12/18/13
Conveniently located main level condo with a renovated kitchen, private fenced in patio, dual-sided fireplace and so much more!
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11/25/13
Buying a Home in the Winter
Less Competition, More Leverage
Since spring and summer are the most active real estate seasons, many home sellers wait until then to list their homes. That means there are fewer homes for sale in the winter, but the sellers often have strong reasons to sell their homes soon, such as job relocation. These motivated sellers can be a boon to the home buyer.
While there are fewer homes to choose among, the smaller selection can save you a lot of time. Do you really want to traipse through 50 houses? It may be simpler to view the handful of homes for sale in the winter and choose the one that best suits your needs.
Just as there are fewer homes for sale during the winter, there are fewer buyers, too. That means less competition and sellers who are more willing to accommodate potential buyers. Use this knowledge to your advantage. Offer a relatively low (but not insultingly low) bid for the home you’ve selected, or ask for perks such as the living room furniture or the chandelier that you admire. The low number of potential buyers also means you have more time to make your decision. In the spring, you often need to choose a home and act quickly, but in winter you may be able to take your time.
Assessing a Home’s Winter Fitness
Viewing homes in the winter lets you see how it holds up to the weather. Did you feel cold while looking through the house? Is there a functioning heating system and hot water? Are the windows letting in drafts?
Availability of Agents and Others
Another advantage of buying a home in the off-season is the greater availability of industry professionals. Real estate agents will have fewer clients and more time to focus on your home search. Lenders will be more accessible for questions and assistance. Some lenders even waive fees during the off-season to encourage borrowers to use their services. Likewise, movers tend to lower their costs during the winter months.
Gray Gardens or Winter Wonderland?
Home buyers can be turned off by the bleak look of prospective homes in winter. Bare trees and lawns covered in gray snow aren’t the most picturesque. However, you’ll be able to see how well neighbors tend driveways and sidewalks, whether the town plows or salts icy streets, and whether kids come out to play in the snow. Around the holidays, you might even see the neighborhood decorated in its winter finest.
Source: Realtor.com
If you are looking to buy or sell this holiday season contact us! We are the top 1% in the nation and licensed in Washington, D.C., Maryland, and Virginia.
Contact Info:
Mynor HerreraKeller Williams Capital Properties
License 611201
(301) 437 - 1622
For sale by agent/broker
11/22/13
FOR RENT: Beautifully renovated 3BR/2.5BA home in sought after neighborhood of Hillandale
DESCRIPTION
Mynor & Associates proudly presents:
902 Balmoral Drive
Silver Spring, MD 20903
Charming home in the sought after neighborhood of Hillandale. Among this home's many features are its gleaming hardwood floors; its large and renovated kitchen with stainless steel appliances, granite countertops and a fireplace; a formal dining area with chair railing; a spacious living room with crown molding and a second fireplace; gorgeously renovated bathrooms; an ample family room with a third fireplace in the basement; a screened-in porch; a garage and so much more! Located near dining, shopping and minutes away from both Silver Spring & Forrest Glen Metro stations!
This home will not last long, submit an application today!
Mynor Herrera, GRI
Top 1% Realtor® Nationwide
Licensed Realtor® - DC, MD & VA
Partner, Keller Williams Capital Properties - BCC Office
Board of Directors, Greater Capital Area Assoc of Realtors
Keller Williams Capital Properties
7801 Woodmont Ave. 2nd Fl.
Bethesda, MD 20814
mobile: (301) 437-1622
office: (240) 383-1350
e-fax: (240) 235-7066
mynor@mynorandassociates.com
DreamHomesByMynor.com
RENTAL FEATURES
- Living room
- Dining room
- Master bath
- Family room
- Storage space
- Basement
- Bonus / Rec room
- Sun room
- Stove / Oven
- Refrigerator
- Dishwasher
- Microwave
- Garbage disposal
- Stainless steel appliances
- Freezer
- Yard
- Lawn
- Central heat
- Central A/C
- Ceiling fans
- Hardwood floor
- Tile floor
- Granite countertop
- Fireplace
COMMUNITY FEATURES
- Near transportation
- Off-street parking
- On-street parking
- Garage - Attached
LEASE TERMS
Tenant responsible for all utilities and must obtain renter's insurance.
ADDITIONAL LINKS
- Website: http://www.idxre.com/toppicks/45336?hid=52924
Contact info:
Mynor Herrera
Keller Williams Capital Properties
301-437-1622
11/18/13
October Settlements Up; Inventory Up Over 2012
Inventory for single-family homes rose in the District during the month of October, and inventory also increased in Montgomery County for both condos and single-family homes. Settlements remained strong in both jurisdictions.
Washington, DC
The average number of days on market was down 29.4% compared to October 2012. The median price for condos was up 6.6%, and single-family homes saw an 14.9% increase. Condo inventory remained less than last year with 3.3% fewer listings, but single-family listings increased slightly, 4.3%. Condo contracts rose 23.5%, and condo settlement activity saw a 17.8% increase over 2012. Single-family contracts rose 12.6%, while single-family settlements enjoyed a robust increase of 34.3% over October 2012.
Montgomery County
The average number of days on market was down 22% from October 2012. Median condo prices saw a 5% increase, with the price of single-family homes increasing by 8.1%. The amount of available inventory increased for condos and single-family homes - 22.5% and 8.2% respectively - compared to October 2012. Condo contracts saw a 22.5% rise in October, and the number of new single-family contracts also increased by 9.2%. Condo settlements increased significantly in October, with a 45% gain, while single-family settlements saw a 20% increase.
Source: Greater Capital Area Association of Realtors
Contact Info:
Mynor Herrera
Keller Williams Capital Properties
License 611201
(301) 437 - 1622
For sale by agent/broker
Washington, DC
The average number of days on market was down 29.4% compared to October 2012. The median price for condos was up 6.6%, and single-family homes saw an 14.9% increase. Condo inventory remained less than last year with 3.3% fewer listings, but single-family listings increased slightly, 4.3%. Condo contracts rose 23.5%, and condo settlement activity saw a 17.8% increase over 2012. Single-family contracts rose 12.6%, while single-family settlements enjoyed a robust increase of 34.3% over October 2012.
Montgomery County
The average number of days on market was down 22% from October 2012. Median condo prices saw a 5% increase, with the price of single-family homes increasing by 8.1%. The amount of available inventory increased for condos and single-family homes - 22.5% and 8.2% respectively - compared to October 2012. Condo contracts saw a 22.5% rise in October, and the number of new single-family contracts also increased by 9.2%. Condo settlements increased significantly in October, with a 45% gain, while single-family settlements saw a 20% increase.
District of Columbia |
October 2013
|
October 2012
|
Change
|
Average Days on Market: Condo &
Single-Family Homes |
36
|
51
|
-29.41
|
Condo Median Price
|
$405,000
|
$380,000
|
6.6%
|
Condo Total Active Listings
|
684
|
707
|
-3.3%
|
New Condo Contracts This Month
|
373
|
302
|
23.5%
|
Condo Settlements This Month
|
305
|
259
|
17.8%
|
Condo Absorption Rate (Total Active Listings /New Contracts)
|
1.83
|
2.34
|
-21.8%
|
Single-Family Median Price
|
$599,950
|
$522,000
|
14.9%
|
Single-Family Total Active Listings
|
710
|
681
|
+4.3%
|
New Single-Family Contracts This Month
|
447
|
397
|
12.6%
|
Single-Family Settlements This Month
|
360
|
268
|
34.3%
|
Single-Family Absorption Rate (Total Active Listings /New Contracts)
|
1.59
|
1.72
|
-7.6%
|
Montgomery County
|
October 2013
|
October 2012
|
Change
|
Average Days on Market: Condo &
Single-Family Homes |
46
|
59
|
-22.03
|
Condo Median Price
|
$219,900
|
$209,500
| 5.0% |
Condo Total Active Listings
|
500
|
408
|
+22.5%
|
New Condo Contracts This Month
|
267
|
218
|
22.5%
|
Condo Settlements This Month
|
248
|
171
|
45.0%
|
Condo Absorption Rate (Total Active Listings /New Contracts)
|
1.87
|
1.87
|
0%
|
Single-Family Median Price
|
$462,000
|
$427,500
|
8.1%
|
Single-Family Total Active Listings
|
1971
|
1821
| +8.2% |
New Single-Family Contracts This Month
|
795
|
728
|
9.2%
|
Single-Family Settlements This Month
|
667
|
556
|
20%
|
Single-Family Absorption Rate (Total Active Listings /New Contracts)
|
2.48
|
2.50
|
-0.8%
|
Source: Greater Capital Area Association of Realtors
Looking for a Realtor who is always up
to date on the current market conditions? As top 1% in the nation, I
offer my clients valuable information on all real estate matters. I am
licensed in Washington, D.C., Maryland, and Virginia. And I specialize
in Bethesda and Chevy Chase, as well as the subdivisions of Rosemary
Hills, Rock Creek Forest, East Bethesda and Whitehall Condominium. Contact me today!
Contact Info:
Keller Williams Capital Properties
License 611201
(301) 437 - 1622
For sale by agent/broker
11/15/13
OPEN 1-4P SUN 11/17 - Unique home sitting on a nearly 30k foot lot, in a great location, at a great price!
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NEW LISTING: Lovely home on a quiet street yet close to retail, dining and more!
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