Buy vs Rent & Rent vs Sell

Over the last 5 or so years, many local homeowners sat on the sidelines, sensing that it was not necessarily the right time to sell.
Potential buyers also sat it out, concerned that if they bought, the value of their home might decline.

The decision to participate in the "For Sale" market is now taking on new meaning.  This is due to the fact that the market has shifted in the DC Metro area.
Real estate practitioners can prove with reliable data that we are now in a state of recovery.  In other words, more homes are being sold and the number of transactions is on the rise. The rental market is also tightening up  - Rents are on the rise.
Interestingly, it is not the behavior of practitioners that actually drives the market.  Of course, it is consumer behavior that moves the needle. How people feel about the market plays a big part in how they behave...and consumer behavior can make or break a market or a particular effort to sell or rent a home.
This spring, we are seeing signs that consumer outlook is aligning with the reality that we practitioners experience, and that, ultimately, we are able to validate with data.
While it is true that not all market sectors move together in lock-step, and some segments are leading the recovery (think, modestly priced homes in the urban core) and others are lagging behind (think luxury homes in outer Montgomery or Prince George's counties), with few exceptions, market segments are solidifying.

PLEASE LET US KNOW if you would like a data-driven analysis of your prospects as a seller vs landlord or as a buyer vs renter.
Remember, for your self and tell your friends -- We are experienced in sales, rentals, real estate investing and property management.

And if you or your friend(s) are trying to figure out whether and how to participate in our local real estate market, WE'D LIKE TO BE YOUR CONSULTANTS.
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May 12 2011 - Dupont Circle
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Buy vs Rent & Rent vs Sell
  • Posted by Carlos Garcia, Esq.
  • In Rentals
  • May 12 2011
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