When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold.
In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. According to the National Association of Realtors’ 2016 Profile of Home Buyers & Sellers, the percentage of buyers who used the internet in their home search increased to 94%.
However, the report also revealed that 96% of buyers who used the internet when searching for homes purchased their
Sunny, large one bedroom, one bath condo, updated kitchen with table space, bright living room & dining area. Building amenities include fitness center, outdoor pool, rooftop lounge and party room. Steps to Giant, Starbucks, shopping, restaurants & Whole Foods. Move right in!
Monthly condo fee: $481 includes water, sewer, heat, electricity, building maintenance, maintenance of common areas, professional management, master insurance policy, reserve funds, pool, snow removal & trash removal.
Large 1 bedroom with open floor plan, great closets, tree views, parking & extra storage. First class building with 24-hour front desk, 2 pools, party/social room, fitness center, laundry room on each floor, cats ok. Underground access to Giant, steps to METRO, restaurants and shops.
Monthly Condo fee: $700.00 includes gas, electric, water, sewer, heat/AC, reserve funds, professional management, maintenance of commons areas, trash removal, condo liability insurance & building amenities.
“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
At 93%, the top reason Millennials choose to buy is to have control over their living space.
Many Millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they'd like, or renovate an outdated part of their living space.
Thinking about buying or selling? You probably have questions. CLICK the link below for a free, confidential 17 minute conversation... LET'S TALK!
Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).
Here is how NAR defines the index:
“The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.”
Basically, a value of 100 means a family earning the median income earns enough to qualify for a mortgage on a median-priced home, based on the price and mortgage interest rates
Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different!
Buyers have already been out in force looking for their dream homes and more are on their way, but the challenge is that the inventory of homes for sale has not kept up with demand, which has lead to A LOT of competition for the homes that are available.
A recent Bloomberg article touched on the current market conditions:
“It’s the 2017 U.S. spring home-selling season, and listings are scarcer than they’ve ever been. Bidding wars common in perennially hot markets like the San Francisco Bay area, Denver and Boston are now also prevalent in the
There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.
After all, 15,014 houses sold yesterday, 15,014 will sell today and 15,014 will sell tomorrow.
15,014!
That is the average number of homes that sell each and every day in this country, according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.48 million. Divide that number by 365 (days in a year) and we can see that, on average, over 15,014 homes sell every day.
This week on “What’s Working Now!” I’m going over some great tips from my right-sizing and decluttering seminar!
If you’re just getting ready to move, there’s a lot you need to get in order. So, where do you start? Your home holds years of clothing, furniture, books, letters, mementos, photographs, etc. that can seem pretty overwhelming when the time comes to organize for a move.
The best advice for starting the process is to keep it simple. Make a to-do list of things you need to sort, organize, clean, remove, throw away, donate, sell, repair, or paint. You also might need to include landscaping projects and hiring movers on the to-do list.
It’s important to know that not all to-do lists are the same. Different methods
A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today.
1. Down Payment
The survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 40% of consumers think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less.
Many renters may actually be able to enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket.
Sunny, one bedroom, one bath condo, updated kitchen with table space, bright living room & dining area. Building amenities include fitness center, outdoor pool, rooftop lounge and party room. Steps to Giant, Starbucks, shopping, restaurants & Whole Foods. Move right in!
Monthly condo fee: $481 includes water, sewer, heat, electricity, building maintenance, maintenance of common areas, professional management, master insurance policy, reserve funds, pool, snow removal & trash removal.
Visit www.5301WestbardCircle247.com for architectural photos and color floor plan.
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