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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The minute the listing alert hit his phone he contacted his realtor who ... arranged a showing the same afternoon. [/quote]

How do I get these phone alerts without signing a contract with a realtor?

This is a weird market.  D.C. housing futures were up 13% last year, but down 10% the previous year.  With such low volume, the market is not "hot".  Instead, it is illiquid because many owners won't sell and give up their low-interest mortgages.  Buyers must be very motivated to choose from such small inventory.

When mortgage rates drop, then a bunch of inventory will hit the market.  That should be good news for buyers.[/quote]

I bought my house in McLean in 2018, we started looking in 2017, competition was insane in 2017 and every year since. In McLean, Bethesda, Arlington, Potomac, NW DC and pretty much any good school district etc it has always been like this. In 2018 we viewed the property before the open house and made the offer 2 days prior to the open house.

From my understanding this sort of market competition has now moved to rest of the Fairfax and Montgomery county as well. Desirable houses in good school districts will always have bidding wars, I have been seeing this for the last 7 years and I don’t see any signs of a change.

If you are a serious buyer, you need to modify your strategy.[/quote]

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