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Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA,Coldwell Banker

1 in 20 or 5%? It Makes a Difference

I start each morning by checking my email messages and a few posts on Active Rain while I am waiting for the coffee to drip. This morning I read an blog by Dean Jackson which gives four great topics to blog about from www.realestateblogideas.com. Dean noted that 1 person in 20 plans to buy a new house next year.

I confess that my day brightened when I read that 1 person out of every 20 plans to buy a new house. I imagined myself walking through a mall this afternoon surrounded by potential buyers - Every 20th person I saw was going to be a candidate to buy a house. I was definately ready to start my day with such a motivating image.

Intrigued by the website, I clicked through to it and saw that the title of article he had referenced from MSNBC actually was ONLY 5% PLAN TO BUY A HOME NEXT YEAR. The first paragraph reads as follows:

NEW YORK - Just one in twenty Americans say they plan to buy a home within the next year, and they're most likely to be 34 years old or younger and living in the South or West, according to a survey released Wednesday.

WOW - that's depressing. Only 5% plan on buying a home next year. How do you find that needle in a haystack?

Oh, wait. I passed 5th grade math, and am in fact smarter than a 3rd grader. 1 in 20 is the same as 5%, but somehow, 1 in 20 sounds better for some reason.

As always, and particularly in Washington, DC, presentation is everything. Spin over substance. But when you are self employed like we are, it is so important to keep up beat - to live on the peaks rather than mope in the valleys. So, I may in fact go to a mall this afternoon and look at all those 1 in 20 people walking around that will buy a house from me in 2010. That is the thought that I am going to hold on to, rather than the 95% of the population that won't!

If you are that one of the twenty looking for a new home, be sure to call Lise Howe at 240-401-5577 or check out her websites, www.dchomenews.com, www.homesinchevychasebethesda.com, and the newest addition, www.kenwood-forest.com to find that dream house! Lise will make sure that your purchase or sale is the easiest you have ever experienced! Put Lise and her team to work for you!

Want to Buy a Home? Skip the Short Sale!

You did everything you were supposed to. You researched your choices carefully on the Internet using useful websites like www.dchomenews.com, that really guided you to all the good deals. You got your financing in line, and you found yourself a fabulous agent. After several months of looking in Bethesda, Chevy Chase, DC, and everywhere else,

As everyone knows, a short sale is never short! It can take months to close, leaving you, the buyer, in the dark as to what is happening. You sign a contract with the seller, but the contract is subject to third party review. The seller doesn't actually care any more what price he or she sells the house for. He isn't breaking even, so a small loss is the same as a big loss. Don't count on the fact that the seller accepted your offer.

You sit back to wait for the broker price opinion, and the process, the review, the paperwork. Rationally, you know that you don't have a "deal" yet, but in your mind, you are arranging furniture in your new house. You are picturing the flowers in the garden and the holiday dinners you are going to prepare. You are telling your friends about the lovely color that you are going to paint your bedroom, and the new comforter that you saw at Target.

BUT WAIT! REMEMBER..... YOU DON'T HAVE A DEAL YET. YOU AREN'T ACTUALLY COMPLETELY UNDER CONTRACT! You still have a HUGE contingency.

Sure, tell your heart what your brain doesn't want to remember.

It actually is important to remember that you don't have a contract with all the contingencies removed. The listing agent may call your agent and say that the bank has refused to accept your offer - even though the seller did agree - 2 months ago. The market is changing, and the banks may not be so willing to go along with contracts that were negotiated several months ago between the buyer and seller.

Another important thing to remember is that the banks have stockholders and they can't give away tens of thousands of dollars just because you got the seller to agree to sell the house at a rock bottom bargain basement price.

If you want to go for a short sale, don't count on that house until everything is signed and you have that third party approval. Better yet, call Lise Howe at 240-401-5577 and she will find you a great house that will close on your schedule!

Kenwood Forest - A Great Place to Call Home

Courtyard in Kenwood Forest IIIf you are looking for perfect place in Chevy Chase, Maryland to call home, just a few blocks to the Metro and steps from the Crescent Trail, Kenwood Forest is definately the place for you. Kenwood Forest is a great place to live and it enjoys wonderful schools, like Somerset Elementary, Westland Middle School, and Bethesda-Chevy Chase High School. It is just a few steps to the local public swimming pool at Little Falls, a block from the Norwood Park with tennis courts and baseball fields, and is surrounded by some of the best restaurants in the DC metro area.

Kenwood Forest offers homes from studio condos of 525 square feet to one bedroom condos, and townhouses with 2 bedrooms, 3, or 4 on 2 or 3 levels. Whatever your real estate needs, you will find the perfect choice in this pet friendly community of all ages and lifestyles, nestled in the talls trees of Chevy Chase.

Call Lise Howe and her team at 240-401-5577 for all your real estate questions and needs to find your new home. Want to start your search now? Check out www.kenwood-forest.com or www.homesinchevychasebethesda.com for all your real estate searches!

Bethesda Chevy Chase High School News Flash

Cheinclude a visit to the National Press Club broadcast center and admission to the club's prestigious book fair. Up to 20 people may sign up for this event.

  • Wine Tasting for 10 in Your Home
    Grape Expectations! Your friends will be angling for an invite to this special event after you cast your winning bid for a complete wine tasting experience in your home. Get the low down on what makes a great vintage. Wine expert and all wines provided on the day of your choice. Salut!
  • Tea with Seth Goldman -- CEO of Honest Tea
    A gift basket of Honest Teas and goodies, and tea time with Seth Goldman, Honest Tea CEO.
  • Tour of Politico for 15 to 20 B-CC Students
    An hour-long tour of one of the country's most popular and fast growing online political news publications. 15 to 20 B-CC HS students interested in politics, journalism or both will meet with top POLITICO reporters and editors to hear about their work and ask questions about how the political news is covered and what lies ahead in the 2010 and 2012 elections.
  • Lunch for Two with Congressman Chris Van Hollen
    Here's a true Washington "experience." Lunch for two with Representative Chris Van Hollen in the Members' Private Dining Room on Capitol Hill, surrounded by the history and pomp of the US Capitol. It's your chance to discuss matters that are important to you, B-CC High School and/or our Congressional district. (Because of ethics rules, lunch guests must pay for their own lunch, Congressman Van Hollen will pay for his lunch.)
  • Lunch with State Senator Brian Frosh
  • Napa Valley Tours of Three Fabulous Wineries for Two
  • 36-hour MD Driver Education Course from I Drive Smart
  • Kaplan Test Prep Course and Admissions counseling
  • Gourmet Dinner Party for Six by Personal Chef Tom Hirsch
  • Full-Day Voiceover Workshop
  • Investment Analysis by Steven Goldberg
  • Haircut from Aveda Salon and Spa - Bethesda
  • Two Six-Month Subscriptions to the Six O'clock Scramble
  • Chipotle Burritos for 10
  • Parkway Deli -- $40 Gift Card
  • La Ferme Restaurant --$75 Gift Certificate
  • One Year of Ice Cream from Ben & Jerry's
  • Four Group Horseback Riding Lessons from Reddemeade
  • Original Song for You! - Composed by Meg Baker
  • Mah Jong Lessons for Eight
  • Four Music Lessons - Guitar, Drum, Bass or Keyboards - from New Generation
  • Three-Hour Consultation with Residential Architect
  • Three Health/Wellness Coaching Sessions from a Professional
  • Tickets for Two for a Flying Trapeze Class at the Trapeze School
  • Three-Night Stay at a Wintergreen Condo with Recreation Passes
  • Weekend at Deep Creek Lake
  • Bethany Beach Condo Weekend
  • Week's Stay at a Luxury Retreat Cabin in West Virginia
  • Two Tickets to the "Little Shop of Horrors" at Ford's Theater
  • Round House Theater - Four Tickets to "Look Out Below"
  • Redskins/Giants - Four Club-Level Tickets for December 21 PLUS admission to the ESPN 360 Tailgate Party (including food and drink)
  • Wizards Tickets
  • Capitals Tickets
  • The Washington Kastles Tennis Team - Two Seats to Opening Night 2010

The menu sounds absolutely delicious! Appetizers worth getting your appetite worked up for - an Antipasto Platter, Black Pepper Shrimp, Hot Artichoke/Spinach dip, Hoisin Meatballs, BBQ Chicken Quesadilla wedges, and Sausage in Puff Pastry Fried ravioli w/marinara! Dinner is Caesar salad or Greek pasta salad, Cheese tortellini with pesto walnut sauce, Cajun Roast Chicken Breast w/mixed veggies over rice, and Pulled Pork Barbeque Sliders with slaw! Be sure to save room for desert - Bananas Foster Bread Pudding, mini deserts, and browies and cookies. I am hungry just writing about the menu!

B-CC is a fabulous school, deserving of your support, so if you are anywhere near the corner of Battery and Old Georgetown Rd on Friday the 13th at 6;30, you won't need to worry about any bad luck!

If you are looking for a home in this exceptional school district, then you should give Lise Howe and her team a call. Lise has been a realtor in the DC metro area for more than 20 years and has called Bethesda home for many more years than that. Homes in the B-CC school district start in the low 200s for a condo near the school on East - West highway and go up from there. Mid sized homes, such as townhouses in Kenwood Forest, are a great alternative to condos. Kenwood Forest has been a popular community since its development in the late 1970s. Townhouses in Kenwood Forest are two to four bedrooms on two or three levels and range in price from the mid 400s to the high 600s or low 700s, depending on the size and condition. Homes in Kenwood, a beautiful community along River Road and Little Falls, are surrounded by lovely cherry trees which burst into bloom each spring to the delight of residents and visitors alike.

Our Function is Analysis

Our Function as Realtors is to Provide Information for Our Clients' Analysis

Analysis Is the Key to Making Good Decisions

Analysis Is the Key to Making Good Decisions
General George Custer

I just read a very useful blog by Bill Marriott, CEO of Marriott Hotels et al about analysis as the key to making good decisions. He referenced General George Custer, famous for being annihilated in Custer's Last Stand at the Battle of Little Bighorn before the turn of the 19th century. He described Custer as a somewhat impetuous, but brilliant, officer, who became Brigadier General in the United States Army and was an important contributor to the Union victory at the Battle of Gettysburg by the age of 23.

As Bill Marriott noted Custer was always anxious to charge forward and get the job done. At the Battle of LIttle Big Horn, Custer should have stopped and assessed the situation and waited for the rest of his army to catch up. Instead, he rushed into battle and he and his troops were massacred.

It's so very important to get things done but it's also important to understand the field of play. In business, information is extremely important, and so is analysis. Our clients can find the houses that they want to see on the internet sometimes more quickly than we can since the only thing they are doing is looking for a house in a particular neighborhood. At times we seem reduced to the function of key carrier and door opener.

That is such a mistake. We need to demonstrate our value to our clients from the very beginning. When we first meet a client, it is helpful to bring some statistics and analysis of the DC neighborhoods they are interested in. Put together a comparative market analysis on the neighborhood in Bethesda or Chevy Chase, Maryland. Demonstrate your knowledge to them. Bring them information about schools or commuting patterns. Demonstrate to them how you intend to save them money or beat out the competition if there are multiple offers. Show them how you will help them analyze their purchase. Make them realize how valuable you are. Cement their loyalty to you.

If you have any questions about how to put together a winning offer to purchase, please call Lise Howe at 240-401-5577. She has been a realtor, associate broker, and attorney for over 20 years in the DC metro area.