r/DMV_RealEstate

Hi all. Title pretty much explains our current situation. We've lived in our 1 bed/1 bath condo for nearly 3 years but since having gotten married, we are now looking to expand. Our condo has been on the market for 60 days and we just dropped the price yesterday by $10k.

We originally listed it at $249k, with some showings here and there, but no offers yet. I'm getting frustrated and want to see if there's any advice (or words of encouragement) from folks who have sold their own condo within the past year.

With inflation and the interest rate going up, I'm worried we're in a tough situation. Our HOA fee is $470/month, we have an updated bathroom, hardwood floors, 2-1 washer/dryer, and live in a well-maintained and beautiful neighborhood. Just hard to get people to give us an offer. Anything else we could be doing? I know patience is key here, but can't help and ask others for some comforting advice (I guess?).

Thanks in advance!

Experience the epitome of comfort in this one of a kind home where charm and sophistication harmonize effortlessly. This unmatched property offers exceptional value today and in the future, combining a current renovated residence with a premium lot. An exceptionally rare gem, it surpasses expectations with meticulous craftsmanship redefining the concept of a refined lifestyle. A work of art in itself, this extraordinary residence showcases true pride in ownership, while giving you main-level living at its finest. The inviting kitchen serves as the perfect setting for intimate dining experiences with loved ones or hosting memorable gatherings with friends. Steps from your kitchen, you are granted effortless access to your expansive backyard oasis, enveloping you in serene relaxation. Unwind in your private backyard while savoring the aromas of a grilled feast, lose yourself in a captivating book, or revel in a refreshing beverage, uninterrupted by any distractions. The property sets the stage for various recreational activities in your fenced-in backyard. Evening weekend nights will never be the same as you can cozy up by a fireplace and enjoy memorable moments. Property has the possibility of the third bedroom if buyer desires. The perfect place to call home, while making memories that will last a lifetime!

The catch line didn’t age well 😳.

My husband and I own a 2/2.5 top floor corner condo in upper Montgomery County MD, and we want to sell due personal/family reasons. We plan to list end of February 2027. We can’t list earlier than next year as we are very busy this holiday season, so we wouldn’t have the time to declutter, pack, and move. Our condo association runs decently well, and their financials appear to be in good standing. Condo fees are OK/average for a garden style complex.

With rising interest rates and how the economy is looking, we’re a little more hesitant but still leaning mostly towards selling. We’re thinking to list for basically what we bought it for, or even slightly below? We purchased in 2023 and put down 30%. We are prepared to eat some losses, but do need some of the equity from the condo for our next home. There is low turnover in the complex, so last sold comp was almost a year ago, and the closest garden style complex has sold similar condos anywhere from 350-400.

We haven’t done any major cosmetic changes, but we did replace the HVAC + added a smart thermostat, washer and dryer, water heater, and fridge. We already plan to paint and deep clean the carpet. We would be living with family while we’re between homes, so all of our stuff would be moved out (trying to see if it would be better to use our furniture to stage or leave it empty though). Is it worthwhile to replace some outdated light fixtures? Do we take exterior photos now with the pretty fall leaves? Any advice from recent condo sellers, interested condo buyers, or realtors on some other things we can do to help garner interest in this market would be helpful.

Hi, I’m trying to sell a home in Falls Church— it is an incredible home and I’ve dropped the price and am willing to take lower than listing, but every time I drop the price the Zestimate drops and I don’t want to do that again. Any advice on how to reach potential buyers at a lower price point without dropping the price? My agent is reaching out to other agents.

I'm planning to sell my townhome in Brambleton which is very close to Regal Fox, Brambleton Library and Harris Teeter. It's approximately 2325 SQ.FT 3 level townhome. 2014 construction. I'm preparing to go through an agent but wondering if people are still buying homes in this market.

WTF! I know in the late 70s rates were 15-16%, but home prices in relation to income could not have been as whacked as it is now.