• Beltsville News

Profitable home sales for local retirees moving to Riderwood

Updated: Jul 28


Silver Spring, Md. – According to The National Association of Realtors, existing home sales in the U.S. have risen by almost 20%. On May 12th, WTOP news reported that, “D.C. metro area homes continue to sell at the fastest pace on record, with the number of pending sales up 74% from last year.”

As a result, George Mishraky, sales director at Riderwood, an Erickson Senior Living developed and managed community in Silver Spring, Md, is meeting daily with people eager to sell their homes and move to the sought-after Erickson Senior Living community in Silver Spring.

“After a year of uncertainty, everything is coming together to make this spring and summer the optimal, and financially sound time to move to Riderwood,” he says.

In an effort to help prospective residents maximize their current house investment with the peace of mind that comes with moving to an Erickson Senior Living community, Riderwood personal moving consultant Diane Thometz, and her team of highly respected, vetted preferred vendors, work directly with new residents to sell their home, downsize, pack, and move.

This past winter, Linda Yee, experienced, first-hand, the numerous benefits of the current seller’s market coupled with Diane’s personalized approach.

“I’m old school, I believed that the winter was a bad time to sell a house,” she says. “Boy, was I wrong. Diane suggested I work with Rob Foy, [with ReMax Advantage], to help sell my home. He is amazing. Not only does Rob have a lot of experience, but he also knows the Silver Spring area very well. As a result, my house sold quickly, in less than five days.”

According to Rob, Linda’s experience is now the norm thanks to a precedent-setting, strong seller’s market.

“The real estate market is on fire in the DC metro area,” says Rob. “I have not seen inventory this low in the 29 years I’ve been in the business. A stable market is noted when we have a 6-month supply of available homes. In some markets, in and around the Capitol Beltway, there is currently only a 1-month supply. As a result, the seller is really in the driver seat when it comes to negotiating. Many homes are selling in less than a week, above asking price with some selling without appraisal or home inspection contingencies.”

Excited to move as quickly as possible to her new Riderwood home, Linda experienced, first-hand, the many benefits of this hot seller’s market.

“Rob listed my house on a Friday and by that afternoon we already had several appointments scheduled,” she says. “Over the next few days there was a lot of interest and competition. I received more than 12 offers, all above the asking price. By Tuesday, I’d accepted an offer.”

On January 22, 2021, Linda officially became a member of the Riderwood community.

“I absolutely love it here,” she says. “There is such a strong sense of community, fostered by both the residents and staff. As neighbors, we all look out for each other, everyone is very friendly. I believe a lot of people are taking advantage of the market and moving in. All of the newcomer meetings are filling up with people excited about their new lives.”

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