Are you watching local real estate prices? You may notice that the prices are staying relatively strong, but the number of sales are slowing down.  That’s due to interest rates being high in an effort to slow down inflation. Prices were skyrocketing and the Federal Reserve had to slow things down. Prices have not gone [...]

Realtors see it over and over again. Mistakes made by sellers who will not listen. They either think they know better or simply do not realize where the current market is. Things are different than just two years ago. Back then, you could throw your house up for sale today and get three offers by [...]

Thinking about throwing your house on the market? You may be trying to take advantage of high values, which is smart. Yes, interest rates are going to create some challenges, but properties are still selling at a good pace, especially quality ones. People cannot afford the time or cost to update a house. If they [...]

Interest rates went up because the economy was too hot. Literally, when the economy is going too fast, which means prices of goods and services, including property, are going up  too quickly, the Federal Reserve will raise interest rates to slow down the borrowing of money. That is their tactic for slowing things down. It [...]

Your house will sell in this market, for fair value. The question is not if, but when and for how much? The faster you want your house to sell, the lower you will have to make the price. Why? Because right now it’s not a buyers market, or a seller's market. Right now both buyers [...]

Realtors do things a little differently when it comes to marketing and managing your house. The reality is, a realtor makes a world of difference when you are trying to sell, especially now. Oh, you’re able to sell your own property? That’s great. Most buyers will not want to deal with the owner directly. [...]

Is the current real estate market strong? It depends what you mean by that. From a value standpoint, the current market is outstanding. From a sales standpoint, it’s not as strong as it was two years ago. Interest rates have skyrocketed in an effort to cool off the market and it has been a success. [...]

Interest rates are high right now to help slow down the real estate market and inflation. It’s a strategy that has proven to work before, but that doesn’t help those looking to buy or sell property right now. The high rates mean that monthly payments for borrowing money are going to be much higher than [...]

Is the real estate market in a good place right now? That depends on who you ask. No one is a fan of interest rates but they understand why they are up and why what’s being done is being done. More on that later. The focus of the real estate market has changed in the [...]

The real estate market needs to shift its way of thinking. Investors, whether buying one property or several, have been looking at shorter returns for years. In fact, the idea of flipping property has become very popular. The concept is simple, you buy a rundown property for a low price and fix it up with [...]