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If you have any questions or need more detailed information, please feel free to contact me via phone at 301.613.7253 or fill out the form to let us know how we can help with your real estate needs.

Office Location 795 Rockville Pike,
Rockville, MD 20852
Phone: (301) 613-7253
Fax: (301) 424-9290

All Blog Entries by Thomas Powers

There are currently 3 blog entries published by Thomas Powers.

The Buyer’s “Fear Factor”—What Upgrades Should I Make?

Wednesday, April 22nd, 2009 at 2:03pm. 417 Views, 0 Comments.

paint_1024It’s been said that “fear is a greater motivator than the opportunity to gain.” That’s definitely true when it comes to real estate sales from a seller’s perspective, but it applies equally to buyers—especially in our current market. Sellers should understand that buyers might walk into a beautiful home with a gorgeous kitchen and many other upgrades, but see a significant flaw—say, a basement that’s wet and moldy—and decide it’s too much to overcome. Maybe they’re afraid of what else they’ll find, or maybe they just don’t want a project to tackle right away.

With that in mind, when choosing which home repairs and upgrades to make, always opt for projects that will relieve buyers’ most pressing fears. This is important whether you’re planning to sell right…


Timing is Everything: When should I sell?

Monday, April 13th, 2009 at 11:51am. 443 Views, 0 Comments.

hourglass_400Sellers ask me the same question all the time: “When is the best time to sell a house?”  The answer can be found in general buyer patterns.  Typically, this is the pattern:

·         February, March, April, and May—buyers look for and put offers on homes

·         April, May, and June—buyers settle on their homes

·         July and August—people take vacations

·         September and October—kids go back to school, and there’s a small uptick in buying activity after people return from vacation

Given this pattern, a home should be listed by February or March for full exposure to the majority of buyers.  This certainly doesn’t mean that you can’t list your home in December or August, but buyer activity tends to slow down then.

Often sellers mistakenly think they…


Welcome to our new real estate website!

Thursday, February 5th, 2009 at 2:06pm. 627 Views, 4 Comments.

web_logo_400Welcome to the new POWERHOMES real estate website.  We are really proud to be able to offer you a cutting edge real estate website that offers much more content in a user-friendly manner than any other that we have found in Montgomery County, MD. 

Please take some time to search through our content that we will be updating frequently.  Some of the cutting edge information that we will provide include:

- Current monthly Montgomery County housing market updates

- Power Search featuring all homes for sale in the area housing database (search using your own criteria)

- Save your search criteria and homes you are interested in your very own saved searches page

- Check out recent home sale prices by neighborhood and compare different areas

- Get relocation…


What is the Obama administration's newest attempt at hedging future foreclosures? Hafa video!

mortgage_300

Only a few short years ago, even Real Estate Agents did not know what a short sale was!  My, how things have changed... 

Banks have estimated that the majority of short sales will have been processed by 2014.  More than 1 in 4 of all homes are now backed my mortgages that are worth more than the collateral that secures them: the homes themselves! 

The Department of the Treasury recently put out a new progam called HAFA (Home Affordable Foreclosure Alternative), which should make things more standardized...

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Location, Location, Location vs. Jobs, Jobs, Jobs!

 

potomac_400Unemployment in MD, DC, VA & US

Interested to see how the DC metropolitain area stacks up in unemployment when compared to the nation?  I think you will find this interesting, and the graph below updates automatically and so is current now!  Please post your thoughts below, I would be interested in your opinion...

PLEASE NOTE: You can click on the graph to see actual numbers

 

 

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