If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity. 1. The Number of Homes on the Market Is Still Low Today’s limited supply of houses for sale is putting … [Read more...]
Our Crystal Ball was right in 2021
We supported 16 investors in 2021 who did their own research, took our advice, and bought new construction investment homes in Cartersville GA. Townhomes that sold for under $220,000 in early 2021 new are now getting $286,000; Single Family Houses that were $280,000 are now at $360,000. These investors gained an estimated $1,400,000 in equity in one year! We still like Cartersville as an investment because it has a terrific location off of I75, several major employers, things to do, and still … [Read more...]
Key Terms for Homebuyers
How To Navigate a Market Where Multiple Offers Is the New Normal
If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply coupled with high buyer demand means you should be prepared to navigate a highly competitive market where homes sell fast and get multiple offers. Realtor.com has this to say: “Homes also flew off the market at record pace as buyers put offers in the moment properties came up for sale….” In a bidding war situation … [Read more...]
Key Factors That Impact Affordability Today
You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. There are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each of these components. 1. Home Prices The most recent Home Price Insights report … [Read more...]
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