The Real Estate Market: What You Need to Know to Make Informed Decision

FYI: The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s […] http://dlvr.it/RklCq2

ICYMI: Some Highlights * In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. * With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for your house. * If you’re ready to move, let’s connect to determine your best next steps in this sellers’ market. http://dlvr.it/RkkPmV

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FYI: The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the […] http://dlvr.it/RkhP5B

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ICYMI: The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s […] http://dlvr.it/RkgM0N

Some Highlights * In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. * With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for your house. * If you’re ready to move, let’s connect to determine your best next steps in this sellers’ market. http://dlvr.it/RkdlgV

Thinking about moving but wondering what your current home is worth? Click the link to find your Home’s Value, Free! Want to know how much your Home is Worth? Find out now! http://dlvr.it/Rkbtq9

ICYMI: The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the […] http://dlvr.it/Rkbfby

The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s […] http://dlvr.it/RkZ3sc

The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the […] http://dlvr.it/RkVKSC

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Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable […] http://dlvr.it/RkRLwB

Banks are concerned about making loans that will be repaid not about making loans that are tax deductible for homeowners.   It is good business for the bank but how is the homeowner supposed to know? Most homeowners and potential homeowners are aware there are tax benefits associated with ownership.   For instance, mortgage interest and property taxes have been deductible expenses from federal income tax since it was enacted in 1913.   The current law provides that homeowners can deduct the interest on Acquisition Debt which is the amount of debt incurred to buy, build or improve a first or second home up to $750,000.   The amount of acquisition debt decreases as payments are made and it cannot be increased unless the additional funds borrowed are used for capital improvements. It is not uncommon for a homeowner to refinance their home for any number of reasons.   It could be to get a lower interest rate that would lower the payments or remove mortgage insurance.   However, when

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How to Simplify the Home-Buying Process for First-Time Buyers : Many first-time buyers have unrealistic expectations about the buying process that's why it's important to take steps to simplify the process.

Tips for Managing Water Heater Installation : Whether your old one is breaking down or you just built a new house, you can use these tips to manage the installation process.

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Existing-Home Sales Soar 9.4% to 6.5 Million in September : Each of the four major regions witnessed month-over-month and year-over-year growth, with the Northeast seeing the highest climbs from both the prior month and prior year.

The concern today when putting your home on the market should not be whether you'll get a contract; it's whether you are going to recognize the majority your net proceeds without any unnecessary delays. What you realize from the sale of your home has to do with maximizing the sales price while minimizing the sales expenses.   Interestingly, the buyers will be trying to minimize the price they have to pay for your home and possibly, have you pay some of their expenses. Taking a few pictures with a cell phone and putting a sign in the yard may be enough to get a buyer but successfully selling a home in today's market requires expert marketing and expert negotiations.   Marketing begins with the preparation of the property to optimize the first impressions it makes to potential buyers.   A skilled professional can make recommendations that can help the home sell for the most money and in the shortest amount of time.   Cleaning, painting, depersonalizing, removing unneces

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported: “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the […] https://www.simplifyingthemarket.com/en/2020/10/14/the-1-reason-not-to-wait-to-list-your-house-for-sale/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

Just like buyers should be pre-approved before they begin to look at houses, Sellers should have their home pre-approved.   The reasons are similar: appeal to the "right" buyers, discover issues with the home early, improve marketability, increase negotiations position and close quicker. For the seller, there are few things that need to be done before the sign goes in the yard and definitely before prospective buyers see the home.   The first is to understand that once you decide to sell the home that it needs to appeal to the broadest base of buyers and that means depersonalizing your home. Once the home is sold, you will need to pack your things for the new home.   Think of this as starting the process early.   Get moving boxes and make decisions on what you intend to give away or discard in each room and closet.   Identify and pack those items before the home goes on the market. This will be the first wave of making your home more marketable. When your home hits the

One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that 74% of millennials (ages 25-40) say they’re interested […] https://www.simplifyingthemarket.com/en/2020/10/13/do-you-have-enough-money-saved-for-a-down-payment/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale […] https://www.simplifyingthemarket.com/en/2020/10/12/6-reasons-youll-win-by-selling-with-a-real-estate-agent-this-fall/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

How the Age of Your HVAC Impacts Your Home's Resale Value : Even though it's usually not immediately visible, your HVAC system can have an outsized impact on your home's resale value.

Some Highlights * If you’re ready to sell your house but you’re worried about finding one to move into, why not invest in a brand-new home built just for you? * New construction is on the rise, so it’s a great time to think about a custom home to fit your family’s changing needs. * Let’s connect today to discuss how to sell your house while buyer demand is high and find you a new home to call your own while you’re at it. https://www.simplifyingthemarket.com/en/2020/10/09/thinking-of-moving-infographic/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

Every day in the U.S., roughly 10,000 people turn 65. Prior to the health crisis that swept the nation in 2020, most people had to wait until they retired to make a move to the beach, the golf course, or the senior living community they were looking to settle into for their later years in […] https://www.simplifyingthemarket.com/en/2020/10/08/should-you-buy-a-retirement-home-sooner-rather-than-later/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s […] https://www.simplifyingthemarket.com/en/2020/10/07/a-homeowners-net-worth-is-40x-greater-than-a-renters/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

More and more homeowners are employing smart home technology within their homes.  It may start with a video doorbell or lights and progress to other devices.  The smart-home device market is rapidly growing and Forbes research expects it to grow from $55 billion in 2016 to $174 billion in 2025. The popularity of these high-tech features will require a few additional steps to consider when selling a home.  The seller should determine which items will and will not stay with the sale of the home and identify them in the listing agreement. Confusion can arise when a home's marketing mentions its smart-home technology and is unclear if a piece like the hub, which is easily considered personal property but is integral to the working of the system.  Some might consider it an accessory and others a component. A smart home can contain multiple technology devices connected to the Internet that allow them to be controlled or accessed from computers, tablets or most commonly, on mobile a

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 […] https://www.simplifyingthemarket.com/en/2020/10/06/is-it-time-to-move-into-a-single-story-home/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

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 […] https://www.simplifyingthemarket.com/en/2020/10/05/why-pricing-your-house-right-is-essential/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

Thinking about moving but wondering what your current home is worth? Click the link to find your home’s value, free! Want to know how much your home is worth? Find out now! https://bit.ly/3jrZlVN

Some Highlights * According to CoreLogic, homeowners across the country are gaining significant equity. * Over the past year, the average homeowner gained $9,800 in equity, growing their overall net worth. * If you’re ready to sell your house and begin looking for your dream home, let’s connect to plan how your equity can make that possible. https://www.simplifyingthemarket.com/en/2020/10/02/rising-home-equity-can-power-your-next-move-infographic/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for […] https://www.simplifyingthemarket.com/en/2020/10/01/buyers-are-finding-more-space-in-the-luxury-home-market/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger