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buying a home

2023 Real Estate Market Outlook (And What It Means for You)

Last year, one factor drove the real estate market more than any other: rising mortgage rates.  In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately...

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Buy Now or Rent Longer? 5 Questions to Answer Before Purchasing Your First Home

Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership.   A real estate boom during the pandemic pushed home prices to an all-time high.1 Add higher mortgage rates to the mix, and some would-be buyers are wondering if they should wait to see if prices or rates come down. But is renting a better alternative? Rents have also soared...

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THE FALL MARKET IS JUST AROUND THE CORNER – 3 Things to prepare for success

FENCE SITTERS - GET READY TO TAKE ACTION! The launch of the fall market, or last push to buy a home or sell your home in 2022, is just around the corner.  Historically, starting  after the Labor Day weekend, we see new listings trickle onto the MLS and build through September and start slowing after Thanksgiving....

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THE REAL ESTATE MARKET IS SHIFTING: DOES THIS BENEFIT BUYERS OR SELLERS?

In the short term, the answer is both! However, sellers, who have been in the power seat for many years will need to quickly adjust their expectations and settle on the new reality of a balance of power.   As the market shifts and becomes less of a sellers market and moves towards a balanced market buyers and sellers need to get up to speed and understand the new terms and rules....

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3 Solid Reasons to buy a home

3 SOLID REASONS TO BUY A HOME THIS SUMMER

Why would anyone want to spend their summer looking for a new house? Here are 3 solid reasons why it makes sense to find your perfect home THIS summer. There are many different types of buyers and buyers in many stages of the home searching and buying process. Maybe you searched for most of 2021 and into 2022 and either couldn’t find your perfect home or got outbid by the competition? Maybe you have been passively searching online and waiting for the right time? Are you just starting the process? Whatever...

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7 Costly Mistakes Home Sellers Make (And How to Avoid Them)

No matter what’s going on in the housing market, the process of selling a home can be challenging. Some sellers have a hard time saying goodbye to a treasured family residence. Others want to skip ahead to the fun of decorating and settling into a new place. Almost all sellers want to make the most money possible.  Whatever your circumstances, the road to the closing table can be riddled with obstacles — from issues with showings and negotiations to inspection surprises. But many of these complications are avoidable when you have...

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SOLD: IT’S THE GOAL BUT NOT THE GLORY

  Realtors are not sales people! There I said it. Contrary to public opinion, reputation and all the negative attention that gets dumped on us we don't "sell" property. We manage and build relationships, guide clients through complicated and emotional transactions and creative problem solve. Realtors wear many hats but have one focus - our clients. What is best for them, how we can help them, how we can make their real estate dreams come true and hopefully with joy and the least amount of stress. Some clients don't make it easy My...

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Higher Rates and Short Supply: The State of Real Estate in 2022

The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1 But while some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability. So what’s driving this persistent demand? And is there an end in sight? Here are three factors impacting the...

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5 Ways to Write a Winning Offer in Today’s Real Estate Market

Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added fuel to the fire.1 Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market. Yes, a high offer...

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8 Popular Home Design Features for 2022

8 Popular Home Design Features for 2022 There’s a lot to consider when selling your home, from the market and appraisals to where you’ll go next. Don’t forget, however, that design is also a key factor. It’s often one of the first things buyers notice when they walk into a home, and it’s also a detail that you, as a seller, can easily control. According to Realtor.com’s 2022 housing market forecast, home for-sale inventory will increase from last year, as will the projected number of overall sales.1 This means, if you’re looking...

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