Blog tagged as Selling Myths

Over the last 20 years I have come across a couple of similar situations about selling a home when it needs to be fixed up first. Here are a couple of new options.

If one of the goals on your list is selling your house a great way to balance all those emotions and make sure you’re confident in your decision is to keep these three best practices in mind when you’re ready to sell.

If you put off moving because you’re worried home prices might drop, make no mistake, they’re not going down. In fact, it's just the opposite. National data from several sources says they’ve been going up consistently this year.

Lending standards have tightened, leading to more qualified buyers who can afford to make their mortgage payments. Data from Freddie Mac and Fannie Mae shows the number of homeowners who are seriously behind on their mortgage payments is declining.

Buyers are still out there touring homes. In fact they’re more active than they were in May 2022 and certainly more than they were in the last normal years.

To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels.

One of the reasons prices didn’t crash like some expected is because there aren’t enough available homes for the number of people who want to buy them. Even with today’s mortgage rates, there are more people looking to buy than there are homes available for sale.

Homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.