Even though 2020 was a tough year for the world, the housing market was the best it has been in a while. CNN Business reported that existing home sales in 2020 rose to the highest level in 14 years as prices climbed to a record high. Home prices rose 9% from 2019 and the median price of existing homes rose to $295,000. The National Association of Realtors put these numbers out saying it is the highest...
Photo by Avel Chuklanov on Unsplash A new year, a new home, this is a New Year's resolution many have on the brain. A professional real estate agent can help those who might think this is an impossible New Year's resolution turn it into a reality. A Realtor can help a first-time homebuyer prepare their finances, find a home the buyer can afford and close the deal. The Bank of America Real Estate...
Many think of spring as the best season to sell a home, but this is not necessarily the case anymore. Since COVID-19 the housing market has changed in trends. This fall the market conditions and strong buyer demand fueled a perfect season to sell a home. The cool crisp air, vibrant leaves, pumpkin spice lattes and cozy sweaters are a refreshing change from the hot summer days and nights. Freddie Mac...
Even with the current hot housing market, there are tips that can help sell your home faster and for a higher price. If you are in the midst of or thinking about selling your home, now is the best time. According to Zillow, the pace of home sales is the fastest it’s been in more than two years. With historically low mortgage rates, low inventory and rising home prices buyers are ready to make a move....
The housing market is hotter than ever and multiple bids on a property are now the norm. Not to worry, there are many ways you can improve your chances of getting the house of your dreams. Here are some tips to follow when negotiating on a home with multiple offers. All-cash offers are hard to beat, but if you can't make an all-cash offer, offer above the asking price. A seller loves to hear that the...
Today's housing market is booming and the demand for homes for sale is increasing. The current market is definitely a seller's market. From low mortgage rates to bidding wars, buyers are frantically flooding the market. Below are four great reasons why fall is the best time to sell your home. As mentioned earlier, buyers are actively looking for a new home. ShowTime, a leading real estate showing...
Relocating can be a huge life-changing event, whether moving to another city, state, or country. Hiring a Realtor to find a new home in a new area saves you time and takes away some of the stress of this life-changing event. If you are looking to relocate, here are 5 reasons why you should hire a Realtor. First off, Realtors are insightful when it comes to the area they work in. Realtors are familiar...
The National Association of Realtors (NAR) released data confirming that July's existing-home sales hit another record increase. This boost is encouraged by the record low mortgage rates. According to NAR, single-family homes, townhomes, condominiums and co-ops existing home sales were up 24.7% to a seasonally adjusted annual rate of 5.86 million during the month of July. This is the largest and highest...
Multiple offers have become more common in the current housing market. According to the National Association of Home Builders NAHB's Housing Trends Report, 59% of home buyers that were in the process of purchasing a home in the second quarter of 2020 had spent as much as 3 months searching for a home. In the report, it was found that a number of these buyers were confronted with multiple offers on the same...
Coronavirus has made virtual showings, purchases and sales of homes a must. FaceTime and Zoom are the new avenues for showing homes as well as 3-D modeling technology that allows potential homebuyers to digitally walk through a home. This technology has been out there for several years, however, it has not been used as much until the pandemic shutdown. These technology tools such as virtual...