home selling: How A Changing Home Buying Landscape Will Benefit Sellers and Buyers
- 12/31/15 04:51 AM
We've spent a good deal of time in recent blogs looking at the return of the first time buyer, after many years of relative absence. The key reason behind the slump in getting on the house ownership ladder was, of course, the Great Recession. Huge job losses and less available credit, plus the general uncertainties of those very unfortunate few years, saw a diminution in enthusiasm and actual ability to buy a first home. Last month, however, we reported that the first time buyer is well and truly back after a long general absence. As we said then, it is really difficult to … (1 comments)
home selling: When Can We Own A Home Again?
- 12/31/15 04:47 AM
Last week we looked at the impending and very welcome comeback of many "boomerang" home buyers to the real estate market in the next few years. Just a reminder that boomerang buyers are those unfortunate individuals who ran into financial difficulties during the recession. They may have suffered a big drop in their credit rating, possibly due to a short sale or foreclosure on their property. If you are one of that number then one of the first questions you may be asking is exactly when can you be reconsidered for a home loan? As always with financial matters, the answer is not … (1 comments)
home selling: 5 Compelling Reasons to Sell Your Home This Winter
- 12/31/15 04:39 AM
There are still few more hours left in 2015 and therefore if you've been contemplating selling your home, there's still time to take advantage of the fabulous current market conditions. Here are five great reasons why you should be listing right now: - Mortgage rates - They're still very low and it's by no means certain that they will start to rise soon, even though the Federal Reserve just raised interest rates for the first time in 7 years. This year's helter skelter stock market was broadly good for mortgage rates, as they are likely to fall when investors seek safe havens like mortgage … (0 comments)
home selling: 8 Great Tips for Selling Your Home to First Time Buyers
- 12/31/15 04:35 AM
Much has been written this year about the very welcome return of the first time buyer and it has been a key component of the 2015 real estate success story. This is such great news for many sellers, whose homes fall into the most likely categories that will appeal to first time buyers. Naturally enough, the vast majority of rookie home buyers will be younger people, including the group of people widely known as millennials - folks who reached young adulthood around the year 2000. It's important, therefore, for sellers to gain a better understanding of the likely buying needs and motivations of the … (0 comments)
home selling: Why Residential Real Estate Remains Such A Great Investment
- 12/31/15 04:32 AM
The recent volatility we have seen in stock markets around the world has inevitably once again focused attention on the strength of residential real estate as an investment. Stocks have certainly been on a wild roller coaster ride in recent weeks, as uncertainty over the health of the Chinese economy has had a profound effect on investor confidence. This week has seen press coverage on the resilience of the property market in such times. Articles have focused on the ability of real estate values to rise as stocks fall. Indeed, it is reckoned that, over the past 60 years, residential real estate has … (0 comments)
home selling: 5 Great Tips For High Speed Home Sale Preparation
- 12/31/15 04:30 AM
Over the months we've devoted a lot of space in this blog to the importance of careful preparation of your home in advance of the sale. In the real world, of course, you may simply not have the luxury of months or weeks of time before you plan to sell. A sudden job relocation, for example, can put you on a very tight timescale indeed before you need to get the home listed. So what can be done in a few very short days to make the home look as good as possible for prospective buyers? Here are five simple tips that will enable … (0 comments)
home selling: Seven Mistakes To Avoid To Maximize Your Home Sale Price
- 12/31/15 04:27 AM
As we never tire of saying, right now is a fabulous time to sell a home in the Albuquerque area. A glance at our blog last Friday on the latest real estate stats for the area are a fine testiment to that statement! Indeed, with such incredibly positive signs of the health of the market right now, it's tempting to think that you simply cannot go wrong. While there is perhaps a little truth to this, in order to maximize your return on the sale and sell the home in the quickest possible time, there are still some big pitfalls you need … (1 comments)
home selling: A 10 Stage Plan To Transform Your Home's Curb Appeal for the New Year!
- 12/31/15 04:20 AM
Want to supercharge your home's selling potential by Monday morning and be ready to sell in the New Year? Given the low inventory levels this winter, you really do need to be making the most of an incredible opportunity to sell your home before the onslaught on new homes in the Spring. One of the easiest ways of fine tuning your home's appearance to potential buyers is to focus on curb appeal. The really good news is that there are some really fast and inexpensive ways you can transform that initial impression viewers get as they drive up and walk into the property. Here … (0 comments)
home selling: Why Is Our Home Not Selling In Today's Great Market Conditions?
- 12/31/15 04:16 AM
Readers of our recent blogs cannot fail to have noticed how upbeat we are about home selling conditions right now. With the continuance of very low mortgage rates, more closed sales and increased sale prices, plus low inventory in the Albuquerque area, reducing competition and increasing market visibility, it wouldn't be wide of the mark to suggest that this is about as good a situation as a seller could ever hope for. So why, you ask, has my home not sold if all these conditions are so favorable? Unfortunately, just because the market is in fine shape doesn't automatically mean that every home … (0 comments)
home selling: Experts Predicting An Even Tougher Time Ahead for Renters
- 12/31/15 04:13 AM
For renters, however, the past few days have seen widespread press coverage of yet more doom and gloom, following the publication of a report from the Harvard Joint Centre for Housing Studies and Enterprise Community Partners. In "Projecting Trends in Severely Cost-Burdened Renters", the Centre predicts that the number of households that spend half or more of their income on rent is expected to rise by at least 11% from 11.8 million to 13.1 million by 2025! This is further bleak news for renters. Even today, about one in four renters already contributes more than 50% of household income for property rental purposes. Rents … (0 comments)
home selling: Selling Your Home on Your Own - Why It's Simply A Bad Idea
- 12/31/15 04:09 AM
So you've decided to sell your home on your own. For whatever reason, you don't want to pay commission to a professional real estate agent and are convinced that by word of mouth with family and friends around the neighborhood and maybe a couple of ads in the local Facebook blog shop, you'll be able to save some money. Talk about a false economy. DIY selling, for want of a better name, still goes on and maybe once in a while someone manages to sell their home by themselves. The odds, however, are most definitely stacked against that happening and for a few … (0 comments)
home selling: What Turns Off Home Buyers?
- 12/31/15 04:07 AM
Wouldn't it be useful if you could understand what is most likely to turn off buyers when they view your home? Although the statistics are from Europe, via an online survey commissioned by British insurance company Go Compare, it's totally reasonable to assume that their findings are a series of universal truths, as applicable to us here in America as anywhere else. Let's look at the some of the most off putting aspects that would apply anywhere: - "Damp patches, stained walls and ceilings." - This was actually the #1 objection, with over 70% of those questioned identifying these problems as a turn off. … (0 comments)
home selling: Are You Hiring A Full Time Agent?
- 12/31/15 04:04 AM
Looking through the online version of the Albuquerque Journal recently, we came across this very interesting article which tells readers to be sure to hire a full-time real estate agent. Although quite a short piece, as you'll read if you follow the above link, the article does contain some really good advice. In looking at it ourselves, we got to thinking how many people actually even know if their agent is engaged in real estate on a full-time basis? It's a fair question and, we suspect, one that buyers and sellers often fail to ask when interviewing agents to represent them. There are approximately two … (0 comments)
home selling: Is it time to downsize your home?
- 12/31/15 04:00 AM
It happens to a lot of homeowners. The kids have left home and suddenly that multi-bedroom, multi-acre home no longer has the appeal that it once did. Sounds like you? Well it could be time to consider downsizing your home. There can be many advantages to doing this, one of the most significant being that selling your home for much more than the amount you'd need to buy a smaller one potentially gives you a nice sum of money to invest in a retirement fund, or maybe to buy that RV you've always dreamt of owning, enabling you to get out and explore … (0 comments)
home selling: Why it pays to buy a home as soon as possible in life
- 12/31/15 03:45 AM
2015 will long be remembered as the year when the first time home buyer made a significant return. We've taken up considerable blogging mileage this year explaining the merits of getting on the housing ladder and while it would be overkill to revisit them all again so soon, what we would like to emphasize today is the importance of buying your home as early as possible in your adult life. While your retirement years seem so distant in your early to mid 20's, trust us when we say that they will approach much faster than you can ever imagine and, if you've just … (0 comments)
home selling: Five Great Reasons Why Right Now Is A Great Time For Property Investment
- 12/31/15 03:42 AM
However you slice it, the current Albuquerque area real estate market is trending positively in so many ways. We've recently spent a good deal of time explaining to both current and prospective homeowners what a great time it is to either upgrade or get on the ownership ladder. It's equally a superb opportunity to either start or grow a property investment portfolio and here are five key reasons why we say that: Prices are rising - Refer to our recent review of Albuquerque area market conditions and you'll note the healthy growth of average sale prices in recent months. While there is merit in … (0 comments)
home selling: Why Being Prepared Always Pays Dividends For First Time Buyers
- 12/31/15 03:38 AM
We never tire of saying what a great time this is for buying a home. With mortgage rates still very low, plus other incentives such as low down payment home loans, it makes total sense to get on the housing ladder right now, before something changes. In reality, of course, and for a wide range of reasons, you simply may not be completely ready to take the big step and are now targeting the New Year for your first foray into home ownership. The good news is that there are things you can start to do now that will help you to achieve … (0 comments)
home selling: 2015 - Year in Review 4: Low Inventory
- 12/31/15 03:05 AM
Our look back at the key highlights in Albuquerque area real estate could hardly ignore one of the most defining factors in our local market this past 12 months - low inventory of available homes for sale. Every month in 2015 we've delivered a summary of local market performance and low inventory has been a constant and has never really shown signs of significant recovery. If anything, it's been getting steadily worse, in real terms. Perhaps what has been most surprising is that we've seen excellent growth in demand for homes during the year and yet many sellers have been slow to take … (1 comments)
home selling: 2015 - Year In Review 3: 12 Blog Highlights of 2015
- 12/31/15 03:02 AM
It has been a another great year here at Everest Peak Realty. We've again enjoyed bringing real estate news, views and advice to you throughout the year and thought it might be a good idea to go back over the past 12 months and pick out a key blog from each month that maybe you missed and which will be of use to you as a property seller, buyer or investor in 2016. January - 20 Priceless Staging Tips for Albuquerque Area Home Sellers February - 8 Sure Signs That It's Time to Change Realtor March - How to Conduct a Final Home Walk Through April … (0 comments)
home selling: 2015 - Year In Review 2: Exceptional Buyer Sentiment
- 12/31/15 02:58 AM
One defining characteristic of 2015 has been the exceptional buyer sentiment that has informed the real estate market right until the very end of the year. Almost exactly 365 days ago, we were predicting that the first time buyer would make a very welcome comeback during this year, and so it has proved. By May, first time purchases were accounting for 32% of all buying activity. By mid-year, we were reflecting on a great start to the year that had seen first mortgages up by no less than 80% in the first quarter of the year, compared with the same time period in 2014. The … (0 comments)
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