- January 18, 2014
- Kim Kroner
- Bethesda,for sale,Home,Kim Kroner,Long & Foster,MD,real estate,Trends,VA 22191,Weekly article,zillow
Welcome to the latest issue of my newsletter!
As a real estate professional, I strive to keep in touch with my clients and provide them with information that I hope they will find useful. This newsletter is an opportunity to let you know about the state of the market and current trends. It may even touch on ways that you could enhance your home’s value. I hope the market data and articles will help you with understanding real estate today and help you with your real estate decisions. If you have any questions, please do not hesitate to contact me.
Kim Kroner & The Kroner Team
Trends, Tips & Tricks
MRIS Real Estate Sales Data
Average Listing Price (last 12 months)
Average List Price in December
|Single Family Homes||$719,315||Condos/Townhomes||$386,003||Multi-family Homes||$4,714,502|
Keys for Buying and Selling when the Market is slow
It’s a whole new world for home sellers. So, how do you make your house stand out so it will sell when sales are slow?
Price your home correctly. When mortgage rates are low and buyers are chasing too few houses for sale, sellers can ask high prices and get them. Even when houses are overpriced for the market, sellers are likely to receive some offers, as buyers are often desperate to find a home that meets their needs.
But, when things are slow, pricing is absolutely critical. Instead of pricing your home aggressively high or low, you should consider pricing your home no higher than the middle of the range for homes comparable to yours. And if you need to sell your home quickly, consider pricing your home in the bottom 25 percent of comparable homes. Why? With few buyers chasing many homes, you need to quickly get the attention of those who are serious about buying. If your home is priced too high, you many never get buyers to even consider looking at your home.
MRIS Real Estate Sales Data
Days on Market (last 12 months)
Current Average Days on Market in December
|Single Family Homes||156||Condos/Townhomes||104||Multi-family Homes||181|
Home Improvements and Which Ones to Do
Whether you plan to sell in the near future, or just want to improve the value of your home, here is one low cost improvement you should consider.
Paint the interior. If you haven’t painted in 10 years or more, your ceiling is probably looking dull and the colors on your walls are out of style.
New home owners have a tendency to use the same color throughout most of their house. That color is usually white, or another neutral color. You can increase the value of your home by choosing more contemporary colors, oftentimes selecting more vibrant colors for at least a few rooms in your home. Freshly painted ceilings will brighten your home.
Read more: http://www.houselogic.com/home-advice/home-improvement/9-surprising-things-add-value-your-house/#ixzz2rSsofxVf
309 Maple Avenue West
Vienna, VA, 22180
- January 18, 2014
- Kim Kroner
- 1497 MERIDIAN CT,Bethesda,for sale,Home,Kim Kroner,Long & Foster,Lorton,MD,real estate,Trends,VA 22191,Virginia,Weekly article,WOODBRIDGE,zillow
This dining room, full of Spanish-influenced details, is part of a larger open-concept room that includes the living room and gallery hall. “Shaba Derazi, [currently with Young & Meathe Custom Homes] was the project manager and his input and guidance were invaluable,” says Coleman. “He worked with me on many of the interior custom design features of the home.”
The walls are drywall with a skim coat of plaster over them to resemble the original stucco walls of vintage Spanish construction. Painted a soft beige, they provide a subtle background for the contrasting deep wood and wrought iron accents. Four pecky cypress beams highlight the thirteen-foot ceiling in the entire great room area. Carved, heavy, ten-foot doors in the dining room are mahogany and were purchased through No Mas!, a company that designs and imports Mexican art objects. And Coleman says the doors to the left and right of the sideboard, were carved by a seventy-year-old Mexican woman. “All the other doors in the home were custom designed by William T. Baker and myself,” she says. “An example is the beautiful dark-wood-framed, glass-paned arched door leading to the courtyard from the dining area.” The wrought iron chandelier, well sized for the high ceilings, has a match in the living room area and both were sourced from California-based Arte de Mexico.
The arched niche is a traditional architectural design element of the Spanish Colonial Revival style. The sideboard, a rich dark wood that is typical of the style, was purchased in an antique store and nests perfectly in the space. The mirror above was custom-made. Two sconces, which also appear in other areas of the home, are reminiscent of early Spanish candleholders. And the tile floors throughout the entire dining room, living room, and gallery hallway are travertine with chiseled edges.
The dining room table is a double pedestal table that the owners brought with them to this home, but the antique wooden chairs were purchased separately. “The host and hostess chairs were designed and upholstered in fabric from Lewis & Sheron Textiles by my upholsterer, Miquel Moreno of Custom Slipcover & Upholstery,” says Coleman. “They add a soft and plush feel to the dining area.”
Baker says that the owners wanted a dressy-casual family home that would fit their lifestyle. “They wanted the home to be comfortable for when it was just the two of them, and to function perfectly when it was full of family or friends, or when they hosted a major corporate event,” he explains. “The Spanish Colonial Revival style lends itself well to all of these needs. From relaxing and casual to formal or elegant, the design is exactly suited to what the Colemans were looking for.”
Photography By Scott Moore Photography
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