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The spring market is here (It’s different, but it’s here!)

by Ira Hersh· April 16, 2020· in Uncategorized· 0 comments tags: COVID-19, DMV Real Estate, DMV Realtors, Make Your Move, Selling the DMV, Spring Market, The Hersh Group
The beginning of April is typically real estate’s busy season, the height of the spring market, with sellers hosting open houses and buyers out touring properties. This year has been very different, as the COVID-19 pandemic has prompted stay-at-home orders across our area, and companies nationwide, including Long & Foster, have taken to conducting business virtually. The way we’re serving clients is definitely different, but what isn’t is our commitment to your safety and satisfaction. Many consumers have hit the pause button, taking this time instead to focus on their families, but demand has not fundamentally shifted. Likewise, some people still need to make a move and are leveraging low interest rates to do so. As of April 9, the 30-year fixed rate was an attractive 3.33%, according to Freddie Mac, prompting refinances for current owners and increasing buying power for shoppers. For those consumers who are currently buying or selling, our team still here for you! We’re leveraging technology to support you while following CDC and local guidelines for social distancing. From virtual tours to online closings, we’re helping consumers find their way home, from home. This past week alone, Long & Foster added over 650 new listings with […]
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Coping during COVID-19 (We’re here for you!)

by Ira Hersh· March 27, 2020· in Uncategorized· 0 comments tags: COVID-19, DMV Real Estate, Selling the DMV, The Hersh Group
To our Clients and Friends, We here at the Hersh Group always strive to make your real estate experience as smooth and stress-free as possible.  These are new and challenging times, and our goal is to maintain the highest standards for our clients while keeping as cautious and safe as possible.  Nothing matters more to us than the health and well-being of our clients, friends, and family, and we’re taking additional precautions to help prevent the spread of COVID-19 while still working hard for our buyers and sellers. THE HERSH GROUP IS HERE FOR YOU We’re still in business, and our team is still working diligently around the clock for our clients.  By utilizing Long & Foster’s tools and our own internal systems, we’re very well-equipped to work remotely as a team with our clients, settlement agents, lenders, and other agents in our industry. Our team is proud to work with Long & Foster Real Estate, a broker that provides the tools we need to allow us to work remotely and also has the leadership and collaborative spirit to keep us moving forward.  We have daily virtual meetings with our manager and colleagues, as well as a daily online briefing […]
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Do low inventory woes mean big wins for sellers?

by Ira Hersh· September 12, 2019· in Real Estate Predictions, Real Estate Report, Selling· 0 comments tags: DC Real Estate, DC To The Sea, Delaware beach real estate, DMV, DMV Real Estate, Market update, Maryland, Seller's market, Selling strategies, Selling the DMV, The Hersh Group, VA real estate, Washington DC Real Estate
No matter where you look across the DMV, inventory shortages are driving the real estate market.  With fewer properties for sale, home prices have grown higher while sales periods have tightened.  These conditions present tremendous opportunities for sellers, with escalated prices, short settlement periods, and far fewer contract contingencies.  It can also be worrying, however, for those sellers who also need to buy a new property after selling. Thankfully, those worries can be overcome through preparation, planning, and working with professionals like us!  Here are just a few ways that home sellers can become successful buyers, too. Begin your new home search before listing your current house.  With homes in the DMV selling quickly—sometimes in less than a week, depending on your neighborhood—you’ll want to make sure you have a head-start on your next home search before yours goes up for sale. Take advantage of declining mortgage rates.  Rates were expected to rise above 5% this year, but we’ve seen the opposite occur, with mortgage rates hitting their lowest point since November 2016.  Talk to your mortgage consultant now to lock in the best rates.  We’re happy to refer you to our team at Prosperity Home Mortgage, LLC, for assistance, […]
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Ira Hersh
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