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DMV Real Estate Market Update

DMV Weekly Market Update: October 21, 2024

Hello Washington. New listings pulled back even more this week (-46%) while total homes for sale increased slightly. It feels a bit like the quiet before a storm. A nice window of opportunity to get into the market for buyers....

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Why a Condo Could Be Your Perfect First Home

If you’re looking to break into homeownership but the price of single-family homes has you second-guessing, you might want to consider a condominium (condo) or townhome. These types of homes often come with a lower barrier to entry – and th...

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Matt Cheney of Cheney and Co. provides expert insights on evaluating the first offer in Washington DC, Maryland, and Virginia (DMV) real estate sales.

The First Offer is Your Best Offer

We have a phrase in real estate. Your first offer is your best offer. There is some truth in that. When you first come to the market buyers who are the most motivated to buy a house are going to make the most compelling offer. But ...

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Buying Beats Renting in These Top Cities

Based on a recent study, in 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment. Make sure you work with a pro who can help you crunch the numbers and see how your city stacks up. This may be you...

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How Much Does It Cost To Sell My House?

If you’re toying with the idea of selling your house, you’re probably wondering how much it’ll cost. To be honest, the final number will depend on several factors like the offer you accept, if you help with your buyer’s closing costs, h...

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DMV Real Estate Market Update

DMV Weekly Market Update: October 14, 2024

Morning DMV! Happy Columbus – Indigenous Peoples’ Day. New listings pulled back a bit this week (-9%) since last week, most likely on account of folks being out of town for some RnR. How about you, up to something fun on t...

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Now’s the Time To Upgrade to Your Dream Home

If you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone. A recent Inman survey reveals the top motivator for today’s homebuyers is the desire for more space or an upgraded home (see graph below): ...

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Matt Cheney of Cheney and Co. clarifies the reality of real estate agent commissions, contrasting them with TV portrayals for properties in Washington DC, Maryland, and Virginia (DMV).

Million Dollar Listing Commissions

Ok, have you ever watched Million Dollar Listing LA or New York? I do. They are fun shows that glamorize what I do. More entertainment than reality. Now on those shows, the producers will often have a huge pop up of a dollar amount as...

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Secrets To Selling Your House Quickly

Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today. According to data from the National Association of Realtors (NAR), the average time a house spe...

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With Matt Cheney
matt(dotted)cheney(at)compass(dotted)com 202.465.0707 DC BR600869
MD 582148
VA 0225101950