Lots of LOOKERS out there the past couple of weeks in Potomac and Bethesda

It's amazing how many people (i.e. potential buyers) are out looking at homes now (2/11/2008).  This past weekend, I went to show one of my new listings at 802 Twin Oaks Drive in Potomac to a couple who called me from an internet ad.  When I got to the home, there were 2 agents in the home already with their groups of buyers.  My couple came, and then another agent came with his buyers.  It was like a party -- there were 16 people there seeing the home at the same time.  When I tried to leave, more people came.  The home for sale next door was open (it was Sunday).  People naturally tried my home next door to see if they could see that, too, since they were there.  My clients did not want me to hold their home open to the public, but since there were so many people already coming through, and they were out of town, I went ahead and stayed there for a couple more hours.  I had over 40 people come see a home that wasn't even advertised as being open.

Let's hope that this means that buyers are going to start buying homes again in significant numbers.  This particular home is priced well ($799,000) and looks great.  It's my hope that it will be under contract within a couple of weeks.  In this market, or at least over the last couple of months, it's been the case that a home has to really sparkle AND be priced well to sell.  Maybe we're headed back to a more balanced real estate market here in Potomac.

Best wishes,

Colleen Barlow