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 [...]
Do you really want to buy a house right now? You’re tired of paying rent and dealing with your neighbors. You want your own property, your own place to hang your hat. It’s a dream many have right now but unfortunately it’s not necessarily the best time to buy. Interest rates are up and that’s [...]
Interest rates are up and it is keeping homeowners from selling their property quickly and at the initial asking prices. It’s a far cry from where the market was at a couple of years ago and there are no signs that things are going to change. However, you would not know that the market isn’t [...]
Fixing your home before selling it is never a bad idea. Three weeks of time and $10,000 can raise a property value by twice that or more, spending on what gets done and what else needs to get done. Every property needs work, it doesn’t matter if it’s brand new or was built years ago. [...]
