Scott’s Market Update

Two things went DOWN last week, can you guess what they were? Find out in Scott’s latest market minute message.

Check out my LATEST LISTING >>> http://www.theresultsrealtygroup.com/…/…/lo10080229/45956867

Interested in learning more about your buying or selling situation?  Give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

 

A Quick Minute of Motivation

In this new motivational series, Scott will highlight how to become a Peak Performer.

In today’s Peak Performer Series message, Scott talks about being 4th Quarter Strong! We’re in the 4th Quarter of 2017, are you going to finish out the year STRONG? Listen to this quick message with my tips for making these last few weeks of 2017 count!

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something!

October Market Update

As the summer comes to an end, we’re seeing the real estate market continue to move steadily along. We don’t anticipate any drop off in sales as we enter the fall selling season. We have buyers looking to enter the home buying market – especially first-time buyers. Interest rates remain low, new loan programs are becoming available to help cash strapped purchasers and these opportunities are available in all price points. As I see it, our challenge will continue to be inventory levels, as many home owners are staying in their homes. They are doing so because they are not able to find homes to fit their needs in available move up price points. We are also seeing an increase in the amount of people that are renting their houses since they are gaining equity and have low interest rates/payments which allow them to have positive cash flow.

We also have three types of sellers – those who want to sell, those who need to sell and those who have to sell.  Those who want to sell typically take their houses off the market as we head into the holidays, therefore reducing inventory.  As long as we have houses to sell, the market will stay steady.  Let me know if you have any questions or concerns if you are considering selling – the market conditions just might be in your favor.

Lastly, please keep an eye on what is happening with the President’s Tax Reform – doubling the standard deduction, eliminating state and local tax deductions and only having three tax brackets. Industry professionals predict these may all affect home values by 10%.  Again, if these changes occur, it could affect housing as tax payers who claim mortgage interest deductions may no longer be able to claim this deduction, thereby eliminating the need to buy as a tax plan.  Housing is critical to our economy so implementing this plan could put damper on the economic recovery.  Let’s hope this reform doesn’t pass in its current form.

Halloween-Sold-Sign

Have a happy and safe Halloween!

Scott’s Market Update 8/12/17

Consistency – is it a good thing? Bad thing? Or both? Find out more in this week’s Market Minute message.

Are you interested in finding out the current value of your home? Give me a call to stalk about your specific situation – 703-652-5777 or email me at scottmacdonald@remax.net

Scott’s Market Minute 7/21/17

Did you know that the last 2 weeks of July are the MOST popular weeks in the summer to take a vacation? While you’re vacationing, here’s what’s going on in the Northern Virginia market…..

Is now the time for YOU to buy or sell?  Interested in learning more about the market and the value of your home? Give me a call at 703-652-5777 or scottmacdonald@remax.net

A Quick Minute of Motivation

In this new motivational series, Scott will highlight how to become a Peak Performer.

​In today’s Peak Performer Series message we discuss the meaning of the word LOYAL. What are YOU loyal to? Your job, your family, your clients? What happens when you are not loyal? Find out more in this weeks message.

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something!

A Quick Minute of Motivation

In this new motivational series, Scott will highlight how to become a Peak Performer.

In today’s Peak Performer Series message I wanted to remind everyone about a very important piece of advice – write it down!  All to often we think we can remember everything, but in reality, we can’t. Here’s why I think its important to practice this simple task.

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something!

Scott’s Market Minute 6/2/17

Do you plan on selling your home soon? If so, get comfortable… and watch this week’s Market Minute message for more details…

If you’d like to talk more about your specific situation, give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

Have a great weekend!

May Market Update

The Spring Market is in Full Swing

The Nationals are cranking out the wins with hits, runs and great starting pitching. The Caps are losing games to the Penguins in the second round of the playoff series again and the Wizards are into the second round of the playoffs with John Wall leading the way…it has to be spring, right? Couple all of this with the smell of fresh cut grass, newthe perfect viewly edged mulch beds, flowers blooming and of course, houses selling quickly – we know it is spring and PRIME home selling season.

We have a very dynamic and robust market in most of Northern Virginia! As you are reading this, the median days on market is 12 and the average days on market is 59. So, it is a very good market if you do the right things to sell as the median days on market bears this out. Houses are either selling quick or they are not. We are seeing properties priced below $450,000 receiving multiple showings and offers when they are in the right condition, price and are staged. Houses priced too aggressively for the market, are in poor condition and/or location are sitting with showings but no contracts. Buyers are out there, but they are still being very discerning when it comes to home selection.

Another indicator that the spring market is in full swing – prices are increasing. Over the last 5 years, we only had 4% appreciation across all of Northern Virginia. Year to date, we have 3% appreciation. This is good, but also poses a challenge as appraisals are becoming more of an issue – especially when multiple offers bid prices way up to “win” the contract. In some cases, the comparable sales are not available for appraisers to rely on to support value. As inventory continues to shrink, rates continue to stay low and buyers remain active; we may see more appraisal issues than not. Stay tuned for more information as we enter the summertime.

As is always the case, everyone’s situation is different and needs to be reviewed in detail, so if you are considering selling or buying, please feel free to call me for a no obligation consultation. We are here to help!

Scott’s Market Minute 4/28/17

The market is in full spring swing! Buyers are out there and ready to make YOU an offer. Are you ready to put YOUR house on the market?  Need more reasons why now is a great time to do so??  Check out my latest Market Minute video…

Interested in learning more?  Give me call at 703-652-5777 or email me at scottmacdonald@remax.net.  Have a great weekend!