home selling: Our Market is changing
- 07/23/22 03:29 PM
At least in our area of Central Mississippi. Some people say that is "Normalizing". According to my experience, this is not true. It is true, however, that the bidding wars are slowing down. More people are able to buy a home at list price, assuming that they are prequalified with a dependable bank or mortgage co., or they have proof of funds. There is still an extreme shortage of inventory. This is not because not many homes are coming on the market. Listings pop up every day. They just don't stay on the market as long as in the past. The … (6 comments)
home selling: What is happening to our market?
- 06/26/22 03:59 PM
Well, nobody knows for sure, but I read some predictions from the national association of Realtors. They believe that the housing shortage will be here for awhile. Now, according to them, it will ease somewhat due to the fact that rising interest rates will put some buyers on the sidelines. However, we're short several million units now, so that won't change much. They're predicting that , in most parts of the country, housing prices will not come down, but the rise may flatten somewhat. In my opinion, because of the rising rates, I think that the lower price homes will be even … (0 comments)
home selling: How to present a home to the market
- 05/12/22 04:08 PM
Why is it that some homes sell in hours for thousands over list and others don't. Well, back in the old days, when I was first licensed, we were told that it was either price, location or condition. Many things have changed but some haven't. The seller should want to buyer to be motivated to move forward, so price the home right. When showing a home, less is always more. Sparse furnishings show better than a home stuffed full of big furniture and bric a bracs. At the same time you don't want it to look vacant. Pictures lining all of the … (4 comments)
home selling: Now is the time to move
- 11/13/16 09:40 AM
Ok. The election is over. Rates are at record low levels. They will not stay low long, according to what I hear. It's the perfect time to move! Yes, I know, the holidays are upon us, but that too will go away. It's time to get a Real Estate professional to analyze your current home, to tell you what you need to do to get it market ready. Do you need to paint/caulk? Replace deteriorating soffits? Common knowledge suggests that, if a home needs $500 of touch ups, it will bring $5000 less on the market. No brainer! Now don't get … (3 comments)
home selling: Home values
- 01/19/16 09:45 AM
How much is my home worth? The Jones', down the street sold their's for 450k, so mine should go for about that. How does your home relate to the Jones' home? Is it the same size? Does it have a 3 car garage like theirs? Was it built about the same time? Does it have the same updates and amenities? Is it in the same condition? I have a re-fi appraisal from 4 years ago that is more than you are telling me. A re-fi appraisal from 4 years ago is not an indication of today's value. For the most part, … (0 comments)
home selling: Making an offer on a home
- 08/01/15 10:29 AM
I have touched on this subject before, but, feel that it needs to be addressed more fully. First, everyone gets advice from Uncle Bill and all of these countless online advisors, but the truth is, the only person who can advise you on your offer is your Realtor. " I read somewhere that you should always offer 5% less than list". Ok, Mr. Buyer, what if the property is listed 10% over market? Then you have paid too much! At the same time, if you are in a hot area, it could be that you'll have to pay over list to … (5 comments)
home selling: Something to think about
- 07/13/15 09:40 AM
I have a plaque on my office wall. It is a quote from the late great Zig Ziglar. It says "You can get anything in the world you want if you help enough other people get what they want". This is how I try to lead my life. If you think about it, truer words were never spoken. This says it all for any Real Estate professional. Our job is to help our clients get what they want. Sometimes, this is easier than others, but, this is our job. When I list a great home at a great price in a … (8 comments)
home selling: What should I be doing right now?
- 06/28/15 12:18 PM
several years ago, a Realtor friend called me to tell me that she had listed a home for some former clients of mine. They called her because, even though they thought the world of me,they thought that I was too busy to handle their needs. This was a wake up call for me. Nothing will kill a thriving Real a Estate practice as quickly as people having the perception that we are too busy to handle their needs. A wise man, Zig Ziglar ,once said that "we all are allowed the same 24 hours in a day. No more no … (2 comments)
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At least in our area of Central Mississippi. Some people say that is "Normalizing". According to my experience, this is not true. It is true, however, that the bidding wars are slowing down. More people are able to buy a home at list price, assuming that they are prequalified with a dependable bank or mortgage co., or they have proof of funds. There is still an extreme shortage of inventory. This is not because not many homes are coming on the market. Listings pop up every day. They just don't stay on the market as long as in the past. The … (6 comments)
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