Friday, April 15, 2022 / by Lashika Mason
If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data.
Today, there are far more buyers looking for homes than sellers listing their houses. Here are the maps of the latest buyer and seller traffic from the National Association of Realtors (NAR) to help paint the picture of what this looks like:
Notice how much darker the blues are on the left. This shows buyer traffic is strong today. In contrast, the much lighter blues on the right indicate weak or very weak seller traffic. In a nutshell, the demand for homes is significantly greater than what’s available to purchase.
What That Means for You
You have an incredible advantage ...
Read More
mg residential, real estate, home buying, buy, first time home buyer, market rates, selling, spring season
Friday, March 18, 2022 / by Lashika Mason
If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one.
If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity.
1. The Number of Homes on the Market Is Still Low
Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market today than there are homes available. That means purchasers are eagerly waiting for your house.
Listing your house now makes it the center of attention. And if you work with a real estate professional to price your house correctly, you can expect it to sell quickly and likely get multiple strong offers this season.
2. Your ...
Read More
mg residential, real estate, home buying, buy, buyers agent, first time home buyer, realtor, spring season, selling, market rates
Thursday, January 27, 2022 / by Lashika Mason
Do you have clothing that you cannot use anymore & would love to donate? No clothing to donate but you are in need of a few items?
Join us Saturday, February 12th | 10:00 AM - 1:00 PM at
The Menkiti Group Headquarters | 3401 8th St NE | Washington DC 20017
We will be accepting drop off clothing donations (maternity, infant, children of all ages)
during the following dates and times:
Thursday, February 3rd – 9:00am to 4:00 ...
Read More
mg residential, real estate, community events
Friday, September 25, 2020 / by Jessica Peterson
As the temperature starts to change and we usher in the fall season, not only is it a great time to add pumpkin spice to your palette, but it is a great opportunity to spruce up your home for the fall market. Here are some tips that will help to make your home more appealing:
Act Now
While not impossible to sell in the winter, it is much easier to sell during the fall. If you’re interested in selling your home, act now to avoid running into the holiday season.
Add A Touch of Autumn to Your Curb Appeal
Now is a great time to add some mums and marigolds to your curb appeal. The fall colors are aesthetically pleasing and also create the warmth of fall in your own yard. Be sure to also rake dead leaves and any overgrown vegetation and bushes. As much as we want to hold on to summer, now is the time to cut summer vines and any dead flowers that didn’t make it into fall.
Check Your HVAC system
As the seasons change, inspect your HVAC system to make sure th. ...
Read More
Friday, August 7, 2020 / by Jessica Peterson
Despite being in the midst of a global pandemic, one REALLY good reason to buy now is because of the low market rates. Check out the scenarios below:
Sales Price $500k w/4% interest rate
$2,387.08 | Monthly Payment
$859,348 | Total of 360 Payments
$359,348 | Total Interest Paid
July 2050 | Pay-off Date
TODAY'S MARKET RATE
Sales Price $500k w/2.5% interest rate
$1,975.60 | Monthly Payment
$711,218 | Total of 360 Payments
$211,218 | Total Interest Paid
July 2050 | Pay-off Date
Sales Price $500k w/3% interest rate
$2,108.02 | Monthly Payment
$758,887 | Total of 360 Payments
$258,887 | Total Interest Paid
&n ...
Read More