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Day 345: The Sunday Snapshot, Bethesda Real Estate

It’s Sunday, December 11, 2011 and exactly 2 weeks before Christmas.  It appears that many real estate agents have decided to take the rare Sunday off as there are only 36 open houses scheduled for today in Bethesda and Chevy Chase.  Here is a link to a site where you can find them all: www.HomesDatabase.com.

RE/MAX Real Estate Professionals www.KeystoBethesda.com

If you’re looking to put the keys to a new home under your tree this year, you might need to work with a Buyer’s Agent instead of trying to find your dream home by simply visiting open houses.  Today, you will find less than 1% of the available inventory is open for viewing.

There are plenty of advantages to hiring a Buyer’s Agent other than the obvious one of easier access to ALL the homes on the market.  Choose wisely and your Buyer’s Agent will provide helpful (often money-saving) advice.  Choose a professional with many years of local real estate experience and you will gain insights into neighborhood amenities and/or negative factors to consider, school information and negotiation advice.

The professional Buyer’s Agent is your advocate and your link to professional mortgage lenders, inspectors, contractors, settlement attorneys and others you will need as you proceed with a home purchase.  Look for someone who is experienced, proactive, communicative and a good listener!  This may not always be the area “top producer.”

Also, make sure your agent really knows the local market.  If someone works very broad geographic areas but has no particular specific market emphasis, they may not have the detailed insights that you need, especially in a town like ours.  Bethesda and Chevy Chase can vary drastically from street-to-street in terms of the value proposition of the land and homes – take for example Edgemoor versus any surrounding neighborhood.  Edgemoor demands a pretty significant premium.  These things are not advertised but experienced local agents, similar to local appraisers, know the financial implications of location!

There is essentially no cost to you to work with a Buyer’s Agent so take advantage of this built-in perk in real estate.  Would you represent yourself in court?  Probably not.  So why represent yourself in what may be the single largest financial investment of your life?

If a new home is on your Christmas list or one of your New Year’s resolutions, look to a professional local Buyer’s Agent to guide you through the process – and if you just want to browse at some interesting homes today, here are a few that caught my eye:

8215 Custer Rd - Photo by MRIS

8215 Custer Rd in the Greenwich Forest Neighborhood – List Price $2,195,000 – Architecturally interesting and in a great location close to downtown. Listed by Long and Foster.

5506 Hoover St in the Huntington Terrace neighborhood of Bethesda – List Price $899,000 (Recently reduced!) – Looks much smaller from the street than it is.  New addition on the back side of the home is stunning.  Convenient location and Whitman schools! Listed by Long and Foster.

8007 Park Ln in the Battery Park neighborhood of Bethesda – List price $650,000.  Ooo La La!  Walk to Bethesda for that price?  Yes, the home needs work but the Battery Park neighborhood is hard to get into – especially at this price point.  This home is an interesting proposition for the investor or renovator.  Listed by Prudential PenFed Realty.

I will be visiting these today too.  Maybe I will see you there?  Happy Sunday.     ~Amy

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