Tuesday, October 6, 2020 / by Mikaela Clark
Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if you’ve lived in your home for a while, so making a move while demand for your current house is high could be your best step forward toward the retirement goals you set out to achieve several years ago.
The dilemma, though, is where to go next. A big concern for many homeowners who are ready to sell is finding a home to move into, given today’s lack of houses available for sale. There is, however, some good news: the number of single-family 1-story homes being built today is on the rise, improving your odds of finding the right home for your changing needs. In a recent article, The National Association of Home Builders (NAHB) explains: ...
Monday, October 5, 2020 / by Mikaela Clark
In today’s real estate market, setting the right price for your house is one of the most valuable things you can do.
According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale, Chief Economist at realtor.com, notes:
“Looking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices–which are now growing at the highest pace since January 2018–makes sense.”
When it comes to pricing your home, the goal is to increase visibility and drive more buyers your way. Instead of trying to win the negotiation with one buyer, you should price your house so that demand is maximized&nbs ...
Wednesday, September 30, 2020 / by Mikaela Clark
If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one.
1. Buyers Are Actively in the Market
ShowingTime, a leading real estate showing software and market stat service provider, just reported that buyer traffic jumped 60.7% compared to this time last year. That’s a huge increase.
It’s clear that buyers are ready, willing, and able to purchase – and they’re in the market right now. In many regions of the country, multiple buyers are entering bidding wars to compete for the home they want. Take advantage of the buyer activity currently in the market so you can sell your house in the most favorable terms.
2. There Are Not Enough Homes for Sale
In the latest Existing Home Sales Report, the National Association of Realtors (NAR) announced that there were only 1.49 million units available for sale.. ...
Thursday, September 3, 2020 / by Mikaela Clark
5 Mistakes to Avoid When Buying Your First Home
Whether you’re a young couple looking to start a family or a life-long apartment dweller, buying your first home can be a scary experience. To make sure you get it right, read about these 5 home-buying mistakes you should avoid.
Most of us look forward to buying our first home and the sense of accomplishment that comes with it. But when you start learning about the process, you suddenly realize how many ways it can go wrong… far too many for comfort.
If you’re thinking about buying your first home, here are some of the key mistakes to avoid.
Home Buying Mistakes to Avoid
Courtesy of our real estate experts as well as people who have made these mistakes before, here are some common home buying mistakes to avoid:
1 – Underestimating All The Costs Involved
Most people have a home-buying budget in mind. They calculate how much of a down payment they’ll need and as soon as their savings account reaches tha. ...
Wednesday, July 29, 2020 / by Mikaela Clark
Get More Money When You Sell: Home Staging Tips that Will Make Your Home More Profitable1. Reduce Any Clutter: Whether it’s been a few years or 30 years of memories it’s easy to get comfortable and not put away the various items we use for daily use. Storing the small kitchen appliances behind closed cabinets, disposing of unread magazines, and other clutter can instantly make a home feel much more clean and open to future possibilities.2. Neutral = Appealing to Home Buyers: A home that has been staged makes it easier for families to envision their own family making memories in the space. Review the various rooms in your home and conquer easy projects that are a little investment, but have the potential to make a difference. This home has totally had your style, but most likely the new homeowners will have their own preferences. For example, the red wall in your living room aligned with your tastes, but a neutral color gives potential home buyers a blank canvas. 3. Scrub & ...