Answer: Well, the short answer is, probably yes! And the long answer is also yes, but here’s why — and how you can get that home. It’s definitely worth understanding the “whys” of pricing strategy if you plan to buy or sell a home in 2021.
As a buyer, you are probably wondering, “Why don’t sellers just advertise the price they want?”
Question: What is full market exposure?
Answer: Full market exposure means that every qualified buyer has full access to every home on the market for sale, because property listings are in BRIGHT MLS — our region’s Multiple Listing Service. With the MLS and our affiliation with Leading Real Estate Companies of the World®, your home instantly distributes to more than 50,000 websites regionally and around the world. No matter the listing brokerage, your benefit is much greater if you publicly market your home.
Question: What can you tell me about schools?
Answer: “Class, today’s subject will be schools. Who can tell me which is the best school? Realtor, maybe you would like to answer this question? I’m sure you know where the best schools are located! You help buyers and sellers in different neighborhoods every day and must have the inside scoop!”
Question: Do you have any suggestions for people who are trying to buy a home in this hot market?
Answer: Your question is one that the majority of buyers are asking during the strong seller’s market we have seen in 2020 and 2021. Buyers are experiencing competition in almost every style and price range and find themselves writing multiple contracts that result in a bidding war with 10+ other offers.
Question: Should I move before putting my home on the market?
Answer: This question comes up very frequently. Even in a hot “seller’s market,” like the one we are in now, sellers still want to put their best foot forward to ensure that their home will receive the best offer. Like most real estate decisions, it really depends on what works for each individual. Here are a few things to consider with your Realtor when you are deciding on your moving timeline.
Question: How do I begin to understand buying or selling a home?
Answer: Build your real estate dictionary.
Question: I’m moving into a new home. How do I decorate the space?
Answer: Determine the purpose and vibe!
This week’s Q&A column, sponsored and written by McEnearney Associates Realtors®, the leading real estate firm in Alexandria, is a bit of a departure from our usual format. To learn more about this article and relevant Alexandria market news, contact us at 703-549-9292. You may also submit your questions to McEnearney Associates via email for response in future columns.
Produced by ACT for Alexandria, Spring2ACTion is an annual day of online giving that happens every April. Last year, a few weeks into the COVID-19 pandemic, the Alexandria community gave more than $2.4 million to support 156 nonprofit organizations that are important to us… but we can do more!
Question: What does a contingency period mean?
Answer: Like any industry, real estate has a ton of lingo that isn’t common to most people. To me, it’s incredibly important that someone who is buying or selling a home has all of the information and resources that they need — before the stakes get high! There is nothing worse than trying to make a difficult decision when you are unfamiliar with the terms.
Question: What are residential closing costs and how do they affect me?
Answer: One of the realities associated with the purchase and financing of residential real estate is the fact there will be transaction costs generally referred to as closing costs. Understanding, well in advance, what those costs will be is useful in planning for the purchase.
Question: Have the stars aligned for downsizing?
Answer: Despite the pandemic, or partly because of it, the seller’s market in real estate has continued. A several-years-long trend toward fewer houses on the market has only become a more acute shortage. As we all obeyed stay-at-home orders, even fewer of us were selling our houses than in prior years.
