Blog :: 2016

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.

 

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.

Two RE/MAX Realty Group Agents Appear as Guest Expert on Great Day Washington

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MONTGOMERY COUNTY, MD- RE/MAX Realty Group Real Estate Agents Danielle Mannix and Melissa Bernstein both served as guest Real Estate Experts in October on the channel 9 segment "The Real Deal in Real Estate."


Mannix, who made her appearance on Thursday, October 20, 2016 on Great Day Washington, shared her expert advice for first-time homebuyers. She suggested they keep in mind their long term goals and consider the neighborhood, school district, neighborhood amenities and resale value when purchasing a home. Bernstein, who appeared on the show on Thursday, October 6, 2016, shared guidance on how to navigate the bidding process.


"The most important thing is picking the right agent," said Real Estate Agent Melissa Bernstein. "As a buyer, you want a buyer's agent who has experience in listings because they are going to know what a listings agent is looking for in an offer. Many home sellers are now pricing to attract competing offers."

"The Real Deal in Real Estate" airs every two weeks and features a Lender Expert, Title Expert and Real Estate Expert.

For more information on RE/MAX Realty Group and RE/MAX Realty Group, visit www.ournexthouse.com.

RE/MAX Realty Group and RE/MAX Realty Group have been in business for over 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.

4 Things Your Agent Knows About Negotiating

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(RE/MAX Blog)- Negotiating your deal is one of the most critical aspects of your real estate journey. It's also one of the parts of the process where your agent's experience can make the most dramatic difference. Your home purchase or sale, probably one of the biggest financial transactions you'll make in your life, is not the time to test rookie negotiation skills. Here are just a few things agents, as professional negotiators, know that help them reach the best closing agreement for you.

1. That knowledge is power
In addition to their in-depth knowledge of the market and valuing a home, your agent will have dug into public records about the property and the neighborhood. Your agent will also look into the seller's motivation. Knowing things like whether the seller is under pressure to move quickly can help shape negotiating strategy.

2. How to time it
Sometimes a quick response to an offer is critical. Other times, it's best to keep the other party on the hook. Knowing which strategy to employ is crucial in negotiations.

3. Objectivity is a must
As a professional negotiator, your agent is able to control the process without being affected by the emotions that swirl around real estate transactions for buyers and sellers. Among other potentially expensive missteps, inexperienced negotiators can reveal too much info to the other party, especially during intense, fast-moving negotiations.

4. What to ask for
If you don't ask for something, you won't get it. As your advocate, your agent will know how to ask for things like concessions and repairs in a manner that's most appealing to the other party.

Selling your bike online? Go forth and make a killer deal on that two-wheeler. But when it comes to buying or selling your home, stick with a professional. Real estate negotiation is no place for training wheels.

Halloween Decorations: 5 Reminders to Be a Good Neighbor

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(RE/MAX Blog)- Halloween decorations can be a fantastic way to express your creativity, but don't forget common sense. A few reminders to keep the peace with neighbors:

1. Decorations can be scary for kids

Remember, on Halloween night and during the weeks leading up to the fun, young children will see your decorations. Skip the carnivorous bunny rabbits and too-realistic skeletons.

2. Be mindful with volume (and song selection)

Be respectful if you play scary music on Halloween night or use display motion-activated decorations with soundtracks. Trick-or-treaters in the next county do not need to hear “Monster Mash" on repeat. And your neighbors certainly don't want to hear it past midnight, at the latest.

3. Check the HOA policy on Halloween decorations

Before you invest in constructing the best zombie apocalypse your neighborhood has ever witnessed, make sure your HOA doesn't have any restrictions around decorations, lights or sound effects.
 

4. Choose family-friendly themes

Have fun but don't offend the neighbors. Avoid things like fake tombstones with real politicians' names or decorations featuring religious icons.

5. The witching hour ends at midnight

Please try to take down Halloween decorations shortly after the holiday. Don't despair, it will soon be time for winter holidays.

Start your search today for a home with a porch that's perfect for trick-or-treat
ers. 

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Showing Your Home? Here are 6 Tips to Keep It Tidy

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(RE/MAX Blog)- Keeping your home looking like a furniture showroom for long stretches isn't easy. Here are a few tips to keep your house ready for showings while you're still living in it.

1. Attack the clutter
As you prepare your home for showing, start with a major decluttering. Throw out, recycle or give away things you don't use. Getting rid of junk will make your home more appealing to prospective buyers and free up space for you to neatly store things when it's time to tidy up for a showing.

2. Rent storage space
Keeping things neat is easier when you have less things. An off-site storage unit can help (and you can keep it as messy as you like).

3. Start packing
Packing most of your dishes and large baking and cooking items frees up cabinet space that you can use to stash items you use on a regular basis. It also gives you a head start on packing for your move.

4. Rope off a room – or two
If you can, temporarily rope off rooms or areas from the kids, pets or spouses to contain your mess in a smaller space while your house is listed. But remember to make those rooms look nice, too, before the showing!

5. Buy hiding spots
The home sections of discount stores are filled with attractive fabric boxes and fashionable bins that can simultaneously hide junk and match your décor.

6. If all else fails, stash it under the bed
Invest in a couple of under-the-bed bins that you can use to store everything from socks to kids' toys in when faced with a last-minute showing.

Begin the home selling process today with the number one RE/MAX brokerage in Maryland and Northern Virginia. 

6 Places to Find Furniture You Didn't Think to Look

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(RE/MAX Blog)- Is the cost of furniture causing to you to debate if a kitchen table is a “want” or a “need”? Don’t worry! There are plenty of options for you to furnish your nest without breaking the bank. Here are some good places to start:

1. Check with Craig
Craigslist.org: the 24-hour garage sale where you never need to worry about parking! Not just for used items, many furniture warehouses use the site to move merchandise. Search by style, like “modern” or “shabby chic,” or by brand, such as “IKEA” or “Pottery Barn.” Don’t forget to compare prices on the original sale site to make sure you’re getting a good deal.

2. Give fleas a chance
If you’re patient (and lucky) you can find all sorts of treasures at flea market. Many feature vendors who focus on refurbished pieces, providing a unique way to go green.

3. Antique stores
Just because an item is an antique doesn’t mean it’s not functional. Many stores pride themselves on refurbishing old appliances and vintage pieces for everyday use, so you’re not buying a sofa that’s too fancy to actually sit on. You’ll also discover that the term “antique” is used loosely. A vintage looking chair from 2005 may be hidden among furniture from the 1970s.

4. Estate sales
You can score amazing deals when an owner needs to clear out an entire house. Arrive early and don’t hesitate to haggle.

5. Help clear the floor
Have a favorite furniture or home décor store that’s a bit over your budget? Ask if they ever sell floor models for a reduced price.

6. Online options
Wayfair.com and Overstock.com offer free shipping on purchases over $50. Both have a wide assortment of styles and price ranges on everything from headboards for your kid to cushion beds for your dog.

Wherever you shop, try to avoid the temptation to buy poor quality furniture that may end up costing you more in the long run. That sofa on super-closeout-clearance? It may seem like a steal, but if the material wears out quickly and the style isn’t timeless, you may find yourself on the market for another couch sooner than you would like.

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