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Lee Stillwell | Stillwell Group Blog

Monday, September 11, 2023   /   by Lee Stillwell

The Airbnb Effect: Unraveling the Housing Quandary in Washington DC

In the ever-evolving urban housing landscape, disruptive innovations often have unintended consequences. Airbnb, the poster child of the sharing economy, has ushered in a new era of travel accommodation, but the shadows it casts upon housing markets cannot be ignored. As we delve into the bustling metropolis of Washington, DC, we uncover a narrative akin to the Boston housing crisis, raising a pertinent question: Is Airbnb a catalyst for housing market upheaval in the nation's capital?
The echoes of Boston's struggles resonate in Washington, DC, where the availability of affordable housing has become an escalating concern. While Airbnb has undoubtedly revolutionized the way we experience travel, it has also given homeowners an irresistible opportunity to monetize their properties by transforming them into short-term rentals (STRs). However, this transformation comes at a price that the housing market and the residents might have to pay.
Much like Boston, Washington DC has grappled wi. ...

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Monday, July 31, 2023   /   by Lee Stillwell

Mastering the Maze: A Guide to Navigating the Washington DC Luxury Housing Market

The housing market in the United States has experienced significant challenges, making it difficult for homebuyers to find their dream luxury homes in Washington, DC. The soaring prices, high mortgage rates, and limited inventory have created an environment of uncertainty for potential buyers. In this article, we will delve into the dynamics of the luxury housing market in Washington, DC, and offer insights on where homebuyers should consider buying and areas to potentially avoid.

Understanding the Market:

To gain a comprehensive understanding of the housing market landscape, SmartAsset's latest report analyzed housing price growth from May 2022 to May 2023. The report ranks 532 housing markets from the most to least expensive, providing valuable insights for potential buyers seeking their best options when it comes to housing.

The report revealed the top five most expensive and least expensive housing markets. Notably, all ten of the most expensive housing markets in the Unit. ...

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Tuesday, July 25, 2023   /   by Lee Stillwell

Everything You Need to Know About Credit Scores: Unlocking the Key to Financial Success

Today's credit scores play a crucial role in determining an individual's financial health and opportunities. Whether you're applying for a mortgage, car loan, or even a job, your credit score can significantly impact your chances of success. Understanding credit scores and how they are calculated is essential for anyone looking to improve their financial standing. In this article, we will dive into everything you need to know about credit scores, including what they are, how they work, and tips to boost your score.
What is a Credit Score?
A credit score is a three-digit number representing your creditworthiness and financial reputation. It is a numerical assessment of your credit history based on various factors such as payment history, credit utilization, length of credit history, types of credit, and new credit inquiries. The most commonly used credit scoring models are FICO Score and VantageScore, which range from 300 to 850.
How Are Credit Scores Calculated?
Credit scores are c. ...

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Saturday, December 28, 2013   /   by Lee Stillwell

The 7 Deadly Mistakes Most Homesellers Make

The 7 Deadly Mistakes Most Homesellers Make
 
1. Failing to analyze why they are selling.
 
2. Not preparing their home for the buyer’s eye.
 
3. Pricing their homes incorrectly.
 
4. Selling too hard during showings.
 
5. Signing a long-term listing agreement without a written performance guarantee.
 
6. Making it difficult for buyers to get information on there home.
 
7. Failing to obtain a pre-approved mortgage for ones next home ...

Saturday, December 28, 2013   /   by Lee Stillwell

9 Overlooked Items to Prep Your Home for Sale

So you’ve prepped your home cosmetically for sale in every imaginable way – fresh paint, a deep cleaning, new landscaping, decluttered closets and even organized the garage!  Your house looks better then it ever has and you are ready to hit the market!  Before you proceed with the “For Sale” sign in the ground, there are several key pieces of information that you should consider gathering that today’s savvy buyers are going to want to know.
 
1.  Survey – Do you have a copy of a current survey on your home?  Have this document available and provide to your listing agent so they can include in the information about your home.  Buyers want to know about property lines, easements, conservation buffers, if there is room for a pool, if the property line extends to the water behind your home, etc.  Having a survey to provide upfront will help to eliminate these types of concerns vs. waiting until a property is! ...
Stillwell Group
Lee Stillwell
11400 Rockville Pike #107
North Bethesda, MD 20852
301-349-7939
301-349-7804
240-252-5833 - ext 104

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