It’s finally feeling like springtime here in the Metropolitan area! Even though DC boasts some of the best restaurants and museums around, we’re all itching to get some vitamin D. Whether you’re heading to Nats Park or testing out many of the new dockless electric scooters, there are loads of activities to do and sights to see this season.
And if you’re thinking of jumping into the crazy spring market, remember that the first thing buyers look at is the curb appeal. Here are some common lawn care mistakes and how to avoid them so the outside can look just as loved as the inside!
On the fence about selling? Don’t be! We are living in an incredibly unique time in history when two generations are moving simultaneously: empty nesters are leaving the suburbs to enjoy an urban setting, and their parents are downsizing for a more manageable lifestyle. And even with the District listed in the country’s top three markets for apartment construction, the high-end nature of it all still has first-time homebuyers looking around for more affordable options. Compared to six years ago, inventory of starter homes has decreased by 38% while increasing in price by 57%. But with interest rates also on the rise, buyers are raring to go – days on market is the shortest it’s been for the last decade at just 13 days average. And the numbers line up on a more micro level as well: active listings are down 12.9% (with a 7.6% decrease in new listings), the third month with a double-digit decline in year-over-year inventory. But we are hitting the spring season bump, with 16% more listings than last month.
No matter when you list, you have to be smart; you won’t get buyers springing into action if your home is listed way above market value. Those working with realtors know what to look for and what price range to expect for a property, and are willing to let listings sit on the market until a price drop occurs. And even if your house goes under contract, the appraisal and the inspection punchlist give buyers some leverage. With all that said, if you’re thinking of selling, there’s no time like the present!
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In The News
The tourist guide for those who don’t want to do touristy things.
As the last bit of snow melts off my front porch, all of the wear and tear of the winter weather is apparent in the chipped paint and rotted wood stairs. Add those repairs to a growing to-do list that includes installing a fence, landscaping and replacing a window.