Anonymous wrote:I think everyone looking in Arlington is looking for under $900k. Those open houses are slammed. We went to some $1.1 - $1.2mil open houses this weekend (to see the homes in case they drop in price later in the season) and the open houses were dead. Same few couples at every house and lots and lots of neighbors scoping it out to see if they could also sell their small, somewhat renovated, weird layout, child unfriendly home for millions. I'm getting discouraged and not looking forward to having to make a split-second decision on whether to buy a $900k home before someone else nabs it. DH is also not into dropping that much cash without lots of research and deliberation, which you don't have time for in this market once you find a house. Argh.
Anonymous wrote:OP- Literally anywhere from Kent/Palisades up through Bethesda and Chevy Chase. There are houses, but not many. I'm hoping the inventory will widen in the next few weeks.
Anonymous wrote:"'a lot of people aren't selling, or aren't willing to accept low prices. Economics says that means prices go up.'"
OK, let me go list my house 10% higher than any comps sold and stubbornly not accept anything less. "That means prices will go up!"
Sounds like a good plan.
Anonymous wrote:Anonymous wrote:Anonymous wrote:OP- Literally anywhere from Kent/Palisades up through Bethesda and Chevy Chase. There are houses, but not many. I'm hoping the inventory will widen in the next few weeks.
We're looking in the same area and are anxiously waiting!
What are you waiting for?
Have you tried to sell your existing home? Think about it...... Wouldn't you expect that if you made an offer that reassured the seller that you have a purchaser and a firm settlement date in hand for your existing home that the seller of the home you desire would be more willing to accept your offer to purchase?
Or do you think that if inventory widens (increases), you will get the price you expect for your existing home? Basic economics of supply and demand indicate that if you sell now, you will have more equity available to contract to buy your next home. If inventory increases, prices soften. List now and sell, and improve your chances of getting the home you desire.
Anonymous wrote:Anonymous wrote:OP- Literally anywhere from Kent/Palisades up through Bethesda and Chevy Chase. There are houses, but not many. I'm hoping the inventory will widen in the next few weeks.
We're looking in the same area and are anxiously waiting!
Anonymous wrote:I think that inventory is low in part because there's no where for anyone to go! I'm eager to sell my house, but I can't do it until I find something to buy.
We're in Ch Ch DC. Once we find someplace to buy, this place will be listed in a hurry!
Anonymous wrote:Anonymous wrote:Anonymous wrote:We have a house soon for sale that will go in a minute. But nothing for us worth buying, so here we will stay![]()
this was us last year.
we refused to sell our house until we found a new one. we made offers on homes that had a home-sale contingency. the real estate agents were horrified but it worked out well for us.
How did you work your contingency? Did you put in a time limit? We're in a similar position, but I'm leery of putting a contingency in an offer in a market where things are tight and moving fast if the house is good.
Anonymous wrote:We are looking in Arlington for under $900k. Anyone selling soon? Pretty please?
Anonymous wrote:Anonymous wrote:I think that inventory is low in part because there's no where for anyone to go! I'm eager to sell my house, but I can't do it until I find something to buy.
We're in Ch Ch DC. Once we find someplace to buy, this place will be listed in a hurry!
Same here. I thought I had written this, had to double-check the date!