Post Content

Ask McEnearney: What Are The Most Common Seller Questions?

This week’s Q&A column is sponsored and written by Jillian Keck Hogan Real Estate Group and McEnearney Associates Realtors®, the leading real estate firm in Alexandria. To learn more about this article and relevant Alexandria market news, contact Jillian at 703-951-7655 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: When is the best time to sell?

Answer: If you are considering selling for the first time, you may find yourself debating, when is the best time to do so?

In Northern Virginia the number of homes on the market at the end of May 2020 was down 31.3% compared to the end of May 2019. For roughly the last 5-7 years we have experienced a seller’s market, but now more than ever, we are in need of inventory for buyers in the D.C. Metro area. Demand for housing proves to be strong as we enter the second half of the year.

As long as interest rates remain historically low and consumer confidence is high, we should expect to see these trends continue. If you are considering selling, now is a great time to reach out to a professional real estate agent to discuss your options. We’d be thrilled to interview for the job!

Question: Should I make updates prior to selling?

Answer: If you are considering beginning a major renovation, stop. Renovations can be costly and time consuming. However, homes that are positioned well in terms of price and condition will tend to move faster with an accepted offer upon hitting the market.

First impressions are important. We always recommend hiring a professional photographer for marketing materials. If you own a condo in a high-rise building, preparing for the market may be as simple as neutralizing paint colors and decluttering your closets. While a single family home may want to spruce up its curb appeal with new shrubbery, mulch and freshly cleaned windows. It would be wise to consult with a professional, free of charge, before making any moves.

Question: What is my home value?

Answer: It is important as a seller to remember that memories and emotional feelings of attachment toward a property are not seen as valuable to a buyer. If you want to meet with a realtor to discuss your home’s value, begin collecting any and all documentation you have in advance of that meeting.

Examples of documentation are as follows: age of systems, maintenance records, service contracts and a list of upgrades. Providing these details upfront will help give a buyer peace of mind knowing the home had a great caretaker and add value in their eyes.

If a buyer is using financing to purchase your home, they will likely need an appraisal inspection as a condition of their loan approval. In order to gain an estimate of what a buyer may be willing to pay for your home and an estimate of the appraisal value, you will want to review the home sales that have closed most recently and are the most similar to your property.

Whether renting or buying, always consult with your local real estate agent for advice. We’d love to help you with the process! Contact one our team members today — Jillian Keck Hogan, Kristina Eells and Adrianna Vallario.

If you would like a question answered in our weekly column or to set up an appointment with one of our Associates, please email: [email protected] or call 703-549-9292.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314. www.McEnearney.com Equal Housing Opportunity. #WeAreAlexandria

Recent Stories

A 17-year-old Arlington resident has been charged with possession of  firearm by a minor, after another 17-year-old was fatally shot in a West End hotel room. The shooting occurred at…

It’s been a busy week in Alexandria. As teachers fought for a pay raise, Alexandria City High School (ACHS) students walked out of the classrooms in protest against Alexandria City…

(Updated 2:30 p.m.) The recently formed Alexandria Minority Business Association (AMBA) shared frustrations about a lawsuit putting a planned grant program on hold. The City of Alexandria approved a grant…

Yesterday, the tourism bureau Visit Alexandria presented a new logo to be used in marketing for the city. Reception online was mixed. The logo features the city’s name in lowercase…

Bespoke women’s clothing designer, A.Oei Studio, is opening a fashion pop-up in Old Town Alexandria.

From Feb 2nd – March 29th, shop contemporary ready-to-wear pieces, view unique textile selections, and schedule a fitting for custom-made dresses, bridal and qipao.

Handcrafted in D.C., A.Oei Studio aims to offer an alternative vision of fashion – one that is centered around sustainability, artistry and personalized services.

Read More

Submit your own Community Post here.

Hi, my name is Moneim Z., and I am a blind male with chronic kidney disease, who needs a living kidney donor for a transplant. My blood type is B+, and I can accept a kidney from individuals who have blood types B and O.

To read my story, please see the attached letter.

To contact me directly, please email me at [email protected] or call at 571-428-5065. My living donor coordinator at INOVA Hospital, Amileen Cruz can be reached at (703) 776-8370 , or via email at [email protected]

Thank you!

Read More

Submit your own Community Post here.

×

Subscribe to our mailing list