Goin Green Tip
More Green Tips coming... Al Matlock DC's Green Realtor and DC's Condo Guy
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- Federal Housing Tax Credit explained By Chief Tax Economist of NAHB
- The Home Selling Process from Start to Finish
- May 2009 Home Sales Statistics for Washington DC
- May 2009 Home Sales Statistic for Montgomery County
- May 2009 Home Sales Statistic for Prince Georges County
- Washington DC Downtown Condos for Sale (Penn Quarter, Mt Vernon Square, Gallery Place, Chinatown, East End)
- Washington DC Capitol Hill Condos For Sale click address for property info
- Washington DC's Columbia Heights Condos for Sale
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June 29, 2009
June 27, 2009
Chat Live with Washington DC Realtor Today
You can now have your questions answered by a licensed Washington DC Realtor instantly on DCClout.com. DCClout.com is the Home Buying and Selling Resource Center for Washington DC. Visit DCClout and Simply click on the above LiveChat image and connect instantly with a realtor.
June 22, 2009
June 15, 2009
The Home Selling Process from Start to Finish
You’ve made the decision to sell your home. Even if you’ve sold a house before, this process can be daunting because it is a major financial transaction that involves many steps from selecting a sales professional and marketing the home, to negotiating with buyers and finally receiving funds at the closing. Yet, the home-selling process doesn’t have to be intimidating if you know what to expect. The process can be divided in nine steps.
Step 1: List your property with a real estate professional. Select someone who is knowledgeable, listens carefully, and with whom you feel comfortable. Interview at least three real estate professionals. Use their listing presentations to compare their preparation and professionalism. Don’t base your selection solely on selling price or commission. It’s probably best to avoid working with someone who promises you the moon—in this case, an unrealistically high price—then has to make price reductions until the property sells. Instead, focus on marketing plans, service and past results.
Step 2: Establish price and time frame. Determining a fair asking price is crucial in this market. Price the property too high and it could languish on the market. Of course you could always decrease the price later, yet you’ve lost potential buyers. Your real estate professional can help you determine true market value based on a comparable market analysis, which will include recent home sale transactions as well as homes currently on the market. Supply and demand, craftsmanship, amenities, condition and any special circumstances can also impact price. For instance, a relocation move might necessitate a quick sale.
Step 3: Develop and implement a marketing strategy. To get the most exposure for your home, you should have a marketing plan with clear objectives and an outline of specific resources to be used. Your plan should include a mixture of conventional and online marketing to optimize your reach to potential buyers.
Step 4: Get Your Home in Show Condition. Remember, you only get one chance to make a first impression. So make sure your home is in tip-top shape inside and out. Eliminate clutter and remove personal items. Refresh the paint, clean the carpets and make minor repairs. Keep the grass trimmed and add color to your landscape. You may also want to consider hiring a professional to stage your home. A home in move-in condition is much more attractive to buyers in a competitive market.
Step 5: An offer is submitted. Once your home is on the market, a buyer will make an offer through his/her real estate sales professional. The buyer’s sales professional will present the offer to your representative, who will promptly relay it to you and help you evaluate the offer.
Step 6: The negotiation process begins and eventually an offer is accepted. One of the most critical roles played by your real estate professional is in the negotiation phase. Negotiations over the terms of a home-purchase contract can be extremely sensitive. The process of offer and counter-offer may go on until parties arrive at an acceptable contract, which can go very quickly or take days, even weeks.
Step 7: Buyers submit a loan application and home inspections are scheduled. Most often, the loan approval is contingent upon a satisfactory appraisal and various inspections.
Step 8: The loan is approved and the closing process begins. Once the buyer’s home loan has been approved, preparations begin for the closing. The closing, also referred to as settlement or close of escrow, is the final step toward completing the sales transaction between the buyer and seller. During this process, your sales professional will funnel all the necessary closing documents to the escrow agent. This may include the deed, mortgage, tax receipts, a Certificate of Occupancy and other documents. A final walk-through will also be scheduled. Once the escrow agent receives the paperwork and the funds pertaining to the sale of the property, the escrow is closed.
Step 9: Time to move!
Of course this is a simplification of what is otherwise a complex transaction. As you are going through each stage of the process, look to your real estate professional to provide guidance so that you feel comfortable every step of the way.
Courtesy of Al Matlock DC Realtor for DCClout.com DC Home Buying and Selling Resource Center
contact Al @ al@dcclout.com or Call 301/452-2278
June 11, 2009
May 2009 Home Sales Statistics for Washington DC
Washington DC Home Sales Statistics are in for May 2009. Here's a brief snippet- more details coming..... The 1st numbers are for 2009/2nd number for 2008/3rd change percentage
Average. sold price $489,047 - $564,310 (-13.34%)
Total Units Sold - 484 - 533 ( -9.19%)
Of that 484, 215 were condos/coop
Average sold price Condos - NA
Avg. Days on Market 91 - 78 (16.67%)
Courtesy ofDCClout.com DC Home Buying and Selling Resource Center
May 2009 Home Sales Statistic for Montgomery County
Montgomery County Home Sale statistics are in for May 2009. Here's a brief snippet- more details coming..... The 1st numbers are for 2009/2nd number for 2008/3rd change percentage
Average. sold price $425,163 - $506,151 (-16.00%)
Total Units Sold - 874 - 753 (16.07%)
Of that 874, 168 were condos
Average sold price Condos - NA
Avg. Days on Market - 105 - 103 (1.94%)
Compare 2007/2006/2005 Real Estate Statistics for Montgomery County Maryland and Washington DC click here
source mris
courtesy Al Matlock real estate professional Washington DC and Maryland - Realtor
May 2009 Home Sales Statistic for Prince Georges County
The Prince Georges County Home Sale statistics are in for May 2009. Here's a brief snippet- more details coming..... The 1st numbers are for 2009/2nd number for 2008/3rd change percentage
Average. sold price $241,997 - $295,872 (-18.21%)
Total Units Sold - 494 - 386 (27.98%)
Of that 494, 35 were condos
Average sold price Condos - NA
Avg. Days on Market - 155 - 122 (27.05%)
source mris
courtesy DCClout.com DC Home Buying and Selling Resource Center
June 06, 2009
Washington DC Downtown Condos for Sale (Penn Quarter, Mt Vernon Square, Gallery Place, Chinatown, East End)
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June 04, 2009
Washington DC Capitol Hill Condos For Sale click address for property info
| Property Address | Price | Bedrooms | Baths |
| 1621 E St NE #1 | $47,000 | 2 | 1 |
| 423 18th St NE #6 | $298,000 | 2 | 2.5 |
| 1705 E St NE #1 | $398,000 | 3 | 2 |
| 1705 E St NE #2 | $398,000 | 4 | 2.5 |
| 410 11 St NE #1 | $399,900 | 2 | 1 |
| 1020 Pennsylvania Ave SE #405 | $319,000 | 1 | 1 |
| 1020 Pennsylvania Ave SE #503 | $829,900 | 2 | 2 |
| 601 A St NE #1 | $217,500 | 0 | 1 |
| 601 A St NE #4 | $329,900 | 1 | 1 |
| 1306 Pennsylvania Ave SE #401 | $519,900 | 2 | 2 |
| 18 9th St NE #103 | $449,000 | 2 | 2 |
| 1391 Pennsylvania Ave SE #229 | $384,900 | 1 | 2 |
| 1391 Pennsylvania Ave SE #349 | $464,900 | 2 | 2 |
| 103 2nd St NE #103B | $325,000 | 1 | 1 |
| 7 14th St NE #7 | $295,000 | 1 | 1 |
| 210 Massachusetts Ave NE #202 | $255,000 | 1 | 1 |
| 1359 C St SE #1359 | $499,000 | 3 | 2 |
| 245 15th St NE #303 | $409,900 | 2 | 2 |
| 1514 Isherwood St NE #4 | $193,900 | 2 | 1 |
| 424 11th St NE #201 | $439,000 | 2 | 1 |
| 1125 G St NE #1` | $405,000 | 2 | 2.5 |
| 1007 Maryland Ave NE #304 | $269,000 | 2 | 1 |
| 333 2nd St NE #101B | $199,999 | 0 | 1 |
| 59 14th St NE #59 | $499,900 | 2 | 2.5 |
| 904 D St SE #8 | $350,000 | 1 | 1 |
| 1306 Pennsylvania Ave SE #201 | $499,000 | 2 | 2 |
| 1391 Pennsylvania Ave SE #233 | $629,900 | 3 | 2 |
| 1391 Pennsylvania Ave SE #201 | $614,900 | 3 | 2 |
| 1315 Independence Ave SE #6 | $674,000 | 2 | 1 |
| 676 4th St NE #201 | $299,000 | 1 | 1 |
| 401 13th St NE #211 | $469,900 | 2 | 2 |
| 1628 C St SE #B03 | $234,500 | 1 | 1 |
| 1391 Pennsylvania Ave SE #333 | $625,000 | 3 | 2 |
| 1306 Pennsylvania Ave SE #301 | $509,000 | 2 | 2 |
| 30 15th St NE #30 | $349,900 | 1 | 1 |
| 1469 A St NE #1469 | $339,900 | 1 | 1 |
| 725 5th St SE #11 | $689,000 | 2 | 2 |
| 440 12th St NE #115 | $474,400 | 2 | 2 |
| 245 15th St SE #404 | $379,900 | 1 | 2 |
| 308 18th Pl NE #1 | $199,930 | 2 | 1 |
| 205 18th St SE #3 | $499,000 | 3 | 2.5 |
| 251 8th St NE #1 | $624,900 | 2 | 3 |
| 1391 Pennsylvania Ave SE #461 | $444,900 | 2 | 2 |
| 1391 Pennsylvania Ave SE #M05 | $363,900 | 1 | 1 |
| 305 C St NE #307 | $325,000 | 1 | 1 |
| 313 6th St SE #2 | $539,500 | 2 | 1.5 |
| 15 3rd St NE #1 | $239,900 | 0 | 1 |
| 308 18th Pl NE #2 | $199,920 | 2 | 1 |
| 1836 Independence Ave SE #3 | $298,500 | 1 | 1 |
| 401 13th St NE #305 | $429,000 | 1 | 1 |
| 1391 Pennsylvania Ave SE #329 | $388,900 | 1 | 2 |
| 1391 Pennsylvania Ave SE #357 | $375,900 | 1 | 2 |
| 98 15th St NE #98 | $319,000 | 1 | 1 |
| 44 15th St NE #44 | $349,000 | 1 | 1 |
| 801 C St NE | $534,900 | 2 | 3 |
| 81 14th St NE #81 | $297,500 | 1 | 1 |
| 1200 Capitol St NE #7 | $474,000 | 3 | 2 |
| 284 15th St SE #201 | $289,000 | 1 | 1 |
| 284 15th St SE #202 | $369,900 | 2 | 2 |
| 1391 Pennsylvania Ave SE #345 | $489,900 | 2 | 2 |
| 1815 A St SE #203 | $205,000 | 1 | 1 |
| 1391 Pennsylvania Ave SE #M11 | $399,900 | 2 | 2 |
| 1337 Maryland Ave NE #1 | $399,900 | 2 | 2 |
| 410 5th ST NE #31 | $568,900 | 2 | 2 |
| 401 13th St NE #312 | $324,900 | 1 | 1 |
| 101 North Carolina Ave SE #106 | $254,900 | 0 | 1 |
| 244 Maryland Ave NE #A | $349,000 | 1 | 1 |
| 56 15th St NE #56 | $495,900 | 2 | 2.5 |
| 212 3rd St NE #B | $650,000 | 2 | 2.5 |
| 1391 Pennsylvania Ave SE #320 | $339,900 | 1 | 1 |
data source MRIS
courtest of DC's Condo Guy Find Exactly What you're Looking For - dccondoguy@live.com
