Captials, Wizards, Nationals – our local teams are HOT – so is the housing market! Check out what Scott has to say in this week’s Market Minute.
Have a great weekend!
Questions about the market or your specific situation? Feel free to give me a call at 703-652-5777 or scottmacdonald@remax.net
Today’s Peak Performer Series message is about the importance of being nice. There are reasons why people remember you and reasons why they want to forget you. Don’t you want to be someone people remember?? Check out my quick video for more on a topic that means a lot to me.
Need more motivation – feel free to contact me at 703-652-5777 or scottmacdonald@remax.net
And don’t forget to subscribe to my blog at www.scottymacsblog.com
Now go sell something!
The Northern Virginia real estate market has been a lot like our weather in March…hot and cold. We’ve had some markets that have been on fire – Reston as an example; while others have been normal which makes Realtors and sellers feel on edge or think that the market is “cold”. It is extremely important to have the right expectation when selling your house – not every house sells in a day with multiple contracts. Many houses take a couple of months to sell. The current average is 62 days on the market in Northern Virginia. This is below the national average so we still have a great market. Buyers are buying and as result, the supply of existing houses for sale is down to a 1.2 month supply of homes. So, my advice is to be realistic if you are going to be selling your house and if you get a contract quickly, make the most of it, but don’t expect the process to happen fast.
Again, the good news is that sales are up 6% over last year, sales prices are up 2.8%, mortgage interest rates are still phenomenal and the inventory levels are increasing – so we should continue to see a good spring market. Even with inventory levels increasing, we are still 19% below last year’s levels. My belief is this will continue to happen for the next few months – inventory will rise but we will still lag behind previous years because we have strong fundamentals in place for a good housing market.
If rates continue to rise as a result of “Trumpenomics”, buyers will and should consider adjustable rate mortgages. Typically, ARM products like a 7/1 ARM run about ¾ of a point less in interest rates. As an example, 30 year fixed rates are about 4.25% and a 7/1 ARM is about 3.5% – definitely something to consider when buying a house today.
We can discuss your plans in more detail to see if this is a viable option for you. Please let me know if you have any specific questions or concerns as I am here to help!
Happy Spring Break and Easter!
Would you like to learn more? Give me a call at 703-652-5777 or scottmacdonald@remax.net
In today’s Peak Performer Series message, we continue the discussion about SUCCESS and the role PRACTICE plays in your success. It’s important to practice the dialog you plan to have with your clients. Listen to Scott’s message below for more advice on this important key to success…
Need more advice? Feel free to contact Scott at 703-652-5777 or scottmacdonald@remax.net
Have a great week!
Is it true? Can it be? Has the Spring Market finally ARRIVED??? Check out this quick video to hear my thoughts on the current Northern Virginia housing market, inventory, interest rates and more.
Are you inspired by the news? Are you ready to buy or sell your home? I’m here to help. Give me a call so we can assess your situation – 703-652-5777 or scottmacdonald@remax.net
In today’s Peak Performer Series message, we continue the discussion about SUCCESS and the role EFFORT plays in your success. You need to put forth the EFFORT to be SUCCESSFUL and make things happen! How much effort is needed? Listen to Scott’s message for more advice…
Need more motivation?? Feel free to reach out to Scott at 703-652-5777 or scottmacdonald@remax.net
Peak Performer Series – About Success, Continued…
How do you reach the next level of success? What is your passion? What is your why? Check out this short video to learn more about doing what you are passionate and how it will help you reach the next level of success!
Need more motivation? Give Scott a call at 703-652-5777 or scottmacdonald@remax.net
Today’s Peak Performer Series message is about giving back. Writing a check is easy, but the benefit of volunteering your time is so much greater. Listen to what Scott has to say about this important topic in his latest minute of motivation…
If you would like to participate in our 3rd Annual Charity Golf Tournament, you can download our registration and sponsorship opportunities package here >>> http://www.gateway2realestate.com/upcoming-events
Need more motivation? Feel free to contact Scott at 703-652-5777 or scottmacdonald@remax.net
**March Madness** The madness isn’t just about basketball!!! Here’s the latest market update video from Scott about the market in Northern Virginia.
Here’s the link to download the Sponsorship Opportunities/Registration packet for our Charity Golf Tournament: http://www.gateway2realestate.com/upcoming-events
As always, you can contact Scott at 703-652-5777 or scottmacdonald@remax.net
Have a great St. Patrick’s Day Weekend!
Today’s Peak Performer message is about SUCCESS! Success has a lot to do with just showing up! Be present and learn more about success in Scott’s latest video!
Need more motivation? Give Scott a call at 703-652-5777 or scottmacdonald@remax.net
Scott's Motivation and Real Estate Market Updates 