The average sales price of a home sold in June was $302,000, about a 3% increase from a year earlier. 559 homes were sold in Prince William County in June, that’s over 28% less than last June. Those homes took on average 49 days to sell. While it’s a huge percentage increase – over 48% – it’s still a very short sales time. Speaking of healthy, based on 519 homes being sold in May there is a 3 month supply of homes in Prince William County. This means that if buyers continued to buy at the same pace as they did in May each month going forward and there were no new homes placed on the market for sale the supply of houses for sale would run out in 3 months. Sellers are getting on average over 96% of what they list their home for. So if the seller listed the home for $100,000 they would, on average, ending up selling it for $96,000. The number of homes for sale increased 3% from a year ago to 1,476 while the number of homes that came on the market was virtually unchanged – 830 homes. The most dramatic percentage change in the numbers I track was the number of new contracts that buyers placed on homes for sale – they increased over 28% from a year ago. This is an indication that buyer activity has surged. This could be a combination of lower interest rates coupled with buyers perception that we are at the bottom of the pricing cycle and prices will likely increase. All of the above factors indicate a very healthy real estate market in Prince William County. If you have any questions about this information or selling your house fast please contact us at the number above.

If you are having trouble selling your house, call us today at 1-877-907-3232 or contact us to get an offer in hours from Express Homebuyers.

The average sales price of a home sold in June was $489,432, an increase of almost 5% from a year earlier. 1,042 homes were sold in Montgomery County in June, that’s over 21% less than last June. Those homes took on average 62 days to sell. While that’s almost a 13% increase – it’s only one more week and is still fairly healthy. Speaking of healthy, based on 884 homes being sold in May there is a 4 month supply of homes in Montgomery County. This means that if buyers continued to buy at the same pace as they did in May each month going forward and there were no new homes placed on the market for sale the supply of houses for sale would run out in 4 months. Sellers are getting on average over 95% of what they list their home for. So if the seller listed the home for $100,000 they would, on average, ending up selling it for $95,000. The number of homes for sale decreased almost 5% from a year ago to 3,554 homes while the number of homes that came on the market decreased by about the same % to 1,430 homes. The most dramatic percentage change in the numbers I track was the number of new contracts that buyers placed on homes for sale – they increased almost 23% from a year ago. This is an indication that buyer activity has surged. This could be a combination of lower interest rates coupled with buyers perception that we are at the bottom of the pricing cycle and prices will likely increase. All of the above factors indicate a very healthy real estate market in Montgomery County. If you have any questions about this information or selling your house fast please contact us at the number above.

If you are having trouble selling your house, call us today at 1-877-907-3232 or contact us to get an offer in hours from Express Homebuyers.

Prices of homes in Prince Georges County have, once again, declined from the previous year – almost 8% since last June, falling to $187,381. Prince Georges County has experienced one of the steepest declines in home values, in the area, over the past four years, with some areas seeing values nearly cut in half. 783 homes were sold in June – this is over a 20% decrease from the previous June. These homes remained on the market for 99 days – an increase of over 11% and sellers are only getting 90% of what they list their house for. This means that if the seller lists his or her home for $100,000 they will end up selling it for $89,600. In terms of supply, in May, 2011 there were 738 homes sold. When you divide this into the number of active listings, this signifies over a 6 month supply of houses. This means that if buyers continued to buy at the same pace as they did in May each month going forward and there were no new homes placed on the market for sale the supply of houses for sale would run out in 6 months. The number of homes for sale has remained virtually the same from a year ago at 4,637 while the number of homes that came on the market decreased 6% to 1,302 homes. The most dramatic percentage change in the numbers I track was the number of new contracts that buyers placed on homes for sale – they increased 67% from a year ago. This is really staggering and an indication that buyer activity has surged. This could be a combination of lower interest rates coupled with buyer’s perception that we are at the bottom of the pricing cycle and prices will likely increase. Additionally, lots of this activity is from investors who are now getting good cash flow returns from rental properties. When values drop nearly 50% and rents stay stable or increase you can imagine how return on investment would skyrocket. If you have any questions about this information or selling your house fast please contact us at the number above.

If you are having trouble selling your house, call us today at 1-877-907-3232 or contact us to get an offer in hours from Express Homebuyers.

The average sales price of a home sold in June was $511,000 , an increase of over 6% from a year earlier. 1,399 homes were sold in Fairfax County in June, that’s almost 17% less than last June. Those homes took on average 44 days to sell. While it’s a 7% increase –it’s only three more days is still extremely fast, signifying a healthy market. Speaking of healthy, based on 1,212 homes being sold in May there is a 3 month supply of homes in Fairfax County. This means that if buyers continued to buy at the same pace as they did in May each month going forward and there were no new homes placed on the market for sale the supply of houses for sale would run out in 3 months. Sellers are getting almost 97% of what they list their home for. So if the seller listed the home for $100,000 they would, on average, ending up selling it for $96,700. The number of homes for sale- 3,555 – has remained virtually the same from a year ago as well as the number of homes that came on the market -1,948. The number of new contracts that buyers placed on homes for sale has increased by over 16% to 1,460 from a year earlier. This could be a combination of lower interest rates coupled with buyers perception that we are at the bottom of the pricing cycle and prices will likely increase. All of the above factors indicate a very healthy real estate market in Fairfax County. If you have any questions about this information or selling your house fast please contact us at the number above.

If you are having trouble selling your house, call us today at 1-877-907-3232 or contact us to get an offer in hours from Express Homebuyers.

The average sales price of a home sold in June was $573,000, an increase of almost 7% from a year earlier. 663 homes were sold in the District in June, a 14% decrease from last June. Those homes took on average 68 days to sell. Based on 618 homes being sold in May there is a 4 month supply of homes. This means that if buyers continued to buy at the same pace as they did in May each month going forward and there were no new homes placed on the market for sale, the supply of houses for sale would run out in 4 months. Sellers are getting on average 95% of what they list their home for. So if the seller listed the home for $100,000 they would, on average, ending up selling it for $95,000. The District currently has 2,383 homes for sale. This number has decreased about 15% from a year ago, while the number of homes that came on the market in June – 955 – decreased by 14%. The most dramatic percentage change in the numbers I track was the number of new contracts that buyers placed on homes for sale – they increased from 605 to 739 – that’s over 22% from a year ago. This is an indication that buyer activity has surged. This could be a combination of lower interest rates coupled with buyers perception that we are at the bottom of the pricing cycle and prices will likely increase. All of the above factors indicate a very healthy real estate market in DC. If you have any questions about this information or selling your house fast please contact us at the number above.

If you are having trouble selling your house, call us today at 1-877-907-3232 or contact us to get an offer in hours from Express Homebuyers.

If you are a homeowner who is getting divorced, there are three likely scenarios:

• One partner may decide to stay in the home and buy the other person out.
• One person may occupy the home for a given time.
• The home is sold at the time of the divorce.

Keeping the home may seem like a great idea, especially if it means not uprooting the kids. Getting the soon-to-be ex partner to agree is only one concern. If you want to stay and not sell your home, are you able to afford the payments and other associated costs? Can you qualify on your own to refinance? If the last days of your marriage have been characterized by financial problems, your joint and personal credit record may repel potential lenders, especially when mortgages are harder to qualify for.

You may want to stay in the home only until your kids are 18 and off to college – or agree to have your ex stay there. Remaining in the home with joint ownership is easier in an amicable relationship. Who will pay the mortgage? If you both agree to contribute, can you afford to pay the whole thing if your ex misses a month or stops paying? Regardless of what your divorce decree says about how responsibilities are split, have a gameplan if your ex starts missing payments.

As a homeowner, when you get a divorce, selling your home may be an option to consider, especially if you want the divorce to sever most ties with your former partner. You can sell your home and move on to affordable housing devoid of memories.

The current housing market may make it hard to sell your home and realize enough to help finance your new life. According to current law, there may be tax benefits if you sell your home while you are still married that you may lose if you defer the sale. You need to talk to both your real estate agent and your tax advisor to help you determine how you will come out.

When both parties need to sell a house fast, either due to financial strain or because the divorce is so bitter you need to separate assets and move on, you can sell your home to a company that buys houses. Reputable companies will give you cash for your home in a short time frame. While it may be hard to separate the memories from your home, dividing the cash can be one of the few black and white decisions you face.

Would you want to keep your home after divorce?

Are you ready to sell a home fast? Call us today at 1-888-835-4758 or have your client contact us to get an offer in hours from Express Homebuyers.

What’s the first thing I should do when selling my house?

Clean it!
Cleaning your home before you move out requires both elbow grease and reducing clutter. Floors, walls, cupboards, windows, basements, and garages should all be spotless and free of stains and odors. True or not, buyers regard dirt as a sign that you have not kept up the house.

What are other cleaning tips for selling my house?

Once your walls, doors, and woodwork are clean, spruce them up with a coat of paint – starting at the front door. When you prepare for selling your house, go neutral.

As for floors, take a good look at the carpets. If they’re shabby or worn, consider replacing them. Depending on the age of your home, you may find wood floors under old carpet that don’t need much refurbishing to be saleable – a great alternative, given the popularity of wood floors.

Must I declutter before selling my house?

Though exhausting, cleaning is less traumatic to many sellers than decluttering. If your home has wall-to-wall furniture and overflowing closets, buyers might see your home as too small. Remove some of your prized possessions so prospective buyers can see the lines of your home, as well as the amount of storage space you have. The same approach applies to clothes and other things you have accumulated. Reduce volume so buyers see spacious closets. Sell or donate the rest.

Once you have decluttered, depersonalize by removing your photos, trophies, collections, etc. A buyer might not be turned off by a picture of Jimmy on the piano, but dozens of pictures of your family are distracting.

Is there a way of selling my house without spending a dime?

Some homes need more than cleaning and decluttering, which can be a problem if you are selling your home because you are being foreclosed on or have other financial problems. These initial steps take time, but repairs take money. If you don’t have the time or money to do either, you may wish to sell your home to a company that buys homes. They will pay you for your home as is, in record time. This approach can eliminate the time, elbow grease, and money you spend on preparing the house for sale.

Do you think it is necessary to remove your personal items to sell your home?

Are you ready to sell a home fast? Call us today at 1-888-835-4758 or have your client contact us to get an offer in hours from Express Homebuyers.