Posts from February 2021
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WHAT TO EXPECT WHEN YOU ARE EXPECTING…TO SELL YOUR HOME
If you've been watching the real estate market lately, houses are selling faster than the new PS5 at the holidays, or Cabbage Patch Kids if you're more in line with my generation. The simple laws of economics are wreaking havoc on the market. With money being so cheap to acquire through financing due to all-time low interest rates, the demand for homes is insane. Homes are being listed at 9am and not even making it until lunch time before they are already under contract in some cases. With supply levels not meeting the demands of the market, your home just might be what someone is waiting to purchase. Here are a few things you should expect to expect when listing your home for sale in today's environment with a trusted Realtor®.
PRE-INSPECTIONS RULE
Of course, you think your home is perfect. It is YOUR home! However, as you prepare to list your home, buyers are going to be looking for any excuse to negotiate a strong position by pointing out the blemishes you may not know abo...
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Economic Forecast for 2021 is a Win-Win for Home Buyers and Sellers
So much for 2020 vision, right? All of the play on words that last year was supposed to be a year of clarity was bull sh…not true. Whether it was a pandemic or social and governmental unrest, last year was anything but a moment of clarity. However, with all of the turmoil and challenges, the economic impact it will have on 2021 is clear, at least it is to Dr. Lawrence Yun, Chief Economist of the National Association of Realtors ®. I'm probably not on his Favorites in his iPhone but I was privileged enough to hear him speak, addressing the forecast for this year and how it will impact the purchasing power you have for homes this year.
A NEW APPRECIATION FOR SAVINGS ACCOUNTS
One of the elements Dr. Yun spoke about was the newfound appreciation last year provided us for Savings Accounts. Bank deposits are up more 2 times from this time last year. Given the struggles we all went through last year, a bailout might not always be there for us. While bank deposits are up, acco...