Market slows in DC region including Maryland & Virginia

The Washington Post has just published an article showing what we’ve been seeing for a few months now.  The media can take a bit longer to report on what we see everyday speaking with sellers and buyers.  That said, it’s getting tougher to sell a property in the Maryland, District of Columbia, and Virginia markets.  There is always a summer slowdown with real estate, when buyers go on vacation and are prepping for kids going back to school.  However, this summer things have slowed to a crawl.  Likely affected by the government shutdown last October, sales have stagnated from this point last year.

Another factor remaining out of sellers control, is the ability for a buyer to qualify for a mortgage based on new tougher mortgage qualification standards.  Uncertainty about the economy may have other buyers leery of moving forward on such a large purchase.

More information can be found at this link to the Washington Post article,

Before you move forward with listing your home and having it languish on the market for months, give us a call and let’s discuss what we can offer you cash for your property.  We can cover closing costs & moving expenses.  We can even arrange to clean out your property and donate excess to charity.  Call Beltway Home Buyer at 443-295-3856 to get your no strings attached cash offer.

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