. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.”
Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that’s on many minds, based onContinue reading “Have Home Values Hit Bottom?”
As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving forward?Continue reading “What’s Ahead for Home Prices?”
Buyer demand hasn’t disappeared, it’s just moderated this year. If you’re ready to sell your house today, let’s connect so you have expert insights on how the market has shifted and how to plan accordingly for your sale.
I know many buyers are “waiting out the market” hoping to see a crash. I wouldn’t hold your breath. This isn’t a replica of 2008. There isn’t a bubble. It is simply high buyer demand and low inventory. Rates are still low, however experts are showing a steady tick up. If you wait, you could end up paying more than if you buy now.
Not all homes sell…here are some reasons why and some pointers on how to make sure your home does sell.
Because the real estate market is very dynamic, whether you are thinking about selling or buying, it’s more important than ever to work with an agent who understands the local market. Often, homes are sold where the seller may have netted a higher amount or there are buyers who lose out on a great home because their agent may not understand these market forces. Find an agent with knowledge and experience locally who can understand your unique needs.
A glance at 2020 Year End Housing Market for the Charlotte Region
Some analysts are talking about future foreclosures reaching 500,000 to over 1 million. With the options today’s homeowners have, that doesn’t seem likely.
I’ve mentioned this before, you most definitely want the most money for your home. But keep in mind the current market and what buyers are willing to pay for a similar home to yours right now. I might want my home to sell for $500,000. But current market conditions tell me otherwise. Homes near me that are most like my home are selling between $320,000 to $360,000. If I still choose to list my home at $500,000, buyers will overlook my home, leaving it on the market longer. This often creates a stigma about my listing, making buyers think something is wrong with the home.
If you’re thinking about listing your house this fall, let’s discuss how to price it right so you can maximize your exposure and your return.