Local Real Estate News A recent post by Curbed D.C. suggests that homeowners looking to sell should put their home on the market one month earlier than the national average for the best results.
In D.C. proper, put your house on the market between April 16 to 30. During this time frame, listings sell an average of 18.5 days faster and 1 percent higher. Nationally, the best time to sell a home is between May 1 and May 15, according to a new analysis from Zillow.
Zillow said that D.C.’s earlier “best sell date” is due to distinct climate changes in the area. If sellers follow Zillow’s advice, their listing will most likely sell 18 days faster and 1.1 percent higher.
For some, retirement is just the next chapter of life — an empty nest and the opportunity to relocate to a place filled with sun, sand and warm breezes. However for others, relocating to warmer climates can make retirement a bit challenging especially if leaving family, friends, the beauty of four seasons and making ends meet on a strictly fixed income.
One of the most important aspects in the “underwriting triangle” is the credit score. Not only is credit elemental to the loan approval, but also has an impact on the monthly payment. Of the three critical underwriting elements and aside from the down payment, credit (typically calculated using the FICO scoring models) is the only one for which pricing adjustments are made as the variable changes.
Here are the five least expensive options for buyers to become homeowners in Reston.
2313 Freetown Ct., #2B — This 2 bedroom, 1 bathroom basement condo unit in Glenvale offers 884 square feet of living space. Built in 1973, the development offers on-site parking (unassigned), in-unit washer/dryer. The condo fees ($330/month) cover water, reserve funds, lawn care, heat, gas and trash removal. Listed at $155,000.
Prepare for the spring real estate market now, before it’s too late. Ever wonder why spring is the most popular time to buy and sell? Here’re a few reasons why you want to be an early bird and get the big worm.