Real Estate News

1 min read

5821 Jacksons Oak Ct Burke VA 22015

By David Zadareky on Oct 11, 2019 9:53:31 AM

Burke Centre town home priced below comps ready for new owner and restoration.

Attention investors and value minded buyers! With some imagination this property could be transformed into a luxury 3 bedroom / 3.5 bath home over three levels with approximately 2100 sq ft. Alternatively, you could simply move in now and enjoy purchasing below market. Or, turn the home into a rental property, and take advantage of Burke's high rental values adding passive income to your investment portfolio.

Topics: Selling Listings
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1 min read

Compass Concierge Staging Before and After

By David Zadareky on Oct 10, 2019 6:43:22 AM

A home seller's only competitive advantage is the condition of the home when seeking maximum market value. Compass Concierge helps sellers gain that advantage by covering the upfront costs associated with updating your home for sale. Here's a quick look at how Compass Concierge can improve a home's market value with staging. The before and after video shows the difference. 

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1 min read

Persistent Low Inventory Keeps Prices Rising

By David Zadareky on Oct 9, 2019 2:47:31 PM

The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. The latest data reported 61% of respondents indicating prices were higher than a year ago, and 37% of homes were selling at the original list price, or for a higher net price. This indicates demand is still outpacing supply of homes. Which means buyers will still have to compete for the best homes in the most desirable areas.

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1 min read

How Did an Oakland Home Go From Fixer-Upper to Market-Ready?

By David Zadareky on Oct 4, 2019 12:01:49 PM

In today's real estate market buyers are demanding move-in ready homes. Buyers are extremely well informed and have strong opinions about a home's peak market value. When a home is not in peak condition buyers tend to deduct 2-3 times the actual cost to bring the home to peak value. They don't want to deal with the hassle and are unsure of the actual cost. For sellers this means the condition of the home is really their only competitive advantage.

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2 min read

Federal Government Has Dramatically Expanded Exposure to Risky Mortgages

By David Zadareky on Oct 3, 2019 9:58:00 AM

The Washington Post recently posted an article written by Damian Paletta examining the exposure of risky mortgages held by government backed entities. In the article Paletta writes FNMA, FHLMC, and FHA guarantee almost $7 trillion in mortgage related debt.

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1 min read

7 Overdone Home Trends That Are On the Way Out

By David Zadareky on Oct 1, 2019 9:11:46 AM

Home decorating trends are fickle. Trends come and go, and it's important to keep these trends in mind if you are trying to sell your home for maximum value. Remember, just because you like the look and feel of a design doesn't mean everyone else will. As a seller you can choose to target a specific taste, or go for a wider appeal with a more neutral design concept. 

Apartmenttherapy.com recently released an article describing 7 home trends they believe are on the the way out. 

Topics: Selling
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1 min read

Compass Concierge Guarantee

By David Zadareky on Oct 1, 2019 9:09:54 AM

Strategically improving the condition of the home achieves higher profits for the seller from the sale of the home. However, in the past, not every seller could afford the up front costs of these renovations. Determining which project to do, and which vendors to do them, presented additional obstacles for home owner.

Compass has created a process called Compass Concierge to solve this issue. The Compass Concierge program will pay the up front costs associated with preparing a home for sale. The costs are repaid from the sellers net proceeds at settlement. There are no interest charges, or additional mark up fees to the costs of the pre-sale renovations.  The Compass agent helps the seller determine which projects represent the higher return on investment, and help find vendors to do the work for the seller.

Compass recently announced the following guidelines for the program.

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