Monday, November 19, 2018 / by Amy McLeod
Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
Here are seven great reasons not to wait:
Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their new employees in their new positions as soon as possible.
Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
You can restrict the showings on your home to the times you want it shown. You will remain in control.
Homes show better when decorated for the holidays.
There is minimal competition for you as a seller right now. Inventory of homes for sale traditionally slows in the late fall, early winter. Let’s take a look at listing inventory as compared to the same time last year:
The desire to own a home doesn’t stop when the holi ...
Wednesday, November 14, 2018 / by Amy McLeod
As we careen at warp speed toward Thanksgiving, Christmas, and all of the joyous (read: stressful) festivities in between, you might be tempted to take your home off the market—or hold off on listing it—until after the new year. After all, you’re swamped with cooking, shopping, and decorating, and the last thing you need is a bunch of potential buyers traipsing through your house, right?
Wrong, says Tg Glazer, branch vice president and managing broker of Coldwell Banker Residential Brokerage in Bernardsville, NJ.
“It’s a huge, huge mistake to either remove your home from the market during the holiday season, or to not put your home on the market if you're getting ready to sell,” Glazer says.
Why? The first reason is painfully obvious: Your house can't actually sell if it’s off the market, says Nora Ling Lane, executive vice president for Allie Beth Allman & Associates, a Berkshire Hathaway affiliate in Dallas.
Monday, October 15, 2018 / by Amy McLeod
Right after we got married, my husband and I bought a starter house. At the time, we didn’t have much in savings (or in income), so it wasn’t our dream house. But it was our house, and that was enough. Coming from the tiny apartment where we started out, this three-bedroom, one-bath Cape Cod on a quiet street seemed like a dream. Our plan was to stay five years, tops, then sell it and move on to something bigger and better.
That was 12 years ago … and we’re still here.
At first, our long stay in our starter home happened purely by accident. We had two kids in quick succession, and I'd made a career move into an unsteady field. We were just too busy (and to be honest, too scared) to make the leap.
A few years ago, however, we decided we were ready to enter the real estate market once again. Financially, we were comfortable, and we were rapidly outgrowing the house that had once fit us perfectly. Time to move on!
But that's when it ...
Monday, August 13, 2018 / by Amy McLeod
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May.
How will this impact buyers?
More inventory means more options. Mark Fleming, First American’s Chief Economist, explained that this is good news for the housing market – especially for those looking to buy:
“The continued year-over-year growth in completions means more homes on the market in the short-term, offering some immediate relief in alleviating housing supply shortages.”
How will this impact sellers?
More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect:
A great price on their home ...
Monday, July 30, 2018 / by Amy McLeod
The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true.
The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.
NAR’s Chief Economist Lawrence Yun had this to say,
“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. F ...