This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The materials used in the construction and decoration of your home are also extremely important because they determine how structurally sound your property is, how it’s going to last over time, and how much maintenance it’s going to require. It also makes it more likely that appraisers and buyers overlook or do not notice previous damage.
Spring also brings major holidays like Easter, giving sellers the chance to decorate for the season and set themselves apart. Mortgage rates reached new lows multiple times, and buyers took advantage of this surge in affordability by snapping up available houses. 12 Easter-inspired home staging ideas your buyers will love.
This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. When a house comes on the market, buyers flock to it.
At the same time, if interest rates go down, we might have more buyers staying in the market.” As the fall season approaches, the interest rates are expected to continue to go down as well as there being more inventory within the market for buyers. … It’s great for buyers.”
Their concerns usually stem from the misconception that buyers are not looking during November and December because they’re halting their search for the holidays. In March of 2020, we saw a significant drop in inventory, and the market still has not gone back to pre-pandemic levels. In many cases, this is not correct.
Many buyers and sellers still chose to wait out the spring market until the summer, due to lack of inventory and fears they won’t find a home. This means that the summer market is predicted to be teeming with buyers and sellers who are ready to STRIKE! Buyer Resources. Additional Resources. April 8, 2021.
Many homeowners fear that the cold and winter months looming will deter buyers from searching for their perfect home, however, this isn’t the case. Having a low average days on market is a strong indicator of the current buyer demand.
So many factors contributed to the influx of buyers to the market and the low inventory, or lack of homes available for sale. Be sure it's easy for prospective buyers to walk around. Keep decor and holiday decorations to a minimum as well. Too many blow-up decorations on your front lawn is also not very tasteful.
When selecting your selling approach, consider these points: Evaluate the method’s track record and marketing potential : Look for a robust marketing strategy to get your home in front of the right buyers. Use vivid, descriptive language that paints a picture for potential buyers.
In today's market, where home values are rising and there is a lack of inventory of homes available for sale, you may find many agents' businesses are tightening due to lack of inventory. " If you are a seller, ask your real estate agent to purchase a home warranty for you and your buyers as part of a marketing strategy.
Home Prices and Interest Rates A portion of buyers on the market in the spring and summer ended up being priced out of the market as home values jumped double digit percentages year over year. Potential buyers found they could not be approved for mortgages at the higher home prices and interest rates. Appeal to buyers' senses.
Welcome to your go-to guide for all things real estate, housing market, and home decor! If rates continue to fall, it could encourage more homeowners to sell, adding much-needed inventory to the market. Many potential buyers who missed out on low rates during the pandemic may rush back into the market, further increasing competition.
Welcome to your go-to guide for all things real estate, housing market, and home decor! Recommended Reads Buyers catch a break: Home prices just fell the most in 2 years Business Insider | Jennifer Sor, Real Estate | August 7 | Tags: Housing Market, Home Prices Hold on to your hats, homebuyers! of listings getting slashed.
The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.
You’ll also have less furniture, decorations and supplies to buy for the smaller space. If you can time your home sale during a period where there are more buyers than supply, you’ll get the best price for your home. Some buyers may even waive inspections and offer more than the asking price. Simplicity.
This outlook implies that 30-year mortgage rates will climb further to around 6.8% – exacerbating affordability headwinds for the housing market, especially for prospective first-time home buyers. Advice for residential real estate appraisers In summary, appraisers must strike a balance in today’s housing market. Excerpts: Paul J.
This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. Often sellers said they would remove the pool, but the buyers never requested it. This is where we have to study the comps.
From horror movie-esque semi-abandoned homes for rent to home decor that overshot “unique”, the owners and agents behind these funny ads thought things were perfect just as they were for their photos and open houses. Spiking housing supply & fewer buyers. We’ve seen a massive change in housing inventory. July 25, 2022 .
House decorating used a lot of seashells and items found on the local beach. ” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. The interior of the house is also a reminder of a sea shell.
Some believe this has more to do with policy changes aimed at helping increase inventory. Bottom line: Buyers should factor this potential tax increase into their budgeting plans when buying a home, as property taxes can significantly affect the overall cost of ownership. What’s happening is the cities are preserving more trees.
SPOTTING TRENDS Builders are hearing from prospective buyers: Developers are being asked to create stylish and functional homes with little compromise on size and at lower prices. Total inventory remains low, however, keeping prices higher on an annual basis. Can’t make it to the festival? Home Show, Feb. 10am-6pm every day.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content