What’s Going On In Our Marketplace?

Today I’ll address what’s happening in our market currently and what that means for home sellers.

The big question I’ve been hearing is, “What is the outlook for our market? What going to happen in 2019?” Here are some of my thoughts about the market for you to consider:

1. Interest rates are still amazingly low. When I bought my houses, interest rates were at 12.75%, which really puts into perspective how great our current 5% rate actually is. Compared to last year, however, rates are a whole point higher.

2. Houses are more expensive. Not only have interest rates risen, but home prices have gone up, as well. This is good news for sellers, but less so for buyers.

So what does the combination of these two factors mean to you as a seller? It means that if you price your property correctly according to the market and allow a good agent (like myself) to give it the proper exposure, it’s going to sell for top dollar.

If you have any questions or would like more information about how I can help you sell your home for as much as possible, please reach out to me. I would love to hear from you.

A Few Thoughts About the Best Time to Buy or Sell

Spring isn’t necessarily the best time for you to sell your home. Here are three additional factors to consider.

Here’s a question that I get a lot: Now that it’s winter, when is the best time to sell my house? Here
are three thoughts for you that will help answer the question:

1. The spring has a lot more activity. There are more houses for sale in the spring, as well as
more buyers. However, it doesn’t necessarily mean higher prices for you. Winter sales have a lot
fewer houses, but still a steady supply of buyers. From what I’ve seen, winter sales tend to bring
a little bit more money if you get in at the right time.

2. The market cycle. The market is cyclical, but we’re probably at the peak right now. We never
know when the cycle starts or ends.

3. When should you buy and/or sell? Whenever is most convenient for you. Interest rates are
still amazingly low and we’ve sold three listings this week for over their asking price.

If you have any questions for us about buying, selling, or about real estate in general, don’t hesitate
to give me a call or send me an email. I look forward to hearing from you soon.