Spring Market Buyer Beware
If you are a housing market buyer contemplating the purchase of your next home, there are a few things to remember to put things into perspective when beginning your search. First is to have a lot of patience. The spring market usually begins the week after the Super Bowl. The weather begins to turn nice […]
Read More....You Don’t Have To Burn Through Your Wallet To Buy A Great Bottle of Wine!
The other day I was invited to a culinary holiday party, the only requirement is to bring a bottle of wine that cost no less than $75. To quote John McEnroe talking to the umpire in a tennis match, “You can’t be serious”. Recently, the amount that people have told me their home improvement projects […]
Read More....The Ball of Confusion that is the Real Estate Market
The Temptations wrote a song titled The Ball of Confusion. “That’s what the world is today. Round and around and around we go where the worlds headed nobody knows.” The song was written 52 years ago in 1970 and the only difference between then and now is that the world seems to be spinning faster […]
Read More....The Wizard of Oz and the Perfect Storm
Close your eyes for a moment. Picture the scene from the beginning of The Wizard of Oz when Dorothy and Todo get locked out of the storm shelter. They run back to the house to Dorothy’s bedroom. The next thing you know the house is free falling in a tornado. Real estate values are about […]
Read More....Don’t Break The Piggy Bank
The mortgage payment that homeowners make to their lending institution is the best form of forced savings. Regardless of the fluctuation of property values, every mortgage payment is like putting money in the piggy bank. The equity in your piggy bank increases every month until the mortgage is paid off or the property is sold. […]
Read More....Baby Boomers: Time to Cash Out Your Home
It has never been a better time to cash out your home’s equity and Baby Boomers are the age group poised to benefit the most from today’s housing market. Preserving one’s wealth is the most important action you can take. Baby Boomers who have been fortunate to experience property appreciation and have not taken the […]
Read More....Listing Price vs. Selling Price – What to Expect
What is a fair listing price? What is a fair selling price? The listing price vs. selling price difference is determined by a number of factors. Whether a REALTOR sells four homes a year or four hundred homes, the rule of thumb for establishing a listing price for a homeowner or making an initial offer […]
Read More....How Sellers Price Their Homes
Clients often ask, “How much under the listing price should we offer?” The best way to understand market value is through comparative research to see how sellers price their homes in the area. Professional real estate consultants review and study at least 40 to 60 listings, visit 10 to 20, and inspect 5 to10 properties […]
Read More....Coming Out of the Funk of the Pandemic Fog
It has been two years since the virtual reality of living in a daily fog overtook our lives. Expectations, goals and dreams were either put on hold or vaporized in front of our eyes. A sense of hopelessness created a funk for everyone, young and old. We celebrated the spring of 2020 with a national […]
Read More....The Real Estate Shift Is Here – Expect Prices to Drop
Over the past two years sellers have reaped the benefits of increased property values. A low inventory of homes on the market over this time was only an extension of a pre-pandemic trend. Based on supply and demand, a low inventory of homes combined with an overabundance of buyers means property values will go up. […]
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