With the leaves changing and the weather finally turning, it’s time to bring out the flannel, light some candles, and plan your Halloween costumes. You have lots of occasions to dress up this month in DC, from “Boo at the Zoo” and Petworth’s Dia de los Muertos celebration to FrightFest for all you thrill seekers.
But if you want to stay away from all the little ghouls and goblins running around, maybe your best bet is purchasing this private island for sale in the middle of the Potomac River. Get the scoop on this 13-acre property visited by figures such as Teddy Roosevelt and Alexander Graham Bell!
The spookiest part of the market right now may be rising mortgage rates. The 30-year conventional rate is expected to peak around 5% this year. While the impact is obvious for buyers, sellers want to heed this increase when thinking about their list price as well. All of this should be kept in perspective though; rates are still historically low, compared to the 6-10% levels seen in the 80’s and 90’s. And there are plenty of ways to come out on top if you prepare your finances ahead of time – real estate agents and lenders can help you think through all of the factors when making a buying or selling decision.
Even with the changing economy, buyers of all generations are still out there. Recent reports show that 46% of homebuyers this past year were millennials, and the excitement and conveniences of city-living has made DC and other metro-accessible areas a desirable retirement option. 83% of those in “Gen Z” plan to purchase within 5 years, and actually prefer suburbia where they can get more bang for their buck. All of this to say that properties listed at the right price can still fly off the shelves before the winter season hits, but you have to be strategic and look at your position compared to other listings!
Wydler Brothers is Growing!
We would like to introduce you to the newest member of the brokerage
Before getting into real estate, Theo worked on U.S. Senate & U.S. Presidential campaigns and later owned small businesses on Capitol Hill. This experience provided him with the unique opportunity to work with visionaries who developed the most successful strategies taking place in the marketing of campaigns, direct mail, media and event-based fundraising for candidates. Today, Theo utilizes a campaign strategy approach and his DC network to market and sell your house and find you a new home.
As a 4th generation Washingtonian and former local delivery service owner, Theo is a logistics expert in the DC, MD & VA metro areas. He will save you time in your search by listening to you and matching your wants and needs to the local real estate market. Theo is passionate about helping people and rarely misses an opportunity to assist a friend or colleague with a community charity fundraiser and has served on several local boards and startups. He is an active husband and father currently raising two sons in Kensington, MD.
Won’t You WB My Neighbor?
Wydler Brothers is excited to be promoting a variety of communities in the DMV. Check out our website to spot & share your favorite community. Don’t see your ‘hood? Let us know and we’d be happy to add it! Here are just a few of the neighborhoods we have recently promoted:
In The News
Tour a Replica Air Force One
Through the end of 2018, you have the opportunity to take a public tour of a replica of Air Force One at National Harbor. Make sure to report back what kind of snacks they keep on board!
Guide to DC Area Pumpkin Patches
Fall is one of our favorite seasons! Set aside some time this Fall to support our local farmers by participating in their pumpkin patches, mazes, markets, and festivities!