The Savings Speak for Themselves!

Home sellers who have chosen Spot Realty are definitely reaping the rewards of the FREE listing program. This program offers buyer's agents a typical 3% commission, but home sellers pay no commission to Spot Realty as the listing agent. In today's slower market when many sellers are trying to keep the costs of selling as low as possible in order to net the most money possible from the sale of their homes, the FREE Spot Realty program absolutely can't be beat! Look at the savings some of Spot's recent clients have realized and decide for yourself:

- Centreville 2 bedroom townhome: savings $9,870
- Leesburg 3 bedroom townhome: savings $12,075
- Alexandria single family home: savings $40,800 (unrepresented buyer!)
- Fairfax 3 bedroom townhome: savings $12,600
- Falls Church single family home: savings $12,300

The data strongly supports the proposition that the FREE Spot Realty listing program is the ideal solution to today's tighter real estate market, when many sellers have little equity to spend needlessly. The savings above are even more enticing because these sales successfully settled with zero surprises or delays. You are never on your own during a Spot Realty transaction; a licensed Spot Realty agent was available to these sellers at all times to ensure the transaction progressed smoothly and all parties benefitted at settlement.

Give Spot Realty a call today to discuss the FREE listing program and how we can make it work for you!

Is the Northern Virginia real estate market leveling?

George Mason University's Center for Regional Analysis reported this week on the local economy and provided their 2008 outlook. By any measure, their data showed that the housing market is weak. However, the report also included information that may be new to some readers:

- The local economy and housing market are doing better than many other cities.

- Strong job local job growth is helpful to the economy and housing market.

- August 2007 represented a low point for the housing market, in many respects.

- Housing prices are expected to be flat, overall, in 2008 (but individual areas could see values rise or fall.)

- The local economy should be slightly stronger in 2008 than in 2007.

You can download the report at the following URL:

http://www.cra-gmu.org/forecastreports/RealtorsMarketUpdateDec11.pdf

Spot listings sell faster than other listings!

Are free listings really better? Believe it!

You may think that Spot's free listings may take longer to sell than regular home listings. Not true. Here are the stats...

For Spot listings that went under contract in September, October and November, they took an average of 37 days to go under contract. By contrast, the average Northern Virginia listing took a whopping 107 days to go under contract (according to MRIS, the local MLS.) This statistic includes properties listed by all area brokerages that participate in the MLS, including traditional "full service" brokerages.

Amazing! Spot's listings sold in about 1/3 the time it took other listings to sell! And, Spot is free. How can you beat that?