The Ups and Downs of Real Estate


The Ups and Downs of Real Estate

There is no question that the “trend” in real estate is improving.  There are more homes being sold, prices are trending upward and mortgage interest rates are holding steady.  All of these factors are good news for the real estate market.

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Nevertheless, there are bumps in the road that may cause concern to buyers’ and sellers’, but it is important to keep your focus on the trends in the real estate market and not the bumps that happen.  For example:  The Centralized Showing Service provides REALTORS® with data that provides data of  how many showings have taken place in a zip code during a specified time period.  The report reveals that showings of homes dropped to virtually nil for a two-week period.  It would possibly indicate to people that the market was slowing down: However, during that same period a heat wave hit the east coast that had the heat index in the triple digits for several days in a row – 118 degree heat index a couple of days.

A review of larger statistics continues to indicate that the market in Maryland and the United States is continuing its’ improvement at a steady pace.  Bumps will always be there, but the trend is continuing to show a slow, but steady improvement in the market.

If you are thinking of buying or selling, talk to a real estate professional – talk to a REALTOR® – who can give you the information you need to make an informed decision.

As always, if I can help with any of your real estate needs, please feel free to text or call me at 301-712-8808.

Roland

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What Every REALTOR® Wants You To Know About – Websites


What Every REALTOR® Wants You To Know About – Websites

It goes without saying that the Internet has dramatically, and for ever more, changed the way we market real estate. In days gone by, a listing was published in a weekly booklet that was sent to all the brokers. The books were available for agents to look through to find just the right house. Not only that, but “for sale” signs placed in the front yard where a great source of leads from people wanting to buy a house. But those days are gone.

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Today homes are listed, and sold, at the speed of light. When a property is entered into the local MLS (Multiple Listing Service) and the agent hits the submit button it is instantly available around the world. Someone living anywhere that has access to the Internet can see the listing just as someone down the street from the new listing.

The Internet has been a big plus for REALTORS® in that it adds a vast amount of exposure in an instant. However, there is also a down side that I caution my clients about. There are many, many websites that subscribe to the data on the MLS and they post the data on their own company site. Generally, these sites are not in the business of real estate, but rather in advertising. Zillow is a typical example. Zillow is NOT a real estate site, their business model is advertising, they simple specialize in the real estate market.

Because many of these websites are not real estate, but rather advertising, they are not focused on making sure that the listing is correct or updated as it may be. They are not particularly interested in removing the listing once it has been sold either. So unsuspecting home buyers will call about the property at 123 Main Street that was sold two years ago, thinking that it is on the market for a price from two years ago.

The best way to find a property that meets your criteria is to work with a REALTOR® who can work with you to help you find your dream home. It is also a good idea to search on your own to tweak what you are looking for. I strongly suggest that anyone looking on the Internet to search http://www.REALTOR.com. This website will give you the most accurate and up to day information available. Then, when you find a home you may be interested in, contact your REALTOR® for details.

If you are thinking of buying or selling, talk to a real estate professional – talk to a REALTOR® – who can give you the information you need to make an informed decision.

As always, if I can help with any of your real estate needs, please feel free to text or call me at 301-712-8808 or email me at RolandLow1@gmail.com.

Roland