Can Staging Increase Your Home’s Profit?

One question I'm frequently asked is whether home sellers should stage their home. I'll explain my answer in detail today.

Buying a Northern Virginia home? Get a Full Home Search   
Selling your Northern Virginia home? Free Home Price Evaluation

When you sell your house, should you stage it?

Painting and carpet will be the cheapest bang for your buck when getting your home ready to sell, but I absolutely recommend staging your home. 

Have you ever been to a new home builder? Notice how they've staged their model homes. Why? Their business is to build a lot of homes and sell them for as much money as possible. If a builder that sells hundreds of homes a year stages their properties, shouldn't you too?
In real estate, logic makes you think, but emotion makes you act.
Logical people tend to get freaked out about staging and consider it a waste of money. In real estate, though, logic makes you think, but emotion makes you act. You want a buyer to act and make a great offer on your home to get you the highest profit.

If you have any questions about staging or you're thinking about buying or selling a Northern Virginia home, give us a call or send us an email. We'd be happy to help you out.

How Will Trump’s Election Affect Our Northern Virginia Market?

With the new administration settling in here in Washington D.C., you can expect to a few major changes to take place. 

Buying a Northern Virginia home? Get a Full Home Search   
Selling your Northern Virginia home? Free Home Price Evaluation

How will President-elect Donald Trump affect our real estate economy in the near future?

First of all, we know that whenever there is a new administration, a shift of some kind is going to take place here in the Northern Virginia market. A new administration means new policies, and that’s where the real change takes place.

Last week, interest rates increased to 4.03%, which is the first time since early 2015 that they’ve been above the 4% mark. Is that a reflection of the election? Possibly. They started creeping up after the day of the election.

Federal Reserve chair Janet Yellen has indicated that sometime this month, the Fed will raise interest rates. However, she’s made this same prediction many times before, and they ended up staying where they were, so as far as that goes, I’m content to wait and see what happens.
Interest rates will eventually rise, and there may be more changes in store.
Regardless, we believe that interest rates will increase somehow, some way, as a result of a new presidency. As interest rates rise, buyers won’t be able to afford as much home. For sellers, it will reduce the price they can sell their home at.

With all the transitioning taking place, there are a lot of unknowns floating around out there. We know that there is going to be change, we just don’t know what kind of change. Nobody has a crystal ball, so if you’re in the market to buy a home, sell a home, or invest in real estate, you might as well do it now.

If you have any questions or would like to make a move in the market sometime soon, don’t hesitate to reach out to me by phone or email. I’d be happy to help!