Sunday, March 7, 2021 / by Cindy Hurley
While the COVID-19 pandemic wreaked havoc across the globe, and many states issued lockdowns for everything deemed nonessential, the real estate market came back strong in 2020. With the pandemic still affecting daily lives, you can expect to see it shape real estate in 2021; let’s take a look.
March 2020’s lockdown sent real estate transactions to a grinding halt, forcing all industry areas to rethink how they do business. In fact, much of the technology used during the pandemic existed but wasn’t widely adopted. With virtual tours, remote showings, and digital closings now the norm, the real estate industry shouldn’t be flipped on its head during a virus surge.
Remote work will encourage more moves
Many employers are expected to make many positions permanently remote in the coming months. With more companies embracing remote jobs, employees are free to choose where they want to reside without having to factor in commutes.
Thursday, January 31, 2019 / by Cindy Hurley
According to new research from lender Freddie Mac, every generation—from millennials to Gen Xers to Baby Boomers—are continuing to rent because they think it's saving them money. According to the report, 76% of Millennials, 75% of Gen Xers, and 81% of Baby Boomers said renting was the more affordable option. But with rents rising across the country, that's just no longer the case. According to the most recent Market Outlook Report from Realtor.com, rents rose year over year in nearly ¾ (73%) of counties across the United States. And according to Trulia, it is now more affordable to own a home than to rent in a whopping 98% of the largest metro markets in the US.
The misconception that renting is more affordable than homeownership is not only costing renters of every generation money, it's also costing them the ability to own their own home. If you've been renting because you believe it's saving you money—no matter how old you are—it ...
Thursday, January 3, 2019 / by Cindy Hurley
When homeowners are preparing to put their properties on the market, one aspect is usually foremost in their minds: money. Setting the asking price accurately can mean the difference between getting an offer quickly and having a house languish for months, drawing little interest. With that in mind, it's important that potential sellers block out a lot of the noise that often surrounds the intricate art and science of pricing. There are plenty of myths that may cause sellers to lose sleep at night as they attempt to separate fact from fiction. The following are statements that can stand in the way of a successful sale.
1. 'If we keep waiting, a better offer will come along!'
When sellers receive an offer from the first showing, they may be skeptical or hesitant to accept it, wondering if other prospective buyers would be inclined to pay more. Thoughts of potential bidding wars could cause sellers to want to wait and see who else falls for their place. But, remember the ...
Monday, June 4, 2018 / by Cindy Hurley
When you're getting ready to list your home, the general mindset is to get it on the market as quickly as possible, so that it will sell as quickly as possible. This may not be the best plan of attack according to Redfin's Data Driven Selling Tips. Read more below.
What’s The Best Day to Put My House on the Market?
Thursday. Homes that hit the market Thursday typically sell faster and for more money, with more than one in five getting above asking price. Homes listed on Thursdays in April do even better, with one in four going for above asking price.
Wednesday’s Price Advantage
Homes listed on Wednesday had an advantage of $2,023 in sale price over homes listed on a Sunday, a sale-to-list premium of 0.53 percent. For a $500,000 house, that means you could make $2,650 more just by listing on a Wednesday instead of a Sunday.
Thursday’s Speed and Certainty Advantage
For speed, Thursday had a clear advantage, with Thursday- ...
Friday, September 15, 2017 / by Cindy Hurley
If you're dabbling in the real estate market, no doubt you've noticed that some Realtors® have designatory letters after their name, implying that they have certifications in certain areas of real estate. Unfortunately, the average Joe has no idea what these mean, just that it makes a real estate agent look ritzy. Here we will explain this enigma to help you with choosing the agent that's right for you and your personal situation. For more information on any of these Designations or organizations, click the links. This list is quite extensive, so we have sorted them alphabetically and added logos for each designation so you can locate what you're looking for quickly.
First, in order to understand these designatons, who is NAR??
NAR - National Association of Realtors®
The National Association of Realtors® represents 1.2 million members. Membership is composed of residential and commercial brokers, salespeople, property mana ...