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You may be living in a pot of gold!

By
Real Estate Agent with Thompson Company, REALTORS® 240.593.2860 MD594797

Spoiler alert! Years ago, as my girls and I exited an arts center after waiting for a thunderstorm to roll through, we saw the end of a rainbow. It gently faded into the mossy grounds right in front of us, where the parking lot morphed into green space. True story!

There was no pot of gold sitting at the end of it, I'm sorry to say. But, if you have owned your home for a (little) while, maybe scored when the market was slow a few years back, you may just be sitting in your very own pot of gold. Also true story! 

Imagine catching a leprechaun, not in the Irish countryside (although that would be lovely, too) but in your very own backyard. That's what this inventory-starved market is like for a lot of home sellers! For home buyers, it's more like having to find an entire bouquet of four-leaf Clovers, while juggling a few pints of Guinness. 

Home prices have been soaring! If you've thought about selling your current home to move closer to family, to trade up to your forever home, or any other reason, you may not want to wait much longer but cash in now. 

Curious how much your pot of gold is worth?
Let's chat: Andrea 240.593.2860.

Is it time to cash in your pot of gold? Home prices have been soaring!

Posted by

Andrea Bedard
Thompson Co., REALTORS®

Silver Spring, Maryland
andreabedard.com

Fluent in Real Estate and German.
Old house lover.
Accredited Buyer's Agent.
Certified International
Property Specialist.
REALTOR® on the Run.

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Comments(12)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Andrea happy ST. Paddy's Day and I hope you did not partake in to much green stuff.

Mar 17, 2021 04:45 PM
Andrea Bedard
Thompson Company, REALTORS® 240.593.2860 - Silver Spring, MD
Fluent in Real Estate & German, M.A. ABR ASP CIPS

Happy Saint Patrick's Day to you, too George! It's been a beautifully busy day, but I am now settling in with an adult beverage (not very green, however). 

Mar 17, 2021 05:23 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Andrea - this is an effective St Patrick's Day real estate message.  Here's hoping the leprechauns continue to work on the equity bandwagon in the days to come in 2021 and beyond.  

Mar 17, 2021 06:18 PM
Andrea Bedard
Slàinte to that Michael! 
Thank you!
Mar 17, 2021 07:48 PM
Lauren Williams, CPO
Casual Uncluttering LLC - Woodinville, WA
Professional Organizer: Puget Sound homes

@Andrea Bedard Loved the way you worked in all the St. Patrick's Day references! Well-written. Lauren

Mar 17, 2021 07:04 PM
Andrea Bedard

Thank you very much Lauren! I had fun writing this blog. And the rainbow story is truly true :)

Mar 17, 2021 07:49 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Andrea - perfect way to relate to St. Patrick's Day.  For many home owners they have their pot of gold.

Mar 18, 2021 03:47 AM
Andrea Bedard

Thank you Grant! I'm especially excited for the owners who bought just before the bubble burst - if they were able to hang in there. Now is the best time to find out just how large that pot of gold has grown and possibly cash it in. 

Mar 18, 2021 06:20 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I hope you got some calls from sellers looking to find out how much their pot of gold is worth!

Mar 18, 2021 05:08 AM
Andrea Bedard

I talked to a seller last night who was thrilled to find out that they have a good chunk of equity. They'll be able to realize a dream. 


Thank you Kat! 

Mar 18, 2021 06:22 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I truly feel like I live in a pot o' gold most of the time, life is good!  With regard to real estate and how the market has continued to increase for so many years, most homeowners have ample equity in their homes!

Mar 18, 2021 06:54 AM
Andrea Bedard

Love your comment Brian! 


According to Corelogic's Homeowner Equity Report:


"In the fourth quarter of 2020, the average homeowner gained approximately $26,300 in equity during the past year." Curious to find out what the average will be like for 2021!

Mar 18, 2021 07:03 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hello Andrea!  You are right many folks are sitting on a pot of gold right now.

Mar 18, 2021 09:43 AM
Andrea Bedard

It's a great feeling telling some sellers just how big of a pot it is! 

Mar 19, 2021 06:43 AM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Love this post, very timely and so true, real estate is GOLD for those who have held it even for a few months or longer, and I expect this will remain the case for at least the near future!

Mar 18, 2021 05:37 PM
Andrea Bedard

I am already getting the question John: when do you think it will cool off? I, too, expect it to last in the near future, it would take a lot of new inventory to make a difference. But new construction is far behind and so many folks decided to refinance at below 3% instead of moving up or down.  

Mar 19, 2021 06:48 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Love this leprechaun slant on the current market condition madness.  Yes, homeowners are sitting on a bucket of gold indeed.

Mar 18, 2021 06:33 PM
Andrea Bedard

Thank you Chris Ann! It fits these times perfectly. 

Mar 19, 2021 06:50 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Andrea, what a cool story!   In my newsletter this month, I put - you ready to see your Pot O Gold?   Hopefully will get more listings!

Mar 19, 2021 07:59 AM
Andrea Bedard

Thank you Joan! Yes, hopefully we will. I am ready!

Mar 19, 2021 06:24 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Andrea, I absolutely loved what you wrote! Your life experiences with your girls and to witness the end of a rainbow was such a life lesson that and your girls will never forget. You have a beautiful writing style! Thank you for sharing. I enjoyed reading it very much. 

Mar 26, 2021 12:23 PM
Andrea Bedard

Thanky you for stopping by and your lovely comment Patricia, it made my evening! 

Mar 26, 2021 07:38 PM