Real estate Archives - The Hersh Group

Happy New Year! The start of the year is always an exciting time for us at The Hersh Group. It’s a chance to plan for the future and review as we look back on the past year. It’s also when we hear from many clients who want to know how the past year in real estate ended, and where the next is headed. Getting perspective on the past year’s trends helps us see how the future will unfold. Here are a few of the key developments the real estate market experienced in 2019. Interest rates were low, so money was cheap. While experts predicted a rise in interest rates last year, we saw drops below 4%. These low rates are expected to continue in the year ahead unless something changes bringing calm to the world economy. Demand for housing was ample, although supply was limited. It remained a sellers’ market in 2019 across most areas at the low to mid-level price points, with a continued lack of inventory for sale. Homeownership rates rose, thanks to low mortgage rates. Buying continued to be more economical than renting as rates dropped, and that brought a jump in homeownership rates, according to Census Bureau […]
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Selling in a Seller’s Market

by Ira Hersh· May 20, 2019· in Selling· 0 comments tags: DC Real Estate, DC To The Sea, Delaware beach real estate, MD real estate, Real estate, Seller's market, Selling strategies, Selling the DMV, Staging, The Hersh Group, VA real estate, Washington DC Real Estate

You’ve probably seen the headlines that there’s still a shortage of homes for sale in our area, and we’re heading deeper into a seller’s market. However, just because home sellers are favored when there’s low inventory, that doesn’t mean every property will sell for top dollar immediately just by picking a price and going on the market. Buyers in our market are extremely savvy and very selective, and if you’re getting ready to sell, you should take that into account when preparing and pricing your home for sale. So what can you do to help attract the most interest and get top dollar for your home in the shortest amount of time? Make your home move-in ready. Call it the HGTV effect, but more and more buyers come to the market with high expectations and desires for a move-in ready home with the latest updates and designs. Stage your home for success. Staging is critical these days, and a huge value-add for your sale. Many buyers have trouble imagining themselves living in a home, or hoe their belongings will fit into each space. Staging allows a buyer to mentally move into the home and shows how each room “lives” and […]
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Jam with us (again!) at the 8th Annual Bannockburn Music Festival

by Ira Hersh· September 16, 2018· in Uncategorized· 0 comments tags: Bannockburn, Bannockburn Music Festival, Bethesda, Bethesda real estate, DMV, Giving Back, Local Events, Maryland, MD real estate, Real estate, The Hersh Group, Washington DC Real Estate

This September, Lisa Levine and the Hersh Group are proud to again sponsor the Bannockburn Music Festival 2018! The annual event showcases local musical talent in the Bannockburn neighborhood of Bethesda, MD, while raising funds for the maintenance of the historic Bannockburn community clubhouse. Lisa and her family are longtime neighbors and enthusiastic supporters of this great event, and we’re delighted to join them. It’s a great way to celebrate the Bannockburn community, local musicians and vendors, and a fun fall weekend, with a terrific lineup of local bands and artists each day. When Saturday, September 22nd, 2pm to 10pm Where Bannockburn Community Clubhouse 6314 Bannockburn Drive Bethesda, MD Festival Schedule* 2:00 – 3:00 pm Combo Skillet (jazz) 3:15 – 4:15 pm Bob Marley Workshop (reggae) 4:30 – 5:30 pm The Truck Farmers (country) 5:45 – 6:45 pm MyKey and Colin Kelly (original pop) 7:00 – 8:20 pm The Montgomery Warlocks (Grateful Dead) 8:40 – 10:00 pm The Allman Others (Allman Bros.) *at least one Bannockburnian in every group! Vendors Ted’s Woodworking Shop, Kathy Bryant’s Mustards & Condiments, Snow Cabin Pottery, Runaway Silver (Jewelry), Kathryn Bird Glassware, and Blugnu Products. Silent Auction Live Jazz Party, […]
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Should You Consider Investing in Real Estate?

by Ira Hersh· April 26, 2018· in Uncategorized· 0 comments tags: Bethesda real estate, DC Real Estate, Investing, Investors, MD real estate, Real estate, The Hersh Group, VA real estate, Washington DC Real Estate

With the stock market experiencing increased volatility and more experts warning of an impending “Bear Market,” many people are considering real estate as a stable and reliable investment to balance their portfolios. A recent Bankrate survey concluded that 28% of respondents prefer real estate compared to 17% stocks when given the choice of long term investing. As real estate professionals, we’ve seen firsthand the value of investing in real property, from a simple diversification of assets to significant returns on investments. Why Invest? Real estate provides the investor four main benefits. In addition to steady cash flow from rental income, the investor will benefit from appreciation, depreciation, and principal reduction. Unlike a stock, real estate offers a tangible asset for individuals—an actual home in which you could live, if necessary. Here is a little more about the significant financial benefits attainable through investing in real estate: Cash Flow: An investment property—whether it is a condo, townhouse, suburban single-family house or an oceanfront vacation home —could bring positive cash flow from rental income. Tax Advantages: Deductions and depreciation are just two of the tax benefits that may be available to you as an investment property owner. Your tax adviser can help […]
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The 2019 Real Estate Year in Review (plus a look ahead to 2020)

Selling in a Seller’s Market

Jam with us (again!) at the 8th Annual Bannockburn Music Festival

Should You Consider Investing in Real Estate?

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