Home Selling

Buying Are we Heading into a Balanced Market? Sellers have had the upper hand, but with growing inventory, is that about to change? A balanced market, with a five-to-seven-month supply of homes, gives neither buyers nor sellers an advantage. Is that where we’re headed? Check out the graph below using data from the National Association of Realtors (NAR) to see where inventory stands. […]
Home Selling 4 Things in Your House that Turn Off Potential Buyers 1. That weird odor – We all become desensitized to the scents in our environment. Make sure your home passes the smell test by bringing in a trusted friend for a tour, especially if you’re a smoker, own pets or have experienced moisture issues. 2. Cluttered, crowded spaces – Less is more when it comes […]
Home Selling What is 1031 exchange? A 1031 exchange, also known as a like-kind exchange, is a provision in the United States tax code that allows real estate investors to defer capital gains taxes when they sell a property and reinvest the proceeds into another property of equal or greater value. This exchange is named after Section 1031 of the Internal […]
Home Selling Transform Your Space: Discover the Beauty of Natural Shades! Neutral shades are indeed popular choices for interior walls because they can complement various design styles and allow for easy coordination with different decor elements. Additionally, light-colored neutral paints can help reflect and amplify natural light, making a space feel more open and airy. Some popular neutral paint colors that are known for their versatility […]
Home Selling The Two Big Issues the Housing Market’s Facing Right Now! The Two Big Issues the Housing Market’s Facing Right Now Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding the right property.” Rate-Locked Homeowners According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):     […]
Home Selling Three home selling mistakes It’s not hard to make home selling mistakes. After all, selling a home isn’t something you do every day. So, learn from others’ mistakes. Take a look at three of the biggies we see in our real estate practice. 1. Don’t disregard the value of curb appeal Curb appeal does add perceived value to the […]
Home Equity Preposition 19 Copy Proposition 19 made changes to property tax assessment rules and inheritance provisions in the state.The main provisions of Prop 19 included:Here are some key points to consider before you vote. 1. Help move closer to family – Prop 19 provides housing relief to senior and desired homeowner so they can afford to move closer to […]
Buying What’s Ahead for Home Prices in 2023! Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. […]
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