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Re/Max Executives

Real Estate Slows in the Dog Days of Summer

Tuesday, July 26, 2011

Well, just when you thought that I was ALWAYS going to be positive, we are coming to a little market slow down.  Traffic is down at the open houses.  Sellers are reducing prices to stay in the game.  Even with interest rates hovering around 4.5%, making the payments very affordable, purchasers are still hesitant to commit.  If you want to sell at this time, be sure to price your property attractively, and come on the market with the property 100% ready to go.  If you are looking to buy, this is a great time to pick up some bargains.
506 Seward SquareInvestor Alert -- Grande Dame Victorian for Sale on Capitol Hill.  4 units, all rented, well priced at $1,450,000

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**I am a Realtor with Re/Max Executives. Licensed in both Virginia and Washington D.C.

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