Expectations.....

One of the common phrases we operate by and say on a frequent basis when we are out looking at homes with you or talking about selling your home is "When expectations don't meet reality there is frustration."
One of our main goals is to set realistic expectations not only about the home buying/selling process and the market but also what you can expect from us.

One of the ways we try to do this - especially regarding the current real estate market - is by offering you the most up-to-date information and statistics we can. To try and make it as convenient and accessible as possible we also offer all of this information on our website (You can access it by clicking here).
All of these statistics allow us to educate and help you set realistic expectations when you set to write an offer or begin reviewing offers on your home. A great example that highlights what the market is doing and what a home will realistically sell for is the Average Sold Price to Original List Price ratio graph. 
If you didn't know we are currently in a seller's market in the DC area as we are experiencing low inventory in most price ranges and home types and that is matched with low interest rates which is attracting more buyers.

If you are looking to buy you'll likely ask us at some point what will this house likely sell for?
More than likely we'll send you Average Sold Price to Original List Price ratio graph along with area comps to try and help you see what percentage of the original list price this home will likely sell for. To further highlight this I've included Average Sold Price to Original List Price ratio graphs for Northern Virginia, Washington DC and the Maryland Suburbs.

As you'll see if you are looking to put in an offer on a home that just went on the market more than likely that home will sell for close to 100% of its list price and with each 10 day period after there is a slight reduction in the percentage. If you have questions about this or are looking to purchase a home or sell please don't hesitate to call or email us at any time.