Rumor has it that Harry and Meghan Merkle, the Duke and Duchess of Sussex will be buying a home in either in London or Los Angeles. What can those of us in Washington DC and Northern Virginia real estate learn from the royals house hunting rumors?
What Buyers Really Want in a Home
Space to entertain! Rumor has it that Harry and Meghan are looking for a home that has a large indoor and outdoor space to entertain their friends. In Northern Virginia and Washington DC space comes at a premium. The areas of the house that people focus on most are the kitchen and the entertainment space. If you are selling your home, the best return on investment for renovations are in your kitchen or new additions!
Location, Location, Location!
People have spotted Harry and Meghan looking for homes in Malibu with a short commute to the beach or views of the ocean. We may not have those available to us in the Washington DC area, however location matters. Whether your home is located in a good school district or a short commute to Washington DC or Tyson's Corner, two major employment centers in the area, consider that one of your greatest assets.
Planning Your Budget and Being Strategic
Harry has been waiting to buy a property with his inheritance. Both know what they are willing to spend and are trying to get the most for their budget. Even in a seller's market like in Northern Virginia, Washington DC or LA, you can still try to be strategic about where and how you invest your money in real estate. They won't be compromising on the new home and neither should you!
Without a doubt, one of the greatest assets that Harry and Megan have is access to trusted real estate professionals. When you have the right real estate team and title and escrow company, that means your house hunting experience goes all the more smoothly.
Ask us how we can help your next real estate transaction go off without a hitch.
At Allied Title & Escrow, our team of industry experts and attorneys have over 25 years of experience in title, settlements and real estate transactions. Headquartered in Arlington, VA, we provide residential and commercial services throughout all counties of Northern Virginia, Washington DC and Maryland. We strive to provide the highest level of service and will handle all aspects of the title and settlement process.