Why Houses DO NOT Sell in a Strong Market

by | Dec 18, 2018 | Buyers, Home Search, Move-up Buyers, Pricing, Sellers, Selling Your Home

Below are the 5 most common reasons why a listing contract will expire:

1. The Price
Sometimes when the market is hot, homeowners attempt to set their listing price higher. Their hope is that a motivated buyer will be willing to pay any price for a house in their desired neighborhood! Sellers must remember, though, that in today’s market a house must be sold twice; first to the buyer and then to their bank.

A buyer can agree to pay the homeowner’s asking price, but after the bank conducts their appraisal, the price might need to be adjusted. The bank will only give the buyer a mortgage for the value of determined in the appraisal.

Sellers must also keep in mind that today’s home buyers are  Learn more…

4 Reasons to Buy A Home This Winter!

by | Dec 3, 2018 | Buyers, First Time Home Buyers, Move-up Buyers, Rent vs Buy

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense. Learn more

Females Are Making It a Priority to Invest in Real Estate!

by | Nov 21, 2018 | Buyers, First Time Home Buyers, Home Search, Housing Market Updates, Millennials, Move-up Buyers

Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it!

In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In 2017, 60% of millennial women listed as the primary borrowers on mortgages were single.

According to the 2018 Home Buyer and Seller Generational Trends Report by the National Association of Realtors, one in five homebuyers in the U.S. were single females (most of them part of the baby boomer generation) as you can see in the graph below:  Learn more…

Are Homeowners Renovating to Sell or to Stay?

by | Nov 17, 2018 | Move-up Buyers, Sellers, Selling Myths

Over the past few years, two trends have emerged in the housing market:

1. Home renovations have shot up
2. Inventory of homes available for sale on the market has dropped

A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales Report from the National Association of Realtors, we are currently at a 4.4-month supply.  Learn more…