients, the best relationship I can have with the seller's agent, and the best experience for everyone involved along the way.”
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“Help! I’ve written six offers and they were all rejected.”
Robin reflects on a recent encounter with a friend and client-turned-homeowner. “They saw on my <a href="https://www.instagram.com/robingoelman_realtor/?hl=en">social media</a> that my clients are having success despite competing offers. They were curious how I was able to do it for my clients when they’ve been struggling to get an offer accepted for a while now. Do you know what my advice was? ‘Call me.’” Needless to say, Robin was able to get their offer quickly accepted.
Robin discusses the purpose with which she writes every offer. “There are ways to get creative. We shouldn’t just be checking boxes. We should be tactical.”
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“I keep hearing about these crazy escalations from the list price of homes and it has me worried. Does it all come down to how much I’m willing to spend nowadays?”
Many buyers believe the winning offer is always the highest offer. This isn’t always the case. Sellers often choose one offer over another for a multitude of reasons beyond the price. Our communication as a brokerage with our clients, other agents, and our team is one of our greatest assets. “I’m happy to spend time talking to a listing agent to give them ease of mind so that they know my buyers have the best offer, even if it’s not the highest one they’re being offered for the home,” Donna Kerr Group agent <a href="https://www.donnakerrgroup.com/agents/katina-benenate/">Katina Benenate</a> explains. “No more cookie-cutter offers. Every seller is different. I need to tap into what the seller wants so I can cater to them in my client’s offer.” <br /><br />Ultimately, the trust our Realtors build with their clients is fundamental to the success of the buyers. Katina continues, “The advice you give as an agent is only as valuable as its execution. That’s why it’s so important to have a connection with your buyers so they understand your direction and know they’ve got an expert in their corner.”
<img src="https://lh5.googleusercontent.com/XKHM-waTv-qR5I0ynxayCbYy5ucLoDyHjMN2p54sqPFK5g8vdrJz8bYvf04fjAVVZAVXO_E9cIM_acqdnM4giFp2P60X2e1lFejV9ov2x2xSZVh0pIrCPyTisBjufT8ICQqjmlWQ" width="624" height="469" style="display: block; margin-left: auto; margin-right: auto;" />
People keep telling me the way to get into a new home is to have a good agent, but how do I even know if I have a ‘good’ agent?”
A good agent is one that is more than an advocate for you. They understand the market and your assets as a buyer better than anyone else and they know how to utilize it to help you conquer any market. Just as we focus on helping you find the right home at Donna Kerr Group, we want you to have the right agent.
If you’re ready to be successful, <a href="https://www.donnakerrgroup.com/contact/">contact us</a>. Our team of <a href="https://www.donnakerrgroup.com/about/about/">experienced Realtors</a> can work alongside you to achieve your real estate goals.2022-03-15T11:40:00-07:002022-03-15T12:00:35-07:00Lifestyle Teamtag:donnakerrgroup.com,2012-09-20:11878A Chance To Own A Piece MoCo History: The Olney InnA Historic Bed & Breakfast Is On The Market!
<img src="https://lh5.googleusercontent.com/rWjVruLt_MvtrqnOwE_K4wwmAjC4LvYkqu8CSanqxiGpSGSmdl2l1-5V0rKA9YaZDH7xg37R4nPkt8_Yi0x_6J60ri7F3b0nQ13V4PY3Fpm2Y6kIWlizEYET5EoYVMBSp_3irGgt" width="624" height="423" style="display: block; margin-left: auto; margin-right: auto;" />
We are proud to be representing the seller of this historic home in Olney, MD. Currently being operated as the Olney Inn Bed and Breakfast, this home has been lovingly restored and cared for throughout the decades. This rare gem may be operated as a bed and breakfast with an established following, or kept all to yourself!
The History:
Combining modern conveniences with a rich history, Headwaters Farm was frequented by such notables as Winston Churchill, FDR and Eleanor Roosevelt. Home to Harold L. Ickes, US Secretary of the Interior, from 1933-1946, Ickes was a strong proponent of fair housing, civil rights and abolishing the detention of Japanese Americans and played a major role in creating programs that helped end the Great Depression.
<img src="https://lh5.googleusercontent.com/fD4kDyWZ6HT4oJM2uNymIJ6C9hkSwKAeVnVUREq0tOAp0dWQScVm-lOJuzWxDhKrfCRymGn9n1JaTOzCcXbhHgnDjmQ0PmDS3b1ux0GvmrCUunb_NclVfv6-O4vTaLnYj9uO07LQ" width="624" height="468" style="display: block; margin-left: auto; margin-right: auto;" />
The Rooms:
With such a rich history, it’s no wonder the guest rooms provide a history of their own.
<img src="https://lh4.googleusercontent.com/uzL_z3fNWPuhjNe0KO0Y1PF90sOyy7WcEsSs4NhRXI6R1ZxYAE3uclteehhb5D9jI6NWY1TLw5unRsS8PLmOUBFkvDQ_ZimF_toSug-mj-LikKR0dMAKi6fEPQF-9Gzh_tva0O5W" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;" />
The FDR Room is the very same room that accommodated the 32nd president of the United States, Franklin D. Roosevelt.
<img src="https://lh3.googleusercontent.com/jqCLOf1OTh5Zn-eaN4o2YqkBLjASb8nZWIMePdRDwj-ge2Yi_u-sjdWgQwyomixIURDMt99wf7GPq9diQxELXfyz-jn6zAvIub-FzV9UKiW8eLuT6cGk1ZvqXmIq48KwHglYyIrx" width="624" height="389" style="display: block; margin-left: auto; margin-right: auto;" />
The main house is big on space with over 6,400, above-grade, finished square feet with five expansive bedrooms, five full bathrooms, a half bathroom, a large light-filled sunroom, a well-equipped kitchen, stately living room and dining hall that can accommodate well over twelve people. The unfinished third level offers potential for even more living space.
<img src="https://lh6.googleusercontent.com/4-mTwENlpS2KivzsoUL8fvVcH2ElsxzEQXX7ClYUoowqJBWwI4k20sZVZkoEN87El2cMRgaLHAQGakC_oShoxyT9Yx2HSAizZIcS5mcKxWdvfOKk34rQ2-v5CwZFPqMdcQUnwQXw" width="624" height="400" style="display: block; margin-left: auto; margin-right: auto;" />
Three additional spacious and inviting rooms, The Eleanor, The Churchill (featured above), and the Fala (below), encompass the charm and beauty this unique property has to offer.
<img src="https://lh3.googleusercontent.com/CPJgAw_KlMjZay9LAueIa_rZDxSOmZG_60QNbSU_ZCvlfrQmbbCHyytGrPx0sOnuMXkwhxzEo2xH46phmW9byDNX5IMiAFWwtTc1KBUNHQtrFzVFF8SDQFCrYeM9JjNQn-2Nw0Jp" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;" />
Looking for an even more private bed and breakfast experience? The Carriage house (below) provides a private, separate building with three bedrooms, a living room, a full kitchen, and a laundry unit.
<img src="https://lh4.googleusercontent.com/8IJFDTHb5YXF-vPueae0yziSD-UAo2p-CqjLZ7Uu9rKkU4dT0aXW0O52ii82wYijxjOWy0XMNa2Eea6VEPtRcL2keyPSwfCrG5hPRFa08VlaAFH0iUsZ7iaGTNidHlrFD5ML7CvW" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;" />
The Amenities:
No bed and breakfast would be complete without amenities! This inn’s stunning courtyard features an immense pool and a year-round hot tub as well as an expansive array of outdoor lounging areas including front and back porches and outdoor private seating on the two-acre property.
<img src="https://lh6.googleusercontent.com/ZNu2eAwto87Ht-CyRBVDgqq2ZHPFWkO0F5Kc4ZjsXyCGbbOU693ar93RB4HfalNpNlJ3R8bZCTNW3deEEix73AG_7ZQm-zqe5PgBQr50kgpNsEV6lnWxFD2PvHqA9bVnC9RgkBSD" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;" />
Ready to buy your own piece of MoCo history? <a href="https://www.donnakerrgroup.com/property-search/detail/42/MDMC2036468/11-shallow-brook-ct-olney-md-20832/">Click here</a> for the full listing (including more beautiful photos!). You can also contact our expert listing agents, <a href="https://www.donnakerrgroup.com/agents/natalie/">Natalie Perez</a> and <a href="https://www.donnakerrgroup.com/agents/susan/">Susan Kirn</a>, for more information about this property or to list your own. <a href="https://www.donnakerrgroup.com/contact/">Start here!</a>
<img src="https://lh3.googleusercontent.com/Jbua8EiDFsjRdmlKxxk7w7rAcDCSvoK3BV9VZqhAGPxnC3BqKi0zLTsu30QD7rnOgZJrJmZONoqsbklZDpYtIQnoRgNV9GSFJMFkAYrUNJ390RgBmiI22A86Iiw1h1undoJlR4Xe" width="624" height="468" style="display: block; margin-left: auto; margin-right: auto;" />
Want more information about the Inn? <a href="https://www.theolneyinn.com/">Click here to learn more</a>.2022-02-21T19:37:00-07:002022-02-22T07:41:57-07:00Lifestyle Teamtag:donnakerrgroup.com,2012-09-20:5130Home Pricing MythsFour Home Pricing Tips DC Metro Area <br />Homeowners Must Know<br /><br /><img src="https://lh6.googleusercontent.com/5ZQeNzdGIs6YuN9fTbSqVyQYMRfVKXw10T7-nTUzBXX7-M_clp7rqpj72JT2gpwmR1tu3piwddUkhMSDRhYwyj-8rdKLLg4S7Fq0CyKN293wARz7TD6Xh1fFpRpJqpieMx_kUB_L=s0" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;" />
Determining the right list price for your home can be the difference between netting the optimal amount for a seller versus overpricing a home and having it sit on the market. Below, our team discusses four common myths home sellers may have about that all-important number.
Myth 1: I should price my house for what I think it’s worth and see how buyers react. I can always negotiate down if it’s not selling.
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Most people love their homes. And that’s understandable. But don’t let your emotions interfere. Setting a price too high is one of the biggest mistakes you can make. While homes may sell quickly, depending on the market, the last thing you want is a house that goes stale from sitting unsold, which ultimately nets you less than if you had priced it right from the start.
The truth is, evaluating the market correctly is the most important factor when choosing the right price point for your home. And when we say evaluating the market, we're talking about an objective, data-driven, first-hand examination of comparable sales in your neighborhood. That’s where Donna Kerr Group’s <a href="https://www.donnakerrgroup.com/about/about/">agents with local expertise</a> can help.
We know which sales in your neighborhood are relevant to your home. Yes, your home and the home that sold down the street may have the same number of bedrooms and baths, and similar square footage. But that doesn’t account for all the possible intangibles, such as the specific location of your home, its layout, its flow, its relationship to the yard, or even its exposure to the sun’s natural light. More than two decades of experience has shown us that a reliable price range is knowable. We also know that because of our home transformations, Donna Kerr Group homes in our main market sell for on average of $22-$43 per square foot more than non-Donna Kerr Group listings.
Myth #2: I can get the best sales price without having to put any money into my house before I put it on the market.
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Homes will sell in any condition, it’s true. But will you get the best net return? It goes without saying that a well-worn or dingy appearance, outdated light fixtures and lots of clutter can lower the sales price significantly. If your home is outdated, the buyer will factor in the cost to update when making an offer or not make an offer at all.
A good Realtor will be upfront with you about what you absolutely need to do to get your best offer. They can provide relatively low-cost ideas for <a href="https://www.donnakerrgroup.com/sellers/transformations/">showing your home in its best possible light</a>. Modest improvements, such as bathroom fixtures, an on-trend paint palette, new carpet or attractive landscaping can make a big difference in your home’s appeal. It can also make a big difference in the interest and views that you get online, which translates to more activity, more showings and ultimately a greater return.
At Donna Kerr Group, we’ve learned something important about buyers in the area: We live in a place where people are busy. They have demanding jobs, active kids, and plenty of interests outside their homes. Most shoppers are looking for a house that’s ready to live in. Buyers would rather pay more for a home they don’t have to update. They are just not interested in a lot of fix-up work. Or, in case they are, they want a significant discount for having to do the work themselves.
When considering the best way to present your home, we draw upon the skills and experience of Donna Kerr Group’s in-house Listing Experts and Design team (see our <a href="https://www.donnakerrgroup.com/sellers/transformations/">incredible transformations here</a>). When a seller elects to make updates, we manage the entire process for our clients, from meeting and recommending the updates, to getting estimates, managing contractors and quality controlling the entire project. Whether you’re living in the property or living abroad, we take on all the details so you don’t have to. And before we put a home on the market, we provide top-notch staging.
It’s all about making your home look as appealing as possible — and, in the end, getting you the best possible return on your investment. Donna Kerr Group’s focus is to Sell For More!
Myth #3: If I put a lot of money into renovating my house, I should be able to get that back when I sell it.
<img src="https://lh4.googleusercontent.com/ZXMZkbo6A30hNfnnVKF_5LO9LouEnDQWuePbG8AztSv0QQOTA7k537ekNKDQ9q7ihlz2tHwPbExUPtg072tHgAn1oKdqGKy-GwBq2OirtoDLd9V0WGQ0_APT0_EMLddTnFhcz6zd=s0" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;" />
True but not so fast. Not all updates are created equal and the style and design of updates, from what projects you do to what color you paint, are critically important to achieve the maximum return on your investment. A newly renovated kitchen may attract more potential buyers to your home, but that doesn’t mean you’ll be reimbursed for every penny you’ve invested. You might have been better off painting the cabinets or replacing the counters in order to invest the rest of your budget into something else. It all depends on the right strategy for your unique home. For most, that includes neutralizing a potential negative before accentuating the positive in your home.
In general, making kitchen improvements is often a good idea. Upgrading a bathroom is often smart, too. But when considering renovations, make sure you get expert advice because every neighborhood has a price ceiling. You don’t want to be the most expensive house in the area. Sometimes smaller investments show the highest returns. An on-trend paint palette, updated lighting and carefully chosen kitchen tile may be all that’s needed.
Myth #4: I can get an accurate estimate of my home’s value online.
<img src="https://lh4.googleusercontent.com/us_diZPgIUKS5_JTLyrQovP3eislu1T7T4jF8n8Oe58nGPF_r7HM9NKZVJwbkPWaqiskoDuqDQ7qnPBGTXoSrvmLg8b1EzTTTCKUnDTLBKyMy2jx7HZRuwvBTbn9VXDUvVumw_Lj=s0" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;" />
Many clients come armed with a number from a website with a high and low price range that can exceed $100,000! Those figures are created using an algorithm that won’t factor in recent improvements to your home or neighborhood. What about the location of your home on the street, the new bathroom you added last month, the new park or bike trail that’s opened nearby or the new school located<a href="https://www.donnakerrgroup.com/dkg-blog/choosing-a-new-school"> </a>just a block away?
A real estate agent who’s visited your home and knows the surrounding neighborhoods like the back of his or her hand is your best source. More things to consider: You may also live in a neighborhood where sales have started to slow. Or your house may have qualities that are unique to your neighborhood. In those cases, there may not be comparable sales in your neighborhood and that can significantly skew your estimate.
<img src="https://lh6.googleusercontent.com/76I9XvQp9Ff6uSQU7Y4634nli_Kyrzm-wPJUx7T1ddkpwie7EtZAL0DBxwvn3wcCesN0bZHhY4YR0KjTpnbDe8YiVMfHKfNEPQGNDX_lx2odBTVTmJeINIPEQa-1HX0mu1ts-qLo=s0" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;" />
Pricing your home correctly is one area in modern life in which a savvy human — <a href="https://www.donnakerrgroup.com/about/about/">your Realtor</a> — armed with the right data and knowledge of the local market wins every time!<br /><br />The fastest way to get started is to <a href="https://www.donnakerrgroup.com/contact/">contact us</a>.
2021-09-01T05:22:00-07:002023-05-16T16:52:33-07:00Donna Kerrtag:donnakerrgroup.com,2012-09-20:10211Do You Still Need A 20% Down Payment?Experts Discuss How Much You Really Need
One of the first questions potential homeowners ask is: “How much do I need for a down payment?” We’ve helped many clients make home buying a reality. Unfortunately, many waited much longer than they needed to, believing they couldn’t enter the market without a 20% down payment. We dive into the issue below!
<img src="https://lh3.googleusercontent.com/OR9VWSN4wZjcjvhQICKFra9nufaSMQiQyv5vgWqyJWGrmOegFqYVbAk2ouePQumqlu3cQQ3C2Xe392fkDe8VoWXK27oaeLk6n0_PDvm65DpgPvFI6N3BezMjZex8shvwmbST0qLX" width="472" height="354" style="display: block; margin-left: auto; margin-right: auto;" />
Do I Need 20%? Is That the Best Strategy?
The right agent will help you determine the best strategy and guide you through the entire process. They will also connect you with an expert lender to be part of your home buying team. “The rule of having a 20% down payment is an outdated myth,” says our trusted local lender <a href="https://www.kerinsmortgage.com/">Kathleen Kerins</a>. “Just a few years ago, the required monthly mortgage insurance buyers needed if they put less than 20% down was three times higher than it is now. So, many of the norms in real estate financing have changed. Now, I often encourage my clients to be creative. Use the money they would use for a down payment in a way that will give them a competitive edge in the market.”
Some homebuyers believe they will be more competitive with a larger down payment, while others are proposing a lower down payment, allowing them to escalate their offer. “It’s not just checking boxes for a client,” Kathleen explains. “It’s about identifying the best plan so our clients win.”
<img src="https://lh5.googleusercontent.com/GjKzAUT9p36AN1Hw4VhMOyaf0fHpFAQ57t2ZDLtouMI3oN8PQi3vnZIKe7Shpn4JPvx-nCUDPksgCkuHzGJWK7TzUNRCm1rnOXVMMunwx1KTJo__Wi_Nb3dwJFALSoQBu4qn2Iw-" width="451" height="338" style="display: block; margin-left: auto; margin-right: auto;" />
Different Priorities, Different Down Payments
While first-time home buyers may benefit from programs allowing as low as a 2% down payment or no down payment at all, it will obviously lead to a higher monthly mortgage. Donna Kerr Group agent <a href="https://www.donnakerrgroup.com/agents/jim/">Jim Holland</a> concurs that it’s a very individualized strategy, one that can be thought through as a team. As Jim points out, some clients have enough for a large down payment but, with interest rates so low, decide to make a smaller down payment and invest the rest.
<img src="https://lh6.googleusercontent.com/hfPxBqVDVNNC9prnBUxRcpzlx2IcR8YktN9AZG5-BLViIA7esXVftVsgB5YoLr860Iwtjrv8V-UL1T812H4CbkSdQXCF0mjCVjE4o-YiOM-IK1KFzc27FmTOz8U0780Qr4KPFtCr" width="471" height="354" style="display: block; margin-left: auto; margin-right: auto;" />
When Is the “Right” Time to Buy?
This question is frequently on the minds of potential buyers as well. While home prices are strong, mortgage rates are still spectacularly low which is why so many clients are finding it a great time to buy. Historically, home prices have continued to rise in the DC metro area. So, while you may be waiting for the market to “die down,” the reality is the market is very much alive.
<img src="https://lh4.googleusercontent.com/pg6KCkebMhmz38cH4H2yH0bc0PlnOQTpyOW0toYZG5C4b1e7mVmvkGAYu_liKKQ_Iic-IGv7AKDCkacNzlX2DSO3H7AjzXSTQfuHuW6DtYXJB3_4Z94LSzVd81zXyTo_fewROo-g" width="473" height="354" style="display: block; margin-left: auto; margin-right: auto;" />
The Takeaway
While the magic number for your down payment may be higher or lower than the dated tradition of 20%, speaking with an <a href="https://www.donnakerrgroup.com/about/about/">experienced agent</a> about your financial situation and your ultimate goals will allow you to construct the best plan of action.
<a href="https://www.donnakerrgroup.com/buyers/buying-with-dkg/">Want to learn more</a>? Our team of agents is ready to assist. <a href="https://www.donnakerrgroup.com/contact/">Contact us today</a> so we can guide you through the journey.2021-07-16T15:27:00-07:002022-04-29T11:36:46-07:00Donna Kerrtag:donnakerrgroup.com,2012-09-20:7874I’m A Renter. How Much Home Can I Afford For $3000 A Month?Donna Kerr Group Agents Maura Fitzgerald and Jim Holland answer one of the top questions renters and potential homeowners face in the DC metro area.
<img src="https://lh3.googleusercontent.com/devLyf_4ohPKmFgq24UNdnysCjg8EzbgnnDTCsKvseEY2qom2DtoGOLqftjerH87lh1d_UskW6KX8RR1MvEKrrIAXMRuSiHcLxN5M9UCKu40W2k0CObE9GVrkg0ikRu8Hu9RLocM" width="624" height="468" />
As Realtors, we are often asked that very question. Many people want to start the financial investment in their future but have no idea how much home they can purchase based on their current rent. To help answer that question, we took a look at what a renter might pay and then different home options that would fit that budget in a mortgage payment.
There is a wide range in what the “average” renter in the DC metro area pays monthly for a two-bedroom space, with figures ranging from the <a href="https://www.zumper.com/rent-research/rockville-md">low $2,000s</a> to <a href="https://www.apartmentlist.com/renter-life/average-rent-in-washington-dc">the $3,000 on up</a>. To make it simple, we showcase homes that would translate to roughly $3,000 in a mortgage payment. Just remember that interest rates fluctuate and other factors can affect your actual payment, but these examples are a good starting point.
As you might imagine, there is quite a range depending on personal preference from a condo in DC to space to spread out in the suburbs. Join us as we take a look at the range of possibilities!
Our first property is a condo in the heart of DC and is truly a spectacular find.
<img src="https://lh3.googleusercontent.com/MDQrjPol3cWJA_Bg5kv-eg_qlXeUl3vVVXgb5W0ZMjHR3j499WXyl6zs8uT-hIr0JiVZlpvYokZ1JebS-T3UC-N470PsXWQuc0awB-de4DhlNtdGAo1HwX12gFVYE2tYuVyygTeZ" width="624" height="416" />
With just under a thousand square feet, this two-bedroom penthouse condo has it all: Beautiful hardwood floors, an open concept living room with a wood-burning fireplace, and a spectacular view from the balcony.
<img src="https://lh5.googleusercontent.com/srv-LJ52rOHcYtsrKouMLTMSXrJ8urtFCVwhGwmP7B3EPUv1X4Zx3sOf6vhu_8utTE8uGFwmVp8r9vCThiCvF8B_rUmCrBSZ5Q_oBwoD8Rnfw0znzvpk88OsY4k8bFC7Hq88cb2a" width="624" height="416" />
The home features a true owner’s suite with soaring cathedral ceilings, an expansive walk-in closet, and a full en-suite bathroom.
<img src="https://lh4.googleusercontent.com/lhCok1nrsBlLZL8oGxPTuuF24eUy9GkOUm9f8LtmVU4TinsMTu2iXLcJpCJ9tuXAK3CaKJiuKTp9WPgRwyWCmW_LyuFmsCQQqEWjyFnn4J-UyY4Ll_WFos1TuWB0oUhUhFxwTt79" width="624" height="416" />
Garage parking, additional storage, and a prime location moments from the metro and a wide variety of shops and restaurants make this condo a perfect place to call home.
<img src="https://lh6.googleusercontent.com/XzQpd5Ct5VLwUiiKhNuZRC--OEB2KRmeNJhTYuyjJ0eTlGW2--7M3MRWWwkyTa34lYNZ2TMRvfamqVG624CuENXlxgUuy0Pcryvgrh4UbsjqHfbKVBv_Aw5NZhRcFMiJNn8dwUQ2" width="624" height="416" />
This home was listed for $599,000. If a buyer put a little over 10% down, their monthly mortgage payments could be close to their current rent.
Alternatively, a single-family home in Silver Spring may be the ideal place to call home.
<img src="https://lh5.googleusercontent.com/G_vatzCrmL14BNDFhqdxVlDT984AVXMomld06aQ_dG0-OvAU9ch78rGZxCt7hujwuiXubLvYjHjkx29WS7nIVMoc3Ud1gsVs3PKWCbXqZDMsbJt9NphxXf7EFeDcrZZFnkUC1R6v" width="624" height="416" />
This quintessential Cape Cod has about 1,600 square feet and is on a quarter of an acre of land. If you’re looking for a fenced-in yard or some extra bedrooms, this home is the perfect option.
<img src="https://lh3.googleusercontent.com/CJNx07Yy7QYJS9u-ZiM6TEdlugmBYUTJg0UeH7O4otc5WmKkqfxQBKoxcuDYuv60NtHAlXRCtQ4JtXIQbNMmrWXn0a6-1SKyUNiqXlLTe9c9_SKbRceLRQpj_2dV8uyEP7ZrIE_l" width="624" height="416" />
With a light-filled den, a timeless wood-burning fireplace, and a refreshed kitchen with quartz countertops, this home boasts some major selling points.
<img src="https://lh6.googleusercontent.com/80AJ8KR4ZOebYiUIrmUDe_9OwEkPpYTVfqOA_dn2xpynqy9-ffJkOH1u7Wl1nP27nPPRUm8eXq_GD_29tXxonYKTNKID4E8blvgT3gO88iO5L_GmVq9-DQhq7rxp2M2UoyK3ADY_" width="624" height="416" />
Located just around the corner from Argyle park, a mile from Forest Glen Metro station, and minutes away from local restaurants and downtown Silver Spring, this home has a lot to offer!
<img src="https://lh5.googleusercontent.com/GVgVTcPS7nr4_hhvkybXZbJRhaXZNgmuN9zQAnNtDkA31ewdlIzHjSNydTkEK96n53HcoUT7Pi1Mjln_U6dxGzr2VcbR3a01VreU7tpy5Jv5X44Pum3xEGeJcbg2ehO8OJdSE5x6" width="624" height="416" />
Listed at $500,000, this home could be well within your budget.
As we conclude our investigation, our team takes a look at another beautiful center hall colonial.
<img src="https://lh4.googleusercontent.com/g0rtxTEIJEnsvNAYQyCHTtnSlZsoC-Hie2QeWK5y9osHT4vLbZVYvSkn7NgAMG-OZSIOJTz1jRTifvo-eMUJF6xuoPsnWQOakNgWRr3a9dtPGwEHi1Ib8gW_dQOXMv5c8mBuEftY" width="624" height="416" />
Located in the coveted Woodmoor neighborhood, at just under 1,300 square feet, and boasting three bedrooms, this is truly a beautiful place to call home.
<img src="https://lh5.googleusercontent.com/PE2UEpc5QWiwOK7bsczKRs_nHRx51c7ydpLMUps0QFKc-IK6bwU8iWtsc-fNhZK5qVp-B-3PwUWH2jggK3KR1V2A-7-08X-6IkWcC1kJYFdQkg9qoHxyTOBexvNWsKo8UPIhe-k1" width="624" height="416" />
With an oversized screened-in porch and direct access to the fully fenced backyard, the outdoor living space is unmatched.
<img src="https://lh5.googleusercontent.com/oclnMibsiRdNnuI2G7nC_Qwj5m9oipIfl3f6nuKpRPds-9NDAGbGcxclC3-j5BpVyjUGst316UgulTvQcJRI5UnHCpIHkrmxwWa_IZ2zWszJnDSUqHIo6LQkLb86YBClyF_1_YcV" width="624" height="416" />
The kitchen has been fully renovated as well: Stainless steel appliances, stone countertops, and a full pantry with access to an oversized recreation room.
<img src="https://lh3.googleusercontent.com/ic8q5P_8MqEXEyh4JJgdABJoPhWLh4-wLHpSsnBC1KkoIfU7ij09NTtX8avV-djxcuSelY6ldlmFOr2uTpfYPMfvqfRXhdXUxwDo-JZt92QuUgyquU1K3NWr_2HOnHxxaleUKrjD" width="624" height="416" />
Located just a couple of minutes from major commuter routes and just moments away from the very popular Woodmoor Shopping Center, this home in Silver Spring has it all.
Bottom Line
Whether it’s a family home to plant roots or a posh condo with a sweeping view, homeownership can enrich your life in ways beyond the financial investment. It’s evident that there are many options to call home in the $3,000 per month range. We can help you figure out exactly what you can afford and find that perfect place to call home.
You can reach out to <a href="https://www.donnakerrgroup.com/agents/maura/">Maura</a>, <a href="https://www.donnakerrgroup.com/agents/jim/">Jim</a>, or another talented member of our <a href="https://www.donnakerrgroup.com/about/about/">team</a>. Even if you’re not quite ready, we are always happy to talk or provide additional resources. Contact us <a href="https://www.donnakerrgroup.com/contact/">here</a> or check out more information on our <a href="https://www.donnakerrgroup.com/">website</a>.2021-05-19T12:28:00-07:002021-06-29T06:15:19-07:00Donna Kerrtag:donnakerrgroup.com,2012-09-20:7648Selling Your Home In The DMV: Top Questions & AnswersListing Expert Agents Natalie Perez And Susan Kirn Answer The Top Questions Clients Have About Selling Their Homes In The DMV Area.
<img src="https://lh4.googleusercontent.com/8lAMc5XzDgfw0oIpcflO0D1ZnNy2G7ggBWIcstEeBcsJngxg0ktqnMsV6K1YcHAQtxuh78TtyVuGWCvyCoSmUY2Lhr8kBdNmeP9_OLlo8nx4xWBeczp0q1sN6eJpkObQDqDYllgN" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;" />
Simple changes like on-trend lighting, updated cabinet knobs, and a refreshed backsplash can create a huge impact for buyers.
It’s no secret that the real estate market is booming in the DC Metro area. This surge in real estate success has brought the thought of selling to the forefront of more homeowners’ minds. Listing expert agents <a href="https://www.donnakerrgroup.com/agents/natalie/">Natalie Perez</a> and <a href="https://www.donnakerrgroup.com/agents/susan/">Susan Kirn</a> discussed some of the top questions they hear from their clients in today’s market.
“Hi Donna Kerr Group, I’m a huge fan of the transformations you guys do, but I have a pretty small window of time to sell my home. Doesn’t all that work take a lot of time?” -Brent in <a href="https://www.donnakerrgroup.com/downtown-silver-spring-real-estate/">Silver Spring</a>, MD
At Donna Kerr Group, we are known for showcasing our clients’ homes in the best way possible and our <a href="https://www.donnakerrgroup.com/sellers/transformations/">transformations</a> are a significant part of that process. It is a misconception that it takes a great deal of time and money to transform a home. From our design and staging team to our photography and more, we handle the process from start to finish with our in-house team and a few trusted partners, which is why we produce consistent results seamlessly and can get your home market-ready so quickly. We work with each client’s budget and time frame to work our real estate magic, typically within one to three weeks.
<img src="https://lh6.googleusercontent.com/oA2O_4EMHi3WzNXLuHrZa9fwU3RAYi6BbhnZ09_rV6lNSplQs4FJv-Jt4C9LwV3sptTPFTdP1WmhxR_uTJRMuj71dbh7H7yGWzo7NEmnctQJtEP5d-Blfs1i8Nf2Y0pEBEJNIJLS" width="624" height="416" />
Our in-house signature twilight photography guarantees that each Donna Kerr Group listing truly shines on the market.
“I know the market is really hot right now for sellers. Do I really need to ‘prep’ my home and stage it to make it ready for the market?” -Cathie in <a href="https://www.donnakerrgroup.com/bethesda-real-estate/">Bethesda</a>, MD
It is a wonderful time to be a seller in the DMV. Homes continue to sell rapidly. With home inventory as low as it is and homes selling so quickly, styling a home for sale may feel unnecessary. At Donna Kerr Group, we know how much our process adds to the bottom line, regardless of what’s happening in the market. Styling your home in simple and effective ways like a fresh paint palette, on-trend lighting, and a quick refresh in your bathrooms and kitchen can significantly improve the bottom line of your home sale. Our houses sell for an average of $22+ per square foot more than non-Donna Kerr Group listings in our main market. Even better, clients don’t have to worry about the process because we manage it for them from start to finish.
<img src="https://lh4.googleusercontent.com/OboGDrfqKxB9w5-xD1fgypRi4w3tqoTWUJrbcgDlrJTnEyYIOy42wLDWiiwvKnP8-iV3qvkt0mcPtWR-pnFL2EdAOqehzaUj2gk3sQeKES6fewpujUX0HhHPbqhRO0ABbB80v1fb" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;" />
Styling and design maximizes the potential for each home we sell.
“I hear the Spring is the best time to sell, is that true?” -Amy in <a href="https://www.donnakerrgroup.com/takoma-park-real-estate/">Takoma Park</a>, MD<br /><br />Our team of real estate experts understands that there is no such thing as the one “right season” to sell a home. Rather, the “right time” to sell is when it suits the seller best. Currently, the market is proving to be an amazing time to sell. If you’re able to take advantage of it, it could be a truly spectacular opportunity for you as a homeowner. We’re ready to help you through the entire process and make sure you have the resources you need to ensure your <a href="https://www.donnakerrgroup.com/buyers/buying-with-dkg/">home buying experience</a> is just as successful as your home selling experience.
If you have a question about selling your home in the DMV, feel free to contact Natalie and Susan directly at <a href="mailto:sellwithus@donnakerrgroup.com">sellwithus@donnakerrgroup.com</a>. For more information about <a href="https://www.donnakerrgroup.com/sellers/sell-for-more/">selling your home for more</a> or to find out <a href="https://www.donnakerrgroup.com/sellers/whats-your-home-worth/">how much your home is worth</a>, <a href="https://www.donnakerrgroup.com/contact/">our team is ready to serve you</a>.2021-04-05T11:21:00-07:002022-04-04T08:55:22-07:00Donna Kerrtag:donnakerrgroup.com,2012-09-20:5089'The Market' Housing Update MayDKG's Monthly Housing Market Update<br /><br />What a whirlwind month it's been since the<a href="https://www.donnakerrgroup.com/blog/the-market-housing-update-april/"> last time we updated you </a>on the local real estate market.
This month, we wanted to compare what we saw last month versus what we're experiencing in May. As we continue to operate as an essential business, sales are thriving and sellers are enjoying the fruits that a low-inventory market brings. In fact, since the onset of COVID-19 locally in March, The Donna Kerr Group has listed and sold 23 homes!
And, activity has picked up amongst all price points significantly....we're turning a major corner! As we realize that social distancing is our new normal, both buyers and sellers are adapting as they continue to navigate potential real estate transactions.
The biggest takeaway is while the news and other media might have some folks thinking that the real estate market is on a decline, we're here to dispel those myths and give you the facts!
Check out the video!
2020-05-18T10:46:00-07:002022-02-21T13:34:17-07:00Michelle Cianfranitag:donnakerrgroup.com,2012-09-20:4970'The Market' Housing Update AprilWow, this month's market update is certainly unique amidst the world's current circumstances.
This month, we wanted to bring you a special report on how DKG, operating as a deemed essential business, is evolving in response to COVID-19 and what impacts the virus has had on the local housing market.
We've implemented several new policies and initiatives across our brand to keep our community healthy as they buy and sell homes. From innovative virtual open houses to interactive seminars, we're doing everything we can to follow CDC social distancing guidelines as we continue to be of <a href="https://www.donnakerrgroup.com/sellers/client-speak/">service to our clients.</a>
Surprisingly, the market continues to be quite active. Buyers who need or still want to make a move due to work or other life events are fueling a robust seller's market where we've seen several multiple offer situations and record-low days on the market. In fact, during the last week we've had one Silver Spring property go under contract in only three days!
Antsy buyers-- fueled by the Spring timeframe and historically low interest rates-- are competing over very limited inventory, suggesting that now may be as good a time as ever to list your home!<br /><br />
<a href="https://share.hsforms.com/1gl6C7Xf-SMm5iOz87v9NLw33662?__hstc=64319930.a4fdb4badb59531cbb451d9195c99f89.1590326551229.1591605307087.1591620811473.36&__hssc=64319930.1.1591624023059&__hsfp=1259708029&hsCtaTracking=ac101654-fa54-4f94-8cd1-1eb1bf55897b%7C19b48cba-9e37-4e12-939b-30936d83d0e4"><img src="https://assets.site-static.com/userfiles/1897/image/Blog/ac101654-fa54-4f94-8cd1-1eb1bf55897b.png" width="284" height="84" /></a>2020-04-16T11:11:00-07:002022-04-11T14:20:59-07:00Michelle Cianfranitag:donnakerrgroup.com,2012-09-20:5095'The Market' Housing Update FebruaryDKG's Monthly Housing Market Update
It’s getting a little crazy out there!
That’s the message this month from DKG listing agents Natalie Perez and Susan Kirn, who share the news that inventories of homes for sale have reached a multi-year low.
A big part of the equation involves <a href="https://www.donnakerrgroup.com/blog/millennials-skipping-starter-homes/">millennials</a> who are flooding a market that’s already acting like spring. Inventories are about 14% lower than this time last year. Home prices, in turn, are up more than 3%.
In one recent case, a home listed by the Donna Kerr Group received 15 offers. About half came from <a href="https://www.donnakerrgroup.com/blog/are-you-one-of-the-46-million-millennials-who-are-mortgage-ready/">millennials</a>. So, as our market experts agree, if you’re contemplating a home sale, now is the time!
And if you think you may not be ready, remember our specialty: <a href="https://www.donnakerrgroup.com/blog/a-look-back-at-some-dkg-2019-transformations/">transforming homes for sale</a>. Whether guiding updates kitchens or bathrooms, managing <a href="https://www.donnakerrgroup.com/blog/top-three-renovations-for-potential-home-sellers/">renovations</a>, or providing complementary staging, we’re happy to lead the way!
Check out the video!
<a href="https://share.hsforms.com/1gl6C7Xf-SMm5iOz87v9NLw33662?__hssc=64319930.2.1591006423822&__hstc=64319930.a4fdb4badb59531cbb451d9195c99f89.1590326551229.1591002435094.1591006423822.18&__hsfp=1259708029&hsCtaTracking=ac101654-fa54-4f94-8cd1-1eb1bf55897b%7C19b48cba-9e37-4e12-939b-30936d83d0e4"><img src="https://assets.site-static.com/userfiles/1897/image/Blog/Ready_to_sell_for_more.png" width="284" height="84" /></a>2020-02-17T06:35:00-07:002022-02-21T11:37:50-07:00Michelle Cianfranitag:donnakerrgroup.com,2012-09-20:5099'The Market' Housing Update JanuaryDKG's Monthly Housing Market Update<br /><br />Was the housing market strong in 2019?
Definitely.
Will the trend continue in 2020?
Sure looks that way!
In our newest episode of The Market, listing agents Natalie Perez and Susan Kirn explain why 2019 was a year to remember – and why the next 12 months should offer more of the same.
In 2019, MoCo home sales were up by more than 12% compared with 2018. Sale prices were higher, too. It was an ideal mix: low interest rates, limited inventory and high demand from buyers.
Susan Kirn and Natalie Perez share predictions from the experts, who say 2020 and 2021 are looking like terrific years, particularly for sellers who can expect their sale prices to keep climbing.
Check out the video!
<a href="https://share.hsforms.com/1gl6C7Xf-SMm5iOz87v9NLw33662?__hssc=64319930.1.1591030625286&__hstc=64319930.a4fdb4badb59531cbb451d9195c99f89.1590326551229.1591025028209.1591030625286.20&__hsfp=1259708029&hsCtaTracking=ac101654-fa54-4f94-8cd1-1eb1bf55897b%7C19b48cba-9e37-4e12-939b-30936d83d0e4"><img src="https://assets.site-static.com/userfiles/1897/image/Blog/Ready_to_sell_for_more.png" width="284" height="84" /></a>2020-01-19T14:49:00-07:002020-06-01T10:11:37-07:00Michelle Cianfranitag:donnakerrgroup.com,2012-09-20:5119November Silver Spring Housing UpdateWhat's going on with the Silver Spring housing market?
The rumors are wrong. Winter can be a great time to sell! Susan and Natalie are back again, and this time their Monthly Mixology Market Update debunks the cliché about winter being a bad time to put your home on the market.
Three great reasons to consider selling in winter:
First, keep in mind inventories are low during the chilly days of fall and winter. That means you’ll face less competition from other sellers.
Second, not all buyers hibernate in winter. And winter buyers are often highly motivated. Think of it this way: If a buyer is visiting houses when the temperatures go south, they’re not messing around.
Third, winter offers a chance to show off the cozy character of your home. Think crackling fire. Or holiday decorations. And as we show off your property, let us point out to buyers how you’ve smartly winterized your home.
There’s more to say on the topic. But our Monthly Mixology Market Update hosts have also come bearing a gift: a mean recipe for winter bourbon smash! Think Grand Marnier … orange juice … raspberry preserves … and your favorite bourbon. That’s one way to warm hearts in winter!
'‘Tis the season for possibilities!
<a href="https://share.hsforms.com/1gl6C7Xf-SMm5iOz87v9NLw33662?__hssc=64319930.9.1591248450901&__hstc=64319930.1673299d56795f83d621adabc1eab0dd.1591245239664.1591245239664.1591248450901.2&__hsfp=3398855397&hsCtaTracking=ac101654-fa54-4f94-8cd1-1eb1bf55897b%7C19b48cba-9e37-4e12-939b-30936d83d0e4"><img src="https://assets.site-static.com/userfiles/1897/image/Blog/Seller contact us.png" width="284" height="84" style="display: block; margin-left: auto; margin-right: auto;" /></a>
2019-11-18T12:13:00-07:002020-06-04T00:05:20-07:00Michelle Cianfranitag:donnakerrgroup.com,2012-09-20:5127October's Silver Spring Housing Market UpdateThe Low Down On Silver Spring's Housing Market
You know what they say: numbers don’t lie. And this month, in their Monthly Mixology Market Update, Natalie and Susan share some good ones!
Here’s one: 9.4%. That’s how much sales are up compared to last year in Montgomery County. Here’s another: 3.57%. That’s the current interest rate on a 30-year mortgage. These indicators are just more proof that the housing market is strong in Montco, especially for sellers.
But while you’re chewing on those tidbits, here’s another important fact, courtesy of our hosts: with the holidays approaching, you can’t go wrong with sangria! Natalie and Susan top off their real estate report with a tasty concoction for family gatherings or visiting guest. It’s easy. It’s fruity. It’s fun. Bring on the holidays!
<a href="https://share.hsforms.com/1gl6C7Xf-SMm5iOz87v9NLw33662?__hssc=64319930.1.1591285099269&__hstc=64319930.a4fdb4badb59531cbb451d9195c99f89.1590326551229.1591086624639.1591285099269.23&__hsfp=1259708029&hsCtaTracking=ac101654-fa54-4f94-8cd1-1eb1bf55897b%7C19b48cba-9e37-4e12-939b-30936d83d0e4"><img src="https://assets.site-static.com/userfiles/1897/image/Blog/Ready_to_sell_for_more.png" width="284" height="84" style="display: block; margin-left: auto; margin-right: auto;" /></a>2019-10-20T06:45:00-07:002020-06-04T08:52:34-07:00Michelle Cianfranitag:donnakerrgroup.com,2012-09-20:5132Silver Spring Housing UpdateWhat's going on with the Silver Spring housing market?
If you’re thinking of putting your house on the market next spring, there’s a perfect time to get ready.
That time is now!
<br />In this month’s Monthly Mixology Market Update, Susan and Natalie deliver the goods on two important topics:
First, how to make a killer caramel apple martini for the holidays.
And second, why autumn is the time to come see the DKG team if you’re planning to sell in early 2020.
Here are a few reasons why there’s no time to waste:
The market is strong. Plenty of buyers are looking for a new start. If you want the best chance for your home, be first on the market!
Factor in the complications of winter. The weather may turn nasty, and that could delay needed home improvements. Also, the holidays will get crazy. Better to start planning immediately!
Calling us now gives us time to sit down and strategize. Our designer assistance can help with tips on decor and reasonable home improvements to bring you the best possible offers.
Will sipping a caramel apple martini improve your planning? We’re not going there. But sip or no sip, give us a call. We can set you on an early, winning course!
<a href="https://www.donnakerrgroup.com/cs/c/?cta_guid=19b48cba-9e37-4e12-939b-30936d83d0e4&placement_guid=ac101654-fa54-4f94-8cd1-1eb1bf55897b&portal_id=5186810&canon=https%3A%2F%2Fwww.donnakerrgroup.com%2Fdkg-blog%2Fhousing-market-update-0&redirect_url=APefjpF_hWT4MeSiEBsvFhPuhOKgGhvH8c5Ff2XQ6Mu2yXBs50VAMoUrM8uztC-hxv_w5B8vXHZ8Yynk2qe2-EbwiUQpDqJ-TGORjanKh0pbS-QHA_NdggWcDnod8TmZ_6no5-s25hbXLBfmbpkRBST_bEQaViQT8C82CF-kHKFDe7Tddf7tsg-Ze3nvBLzoPldPUOXapJSqLhFwSG2j-IOOi03UrSL65MCA_IEFuZ4MOG3mx8XSaUID0R_K55nkc08uS3OSbVUMm_xoiasBS2ZAq9xgF7DaE31q-K5Mzvz6VX3rV8_e80I&click=90ea03da-65b0-4698-b99c-903c774c56bf&hsutk=a4fdb4badb59531cbb451d9195c99f89&signature=AAH58kHylKdnfAjDdX5hTjxJuJCURBXC6A&utm_referrer=https%3A%2F%2Fapp.hubspot.com%2Fwebsite%2F5186810%2Fblog%2Fposts%3Fauthor%3Dall%26blog%3D6974866614%26campaign%3Dall%26columnA%3Dpublished%26page%3D1%26search%3DSilver+Spring+Housing+Update%26sort%3Dpublished%26sortDir%3Ddescending%26state%3Dall%26tag%3Dall&pageId=14560190150&__hstc=64319930.a4fdb4badb59531cbb451d9195c99f89.1590326551229.1591086624639.1591285099269.23&__hssc=64319930.17.1591285099269&__hsfp=1259708029&contentType=blog-post"><img src="https://assets.site-static.com/userfiles/1897/image/Blog/Ready_to_sell_for_more.png" width="284" height="84" /></a>2019-09-27T05:19:00-07:002020-06-04T10:10:32-07:00Michelle Cianfranitag:donnakerrgroup.com,2012-09-20:5147Are Experts Expecting a Boom or Bust in the Real Estate Market?
Experts Agree Existing Home Prices Are Up Across the Country
According to the <a href="https://www.nar.realtor/topics/existing-home-sales">National Association of Realtors</a>, existing home prices are still on the rise over the last year in the United States, at a normal appreciation rate of 3.6%. Increases are highest in the Midwest, at 5.4%.
According to the <a href="https://www.fhfa.gov/DataTools/Tools/Pages/House-Price-Index-(HPI).aspx">Federal Housing Finance Agency</a> (FHFA), there’s strong year-over-year appreciation in home sale prices throughout the country, with no part of the country experiencing, or expected to experience, a decline.
CoreLogic, a leader in real estate data intelligence, reports that only two states, Louisiana and North Dakota, saw a minor decline in year-over-year pricing this past year, with the rest of the country remaining strong. Moving forward in 2019 and beyond, CoreLogic is forecasting an average U.S. appreciation of 4.6%. In fact, there is some recent speculation that CoreLogic’s 2019 projection may be adjusted upward due to the strong start of the 2019 market.
The forecast of a continued healthy real estate market is corroborated by the <a href="https://pulsenomics.com/surveys/" rel=" noopener">Home Price Expectations Survey</a> by Pulsenomics, which surveys a distinguished panel of more than 100 economists, investment strategists, and housing market analysts regarding their 5-year expectations for future home prices in the United States. Although the projections of those surveyed ranged from the bullish 28.3% increase (representing one-quarter of those surveyed) to the bearish 6.6% (one quarter surveyed), half of those surveyed are predicting a 17.1% cumulative price appreciation by 2023, indicating a healthy real estate market for the next 5 years.
If you need more convincing, here are the forecasts from Home Price Expectations Survey, Zelman and Associates, the Mortgage Bankers Association, Freddie Mac, NAR, and Fannie Mae. For each of the years projected, prices are expected to rise with none of the experts projecting a decline in home values over the next three years.
And that’s good news for everyone. Right now may be the perfect time to buy your first home or consider <a href="https://www.donnakerrgroup.com/buy-with-dkg">moving up to a larger, forever-home</a> because interest rates are still low at about 4.5%, with expected increases beginning later this year.
So, if you’re considering whether now is a good time for finding your new or next happy place, consider scheduling a call with one of our experienced agents. Let’s have a conversation about your goals. We can answer your questions and be a resource for you as you contemplate your options.
When you are ready, <a href="https://www.donnakerrgroup.com/contact-us" rel=" noopener">let’s talk!</a>
2019-05-13T07:44:00-07:002022-02-01T10:41:45-07:00Michelle Cianfrani