The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like, “if now is a good time to buy or sell a home, the perception of home price changes, perceived ability to qualify for a mortgage, and [an] outlook on the U.S. economy.”
The survey revealed that 75% of homeowners think now is a good time to sell, compared to 70% last quarter. This is a considerable increase from more than a year ago when 66% agreed.
Even though homeowners believe that now is a good time to sell, many have not taken the step to list their homes, as inventory shortages still exist across the country. Lawrence Yun, NAR’s Chief Economist, had this to say:
“There are just not enough homeowners deciding to sell because they’re either content where they are, holding off until they build more equity, or hesitant seeing as it will be difficult to find an affordable home to buy…
As a result, inventory conditions have worsened and are restricting sales from breaking out while contributing to price appreciation that remains far above income growth.” Home Buying Checklist
If you are wondering if now is a good time to sell your house, let’s get together to discuss the opportunities available in our market.
SOURCE: 75% of Homeowners Think Now is a Good Time to Sell! | Real Estate with Keith Kreis
5 Easy ways to Increase Your Property Value Before Selling
It’s funny how a house doesn’t feel like an investment until it comes time to sell it. All of a sudden, after years of living there, the thought of its value hits you upside the head. Hopefully, you’ve practiced good home maintenance over the years and can now focus on cosmetic changes to increase value. And these won’t cost a fortune because many are typical do-it-yourself projects. Home Buying Checklist
Lipstick on a pig
All the cosmetics in the world won’t make a pig look any prettier. Sure, if you choose those fixes carefully you can realize a tidy sum at the close of escrow. But, if the house has major problems, such as with the roof or heating system, you may end up giving that money back to the buyer for repairs. Home Buying Checklist
Need to sell your home? It’s all about the marketing !
It’s all about the marketing ! Selling your home right! Home Buying Checklist
There’s no secret to getting a home sold quickly – the more people that view it, the better your chances of a quick sale. Unfortunately, too many real estate agents take a “list and pray” attitude toward their home-selling clients – trying to get away with sticking a sign into the dirt, a lockbox on the door and two or three photos on the MLS listing. Need to sell your home? It’s all about the marketing ! Home Buying Checklist in Naperville, Bolingbrook, Plainfield, Oswego, Downers Grove, Lisle, Yorkville, Woodridge, Aurora
Sure, that might work in a hot sellers’ market, but it may also fail. Are you willing to take that chance? Since you will pay the same amount for the list-and-pray agent as you will for the guerilla marketer, shouldn’t you do your best to find the latter and eschew the former? Home Buying Checklist