Coakley Realty’s Post

If you are considering renting out your property, finding a dependable tenant is a crucial step. We have compiled five essential factors to consider when looking for a tenant: 1️⃣ Good Credit History: A strong credit history is key. Our property managers conduct thorough background checks to evaluate payment history, debt, and financial suitability. 2️⃣ Strong References: We diligently check references to assess personality, responsibility, and trustworthiness. 3️⃣ Previous Residence: Contacting the previous landlord provides insights into the applicant's length of residency, property upkeep, rent payment history, and more. 4️⃣ Ability to Pay: Ensure the applicant has a steady income that covers rent and utilities, with a history of on-time bill payments. 5️⃣ Relatives and Friends: While not a strict rule, renting to strangers often simplifies rule-setting and enforcement compared to renting to relatives or friends. #PropertyManagement #TenantSelection #RealEstate #RealtorTips

Did you know that if you feel you have received an inaccurate property tax assessment there could be an opportunity to appeal it? Property owners in Maryland receive a property tax assessment every three years and once a year in Virginia and Washington, DC. There are specific deadlines you need to meet if you want to appeal, and the appeal process is complex. To get the most out of pursuing an appeal it is best to gain an education about this process. If you are looking to understand your real estate tax assessment and if an appeal would be in your best interest, our experienced real estate professionals on our team can review your real estate tax assessment and provide knowledgeable recommendations based on your situation as to whether or not a real estate tax appeal would be the right choice for you. Contact Coakley Realty at 301-340-8700 x 1101 for a free consultation to help you determine if an appeal is in your best interest. #TaxAppeals #PropertyTaxes #RealEstate #MoCoRealEstate #DMVRealEstate

✔ Be Prepared. Do not let showings catch you off guard. Create a prep checklist and establish a one or two-hour buffer zone for all tours. ✔ Box it Up. Manage some of the chaos by creating attractive, easy storage for the must-have items. Look for large bins or storage benches that can double as décor or furniture. ✔ Have an escape plan. Identify a number of places and activities where you and the kids can go to pass the time during a tour. To start the selling process today, contact us at 301-340-8700 x 1101. #sellerstip #sellingahome #realestatetips #realestate

Celebrating Coakley Realty's 35th Anniversary! Let’s look back at key milestones and events between 2015 and 2016. 🔵 The Paris Agreement on climate change is adopted, aiming to limit global temperature rise. 🔵 Brexit referendum results in the United Kingdom voting to leave the European Union. 🔵 Donald Trump elected as the 45th President of the United States. 🔵 NASA's New Horizons spacecraft completes a historic flyby of Pluto. 🔵 "Hamilton" debuts on Broadway, revolutionizing musical theater. 🔵 The film "Star Wars: The Force Awakens" reignites the Star Wars franchise under Disney's ownership and Leonardo DiCaprio wins his first Oscar for Best Actor for "The Revenant." 🔵 Pokémon GO has become a worldwide phenomenon, blending augmented reality with gaming. 🔵 Chicago Cubs win the World Series, ending a 108-year championship drought. 🔵 Coakley Realty was named to the Inc. 500/5000 for the second year in a row. 🔵 Coakley Realty expands its team of experts, with two new agents, which is an all-time high of thirty-four agents. 🔵 Coakley Realty launches a new resource-rich and enhanced user-friendly website. 🔵 Coakley Realty supports a surge in commercial activity throughout the DMV, including the sale of the iconic Town Hall in College Park, Maryland. #CoakleyRealty35 #Anniversary #RealEstate

🛠 Fix leaks: Households can waste 200 gallons of water daily — enough to make a significant difference on a water bill so check all bathroom and kitchen piping. 🛠 Replace air conditioner filters: The Department of Energy recommends doing this every month or two during the cooling season, and even more frequently if you have furry indoor pets. 🛠 Tackle an easy upgrade: Update hardware on kitchen cabinets or install new curtains are easy ways to update your indoor look. 🛠 Tidy up the garden: Cut back spent flowers and vegetable plants that no longer produce or look tired. #Augusthomemaintenancetips #Easyhomeimprovements

We know that come September 18th; it is likely we will hear that the Federal Reserve will be cutting interest rates. At this point, though we do not know if that would go into effect immediately or sometime before the end of 2024 nor do we know if it will be one cut or if we should really expect multiple cuts by the end of the year. What we do know is that depending on how the economy fares heading into September will determine how quickly the Fed acts. Here is a breakdown of the factors influencing this: 📊Easing Inflation: Inflation rates have shown signs of moderation compared to earlier highs in 2024. This reduces pressure on the Fed to raise rates further. 📊Economic Slowdown: Some economic indicators suggest a potential slowdown, which could prompt the Fed to lower rates to stimulate the economy. 📊Market Expectations: Financial markets are currently anticipating multiple rate cuts by the Fed later in 2024. If the Fed signals a more aggressive stance on cutting rates, we could see a surge in market optimism, leading to increased investments and consumer spending. Potential interest rate cuts could be a boom for sellers. Lower mortgage rates often lead to increased buyer demand, which can drive up competition and home prices. If you are considering selling, now might be a great time to partner with a local real estate agent to explore your options. #RealEstateTips #HomeSelling #HousingMarket #SellersMarket

Experience Glenora Hills, a suburban neighborhood in the western district of Rockville, Maryland. This area features medium to large single-family homes with three to five bedrooms and a median home sale price of $928,500. With most homes built between 1970 and 1999, Glenora Hills features a variety of architectural styles that reflect its development period and suburban charm featuring mostly Cape Cod and Split-Level style homes. From some of the region's most recognized schools, including Wootton High School and numerous private preparatory schools, Glenora Hills offers top education options as well as outdoor spaces, such as Glenora Park, making it an ideal place to call home for active families. While most residents use privately owned vehicles, efficient metro and bus services make commuting easy. Glenora Hills also offers residents direct access to the greater Montgomery County and DMV region through its proximity to all major highways such as I-270, I-495, and MD-355, making it a top neighborhood to consider for those who want a suburban feel, but still want option to get out to the greater region easily. #GlenoraHillsMD #RockvilleMD #Neighborhoodguide #Livehere

We are humbled and have tremendous gratitude for all the opportunities we have had over the past 35 years to serve our clients, partners, and the community. We feel strongly that we can attribute this milestone to the fact that we have stayed committed to being a full-service realtor who handles every aspect of a property sale. Beyond our ability to manage and drive the whole selling process for you, which includes listing, marketing, open houses, expert advice, and negotiation, our local expertise is unrivaled. Our agents uphold the same quality and dedication the Coakley family has been known for since 1989. As committed community partners, we offer excellent customer service, dependable guidance, professionalism, and integrity. Whether you are buying, selling or need property management or tax appeal assistance, we provide our full-service approach in every instance. View our video to learn more about Coakley Realty and how we address all your real estate needs.   #CoakleyRealty #MoCoRealEstate #DMVRealEstate #FullService #RealEstateAgents #RealEstateFirm #RealEstateMarket

If you are selling your home and want to sell your house fast, you need to know how to stage your kitchen and bathroom well. These rooms are the most important spaces that can instantly turn buyers off if they are not presented well. Follow these simple tricks to elevate these rooms and stage to sell. 🛠 Declutter and depersonalize: Whether it is the kitchen or bathroom counters, the refrigerator door, or drawers, you want to remove all your personal items from sight and show these spaces in a well-organized manner. Get rid of old floor mats, towels, and curtains. By decluttering these spaces, it will help them look cleaner and more spacious. 🛠 Clean, clean, and keep it clean: Clean your kitchen and bath as you have never cleaned it before - clean walls, floors, cabinet doors, inside of cabinets, the oven, the fridge, the light fixtures, baseboards, the ceiling, wash the garbage can, scrub the toilet well. Use a de-scaler on the shower head, and polish the hardware, you want these rooms to sparkle and shine. Hire a professional if the budget allows – they have the chemicals and tools to do this well and quickly. 🛠 Make sure these rooms smell good: Open windows, run an exhaust fan, and spray an air deodorizer to get rid of food smells. A better option is to dine out a day or two before a big home showing to avoid stubborn cooking odors and stick a batch of cookies in the oven to get delicious smells to warm up the space. Style with candles or nicely wrapped small soups with gentle, fresh aromas. 🛠 Organization and style: Anything that is inside your cabinets needs to be neat and organized. In the kitchen, keep coffee cup handles turned the same way, alphabetize your spices, and line them up in rows. Stack plates neatly and remove any random ones that do not match with a set. Use fresh new ‘show’ towels in white or a very light neutral color in the bathroom and hang a new neutral shower curtain. Considering these small changes can be a game changer in getting your home sold fast. #stagingtips #kitchenstaging #bathroomstaging #stagetosell #fastsellingtips

Mortgage rates have risen slightly over the past week, with the average rate on a 30-year fixed mortgage at 7.02%, a 15-year fixed mortgage at 6.24%, and a jumbo mortgage at 7.08%. The Mortgage Bankers Association (MBA) reported on Wednesday, 8 7 that mortgage applications increased 6.9% over the previous week on a seasonally adjusted basis, reflecting an uptick in interest to lock in slightly lower mortgage rates. All eyes will be on the Federal Reserve meeting on September 18, when it will be announced whether it will finally cut the federal funds rate. Most expect that the Fed will cut its rate. For the time being as rates, week-over-week, continue to fluctuate it is essential for sellers to prioritize offers from pre-approved buyers. To ensure a buyer's financial readiness, insist on pre-approvals based on current interest rates. This helps protect you from potential deal fall-throughs and streamlines the selling process. #Mortgagerateupdate #Morgtageratepredictions #InterestRate #RealEstatetrends