In this new motivational series, Scott will highlight how to become a Peak Performer.
In today’s Peak Performer Series message Scott talks about the importance of always evolving in this ever-changing world. Listen to Scott’s quick message and find out WHY you must keep moving to get to the next level!
Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net
Now go sell something!
And don’t forget to subscribe to my blog at www.scottymacsblog.com
The housing market in Northern Virginia continues to be on fire…in certain price points. Virtually anything under $450,000 that is in good shape, priced right and is not a condo is selling within days, above asking price with multiple contracts. Places in the $500,000 – $650,000 price point that have been updated and show well are also selling quickly. We have a lull in the $650,000 – $900,000 price range depending upon location. And lastly, properties priced $1,000,000 – $1,200,000 are seeing great activity as well and are even receiving multiple offers in some cases.
In today’s fast paced market, buyers need to be very responsive when they see a home that is of interest to them because, in all likelihood, someone else is also interested in it. This dynamic is giving some buyers, a little “buyer’s remorse”. When people feel forced to make quick decisions, they are taking advantage of the home inspection void rights or HOA document review period to get out of contracts at a later point in the transaction. If you are a buyer, be sure you are committed to the house you are buying and if you are not, be patient and write on one that you are willing to follow through on. These situations are creating a lot of stress on sellers and it is hurting the buyers who were willing to commit to the purchase and eventual ownership of that home. Of course, if there is a legitimate reason to back out, by all means exercise your rights to void. Don’t “jump” for fear of loss, “jump” because it meets all of your criteria.
We have finally entered the rising interest rate environment we have been predicting the last few years. Despite this, as previously mentioned, houses are still selling which is good for our sellers. The rise in rates has caused some people to get off the fence about buying which is adding to the number of potential buyers in the market. Luckily, the interest rates for mortgages are still historically low so it remains a matter of perspective when people say rates are high. Experienced buyers know we are fortunate to have rates in the 4’s and will still seek home ownership even in this type of environment.
As you know, everyone’s situation is different so please call me to discuss your plans in more detail so I can give you the right advice whether buying or selling.
Happy St. Patrick’s Day!
In this new motivational series, Scott will highlight how to become a Peak Performer.
In today’s Peak Performer Series message Scott talks about the importance of emulating people. Did you know that emulating successful people affects your own success? Listen to Scott’s quick message about WHY this is important.
Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net
Now go sell something!
And don’t forget to subscribe to my blog at www.scottymacsblog.com
The Northern Virginia real estate market continues to gain momentum despite low inventory levels. There are many buyers in the market ready to buy the right home and in many cases, it is difficult to do so leaving them and their agent frustrated. Typically, this time of year we start to see houses come on the market, but we have not seen a week-over-week increase in inventory since the fourth week of September last year! That is an amazing run, hopefully it will change soon for our buyers. If you are considering selling, let’s get together to see how to position yourself for success in this market.
All indications are pointing for 2018 to be another great year for real estate sales, despite starting off with low inventory levels and increasing interest rates. Interest rates are projected to be in the high 4’s, possibly low 5’s by the end of the year – scary, NOT! When I first got into the business in 1988, rates were in the 12’s. Yes, the rate increase will have some impact but not substantially in my opinion. What could have a greater impact is escalating prices coupled with the higher mortgage interest rates. This may force some first-time buyers to sit on the sidelines because of qualification purposes or potential sellers staying in their houses longer because they don’t find it beneficial to relocate. As always, time will tell.
The low inventory levels are resulting in multiple contract situations in many cases, but not in every situation so it is important to have the right expectation when putting your house on the market. Upper end prices are taking longer to sell as is typically the case. Houses that have not been priced properly, are in poor condition or have undesirable lot conditions will accumulate days on the market as well. In these situations, it is critical to hire a professional to give you the proper guidance to maximize your sought-after results. We are here to help you navigate the sale in these circumstances, so please call me to discuss your situation in more detail.
In this new motivational series, Scott will highlight how to become a Peak Performer.
In today’s Peak Performer Series message Scott talks about the importance of your associations with others. Do you realize how your associations with others affect your success? How other people’s attitudes affect yours? Listen to Scott’s quick message about the importance of associating with the right people.
Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net
Now go sell something!
And don’t forget to subscribe to my blog at www.scottymacsblog.com
This week in the real estate market – inventory levels are at a 2 year low! Learn more in this week’s market minute message.
If you would 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!
In this new motivational series, Scott will highlight how to become a Peak Performer.
In today’s Peak Performer Series message Scott talks about the importance of setting expectations. What kind of expectations do you set for yourself, your clients and your customers? Listen to Scott’s advice about the importance of setting these expectations.
Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net
Now go sell something!
And don’t forget to subscribe to my blog at www.scottymacsblog.com
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 all in. Listen to Scott’s advice about being all in. If you aren’t all in, maybe its time to get out?. Watch this quick video to learn more.
Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net
Now go sell something!
Check out Scott’s 8 Real Estate Predictions for 2018. Do you agree with Scott’s prediction? Do you have any predictions about the real estate market for 2018 of your own? Share them with us!
Visit our Facebook page and post your real estate predictions for 2108. https://www.facebook.com/remaxgateway/
Inventory levels are still low, but the market is just like the weather today “hot” (for January in Northern Virginia)! Learn more in Scott’s latest Market Minute message.
If you would like to talk about your specific situation, give me a call at 703-652-5777 or email me at scottmacdonald@remax.net
Scott's Motivation and Real Estate Market Updates 