The Washington Post - 16.11.2019

15

EZ

the washington post

.

saturday, november 16, 2019

able to buyers as a result of the new

policies on off-mLS listings.

“I think buyers will see less in-

ventory with NAr’s policy, because

it allows for office exclusives, which

agents can market to other agents

in their brokerage,” faudman says.

“They can’t market those outside

their brokerage unless they talk to

one person at a time.”

But Adasi says buyers have the

potential to see more inventory.

“There’s no real downside for

buyers in this policy,” h e says.

In h is view, s ellers will be affect-

ed more by the Bright policy be-

cause they won’t be able to show

their property to potential buyers

or market i t while they are getting

ready to list it.

As mLS policies around “com-

ing soon” s tatus and private office

listings evolve, one major benefit

for the housing market is the in-

creased accuracy of data, richard-

son s ays.

“Sellers need to know how to

price their homes and buyers need

to know how much to offer,” rich-

ardson says. “A ccurate data that

reflects all homes on the market

and all recent sales, as well as the

number of days it took to sell a

home... can impact the ability of

agents and consumers to make

informed decisions.”

[email protected]

their listing to limit showings if
the s ellers prefer.
richardson says NVAr sup-
ports the Bright mLS and NAr
policies that require listings to be
placed in the mLS within one
business day of marketing.
However, the Greater Capital
Area Association of realtors
(GCAAr), which represents the
District and montgomery County,
md., says that about three-quar-
ters of members who responded
to a recent survey were opposed t o
the p olicy.
“real estate agents need to pro-
vide value to their sellers and one
way they can do that is to pre-mar-
ket the property while it’s being
fixed up and staged,” says Koki
Adasi, GCAAr president and a
senior vice president with Com-
pass in the District. “Pre-market-
ing includes exposing the proper-
ty on social media, to personal
networks and to other agents
through the To p Agent Network.
This policy changes the value
proposition of agents because it
says the property must be on the
mLS w ithin one business d ay.”

Impact on inventory

Agents are divided on whether
more or less inventory will be avail-

listings from t10

BY MICHELE LERNER

If you want to buy a $400,000

property w ithin walking distance

of a metro station and shops,

your options may be limited in

the Washington area.

The median sales price in the

region was $431,000 in Septem-

ber, according to Bright mLS,

and the figure includes condos,

townhouses and single-family

houses.

Buyers willing to make a few

compromises may still be able to

purchase a place that meets their

top priorities. for example, the

single-family house at 1 14

Charles St. in rockville, priced at

$399,900, is less than one mile

from rockville To wn Square,

which has a library, shops, res-

taurants and an ice-skating rink

that becomes an outdoor concert

venue in the summer.

Near the To wn Square is a

metro station that also has

mArC train and Amtrak servic-

es.

Annual property taxes for the

house are $4,513.

In addition to the convenient

location, the house offers a large

deck, a fenced backyard and a

storage shed. The front porch

provides nice curb appeal, too.

There’s no garage, but a driveway

has space for four or five cars.

Buyers may need to compro-

mise on their expectations for the

interior of the residence, w hich is

small for a single-family house,

with 1,168 square feet.

Built in 1943, the house has

three bedrooms and one bath-

room. most of the house is car-

peted, and there is hardwood

flooring underneath the carpet

on the main level, which has an

open living and dining room next

to the kitchen. The kitchen has

gas appliances and has been

updated with granite counters

and a breakfast room with slid-

ing-glass doors to the large deck.

The first floor also has a mas-

ter bedroom and the house’s only

bathroom, which has been up-

dated. Two more bedrooms are

on the upper level.

The house has central air condi-

tioning, gas heat and a washer and

dryer on the main level. Assigned

schools include maryvale Elemen-

tary, Earle B. Wood middle and

rockville High. The high school is

rated below-average, the middle

school is rated above-average and

the elementary school is rated

average by GreatSchools.org

based on test scores.

for more information, contact

real estate agent Charles Gilroy

with redfin at 301- 685 -0296.

townsquare

Three-bedroom house lists for $ 399,900 in Rockville

cover story

JOIN US TODAY

FROM NOON-5PM

Condominium

The

GRAND

OPENING

202.846.8023

LIVEATLEXICON.COM

*Disclaimer: Offer subject to change without notice and available on non-

brokered contracts. Confirm all details with the sales manager.

Here size matters — Find the

perfect place for your new city-

centric lifestyle, featuring spacious

floorplans, private outdoor spaces,

and state-of-the-art amenities

with easy access to anywhere you

want to go.

Sales Gallery: 50 Florida Ave NE, WDC 20002

forward.

relentless.

progress.

Homes from the $400,000’s

UPLOADED BY "What's News" vk.com/wsnws TELEGRAM: t.me/whatsnws