September 21, 2018 rummy

If you’re debating on moving to your dream home, you might be in luck. In some areas in the U.S. home equities rise which could give way to spending less for the long-awaited dream home for the lucky 25% of homeowners with a mortgage. Home equity is defined as the difference between the home’s fair market value and the outstanding balance of all liens (loans) on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value of their homes go up! According to the latest Equity Report from…

September 20, 2018 rummy

Any process can prove tricky to someone new. Let alone, the complicated procedure of selling homes, to agents helping out the ordeal could be less difficult. Good thing we have this tips to make your life easier. Memorize the Market When a market turns and sudden transition occurs, study your potential market response with the sudden changes. As a listing agent and local market expert, mastery of the signs of a shift and having the means to communicate the new reality to your sellers is a must. Our job is to help our potential sellers understand the turns. We should…

September 18, 2018 rummy

Within the property market, there is much written about when the best time to buy and sell is. Just like trading other investments you can try to play the market to your advantage and this certainly applies with investment buyers, but when it comes to selling a home, it is often more about the right time for you rather than trying to judge the wider market. Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented: “Contract signings inched backward once again last month, as declines in the South and West weighed down on overall activity.” Yun goes…

September 12, 2018 rummy

If you’re ready to sell your home but just waiting for the right time, then you’re in luck my friend. There’s a saying that goes, “strike while the iron is hot” and right now, the iron is ablaze. You should put your property up in the market while it’s filled with able, willing and eager buyers. Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. ​ The chart below shows the forecasted year-over-year prices for 2018 (predictions made in 2017). According…

September 6, 2018 rummy

Timing is everything, selling homes included. In case your thinking of selling your home in the future. This fall is the best time for you, here are five great reasons why you should sell this season. 1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! In fact, more often than not, multiple buyers end up competing with each other to buy the same homes. Take…

August 15, 2018 rummy

Whether it’s because of proximity to work or business or simply because your family has grown. You will come to think at some point that your home cannot keep up with your needs anymore. It may seem hard to imagine that the first home you purchased (which made your dreams come true) might not be the home that will allow you to achieve the rest of your dreams. The good news is that it’s okay to admit that your home no longer fits your needs! ​ According to CoreLogic’s latest Home Price Index, prices in the starter home market have appreciated faster than…

August 14, 2018 rummy

Currently, sellers are enjoying huge if not undivided attention from buyers as their visibility is at peak. There are reports, however, that this will change in the following months to come as permits for single-family units are granted. 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…

August 8, 2018 rummy

“If you are good at something, never do it for free”, these are wise words from a fictional movie “The Dark Night” spoken by the antagonist called the Joker. This emphasizes that expertise on any particular activity is not for everyone to achieve, some people just don’t have the time, while others just might have their passion set for something else. Needless to say, the occupation real estate professional was created because people realized a need for it. Here are some of the top reasons why it’s best to hire one before entering the market. 1. What do you do…

August 3, 2018 rummy

It’s a simple case of supply and demand. Lower inventory equates to higher demand which in turn leads to faster sales and occasionally, even higher prices. So this means higher yield, less time in the market with little effort. Let’s discuss. 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…

July 31, 2018 rummy

Not all agents are the same, some may be better than others particularly because of their knowledge of the demographics and there are some who just have the right priorities. Let’s talk about what you should look for in an agent before deciding to hire them. One great example of an agent who is in your corner and is always looking out for your best interests is one of the main characters on ABC’s Modern Family, Phil Dunphy. For those who aren’t familiar with the character, Phil is a REALTOR® with a huge heart who always strives to do his best for his family…