Seller Class: Postponed Until September

Are you or someone you know thinking of selling in the next 12 months?

Join us for a FREE Educational Seminar 

Keller Williams McLean: 6820 Elm St Suite 100

Tuesday, July 26th  September date to be announced

7pm-8:30pm

Topics to include:

  • Overview of the Local Current Housing Market
  • Home Listing Process and Expected Timeline
  • Financing Options for Buying Your New Home Before Selling
  • Fees and Closing Costs
  • Repairs or Updates that Bring the Most Return
  • Staging Tips
  • Seller Representation and Choosing an Agent
  • Additional time for your Questions

Register here to join.

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The Wethman Group’s Real Estate News

June 2016

Greetings!

This huge shift in weather has brought buyers out in droves! May closed sales reached the highest numbers since 2006. But, as the Washington Post noted, that’s only part of the story of this market. Prices overall are actually either staying flat or declining slightly despite the increase in demand and low inventory. Though that is just on average. On the front lines we are still seeing multiple offers in a few hot areas, but other neighborhoods are seeing closer to list price while competing more on the terms of the offer. But homes are still selling fast. Half of the houses in the area sold in less than 14 days last month. We expect some market upheaval as the election gets closer, and now with news of Brexit, there’s speculation that interest rates could drop EVEN LOWER!  Not sure if this is the right time for you to buy?  Contact us for a quick, no obligation conversation or attend one of our classes!
Attention Home Sellers: Are you or someone you know thinking of selling in the next 12 months?  We’re hosting a free Home Seller’s class onTuesday, July 26 at our McLean office.  We’ll be discussing market stats and outlook, which upgrades and repairs make sense, staging tips, and a process overview. You can register using this link!
Home Buyers: We haven’t forgotten you!  We’re starting up our free home buyer classes again, with the next one scheduled for Thursday, July 14 in Virginia Square.  Register here.
Client Appreciation Event: This month we headed to the ballpark and had a great time with over 100 clients and friends who joined us Sunday, June 12th to watch the Nats beat the Phillies in a nail-biting finish. With the Nats down by 1, bases loaded, and 2 outs, Jayson Werth hit a well-placed single to bring home Bryce Harper (pinch hitting) and Danny Espinosa to win.Thanks to all our clients and friends who referred clients to us — our business depends on you!  

If we can help you or someone you know with your real estate needs, please do reach out. We always love to hear from you!
The Wethman Group
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The Wethman Group’s Real Estate News

Greetings!

The Wethman Group is in full swing this Spring!  We had 14 settlements in April and 9 in May.  June already has 12 on the books, so is shaping up to be one of our best months yet!  As always, we thank you for trusting us with your real estate needs!  Now, on to market news and upcoming events like our first time home buyer class and baseball outing!

First, in market news, we’re starting to see some warning signs that the market is slowing in our area, though not across the board.  Some price points and neighborhoods remain hot, but others had palpable changes in the past few weeks.  We typically see a seasonal slowdown in July and August, but interest rate hikes, already hinted at by the Fed, could amplify the effects quickly in our area, where purchasing power is such a driver of our high priced market.  But add the World Bank to the list of people enjoying the low rate environment; they asked the Fed to hold off on rate hikes until 2016. If you’re thinking of selling this year, contact us so that we can pull together market data now to optimize timing.

Nonetheless, the DC Metro area is seeing better sales compared to Spring of 2014. The Northern Virginia Association of Realtors® reported that sales transactions for April 2015 rose by 4 percent. Our own  Katie Wethman, was interviewed in their recent publication and noted , “The market right now is very sensitive, buyers have data at their fingertips and know a value when they see it. But, they are quick to pass when they feel a property is overpriced.”  Katie makes the recommendation to sellers that they maintain a house in show-ready condition if they want to receive top dollar.“Buyers see interest rate hikes looming on the horizon, and are motivated to move quickly, but don’t want to risk overpaying,” she notes.

The Consumer Financial Protection Bureau is planning to address problems that surfaced during the meltdown of the housing market when millions of buyers took on complicated loan products they didn’t understand and ended up losing their homes in short sales or foreclosure. (Better late than never??) Some experts feel this will slow the loan process and may cause some hiccups initially. These changes are tentatively scheduled for August 1st. If you are thinking about buying in the next six months you should give us a call now so we can explain how this could effect the lending process for you.

Our next free first time home buyer class is scheduled for Wednesday, June 17th at Arlington Central Library.  We also have an exciting new location: we will be hosting a home buyer class (with free beer!) at Denizens Brewing Co in Silver Spring, MD on Tuesday, June 23rd.  Contact us for details or register here.

When we are not helping our clients with their real estate needs we are planning exciting events for them to attend with their loved ones. Our Gold Cup Client Event was a huge success. The weather was perfect, the bar was stocked and fun was had by all who attended. OnSunday, July 19th, we will take our clients to watch the Nationals beat the Dodgers at Nats park.  As always, our client appreciation events are FREE! It’s one of the ways we say thank you for trusting us to help you with your real estate needs and referrals.

Want to know more about buying a home with us?  Watch this short video about the home buying process!

Buying a Home with the Wethman Group
Buying a Home with the Wethman Group

 

We make it our top priority to be abreast of all the latest information available to help you make the best real estate decisions at the right time. Call or email us to discuss your real estate needs.

All Our Best,

The Wethman Group

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The Wethman Group’s Real Estate News

Greetings!

We’re off to the races! And we’re not just talking about the Spring market (though that definitely feels like a race right now too!)  The Wethman Group is literally headed to the races at Gold Cup with clients and friends at our Client Appreciation Event this weekend. If you are going to the races also please stop by Tent #124 and enjoy a cocktail with our team–we’d love to see you. Clients, if you haven’t received your invite, please contact us asap!

 

We had 14 successful closings in April and we are looking forward to warmer weather and new listings in May! We have new listings across the entire DMV area, including a great 4BR condo in Alexandria, a 2BR single family home in North Arlington, a single family home in Potomac, and a townhouse in Fairfax. If you are thinking of listing your home this spring, give us a call. We are still seeing multiple offers when homes are priced properly.  For buyers looking in hot neighborhoods, properties are moving fast, so this means you need to have your lender lined up, your documents ready to go, and your checkbook in hand. If you like a property, you need to move fast or someone else will.

 

Buyers, we continue to offer our free first time home buyer classes, with the next session scheduled for Tuesday, May 12th at 7:00 pm.  You can register athttp://register.wethmangroup.com  Want to know more about buying a home with us?  Watch this short video about the home buying process!

 

Buying a Home with the Wethman Group
Buying a Home with the Wethman Group

 

Summer is just around the corner and we are planning our next Client Appreciation Event: A Day at the Nationals Stadium with the Wethman Group. The game we are attending this year is Sunday July 19th against the Los Angeles Dodgers, so clients, please mark your calendars and stay tuned for more details.  As always, our Client events are free!  It’s one of the ways we say Thank You for your business!

 

We make it our top priority to be abreast of all the latest information available to help you make the best real estate decisions at the right time. Call or email us to discuss your real estate needs.

 

Think Spring!

The Wethman Group

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Client Appreciation Event at National Park!

This past Sunday, we held a Client Appreciation event at Nationals Park. We’re so grateful for our nearly 100 clients and friends who joined for a fun afternoon.

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A great time was had by all.

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We continue to be so grateful for your business and referrals, and look forward to helping you in the coming year.

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And it helped that the Nat’s won against the Brewers!

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Oktoberfest!

Beer lovers rejoice! Head out to the Village at Shirlington this Saturday, October 6th, from Noon til 7pm and sample more than 100 beers, ales and lagers, courtesy of 50-plus craft breweries. Brought to you by the Capitol City Brewing Company, the 13th Annual Mid-Atlantic Oktoberfest will cost you $25 if you want to sample the beer, which includes a wristband, sampling glass, and 10 drink tickets (additional tickets are available for $1 each, with a five-ticket minimum). Only drinkers have to pay—admission is free for teetotalers. Authentic German food and music will be on hand to complement all that beer. Taps close at 6pm, so get there early. Zum Wohl!

 

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