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Stillwell Group Blog

Tuesday, April 16, 2024   /   by Claudia Vieytes

Navigating the Current Surge: Trends Shaping the Maryland Real Estate Landscape

The Maryland real estate market is currently ablaze with activity, witnessing an unprecedented demand for homes that is propelling prices skyward. This vibrant market behavior can be attributed to a confluence of factors, including historically low-interest rates, a scarcity of available inventory, and a notable influx of out-of-state buyers seeking their slice of Maryland's real estate pie.
A standout trend in this bustling market is the discernible shift towards suburban and rural locales. Homebuyers, now more than ever, are setting their sights on properties boasting generous square footage and ample outdoor space. This palpable preference for dwellings outside urban epicenters has triggered a veritable surge in demand for homes nestled amidst Maryland's verdant landscapes.
Moreover, the advent of virtual home tours and online purchasing processes has emerged as a significant paradigm shift within the Maryland real estate sphere. The seismic impact of the COVID-19 pandemic necessi. ...

Thursday, April 4, 2024   /   by Claudia Vieytes

Top 5 Most Expensive Zip Codes Revealed

Are you curious about which zip codes are the most exclusive in the entire country? Well, you might be surprised to learn that they're not in California or New York, but in Maryland! A recent report by PropertyShark has uncovered the top 5 most expensive zip codes in Maryland, and they're also the most exclusive in the whole United States. So, if you've ever dreamed of living in one of the most privileged areas in the country, your search should start right here in Maryland.

The report analyzed residential sales data from January 1, 2020, to December 31, 2020, to identify the priciest zip codes. Here are the top 5:

20854 - Potomac

20817 - Bethesda

20816 – Bethesda

20815 - Chevy Chase

20818 - Cabin John

What's interesting is that all of these expensive zip codes are situated in the suburbs of Washington, D.C. This is likely because there's high demand for luxury homes close to the nation's capital.

But what exactly makes these zip codes . ...

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Wednesday, March 27, 2024   /   by Claudia Vieytes

"Navigating Real Estate Bidding Wars: Effective Strategies for Success

In today's highly competitive real estate landscape, emerging victorious in the bid for your dream home often entails navigating intense bidding wars. Techniques like offering above the listed price and forgoing contingencies have become standard tactics, but it's imperative to approach them thoughtfully to mitigate potential risks.
Establishing Fair Value:
Before immersing yourself in a bidding war, it's essential to establish a solid grasp of the property's fair market value within its neighborhood. Seeking guidance from a reputable real estate agent for a comparative market analysis can offer valuable insights into what constitutes a reasonable offer. It's crucial not to let emotions cloud your judgment; overpaying could lead to appraisal complications later on.
Risk Management:
While waiving contingencies such as financing and inspections may enhance the attractiveness of your offer to sellers, it's vital to carefully weigh the associated risks. Opting to waive inspection conti. ...

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Thursday, January 11, 2024   /   by Claudia Vieytes

Are you encountering difficulties with your mortgage payments in Virginia? Worry not.

This article serves as your comprehensive guide to preventing foreclosure, offering straightforward steps to safeguard your home and financial stability.

Contact Your Mortgage Servicer: If you're facing challenges but are still current with payments, reach out to your mortgage servicer promptly. Acting before falling behind may qualify you for a loan modification, demonstrating your commitment to preventing imminent default.

Continue Making Payments: Ceasing payments can lead to foreclosure and have adverse effects on your credit score. It is crucial to persist in meeting your financial obligations. Avoid halting payments at all costs.

Explore Refinancing Options: For those up to date on payments, investigate refinancing options to potentially lower interest rates and monthly payments. Consult your bank's lending department for personalized advice and available options.

Need to Catch Up on Payments? Take Action! • Respond to Your Lender: Open and respond to letters pro. ...

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Thursday, November 30, 2023   /   by Claudia Vieytes

The Winter Real Estate Market: A Closer Look at Washington DC's Unique Dynamics

A unique real estate narrative unfolds as the winter chill descends upon Washington, DC, challenging conventional wisdom. Forget the notion of a dormant market; instead, envision a city where holiday lights illuminate not just streets but also the path to strategic property sales. This article will delve into the enchanting dynamics of Washington, DC's winter real estate market, revealing why this season might be the key to unlocking your home's full selling potential.
 The Ever-Present Demand
Contrary to popular belief, the desire to own a home doesn't take a holiday. In Washington DC, a city bustling with activity, motivated buyers continue their quest for the perfect home even during the festive season. According to Investopedia, those searching for a new home between Thanksgiving and New Year's will likely be serious buyers. This heightened motivation often translates into a quicker sale, making it a suitable time for sellers.
Unique Inventory Dynamics
Washington, DC's rea. ...
Stillwell Group
Lee Stillwell
11400 Rockville Pike #107
North Bethesda, MD 20852
240-252-5833 - ext 104

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