Here are some helpful guidelines when thinking about selling your home. Factors that Impact Your Home’s Value: Market Conditions – the current supply (or inventory) of homes for sale, buyer demand, interest rates and availability of financing, prices of recently sold properties, economic factors and seasonal demand all play a role in pricing Your Home’s Condition – location, age, size of the home and lot, floor plan and architectural style. Be objective about your home and tr
In a recent survey by ShelterZoom, 1000 consumers were asked about how soon they would be willing to reduce the price of the home if they had not receive an offer. Here are the results: 20% would reduce price within 1 month 33% would reduce price after 3 months 17% would reduce price after 5 months 12% won’t Sell for less than they listed The largest number of potential buyers will view a newly listed home within the first 14 days on the market, and the number will decrease a
Out of the 20 hottest housing markets in January, eight of them were located in California. According to Realtor Magazine, homes in the nation’s hottest markets in January tended to sell anywhere between 14 to 55 days faster than the rest of the market. Historically, California markets used to dominate realtor.com®’s list but things are becoming a little more balanced across the country and smaller and more affordable markets are seeing strong gains. Here's a list from realto
I extracted some highlights of a new tax bill that the House passed on Thursday. It's called the Tax and Jobs Act. This summary came from Realtor Magazine and represents the National Association of Realtors perspective on the bill. They are concerned that this bill could reduce property values and significantly impact middle income households...... Eliminates or curtails most itemized deductions, except those for mortgage interest and charitable contributions. The MID would b
Realtor.com®’s research team analyzed 300 of the nation’s largest metros between September 2014 and September 2017 to find which markets have seen the largest increases in median list prices over that period. Researchers looked at the percentage change—not total dollar uptick—over one-, three-, and five-year periods. Half of these markets are in the Midwest and the numbers are quite dramatic! The following markets have seen the highest home appreciation, according to realtor.
Here are some national updates for home sales in August (Realtor Magazine): For the fourth time in five months, existing-home sales dropped as a shortage of homes for sale continues to impact the housing market according to the National Association of REALTORS®’ latest housing report, released Wednesday.Existing-home sales did see an increase in the Northeast and Midwest in August but were outpaced by sales declines in the South and West, according to NAR’s report. The South
143 million US consumers were compromised when hackers accessed the Equifax database. The breach apparently took place from May 13 - July 30. It compromised people’s Social Security numbers, addresses, and credit card information. I just used this link to see if my data had been accessed. It looks like I wasn't hacked this time but it brings to light the continuous concern in our digital world. Here are some tips from Realtor.com (September 15, 2017) What You Should Do: Check
Often home sellers fall prey to myths that don't always match the reality of the housing market. Here are a few that Realtor.com highlighted about home pricing. You don't always make money on the sale of a home: Sellers' profits greatly depend on their location and how much they paid for the home when they purchased it. The National Association of Realtors reports that 23 markets have seen the cost of homes decrease in recent months and we shouldn't forget the huge market dec