A Quick Minute of Motivation

In this new motivational series, I’ll highlight how to become a Peak Performer.

In today’s Peak Performer Series message I’d like to talk to you about “so.” Some people will, some people won’t….so what? Those who will and do, will get the results they want. Those who don’t, well, they won’t. Learn more about the in my latest Motivational Minute message.

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

Now go sell something! 

November Market Update

18_300510_Fall Social Covers Fall Facebook Thankful

We are Grateful for You!

Now that another Halloween has come and gone, hopefully you weren’t spooked by the real estate market and the news that you have heard about it. The market is good – not bad – not slow – not great – just good. People need to expect that their house isn’t going to sell in a matter of hours or days, it will, in most cases, take a couple of weeks to a month or even longer to sell. As I’ve said before, it all depends upon your price point, condition and location. All around the region, we are seeing median days on market are up as are the average days on market. Again, don’t be spooked, we continue to see steady sales, low inventory and stable prices. Buyers are just taking a bit little longer to make decisions on buying. Some are still looking for the house to be in perfect condition at a “value” price. In some cases, they too, need to be realistic. Not every house is perfect and not every house is value priced so, just make an offer and see how the seller responds. If there is a house for sale, the sellers want it sold and they just want to “hear” it from the market and not the agent in a lot of cases.

So, what is on the horizon? Interest rates will continue to rise which will cause some buyers to leave the market. Some will opt for alternative forms of financing such as adjustable rate mortgages or if you have an assumable loan – assumptions. If you are interested in buying, this is a great option as well. Please give me a call to learn more whether you are selling or buying.

What else could impact our area you ask? Amazon and their HQ2 is the answer! At this time, they are in advanced negotiations with Northern Virginia on their next headquarter location, Crystal City to be more precise. What does this mean for our region? There will be some impact on housing, some impact on commercial properties (depending upon their location), a definite impact on our economy and lastly, an
impact on traffic as 50,000 jobs (or 25,000 if they split the locations) plus supporting company employment will bring more commuters. The local real estate industry is excited about this potential move, but we are not counting on anything concrete until the final decision is made. If you would like to know more, please feel free to call me as I have been following this developing news quite extensively. Also, I am happy to discuss your next move at any time.

Have a great Thanksgiving and enjoy the time with your family and friends!
-Scott

Scott’s Market Minute 9/28/18

Inventory levels have come down from last week, and in some areas, prices have too! Is not the time to buy? Learn more in this week’s Market Minute Update.

If you would like to discuss your particular situation, please feel free to give me a call at 703-652-5777 or scottmacdonald@remax.net

#realestate #northernvirginia

Scott’s Market Minute 8/10/18

How’s the market these days? I’m comparing the real estate market to the Washington Nationals again in this week’s market minute message. Click play to learn more!

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

August Market Update

As Summer Winds Down…

Wow, did July fly by or what? It seems like it just started and it is over already. This month we saw inventory levels stay steady – which is typical for this time of year. The biggest difference is the amount of inventory available in the resale market. We are currently down 12% from this time last year. The good news for sellers is the pace of sales is comparable to last year’s sales – resulting in a 1.9 month supply of homes versus 2.1 last year. Unfortunately, while overall home prices are up, they are not flying off the market as quickly as they did earlier this year. Therefore, patience is required in some selling situations. The buyers in today’s market are taking their time making decisions as they are not feeling compelled to write an offer on the home the first time they view it. The market dynamics have shifted, and sellers need to be aware of this, so they remain patient and not anxious. If you are thinking of selling, let’s get together to discuss your plans in more detail.

Mortgage interest rates are about a half point higher than last year, so this may also be impacting a buyer’s decision-making process. In addition, some houses have higher price tags than what they are worth resulting in some buyer hesitation on making offers as they don’t want to offend the seller. It is a complex transaction and will, in many cases, be someone’s largest asset, so taking the time and analyzing the house, the market and various options available to them can be a good thing for many people. In any of these
situations, I’d be happy to assist in helping find the best location and home
for you when deciding to make a move.

end of summer

As high school sports are back in full swing with their practices starting and the vacation season behind us, let’s see if we don’t have a quick uptick in housing sales before September. As always, time will tell.  Enjoy the hot rainy weather and feel free to call us anytime.

 

A Quick Minute of Motivation

In this new motivational series, I’ll highlight how to become a Peak Performer.

In today’s Peak Performer Series message I’d like to talk to you today about two things – #1- the pre-planning for your sales call and #2 – the post-analysis of your sales call. Are you prepared when you are heading out to a meeting (sales call)? When your meeting is over, how do you use the information you received from your client to close the deal? Learn more about this important process in my quick motivational video.

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 7/13/18

What do amusement parks and the real estate market have in common? Find out the answer and great up to date information on the local Northern Virginia real estate market in this weeks Market Minute message.

Would you like to talk about your specific situation? Give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

Scott’s Market Minute 7/6/18

Much like my desk today, the real estate market is a mess! Learn more about the advantage of being a buyer in the Northern Virginia market right now in my latest Market Minute message.

Would you like to talk about your current situation – looking or buy or sell?  Give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

Scott’s Market Minute 5/25/18

It’s the last week of May and inventory levels have….. Check out Scott’s latest Market Minute message to find out what’s going on in Northern Virginia!

Give me a call if you would like to talk about your situation. I can be reached at 703-652-5777 or email me at scottmacdonald@remax.net  Have a great weekend!!!

Scott’s Market Minute 4/27/18

Inventory levels are up, interest rates are up, distressed inventory is also down – May is going to be a “lucky” month for sellers! Learn more about what’s going on in the Northern Virginia area real estate market in Scott’s latest message.

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