Friday, November 4, 2022 / by Barbara Oleska
As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with today’s cooling housing market, is it really a good time to sell your house, or should you wait?
If you’re ready to make your decision, here are three reasons you may want to consider selling before the holidays.
1. Get One Step Ahead of Other Sellers
Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and deprioritize selling their house until the start of the new year when their schedules and social calendars calm down.
Selling now, while other h. ...
Thursday, September 29, 2022 / by Barbara Oleska
While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in the form of home equity. Here’s how it works.
Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially. And while rising inventory and mortgage rates have cooled the market some in recent months, home prices nationally remain strong.
That’s why, according to the latest Homeowner Equity Insights from CoreLogic, the average homeowner equity has grown by $60,000 over the last. ...
Thursday, September 22, 2022 / by Barbara Oleska
Yes, our market has cooled reflecting rising interest rates, rising insurance costs, and a general freak out that we will have a recession. That said, with my Power Advantage System you can count on smooth sailing! (Possibly a couple squalls, but I can fix that!)
Will My House Still Sell in Today’s Market?
If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years.
Buyer Demand Then and Now
During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime&nbs ...
Thursday, September 8, 2022 / by Barbara Oleska
Everybody has questions. Market crash? Recession? What does it mean?If you’re thinking about selling your house, please click on Fall guide below to download. While the market has cooled, that also means you’ll have more negotiating power when you buy. It all works out, right?If you’re thinking and wondering about selling, give me a call and we’ll discuss your property in our local market. ...
Thursday, August 18, 2022 / by Barbara Oleska
Below is an article I'm sharing about national trends; however, what matters most is our local market. While Florida remains in demand we are seeing a slowdown in activity and an increase in listings. Keep in mind that within the last few months mortgage payments have almost doubled and as we all know homeowners insurance is wicked. Affordability has become an issue. Homes are still selling, of course, but the days of aspirational pricing are behind us. You may have seen news headlines like "Home Sellers are Slashing Prices". No. What is happening is sellers are having to reduce prices to come in line with the actual market value. Buyers, if you're waiting for a crash, it's unlikely to happen and, in fact, experts expect prices to continue to appreciate, albeit more slowly. Deciding when to buy a house is based on if it makes sense for you. For buyers the market has improved providing more inventory, time to think, and opportunity to negotiate. If you're thinking about buying, or . ...