Peter Engel Realtor

Peter Engel Realtor Realtor serving Loudoun, Fairfax and surrounding areas with Keller Williams Realty Dulles
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08/16/2024

Reasons To Move in Today’s Shifting Market

You have 3 key opportunities if you’re looking to move this fall. Inventory is growing, homebuilders are motivated to sell, and mortgage rates have come down from their recent peak. Let’s connect if you want more information.

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08/16/2024

The housing market is in a transition. And that gives you 3 key opportunities going into the fall.

Good news for all the buyers out there.The supply of homes for sale has grown significantly this year. There are 36.6% m...
08/15/2024

Good news for all the buyers out there.

The supply of homes for sale has grown significantly this year. There are 36.6% more homes actively for sale compared to 2023. This means more options for you.

But this doesn’t mean we have an oversupply. Inventory is still almost 29% lower compared to more normal years like 2017-2019.

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08/15/2024

When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle.

The Great Wealth Transfer: A New Era of OpportunityIn recent years, there’s been a significant shift in how wealth is di...
08/14/2024

The Great Wealth Transfer: A New Era of Opportunity

In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.

Basically, as more Baby Boomers retire, sell businesses, or downsize their homes, more substantial assets are being passed down to younger generations. And this creates a powerful ripple effect that’ll continue over the next few decades.

Impact on the Housing Market

One of the most immediate effects of this wealth transfer is on the housing market. Home affordability has been a concern for many aspiring buyers, especially in high-demand areas. The increase in generational wealth is expected to ease some of these challenges by providing future homeowners with greater financial resources. As assets are passed down through generations, buyers may find themselves in a better position to afford homes.

Impact on the Economy

But the Great Wealth...

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In recent years, there’s been a significant shift in how wealth is distributed among generations.

08/14/2024

In recent years, there’s been a significant shift in how wealth is distributed among generations.

Helpful Negotiation Tactics for Today’s Housing MarketIf you haven’t already heard, homebuyers are regaining some negoti...
08/13/2024

Helpful Negotiation Tactics for Today’s Housing Market

If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market. And while that doesn’t make this a buyer’s market, it does mean buyers may be able to ask for a little more. So, sellers need to be ready for that possibility and know what they’re willing to negotiate.

Whether you’re looking to buy or sell a house, here’s a quick rundown of potential negotiations that may pop up during your transaction. That way, you’re prepared no matter which side of the deal you’re on.

What Can You Negotiate?

Most things in a home purchase are on the negotiation table. Here’s a list of just a few of those options, according to Kiplinger and LendingTree:

• Sale Price
• Home Repairs
• Fixtures
• Closing Costs
• Home Warranties
• Closing Date

One thing is true whether you’re a buyer or a seller, and that’s how much your agent can help you throughout the...

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If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market.

08/13/2024

Over the past couple of years, a lot of people have had a hard time buying a home.

08/12/2024

Home Inspections for Sellers: How To Prepare

Wondering how to get your house ready for the inspection? You may want to do some select repairs before listing to get ahead. To decide what's worth tackling, you need expert advice. Let's chat so you know what to prioritize.

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08/12/2024

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

Getting ready to sell your house? Here’s the scoop on home inspections and how to prep for them. As more homes hit the m...
08/09/2024

Getting ready to sell your house? Here’s the scoop on home inspections and how to prep for them.

As more homes hit the market, buyers are regaining some negotiating power. That means it might be a good idea to tackle some key repairs before listing.

But how do you know which ones are worth it?

Expert advice is key. Let's chat so you know what to prioritize.

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08/09/2024

If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for.

Where Will You Go After You Sell?If you’re planning to sell your house and move, you probably know there’s been a shorta...
08/08/2024

Where Will You Go After You Sell?

If you’re planning to sell your house and move, you probably know there’s been a shortage of options available. But here’s the good news: the supply of homes for sale has grown in a lot of markets this year – and that’s not just existing, or previously-owned, homes. It’s true for newly built homes too.

So how do you decide which route to go? The choice is yours – you just need to figure out what’s most important to you.

Here are some benefits of buying a newly built home right now:

>>Have brand new everything with never-been-used appliances and materials
>>Use energy efficient options to save money and leave a smaller footprint
>>Minimize the need for repairs and benefit from builder warranties
>>Take advantage of builder concessions that can help with affordability

Ralph McLaughlin, Senior Economist at Realtor.com, shares, “Homebuyers who are looking for that ‘new-home smell’ may be in a...

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If you’re planning to sell your house and move, you probably know there’s been a shortage of options available.

08/08/2024

If you’re planning to sell your house and move, you probably know there’s been a shortage of options available.

Mortgage Rates Down a Full Percent from Recent HighMortgage rates have been one of the hottest topics in the housing mar...
08/07/2024

Mortgage Rates Down a Full Percent from Recent High

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may be getting your wish.

After the latest reports on the economy, inflation, the unemployment rate, and the Federal Reserve’s recent comments, mortgage rates started dropping a bit. And according to Freddie Mac, they’re now at a level we haven’t seen since February.

Maybe you’re seeing this and wondering if you should ride the wave and see how low they’ll go. If that’s the case, here’s some important perspective. Remember, the record-low rates from the pandemic are a thing of the past. And if you wait for mortgage rates to drop further, you might find yourself dealing with more...

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Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability.

08/07/2024

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability.

Trying to decide if you want to sell or rent out your house once you move?There’s a lot to consider – especially when it...
08/06/2024

Trying to decide if you want to sell or rent out your house once you move?
There’s a lot to consider – especially when it comes to figuring out if the profit is really worth the potential pains you might come up against.
Pro tip: Talking to another landlord plus professionals (like me) can help you decide what’s best for you and your situation.

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08/06/2024

If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market.

Wondering if a housing market crash is on the horizon? Think again. Unlike 2008's oversupply issue, today we're facing a...
08/05/2024

Wondering if a housing market crash is on the horizon? Think again.

Unlike 2008's oversupply issue, today we're facing an undersupply of homes.

From existing homes to new builds and even foreclosures, all inventory levels are significantly lower than during the last housing crisis.

The numbers are clear—today's inventory conditions are simply not the same.

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08/05/2024

Curious about selling your home?

08/02/2024

3 Graphs That Show We’re Not Headed for a Housing Market Crash

Back in 2008, there were too many homes on the market. Today, it’s just the opposite. The three main sources of inventory show this isn’t like the last time.

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08/02/2024

Back in 2008, there was an oversupply of homes for sale.

Why the Sandwich Generation Is Buying Multi-Generational HomesAre you a part of the Sandwich Generation? According to Re...
08/01/2024

Why the Sandwich Generation Is Buying Multi-Generational Homes

Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time.

If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home.

How Can It Help You Buy a Home?

Here are a few ways their caretaking situation might be helping those 33% buy a home:

• Sharing Expenses

• Built-In Childcare

Beyond just the financial reasons, buying a multi-generational home has other advantages. The Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) highlights some of the most popular, including:

• Easier To Care for Aging Parents

• Spending More Time...

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Are you a part of the Sandwich Generation?

08/01/2024

Are you a part of the Sandwich Generation?

Should You Rent Out or Sell Your House?Figuring out what to do with your house when you're ready to move can be a big de...
07/31/2024

Should You Rent Out or Sell Your House?

Figuring out what to do with your house when you're ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth?

Is Your House a Good Fit for Renting?

Even if you're interested in becoming a landlord, your current house might not be ideal for renting. Maybe you're moving far away, so keeping up with the ongoing maintenance would be a hassle, the neighborhood isn't great for rentals, or the house needs significant repairs before you could rent it out.

If any of this sounds like it might apply, selling might be your best option.

Are You Ready for the Realities of Being a Landlord?

Managing a rental property isn't just about collecting rent checks. It's a time-consuming and sometimes challenging job.

For example, you may get calls from tenants at all hours of the day with maintenance requests. Or you may...

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Figuring out what to do with your house when you're ready to move can be a big decision.

07/31/2024

Figuring out what to do with your house when you're ready to move can be a big decision.

07/30/2024

Unlocking the Benefits of Your Home Equity

Home equity is the difference between how much your home is worth and how much you owe on your mortgage. And for most people it’s gotten a big boost in recent years, thanks to rising home prices. If you want to find out how much equity you have, reach out for a professional equity assessment report.

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07/30/2024

The housing market is going through a transition.

Let’s talk about equity.On average, homeowners gained $28,000 over the past year and have a grand total of $305,000 wort...
07/29/2024

Let’s talk about equity.

On average, homeowners gained $28,000 over the past year and have a grand total of $305,000 worth of equity in their homes. That’s a whole lot of leverage for your next move.

Curious about how much you have? Let’s do a Professional Equity Assessment Report. Comment “Equity” below if you’re interested.

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07/29/2024

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening.

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Sterling, VA
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