Let's look at that property weekend after next...

https://activerain.com/droplet/4kGx

While the DC Real Estate market is having a small seasonal slow-down - it's not SLOW and buyer's don't have the luxury of moving slowly.

We have had buyers tell us; well let's see that house next week or after my 10-day vacation. Well don't expect that home to still be available.  A seasonal slowdown here in the DC market means there may only be 1 other offer you are competing with - not 9 other offers. 

While we always true and educate our buyers; they don't always believe us - that is until that property they really wanted to see is under contract.  Often we hear "Why didn't you tell me there was an another offer?".  Well sadly; listing agents often are not going to hold an offer back when we haven't even taken a look at the property.

Buyers: If you see a property which you want to see; we should plan to see it ASAP.  Not next weekend or next week. If it is "The One"; why give others a chance to see it and then have to compete with them?  If your agent is too busy; well then that's another problem...

Happy House-hunting!

Posted by

 

             

 

Contact James Downing of the MetroDCHouses Team, if you are selling, buying or have questions!

Office: 202-469-6778   Cell: 703.244.3971

Licensed in Washington DC, Virginia & Maryland.

Real Living | At Home
11 Dupont Circle #650 | Washington D.C. | 20036 | 202-518-8781

4600 N. Park Ave #100 | Chevy Chase MD | 20815 | 301-652-0643

3033 Wilson Blvd #700  | Arlington VA | 22201 | 703-390-9460

close

Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Lenn Harley 07/16/2014 03:24 AM
  2. Les & Sarah Oswald 07/17/2014 01:40 AM
Topic:
Home Buying
Location:
District of Columbia

Spam prevention
Show All Comments
Rainer
14,637
D M
Winslow, ME

Sal Volcano, is that you?

Great points about the urgency factor.  It isn't a candy store, the market won't stand still and wait for you to pick one out!

 

Jul 16, 2014 05:00 AM #15
Rainmaker
780,724
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

When they get serious about househunting, they start moving faster. It doesn't hurt if they lose one along the way.

Jul 16, 2014 05:12 AM #16
Rainmaker
1,562,074
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

In a slower paced market, there is time to sleep on it.  In a faster paced, it's best to get the offer in and then sleep on it once it's accepted.  

Jul 16, 2014 06:01 AM #17
Rainmaker
725,516
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Great post you are right buyer's need to act now not later or they will loose their dream home.

Jul 16, 2014 06:22 AM #19
Rainmaker
1,525,149
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

If only buyers really understood the dynamics of the market.

Jul 16, 2014 06:34 AM #20
Ambassador
3,186,615
Anna Banana Kruchten CRS CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

James buyers may not belive us at first but after they've lost out on a home or two they 'get it'. Our market isn't hot HOT -  more luke warm but that still means well priced homes in good condition sell within a week to two weeks.  That is always my goal with our listings.

Jul 16, 2014 08:40 AM #21
Rainer
442,794
Raul Rodriguez
Covenant Partners Realty - San Antonio, TX
Looking out for the client's interest and not my p

Dear Mr. & Mrs. Buyer,

The house we looked at and you told me to wait a couple of days is now under contract! 

Jul 16, 2014 10:08 AM #22
Rainmaker
1,317,957
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

We have the same situation here in New Hampshire.  Though things have slowed down a bit, properties that are in good condition and properly priced are moving quickly.

Jul 16, 2014 11:52 AM #23
Rainmaker
396,412
Dana Hollish Hill
Hollish Hill Group, JPAR Stellar Living - Bethesda, MD
REALTOR * Broker * Coach

Yep. Having the same experience you are in DC. So many vacation minded buyers. Glad it isn't only me.

Jul 16, 2014 02:14 PM #24
Rainmaker
908,388
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

It's a matter of priorities: take a vacation, or buy a home? hmm Decisions, decisions.

Jul 16, 2014 02:55 PM #25
Rainmaker
2,953,226
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Good homes wait for no one.

 

good luck,

 

Jul 16, 2014 03:56 PM #26
Ambassador
1,208,584
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

While I never push, I do tell my buyers that if you want it and you love it, go get it.  A nice home waits for no one, especially in this market.  

Jul 16, 2014 09:01 PM #27
Rainmaker
1,728,316
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Yes, if a buyer sees something that might be a good match, they need to pounce.

Jul 16, 2014 09:09 PM #28
Rainmaker
1,780,603
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

The market is hot and a buyer will learn to realize it soon enough James, one way or the other.  :)

Jul 16, 2014 11:03 PM #29
Rainmaker
2,044,060
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

With on demand open house around the real estate property videos, there is no wait. Late at night, no matter the location of the buyer, the weather, time zone... show and tell happens. All the front doors are wide open and come on in from the cyber curb. Don't worry about scheduling in the tight tight budget of personal time to free up. To kick some property tires. Lots of them. Deliver the property to the buyer, not the other way around delay and teasting, waiting. Until the iron goes cold, no chance of striking while it's hot and has cooled to ice cold. Moved on to something easy to can opener and get into on his time. Not the 9-5.

Jul 16, 2014 11:43 PM #30
Rainmaker
2,596,270
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

He who hesitates is lost (?) statement...Well this is not just idle gossip. Move with a purpose

Jul 17, 2014 12:20 AM #31
Rainmaker
864,177
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

In this market...those who blink ...lose their dream home.

Had a friend ask me the other day, why is the market hot during this vacation period. Told him is because smart buyers know how to beat their competition. That my buyers are focused oriented...

Jul 17, 2014 01:32 AM #32
Rainmaker
592,940
Than Maynard
Coldwell Banker Heart of Oklahoma - Purcell, OK
Broker - Licensed to List & Sell - 405-990-8862

I love people who want to look at houses, but won't be moving for months. I will not show them properties. Waiting a week or two around here will miss the rare properties, but not the vast majority.

Jul 17, 2014 01:33 AM #33
Rainmaker
3,779,195
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I hear that from time to time as well and just remind people that it's highly likely a home they are really interested in won't be around in another week or two. Our inventory is just too tight to ensure that homes sit on the market waiting for a buyer to make time to see it.

Jul 17, 2014 04:39 AM #34
Rainer
248,200
Gerard Gilbers
Higher Authority Markeing - Asheboro, NC
Your Marketing Master

That is true with many items you plan to purchase, if you have the finances to buy it when it is there - don't wait!

Jul 17, 2014 11:44 AM #35
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
316,351

James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes

When Looking to Buy or Sell - Make the Right Move
What's the hottest DC Neighborhood? Ask me!
*
*
*
*

Additional Information