Am I Crazy to Enter Today’s Real Estate Market?

Do you feel like you are hearing a different answer to that question from everyone?

You are. Media, Economists, REALTORS, lenders, and then of course neighbors, friends and the list goes on.

Do you know why you will continue to hear different answers to that broad question? 

Because real estate is situational.

There are however a few situations that I think make this a great time to list your home as well as there are a few situations I think make this a great time to buy and I am here to break that down and help be your guide.

BOOMERS!…. Hey you baby boomers ( A Baby Boomer was born between 1946-1964)

1. Are you still sitting on a ton of equity in your house but you don’t necessarily need all that space?
2. Have you been waiting to cash in but you felt like you didn’t have any where to go?

THIS IS YOUR CHANCE.  You are the largest demographic that owns your home outright or has very little debt and you are also the only the demographic that will be down-sizing and spending LESS on your next home than the home you are currently in.  This equates to 2 wins for you in this market:

1. The rates mean very little to you or nothing at all.
2. You may be able to negotiate your desired smaller footprint with less competition in the buying pool.

The millennials are a LARGER demographic than you boomers and they are about to start growing their families and need more bedrooms, yard space, bonus rooms, dining rooms… and guess who has all of that?  THE BOOMERS!

Let me start this off by saying we understand interest rates doubling in a year is not a good look. It is difficult to imagine “what you could have had” but there are a few situations that might make this the BEST time to buy.

FIRST TIME HOME BUYERS I am talking to you! Have you heard of:

1. a 2-1 buy down?
2. seller paid inspection repairs?
3. seller paid closing costs?

You are the luckiest first-time home buyers in 5 years. This is the only time in a long time that you can negotiate with the seller! 

A 2-1 buy down is the seller paying to BUY DOWN your interest rate!  YES, I AM SERIOUS.  With others getting out of the market because of fear this has opened up an opportunity for you to capitalize.

As a first-time home buyer you likely won’t have an abundance of cash to fix neglected maintenance items found during your inspection (the inspection you would have likely had to waive 6 months ago) now’s your chance to have the seller fix them for you!  

Also keep more money in your pocket by asking the sellers to pitch in on closing costs.  My advice, link up with industry leaders a good lender and good REALTOR team and talk about options. I strongly believe a REALTOR should not be someone you hire a week or two before you are ready to enter the market, your REALTOR needs to be in your corner at all times directing and guiding you during an ever changing market.  

So remember, real estate is situational it will NEVER be the perfect time for EVERYONE.  The question is, today the right time for you?

https://lesliesellshouses.com/

Thinking about buying

or selling your home ?

I can help make the process easy, let’s get in touch today!

https://lesliesellshouses.com/

The Top Reasons Why People Move

Articles and Advice

Life is constantly changing — relationships, jobs, children, and family. All of these things cause shifts in our lifestyles and, more specifically, where we live. People relocate to a new home for a number of reasons: career, relationships, family, finances or just for change itself.

Here are nine reasons why people move:

1. Larger Home Upsizing is one reason people move. A couple that decides to start having children soon realizes that their initial home no longer meets their growing family’s needs. As children grow, there is a need for extra bedrooms and living space. The more children added, the greater the need for a larger home with more bedrooms, bathrooms, and a larger yard.
   
2. Downsizing When children grow and leave the home, some parents opt to downsize and relocate to a smaller, more manageable house.
   
3. Homeownership Homeownership is still very much a part of the American dream for many people–and falls into our “top 10 reasons for relocating” category. While homeownership comes with a number of responsibilities, it also comes with opportunities too, like creating your dream home, enjoying your personal lifestyle, and having peace of mind.
   
4. Change in Relationships Personal relationships often cause people to move. Whether you’re starting a new life as a couple or starting over after a divorce, these life events cause people to move. Another reason could be a death in the family, causing you to move from a home holding too many memories.
   
5. Change in Employment Job promotions and company relations may cause people to move from their current homes. If a new job requires extensive commute times, many people find it easier to move closer to their new place of employment.
   
6. Change Some people change… for the sake of change. Moving to a new town or state gives people the chance to add excitement to their lives. They have the opportunity to make new friends, experience new things, and explore new career paths.
   
7. Financial Reasons The cost of living varies from one place to another. When a family faces a financial crisis, the logical thing to do is move to a convenient but less expensive location. At times, the move to a more affordable house or location is just a measure to cut down on spending and save more.
   
8. Better Home As income increases, so does the tendency to want better things. A better home falls into this category. After years of hard work and wise spending, upgrading to a better, newer home is often the ultimate reward for many people.
   
9. Schools Good school districts should be a top priority for people with and without children. Homes located in a good school district provide families with children the best chance at a top education. And for people without children, buying a house in a good school district helps optimize the home’s future resale value.

No matter the reason you move, the right real estate agent can make the process that much easier. Talk to your local agent today about the steps you need to make for a stress-free move.

Thinking about buying

or selling your home?

I can help make the process easy, let’s get in touch today!

https://lesliesellshouses.com/