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The Wethman Group's Real Estate News - January 2020

Real Estate Agent with Keller Williams
January 2020
The "Season" Has Come Early...
I know it sounds crazy, but the Spring real estate market has already arrived. Yes, in January! Frustrated buyers from 2019 never stopped looking and homes that are going on the market are selling NOW, often with multiple bids. For sellers with a home that has some 'flaws' that may make them compare unfavorably to competition in Spring (i.e., busy road, a fixer upper, outdated features), this is the perfect time to get on the market as quickly as possible. Buyers, you need to start looking NOW -- don't wait til Spring when other buyers are ALL out; we're not expecting huge jumps in inventory this year, and interest rates remain at historic lows.
THANK YOU for voting our team one of the "Best of Arlington" for 2020 in Arlington Magazine! See us in the January/February issue on news stands now and read our profile online here.
Here's a quick excerpt:
What’s an example of something in your professional life that you’re particularly proud of?
I’m most proud of the outstanding team that we’ve built. Everyone approaches each client as if we’re taking care of our own family, and we give honest advice even if it means that we don’t get any immediate business. We’re confident that by doing the right thing, our business will continue to grow.
The "Beltway" vis a vis HQ2's Impact
Greater Greater Washington had a great story looking at the size of our DC Beltway superimposed onto other cities. Check out the story here. Looking at their maps, the Seattle map was particularly interesting given Amazon HQ2 and its impact on our market. Seattle's equivalently sized "Beltway" (pictured at left) is mostly water, and has some pretty serious commuting bottlenecks, which, combined with their heavy concentration of jobs at Amazon, resulted in their crazy real estate market as Amazon grew. Our area looks very different both in terms of geographic advantages as well as the ability to absorb a high number of jobs more easily. On a related note, we enjoyed reading ARLNOW's column with a deep dive into HQ 2 zip code 22202 statistics (and Part II here). Be sure to follow our updates at our National Landing Account on Instagram here!
Confused about how it will impact buying or selling in Arlington? Contact us for more info!
Selling in 2020?
Catch our 30 minute video presentation (at right) on Five Mistakes Home Sellers Make, and contact us to discuss market conditions and your strategy.
5 Mistakes Home Sellers Make - Katie Wethman ('94)
As always, if we can ever help with your real estate needs,
please don't hesitate to reach out.
Wethman Group Perks: Moving Truck
Need to drop off donations? Do you need a truck for a charity event?Picking up new furniture? Use our truck locally (free of charge) if you are a past or current client (or referred a client). Contact us: wgperks@wethmangroup.com for more info.
We're happy to help with all your residential and commercial real estate needs throughout the DC metro area. Remember to Like us on Facebook for market updates and real estate tips!
We have a nationwide network of quality agents--let us know if you or someone you know needs a referral to another city. 

Comments (1)

Roy Kelley
Retired - Gaithersburg, MD

I hope you are having a very productive January.

Smart consumers are anxious to to take advantage of the very low mortgage interest rates.

Jan 23, 2020 06:47 AM