Re: Market Update & The WREIA Weather Reset – Meeting Monday, March 20th

Shorts and t-shirts just a couple weeks ago, now we are back to the heavy winter coats.

Welcome to spring weather in Washington DC!

What does this crazy weather mean for our real estate market here in DC?

We definitely took a pause for a couple of days, but here is the thing: When you trap people inside for a few days, we all know they turn to the internet and start catching up on their web browsing.

There was a major uptick in home searches over the last week.

“Annual growth was slowest in January in Virginia Beach (+3.2 percent); Washington, D.C. (+3.6 percent); and Indianapolis (+3.7 percent).”

3.6% is great – but of the top 40 cities nationwide, it make you wonder what is going on that our back yard market can’t keep pace with Indianapolis?

You will get a chance to ask our WREIA member panel on Monday what they think is going on here in our local DC markets.

The panel lineup has not changed. Each of our guests has agreed to stick with us even though we had to reschedule from this past Monday.

We will be talking about the THREE PHASES OF RENOVATION. Each of our guests will bring their area of expertise to the panel and share their DECADES of experience.

Remember to update your calendar and be with us this Monday the 20th for our March WREIA meeting.

Also, keep an eye out for an email next week with details about our quarterly “WREIA Members Only” event. We will announce the details for you on Monday evening as well.

Do you have recent experience with Metro DC renovations? If you want to share your story about your business – can you get in touch with me? I would like to hear your story and perhaps we can share your lessons learned with our WREIA members at the March WREIA meeting.

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Interested in a seat or a WREIA Membership?

http://www.washingtonreianetwork.com/ John Peterson, the founder of Washington REIA, will be the moderator at the March 13, 2017 WREIA meeting.  Our topic will be “Panel of Professionals” where we will have DC area investors talk about the THREE PHASES OF RENOVATION.  We encourage you to attend WREIA this month at The Bethesda Womans Club – March 13th. Doors will open and registration will begin at 6:30.

“I hope to see you Monday Night!”

John Peterson

Founder, Washington REIA Network
Profitable Property
Rockville, MD
301-881-5541
ProfitableProperty@gmail.com

With over 800 renovations, John Peterson understands how to navigate the complex world of real estate investing. Submit a funding request or joint venture proposal on your project at http://www.DCHardMoneyLender.com

Re: The Key To Selling Fast

I was thinking about what to share with you today and a text came in a few moments ago from a friend.

“Have you seen The Deed on CNBC?”

“No. I saw a few ads for it. How is it?”

“You’ll like it. It’s good.”

I’m going to be honest. Another flipping show? If you’ve seen the show, let me know how it is?

Time is precious and nobody I know wants to give an hour to another drama filled flipping show where the “characters” freak out at the first sign of a dead mouse.

That said, I did find a quick article from one of the episodes where a person that looks like the “coach” or “advisor” talks about the list price being so important. You can catch the CNBC article with some video clips posted at http://www.cnbc.com/2017/03/08/sidney-torres-says-this-factor-makes-a-property-sell-the-fastest.html

True. If you make a mistake on the listing price, it can be a disaster.

If you price it too low – you may be leaving money on the table.

Too high – the property could get stale while you wait for traffic to even preview the property.

I’ve made errors on both sides of that coin. Everyone has.

If you want some tips or have some questions about how to come up with the right listing price join us at WREIA on Monday night.

We are going to have a “Panel of Pro’s” joining us to give their perspective on the three phases of renovating in the DC market. Our panel will share their experiences and it’s a chance for you to ask some questions and get some live “real world” feedback.

Plan to join us on Monday.

Learn to make small corrections in your renovation process. That my WREIA friends is what our panel is going to be focused on at WREIA – Monday the 13th.

Come out and join us. Network with real people operating in this business in our DC back yard.

It’s going to be a great night. No promises, but one tip could be so good, it might make you want to get up and dance.

Do you have recent experience with Metro DC renovations? If you want to share your story about your business – can you get in touch with me? I would like to hear your story and perhaps we can share your lessons learned with our WREIA members at the March WREIA meeting.

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Interested in a seat or a WREIA Membership?

Save a few dollars and reserve your seat early.

Tremendous Savings and Additional
“Members Only” Perks for WREIA Members

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Join us on March 13th and expand your belief that other people are out with me right here in the DC area making money in Real Estate.

Let’s FOCUS and make 2017 a great year for your business!

Let me know how I can help you,

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

Re: Drone Imaging For Real Estate

Like many parts of the renovation process, staging and getting the property to market is full of places some people make BIG mistakes.

Imaging can play a huge part in the success of your project. And today, there are more options than ever.

Drones, those little toys that everyone was asking about over the holidays are actually being put to use by some cutting edge agents. Of course, the professionals are using $2,000 versions of these flying video and photo machines.

We will have a panel of professional renovators with us on Monday night at our WREIA meeting talking about the three phases of renovation.

Of the three phases, staging and prepping the property to go to market is probably the least expensive. Unfortunately, by the time most renovators reach this phase, they have run over their budgets so bad that they try to “save” money right at the finish line.

There was an interesting article on CBS a few days ago that talked about how drones are changing real estate sales and marketing.

You can find the article and some nice overhead images posted at http://www.cbsnews.com/media/9-ways-drones-are-changing-real-estate/

I can save you the 9 frustrating clicks from one page to another (Why do they do that?) and point out a key take-a-way:

“People buy on emotion, and these videos really pull them in.”

Aerial photos and videos work great on the right property. If you have a small estate in Montgomery County or over in Falls Church, or a farm on the Eastern Shore it could be very appropriate to hire an aerial videographer to amp up your marketing.

The image at the top of the article is by a professional in the real estate photography business and can be viewed below.

It’s not too expensive, and can sometimes increase the number of views of your listings online. People like to share pretty things online and beautiful homes are no exception.

On a recent project we had a number of quotes in the $250-$300 range. Most companies will do internal photos as well as part of a package deal.

So there you have it. Spend a few extra dollars on your marketing expenses and perhaps you will sell a property a little faster.

Learn to make small corrections in your renovation process. That my WREIA friends is what I am going to be talking about at WREIA on Monday the 13th.