A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer. I have an important question for you – what have you done to prepare yourself going forward through this pandemic? Now is the time to pivot, and change your plan to make the next six months successful. Listen to my thoughts on this in my latest Peak Performer message.

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

FOLLOW MY NEW FACEBOOK PAGE for more motivation, success tips and inspiration: https://www.facebook.com/SuccessSecretsforRealEstate/ 

A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer. Today, I have a question for you – are you using your time wisely? With the current situation we are still in, we have actually gained a little time each day. What do I mean by this? Listen to my thoughts on this in my latest Peak Performer message.

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

FOLLOW MY NEW FACEBOOK PAGE for more motivation, success tips and inspiration: https://www.facebook.com/SuccessSecretsforRealEstate/ 

June 2020 Market Update

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First and foremost, I trust you are staying safe and making wise decisions when going out in public, so you remain healthy!

So, you may be wondering what was happening in the real estate business during the pandemic while we were on stay at home status. As I mentioned previously, we were deemed essential, so we could still “work” and help people make wise decisions when selling, buying, or leasing properties. And let me tell you, this pandemic did not stop our local real estate market, as houses are selling and selling fast in many cases. The median days on market in Northern Virginia in March were six; in April, it was five, and I am guessing that we will have the same result in May. The average days on market stand at just 28 days.  We still have an extremely low inventory level today, and we have a tremendous number of buyers out in the marketplace resulting in a feeding frenzy in many price points and in most locations throughout Northern Virginia. Today, the number of homes for sale is 40% below this same time last year and is down 51% from two years ago. We currently have less than one month’s supply of homes, which is historically low. The bottom line is – we need more houses to sell to keep up with the demand.

Mortgage interest rates are incredibly low – around 3.25% today. The great rates are one contributing factor to home sales as it is more affordable (on a monthly basis) to own versus renting in many cases. The rental market remains on fire as well as demand is strong for rentals. Additionally, prices are increasing across the region, and buyers want to begin their wealth-building strategy of homeownership. One interesting dynamic that we are seeing is more first-time buyers entering the market and fewer investors/cash transactions.

It is still a great time to both buy and sell if you take the proper precautions. Give me a call me to discuss your situation in more detail, especially now that we are entering Phase 1. The big question to be answered by the next newsletter is… Did more people decide to sell now that we are in Phase 1 or potentially Phase 2? Lastly, if you went into forbearance on your mortgage or other debts or if you are thinking about it, please call me so I can explain the process and ramifications.

Happy Summer!!

A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer. I have a question for you – what transformations have you made in your life since this pandemic? Have you made any adjustments in your life and what has the outcome been like for you? Hear more of my thoughts on this in my latest Peak Performer message.

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

FOLLOW MY NEW FACEBOOK PAGE for more motivation, success tips and inspiration: https://www.facebook.com/SuccessSecretsforRealEstate/

A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer. There is no doubt that our perspective of time has changed with this pandemic. So I’d like to ask, how are you focusing your time now? Are you using it wisely? I’d love to know. Hear more of my thoughts on this in my latest Peak Performer message.

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

FOLLOW MY NEW FACEBOOK PAGE for more motivation, success tips and inspiration: https://www.facebook.com/SuccessSecretsforRealEstate/

A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer. These are unusual times. Do you have COVID-19 brain? Are you fixated on this pandemic or are you forging forward? Hear more of my thoughts on this in my latest Peak Performer message.

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

FOLLOW MY NEW FACEBOOK PAGE for more motivation, success tips and inspiration: https://www.facebook.com/SuccessSecretsforRealEstate/

A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer. I have a question for you today. How are you showing up? Are you taking care of yourself and engaging with clients to ensure your continued success during this pandemic? Hear more of my thoughts on this in my latest Peak Performer message.

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

FOLLOW MY NEW FACEBOOK PAGE for more motivation, success tips and inspiration: https://www.facebook.com/SuccessSecretsforRealEstate/

May 2020 Market Update

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Hopefully, you and your loved ones are staying safe and healthy during these unprecedented times. As previously mentioned, real estate is considered an essential business and as such, we have adapted to new ways of conducting business. Yes, homes are being purchased, sold, and leased – people need shelter. We are lucky as we can help those in need of our services. Due to the different lockdown restrictions, many of my friends across the country and around the world cannot help people with their housing needs. It is strange to me how in some areas, lenders, title companies, home inspectors, appraisers, and other professionals are considered essential, but REALTORS are not.  Not to being political here but how can REALTORS not be deemed essential and the others can be? How can they conduct their business without a REALTOR selling the house prior to needing their services?  Odd to me.

Locally, we are practicing all real estate services albeit on a more limited basis and in a different way.  We are doing virtual showings for buyers who do not want to go out to see homes in person. We are conducting virtual open houses and scheduling appointment only showings during the virtual open houses. Settlements are outside or even drive up style – many with no REALTORS present.  We are also seeing e-closings with no one present in the same room. We are wearing masks, gloves, and booties during showings and bringing disinfectant wipes and hand sanitizer – for everyone’s health and safety. If you are considering buying, selling, or leasing a house, it is still possible and I am willing and able to help, so let’s discuss how this all works in more detail.

Now, let’s talk numbers. Inventory levels remain low – 34% below this same time last year. We currently have only 2,974 houses for sale in all of Northern Virginia. Contracts written the previous 30 days are down 31% versus the same week last year. Lastly, closings the previous 30 days are down 20% from the same time last year. Now, the good news is sales have gone up each of the last four weeks and when houses do come on the market, they sell quickly when priced right and they are in the right condition.  We continue to see multiple contracts in many homes throughout the area as well. We have had many buyers move to the sidelines during the pandemic and some sellers have decided to wait or have pulled their homes off the market until “the coast is clear”. One thing is for certain, we will have a lot of pent up demand for housing when we return to a new normal as we have more buyers on the sidelines than sellers. I envision an even more competitive housing market in the future.

Be safe, make wise decisions when going out in public so you and your family remain healthy.

A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer. What is the one quality you can possess that will help you get through this pandemic and be successful when it is all over? Learn my answer on this in my latest motivation minute message.

Need more motivation or help getting our of your rut? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

FOLLOW MY NEW FACEBOOK PAGE for more motivation, success tips and inspiration: https://www.facebook.com/SuccessSecretsforRealEstate/

A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer. What is the one thing you can be doing today to ensure your success while we are in the midst of this pandemic? Learn my thoughts on this in my latest motivation minute message.

Need more motivation or help getting our of your rut? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

FOLLOW MY NEW FACEBOOK PAGE for more motivation, success tips and inspiration: https://www.facebook.com/SuccessSecretsforRealEstate/

And don’t forget to subscribe to my blog at www.scottymacsblog.com