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You hear them all the time: median prices, daysclosed sales on market, list to sold ratio, year-to-year comparisons, and so on, and so on.  For many people, these real estate statistics can be confusing if not intimidating. However, there’s one factor that’s easy to grasp: your local realtor is best-equipped to use local market statistics to help you arrive at a list price when selling your home.

The key word here is local. Supply and demand drive markets; and in real estate, all markets are local.  Each area, town, city, region is subject to particular trends that median soldaffect the local real estate market.  And, although a rising tide lifts all boats, global factors (such as interest rates) are only a part of the overall mix behind how quickly you sell – and for how much.  In addition, an experienced realtor can go beyond the city-wide or county-wide statistics and show you what’s influencing the market in your neighborhood.

Your Hunt Country Team has the experience and training to help you understand these market stats FROM A LOCAL PERSPECTIVE in order to set the most effective selling price for your home.  And they can show you how over-pricing, even under-pricing, are likely to result in a longer time on market and a lower selling price.

What influences a sale in Arlington may or may not be a factor in Leesburg.  Average “days on market” statistics in Fairfax don’t necessarily indicate how quickly a Purcellville listing will sell.  .  Using these statistics, along with comparable recent sales in your neighborhood, the Hunt Country Team will help you determine how to maximize the return on your investment.

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So, do follow the market news but don’t let the statistics overwhelm you.  Instead, call your Hunt Country Team for a no-cost, no-obligation home valuation.  (All data samples included here are for Loudoun county from July 2016 and are based on MRIS data)

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2016-08-05_9-38-22Upgrading your kitchen?  Remodeling a bathroom?  Finishing your basement?  Regardless of the project, home remodeling can be a stressful time for the entire family.  You’ve still got the kids to watch, a job to do, and routines to keep up. Hiring a contractor for your project is usually a better solution but even outsourcing the work can bring some additional stresses.

Depending on the scope of the project, your contractor and their workers will be in your home for days, perhaps weeks.  In order to make the experience as stress-free as possible, here are some simple tips to follow before embarking on your home remodeling project from our friends at House Logic.  (Just click the picture below to see the full article)

And, if you need recommendations for local contractors for projects ranging from cabinet refinishing to roof repairs, from landscaping to painting, or for just about anything you’re considering to get your home ready to market, give us a call!

 

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Click above for full article from House Logic

 

 

firstfriOne of the many wonderful things about living in Loudoun County is the “First Fridays” event in Leesburg.  Local merchants and  eateries stay open late, locals and visitors meander through the historic district, and strains of live music can be hear from multiple venues.

This coming Friday, August 5, Leesburg’s First Friday event features a wine tasting an art show at the visitor center.  Over 45 specialty shops, art galleries, antique shops and restaurants are open until 9pm or later,  many offering free refreshments and specials.

Click the snippet above for a full-size map of First Friday merchants

Click the snippet above for a full-size map.

This gorgeous home in McLean was under contract within 3 days of putting it on the market.  Call Paul at Hunt Country today to see how he can do the same for you.  Combine his experience with a property that is priced right, and an aggressive online marketing campaign, and you can see the result!  Click the photo below for full details on this listing.

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According to Zillow’s chief economist, home prices are likely to rise 3.5% during 2016. If you’ve been on the fence about buying a home, 2016 is the year to take the plunge. We really liked this article from CNN Money. And we hope you do, too!

1. Home prices will finally calm down
2. More homes will hit the market
3. Dirt cheap mortgages could disappear
4. Rents will still hurt

 

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