Thursday, January 2, 2020 / by Nicole Solari
Seniors Should Ask Themselves These Questions Before Downsizing
Downsizing a home can be freeing for many seniors. With a smaller home comes less responsibility and fewer expenses. But before seniors can begin enjoying these perks, they need to decide what to do with their current home. If you are downsizing your home, asking yourself these questions can help you make the best decision for you and for your home.
Do You Know How Much Home You Can Afford?
Whether you are selling your home to pay for the new one or funding your home purchase another way, figuring out affordable home options is important. To do this, you will need to determine how much you will need for a down payment, as well as how much you can put towards housing expenses each month. Carefully calculating these expenses will encourage you to set a reasonable budget for your smaller home and prevent you from purchasing more home than you can actually afford in retirement. In settingg ...
Wednesday, May 29, 2019 / by Nicole Solari
Thursday, August 23, 2018 / by Nicole Solari
Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:
There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros
About 14% of all listings had a price cut in June
Since the beginning of the year, the share of listings with a price cut increased 1.2%
This is the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year
Senior Economist Aaron Terrazas further explained:
“A rising share of on-market listings are seeing price cuts, though these price cuts are concentrated at the most expensive price-points and primarily in markets that have seen outsized price gains in recent years.”
What this DOESN’T MEAN for the real estate market…
This doesn’t mean home values have depreciated or are about to depreciate. ...
Tuesday, December 26, 2017 / by Hayley Baker
TOP 5 REASONS YOU SHOULDN’T 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 why this might not be a good idea for the vast majority of sellers.
Here are the top five reasons:
1. Exposure to Prospective Buyers
Recent studies have shown that 95% of buyers search online for a home. That is in comparison to only 17% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?
2. Results Come from the Internet
Where did buyers find the home they actually purchased?
49% on the internet
31% from a Real Estate Agent
7% from a yard sign
1% from newspapers
The days of selling your house by just putting up a sign and putting it in the paper are lon ...