Thursday, May 26, 2022 / by Barbara Oleska
We are again in unprecedented times and I am watching the market hour by hour. If you are considering buying or selling real estate, this is absolutely NOT the time to go it alone. You need a very knowledgeable professional by your side educating you and supporting you to make the best decisions for you and your family. I don't have a crystal ball, yet right now may be the best time to sell or buy depending on your circumstances.
Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation.
An Expert Will Give You the Best Advice Possible
Let’s say you need an attorney, so you seek out an expert in the type of law required for your case. When you go to their office, they won’t immediately tell you how the case is goin. ...
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Thursday, February 10, 2022 / by Barbara Oleska
So many of you have told me that you'd love to move, but there are a number of problems in securing your new home if you need the equity from your current home or don't want to carry two mortgages, yet don't want to miss out by selling through an iBuyer with a below market sale. Buyers who can pay cash once they sell their home face many of the same challenges if they need the cash to close on their new home.
Generally, your options are:
Buy your next home without first selling your current home OR
You find a home you like, then make an offer that is contingent on the sale of your current home (in this market, forget it!) OR
You can sell your current home first, move into interim housing while you find the right new home to purchase (and rents are CRAZY high right now)
Challenges with current options:
In the first scenario, you’ll need to have enough savings for a down payment, qualify for two mortgages simultaneously, and carry both mortgages for some period of time. Thi5 ...
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Friday, September 10, 2021 / by Barbara Oleska
Reasons You Should Consider Selling This Fall
If you're trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers' market we're in today won't last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later.
1. Your House Will Likely Sell Quickly
According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they're selling in just 17 days. As a seller, that's great news for you.
Average days on market is a strong indicator of buyer demand. And if homes are selling quickly, buyers have to be more decisive and act fast to submit their offer before other buyers swoop in.
2. Buyers Are Willing To Compete for Your House
In addition to selling quickly, homes are receiving multiple offers. That same survey shows ...
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Wednesday, September 1, 2021 / by Barbara Oleska
If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.
Why is sellers sentiment up year-over-year?
The higher good time to sell sentiment has to do with today’s market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don’t have enough houses available for sale to meet buyer demand.
According to the latest data from the National Association of Realtors (NAR), we’re still firmly in a sellers’ market because housing supply is well below a balanced norm (shown in ...
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Friday, June 25, 2021 / by Barbara Oleska
We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer.
High Buyer Demand
Demand is strong, and buyers are actively searching for homes to purchase. In the Realtors Confidence Index Survey published monthly by the National Association of Realtors (NAR), buyer traffic is considered “very strong” in almost every state. Homebuyers aren’t just great in number right now – they’re also determined to find their dream home. NAR shows the average home for sale today receives five offers from hopeful buyers. These increasingly frequent bidding wars can drive up ...
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