betterthanfsbo: Four Tips to Sell Your Home Faster #TimeToSell
- 11/27/19 10:39 AM
When selling your house, there are a few key things you can prioritize to have the greatest impact for a faster sale: 1. Make Buyers Feel at Home Declutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make buyers feel like they belong in the house. According to the 2019 Profile of Home Staging by the National Association of Realtors, “83% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.” Not only will your house spend less time on the market, but the same report mentioned that, “One-quarter of buyers’ agents … (0 comments)
betterthanfsbo: Home B4 The Holidays? 7 Reasons 2 List Your House This Holiday Season
- 11/25/19 10:01 AM
Around this time each year, many homeowners decide to wait until after the holidays to list their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why listing your house now or keeping it on the market this winter may be the best choice you can make. Here are seven great reasons not to wait: Relocation buyers are out there now. Many companies are still hiring throughout the holidays, and they need their new employees to start as soon as possible. Purchasers who are looking for homes during … (0 comments)
betterthanfsbo: UP! UP! UP! How Long Can This Economic Recovery Last?
- 11/21/19 05:20 PM
The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last? The Wall Street Journal (WSJ) Survey of Economists recently called for an economic slowdown (recession) in the near future. The most recent survey, however, now shows the economists are pushing that timetable back. When asked when they expect a recession to start, 42.5% of the economists in the previous survey projected between now and the end of 2020. The most recent survey … (1 comments)
betterthanfsbo: Are You Ready to List Your Home? Buyers Are Looking Now!!
- 11/20/19 04:31 PM
Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below:With inventory being one of the biggest housing market challenges today, finding a starter home right now isn’t easy. According to the Q3 Housing Trends Report from the National Association of Homebuilders (NAHB), 68% of those searching for a home think their search will get harder or stay about the same over the next 12 months. The same study reveals, “In Qtr3’19, buyers actively engaged in the process … (1 comments)
betterthanfsbo: The Direction Of Home Values, Buyer Demand Growing in Every Region
- 11/13/19 09:59 AM
Buyers are out in full force this fall, increasing the demand for homebuying in all four regions of the country. According to the latest ShowingTime Showing Index, “Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally slow fall season began with a marked boost in buyer interest.” Buyers clearly have the right idea, as mortgage rates have dropped over a full percentage point since the fall of 2018. They’ve hovered in a historically low range since this summer, making the overall cost of homeownership significantly more attractive and affordable. Here’s the breakdown of how ShowingTime reports current buyer traffic patterns … (0 comments)
betterthanfsbo: CALIFORNIA ECONOMIC FORECAST #TimeToSell by Mark Schniepp #ReBlog
- 11/11/19 11:05 AM
Happiness is High but for How Much Longer? by Mark Schniepp November 2019 Confidence I’m looking at the sentiment and confidence indices that are constructed from monthly survey responses of American consumers. It is remarkable at how much and how long a time we have been optimistic about the economy. Consumers like you and me are finding little not to like in the present environment of low unemployment, healthy job growth, low interest rates, low inflation, and a stock market that continues to make record highs this year. Consumer confidence remains high, even though it has ebbed and flowed a … (0 comments)
betterthanfsbo: Should I Sell My Home This Winter or Wait Till Spring 2020?
- 11/04/19 08:58 AM
The #1 Reason to List Your House in the Winter Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition. So, what’s the #1 reason to list your house in the winter? Less competition. Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the months supply of listings from the National Association of Realtors.As you … (0 comments)
betterthanfsbo: #FirstTimeHomeBuyers-Here's How 2 Determine If You Can Afford 2 Buy a Home
- 10/30/19 10:17 AM
The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to that equation: mortgage interest rates. Mortgage interest rates have fallen by more than a full percentage point from this time last year. Today’s rate is 3.75%; it was 4.86% at this time last year. This has dramatically increased a purchaser’s ability to afford a home. Here are … (0 comments)
betterthanfsbo: The Waiting Is The Hardest Part.... When You Are Selling Your Home
- 10/29/19 10:07 AM
Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a flood of buyers in the market, but right now may in fact be an even better time to list your home. We can see the overall economy is good: wages are rising, there are near record-low unemployment rates, and mortgage interest rates are still very low too. Over the past 10+ years … (4 comments)
betterthanfsbo: SoCal Homes Are Selling Quickly #INFOGRAPHIC
- 10/18/19 12:29 PM
Some Highlights: The National Association of REALTORS® surveyed their members for the release of their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices, and market conditions. Homes across the country are selling quickly, in an average of just 31 days. 49% of homes sold in less than a month. Blog Archive ▼ 2019 (260) ▼ October (13) Market Melt Down?? This is NOT the 2008 Real Estat... In Our Complex Digital World You Need a Profession... Next Generation of Homebuyers, Gen … (0 comments)
betterthanfsbo: There Is Nothing For Sale! Existing-Home Sales Report Shows Now Is a Great Time to Sell
- 10/14/19 11:19 AM
The best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing-Home Sales Report released by the National Association of Realtors (NAR), reveals that demand for housing continues to be strong, but the supply is struggling to keep pace. With this trend likely continuing throughout 2020, now is a great time to sell your house. THE EXISTING-HOME SALES REPORT The most important data revealed in this report was not actually sales. In reality, it was the inventory of homes for sale (supply). The report explained: Total housing inventory at the end of August decreased 2.6% to 1.86 million homes available … (2 comments)
When selling your house, there are a few key things you can prioritize to have the greatest impact for a faster sale:
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