Browsing Category Thoughts, etc.

Not real estate related

Channel 29’s Storm TeamCoverageBreak out the bright red jackets! We had a dusting of snow today! Really – on screen one of themeasurements (besides 1/4 inch) was a “dusting.” The story of the snow was swiftly followed by one stating that the cost of bread and milk was remaining stable at local grocery stores.I haven’t seen WCAV’s news yet, but their website does have a “Snow Alert” but at least they say that “Only about a half inch will accumulate with higher amounts to the north in northern Virginia and Maryland.”

Read More

Raising prices when a house doesn’t sell?

Hmmm – this new construction house has been on the market for a while – what should the Sellers do? Why, raise the price, of course! If a property has been on the market for an extended period of time with no takers, very frequently the builder/seller will simply raise the price to cover their costs, be they debt services, etc. The demand in our market is such that this rarely backfires on the builders/sellers – unique, huh?

Read More