Friday, May 14, 2021 / by Janelle Endres
Selling a house is no small task. If you decide to try to do it on your own, keep in mind you’ll be responsible for all the expert-level work of a real estate professional.
The vital tasks an agent manages for you include listing and marketing your house, handling legal documentation, negotiating with all parties, and navigating local laws and regulations.
If you’re ready to sell while the market is in your favor, let’s connect to make sure you have the professional expertise you need every step of the way. ...
Thursday, May 13, 2021 / by Janelle Endres
Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how the shortage of houses for sale sets yours up to be the oasis in an inventory desert.
According to the National Association of Realtors (NAR), today’s housing inventory sits at an incredibly low 2.1-month supply, far below the 6-month mark for a neutral market. Inventory of single-family homes a year ago was already very low, and as you can see in the graph below, this year’s levels are even lower:Due to these market conditions, today’s buyers frequently enter fierce bidding wars while trying to purchase a home. This in turn drives up home prices and gives sellers incredible leverage&nb ...
Wednesday, May 12, 2021 / by Janelle Endres
Just about every May I sit down to write Homeward Bound; I write about Mom’s Day. And why not… It is a very special day for very special people.
My Mom used to tell me, seemingly repeatedly, to do this and do that, not to do this and not to do that. ALL, I recall very valuable advice. Looking back on it all these many years later, I can say she was and still is, a very wise woman.
Time reveals, in fact, just about every caring Mother is a Wise Woman. I can see why we carve out a special day each year to acknowledge Moms. So here is a shout-out to all moms – Happy Mother’s Day!!
My Mother will be turning 92 this year!! So, as you can imagine every year is more special so she gets double hugs and accolades from my brother and sisters. (see inside for details)
Remember the best about them
Unfortunately, My Mom’s Mom is no longer here. I am sure that makes her very sad this time of year. I am1 ...
Tuesday, May 11, 2021 / by Janelle Endres
It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month.
In addition, Jim Dalrymple II of Inman News notes:
“One of the most noteworthy things that came up in Inman’s conversations with agents was that every single one said they’ve had conversations with clients about whether or not the market is heading into a bubble.”
To alleviate some of these concerns, let’s look at what several financial analysts are saying about the current residential real estate market. Within the last thirty days, four of the major financial services giants came to the same conclusion: the housing market is strong, and price appreciation will continue. Here are their statemen. ...
Monday, May 10, 2021 / by Janelle Endres
Homes with pool are on the rise
After the outbreak, homes with pools have been the object of buyer envy. According to HomeLight's "Top Agent Insights for Spring 2021," pool additions are on the rise, and more homebuyers want one in their backyard.
Many buyers avoided properties with pools prior to the pandemic because of the maintenance problems and possible liability. According to HomeAdvisor data, the average pool will cost between $3,000 and $5,000 per year to maintain.
Fondness for homes with pools
According to data from that year, only 2% of realtors said that a pool aided in the sale of a house. However, the pandemic has caused Americans to reconsider their fondness for pools, which have become a form of recreation for those who are confined to their homes. Pool revenues have increased by threefold in the last year.
Property with an in-ground pool is also fetching a higher price. Prior to COVID-19, real estate professionals polled by HomeLight estimated t; ...