Friday, April 1, 2022 / by Brittany Aspenson
Here’s why we likely aren’t heading for a crash anytime soon.
Our market has been hot for a long time, causing many people to wonder if another market crash is just around the corner. Fortunately, our market is nothing like it was back in 2008, and today I want to talk about why.
The first reason why our market isn’t like 2008 is that housing remains affordable. Three key factors determine affordability in a market: interest rates, wages, and home values. When we compare the two markets, our home values are high, just like in 2008. However, interest rates are lower than in 2008, and wages have increased over the last few years. Because of this, houses are still relatively affordable even though values keep increasing.
"We’re currently in a great lending environment."
Another difference between this market and 2008 is our mortgage standards. Lenders tightened their standards after the crash, and things haven’t changed since th ...
Tuesday, March 1, 2022 / by Brittany Aspenson
Four tips to help you time your move in our real estate market.
When is the best time to enter the real estate market? I receive many questions about this from people considering buying or selling a home. Sometimes people need to move for financial or personal reasons, which will trump any market conditions at the time. However, if you’re able to time your move, here are four things to think about that may help you decide when the best time is:
1. Market timing. There are three different types of markets: a seller’s market, a buyer’s market, and a balanced market. We’re rarely in a balanced market, and when we are, it’s not for long. As you likely know, we’re currently in an extremely strong seller’s market.
If you’re looking to buy, you’ll have to decide if you should do so in a seller’s market. If you need to sell and buy, you’re participating in both sides of the market, so it essentially comes out even. If. ...
Thursday, February 24, 2022 / by Brittany Aspenson
Here are some options for making an offer while you have a home to sell.
Many people think they have to list their home and sell it to make an offer on a new one. It can be overwhelming and scary, especially in this low-inventory market. However, there are ways you can make a non-contingent offer on a home even if you still have a house to sell.
The first option is to go to a bank and see if you can qualify for two mortgages at once. The money from the down payment can come from equity, via a bridge loan or HELOC or savings. Often, clients are concerned that they may not have access to their full down payment, and that’s ok. The loan can be recast at a later date to include all the equity that’s there.
The second option is for those who don’t qualify for two mortgages. For the properties that qualify, an instant cash offer from an iBuyer or our home swap program can provide you with the executed purchase agreement on your current property, which is necessary t ...
Monday, January 24, 2022 / by Brittany Aspenson
We know the idea of buying another home when you have a home to sell can feel overwhelming... especially in this low inventory market. We want to share some exciting news with you that we have financing tools that are not only effective, but convenient!
Our Home Swap option provides homeowners who qualify (and MANY do!) the ability to buy their next home without their current home being sold yet. Our Refresh program offers cash assistance to help if your current home needs work prior to listing. And we also can facilitate a CASH OFFER for those looking to make the process super simple! Finally, our Multiple Offer Strategy will ensure selling at the highest price in this Seller's Market.
These options help alleviate the fear and challenge of listing your home then trying to compete for the next, all within a designated time frame. You can't go wrong! It's an amazing opportunity if you are looking to MOVE and take advantage of historically low interest rates.
In this market, it ...
Thursday, January 20, 2022 / by Client Care Coordinator
The 4 Reasons to Sell your house in the Winter are simple.
1. Supply - There are fewer sellers willing to sell their home during the cold weather months, so you have less competition. The highest influx of your competition generally runs from February through July, so smart home sellers list when competition is low.
2. Less Work for You! - Properly preparing your home for sale requires a lot of work up front. During the peak real estate season, your first impression is the curb appeal and font yard. During the Winter, there is much less to prepare and maintain. While it's still important to give your home nice curb appeal in all seasons, there will be no landscaping or lawn care to worry about.
3. Serious Buyers! - Spring and Summer buyer's include many "Window Shoppers", which means you must leave your home for every showing and open house. That is the biggest inconvenience to sellers while their home is for sale. During t. ...