Category: For Sellers
Auto Added by WPeMatico
Ask around and almost every homebuyer out there wants to know if there’s a way to get a better deal. And just about every seller wants to know if they’ll still get top dollar.The interesting thing is… both can be right at the exact same time. It just depends on where you live.That’s because today’s housing market isn’t moving in one direction anymore. Some markets clearly favor buyers. Others still favor sellers. But most are sitting somewhere in the middle.And knowing which market you’re actually in can completely change the strategy you use to buy or...
Here’s Why Mortgage Rates Are What They Are Right Now
If you’re waiting for mortgage rates to fall a lot before you buy, you may be waiting a while. But before you get discouraged, there’s a number working behind the scenes that’s actually good for you right now. It’s called the spread, and once you understand it, you may see today’s rates in a whole new light.The Pattern That’s Held for 50+ YearsFor starters, mortgage rates don’t move on their own. They tend to follow the 10-year treasury yield, a number tied to how investors feel about the economy.It’s not an exact science, since plenty of other factors can move...
Home Price Growth Slowed Down. That May Be Changing.
After more than a year of headlines talking about how home prices are going to crash, the latest data shows that price growth may be starting to pick back up again. And depending on whether you’re buying or selling, that shift means something different for you.The Numbers May Be Starting To TurnFor the past couple of years, home price growth has been moderating – cooling from around 7% in mid-2024, according to Redfin (see graph below). But look at the right side of that graph. The pace of that growth appears to have hit its low point and started to turn.While a couple months of data...
Selling a Luxury House? Here’s Why Now Is a Good Time
If you own a luxury house, you’re in a stronger spot than most sellers right now. While much of the market has cooled, the high-end tier hasn’t. Sale prices and buyer demand are both up. So if you’re considering selling, now could be a great time to make your move.Luxury Is Leading on PriceLet’s start with prices. But before we get into it – what actually counts as a luxury home? Generally, these are homes in the top 5% price range for the area, so it varies depending on where you live.But what’s interesting is that according to the latest data from Redfin, sale prices for...
The House That Started It All Could Kickstart What’s Next
Remember how exciting it was to buy your first place? It felt like crossing a long-awaited finish line. It gave you a place to build your life. Maybe it’s where you lived when you got married. Or where you welcomed a child or a pet into the family.But that was just the beginning.For most people, your first house was never meant to be your forever home. It’s a stepping stone for what comes next.And if your life looks different today than it did when you got the keys, you’re not stuck. Moving may be more realistic than you think.Starter Home Inventory Is Still Relatively LowIf you’ve...
Your House Hasn’t Sold Yet. Should You Rent It Out Instead?
When your house sits on the market longer than expected, it can get frustrating fast.You start asking: what now? And for a growing number of homeowners, that turns into: should I just rent it instead?While it sounds like a simple backup plan, becoming “accidental landlord” is actually a much bigger decision than most people realize. That’s when someone planned to sell, didn’t get the price or traction they hoped for, and decided to rent the house out instead.And lately, that’s happening more often.Why the Number of Accidental Landlords Is RisingIf you’re faced with the same choice to...
Don’t Let Home Prices Headlines Fool You
Spend about 5 minutes online searching for news about the housing market, and odds are you’ll see something pop up about home prices. You may even stumble onto social media influencers saying we’re headed for a crash. Let’s get you the context you need.The truth is prices are going to vary depending on where you live. But they’re not crashing.Here’s what you need to know.The Local Perspective: Home Price Trends by AreaThe biggest thing feeding into the confusion online is how different home price trends are by area right now. Take a look at this data from ResiClub and Zillow (see...
The Best Week To List Your House Is Just Around the Corner
While the Spring season consistently offers up some of the best conditions for home sellers, Realtor.com says there’s one window where the stars really seem to align year after year. And it’s coming up fast.Based on their analysis of historical trends, the ideal week to put your house on the market this year is: April 12–18.And here’s why this window stands out as being particularly seller-friendly:Buyers Are More Active. According to the research coming out of Realtor.com, homes listed during this week typically get about 16.7% more views than in a normal week. And in a market where buyers...
The Remodel You’ve Been Dreaming About May Be Closer Than You Think
That kitchen you’ve been mentally redesigning…The bathroom that really needs a refresh…Or the outdoor space you keep saying you’ll get to someday…What if you already have what you need to finally make it happen? Because a growing number of homeowners are realizing just that.Homeowners are expected to spend over $522 billion on home improvements by the end of 2026 – and they’re not draining their savings accounts to get it done. Many are using their home equity.And if you’ve owned your home for 10+ years, there’s a chance you could use your equity to fund some home upgrades...
The #1 Reason Buyers Walk Away (And How To Get Ahead of It)
You may have seen headlines on social saying the number of buyers backing out of their contracts is on the rise – and has recently reached a high not seen since 2017. That can sound intimidating. But it varies a lot by market.And here’s the key thing to understand if you want to sell. A lot of the time, there’s one common cause. And it’s something you can actually control.Here’s what you can do to get ahead of the biggest dealbreaker before it ever becomes a problem.The Top Dealbreaker: Issues That Pop Up During the InspectionA Redfin survey shows over 70% of recently cancelled contracts...