Tuesday, August 21, 2018

Days on Market Drops to New Low

April Brought a New Low to Days on The Market

If you are a seller, the chart inside today’s edition will look quite favorable – if you are a buyer – not! The supply of homes for sale is critically low. Sellers, this is your opportunity to move up, downsize, relocate – whatever you wish to do. It is a great time to order your dream home and have it built to your own specifications. It is not going to get much better than this!

4 Reasons to Sell Now

Many sellers have chosen to get on with their life. The next chapter opened for them in their home of choice. It is a very personal decision, but the time is great. Buyer demand continues, less home inventory (less competition) and prices and interest are predicted to move up. If you are buying up, you can look at higher cost by delaying the purchase of your next home. Seriously, no better time than now!

#1 Reason to List Your House This Summer

There is one undeniable reason to list your home this summer. It is a demand issue. The demand outpaces the available inventory – you as a seller have an opportunity to make money and move on. Homes are needed! Ready to list, call me.

Friday, August 17, 2018

Time for Your First Home?

Wondering If You Can Buy Your First Home?

Not made a decision yet? Perhaps a belief that you must have 20% down? Name any number of reasons for hesitation, but the bottom line is if you do not try, you will not know. More than ever, the phrase “just do it” applies. Talk to a professional and find out if you qualify. If not, find out what you need to do to qualify. You would be receiving the advice of real estate and mortgage professionals who are licensed, trained and do this every day.

I was looking at the chart in today’s report. Single women investing in their own home lead men 18% to 7% of first time buyers. WOW – more than double! Guys – what are you waiting for? The number of unmarried couples buying in is 16% - so ladies, right now you appear to have the lead.

Whatever your situation, if you want to buy a home, call me. Let’s talk about it.

You DO NOT Need 20% Down to Buy

About half of Americans are said to believe you need 20% down to buy a home. YOU DO NOT! Over 60% think you need an excellent credit score. YOU DO NOT! FHA mortgages closed with an AVERAGE score of 676. Wait until you read the next section on how much (I mean how little) money was put down.

Put Down Less Than 6%!

In March 2018, 71% of first time buyers put down less than 20%. 61% put down less than 6%. Seriously folks, you do not need 20% down to get in your own home. Ready now?