Archive for June, 2007

Condo Market Snapshot for the Metro DC area

June 16, 2007

Orange Report

Activity for May 2007 by Local Jurisdiction

Report Date:  June 15, 2007

Condominium Sales and All Property Contracts:  May 2007 v. May 2006

  

Jurisdiction

-

-

-

DC

Arlington County

Alexandria City

Montgomery County

# of Sales

2007

-

-

 368

174

97

256

# of Sales

2006

-

-

 349

138

108

316

Most Active

Price Range

2007

-

$350K-$359K

$300K-$349K

$250K-$299K

$200K-$249K

 Most Active Price Range

2006

-

$300K-$349K

$300K-$349K

$250K-$299K

$250K-$299K

Contracts Written*

2007

-

609

246

150

811

Contracts Written*

2006

-

619

197

178

994

*All property types.

Source: City Influence

Why Curb Appeal is So Important!

June 3, 2007

Why is Curb Appeal So Critical to Sellers and Buyers?

 

Wasn’t there a moment when you drove by an intriguing house,

and you’ve wondered what the interior looked like? Now picture

the same house with a rusty mailbox, overgrown hedges, and

sea of dandelions waving above two weeks of lawn growth?

Does your mind wonder now to what lies inside — could the same

house have a kitchen or bathrooms that needs updating? What if the

same house, perhaps your house, was for sale?

 

Don’t let the lack of curb appeal be a reason for buyers to dismiss

going inside! Remember the time you drove up to a house with

your own Realtor, only to decide to skip entering the property because

of its exterior “condition”?

 

If you are selling, here are seven areas to spruce up:

 

1) Landscaping -  Take a look at the house from all directions. Buyers can visualize

children playing in the yard or themselves sipping cool lemonade drinks

on the patio. They don’t want to ”see” mowing instead. Absolute necessities: remove

dead plants, weeds, and add new mulch. Trim scrubs to reveal windows. If need be,

for a short time, hire a gardener while your house is on the market and fertilize

and water the lawn. Edge the lawn, sidewalks, gardens and driveways.

 

2) At night, turn on the lights. Neighbors driving home from work might call

their friends and acquaintances to share the news of your home on the market. Plus

a warm glow from the house looks inviting.

 

3) Remove clutter - Banish unnecessary tools, toys, extra bags of mulch or bikes

or mismatched patio furniture.

 

4) Exterior Painting –  Remove peeling paint and repaint affected areas. Wash the

windows inside and out to make them sparkle.

 

5) Front Door – Paint the door a complimentary color to the exterior. Add a new welcome mat

and place flower pots with freshly planted annuals on either side of the door to welcome

your guests inside. A brand new doorknocker will brighten buyers’ faces.

 

6) Concrete – Use a power washer with water to lighten and remove good ole grime on sidewalks and

driveways.

 

7) Fix it projects - Replace missing fence posts, add lightbulbs to front porch lights, restain decks, etc.

 

A couple of weekends of effort and a few hundred dollars later will bring potentially tens of thousands of dollars

of value to your home. Remember, this critical point, if you can’t get them to cross the front door

threshold, you can’t sell the house. Attending to these details, could be difference between having your home

a short time on the market and maximize potential for a top sales price or lagging on the market begging

for a price reduction from potential buyers. In the end, they want a house that was previously loved and well

cared for to possibly become their new home!

 

Written by your neighborhood Realtor, Kathleen Ryan, e-PRO, www.kathleenryanhomes.com, 240-418-3127 (mobile)