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Sandy Erickson Real Estate Team Blog

Monday, April 11, 2022   /   by Brittany Aspenson

5 Things Buyers Are Doing to Win Against Multiple Offers

Gary Raeker joined me to discuss how he’s helping buyers win in this market.

One of our team’s top agents, Gary Raeker, specializes in helping our home-buying clients. He joined me recently to share the top five things that buyers are doing in this market to ensure their offers get accepted.
 
Feel free to watch the full video, or use these timestamps to browse specific topics at your leisure:
 
0:00 — Introducing today’s topic
 
1:10 — No. 1: Price
 
1:35 — No. 2: Inspection contingency
 
2:09 — No. 3: Closing date
 
3:02 — No. 4: A strong pre-approval letter
 
4:31 — No. 5: Purchase agreement presentation
 
5:33 — Final thoughts
 
Thanks so much to Gary for joining me to explore each of these factors in detail. Each homebuyer and situation is different, but these are five helpful strategies that buyers are using to make their offers stand out.
If you have. ...

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  buyer's, home buyer tips

Friday, April 1, 2022   /   by Brittany Aspenson

Why You Shouldn’t Worry About a Crash

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 ...

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  home selling, buyer's, seller's, sellers market, homeowners

Tuesday, March 8, 2022   /   by Brittany Aspenson

4 Methods To Get Your Offer Accepted

Four ways that you can strengthen your offer and win the bid.

Inventory continues to shrink, so when a buyer finds the right home, they should do everything they can to get it. In this seller's market, we often get asked about how buyers can get their offer accepted. Here are four things that will strengthen your offer:
1. Get a pre-approval letter from a reputable local loan officer. Sellers want to be confident that the buyer’s financing will come through at closing.
2. Consider properties below your budget. This will allow you to compete in a multiple offer situation by going over asking price.
3. Consider fixer-uppers and homes lingering on the market. There will likely be less competition for these homes, which could give you more flexibility to negotiate.
4. Work with a strong real estate agent. The agent should have enough knowledge and experience to navigate this challenging market. They should be able to provide you with the data and tools necessary to make a co ...

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Tuesday, March 1, 2022   /   by Brittany Aspenson

Questions To Ask When House-Hunting With Pets In Mind

Just how much do we love our pets? Several surveys showed how much pets are affecting the homebuying process. Pets influence many buyers on the types of homes and neighborhoods they search for, becoming the biggest reason their favorite humans decide to become homeowners.

A 2021 homes.com survey of 1,600 homeowners who are also pet owners showed that 68 percent of respondents who weren't already living in a pet-friendly home said they have moved for the sole purpose of accommodating their pets.

Another joint survey from Rover and Zillow found that 62 percent of pet parents consider moving to a new home to accommodate their dog. Likewise, listings that mentioned dog-friendly features such as fenced backyards, dog runs, and dog houses sold faster.


Tuesday, March 1, 2022   /   by Brittany Aspenson

When Is the Best Time To Enter the Market?

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. ...

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  home selling, seller's, selling house tips, sellers market

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