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Would you move if it was to your advantage?
A much-repeated investment strategy is to buy low and sell high. Some people who purchased around the financial crisis of 2010-2012 are poised to make considerable profits. The median home price in America is now $295,300 up from $155,600 in February 2012 which calculates close to an 8% annual increase. The median equity that homeowners […]
Would you move if it was to your advantage?
A much-repeated investment strategy is to buy low and sell high. Some people who purchased around the financial crisis of 2010-2012 are poised to make considerable profits. The median home price in America is now $295,300 up from $155,600 in February 2012 which calculates close to an 8% annual increase. The median equity that homeowners […]

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A much-repeated investment strategy is to buy low and sell high. Some people who purchased around the financial crisis of 2010-2012 are poised to make considerable profits.

The median home price in America is now $295,300 up from $155,600 in February 2012 which calculates close to an 8% annual increase. The median equity that homeowners have earned during the same period is $140,000.

Inventory is in short supply while demand is high which has caused prices to increase. Factors that continue to contribute to the lower number of homes on the market are record low mortgage rates and housing starts have not met expectations since the Great Recession. This year, people spending more time at home due to the pandemic has caused some people to rethink their current living space which has added to the demand.

Some experts believe that a significant portion of the workforce will continue to work from home after the pandemic has passed making the motivation for a larger home more of a long-term effect.

The median days on the market for a listing is 24 which is a direct result of the low inventory and heightened competition. Sold homes are receiving an average of three offers with some situations ending in a bidding war. This is an advantage for a seller who can not only realize a higher sales price but also accelerate a move into another home.

While the pandemic has certainly wreaked havoc on some businesses like the hospitality industry, real estate has continued to boom. Seven out of ten sales contracts are closing on-time which can give sellers a great deal of confidence.

Taxpayers can exclude up to $500,000 of qualified gain if they are married and up to $250,000 if single. Some homeowners are taking the profit from their homes while at the top of the market, reserving part of their equity for investments, and purchasing another home with a higher loan-to-value mortgage at the incredibly low mortgage rates now available.

If you’re curious to see if this might work for you, contact us at (703) 707-0334 to find out what your home is worth now and what homes are available that may fit your lifestyle better. Download our Sellers Guide.

LIST OF BLOGS

6814 Dean Dr, Mclean, VA 22101

Price: $2,449,999 6814 Dean Dr, Mclean, VA 22101 MLS #: VAFX2011588 Tax ID #: O Ownership Interest: Fee Simple Structure Type: Detached Levels/Stories: 3 Furnished: No Waterfront: No Garage: Yes Beds: 6 Baths: 6 / 1 Above Grade Fin SQFT: 5,811 / Estimated Price / Sq...

6709 Heatherford Ct, Rockville, MD 20855

Price: $600,000 6709 Heatherford Ct, Rockville, MD 20855 MLS #: MDMC2008068 Tax ID #: 160400132685 Ownership Interest: Fee Simple Structure Type: Detached Levels/Stories: 2 Waterfront: No Garage: Yes Beds: 5 Baths: 3 Above Grade Fin SQFT: 1,176 / Assessor Price / Sq...

12942 Sugarloaf Chapel Dr, Clarksburg, MD 20871

Price: $574,999 12942 Sugarloaf Chapel Dr, Clarksburg, MD 20871 MLS #: MDMC2008426 Tax ID #: 160203433166 Ownership Interest: Fee Simple Association: HOA Structure Type: Interior Row/Townhouse Levels/Stories: 3 Waterfront: No Garage: Yes Beds: 4 Baths: 3 / 0 Above...

5540 Colfax Ave, Alexandria, VA 22311

Price: $795,000 5540 Colfax Ave, Alexandria, VA 22311 MLS #: VAAX2001994 Tax ID #: 010.01-01-03 Ownership Interest: Fee Simple Structure Type: Detached Levels/Stories: 1 Waterfront: No Garage: No Beds: 4 Baths: 2 / 1 Above Grade Fin SQFT: 1,596 / Assessor Price / Sq...

2304 Kimball Pl, Silver Spring, MD 20910

Price: $769,000 2304 Kimball Pl, Silver Spring, MD 20910 MLS #: MDMC2008540 Tax ID #: 161301004297 Ownership Interest: Fee Simple Structure Type: Detached Levels/Stories: 3 Waterfront: No Garage: No Beds: 4 Baths: 2 / 1 Above Grade Fin SQFT: 1,420 / Assessor Price /...

5970 Edgehill Ct, Alexandria, VA 22303

Price: $629,900 5970 Edgehill Ct, Alexandria, VA 22303 MLS #: VAFX2011844 Tax ID #: 0833 36 0013 Ownership Interest: Fee Simple Association: HOA Structure Type: Interior Row/Townhouse Levels/Stories: 3 Waterfront: No Garage: No Beds: 3 Baths: 3 / 1 Above Grade Fin...

3071 Southern Elm Ct, Fairfax, VA 22031

Price: $589,900 3071 Southern Elm Ct, Fairfax, VA 22031 MLS #: VAFX2010772 Tax ID #: 0483 36 0086 Ownership Interest: Fee Simple Association: HOA Structure Type: Interior Row/Townhouse Levels/Stories: 3 Waterfront: No Garage: No Beds: 3 Baths: 3 / 1 Above Grade Fin...

14007 Betsy Ross Ln, Centreville, VA 20121

Price: $524,900 14007 Betsy Ross Ln, Centreville, VA 20121 MLS #: VAFX2011830 Tax ID #: 0652 09 0211 Ownership Interest: Fee Simple Association: HOA Structure Type: Interior Row/Townhouse Levels/Stories: 3 Waterfront: No Garage: No Beds: 3 Baths: 3 / 1 Above Grade Fin...

6496 Davis Ford Rd, Manassas, VA 20111

Price: $475,000 6496 Davis Ford Rd, Manassas, VA 20111 MLS #: VAPW2004522 Tax ID #: 7994-58-9860 Ownership Interest: Fee Simple Structure Type: Detached Levels/Stories: 2 Waterfront: No Views: Garden/Lawn, Trees/Woods Garage: Yes Beds: 4 Baths: 3 Above Grade Fin SQFT:...

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