BCCDC Real Estate by Marcie Sandalow

Sell Directly to a Builder? Pros & Cons “2″

said on February 24th, 2014 filed under: Information for Sellers, State of the Market

CarelessPAY NO COMMISSION! Heard that one before?

Sounds attractive, right?  For a $700,000 home most sellers pay a commission around $40,000. It’s a lot of money. Is it worth it? I like to think so. My services extend well beyond merely finding a buyer for your home. Sure, I’ll see to it that you comply with all local regulations, and I’ll monitor the transaction to make certain that nothing falls through the cracks. My most important responsibility, however, is to make sure that your interests are promoted AND protected.  Commission pays for a lot of things, including advertising, marketing, signs, open houses, a healthy internet presence… items necessary to generate the most exposure for your property, which should generate the largest number of offers. When you deal directly with a builder, there’s only one offer out there.

Builders ARE buying properties on the open market (the multiple listing service). Given the competition for buildable lots in the area, they have to! They are also appealing directly to homeowners through flyers or door-to-door campaigns.  It’s a way to cut out the competition (multiple bids… the new norm).

A lot of properties in the area have a pretty clear set price dependent upon a variety of factors, including location, condition, lot size, additions, renovations, etc. Builders tend to focus in on the grading and lot size. Us realtors place more emphasis on condition and updates. Often the two sides don’t share the same price opinion.
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East Bethesda MD 20814 Homes for Sale 2/21/14

said on February 21st, 2014 filed under: Bethesda

Lynbrook ParkUpdate for 2/21/14. Three new listings (wow!). And a couple of them are under $1-million. Nothing under contract this week. One price drop. Judging by my activity level, I’d say the spring market is upon us.  

All the homes in this article are currently for sale within East Bethesda. The top of the list features the newest listings, while the bottom showcases those that have been on the market for quite some time. I’ll be updating this post every Friday, so be sure to check back to see what’s new, what’s gone, & what might be coming (and check out the date up top… if it’s not current, neither is this information!). I’ve lived in East Bethesda for over 18 years. I’ve sold real estate in East Bethesda for over 15 years. It’s a wonderful neighborhood within walking distance of Bethesda Metro AND NIH/Walter Reed. While all of this information is available to you on the various search engines (and please keep in mind that these are not all of my own listings), I’ve taken the time to inject my opinion on the condition, pricing, and likelihood of each property selling… or not. I hope you’ll give me a call if you have any questions. I have loved living here over the years, and I want to share it with other enthusiastic people!

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Screen Shot 2014-02-20 at 5.12.40 PM4524 Middleton Lane, $949,900
Handsome 4BR/3.5BA brick colonial on one of the more walkable blocks in East Bethesda.  Seriously, it doesn’t get much better than a WalkScore of 97 for a single family home. I have friends on the block- it’s a fun one! Fairly open floor plan. 3rd floor Master suite. Did I mention how convenient the location is? Ditch the second car. Listed with Long & Foster. Days on Market: 1

Screen Shot 2014-02-20 at 5.13.21 PM4524 South Chelsea Lane, $839,500
Expanded colonial with 4BR & 4FB. Prized screened porch (at least, in my mind). Nice neutral colors throughout. First floor offers up large family room & updated K. 3BR on 2nd level, 4th on the main. Basement is tiny. Nice block, & close to metro.  Listed with Beasley Real Estate. Days on Market: 1

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East Bethesda MD 20814 Homes for Sale 2/14/14

said on February 14th, 2014 filed under: Bethesda

Willie in the snowUpdate for 2/14/2014. Happy Valentine’s Day! No new listings. Nothing under contract this week. No price drops. And one whopper of a storm.  

All the homes in this article are currently for sale within East Bethesda. The top of the list features the newest listings, while the bottom showcases those that have been on the market for quite some time. I’ll be updating this post every Friday, so be sure to check back to see what’s new, what’s gone, & what might be coming (and check out the date up top… if it’s not current, neither is this information!). I’ve lived in East Bethesda for over 18 years. I’ve sold real estate in East Bethesda for over 15 years. It’s a wonderful neighborhood within walking distance of Bethesda Metro AND NIH/Walter Reed. While all of this information is available to you on the various search engines (and please keep in mind that these are not all of my own listings), I’ve taken the time to inject my opinion on the condition, pricing, and likelihood of each property selling… or not. I hope you’ll give me a call if you have any questions. I have loved living here over the years, and I want to share it with other enthusiastic people!

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4413 Maple Av. 4413 Maple Avenue, $1,575,000
5BR/4.5BAs.  Looks really nice.  Not yet finished. Find the pricing a bit high. No new construction home on a lot this size (to be more accurate, on a lot less than 4,800 s.f) has sold for more than $1.4.  This one is 3,755 s.f. Time will tell, eh? Listed with Long & Foster. Days on Market: 7

4516 Windsor Ln. 4516 Windsor Lane, $1,399,000
On the other hand, this house seems very well priced. “Priced to sell” some would say. It also sports 5BR/4.5BAs. Because I fritted away the day getting my oil changed, I have not seen it. Promise to preview it over the weekend. Pictures make it look quite lovely. Listed with Coldwell Banker. Days on Market: 7

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East Bethesda MD 20814 Homes for Sale 2/7/14

said on February 7th, 2014 filed under: Bethesda

IMG_1898Update for 2/7/2014. Two under contract this week! I might have erred in thinking things were slowing down. Not for the first time- ha! Sadly, no new listings. One price drop. And lots of ice and weather. I’m ready for spring. Afternoon Update:  Two new listings snuck onto the market while I was getting my oil changed.  Figures. 

All the homes in this article are currently for sale within East Bethesda. The top of the list features the newest listings, while the bottom showcases those that have been on the market for quite some time. I’ll be updating this post every Friday, so be sure to check back to see what’s new, what’s gone, & what might be coming (and check out the date up top… if it’s not current, neither is this information!). I’ve lived in East Bethesda for over 18 years. I’ve sold real estate in East Bethesda for over 15 years. It’s a wonderful neighborhood within walking distance of Bethesda Metro AND NIH/Walter Reed. While all of this information is available to you on the various search engines (and please keep in mind that these are not all of my own listings), I’ve taken the time to inject my opinion on the condition, pricing, and likelihood of each property selling… or not. I hope you’ll give me a call if you have any questions. I have loved living here over the years, and I want to share it with other enthusiastic people!

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4413 Maple Av. 4413 Maple Avenue, $1,575,000
5BR/4.5BAs.  Looks really nice.  Not yet finished. Find the pricing a bit high. No new construction home on a lot this size (to be more accurate, on a lot less than 4,800 s.f) has sold for more than $1.4.  This one is 3,755 s.f. Time will tell, eh? Listed with Long & Foster. Days on Market: 0

4516 Windsor Ln. 4516 Windsor Lane, $1,399,000
On the other hand, this house seems very well priced. “Priced to sell” some would say. It also sports 5BR/4.5BAs. Because I fritted away the day getting my oil changed, I have not seen it. Promise to preview it over the weekend. Pictures make it look quite lovely. Listed with Coldwell Banker. Days on Market: 0

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New East Bethesda Rental- 6BR/5.5BA

said on February 3rd, 2014 filed under: Bethesda, Homes for Sale

RENTED

4518 Chestnut Street

Sorry, no longer available

4518 Chestnut Avenue, Bethesda, MD 20814

Offered at $5,750/month

Minimum lease: 1-year.  Maximum lease: 2-years.

This house has it all.  Built in 2005, it offers up about 4,300 square feet of living space on four magnificent levels.  There are 6 bedrooms and 5.5 baths. The newly added rear patio creates the perfect entertainment zone, especially when combined with the open floor plan on the first level.  It’s a great house for parties! Available furnished (or not).

Chestnut patio 4IMG_2526IMG_2496- Hallway-Foyer - Version 2IMG_2505- DR - Version 2IMG_2521- FR-K - Version 2IMG_2524- LR - Version 2

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East Bethesda MD 20814 Homes for Sale 1/31/14

said on January 31st, 2014 filed under: Bethesda

BCC High SchoolUpdate for 1/31/2014.  One under contract. No new listings. And once again, no price drops. We’ve got three listings under $1-million… a rarity these days in East Bethesda. Makes me wonder if this extended run-up on the market has peaked?

All the homes in this article are currently for sale within East Bethesda. The top of the list features the newest listings, while the bottom showcases those that have been on the market for quite some time. I’ll be updating this post every Friday, so be sure to check back to see what’s new, what’s gone, & what might be coming (and check out the date up top… if it’s not current, neither is this information!). I’ve lived in East Bethesda for over 18 years. I’ve sold real estate in East Bethesda for over 15 years. It’s a wonderful neighborhood within walking distance of Bethesda Metro AND NIH/Walter Reed. While all of this information is available to you on the various search engines (and please keep in mind that these are not all of my own listings), I’ve taken the time to inject my opinion on the condition, pricing, and likelihood of each property selling… or not. I hope you’ll give me a call if you have any questions. I have loved living here over the years, and I want to share it with other enthusiastic people!

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4407 Gladwyne Drive4407 Gladwyne Drive, $749,999
I love capes, and this 3BR/3FB cutie offers up all sorts of updates: roof, Pella windows, a nice kitchen renovation, etc. Nice, tucked-in block of East Bethesda. Steps to Walter Reed and Metro. Big deck. Smidgin over-priced? Listed with Redfin. Days on Market: 15

7905 Kentbury7905 Kentbury Drive, $1,375,000
“Green” house featuring a solar system that cuts down on electricity and heating bills. 5BR/4.5BA. Shows very nicely. Radiant floor heat. 9′ ceilings. Downside: backs to the proposed Purple Line. Listed with Coldwell Banker. Days on Market: 51

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Sell Directly to a Builder? Pros and Cons

said on January 30th, 2014 filed under: Information for Sellers

If you’re like me, you’ve probably been seeing an up-tick in mailings from builders lately.

  • “WE WILL BUY YOUR HOUSE AS-IS”
  • “PAY NO COMMISSION!”
  • “TAKE THE MIDDLE-MAN OUT OF THE TRANSACTION”
  • “WE CAN CLOSE IN 3 WEEKS!”
  • “WE WILL BUY YOUR HOUSE FOR CASH”

So… what does it all mean to a seller?  Is it really the good deal that it purports to be? The answer is a mixed bag. Sometimes yes, sometimes no. Let’s break it down by category. (I’ll start off talking about the first item on the list… subsequent posts will address the rest):

WE WILL BUY YOUR HOUSE AS-IS

If you own a house that is in horrid disrepair, this can be a life-saver. As agents, our job is to get you what you want. Sometimes it’s top dollar. Sometimes it’s speed. And sometimes it’s keeping things easy (i.e, no taxing renovations). If you fall into this last category, selling your house “as is” can be the way to go. Keep in mind, builders aren’t the only ones out there who buy “as-is” homes.  Given the recent Read the rest of this entry »

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East Bethesda MD 20814 Homes for Sale 1/24/14

said on January 24th, 2014 filed under: Bethesda

snow storm 2014Update for 1/24/2014.  One under contract. Nothing new to the market. Zero price drops.

All the homes in this article are currently for sale within East Bethesda. The top of the list features the newest listings, while the bottom showcases those that have been on the market for quite some time. I’ll be updating this post every Friday, so be sure to check back to see what’s new, what’s gone, & what might be coming (and check out the date up top… if it’s not current, neither is this information!). I’ve lived in East Bethesda for over 18 years. I’ve sold real estate in East Bethesda for over 15 years. It’s a wonderful neighborhood within walking distance of Bethesda Metro AND NIH/Walter Reed. While all of this information is available to you on the various search engines (and please keep in mind that these are not all of my own listings), I’ve taken the time to inject my opinion on the condition, pricing, and likelihood of each property selling… or not. I hope you’ll give me a call if you have any questions. I have loved living here over the years, and I want to share it with other enthusiastic people!

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4407 Gladwyne Drive4407 Gladwyne Drive, $749,999
I love capes, and this 3BR/3FB cutie offers up all sorts of updates: roof, Pella windows, a nice kitchen renovation, etc. Nice, tucked-in block of East Bethesda. Steps to Walter Reed and Metro. Big deck. Smidgin over-priced? Listed with Redfin. Days on Market: 8

7905 Kentbury7905 Kentbury Drive, $1,375,000
“Green” house featuring a solar system that cuts down on electricity and heating bills. 5BR/4.5BA. Shows very nicely. Radiant floor heat. 9′ ceilings. Downside: backs to the proposed Purple Line. Listed with Coldwell Banker. Days on Market: 44

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East Bethesda MD 20814 Homes for Sale 1/17/14

said on January 17th, 2014 filed under: Bethesda

Road construction in East BethesdaUpdate for 1/17/2014.  Yahoo… one new listing! One under contract. One listing has expired (it was rented). One took a 2-month break and is back on the market. And another listing that was under contract came BACK on the market and is already under contract again… sheesh. No price drops.

All the homes in this article are currently for sale within East Bethesda. The top of the list features the newest listings, while the bottom showcases those that have been on the market for quite some time. I’ll be updating this post every Friday, so be sure to check back to see what’s new, what’s gone, & what might be coming (and check out the date up top… if it’s not current, neither is this information!). I’ve lived in East Bethesda for over 18 years. I’ve sold real estate in East Bethesda for over 15 years. It’s a wonderful neighborhood within walking distance of Bethesda Metro AND NIH/Walter Reed. While all of this information is available to you on the various search engines (and please keep in mind that these are not all of my own listings), I’ve taken the time to inject my opinion on the condition, pricing, and likelihood of each property selling… or not. I hope you’ll give me a call if you have any questions. I have loved living here over the years, and I want to share it with other enthusiastic people!

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4407 Gladwyne Drive4407 Gladwyne Drive, $749,999
I love capes, and this 3BR/3FB cutie offers up all sorts of updates: roof, Pella windows, a nice kitchen renovation, etc. Nice, tucked-in block of East Bethesda. Steps to Walter Reed and Metro. Big deck. Listed with Redfin. Days on Market: 1

7905 Kentbury7905 Kentbury Drive, $1,375,000
“Green” house featuring a solar system that cuts down on electricity and heating bills. 5BR/4.5BA. Shows very nicely. Radiant floor heat. 9′ ceilings. Downside: backs to the proposed Purple Line. Listed with Coldwell Banker. Days on Market: 37

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The Evers & Co. December 2013 Real Estate Report

said on January 14th, 2014 filed under: State of the Market

market is heading upWhen we look at the December 2013 numbers and compare them to the previous December, we come up with a report which is very much like what we have been seeing each month of this year. But when we look at the whole year as compared with 2012, we can see a more dramatic change, with prices up 10.4% and dollar volume of sales up 20% over 2012. To illustrate the point, if you bought a property in January 2013 for $650,000, that same property in December 2013 would cost you $717,600.

All market conditions point to a strong market again this year, with the same or even higher increases in prices, due to greater buyer demand and relatively low inventory. And, because price increases occur mainly in the first half of the year, if you purchase property in January of this year you will probably get a much better buy than you will in June.

*Statistics are taken from the Metropolitan Regional Information System for three areas: Washington, D.C.; Montgomery County, Maryland; and Fairfax County, Arlington and Alexandria in Virginia.

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