Currently, we are in a cutthroat sellers market. In our area, we are currently averaging a days on market of under a week. So what can be done to get that offer in and, more importantly, get accepted? If you look around there are a ton of suggestions: Know your must haves, your nice to haves, and what the difference is. Be prepared for a bidding war. Don't let your emotions get the best of you Get an agent to represent you. Use their expertise. Understand your Finances. Be … [Read more...]
What It Means To Be in a Sellers’ Market
If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase. The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply at … [Read more...]
Buyer & Seller Perks in Today’s Housing Market
Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season. The Biggest Perk for Buyers: Low Mortgage Rates Today’s most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-rate … [Read more...]
Should We Fear the Surge in Cash-Out Refinances?
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one with a larger amount than owed on the previously existing loan, helping borrowers use their home mortgage to get some cash.” The Freddie … [Read more...]
Americans See Major Home Equity Gains
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