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Thursday, March 1, 2018

Housing Market Says Sell Now

Housing Inventory Crunch Continues… List Today!

Demand is very strong right now. For months, we have been reporting a shortage of homes available for purchase. New homes – resale homes – does not matter, demand surpasses supply! It is definitely a sellers’ market – with the exception of luxury high-end homes where the supply – demand favors the buyers right now.

If you own a starter home and are thinking of moving up to your next home, now is your time! The biggest out of balance is a shortage of starter homes. You may never have a better opportunity to move up or move on. Have a look at the more detailed report for further information on the housing shortage by category. Time to list!

A Reason to Sell Now Before Spring

That inventory supply traditionally changes as we move into spring. March and April will see a shift to more resale homes available. That means more competition for those wanting to sell and move on. Why wait until the competition heats up. Jump in the market now and beat the rush!


Over 700,000 Homes Regained Equity in the Past 12 Months!

Have you gotten a professional opinion on your homes present value? Many folks are surprised to find that their home has gained equity and could provide a good stepping-stone to a new larger or upscale home. Check the report to get an idea of just how many homeowners are in positive equity. If you need help, please call me.


Mortgage Rates are on FIRE! What about Home Prices?

I suppose most of us would assume that as mortgage rates climb, housing would fall. Sounds logical doesn’t it. The experts are predicting somewhere around a 1% rate increase by the end of the year. If you have been rate watching the last few weeks, you have seen a small but steady increase. So where is the market going?

There is good news from the folks who crunch all the numbers and compare statistics over the years. They have analyzed the impact of rate movement and I am just going with a quote here to get it exactly right....

“Mortgage rates have risen 1% or more ten times in the last 43 years, with little impact on home sales and prices when the economy was also strong…Historically, rising confidence, solid job growth, and higher wages have more than offset reduced demand for housing resulting from higher mortgage rates.”

That surprised me – pleasantly! The take-away is we are still short on available inventory and we can expect buyers to be out in force. Ready to list now?

Get the Most Money from The Sale of Your Home

Who does not want to get the most money possible from the sale of your home? I have not met that person yet. The best way to do that is work with a trained professional and listen to their advice and console.

Statistically going it alone (FSBO – For Sale By Owner) returns less than the seller would get by working with a REALTOR. Pricing it right is important to get noticed, but price too low and lose money.

Then consider the psychology of the transaction – the FSBO buyer KNOWS you are avoiding professional fees by going it on your own and that buyer will expect you to SHARE that money. So what happens, you do all the work, you take on the risks and the buyer wants at least half. Something like 80-90% of those trying FSBO eventually, go to a REALTOR – so why not get the jump on it and let a professional handle the details. There is more detail on this – just check the link above to view the report.

NAR Data Suggests Now Is a Great Time to Sell!

NAR (National Association of REALTORS) monitors real estate transactions across the nation. Their analysis suggest LIST NOW – for many of the reasons we have already shared. This is one report you do not want to miss. Click on the link about and check it out.


Buying or Selling? Here are 5 Reasons to Hire a Pro

We always recommend using a professional for your real estate transactions – both sides, buying or selling! If you are a regular follower, you know I am preaching what I have already done. I always worked with a professional before becoming a trained and licensed agent. I have tired somethings as DIY – plumbing was one of them. Yeap! I TRIED all right and then I turned off the water so the house would not flood – and I called a plumber!

Some years ago, Florida REALTORS organized and prepared a list of all the things agents do for you. The list was about 200 items! There is many things happening in a transaction and our goal is to make them happen as smoothly as possible for you.


The Sky is not Falling - Neither is Real Estate Falling Apart

There are bulls and bears in the stock market. There are the same in real estate. Some have gone as far as to suggest another bubble. Nevertheless, the vast majority who analyze the numbers say it is not so. I am not one of those experts, but from what I see day-to-day, it is not happening. Rules are in place for a stronger mortgage system and prices are not rising as they did when it all blew.

I think we will continue to see reasonable appreciation and increased mortgage rates. I see a healthy market. And, after reading all this, I hope you agree, now is a great time to list your home and find a new one that is right for you.