March is upon us and unfortunately, there is much in the world to be sad and worried about these days. Our heart goes out to those in harm's way, and we hope for peace.
Here at home, there are at least a few things that might brighten your day. Spring is just around the corner, Covid infections are plummeting, Montgomery County just lifted their mask mandate and DC shouldn't be too far behind. More folks are coming to the office each day, and honestly, it's really nice to see smiles again. Hopefully these are harbingers of more good things to come in 2022.
On the real estate front, I'm sure you've seen the headlines. Inventory is tight tight tight, prices are continuing to rise and buyers are frustrated. While all true, I'm pleased to report that we're starting to see more inventory coming on the market, and expect the extreme buyer/seller imbalance to moderate in the coming weeks and months.
We've helped several buyers succeed in this Real Estate Thunderdome, but unlike Mad Max ("two man enter, one man leave"), we've contended (and won) with as many as 16 competitors in the cage. While price is important, creative terms, strong relationships and credibility within the local agent community are all critical factors in winning these battles.
On the selling front, it's equally important to have a strong team and plan in place. So many of the homes coming on the market are receiving multiple offers these days, but sellers often fail to realize that in these situations, the ultimate sales price isn't determined by the highest bidder, but by the second highest bidder. That's why it's imperative to generate as much interest as possible in a home to ensure that you're accessing your property's fullest potential.
Stay up to date on the latest real estate trends.
Yep. Everything you’re hearing is true. Rates are up, inventory is starting to grow, and some buyers are moving to the sidelines as “affordability” has skyrocketed.
Markets do not like transition periods, and the current shift is no exception.
There are so many questions right now about what lies ahead for real estate.
We're asked every day how rising interest rates are affecting the market.
Q1 stats for our region were just released, and the story is consistent across our area.
Wydler Brothers Announces New Home Buyer Program to Hedge Against Rising Interest Rates and Inflation in Continuing Seller's Market
It's imperative to generate as much interest as possible in a home to ensure that you're accessing your property's fullest potential.
How does a home "live” throughout the entire year?
The saying goes ‘there’s an elephant in the room’, but over the last few months the issue hasn’t been the “elephant”, but the “room”, or the lack thereof.
Wydler Brothers have been selling residential real estate for over 20 years in the DC metro area. They rapidly ascended the local landscape and built the highest producing team in the entire region, recently named #28 in the US, Top 2 in the DMV and #1 in Virginia Large Team by Volume by Real Trends Magazine "The Thousand" in 2021.