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Seller Market | Barbara's Corner Blog

Thursday, February 17, 2022   /   by Barbara Oleska

Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

 If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why.
Demand Is Very Strong
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for NAR, explains:
“Sales for the entire year finished strong, reaching the highest annual level since 2006. . . . With mortgage rates expected to rise in 2022, it's likely that a portion of December buyers were intent on avoiding the inevitable rate increases.”
Demand isn’t expected to weaken this year, either. In addition, the Mortgage Finance Forecast, pu ...

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Thursday, February 10, 2022   /   by Barbara Oleska

My Home Buying & Selling Program

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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Monday, December 20, 2021   /   by Barbara Oleska

Win When You Sell

If you've been thinking about making the move, don't miss the boat. We're still in a low inventory market giving you the seller's advantage. Yes, it can be tricky to find a new home, however, we have strategies to help with that. If you have been thinking about downsizing or moving out of the area take advantage of the leverage of your increased equity. 
If you're considering selling your home or curious about the current market value for your home give me a call and we can discuss your options.
Win When You Sell
Right now, conditions are very favorable for current homeowners looking for a change. If you sell now, here’s what you can expect:
• Your House Will Stand Out – While recent data shows there are more sellers getting ready to list their homes this winter, there are still more buyers in the market than there are homes for sale. If you sell your house now before more houses are listed, it will get more attention from serious buyers who are eager to find. ...

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Friday, September 10, 2021   /   by Barbara Oleska

4 Reasons You Should Consider Selling This Fall

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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Friday, September 3, 2021   /   by Barbara Oleska

5 Reasons Today’s Housing Market is Anything But Normal

      Everyone asks me, "how's the market?" Real estate is fascinating and we have never experienced a more unusual market! In this email I will share national information and local market information where applicable. Please call me if you have any questions or love graphs and I'll send them!
There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning.
Here’s the definition of normal from the Merriam-Webster Dictionary:
“conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.”
Using this definition, here are five housing industry metrics that prove we’re nowhere near normal.
1. Mortgag ...

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