This edition touches on construction trends, buyer trends, the importance between rate increases compared to purchase power, timing marketing your home with a time with less competition and selling during the time of the year when it may be the easiest with acquiring a mortgage.
Things to consider when selling a home in Eastern CT including Ledyard, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.
This home sellers guide will help you really understand what’s taking place in our housing market and give you the confidence you will need to make the best decision for you and your family.
Things to consider when selling a home in Eastern CT including Ledyard, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.
This home sellers guide will help you really understand what’s taking place in our housing market and give you the confidence you will need to make the best decision for you and your family.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments
Selling your home? Here are some vital tips about the current real estate market that may help you sell your home for the most money, and choose the right real estate agent.
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold.
In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. For the past two years, 92% of all buyers have used the internet in their home search according to the National Association of Realtors’ latest Profile of Home Buyers & Sellers.
Selling Your Home in 2015 For MD, DC and VA Homeowners Herboso&Associates
The opportunities are there for you
If 2015 is the year you decide to make the big move
This is a must read for you
More information :
http://www.Reallynicehomes.com/selling
Things to Consider When Selling Your House (Spring 2015)
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers,
This Fall 2015 guide to market trends and how-to steps in selling your home can help you make the important decision - Is now the right time to sell? With a shortage of inventory, low interest rates and an influx of home buyers looking out there, I can say certainly now is the time to sell!
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments
Selling your home? Here are some vital tips about the current real estate market that may help you sell your home for the most money, and choose the right real estate agent.
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold.
In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. For the past two years, 92% of all buyers have used the internet in their home search according to the National Association of Realtors’ latest Profile of Home Buyers & Sellers.
Selling Your Home in 2015 For MD, DC and VA Homeowners Herboso&Associates
The opportunities are there for you
If 2015 is the year you decide to make the big move
This is a must read for you
More information :
http://www.Reallynicehomes.com/selling
Things to Consider When Selling Your House (Spring 2015)
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers,
This Fall 2015 guide to market trends and how-to steps in selling your home can help you make the important decision - Is now the right time to sell? With a shortage of inventory, low interest rates and an influx of home buyers looking out there, I can say certainly now is the time to sell!
No matter if you are into the basics of Cosmetic and Personal Care products such as shampoo, soap and cosmetics, or are in more advanced areas of herbal extracts, natural and ayurvedic products or therapeutic cosmetics, BatchMaster for Cosmetics & Personal Care has expertise in all of them. BatchMaster for Cosmetics and Personal Care is sold as a complete solution offering a broad spectrum of features, functionalities and capabilities.
How to care ? (Medlove - Berlin, November 23, 2012)Sylvain Cottong
People-centered innovation methods and strategies are entering every area of orgnaizational design these days. In healthcare, practices like service design & user experience design can help to improve the experience & the efficiency in a traditionnaly highly regulated environment that almost enterely relied on inside-out thinking and governance until recently. Paradoxcially enough, healthcare is an area of practice where the 'human' is central to everything.
We will show how these practices can help to improve healthcare and propose a topology of areas where UX & SD methods can be used, illustrated by some examples.
People across the country are beginning to think about what their life will look like next year. It happens every fall. We ponder whether we should relocate to a different part of the country to find better year round weather or perhaps move across the state for better job opportunities. Homeowners in this situation must consider whether they should sell their house now or wait. If you are one of these potential sellers, here are five important reasons to do it now versus the dead of winter.
Keeping Current Matters is my best resource to keep Greater Lansing, Michigan Sellers and Buyers informed throughout the year on the real estate market. I hope you enjoy. For local updated market reports contact me at Coldwell Banker Hubbell BriarWood for your copy mike@mikebowler.com
Things you must consider when selling your home this Fall. For more detailed information about Metro Boston and Melrose, MA real estate, contact Bill Butler at RE/MAX Leading Edge, billbutler@remax.net
KCM Keeping Current Matters is my resource for giving Buyers and Sellers in the Greater Lansing real estate market the tools they need to make good decisions. The Fall 2014 Guidebook just released for your enjoyment. Feel free to contact me at mike@mikebowler.com moving across town or across the nation.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Simpolo Tiles & Bathware
Tile ho,
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Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
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The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Dynamics 365 Bid Management for Construction ProjectsDynamic Netsoft
This PDF provides a straightforward guide to using Dynamics 365 for efficient bid management in construction projects. Learn how to streamline processes, improve accuracy, and enhance productivity with practical tips and step-by-step instructions.
https://dnetsoft.com/dynamics-365-bid-management-software
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
2. TABLE OF CONTENTS
11 5 REASONS YOU SHOULDN’T FOR SALE BY OWNER (FSBO)
16 WHERE ARE MORTGAGE INTEREST RATES HEADED?
7 5 DEMANDS TO MAKE ON YOUR REAL ESTATE AGENT
1 5 REASONS TO SELL NOW
19 FSBO’s MUST BE READY TO NEGOTIATE
6 THE IMPORTANCE OF USING AN AGENT WHEN SELLING YOUR HOME
5 DON’T WAIT! MOVE UP TO THE HOUSE YOU ALWAYS WANTED
FANNIE MAE AGREES: HIRE A PRO TO SELL20
18 TWO THINGS YOU DON’T NEED TO HEAR FROM YOUR LISTING AGENT
9 HOME PRICES OVER THE LAST YEAR
3 HOW TO GET THE MOST MONEY FROM THE SALE OF YOUR HOME
17 HOW WILL MORTGAGE RATE HIKES IMPACT HOME SALES?
10 THE IMPACT OF RISING PRICES ON HOME APPRAISALS
HOME EQUITY: YOU MAY HAVE MORE THAN YOU THINK?13
BABY BOOMERS FINDING FREEDOM IN RETIREMENT14
3. KEEPINGCURRENTMATTERS.COM 1
Here are five reasons listing your home for sale now makes sense.
1. Demand is Strong
The latest Buyer Traffic Report from the National Association of Realtors shows that buyer demand
remains very strong throughout the vast majority of the country. These buyers are ready, willing and
able to purchase… and are in the market right now!
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing supply is still under the 6 months’supply that is needed for a normal housing market.
This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in
that market. This is good news for home prices. However, additional inventory is about to come to
market.
There is a pent-up desire for many homeowners to move as they were unable to sell over the last
few years because of a negative equity situation. Homeowners are now seeing a return to positive
equity as real estate values have increased over the last two years. Many of these homes will be
coming to the market this spring.
Also, new construction of single-family homes is projected to continue to increase over the next two
years, reaching historic levels by 2017, as builders regain confidence in the market.
Put your house up for sale before this additional competition comes to market.
5 REASONS TO SELL NOW
4. KEEPINGCURRENTMATTERS.COM 2
3. The Process Will Be Quicker
One of the biggest challenges of the housing market in recent times has been the length of time
it takes from contract to closing. Banks are requiring more and more paperwork before approving
a mortgage. There are less mortgages processed during the winter months so you will save time
waiting for your buyer to be approved.
4. There Will Never Be a Better Time to Move-Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected
to appreciate by 5.2% over the next year. If you are moving to a higher priced home, it will wind-up
costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You
can also lock-in your 30 year housing expense with an interest rate near 4% right now. Rates are
projected to increase by almost three-quarters of a percent in the next 12 months.
5. It’s Time to Move On with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting.
Is money more important than being with family? Is money more important than your health?
Is money more important than having the freedom to go on with your life the way you think
you should?
Only you know the answers to the questions above. You have the power to take back control of the
situation by putting your home on the market. Perhaps the time has come for you and your family
to move on and start living the life you desire.
That is what is truly important.
5. KEEPINGCURRENTMATTERS.COM 3
HOW TO GET THE MOST MONEY FROM THE
SALE OF YOUR HOME
Every homeowner wants to make sure they maximize the financial reward when selling their
home. But how do you guarantee that you receive maximum value for your house? Here are
two keys to insuring you get the highest price possible.
1. Price it a LITTLE LOW
This may seem counter intuitive. However, let’s look at this concept for a moment. Many
homeowners think that pricing their home a little OVER market value will leave them room
for negotiation. In actuality, this just dramatically lessens the demand for your house.
(see chart below)
6. KEEPINGCURRENTMATTERS.COM 4
Instead of the seller trying to‘win’the negotiation with one buyer, they should price it so
demand for the home is maximized. In that way, the seller will not be fighting with a buyer
over the price but instead will have multiple buyers fighting with each other over the house.
In a recent article on realtor.com, they gave this advice:
“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly
informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly
underpriced, especially in areas with low inventory.”
2. Use a Real Estate Professional
This too may seem counter intuitive. The seller may think they would net more money if they
didn’t have to pay a real estate commission. Yet studies have shown that typically homes sell
for more money when handled by a real estate professional.
Recent research posted by the Economists’ Outlook Blog revealed:
“The median selling price for all FSBO homes was $210,000 last year. When the buyer knew the
seller in FSBO sales, the number sinks to the median selling price of $151,900. However, homes
that were sold with the assistance of an agent had a median selling price of $249,000 – nearly
$40,000 more for the typical home sale.”
Bottom Line
Price it at or slightly below the current market value and hire a professional. That will
guarantee you maximize the price you get for your house.
7. KEEPINGCURRENTMATTERS.COM
Now that the housing market has stabilized, more and more homeowners are considering
moving up to the home they have always dreamed of. Prices are still below those of a few
years ago and interest rates are still near 4%.
Sellers should realize that waiting to make the move while mortgage rates are increasing
probably doesn’t make sense. As rates increase, the price of the house you can afford will
decrease if you plan to stay within a certain budget for your monthly housing costs.
DON’T WAIT! MOVE UP TO THE HOME YOU
ALWAYS WANTED
5
The chart on the right
details this point.
With each quarter
percent increase in
interest rate, the value
of the home you can
afford decreases by
2.5% (in this example,
$10,000). Experts
predict that mortgage
rates will be closer to 5%
by this time next year.
Act now to get the
most house for your
hard earned money.
8. KEEPINGCURRENTMATTERS.COM
When a homeowner decides to sell their house, they obviously want the best possible price with
the least amount of hassles. However, for the vast majority of sellers, the most important result is to
actually get the home sold.
In order to accomplish all three goals, a seller should realize the importance of using a real estate
professional. We realize that technology has changed the purchaser’s behavior during the home
buying process. For the past three years, 92% of all buyers have used the internet in their home
search according to the National Association of Realtors’ latest Profile of Home Buyers & Sellers.
However, the report also revealed that 95% percent of buyers that used the internet when
searching for a home purchased their home through either a real estate agent/broker or from
a builder or builder’s agent. Only 2% purchased their home directly from a seller whom the buyer
didn’t know.
Buyers search for a home online but then depend on an agent to find the actual home they will buy
(53%) or negotiate the terms of the sale & price (48%) or understand the process (60%).
The plethora of information now available has resulted in an increase in the percentage of buyers
that reach out to real estate professionals to “connect the dots.” This is obvious as the percentage of
overall buyers who used an agent to buy their home has steadily increased from 69% in 2001.
Bottom Line
If you are thinking of selling your home, don’t underestimate the role a real estate professional can
play in the process.
THE IMPORTANCE OF USING AN AGENT
WHEN SELLING YOUR HOME
6
9. KEEPINGCURRENTMATTERS.COM
5 DEMANDS TO MAKE ON YOUR REAL
ESTATE AGENT
Are you thinking of selling your house? Are you dreading having to deal with strangers walking
through the house? Are you concerned about getting the paperwork correct? Hiring a professional
real estate agent can take away most of the challenges of selling. A great agent is always worth
more than the fee they charge, just like a great doctor or great accountant.
You want to deal with one of the best agents in your marketplace. To do this, you must be able to
distinguish the average agent from the great one.
Here are the top 5 demands to make of your Real Estate Agent when selling your house:
1. Tell The Truth About The Price
Too many agents just take the listing at any price and then try to the‘work the seller’for a price
correction later. Demand that the agent prove to you that they have a belief in the price they are
suggesting. Make them show you their plan to sell the house at that price – TWICE! Every house in
today’s market must be sold two times – first to a buyer and then to the bank.
The second sale may be more difficult than the first. The residential appraisal process has gotten
tougher. A survey showed that there was a challenge with the appraisal on 24% of all residential real
estate transactions. It has become more difficult to get the banks to agree on the contract price. A
red flag should be raised if your agent is not discussing this with you at the time of the listing.
2. Understand The Timetable With Which Your Family Is Dealing
You will be moving your family to a new home. Whether the move revolves around the start of a
new school year or the start of a new job, you will be trying to put the move to a plan.
This can be very emotionally draining. Demand from your agent an appreciation for the timetables
you are setting. Your agent cannot pick the exact date of your move, but they should exert any
influence they can to make it work.
7
10. KEEPINGCURRENTMATTERS.COM
3. Remove As Many Of The Challenges As Possible
It is imperative that your agent knows how to handle the challenges that will arise. An agent’s ability
to negotiate is critical in this market.
Remember: If you have an agent who was weak negotiating with you on the parts of the listing
contract that were most important to them and their family (commission, length of listing, etc.),
don’t expect them to turn into a super hero when they are negotiating for you and your family with
the buyer.
4. Help With Relocation
If you haven’t yet picked your new home, make sure the agent is capable and willing to help you.
The coordination of the move is crucial. You don’t want to be without a roof over your head the
night of the closing. Likewise, you don’t want to end up paying two housing expenses (whether
it is rent or mortgage). You should, in most cases, be able to close on your current home and
immediately move into your new residence.
5. Get The House SOLD!
There is a reason you are putting yourself and your family through the process of moving.
You are moving on with your life in some way. The reason is important or you wouldn’t be dealing
with the headaches and challenges that come along with selling. Do not allow your agent to forget
these motivations. Constantly remind them that selling the house is why you hired them. Make sure
that they don’t worry about your feelings more than they worry about your family. If they discover
something needs to be done to attain your goal (e.g. price correction, repair, removing clutter),
insist they have the courage to inform you.
Good agents know how to deliver good news. Great agents know how to deliver tough
news. In any market, YOU NEED A GREAT AGENT!
8
11. KEEPINGCURRENTMATTERS.COM 9
HOME PRICES OVER THE LAST YEAR
Year-over-Year Prices Regionally
Year-over-Year Prices By State
Every quarter, the Federal Housing Finance Agency (FHFA) reports on the Year-over-Year changes in
home prices. Below, you will see that prices are up year-over-year in every region.
Looking at the breakdown by state, you can see that each state is appreciating at different rates.
This is important to know if you are planning on relocating to a different area of the country. Waiting
to move may end up costing you more!
WEST SOUTH
CENTRAL
6.45%
EAST SOUTH
CENTRAL
4.35%
SOUTH
ATLANTIC
6.74%
MIDDLE
ATLANTIC
2.91%
NEW
ENGLAND
2.87%
EAST NORTH
CENTRAL
4.29%
WEST NORTH
CENTRAL
4.66%
MOUNTAIN
9.03%
PACIFIC
7.76%
USA Average
5.70%
> 8%
3.0% to 7.9%
0.0% to 2.9%
< 0.0%
VT (3.8%)
PA
NY
ME
DC (15.4%)
MD (3.1%)
DE (3.5%)
NJ (2.2%)
CT (1.1%)
RI (4.1%)
MA (3.2%)
NH (5.5%)
WA
OR
MT
ID
CA
NV 7.3%
8.3%
7.5%
4.8%
3.6%
8.2%
7.4%
12.4%
10.1%
9.4%
5.3%
4.4%
3.1% 8.0%
2.4%
2.5%
4.4%
3.3%
4.9%
5.1%
5.4%
4.7%
4.2%
UT
AZ
AK
12.7%
CO
WV
NM
WY
4.7%
ND
SD
NE
KS
OK
TX
AR
MO
IA
MN
WI
IL IN
KY
TN NC
SC
HI
OH
MI
VA
LA
MS AL GA
FL
5.0%
3.5%
4.0%
4.1%
3.8%
3.9%
-0.1%
5.3%
3.9%
1.8%
5.9%
2.6%
3.5%
6.8%
5.0%
3.1%
10.0%
12. KEEPINGCURRENTMATTERS.COM 10
The fact that residential home prices are increasing substantially in most regions of the country is
music to the ears of homeowners. However, if you are in the process of selling your home, make sure
you realize the major challenge a hot real estate market creates.
Each house must be sold twice; once to a buyer and a second time to an appraiser who
represents the bank that will grant the purchaser a mortgage to buy the home (unless it is an“all
cash”purchase). In a real estate market with escalating prices, the second sale may be the more
difficult one. The Quicken Loans Home Price Perception Index reveals that the gap between what a
homeowner believes is the value of their home compared to an appraiser has widened.
THE IMPACT OF RISING PRICES ON
HOME APPRAISALS
This could lead to an increase in the percentage of real estate transactions being challenged by a
‘short’appraisal (where the appraiser value is less than the contracted price of the home).
Bottom Line
If you are planning on selling your home, you must be prepared for this possibility as it may result in
a renegotiation of the price of the home.
13. KEEPINGCURRENTMATTERS.COM
5 REASONS YOU SHOULDN’T FOR SALE BY
OWNER (FSBO)
In today’s market, with home prices rising and a lack of inventory, some homeowners may consider
trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There
are several reasons this might not be a good idea for the vast majority of sellers.
Here are five reasons:
1. There Are Too Many People to Negotiate With
Here is a list of some of the people with whom you must be prepared to negotiate if you decide to
For Sale By Owner:
• The buyer who wants the best deal possible
• The buyer’s agent who solely represents the best interest of the buyer
• The buyer’s attorney (in some parts of the country)
• The home inspection companies, which work for the buyer and will almost always find
some problems with the house
• The appraiser if there is a question of value
2. Exposure to Prospective Purchasers
Recent studies have shown that 88% of buyers search online for a home. That is in comparison
to only 21% looking at print newspaper ads. Most real estate agents have an internet strategy to
promote the sale of your home. Do you?
3. Results Come from the Internet
Where do buyers find the home they actually purchased?
• 44% on the internet • 9% from a yard sign
• 33% from a Real Estate Agent • 1% from newspapers
The days of selling your house by just putting up a sign and putting it in the paper are long gone.
Having a strong internet strategy is crucial.
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14. KEEPINGCURRENTMATTERS.COM
4. FSBOing has Become More and More Difficult
The paperwork involved in selling and buying a home has increased dramatically as industry
disclosures and regulations have become mandatory. This is one of the reasons that the percentage
of people FSBOing has dropped from 19% to 8% over the last 20+ years.
5. You Net More Money when Using an Agent
Many homeowners believe that they will save the real estate commission by selling on their own.
Realize that the main reason buyers look at FSBOs is because they also believe they can save the real
estate agent’s commission. The seller and buyer can’t both save the commission.
Studies have shown that the typical house sold by the homeowner sells for $210,000, while the
typical house sold by an agent sells for $249,000. This doesn’t mean that an agent can get $39,000
more for your home as studies have shown that people are more likely to FSBO in markets with
lower price points. However, it does show that selling on your own might not make sense.
Bottom Line
Before you decide to take on the challenges of selling your house on your own, sit with a real estate
professional in your marketplace and see what they have to offer.
12
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HOME EQUITY: YOU MAY HAVE MORE THAN
YOU THINK
CoreLogic recently released their latest Equity Report which revealed that 759,000 properties had
regained equity in the last quarter. That means that 91% of all mortgaged properties (approximately
45.9 million) are now in a positive equity position. Anand Nallathambi, President and CEO of
CoreLogic, reported:
“For much of the country, the negative equity epidemic is lifting. The biggest reason for this improvement
has been the relentless rise in home prices over the past three years which reflects increasing money flows
into housing and a lack of housing stock in many markets.”
Obviously, this is great news for the financial situation of many homeowners.
But do they realize their equity position has changed?
A recent study by Fannie Mae suggests that many homeowners are unaware that their equity
position has changed…in some cases dramatically. For example, their study showed that 23% of
Americans still believe their home is in a negative equity position when, in actuality, only 9% of
homes are in that position.
The study also revealed that though
69% of homes had “significant
equity” (greater than 20%), only 37%
of Americans realize it.
This means that 32% of Americans
with a mortgage fail to realize the
opportune situation they are in. With
a sizeable equity position, many
homeowners could easily move
into a housing situation that better
meets their current needs (moving to
a larger home or downsizing).
Fannie Mae spoke out on this issue
in their report:
“Homeowners who underestimate their homes’ values not only underestimate their home equity, they
also likely underestimate 1) how large a down payment they could make with their home equity, 2) their
chances of qualifying for mortgages, and, therefore, 3) their opportunities for selling their current homes
and for buying different homes.”
Bottom Line
Every homeowner should be aware of the true equity in their house and also realize the
opportunities that go along with it. If you are unsure of the savings you currently have built up in
your home, contact a real estate professional to help ascertain that number. You may be surprised.
Significant
Equity
(>20%)
37%
% who believe they
have > than 20% equity
69%
% who actually have
> than 20% equity
16. KEEPINGCURRENTMATTERS.COM 14
BABY BOOMERS FINDING FREEDOM IN RETIREMENT
Within the next five years, Baby Boomers are projected to have the largest household growth of any
other generation during that same time period, according to the Joint Center for Housing Studies of
Harvard. Let’s take a look at why…
In a recent Merrill Lynch study, “Home in Retirement: More Freedom, New Choices” they surveyed
nearly 6,000 adults ages 21 and older about housing.
Crossing the “Freedom Threshold”
Throughout our lives, there are often responsibilities that dictate where we live. Whether being in
the best school district for our children, being close to our jobs, or some other factor is preventing a
move, the study found that there is a substantial shift that takes place at age 61.
The study refers to this change as “Crossing the Freedom Threshold” - when where you live is no
longer determined by responsibilities, but rather a freedom to live wherever you like.
17. KEEPINGCURRENTMATTERS.COM 15
As one participant in the study stated:
“In retirement, you have the chance to live anywhere you want. Or you can just stay where you are. There
hasn’t been another time in life when we’ve had that kind of freedom.”
On the Move
According to the study, “an estimated 4.2 million retirees moved into a new home last year alone.”
Two-thirds of retirees say that they are likely to move at least once during retirement.
The top reason to relocate cited was “wanting to be closer to family” at 29%, a close second was
“wanting to reduce home expenses.” See the chart below for the top 6 reasons broken down.
Not Every Baby Boomer Downsizes
There is a common misconception that as retirees find themselves with fewer children at home,
they will instantly desire a smaller home to maintain. While that may be the case for half of those
surveyed, the study found that three in ten decide to actually up size to a larger home.
Some choose to buy a home in a desirable destination with extra space for large family vacations,
reunions, extended visits, or to allow other family members to move in with them.
“Retirees often find their homes become places for family to come together and reconnect, particularly
during holidays or summer vacations.”
Bottom Line
If your housing needs have changed or are about to change, meet with a local real estate
professional in your area who can help with deciding your next step.
18. KEEPINGCURRENTMATTERS.COM 16
WHERE ARE MORTGAGE INTEREST
RATES HEADED?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment.
The higher the rate the greater the payment will be. That is why it is important to look at where rates
are headed when deciding to buy now or wait until next year.
Below is a chart created using Freddie Mac’s 2015 U.S. Economic & Housing Market Outlook.
As you can see, interest rates are projected to increase steadily over the course of the next year.
How Will This Impact Your Mortgage Payment?
Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest
rate can increase your monthly mortgage payment significantly.
Waiting to secure the home of your dreams may mean having to tighten the budget, or sacrificing
on luxuries that may be taken for granted today.
The experts predict that home prices will appreciate by 5.2% over the next twelve months. If both
predictions become reality, families would wind up paying considerably more for their home.
Bottom Line
Even a small increase in interest rate can impact your family’s wealth. Meet with a local real estate
professional to evaluate your ability to purchase your dream home.
19. KEEPINGCURRENTMATTERS.COM 17
When mortgage interest rates begin to climb, experts immediately begin to discuss home
affordability indexes. They calculate how an increase in rates will slow home purchases as more and
more potential buyers are priced out of the market. Today, with home prices also increasing, many
believe that home sales may slow down rather dramatically.
This may prove to be true in the long term. However, in the short term, increasing mortgage rates
may have the opposite effect. Many buyers who have been sitting on the fence may realize that
delaying their purchase no longer makes sense.
In a recent CNBC article, Matt Weaver of Florida-based PMAC Lending explained the impact an
increase in rates will have: “These increases really help the home-buying market. It really gets buyers to
really understand that ‘wait a minute, rates are at an all-time low, let’s react now, let’s react before they
go higher’.”
As an example, we can look to 2013 when interest rates spiked up by a full percentage point over a
two month period. The result is that many buyers rushed to the market on the fear that rates would
continue to climb. It didn’t necessarily increase the number of sales that year dramatically. However,
it did seem to move some sales up in the year as evidenced by the chart below:
HOW WILL MORTGAGE RATE HIKES IMPACT
HOME SALES?
We can see that the sales cycle did not follow a more normal cycle (2014) with more sales being
pushed into July and August and slightly less sales in September and August.
Bottom Line
If you are waiting to put your house on the market, think twice. Now may be the perfect time to sell
as buyer competition will continue to heat up as more purchasers jump into the market. You may
also save a pretty penny on the monthly mortgage payment on your next home by selling now
before rates shoot up.
20. KEEPINGCURRENTMATTERS.COM
You’ve decided to sell your house. You begin to interview potential real estate agents to help you
through the process. You need someone you trust enough to:
• Set the market value on possibly the largest asset your family owns (your home)
• Set the time schedule for the successful liquidation of that asset
• Set the fee for the services required to liquidate that asset
An agent must be concerned first and foremost about you and your family in order to garner that
degree of trust. Make sure this is the case.
Be careful if the agent you are interviewing begins the interview by:
• Bragging about their success
• Bragging about their company’s success
An agent’s success and the success of their company can be important considerations when
deciding on the right real estate professional to represent you in the sale of the house. However,
you first need to know they care about what you need and what you expect from the sale. If the
agent is not interested in first establishing your needs, how successful they may seem is much less
important.
Look for someone with the ‘heart of a teacher’who comes in prepared well enough to explain the
current real estate market and patient enough to take the time to show how it may impact the sale
of your home.
Not someone only interested in trying to sell you on how great they are.
You have many agents from which to choose. Pick someone who truly cares.
TWO THINGS YOU DON’T NEED TO HEAR
FROM YOUR LISTING AGENT
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FSBO’s MUST BE READY TO NEGOTIATE
In a recovering market, some sellers might be tempted to try and sell their home on their
own (FSBO) without using the services of a real estate professional. Real estate agents are
trained and experienced negotiators. In most cases, the seller is not. The seller must realize
their ability to negotiate will determine whether they get the best deal for themselves and
their family.
Here is a list of some of the people with whom the seller must be prepared to negotiate if
they decide to FSBO:
• The buyer who wants the best deal possible
• The buyer’s agent who solely represents the best interest of the buyer
• The buyer’s attorney (in some parts of the country)
• The home inspection companies, which work for the buyer and will almost always find some
problems with the house
• The termite company if there are challenges
• The buyer’s lender if the structure of the mortgage requires the sellers’participation
• The appraiser if there is a question of value
• The title company if there are challenges with certificates of occupancy (CO) or other permits
• The town or municipality if you need to get the COs permits mentioned above
• The buyer’s buyer in case there are challenges on the house your buyer is selling
• Your bank in the case of a short sale
22. KEEPINGCURRENTMATTERS.COM 20
FANNIE MAE AGREES:
HIRE A PRO TO SELL YOUR HOUSE
Do you really need an agent to sell your house in today’s market? Here’s what Fannie Mae
suggests to sellers on the Know Your Options section of their website:
“Select how you’ll market and list the home (e.g., with a real estate agent or for sale by owner).
There are pros and cons to each, but unless you are experienced at selling homes, it usually makes
financial sense to get professional help—homes sold by agents typically sell at a higher price
and spend less time on the market. An agent will also help you determine the best pricing for the
house, they’ll market the home, and they’ll be your advocate throughout the process.”
Let’s go over the points they made:
• Homes sold by agents typically sell at a higher price
• Homes sold by agents typically spend less time on the market
• An agent will help you determine the best pricing for the house
• An agent will market the home
• An agent will be your advocate throughout the process
If Fannie Mae says using an agent probably makes sense, perhaps you should interview an
agent before putting your house up for sale.