February 8, 2014

2014 Suggestions for improved living/selling:

2013 was good year for Parkfairfax’s residential real estate market by nearly every account. Now one month into 2014, The johnANDjohn TEAM will share 4 key trends that are driving the market:

1.Inventory. As if today’s date, there are only 14 properties available for sale in Parkfairfax. Most listings continue to be lower than their 2007 peak; however, they’re moving up due to lower interest rates. Purchasers will soon learn they may need to be prepared to move quickly.

2. Move-in ready makes a difference. People who buy in the Shirlington area tend to have very busy schedules, and as such, gravitate towards properties that have no deferred maintenance and include recent upgrades, especially new kitchens and bathrooms. If you have a 2 bedroom home, add a bathroom. Making these investments before listing WILL increase your sale price. And you’ll enjoy them!

3. Technology has changed everything. Today's market moves very quickly. If you are selling your home, make sure to hire a broker who is using innovative technologies to expose your home locally, nationally and internationally in real-time. No one gets more viewings of their listings in Parkfairfax than The johnANDjohn TEAM. Every listing we get goes immediately into www.Parkfairfax.com which continues to generate approximately 6000 hits per month.

4. Closets are the New Kitchens/Baths. Everyone knows their kitchen/bath needs renovation in order to compete. Now, it’s closets. Call on any of the businesses that recreate closets, If you’re adding the much needed bath, have the closets renovated simultaneously.