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Welcome to Our Real Estate Blog!

Read our latest insights into the Greater Washington real estate market, including Maryland, Virginia and Washington, D.C. Our team of expert real estate professionals at RE/MAX Realty Group have a finger on the pulse of the local market. Stay tuned for news and analysis on all the most important topics pertaining to real estate and home ownership in Maryland, D.C., and Northern Virginia.

 

7 Tips for Packing and Moving Quickly

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(RE/MAX Blog)- The sudden victory of Theresa May, Britain's new prime minister, meant former Prime Minister David Cameron had to vacate 10 Downing Street in about 48 hours. Needless to say, Cameron did not pack his own dishes. Professional movers arrived with a reported 330 boxes, 30 rolls of tape and three rolls of bubble wrap. Hopefully when you move, you'll have more lead time – and just as much help. But in case you don't, here are a few tips to help maximize what time you do have.

1. Gather your tools
Pick a place to be your packing station so you don't waste time constantly wandering the house, hunting for your Sharpie or the right-sized box. Stock it with plenty of tape, boxes of various sizes, bubble wrap, newspapers and markers.

2. Stick to a strategy
Pack vital things together, in specially marked boxes. This includes what you'll want on your first day, like sheets, pet food, electronics chargers, toiletries and a change of clothes. Then pack one room at a time and label boxes by room. It's helpful to color code rooms, whether with markers or strips of duct tape.

3. Use plenty of trash bags
To avoid confusion, buy them in two colors, one for packing and one for throwing things away. Don't be afraid to pack clothing and linens in the big plastic bags. You can squish them in between boxes to save space.

4. Fill your drawers
If you're using professional movers (and not friends with sensitive backs), pack your dresser drawers full. Otherwise, you're wasting space.

5. Watch your weight
Fill big boxes with lightweight items and small boxes with the heavy stuff. It'll help prevent the boxes from breaking down.

6. Don't get hung up on clothes
Wardrobe boxes make it easy to simply transfer your clothes on hangers rather than bothering with unhanging and folding.

7. If you've got the bucks…
Use professional packers. You can hire them to pack your whole home, just a room or a group of time-consuming items, like your extensive collection of fragile ceramic clowns.

Start your home search today.

6 Lessons Monopoly Can Teach You About Home Buying

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(RE/MAX Blog)

1. Patience
MONOPOLY: So your family has decided to play Monopoly? Refill your beverage, grab a snack and change into comfortable clothes. You’re going to be there a while.

LESSON: Buying real estate is a process. There’s pre-approval for a loan, interviewing agents, searching for homes, submitting an offer, maybe submitting another offer, the home inspection, the appraisal, and final loan processing before you get the keys. Needless to say, buying a home can take some time. Instead of getting frustrated, focus on all of the great reasons you decided buying  a home was right for you. Staying in close communication with your agent throughout the process will help, too.

2. Neighborhood matters
MONOPOLY: Everyone starts the game with one corner in mind: Boardwalk and Park Place. The highly priced properties have the best returns on investments, and the players who snag them first tend to do well in the game.

LESSON: Location is often a major consideration in real life as well. Home values, your lifestyle and so much more are factors in your neighborhood choice. Work with your agent to learn all you can about the neighborhoods that pique your interest.

3. Keep an open mind
MONOPOLY: Baltic and Mediterranean Avenue have a bad reputation because they’re the cheapest properties on the board, but they also present opportunity. Add a few houses and hotels and your return could be bigger than the one on nearby Connecticut Avenue.

LESSON: Keep an open mind when shopping for a home. An up-and-coming neighborhood may have appeal you didn’t see before, and more value for your budget.

4. Be prepared
MONOPOLY: You’re a Monopoly mogul! You have a handful of desirable properties and a steady stream of income from your houses and hotels. Then comes the Chance card: “Make general repairs on your property – for each house pay $25, for each hotel pay $100.”

LESSON: You never know what card you’re going to draw. But unlike Monopoly, the real world has home insurance available to help you prepare for unexpected repairs and disasters. A variety of plans, customizable to any budget, are available. Some homebuyers also opt for warranties covering potential appliance issues after move-in.

5. How to win a bidding war
MONOPOLY: Trading properties keeps Monopoly exciting. And there are no strict rules as to how a seller determines to accept an offer. Sibling rivalry, bribes involving candy or even business sense can play into a player’s decision.

LESSON: Sellers don’t always accept the highest offer. Writing a letter about why you fell in love with their home can sometimes sway their decision in your favor.

6. The importance of strategy
MONOPOLY: Monopoly is a game of strategy, but few players are inclined to study ways to win. What if you had a coach sitting next to you, advising how much to bid for a property, where to look next, and whether or not mortgaging a utility to buy Boardwalk is a smart idea? You would be unstoppable!

LESSON: Buying a home is an infrequent occurrence; for some it happens only once in a lifetime. Wouldn’t it be helpful to have someone on your side who was up-to-speed on laws for your state, knew which neighborhoods would best fit your lifestyle and offered to help you navigate a bidding war? That’s the value an experienced agent provides.

Let us help you start your search for a new home today.

8 Ways to Give Back to Your Community During the Holidays

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(RE/MAX Blog)- Looking for ways to give back this holiday season? Here are a few ideas.

1. Go for wags and wiggles

Local animal shelters always need an extra hand, whether it's for walking dogs, socializing cats or the critical daily chores required to save homeless pets.

2. Yes you can

Clear your cabinets of canned food and other non-perishable items – or fill a shopping cart at the store with items to donate – and drop them off at your local food bank.

3. Schmooze with seniors

Volunteer at a local senior center and spend time with an older person who might be feeling especially lonely around the holidays.

4. Give fun

The Marine Toys for Tots Foundation collects gifts for kids from needy families. Donation boxes can often be found at local businesses. You can also consider organizing your own collection. Learn more at www.toysfortots.org.

5. Swing a hammer

Santa's not the only one on the rooftops this time of year. The national nonprofit Habitat for Humanity always has projects going. See where you can help in your neighborhood at www.habitat.org.

6. Help the homeless

From helping to serve a holiday meal at a shelter to assisting with job training, check in with the National Coalition for the Homeless to find out how you can help.

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Buying a Home this Fall? Read This!

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(RE/MAX Blog)- With warm temperatures and long days, Summer has traditionally been the high season for buying and selling real estate. But don't discount these advantages that crop up when temperatures fall.

The long-held belief that summer is the best time to buy a home is fading fast. Savvy home buyers are learning that when fall hits, numerous benefits emerge that simply aren't available other times of the year. 

If you're in the market to purchase a home, there's no need to hang up your house-hunting that until spring or summer. Here are six reasons why now might just be the best time to purchase a home. 

1. Year-End Tax Breaks

As long as you can close on the property on or before Dec. 31, any property tax and mortgage interest paid are tax-deductible for that year. This can dramatically impact the amount of money you owe Uncle Sam, or increase your refund. 

2. Less Competition

The National Association of Realtors recently noted that, in an average year, nearly half of all home sales occur from May to August. Although most people wait until the hustle and bustle of the spring selling season, you'll likely encounter less competition during fall and winter. That means less stress and reduced chance you'll be involved in a bidding war. 

3. Eager Sellers

Sellers become more motivated the longer their home is on the market, especially now that the summer rush is over. If a home has been listed for a while, it may allow buyers more room for negotiation and potentially a better deal. 

4. Cheaper Moving Prices

You're probably planning to hire a moving company in some capacity, whether you're moving across town or across the country. In the fall and winter, moving companies tend to be less busy, which means you might enjoy more flexible schedules and lower prices. 

5. Quicker Transactions

Motivated sellers paired with less-busy title companies may mean a faster closing in fall and winter. Do you want a new home in time for the holidays or new year? It's entirely possible when you house hunt now. 

6. Easier to Outfit Your Home

Need a new couch, cutlery or curtains for your home? Year-end sales are perfect for scoring a deal on these otherwise expensive items.

Start your job hunt today with RE/MAX Realty Group and RE/MAX Realty Group. 

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    First-time homebuyers: You're closer to a down payment than you think

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    (RE/MAX Blog)- For many first-time buyers, saving for a down payment is the most difficult step in the home-buying process. However, it's a common misconception that you need 20 percent down to buy a home.

    Actually, lenders across the country offer mortgage products with very affordable down payments — some as low as 3 percent.

    Owning a home has always been a key component of the American Dream; in fact, many surveys show that 65 percent of Millennials agree that homeownership and the American Dream go hand-in-hand. Home ownership also comes with several benefits like building equity, receiving annual tax deductions and becoming more engaged with the local community. It serves as a stepping stone for long-term wealth creation, too. Historically, first-time buyers have represented 40 percent of all home purchasers, but today they make up about 30 percent, according to the National Association of Realtors. Down payment misconceptions could be to blame.

    "It's safe to say that most first-time buyers aren't aware that there are reasonable loan options available that require less money down," says Geoff Lewis, president of RE/MAX, LLC. "Choosing an option with a smaller down payment can make it possible for potential buyers to enjoy the benefits of homeownership sooner."

    Most popular low down payment options

    * FHA Loans — Traditionally the mortgage of choice for first-time buyers, the Federal Housing Administration (FHA), offers government-insured loans with as little as 3.5 percent down. The most popular FHA loan option, the 203(b), is widely available from lenders across the country. You may qualify with a credit score of just 500, although there may be limitations on some condo purchases.

    * Home Possible from Freddie Mac — This program allows you to put between 3 and 5 percent down, as long as you intend to use the purchased house as your primary residence, and don't currently own or share ownership of another house. You'll also need to complete a required homeownership education program online.

    * Conventional 97 from Fannie Mae — Just 3 percent down is enough to help you qualify for a Conventional 97, as long as you're applying for a fixed-rate mortgage on a single-family home that's less than $417,000. You'll also need to participate in a homeownership education program, and at least one of the purchasers applying for the loan must be a first-time buyer.

    * HomeReady from Fannie Mae — Another option that requires as little as 3 percent down, HomeReady can offer below-market interest rates. This program also allows non-occupant borrowers to apply; for example, parents can secure this type of loan for a young adult, who's just starting to establish credit.

    In addition to these mortgage options, there are also a variety of down payment assistance programs that may be available through your state or lender. Today, many loan programs allow for down-payment funds to come from third party sources, like cash gifts from relatives.

    Buying a home with a smaller down payment has distinct advantages too. You're less likely to become "house poor," which can happen when you spend the majority of your total savings on home ownership, leaving little cash in reserve for unforeseen emergencies or desirable home improvements.

    Something to keep in mind when considering your loan options: putting less than 20 percent down can also result in the additional monthly cost of Private Mortgage Insurance (PMI). However, if your home value is appreciating, PMI can be eliminated in a few years through refinancing.

    "Homeownership isn't reserved just for people who can afford a large down payment. Mortgages that offer an option for less cash down are making it possible for many to enjoy the American Dream," Lewis says. "Mortgages are like any other product, you have to shop around to find the one that works best for you. Lenders and real estate agents can give you a good idea of what your choices are."

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    9 Tips for Creating the Perfect Guest Room

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    (RE/MAX Blog)- The holidays are coming – is your home ready for overnight guests? Follow these suggestions to create the perfect guest room for friends and family.

    1. Offer reading material

    A pile of recent magazines or a shelf of assorted books offers guests a way to wind down before bed.

    2. Add flowers

    A simple flower arrangement adds class and color to any room.

    3. Provide seating

    Make sure there's somewhere cozy for guests to sit if they need some alone time during holiday chaos.

    4. Make wi-fi connection easy

    Leave a piece of paper with your internet server's name and password on the dresser so guests can easily access your wireless connection.

    5. Did they forget something?

    Fill a basket with sample-sized containers of essentials, like toothpaste, mouthwash and shampoo.

    6. Add a luggage stand

    Put out a folding luggage stand where guests can prop their suitcases to avoid having to squat all the way down to the floor every time they need something.

    7. Make the closet functional

    Be sure to stock the closet with empty hangers for guest's clothes.

    8. Add charm with decorations

    Create a welcoming, calm space for guests. Err on the side of generic. Remember, not everyone wants to sleep surrounded by Star Wars-themed decorations or your horror movie poster collection.

    9. A picture perfect welcome

    Place a framed photo of you and your guest on the nightstand.

    Is your "guest room" your living room sofa? Maybe it's time to look for a larger space. Start the search for your new home with RE/MAX Realty Group/100 today.

    4 Things Only a Realtor (and Not the Internet) Knows About Real Estate

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    (RE/MAX Blog)- According to the National Association of Realtors, 42 percent of homebuyers start their home search online, and 92 percent use the Web during the home search process. While the Internet can be a good place to start looking, there are things real estate agents know about the process of buying and selling a home that can't be found in any Web browser.

    Here are a few.

    1. How to price a home

    When setting a listing price, agents consider scores of factors, from local and national market trends and neighborhood development activity to the latest buyer preferences for kitchen appliances and landscaping. Every home is unique, and an agent with a track record of success knows how to price it attractively in the market.

    The Internet isn't always much help when it comes to comparison shopping, either. Many of the same factors that help an agent set an appropriate listing price aren't available in an algorithm, so online estimators aren't always accurate – and could be costly if you purchase without consulting a real, live professional.

    2. Marketing offline

    While online marketing can certainly be valuable, agents have networks of contacts and years of experience to round out their marketing plans.

    And, for buyers, agents often can tap into their network to learn about great properties before they hit the real estate websites or even the MLS.

    3. Key points in the process

    If you find a home you love online, the website won't be there to guide you through a mortgage application, find a home inspector or advise you what to do if an inspection reveals issues.

    4. How to negotiate

    Having an experienced, professional negotiator drive your transaction can be vital to reaching a fair price for the property you're buying or selling. A website can give you an estimate of how much a property should cost, but it can't evaluate whether that's a great price or not.

    Virtual Reality in Real Estate

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    (RE/MAX Blog)- The day many tech lovers have been waiting for is here: Google Daydream View is now available in stores. The new virtual reality headset connects with a smartphone (specifically, Google Pixel) to immerse users in their favorite games, movies or even the latest news story. And at just $79, Daydream is making VR technology more accessible to consumers than ever before.

    But the uses of virtual reality technology go beyond entertainment. Here are a few ways VR is making its way into real estate.

    1. Open houses

    Virtual reality headsets, about the size of a scuba mask, can provide 360-degree virtual reality property tours of homes. The headsets completely fill the user's field of vision with a view of the home, allowing them to look up, down and from side to side. Developers are working on adding more tactile features to the experience, so users can do things like see their own hand opening a door, reports the New York Times.They're even developing smells. One day Realtors might be able to add the smell of virtually baking cookies to their virtual open house.

    2. Long-distance shopping

    Virtual reality home tours give out-of-town buyers (and local buyers, too) another tool to help narrow down their choices of homes they'd like to physically visit in a limited amount of time.

    3. Staging

    More affordable than hiring a pro to stage your home, several virtual options allow you to add furniture and decorations to vacant rooms using computer technology. It can help buyers envision a property with different furniture and paint.

    There's a lot more to a real estate transaction than VR goggles can replace. Ready to buy or sell your home? Start the process here.

    6 Questions to Ask Yourself Before Buying a Vacation Home

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    (RE/MAX Blog)- Have you and your family fallen in love with a vacation spot and you're wondering whether it makes sense to buy there? Here are some key questions to ask yourself (And keep in mind that a great real estate agent can always help you talk through them!).

    1. Do you really, really love the location?
    It's a good idea to visit the area during the low season. Do you still enjoy it when the ski slopes are green, or when those ocean breezes are too chilly for lounging on the sand?

    2. How often can you get there?
    Calculate how many times a year you'll be able to use the home. Carefully consider the commute as well as your career and family commitments to determine how much time you realistically can spend there relative to the costs of owning and maintaining the property.

    3. Have you talked to the locals?
    Spend some quality time at the local coffee shop or microbrewery and chat with people who live in the area year-round. Ask them what they like, and don't like, about living there – and about any cultural trends they've noticed.

    4. Could you rent your place if you had to?
    Renting out the home when you're not there brings with it a host of other considerations. Does the HOA allow rentals? Would potential renters be interested in the property's amenities, such as a fireplace in a ski town or an inviting deck or patio in a beach community?

    5. What about the taxes?
    Taxes for a second home can be more complicated than those for your primary residence. Talk to a tax pro and learn more about the tax implications for your specific situation, including taxes on rental income if you plan to rent out the place for part of the year.

    6. What's the tab when you're not there?
    Calculate the true, year-round cost of owning the home, including utilities and property management when the home isn't occupied.

    Start your search today for a vacation home in the Washington, DC Metropolitan Area.

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    RE/MAX Realty Group Celebrates 30 Years in Business

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    MONTGOMERY COUNTY, MD- RE/MAX Realty Group celebrated its 30th Anniversary on Sunday, November 6, 2016. The brokerage, which serves real estate agents and clients in the Washington Metropolitan area, opened the doors to its first office in Montgomery County, Maryland in 1986. The office was only the third RE/MAX franchise in the county at the time and it quickly grew to become the largest single office in the RE/MAX system.

    Today, RE/MAX Realty Group has two office locations in Montgomery County and 145 licensed agents. The RE/MAX Realty Group office locations are two of eight RE/MAX offices owned by Broker/Owner Ken Crowley. Crowley, which opened RE/MAX Realty Group with a former business partner, acquired RE/MAX Realty Group, its six offices and 275 agents in 2015. This brought the total for his company to 400-plus agents and nearly $1.5 billion in sales. The acquisition also made RE/MAX Realty Group and RE/MAX Realty Group the number one RE/MAX brokerage in Maryland and Northern Virginia, one of 120 largest brokerages in the United States and the seventh largest brokerage in the Washington Metropolitan area.

    Broker/Owner Ken Crowley credits a combination of hard work and agent loyalty for the company’s success.

    “When our first RE/MAX Realty Group Office opened, RE/MAX was fairly unknown in our marketplace,” said Broker/Owner Ken Crowley. “Yet, even with that against us, there were agents who believed in us and joined our team. It was because of those agents that Realty Group grew into what it is today. The loyalty of all the agents we have today is what continues to allow us to serve our local real estate community. I couldn’t be more grateful.”

    RE/MAX Realty Group and RE/MAX Realty Group have been in business for 30 years and have the reputation of providing quality service to customers and a quality experience to their realtors by providing them with the tools they need to succeed.

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