View on Website
Properties On The Potomac's Realty News

August, 2024


IN THIS ISSUE


What Is a Buyer’s Agent? A Trusted Guide Who’ll Help You Find a Home


Ready to house hunt? It’s a jungle out there: Prepare for a flurry of paperwork, stampedes of buyers competing for the same digs, and other challenges before you get your hands on those house keys.


You might have heard of buyer’s agents, selling agents, listing agents, and so on. You’re a buyer, so what is a buyer’s agent?


True to their name, buyer’s agents are ethically obligated to work in a buyer’s best interest. They help real estate buyers navigate the real estate market and can also save you tons of time on the road to your new home.


Full Story:
Click Here



FOR ALL YOUR REAL ESTATE NEEDS CONTACT Krasi Henkel at (703) 624-8333, krasi@propertiesonthepotomac.com, https://www.propertiesonthepotomac.com

The Real Estate Commission: How Much Are Agent Fees?


If you hire a real estate agent to help you buy, sell, or rent a house, this professional gets paid through the average real estate commission. So how much do you pay, and what for? Is there any wiggle room to negotiate this fee or the closing costs associated with it?


Allow us to tell you everything you need to know about real estate commissions, from who pays what to where that money goes during a real estate transaction.


Full Story:
Click Here



PLANNING TO BUY? PLANNING TO SELL? CONTACT Krasi Henkel at (703) 624-8333, krasi@propertiesonthepotomac.com, https://www.propertiesonthepotomac.com

Existing-Home Sales Advanced 1.3% in July, Ending Four-Month Skid


Existing-home sales improved in July, breaking a streak of four consecutive monthly declines, according to the National Association of REALTORS®. Three out of four major U.S. regions registered sales increases while the Midwest remained steady. Year-over-year, sales rose in the Northeast and West but retreated in the Midwest and South.


"Despite the modest gain, home sales are still sluggish," said NAR Chief Economist Lawrence Yun. "But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates."


Full Story:
Click Here



THINKING OF BUYING? See thousands of Hot Properties at https://www.propertiesonthepotomac.com

Cheap Tricks: How To Prep Your House To Sell When You’re Broke


If you’re planning to sell your home anytime soon, you’ve likely heard one phrase repeatedly: curb appeal. In other words, you have to make your well-loved, lived-in home catch the eye of potential buyers in the best possible way.


“Buyers are making decisions about your listing in the first seven seconds of arriving,” says Tiffany Szakal, agent and managing broker at The Local Element in Grand Rapids, MI.


But it usually takes a lot of elbow grease—not to mention a large check—to spruce up your house to sell.


Full Story:
Click Here



WHO DO YOU KNOW THAT'S PLANNING TO BUY OR SELL? CONTACT Krasi Henkel at (703) 624-8333, krasi@propertiesonthepotomac.com, https://www.propertiesonthepotomac.com

How Much House Can You Reasonably Afford?


There’s a term called house poor, and it’s something you absolutely want to avoid.


When you hear someone saying they’re house poor, it means they’re spending a significant portion of their income on all-things related to housing. This can include their mortgage payments but also maintenance, utilities, insurance, and taxes. When you’re house poor, you can’t afford many other things, and certainly not big extras like vacations.


Being smart when you buy a home and knowing what you can realistically afford can help you avoid being house poor.


Full Story:
Click Here



If you found this newsletter helpful, we grant you permission, and strongly encourage you, to e-mail it to a business associate or a friend. Thank you.


To Unsubscribe, send a message to: editor@renewsletters.com.