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Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]

Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top rooms to stage in order to attract more buyers are the living [...]

By |2018-07-13T04:00:33+00:00July 13th, 2018|For Sellers, Infographics, Move-Up Buyers|Comments Off on Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]

How Long Do Most Families Live in a House?

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2014, that average is almost ten years – an increase of almost 50%. Why the dramatic increase? The reasons for this change are plentiful! The [...]

By |2018-07-10T04:00:22+00:00July 10th, 2018|For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on How Long Do Most Families Live in a House?

The #1 Reason to List Your House for Sale NOW!

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory: “Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand.  That is why home prices [...]

By |2018-07-09T04:00:14+00:00July 9th, 2018|For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on The #1 Reason to List Your House for Sale NOW!

Why Should You Use A Professional to Sell Your Home?

When homeowners decide to sell their houses, they obviously want to get the best possible price for their home with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed a buyer’s behavior during the home buying process. According to the National Association of Realtors’ 2018 Home Buyer [...]

By |2018-07-03T04:00:26+00:00July 3rd, 2018|For Sellers, Move-Up Buyers|Comments Off on Why Should You Use A Professional to Sell Your Home?

Next Recession in 2020? What Will Be the Impact?

Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market analysts how they felt about the current housing market. That report revealed the possible timing of the next recession: “Experts largely expect the next recession to begin in 2020.” That timing concurs with a recent survey [...]

By |2018-06-28T04:00:25+00:00June 28th, 2018|For Buyers, For Sellers, Housing Market Updates, Pricing|Comments Off on Next Recession in 2020? What Will Be the Impact?

What’s the Median Home Value in Your State?

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located. In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on a state-by-state basis using data from the National Association of Realtors. Demand often dictates value, even for houses in [...]

By |2018-06-27T04:00:29+00:00June 27th, 2018|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing|Comments Off on What’s the Median Home Value in Your State?

4 Reasons to Sell This Summer [INFOGRAPHIC]

Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family to move on and start living the life you desire.

By |2018-06-22T04:00:42+00:00June 22nd, 2018|For Sellers, Infographics, Move-Up Buyers|Comments Off on 4 Reasons to Sell This Summer [INFOGRAPHIC]

3 Issues Facing Today’s Real Estate Market

Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners.  The Counselors of Real Estate (CRE) “is an international organization of high profile property professionals which include principals of prominent real estate, financial, legal, and accounting firms as well as [...]

By |2018-06-20T04:00:15+00:00June 20th, 2018|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials|Comments Off on 3 Issues Facing Today’s Real Estate Market

Top 5 Reasons You Shouldn’t FSBO

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. Exposure to Prospective Buyers According to the 2017 Profile of Home Buyers and Sellers from NAR, last year 95% of buyers search online for a home. That [...]

By |2018-06-19T04:00:55+00:00June 19th, 2018|For Sellers, FSBOs, Move-Up Buyers, Selling Myths|Comments Off on Top 5 Reasons You Shouldn’t FSBO

How A Lack of Inventory Impacts the Housing Market

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018. However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. Buyer demand naturally increases during the summer months, but supply is not keeping up. [...]

By |2018-06-18T04:00:04+00:00June 18th, 2018|For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on How A Lack of Inventory Impacts the Housing Market