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Question: How do I balance purchasing and selling a home at the same time?

Answer: To meet the needs of today’s seller-friendly market, agents must juggle more than ever before to bring all the pieces together. I am often asked which should come first: finding my dream home or selling my current home?


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Question: How hard is it to sell a home in today’s market?

Answer: The short answer, it’s not too difficult to sell a home in today’s market. The longer answer is, to sell a home well in any market, it takes skill, expertise and experience. Selling a home well involves a lot more than just putting a sign in the yard or even getting it sold. Selling a home well means getting the home sold at the best price possible, with good terms for the seller and with the least amount of stress.


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Question: How did the real estate market for the second half of 2020 compare to 2019 in the City of Alexandria?

Answer: The City of Alexandria rebounded from COVID-19’s impact on the market, but as is true for other close-in jurisdictions, that rebound has been a little uneven.


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Question: What’s the process of divesting look like, and why is it important to do it sooner than later?

Answer: So many people have had to tackle this task, but it was new to me, and I want to share what I have learned from a long weekend. (Yes, this relates to real estate and the human condition.)


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Question: What’s the 20/20 on 2020?

Answer: A year ago, all indications were that 2020 was going to be a good year for the real estate market in Northern Virginia. We started off strong, then COVID-19 hit, massive shutdowns followed and the market fizzled. For a few weeks in late March and early April, no one knew what to expect. Then, rather quickly, the market began to rebound, and by the beginning of June 2020 amidst so much strife and uncertainty, Northern Virginia experienced a full-fledged “spring market effect.” That active market continued to the end of the year.


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Question: How did the challenges in 2020 affect the real estate market in Alexandria?

Answer: It is a good thing I had my two-week winter vacation in St. Martin right before the lockdown, because surprisingly enough it was extremely busy from the minute I got back in town.


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This week’s Q&A column is sponsored and written by Kim Peele and Hope Peele of The Peele Group and McEnearney Associates Realtors®, the leading real estate firm in Alexandria. To learn more about this article and relevant Alexandria market news, contact The Peele Group at 703-244-5852 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: Is this a good time to buy an investment property?


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