Posts with tag 'selling your home'

The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.¹

 But while some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability.

 So what's driving this persistent demand? And is there an end in sight?

Here are three factors impacting the real estate market right now. Find out how they could affect you if you're a current homeowner or plan to buy or sell a home this year.

 MORTGAGE RATES ARE RISING F...

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Some Highlights

What does the rest of the year hold for the Houseing Market? Here's what experts have to say about what lies ahead.

Home Prices are projected to rise and so are mortgage rates.  Experts are also forecasting another strong year for home sales as people move to meet their changing needs. 

Connect with a Montague Miller & Co local real estate professional so you can make your best move this year.

Resources: Keeping Current Matters, CoreLogic, Freddie Mac, Fannie Mae, NAR, Calculated R...

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We're still in a seller's market, but that doesn't mean your home is guaranteed to easily sell.¹ If you want to maximize your sale price, it's still important to prepare your home before putting it on the market.

Start by connecting with a real estate agent as soon as possible. Having the eyes and ears of an insightful real estate professional on your side can help you boost your home's appeal to buyers. What's more, beginning the preparation process early allows you to tackle repairs and upgrades that can increase your property's value.

Use the checklist below to figure out what other tasks you should complete in the months leading up to listing your home. While everyone's situation is unique, these guidelines will help you make sure you're ready to sell when the time is right. Of course, you can always call us if you're not sure where to start or what to tackle first. We can help customize a plan that works for you.

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Highlights

• Today's housing market is the direct result of low supply and high buyer demand. Here's what that means for you and your plans to buy or sell.
• For buyers, expect competition, be ready to move fast, and be prepared to submit your strongest offer. For sellers,  know your house will be the center of attention  and that it'll likely sell quickly and get multiple offers.
• If you're ready to move, let's connect to talk about our local area and how you can take advantage of today's u...

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If you're planning to sell this year, you're probably thinking about what you'll need to do to get your house ready to appeal to the most buyers. It's crucial to work with a trusted real estate professional who knows your local market to get your home ready to sell. But there are a few things you should consider when deciding what to renovate and update before listing this season. Here are three things to keep top of mind as you're making your list of projects to tackle this year.

1. The Number of Homes for Sale Is Very Low

Housing Inventory sits far below what is normally considered a balanced market. In fact, according to the National Association of Realtors (NAR), the latest data indicate...

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