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Contact Powers Team

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

What Determines a Home’s Value?

In a simple answer – buyers and only what they are willing to pay is what determines your homes value ultimately.  However, there are so many intricate details involved in pricing a home, most of which involve determining what buyers are doing in the marketplace, what features your home has in relation to the recently sold homes, and whether the market is a buyer’s market or a seller’s market. 

This is why it is important at all times to put your home in top shape before listing it for sale.  This is particularly important in a market where there are many more homes on the market than there are buyers (buyer’s market).  But, even in a seller’s market (more buyers than homes for sale), sellers can have more offers to work with to get the best deal for their homes than ones which were not maintained or spruced up before placing it on the market for sale.

More articles:

  • The decision to sell
  • The difference between a buyer's and a seller's market
  • Do I need a Realtor to sell my home?
  • Staging - what is it and why is it necessary?
  • Pricing it right is critical
  • What determines a home's value?
  • Marketing your home
  • What to expect after listing your home for sale
  • Home Improvements
  • What are disclosures?
  • Short sales, foreclosures, and bank-owned properties (or REO)
  • Lease options
  • Offers
  • Multiple bids
  • What is a seller subsidy?
  • Negotiating offers
  • Now that you have a contract on you home
  • What should I expect at settlement?

    • Flip or Rental?! Watch the Change! (My latest investment property)

    See the video below of 505 Ellrose Court!

    http://freedomstudios.com/505EllroseCourt

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    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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