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Properties On The Potomac's Realty News

February, 2025


IN THIS ISSUE


What Not To Do When Selling Your Home


Unless you've never bought or sold a house before and have never looked at home listings or watched a single show about real estate (which is pretty hard these days), you have some semblance of an idea of how your home should look when you go to sell it. You probably also have a clue about how best to show off that home in photos (or, at least, you know the importance of showing off that home in photos), even if you personally lack the skill to take them yourself.


But what happens when you ignore the rules? Does a hot market render them irrelevant? Is it OK to list a home for top dollar when the condition is more fixer-upper?


The truth is that if you want good money for your home, you have to do a little work to get it "show ready." Buyers expect to be able to walk in to a clean, decluttered home - at the very least. If it's not updated, it better at least look like it's move-in ready.


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

Why Price Shouldn’t Be the Only Driver in the Search for Your First Home


Buying your first house? You’re likely driven mainly by budget, but there are some other important considerations you may not have thought of that can help you find the perfect place. Not only can these tips help you find a home that really suits your lifestyle, but also helps you afford to live there comfortably. Read more...


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

Pending Home Sales Waned 4.6% in January


Pending home sales pulled back 4.6% in January according to the National Association of REALTORS®. The Midwest, South and West experienced month-over-month losses in transactions – with the most significant drop in the South – while the Northeast saw a modest gain. Year-over-year, contract signings lowered in all four U.S. regions, with the South seeing the greatest falloff.


"It is unclear if the coldest January in 25 years contributed to fewer buyers in the market, and if so, expect greater sales activity in upcoming months," said NAR Chief Economist Lawrence Yun. "However, it's evident that elevated home prices and higher mortgage rates strained affordability."


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

Are Your Homebuying Tactics Outdated? 5 New Rules for Buying a Home in 2025


Still, many buyers have come into 2025 wondering: What's the best way to approach the market?


Here are five old rules that no longer apply to the current real estate market—plus new ones that will take their place this year.


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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

Found a Buyer on Your Own? Here’s Why You Still Need an Agent


So you're ready to sell your house — but before you even get a chance to snap listing photos and put it on the market, a buyer comes along and makes an offer.


But keep in mind, you still need an agent. Why? Well, though it might seem like a straightforward transaction between a seller and buyer once an offer is accepted, it is usually not all that simple. You still have a marathon to finish before getting to the closing table.


Which means you'll still need to pay that agent commissions. But don't worry, it will be worth the money. We've broken down the home-selling process into steps to see what an agent could help you with.


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