Kehoe Construction has built at least one house (perhaps two houses) on our street in Bethesda in the past two years. They still regularly send letters to the rest of us on the street to ask if we'd like to have them purchase our house to tear it down and then build a new house. The houses that they are built look really nice, even if it makes the other (original 1950's) houses on the street look shabby and small. https://www.kehoeconstruct.com/portfolio |
We had a lot of work done on our home and realtors keep stopping by to see if we are selling. We are just upgrading. We may have a list of ten people interested and we aren't even in Bethesda. We live in Rockville. |
PP you replied to. Sure. I live near downtown Bethesda, where people have more money than sense. My neighbor renovated her house to sell it - a charming storybook cottage in pristine condition. The buyers she selected swore up and down they wouldn't touch it, then as soon as she moved out, tore the whole thing down and built 3 times larger (and uglier). I think your best paid plans will run afoul of this area's poor economic outlook, however. There are more federal layoffs on going and planned and this will have a snowballing effect on the region, which is built on services to the federal workforce. Whatever you do, it might not sell for the price you want. If you don't need the money, I'd try renting it out instead. |
I'm the PP who lives in Bethesda. Not quite. The spring market started as the usual sellers' market, and in March/April, started to really slow down. The expensive end of the market (5-7M) is frozen. The only houses that sold well were the bottom of the market starter homes at ~1.5M (some in As-Is condition). Now I feel it's a buyer's market... except that a lot of buyers have left the market. So brace yourself, OP. |
It’s the same in N Arlington and McLean (and NW DC) but unfortunately when you bring this up on here, a bunch of people get really agitated and it devolves into an “I feel” vs “The data shows” situation. |
OP don't narrow down your market or exclude a segment of the market. All the builders look at mls listings as they come on. Most have in house agents, while others have hungry agents who troll the market b/c they want to bring them deals w/ the idea of then listing it to sell when built. Just put it on as-is. You don't have to put money in to stage it or do repairs but spend some serious time decluttering and making it look clean and fresh. You may be surprised at how many bottom of the market buyers you are appealing to - this could be their only entry into a neighborhood |
Developers are not going to offer you top dollar. A family who can’t afford a new build might be happy to buy your house and renovate it for themselves. List and see what happens. |
This post made a lot of sense until the bolded, which calls into question everything else in the post. It's a shame, really, that the PP undercut herself with such idiocy. |
All this debate about the state of the market is pointless. This is why you list the house on the MLS and see what happens. If OP does that, I think OP will be pleasantly surprised as long as they don't have unrealistic expectations. |
What is the problem? This is exactly what is happening in my neighborhood and is what two real estate agents I know say is happening. |
I repeat - the bolded section, where OP refers to "starter homes" at ~$1.5m, is idiocy. How was that all unclear? |
Are you a moron? |
It actually makes a lot of sense if you’ve seen the quality of 1.5 homes in Bethesda. |
No. But if you think a starter home in Bethesda is $1.5m, you are. |
But many of them are. Calling people names doesn’t change the facts. |