Should I Sell My Home In This Shifting Market?

There have been interesting shifts in the housing market over the last several months. Although inventory remains low, available homes have increased. Mortgage rates have gone up. Buyer’s money doesn’t go as far and they are pickier about what they buy. We’ve seen price reductions and homes sitting on the market for (what!!) over a month. With all of these changes, sellers may wonder if they should still sell their home.

First, the “slowdown” works to your advantage. In the last year it was almost impossible to buy a home contingent on selling yours. Home sellers were forced to find less than ideal solutions, such as temporary housing, rent backs, or short term financing. There is more opportunity now to find a replacement home with less pressure. There are more homes available, and there is more chance of getting your offer accepted with a home sale contingency.

Second, even though the inventory of homes has increased, we are still in a seller’s market. According to the National Association of Realtors, in July 2022 there was only a 3.3 month supply of homes. Anything less than six months is a seller’s market and keeps buyer demand high. There are still many buyers looking for the perfect home, which could be your home. This does mean your home needs to be priced right and in good repair. 

Third, your home value has appreciated in bounds over the last two years, up 18% in 2021 alone. This means you have a large amount of equity that you can use toward your replacement home. This puts you in a position to use your equity for several options when you sell – upgrade, downsize, invest, save, etc. 

The housing market is shifting, but it is allowing sellers a great opportunity to capitalize on their equity. Home values remain high, buyer demand is strong, and buying a replacement home has become simpler.


7 Don’ts for Buying a New Construction Home

With limited inventory for pre-existing homes, some buyers are turning to new construction. A new home could be exactly what you’re looking for and has many benefits. What could be better than brand new! Here are some things you may not have thought of. Don’t be caught unaware when you are considering new construction.

7 Secrets to Sell Your Home Fast!

You want to sell your home fast… and for the most money! You may be upgrading to a bigger home, relocating to a new location, or even downsizing for retirement. Whatever the case, once you’ve made the decision to sell, you want the best outcome! Here are seven secrets to get your home sold fast and for the most money.

How Quickly Will My Home Sell?

If you’re thinking of putting your home on the market, you are probably wondering how quickly it will sell. This depends on several factors! First, we have to look at what’s happening in the local real estate market to determine if it’s a home buyer’s market or a home seller’s market. Then we consider the condition of your home, any upgrades you’ve done, and any repairs that need to be made. Then we look at your specific location, neighborhood, and yard/land. All of these factors influence how quickly your home will sell.

Why Curb Appeal Matters! From Sale to Sold

You want the best return on the sale of your home that you can get! The first step is creating great curb appeal so when buyer’s pull up they are excited to enter your home. Then you want to stage your home to create as much buyer appeal as possible. Check out these tips to make buyers fall in love with your property!

Thinking About Buying?

Thinking of buying a home? There are so many steps in the process that it can feel overwhelming! But don’t worry 😃 We got you covered from the very first step until you have the key to your new home in your hand! Check out this video to learn how.