Selling your home quickly and at the right price takes more than just listing it online. To draw in potential buyers and secure top offers, your home needs to stand out. That’s where home staging comes in. By strategically preparing your home—through redecorating, repairing, and making it look its best—you can make a lasting impression and significantly increase its appeal. The numbers speak for themselves: according to the National Association of Realtors, 81% of buyers’ agents report that staging makes it easier for potential buyers to envision themselves living in a home. Moreover, 44% of buyers’ and sellers’ agents say that staging can increase a home’s sales price, and 48% of sellers' agents agree it shortens the time a house spends on the market.1 You can choose to stage your home yourself with advice from your real estate agent or work with a professional stager. Whichever route you take, here are seven essential strategies to transform your home into a buyer’s dream. Step #1: Declutter and Depersonalize The first step in staging is to declutter and depersonalize your home. A recent survey of real estate agents found that this simple step can increase your home’s sale price by 3-5%.2 Ideally, you want to create a clean, neutral canvas where potential buyers can imagine their own lives. Remember that staging isn’t interior design—the goal isn’t to add personal, homey touches but to take them away.3 While you may love having plenty of comfy furniture, family photos, and unique knick-knacks, these items can distract potential sellers and make your home feel smaller.4 Be especially mindful to remove children’s toys and pet items. The task can feel overwhelming, but consider it a head start on packing for your move — and an opportunity to clear out things you no longer need. If you have a lot of belongings, renting a storage unit might be a smart way to keep things tidy while your home is on the market. Step # 2: Deep Clean and Repair A sparkling clean home leaves a fantastic first impression. Deep clean every room, paying special attention to areas that are often overlooked, like baseboards, windows, and appliances. Even minor smudges, scrapes, or signs of pet hair can put off some buyers. Your goal? Make it look like no one has ever lived there!5 Minor repairs are equally important. Fix slight imperfections like chipped paint, regrouting tiles, and replacing worn hardware. These easy cosmetic updates make a big difference in how buyers perceive your home’s value. For example, refinishing hardwood floors can offer a 147% return on investment.6 Need help getting your home spic-and-span? Let us recommend a professional who can help. Step #3: Pick Up a Paintbrush While buyers may repaint after they move in, the color and condition of your walls still have a big impact on their impression of the home as a whole. Neutral tones like beiges and off-whites appeal to the widest range of buyers—and to the friends and relatives who are also weighing on purchasing decisions.7 If your home features bold colors or striking wallpaper, consider a repaint before you list. When choosing paint colors, make sure to think about how they’ll appear in listing photos and videos. Light, neutral shades can make rooms look brighter and more spacious. Repainting is especially important in high-traffic areas like the kitchen. Painting outdated cabinets in white or a soft gray can also modernize your space.8 Step #4: Enhance Curb Appeal First impressions matter, and your home's exterior is the first thing buyers will see. That’s why 98% of agents believe that curb appeal is crucial to attracting a buyer.9 Boost your home’s curb appeal by power-washing the exterior and touching up your deck’s varnish.5 You might also consider repainting your front door. Research shows that a freshly painted front door in a classic shade like black or terracotta can increase offers by thousands of dollars.10 And don’t forget landscaping! Keep your lawn tidy, remove dead or dying plants, and consider adding seasonal flowers. Even standard lawn service can lead to a 217% return on investment.9 If you need assistance, we’re happy to offer a referral to landscapers in our area. Step #5: Stage Key Rooms When staging, concentrate on the rooms that matter most to buyers: the living room, primary bedroom, and kitchen. These spaces have the greatest influence on a buyer’s decision.1 If you’re working with a professional stager, they may bring in furniture and decor.3 If not, make the most of what you have, and don’t worry about how you’d arrange furniture in real life. This is just about showing off the space. Arrange furniture to create an open, inviting flow.5 Use large rugs to make rooms appear bigger and ensure artwork complements rather than overwhelms the space.7 Add pops of color with fresh flowers or simple decor like pillows to bring warmth without personalizing the space too much.   Step #6: Put Your Home in Its Best Light Lighting is key to creating a welcoming atmosphere in your home. Natural light in particular makes any room feel more airy and spacious, so it’s essential to make the most of it. First, remove heavy curtains or blinds — if a room feels bare without a window treatment, hang sheer curtains or light-filtering shades to invite the outdoors in. Next, take a look at the landscaping surrounding your home. If overgrown hedges or trees block windows, especially on the ground floor, consider cutting them back or removing them entirely to let in the sunshine. Of course, homes need more than just natural light — and it’s important to use a combination of types of lighting to suit different uses and moods. Experts recommend that each room have three light sources: ambient lighting (think ceiling lights or chandeliers), task lighting (like lamps or under-cabinet lights), and accent lights (like track lighting and picture lights).11 If needed, replace outdated fixtures with more modern options.12 Even swapping out lightbulbs can make a difference—opt for warm, 2700k bulbs to create an inviting glow.7 Have hard-to-reach windows or need help installing new lighting fixtures? We’re happy to refer a professional who can help. Step #7: Show Off Your Work with Photography These days, most buyers will first see your home online, making high-quality photos essential. According to the National Association of Realtors, 89% of agents agree that professional photos are critical to marketing a listing.1 Depending on your home and market, you may also benefit from marketing your property with videos, virtual tours, and even virtual staging, where photo editors swap out furniture and colors to show how your home would look with different decor. Talk to your agent about what makes sense for your situation, and work with them to hire professionals who can capture your staged home in its best light. When it comes time, treat the photo shoot like an open house—everything should be spotless, well-lit, and arranged to show off your home’s best features.   BOTTOMLINE Whether or not staging is worth the investment depends on your home’s condition, your desired sale timeline, and your local market. Before committing to professional help or cosmetic upgrades, reach out for a free consultation. We can help you assess the best path forward and connect you with the best professionals to make it happen.   The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.   References: National Association of Realtors - https://www.nar.realtor/sites/default/files/documents/2023-profile-of-home-staging-03-30-2023.pdf Homelight - https://www.homelight.com/blog/how-to-clean-out-a-house-to-sell/ National Association of Realtors - https://www.nar.realtor/blogs/styled-staged-sold/6-things-home-stagers-wish-real-estate-pros-knew-about-staging Coldwell Banker - https://blog.coldwellbanker.com/home-staging-mistakes-to-avoid/ Zillow - https://www.zillow.com/learn/how-to-stage-house-to-sell/ NAR - https://www.nar.realtor/magazine/real-estate-news/stub-for-148394 House Beautiful - https://www.housebeautiful.com/design-inspiration/real-estate/a61712558/how-to-make-your-house-sell-over-asking-according-to-professional-home-stagers/ HGTV - https://www.hgtv.com/lifestyle/real-estate/15-secrets-of-home-staging-pictures National Association of Realtors - https://cdn.nar.realtor//sites/default/files/documents/2023-03-remodeling-impact-outdoor-features-03-17-2023.pdf  Zillow - https://www.zillow.com/learn/what-color-paint-front-door/  Martha Stewart -https://www.marthastewart.com/2126982/how-to-layer-your-lighting Martha Stewart - https://www.marthastewart.com/outdated-lighting-trends-8421744 

  When you've lived somewhere for many years, it can be tough to say goodbye. But if you (or a loved one) currently have a home that is bigger than necessary or is too high maintenance, it may be time to trade unused square footage for a smaller, more manageable space. Take it from the downsizers who’ve been there: Although living small might require some adjustments, it can also be liberating––especially if you're in a stage of life where past responsibilities have given way to new possibilities and adventures.  In fact, many downsizers report feeling invigorated by the change, according to real estate journalist and author Sheri Koones. “It scares people to think of moving into a smaller space,” said Koones to the Associated Press. “But every single person I interviewed who has made the transition says they are so happy they did.”1 The key is to find somewhere you can live well and move around comfortably, without feeling overly restricted. If you like the idea of aging in place or are already in your golden years, you may also want to look for signs that a new home can conveniently age with you. With that in mind, we recommend focusing your search around three key factors: desired lifestyle, optimal design, and long-term accessibility. Read on for specific tips, then call us for a free consultation. We can help you identify the types of homes that are best suited to living large with less. Do you have a loved one whose housing needs have changed? Share this information to help start a conversation about the benefits of downsizing.   DESIRED LIFESTYLE   The best part of downsizing is the lifestyle you unlock when you trade square footage for convenience. With fewer chores and home maintenance tasks to worry about, you can instead channel your energy into other pursuits. For example, instead of spending your afternoons working in the yard or cleaning, you can catch up on the news, read a bestseller, start a new craft project, or pursue other hobbies. You may even be able to travel or spend more time with friends and family. Research shows that individuals over the age of 65 report more life satisfaction when they have the opportunity to spend time around children, talk with friends, socialize in community centers, volunteer, or engage in hobbies. But that can be hard to do regularly when you've got a home that needs constant attention or you live far from your community.2 As you compare potential homes, keep in mind the type of lifestyle you envision. Do you plan to travel? If so, a home with extra security, such as a condominium or gated community, may give you some welcome peace of mind. Or do you plan to have friends and family stay overnight? In that case, you may want to look for a floor plan with flex space or a property that has access to separate guest suites. Alternatively, a senior community that offers catered meals and housekeeping may be a better choice if you or a spouse need extra support.  Action item: Grab a pen and take some time to envision what your ideal future might look like. Write down the activities and hobbies you hope to add to your life or continue with going forward, as well as the chores and responsibilities you'd love to drop. We can use those answers to help shape your house hunt.   OPTIMAL DESIGN Even though your new home will be smaller, that doesn't mean it has to feel cramped. As Koones explains, “The key is to have a home that is efficiently designed, both in terms of energy use and in terms of space.”1 Look for features that can help make a space feel bigger, like high ceilings, large windows, and an open layout. Built-in shelving that extends all the way to the ceiling can also make a small room feel more expansive by helping to draw the eye upward. The same goes for highly placed window treatments and striped or mural-style wallpaper, says interior designer, Kati Greene Curtis. “You’ll feel like you’re walking into the scene,” said Curtis to the Washington Post.3 Efficient layouts with flexible, multi-purpose rooms and few, if any, hallways work especially well for small-scale living. You can also limit dead space in a home by steering clear of layouts with awkward corners, unusable nooks, and other space-eating design elements. In addition, look for features that support a simpler, lower-maintenance lifestyle, such as easy-care floors, durable countertops, and bare walls with little, if any, crown molding. Don’t write off a home too soon, though, if it feels narrow or congested because of outdated design or poor staging. Cosmetic issues that visually shrink a space are often easy to fix. For example, you can instantly make a room feel bigger just by painting it a lighter shade. Adding mirrors and swapping out heavy curtains for sheer ones can also be effective. Plus, utilizing multipurpose furniture with hidden storage is a great way to maximize space. Action item: Make a note of your must-keep furniture and other items. Then pull out a measuring tape and write down the dimensions. Once it's time to visit homes, we'll have a more accurate sense of what will fit and how much space you’ll need. To get your creative juices flowing, you may also want to flip through some design magazines that specialize in compact living or catalogs that feature space-saving furniture and accessories. If you give us a list of your favorite features, we can use it to pinpoint homes that are a good match.   LONG-TERM ACCESSIBILITY  Buying a home that you can age well in can be a great way to boost your health prospects and happiness. According to the U.S. Department of Housing and Urban Development (HUD), homeowners who age in place instead of in an institutional environment not only save money over time, they also enjoy greater health and emotional benefits.4 Aging in place is also popular. According to survey findings from the National Poll on Healthy Aging, the vast majority of adults between the ages of 50 and 80 would prefer to age in their own homes.5 But even though many adults want to age in place, only 34% of surveyed adults currently live in a home with the features to make it possible.5 If you're already in the second half of your life, then it's smart to prioritize accessibility now, even if you're highly mobile. Choosing an accessible home will improve your odds of staying put for longer. Plus, you never know when you might need an accessible light switch, handrails in the bathroom, or a seat in the shower, says Sheri Koones. “Yes, older people with disabilities need them, but even younger people break a leg skiing, or have situations where they want a barrier-free shower.”1  As you consider your options, try to imagine what your needs might be as you get older and be proactive in identifying potential obstacles, recommends the National Council on Aging (NCOA).6 For example, a single-level home or one with wide enough stairs for a stair lift or access to an elevator may be a more practical choice than a home with lots of narrow stairs. Alternatively, a home with at least one ground-level bedroom and bathroom may also work well for you. Consider your needs outside the home, as well: If you frequently visit the doctor, grocery store, or community center, for example, then you may benefit from choosing a property nearby. Action item: Review the checklist below, adapted from the National Institute on Aging’s home safety worksheet, or download the full version from the agency’s website.7 Highlight the items that are most important to you. We can reference these guidelines as we consider potential homes and suggest ways to adapt a property to meet your current or future requirements. HOME SAFETY CHECKLIST 7 ●      If a walker or wheelchair is needed, can the entrances to the house be modified — perhaps by putting in a ramp to the front door? ●      Are there any tripping hazards at exterior entrances or inside the house? ●      Are the hallways and doorways wide enough to accommodate a wheelchair if needed? ●      Does the home have at least one ground-floor bedroom and bathroom? ●      Are there any staircases, and if so, could they accommodate a stair lift? ●      Is the house well-lit, inside and out, particularly at the top and bottom of stairs? ●      Could handrails be installed on both sides of the staircase? ●      Is there at least one stairway handrail that extends beyond the first and last steps on each flight of stairs? ●      Are outdoor steps sturdy and textured to prevent falls in wet or icy weather? ●      Are there grab bars near toilets and in the tub or shower? ●      Have a shower stool and hand-held shower head been installed to make bathing easier? ●      Is the water heater set at 120° F to avoid scalding tap water? ●      Are there safety knobs and an automatic shut-off switch on the stove? ●      Have smoke and carbon monoxide alarms been installed near the kitchen and in all bedrooms? ●      Are there secure locks on all outside doors and windows?   BOTTOMLINE  You don't have to compromise on comfort to downsize successfully. We can help you strategize your next move and identify the best new home for you—whether that's a smaller home for rent or another one to call your own. We take pride in offering a full-service real estate experience and assisting our clients through all stages of the real estate journey. And we’ll go the extra mile to maximize your current home's sales price so that you’re set up for financial security. The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.   Sources: Associated Press (AP) - https://apnews.com/article/lifestyle-f094372b46bae82020c174907eb953c0 Healthcare (Basel) - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10671417/ Washington Post - https://www.washingtonpost.com/home/2023/02/07/make-small-room-appear-larger/ HUD User - https://www.huduser.gov/portal/periodicals/em/fall13/highlight2.html National Poll on Healthy Aging - https://www.healthyagingpoll.org/reports-more/report/older-adults-preparedness-age-place National Council on Aging (NCOA) - https://www.ncoa.org/adviser/medical-alert-systems/downsizing-for-aging-in-place/ National Institute of Health (NIH) - https://www.nia.nih.gov/sites/default/files/2023-04/worksheet-home-safety-checklist_1.pdf

Spring Portland Real Estate Market: The Perfect Opportunity to Sell Your Home The spring real estate market is often considered an ideal time to sell a house, with many homeowners choosing to list their properties during this season. While it's true that any time of the year can be great for selling a home if it's priced right and marketed effectively, there's something about the energy of the spring market that seems to encourage quick sales and top dollar offers. However, there are also more sellers to compete with during this time, which can make it harder to stand out. This spring, though, the situation is a bit different. A Unique Spring Market Due to Seller "Strike" As reported by Yahoo, a significant number of sellers have decided not to list their homes for sale this spring. The reason behind this trend isn't a coordinated effort among homeowners; rather, many people currently enjoy incredibly low mortgage rates on their existing properties. This has led some to hold onto their homes instead of entering the market and potentially facing higher mortgage rates on a new property. This unique situation presents an opportunity for other homeowners who are considering selling their homes this spring. Reasons to Sell Your Home This Spring Regardless of whether you have a low mortgage rate on your current home, there are several reasons why selling this spring might be the right move for you: Relocating to a lower-cost area: If you're thinking about moving to an area with more affordable housing or living costs, now is an excellent time to sell your current home and benefit from the high prices in your current location. Job-related relocation: Although you can't always choose the timing of a job-related move, if you have any control over the process, this spring could be the perfect time to sell. Moving closer to family: If you want or need to be closer to aging parents, children, or grandchildren, selling this spring could provide the ideal opportunity. Divorce: Deciding when to sell a home due to divorce can be difficult, but if you're in the process and anticipate needing to sell within the next year, this spring market might make the most sense. Downsizing: If you have too much space or have recently become an empty nester, consider selling your larger home this spring to capitalize on the demand for spacious properties. Dissatisfaction with your current location: Life is too short to live somewhere you don't love. Advantages of Selling Your Home This Spring If any of the above scenarios apply to you, it's worth considering the current market conditions that make this spring an opportune time to sell: High house prices: Although prices have dipped in some areas, they remain higher than they were just a few years ago. According to economist Robert Shiller, home prices are still very high by historical standards. Potential for future price declines: While no one can predict when or how much home prices will fall, historical trends suggest that a dip may be on the horizon. Reduced competition from other sellers: There have been fewer homes on the market than there are buyers for the past few years, but listings are even scarcer this year. CNBC reports that listings are down 20% compared to last year and half the amount available in 2019, before the pandemic-driven market surge. Impending wave of Baby Boomer sellers: Many experts have predicted that a large number of Baby Boomers will eventually decide to sell their homes, potentially leading to an influx of listings that could affect the speed and price of your sale. Conclusion: Strike While the Iron Is Hot This unique spring market, characterized by a seller "strike" and historically high home prices, presents a prime opportunity for homeowners considering selling their homes. With reduced competition and strong demand, now could be the perfect time to capitalize on favorable market conditions and make the most of your home sale. Don't miss out on the chance to strike while the iron is hot and secure the best possible outcome for your real estate transaction this spring. Get Your Free Market Analysis Today Are you ready to capitalize on the favorable conditions of Portland's spring real estate market? Don't miss out on the opportunity to get the best possible outcome for your home sale. Contact us today for a free, no-obligation market analysis of your property. Our team of experienced real estate professionals will provide you with an accurate assessment of your home's value, along with personalized advice on how to maximize your profit in the current market. Take the first step towards a successful home sale by calling us at 503-910-7364 or filling out the contact form on our website. Let us help you make the most of the Portland spring real estate market and secure the best possible outcome for your property. Don't wait – get your free market analysis today!

Are You Thinking About Moving to Tigard Tigard's Allure: The Gem of Oregon Unearth the captivating charm of Tigard, Oregon and learn why this delightful city is an ideal place to call home. Nestled in the heart of the picturesque Pacific Northwest, Tigard offers an exceptional blend of natural beauty, thriving businesses, and a warm, inviting community. Experience a comfortable lifestyle with a livable salary that allows you to enjoy all the wonders of this enchanting city. Immerse yourself in the rich culture of Tigard, where you can explore a variety of art galleries, attend local theater performances, and participate in numerous community events. The city is known for hosting popular events such as the Tigard Balloon Festival and the Tigard Farmers Market, which bring together residents and visitors alike to celebrate the vibrant spirit of the community. Outdoor enthusiasts will adore Tigard's abundant recreational opportunities, including scenic hiking trails, well-maintained parks, and beautiful golf courses. The Fanno Creek Greenway Trail and the Tualatin River National Wildlife Refuge are just two examples of the many natural gems you can find within Tigard's city limits. Families and individuals alike can thrive in Tigard, thanks to the city's excellent public services, friendly neighborhoods, and a wide array of local businesses. From top-rated healthcare facilities like Legacy Meridian Park Medical Center to the bustling Bridgeport Village shopping center, Tigard provides residents with all the essential amenities needed for a fulfilling life. Now is the perfect time to make the move to Tigard, Oregon, and experience all the incredible benefits this captivating city has to offer. With its enchanting allure, thriving economy, and diverse cultural scene, Tigard is a city that promises a bright and exciting future for all who call it home. Find your dream home in Tigard today   Real Estate Snapshot: Tigard's Market Trends Stay informed and make educated decisions with the most up-to-date Tigard real estate market trends. Our comprehensive graphic provides valuable insights into the ever-evolving housing landscape, ensuring you have the knowledge to make the best choice when considering purchasing a home in this flourishing community. Gain a deeper understanding of the factors affecting the local real estate market, including median home prices, inventory levels, and average days on the market. Staying informed about these key metrics will help you navigate the dynamic Tigard housing market with confidence. Explore the various neighborhoods within Tigard, each with its unique characteristics and housing options. By understanding how different areas of the city are performing in terms of real estate, you can make a more informed decision when choosing the perfect location for your new home. Stay ahead of the curve by monitoring the most recent real estate data and forecasts for Tigard. This valuable information can help you anticipate market shifts and identify opportunities to make strategic investments or purchase your dream home at the optimal time. Armed with the latest Tigard real estate market trends, you'll be well-prepared to navigate the city's dynamic housing landscape and make the best choices for your future home. Whether you're a first-time homebuyer or a seasoned investor, staying informed about the Tigard housing market is essential for success. Stay ahead with Tigard's real estate insights   Home Sweet Home: Tigard's Popular Home Styles Tigard is a city that embraces a diverse array of architectural styles, catering to a variety of tastes and preferences. From charming Craftsman homes to modern townhouses and spacious family residences, Tigard offers a unique blend of styles that make it easy to find your perfect dwelling. Craftsman Homes: These timeless homes are characterized by their detailed craftsmanship, natural materials, and cozy front porches. With their functional layouts and warm, inviting atmosphere, Craftsman homes are a popular choice among Tigard residents. Modern Townhouses: For those seeking a contemporary and low-maintenance lifestyle, Tigard's modern townhouses provide an ideal solution. These sleek residences often feature open-concept floor plans, energy-efficient designs, and stylish finishes that cater to today's discerning homebuyers. Traditional Family Homes: Spacious and comfortable, traditional family homes in Tigard are perfect for those in need of ample living space and a welcoming community. These homes often feature large yards, open floor plans, and a variety of amenities that make them ideal for growing families. Mid-Century Modern Homes: With their clean lines, open floor plans, and large windows, mid-century modern homes in Tigard offer a unique blend of style and functionality. These architectural gems are highly sought-after for their timeless design and connection to the outdoors. Luxury Estates: For those in search of the finest homes Tigard has to offer, luxury estates provide unparalleled elegance and sophistication. These magnificent residences often boast custom finishes, state-of-the-art amenities, and breathtaking views of the surrounding landscape. No matter your architectural preferences or lifestyle needs, Tigard has a diverse range of home styles that cater to all tastes. Dive into the city's vibrant housing market and discover the perfect home to suit your unique desires.  Browse Tigard's diverse home styles   A Vibrant Community: Tigard's Treasured Amenities Embrace the vibrant community of Tigard and indulge in the numerous local amenities that cater to a wide array of interests and lifestyles. From delicious dining options to picturesque parks, iconic landmarks, and recreational facilities, Tigard offers a diverse selection of experiences for residents and visitors alike. Restaurants and Cafés: Tigard boasts a thriving culinary scene with an array of delightful restaurants, cozy cafés, and lively bars. Satisfy your cravings at popular eateries like Thirsty Lion Gastropub or enjoy a sweet treat from the locally-renowned Symposium Coffee or some great food from The Cheesecake Factory. Parks and Green Spaces: The city is home to numerous well-maintained parks that offer residents a chance to connect with nature and enjoy outdoor activities. Take a leisurely stroll through Summerlake Park or embark on a scenic hike along the trails of Fanno Creek Greenway. Landmarks and Cultural Attractions: Tigard is rich in history and culture, with several iconic landmarks and attractions that showcase the city's unique heritage. Visit the John Tigard House Museum for a glimpse into the past or attend a live performance at the Broadway Rose Theatre Company. Shopping and Entertainment: Shop to your heart's content at Tigard's bustling shopping centers like Bridgeport Village or Washington Square Mall. Catch the latest blockbuster at the Regal Tigard 11 movie theater or enjoy a fun-filled day at the BIG Al's Entertainment Center.   With such a wide variety of amenities and experiences to choose from, Tigard promises an exciting and fulfilling lifestyle for residents of all ages and interests. Whether you're a nature lover, a foodie, or a culture enthusiast, there's always something new to discover in this dynamic city. Experience Tigard's vibrant community   Education in Tigard: Fostering Bright Futures In Tigard, education is a top priority, with a strong commitment to providing students with the tools and resources they need to succeed. The city is home to numerous highly-rated schools that offer quality education and nurturing environments for learners of all ages. Elementary Schools: Tigard's elementary schools, such as Alberta Rider Elementary School and Durham Elementary School, provide a solid foundation for young learners. These schools emphasize core subjects and foster the development of essential skills in a supportive environment. Middle Schools: Middle schools in Tigard, like Twality Middle School and Fowler Middle School, build upon the foundation laid in elementary school, focusing on academic growth and personal development. Students are encouraged to explore new interests, participate in extracurricular activities, and develop strong study habits. High Schools: Renowned institutions such as Tigard High School and Tualatin High School provide students with a well-rounded education, preparing them for college and career success. These schools offer a wide array of Advanced Placement (AP) courses, extracurricular activities, and sports programs to ensure a comprehensive educational experience. Private and Charter Schools: Tigard also features a selection of private and charter schools, such as Oregon Episcopal School and Westside Christian High School, which offer alternative educational options for families seeking specialized curricula or smaller class sizes. Higher Education: Tigard is conveniently located near several colleges and universities, including Portland Community College and Pacific University. These institutions provide a range of degree programs, continuing education courses, and workforce training options for lifelong learners. With its diverse selection of top-rated schools and commitment to educational excellence, Tigard is a city that nurtures the growth and success of its students. From elementary school to higher education, Tigard provides learners with the support and resources they need to achieve their full potential. Learn more about Tigard's educational offerings   Neighborhood Gems: Discover Tigard's Best Areas to Live When it comes to finding the perfect home in Tigard, choosing the right neighborhood is key. Tigard's diverse communities cater to a variety of lifestyles, ensuring that every resident can find their ideal place to call home. Explore some of the best neighborhoods in Tigard and discover the unique charm and character each has to offer.   Bull Mountain: This upscale community is known for its stunning views, spacious homes, and a peaceful atmosphere. With easy access to nature trails and parks, Bull Mountain is the perfect neighborhood for families and nature lovers alike. Summerfield: A popular 55+ community, Summerfield offers a range of housing options, from single-family homes to condominiums. With an active homeowners association and numerous amenities, including a golf course and clubhouse, Summerfield fosters a tight-knit and vibrant community. Downtown Tigard: For those who crave urban living with a small-town feel, Downtown Tigard is the place to be. This walkable neighborhood boasts charming shops, local restaurants, and easy access to public transportation, making it an ideal location for young professionals and families. Cook Park: Located near the scenic Tualatin River, the Cook Park neighborhood offers a variety of housing options, from single-family homes to townhouses. With its close proximity to parks, schools, and shopping centers, Cook Park is an excellent choice for families and those seeking a convenient location. Metzger: A quiet and well-established neighborhood, Metzger features an array of charming homes and tree-lined streets. With a strong sense of community and easy access to parks, schools, and shopping, Metzger is an ideal neighborhood for families and individuals seeking a peaceful environment.   No matter your lifestyle or preferences, Tigard offers a diverse range of neighborhoods that cater to every taste. From upscale communities to bustling downtown areas, Tigard's neighborhoods promise an exceptional living experience for all who call this city home.   Find your perfect Tigard neighborhood

Tualatin: A Haven That You've Been Searching For Are you seeking a sanctuary where tranquility and vibrancy harmoniously intertwine? Where history breathes life into the streets and the promise of progress beckons? Welcome to Tualatin, a city of contrasts and harmonies, of quiet trails and bustling shops, and most importantly, a place that could become your next home. Nested in the verdant Oregon landscape, Tualatin traces its roots to the Atfalati tribe of the Kalapuya, who once flourished along the riverbanks. With its rich history, Tualatin today stands as a thriving city that marries its historic charm with contemporary amenities. If you've ever wondered about making a life-changing decision to move to Tualatin, ponder no more. The city welcomes with open arms, with a warmth that makes settling down effortless. You'll find the cost of living surprisingly manageable here, with a livable salary that strikes a balance between comfort and affordability. Once you move in, you won't just be living in Tualatin - you'll be experiencing it. The city teems with diverse job fields, promising an array of opportunities for the industrious individual. From healthcare to tech, from education to the culinary arts, Tualatin hosts a vast range of industries. The daily commute? It's as breezy as the Oregon winds. Public transit in Tualatin is reliable and convenient, and if you prefer to drive, the roads here wind scenically through the city and its surrounding natural beauty. Learn more about the commute here. Is Tualatin growing? You could say it's blooming. Every year sees new businesses, families, and opportunities making their home in the city. But it's not just about growth – it's about sustainable and thoughtful development that respects the city's unique character and its vibrant community. Fun and unique are practically synonyms for Tualatin. From annual community events such as the Tualatin Crawfish Festival and the ArtSplash Art Show and Sale, to the day-to-day delights of exploring local shops, parks, and eateries, Tualatin radiates a charm that's all its own. With state-of-the-art medical facilities like Legacy Meridian Park Medical Center at your doorstep, you can rest easy knowing that you have access to top-notch healthcare services. And what's more, Tualatin is home to a number of excellent schools, parks, and community amenities that cater to the needs of all its residents. When considering where to move, Tualatin is more than a good idea – it's an invitation to a good life. Discover the haven you've been searching for – right here, in Tualatin.   Deciphering Tualatin: The Market Trends Graphic Understanding the ebb and flow of the real estate market can often feel like learning a new language. But with the right tools, this seemingly complex world can become a lot more comprehensible. One such tool is our comprehensive Market Trends Graphic. An interactive visual aid, the Market Trends Graphic offers an immersive and insightful look into the real estate landscape of Tualatin. This dynamic tool helps you make sense of the market without inundating you with jargon or complex data sets. Instead, it presents the information in an easy-to-understand and engaging format. Whether you're a first-time buyer, a seasoned investor, or someone merely curious about the property landscape in Tualatin, this graphic serves as a virtual guide, providing invaluable insights with just a few clicks. Want to know what types of homes are selling in Tualatin, or how the sales prices vary? The Market Trends Graphic showcases this data and much more, encapsulating an abundance of market dynamics in a simple, digestible format. The Market Trends Graphic isn't merely about data; it's about bringing clarity to decision-making and helping you better understand the real estate landscape of Tualatin. Dive into the market trends of Tualatin today – a more informed decision awaits. Homes of Tualatin: Structures of Dreams Enveloped in the lushness of Oregon, the homes of Tualatin mirror the city's serene and vibrant personality. Whether you're seeking a cozy nest for a growing family or an opulent mansion that's a testament to your success, you'll find your dream dwelling here. There's an array of architectural styles that grace Tualatin, each bearing its unique charm and story. From Craftsman to Cape Cod, from Modern to Traditional, the city is a delightful showcase of varied tastes. Discover more about the architecture in Tualatin here. As for size, you'll find everything from compact apartments perfect for the solo urbanite to spacious homes that accommodate the laughter and joy of a large family. There's also a broad price range, so whether you're a first-time buyer or looking to upgrade, you'll find options in Tualatin that fit your budget. One defining feature of many homes in Tualatin is their connection with nature. You'll find homes with sprawling gardens, enchanting views, and proximity to trails and parks, embodying the city's commitment to preserving its natural beauty while providing comfortable living spaces. Are you captivated by luxury? The city boasts some stunning high-end properties that promise a lavish lifestyle. With sprawling lawns, private swimming pools, and exquisite interior designs, these homes embody opulence and class. Check out some of these exquisite properties here. And if you're drawn towards the idea of sustainable living, you'll be pleased to know that Tualatin is home to a growing number of eco-friendly properties. These homes, designed with a conscious effort to minimize environmental impact, are proof that luxury and sustainability can go hand in hand. In essence, the homes in Tualatin are as diverse as the city itself. There's a perfect fit for everyone, a place that resonates with your aspirations and dreams. Discover the beauty of Tualatin homes here, and embark on a journey towards finding your dream dwelling in this charming city.   The Vibrant Tapestry of Tualatin: Diving Deep into Community Amenities Welcome to Tualatin, a city that weaves a vibrant tapestry of community amenities, threading together elements of gastronomy, recreation, shopping, and culture to create an enticing mosaic of livability. In the culinary scene, Tualatin plates up a rich and diverse menu. Craving Italian? Head over to Rosie's Kitchen, known for its authentic Italian fare. For fans of Mexican cuisine, Mazatlan Mexican Restaurant is a must-visit. Lee's Kitchen, a hidden gem, delivers mouth-watering Chinese flavors. Besides Hayden's Lakefront Grill and Mashita Teriyaki, the city is also home to the vibrant Symposium Coffee, a café that not only serves quality coffee but is also a community favorite. Recreational spaces in Tualatin paint a picture of natural beauty and tranquility. Apart from the Tualatin Community Park and Atfalati Park, the city also boasts the Cook Park, a sprawling area with a butterfly garden, sports fields, and access to the Tualatin River. The Brown's Ferry Park is another family-friendly space offering trails and picnic areas. Shopping in Tualatin is not just about Bridgeport Village. There's the Nyberg Rivers Shopping Center, a retail hub with a variety of shops, restaurants, and services. Cabela's, a premier outdoor gear store, also calls Tualatin home, much to the delight of outdoor enthusiasts. Cultural and community events are integral threads in the vibrant tapestry of Tualatin. The Tualatin Crawfish Festival is a beloved tradition, attracting locals and tourists alike for a weekend of food, fun, and music. The Tualatin Winter Brew Festival offers a platform for local breweries to showcase their craft. Moreover, Tualatin ArtSplash, an annual art show and sale, brings the community together to celebrate local art and creativity. When it comes to community amenities, Tualatin is a city that pulls out all the stops, offering a quality of life that's hard to beat. Whether it's the myriad of food experiences, green spaces, shopping opportunities, or cultural events, there's always something to discover and enjoy in Tualatin. Immerse yourself in the city’s vibrant tapestry here. Welcome to Tualatin - a city that celebrates life in its unique and vibrant ways! Education Hub: The Schoolscapes of Tualatin Education plays a pivotal role in the fabric of Tualatin. The city is home to a myriad of educational institutions that inspire, engage, and nurture the learners of today to become the leaders of tomorrow. One such institution is the esteemed Tualatin High School. Offering a robust curriculum and a multitude of extracurricular activities, it fosters an environment where students are encouraged to reach their full potential. For younger learners, the Byrom Elementary School instills a love for learning in a nurturing, vibrant, and inclusive setting. Additionally, the Bridgeport Elementary School stands as a pillar of academic excellence, fostering a love for knowledge and a strong sense of community among its students. As your child progresses, the Hazelbrook Middle School serves as a stepping stone, facilitating the transition from elementary school and preparing students for the demands of high school. Its focus on holistic development ensures students are equipped with the skills they need to navigate the world confidently. Furthering its commitment to education, Tualatin also houses the Oregon Tech – Tualatin Campus, providing opportunities for higher education right in the heart of the city. Whether you're pursuing engineering, applied sciences, health technologies, business, or other professional fields, Oregon Tech offers a comprehensive range of programs. It's clear that Tualatin isn't just a city that values education - it's a city that's dedicated to creating an environment where learners can thrive. Discover more about the educational landscape of Tualatin here, and embark on a journey of learning that's as engaging as it is enriching. Niche of Neighborhoods: Discovering Tualatin's Best Tucked within the cityscape of Tualatin are neighborhoods that embody the city's charm, vibrancy, and serene lifestyle. Each with its unique character and appeal, these neighborhoods provide a diverse array of choices for those looking to call Tualatin their home. One such neighborhood is the peaceful Fox Hill. With its lush green spaces, well-kept homes, and a strong sense of community, it's a quintessential Tualatin neighborhood. Learn more about the allure of Fox Hill here. Then there's Victoria Gardens, a gem tucked away amidst the city's hustle. Offering an elegant mix of homes, access to excellent schools, and close proximity to amenities, it's a neighborhood that's as beautiful as its namesake. Take a virtual stroll through Victoria Gardens here. The Tualatin Village is a testimony to the city's commitment to sustainable living. Boasting eco-friendly homes and a close-knit community, it's a neighborhood that lets you live harmoniously with nature. Discover more about Tualatin Village here. For those seeking a more upscale lifestyle, Barrington Heights provides a touch of luxury. With grand homes, panoramic views, and a serene setting, it's a neighborhood that truly elevates living in Tualatin. Explore Barrington Heights here. In essence, the neighborhoods in Tualatin offer a diverse range of lifestyles, each reflecting a facet of the city's charm. Whether you're seeking tranquility, luxury, community, or sustainability, there's a neighborhood in Tualatin that's waiting to welcome you home. Explore these and more neighborhoods here, and find the perfect nook in Tualatin to call your own.

Reasons To Consider Condos in Your Home Search Are you having trouble finding a home that fits your needs and your budget? If so, you should know there’s an option worth considering – condominiums, also known as condos. According to Bankrate: “A condo can be a more affordable entry point to homeownership than a single-family home. And as a homeowner, you’ll build equity over time and have access to tax benefits that a renter wouldn’t.” That’s why expanding your search to include additional housing types, like condominiums, could help you accomplish your homeownership goals this spring, especially if you can be flexible about the space you need. Condos are typically smaller than a single-family home, but that’s part of what can make them more budget-friendly (see graph below): In addition to providing more options in your home search and possibly your price point, there are several other benefits to condo living. They tend to require less upkeep and lower maintenance – and that can give you more time to spend doing the things you enjoy. Plus, since many condos are in or near city centers, they offer the added benefit of being in close proximity to work and leisure. Remember, your first home doesn’t have to be your forever home. The important thing is to get your foot in the door as a homeowner so you can start building wealth in the form of home equity. In time, the equity you develop can fuel a future purchase if your needs change. Ultimately, owning and living in a condo can be a lifestyle choice. And if that appeals to you, they could provide the added options you need in today’s market.

Balancing Your Wants and Needs as a Homebuyer This Spring Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way:  “While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.” The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more successful in their home search. The first step? Get pre-approved for a mortgage. Pre-approval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll put your list together. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp on your budget, the best way to prioritize all the features you want and need in a home is to put together a list. Here’s a great way to think about them before you begin: Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle. Nice-To-Haves – These are features you’d love to have but can live without. Nice-to-haves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of the these, it’s a contender. Dream State – This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the nice-to-haves, and any of these, it’s a clear winner. Finally, once you’ve created your list and categorized it in a way that works for you, discuss it with your real estate agent. They’ll be able to help you refine the list further, coach you through the best ways to stick to it and find a home in your area that meets your needs. If you want to see all of the available homes in Portland  If you are interested in Condos / Single level homes / Luxury Homes 

  During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households in Portland and other cities throughout the united states. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR): “Multi-generational buying may be a home where families live in the same home with elderly parents, children who have boomeranged back home, or other extended family members. While this is not a new concept of living, it is one which has gained recent popularity.” And citing data from Pew Research Center, the Wall Street Journal (WSJ) says: “. . . multigenerational living has made a comeback in recent years, particularly after the 2008 financial crisis and during the pandemic.” So, if buying a multigenerational home has crossed your mind, you aren’t alone. Depending on what stage of homeownership you’re in, there are different reasons it could be the right fit. The chart below shows responses to a recent survey from NAR about the reasons people have bought a multigenerational home: Whether your motives are financial or focused on the people you’ll share your home with, a multigenerational home has distinct advantages. It can make homeownership more affordable, and it can help you best support your loved ones. As Lautz explains: “Multi-generational home buying is a way for families to care for one another, support one another, and often buy a home that may have been previously out of reach. . . . The trend of multigenerational buying appears to be firmly established and one that could expand in the future.” Bottom Line If you’re ready to buy a house, consider the opportunities of a multigenerational home. Let’s connect so you can explore your options in our area.

If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you. Here are five reasons working with a professional can ensure you’ll get the most out of your sale. 1. They’re Experts on Market Trends With today’s housing market defined by change, it’s critical to work with someone who knows the latest information and how it impacts your goals. An expert real estate advisor knows about national trends and your local area too. More importantly, they’ll give insight to what all of this means for you, so they’ll be able to help you make a decision based on trustworthy, data-bound information. 2. A Local Professional Knows How To Set the Right Price for Your Home Home price appreciation has moderated this year. If you sell your house on your own, you may be more likely to overshoot your asking price because you’re not as aware of where prices are today. Pricing your house too high can deter buyers or cause your house to sit on the market for longer. Real estate professionals look at a variety of factors, like the condition of your home and any upgrades you’ve made, with an unbiased eye. They compare your house to recently sold homes in your area to find the best price for today’s market so your house sells quickly. 3. A Real Estate Advisor Helps Maximize Your Pool of Buyers Since buyer demand has cooled this year, you’ll want to do what you can to help bring in more buyers. Real estate professionals have a wide range of tools at their disposal, such as social media followers, agency resources, and the Multiple Listing Service (MLS), to ensure your house gets in front of people looking to make a purchase. Investopedia explains why it’s risky to sell on your own without the network an agent provides: “You don’t have relationships with clients, other agents, or a real estate agency to bring the largest pool of potential buyers to your home.” Without access to your agent’s tools and marketing expertise, your buyer pool – and your home’s selling potential – is limited. 4. A Real Estate Expert Will Read – and Understand – the Fine Print Today, more disclosures and regulations are mandatory when selling a house. That means the number of legal documents you’ll need to juggle is growing. The National Association of Realtors (NAR) puts it like this: “There’s a lot of jargon involved in a real estate transaction; you want to work with a professional who can speak the language.” 5. A Local Professional Is a Skilled Negotiator In today’s market, buyers are regaining some negotiation power. If you sell without an expert, you’ll be responsible for any back-and-forth. That means you’ll have to coordinate with: The buyer, who wants the best deal possible The buyer’s agent, who will use their expertise to advocate for the buyer The inspection company, which works for the buyer and will almost always find concerns with the house The appraiser, who assesses the property’s value to protect the lender Instead of going toe-to-toe with these parties alone, lean on an expert. They’ll know what levers to pull, how to address everyone’s concerns, and when you may want to get a second opinion. Bottom Line Don’t go at it alone. If you’re planning to sell your house this spring, let’s connect so you have an expert by your side to guide you in today’s market.

  The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break down these two big issues in today’s housing market. 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): But today, the typical mortgage rate offered to buyers is over 6%. As a result, many homeowners are opting to stay put instead of moving to another home with a higher borrowing cost. This is a situation known as being rate locked. When so many homeowners are rate locked and reluctant to sell, it’s a challenge for a housing market that needs more inventory. However, experts project mortgage rates will gradually fall this year, and that could mean more people will be willing to move as that happens. The Fear of Not Finding Something To Buy The other factor holding back potential sellers is the fear of not finding another home to buy if they move. Worrying about where they’ll go has left many on the sidelines as they wait for more homes to come to the market. That’s why, if you’re on the fence about selling, it’s important to consider all your options. That includes newly built homes, especially right now when builders are offering concessions like mortgage rate buydowns. What Does This Mean for You? These two issues are keeping the supply of homes for sale lower than pre-pandemic levels. But if you want to sell your house, today’s market is a sweet spot that can work to your advantage. Be sure to work with a local real estate professional to explore the options you have right now, which could include leveraging your current home equity. According to ATTOM: “. . . 48 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their estimated market values.” This could make a major difference when you move. Work with a local real estate expert to learn how putting your equity to work can keep the cost of your next home down. Bottom Line Rate-locked homeowners and the fear of not finding something to buy are keeping housing inventory low across the country. But as mortgage rates start to come down this year and homeowners explore all their options, we should expect more homes to come to the market.

  No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide. When you own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly yours. Over the last few years, we’ve fully embraced the meaning of our homes as we spent more time than ever in them. As a result, the emotional benefits our homes provide have become even more important to us. As the most recent State of the American Homeowner from Unison puts it: “. . . one thing has stayed the same: the home continues to be of the utmost importance and a place of security and comfort.” The same study from Unison notes: 91% of homeowners say they feel secure, stable, or successful owning a home 64% of American homeowners say living through a pandemic has made their home more important to them than ever It’s no surprise this study also reveals that homeowners now love their homes even more as our attachments to them have grown: The National Association of Realtors (NAR) also explains: “In addition to tangible financial benefits, homeownership brings substantial social benefits for [households], communities, and the country as a whole.” In other words, not only does owning a home build your net worth over time, but it also gives you and your loved ones a place to thrive. And by living near people with shared experiences, homeownership helps you connect with your community and contribute meaningfully. Bottom Line Whether you’re thinking of buying your first home, moving up to your dream home, or downsizing to something that better fits your changing lifestyle, let me be the key to unlocking a home you can truly fall in love with.

The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is right to also make some homeownership resolutions for 2023.   Home buyers, is this the year you work to improve your credit score, pay down some debt, or save for a down payment?    Home sellers, we’ve laid out plans for you to get top dollar for your property, including timing your home sale, making your property stand out from the crowd, and investing in your extra living space.    And even if you’re staying put for awhile, homeowners, you can resolve to improve your status quo by evaluating your home budget, finalizing your home maintenance schedule, or maybe investing in a second property.   So no matter your homeownership status, we’ve got some ideas and advice for you to make this year your best one yet. Read on to learn more.     HOME BUYERS   Resolution #1: Qualify for a better mortgage with a higher credit score.   Your credit report highlights your current debt, bill-paying history, and other key financial information. Importantly for your home-buying journey, it is also used by lenders and companies to calculate your credit score, which partly determines if you are qualified to obtain a mortgage. Therefore, before you start house-hunting, make sure your finances are in the best possible shape by checking your credit report from Equifax, Experian, and TransUnion (via AnnualCreditReport.com). You can also obtain your credit score for free from some banks and credit card companies.   Your credit score will be a number ranging from 300-850.1 Generally speaking, a credit score of 740 or higher is considered very good to excellent.2 If your FICO score drops below 740, you might need to work at boosting your score for a few months before you begin house-hunting. Ways to do this are to pay your bills on time every month, keep your credit card balances low, and avoid applying for new credit.     Resolution #2: Improve your credit health by paying down debt.    Do you have student loans, credit card debt, or car payments tying up your income each month? That debt is hurting your “buying power,” or the amount of home you can afford. Not only is it money that you can't spend on your new home, but your debt-to-income ratio also affects your credit score, which we discussed above. The less debt you have, the higher your FICO score and the better mortgage you can obtain.   If you can, pay off some debt in its entirety—like a low balance on a credit card. Then apply that "extra" money you previously paid on that credit card to pay off bigger debt, like a car loan. Even if you can’t pay off all (or any) of your debt in full, reducing the balances of each account will help you qualify for the best possible mortgage terms.     Resolution #3: Create a financial safety net before applying for a mortgage.    Don’t forget that buying a home requires some cash as well. A down payment is typically 7% of a home’s purchase price, and closing costs currently average $3,700.3,4 You’ll also need money for moving expenses and any initial maintenance tasks that might pop up. And as the pandemic taught us, you never know when an unforeseen event might cause a job loss, drop in income, or health scare, so having some liquid savings will ensure that you can still pay your mortgage if a crisis occurs.   Dedicate some effort to building up your reserves. Cut down on unnecessary expenses, and consider having a portion of each paycheck automatically deposited into your savings account to avoid the temptation to spend it.     HOME SELLERS   Resolution #4: Decide on the right time to sell your home.   If you’re looking to maximize profit on the sale of your home, selling earlier in the year makes sense. Listing prices historically increase early in the year, peak in May, plateau through June, and decrease for the remainder of the year.5 And, according to the National Association of Realtors, “[w]ith both mortgage rates and the number of homes available for sale expected to remain relatively low, home prices are likely to continue to increase. [In] mid-January, home prices typically begin a quick ramp-up in a normal year.”5   But sales price isn’t the only thing to consider. You might not be ready to sell your home yet because you don't want to uproot your kids during the school year or because you need to tackle some minor upgrades before placing your home on the market.    This means that there is no one month or season that is the perfect time to sell your home. Instead, the right timeline for you takes into account factors such as when you’ll earn the highest profit, personal convenience, and whether your home is even ready to put on the market. A trusted real estate professional can talk you through your specific needs to clarify when to sell your home.      Resolution #5: Boost your home’s resale value by making your property shine.   Housing inventory is at historic lows across the country, and that means the market is fiercely competitive.6 Selling your home in 2023 has the potential to net you a huge return right now, and you can maximize that amount with some simple fixes to make sure your property outshines your neighbors' for sale down the street.    In your home, you might need to tackle a minor remodeling project, such as upgrading the flooring or adding a fresh coat of paint. According to the National Association of Realtors’ 2019 Remodeling Impact Report, simply refinishing existing hardwood floors recoups 100% of the cost at resale, and completely replacing it with new wood flooring recovers 106% of costs.7Outside, you might consider improving your curb appeal by removing a dead bush, trimming a tree that blocks the front window, or power-washing your moldy driveway and sidewalks. In fact, real estate agents say cleaning the exterior of your house can add $10,000 to $15,000 to a home’s sale price.8 And according to a Virginia Tech study, improving a home’s landscaping may increase its value by 10 to 12%.9   A good agent should provide custom-tailored suggestions to ensure your property pops inside and out. Ask us about our local insider secrets that will make your home stand out from others on the market.     Resolution #6: Invest in your “extra” living space to meet current buyers’ needs.    Due to COVID-19, more people are staying at home to work, go to school, exercise, and stay entertained. And these lifestyle changes are showing up in home buyer preferences. For example, according to one study, buyers are looking more and more for homes with formal, outfitted home offices, private outdoor spaces, and updated kitchen appliances.10  So if you’ve got an underutilized room, consider turning it into an office, home gym, schoolroom, or multi-purpose room to meet current home buyer needs and attract better offers on your home. Got some underwhelming space outside? You could turn it into an outdoor entertainment area by adding a firepit, upgrading the patio furniture, or installing a grilling area. Be sure to consult with a local real estate professional before investing in a renovation, however, as each market’s buyers have different tastes.     HOMEOWNERS   Resolution #7: Evaluate your household budget to reflect financial changes.   After this past year, in particular, your financial picture may have changed. Maybe you were furloughed, had your hours reduced, or got a new job further from home. Perhaps you’ve kept the same job, but you’re now working remotely. A work-from-home arrangement could mean less money spent on gas, tolls, a professional wardrobe, and dining out for lunch.    But this could also mean new (or increased) expenses now that you’re working at home, such as new tech-related purchases, faster Wi-Fi, and higher energy bills. January marks the perfect opportunity to update your income and expenses and review last year’s spending habits, tweaking as needed for 2023.   For more specific ideas, contact us for our free report "20 Ways to Save Money and Stretch Your Household Budget."     Resolution #8: Save money now (and earn more later) with a home maintenance plan.   Having a schedule of regular home maintenance projects to tackle will save you money now and in the long-term. You’ll avoid some surprise “emergency fixes,” and when you’re ready to eventually sell your home, you’ll get higher offers from buyers who aren’t put off by overdue repairs.   Even if nothing necessarily needs fixing right now, you can lower your energy costs by maintaining and upgrading your home.  According to the U.S. Department of Energy, simple fixes add up: replace five most frequently used bulbs with ENERGY STAR ones to save $75/year; repair leaky faucets to save $35/year; replace older toilets with low-flow models to save $100/year; and seal air leaks to save $83-$166/year.11   For a breakdown of home maintenance projects to tackle throughout the year, contact us for our free report “House Care Calendar: A Seasonal Guide to Maintaining Your Home.”     Resolution #9: Invest in real estate for a better standard of living.   Even if you don’t plan on leaving your current residence, real estate is a great way to improve your quality of life in 2023.    Have cabin fever from the long quarantine? A vacation home in a getaway location you love lets you safely spread your wings. And if you have been looking for a second stream of income, an investment property might be your answer. Just be sure to consult with a real estate professional to get a realistic sense of a property’s true income potential.   Want more information on how a second property fits into your 2023 plans? Request our free report, "Move Up vs Second Home: Which One Is Right For You?"     LET US HELP YOU WITH YOUR 2023 GOALS   Without a plan and a support system, 55% of Americans will break their new year’s resolutions.12 Whether you’re looking to buy, sell, or stay put in your home, it helps to connect with a trusted real estate agent to keep you motivated and on track.   As local market experts, we have the knowledge, experience, and networks to help you achieve your homeownership goals, whatever they may be. Reach out to us today for a free consultation and commit to a happy and prosperous new year.     Sources: USA.gov -https://www.usa.gov/credit-report Equifax - https://www.equifax.com/personal/education/credit/score/what-is-a-good-credit-score/ NerdWallet - https://www.nerdwallet.com/article/mortgages/the-20-mortgage-down-payment-is-dead Zillow - https://www.zillow.com/mortgage-learning/closing-costs/ Realtor.com -https://www.realtor.com/research/we-should-be-in-a-buyers-market-right-now-but-covid-turned-everything-upside-down-best-time-to-buy-a-home Business Insider - https://www.businessinsider.com/how-2020-broke-the-housing-market-inventory-could-run-out-2020-9 National Association of Realtors - https://www.nar.realtor/sites/default/files/documents/2019-remodeling-impact-10-03-2019.pdf House Logic - https://www.houselogic.com/save-money-add-value/add-value-to-your-home/adding-curb-appeal-value-to-home/ Virginia Cooperative Extension - https://www.pubs.ext.vt.edu/content/dam/pubs_ext_vt_edu/426/426-087/426-087.pdf HomeLight -https://www.homelight.com/blog/top-agent-insights-for-q2-2020/ U.S. Department of Energy - https://www.energy.gov/energysaver/articles/how-much-can-you-really-save-energy-efficient-improvements Ipsos - https://www.ipsos.com/en-us/urban-plates-ipsos-NY-Resolutions

    Every year, it seems the holidays sneak up on us—and every year, that brings with it the dreaded last-minute gift panic. Finding a present that hits all the right notes can be surprisingly stressful, even when it comes to people you’ve known for years.    But have no fear! We’ve lined up a list of unique gifts for every “type” on your list. And since we work in real estate, they’re all centered around home life. From the coffee snob to the sports enthusiast, these presents are the perfect way to bring beauty, function or a touch of whimsy to your loved one’s home this holiday season.     FOR THOSE WHO ARE ALWAYS IN THE KITCHEN   We all know someone whose kitchen is their happy place—but once all the basics are covered, it can be hard to find the perfect present. These gifts will be a treat for the chef, baker, or food lover on your list, no matter how well equipped they are.  1. The Coffee Snob Glass Pour-Over Coffeemaker - $36 Have a java lover on your list who just can’t get their brew right at home? This high-end pour-over system makes a smooth brew that can even be refrigerated and reheated so your recipient can enjoy a perfect cup at any time.  2. The Foodie Shiitake Mushroom Log Kit - $30 Help your favorite gourmand create restaurant-quality meals with this kit that allows them to grow delicious mushrooms right in their cupboard. All they’ll need to do is soak the wood and put it in a cool place, then wait a few weeks, and voila—mushrooms! Best of all, they can keep growing mushrooms on the same log for years. 3. The Baker Vintage Etched Cake Stand - $60 If you’re lucky enough to have a fabulous home baker on your list, give a gift that reflects the joy their treats bring to others. This lovely glass cake stand is the platform that a beautifully decorated dessert deserves.  4. The Tea Aficionado  Flowering Tea Set - $25 Your favorite tea lover may have tried all of the herbal blends out there, but we bet they haven’t seen tea like this. This set contains two “blossoms” of tea leaves hand-sewn around flowers that bloom when you place them in the included glass teapot and add hot water.     FOR THOSE WHO WOULD RATHER BE IN THE BACKYARD   For many of us, time outdoors is the ultimate source of rejuvenation. The nature-lover on your list is sure to appreciate these presents that help them maximize that joy in their daily lives.  5. The Gardener Striped Garden Tote Bag - $37 Dedicated gardeners all need a great bag to carry their gear. This tote is attractive and sturdy and will help them keep their home’s exterior beautiful and welcoming.  6. The Flower Lover Monthly Flower Subscription - starting at $40/month If your loved one prefers to enjoy their flora without all the work, a delivery of farm-fresh flowers is sure to surprise and delight. And you can keep the joy blossoming year-round with a monthly or bi-monthly subscription. 7. The Environmentalist Collapsible Metal Straw - $20 Know someone who is trying to bring less plastic into their home? This reusable metal straw means they’ll never have to buy a box of plastic straws again. And since it collapses into a tiny carrying case, they can use it at home or on the go.  8. The Outdoor Adventurer Solar Phone Charger - $29 Have a camper or adventurer on your list? This solar-powered phone charger, which comes with a built-in flashlight and compass, is a must-have. It will also make a great addition to their home emergency kit.     FOR THOSE WITH THEIR NOSE TO GRINDSTONE   Like it or not, most of us spend a good chunk of our lives working—whether at a job or on projects and chores around the house. These gifts are designed to make that work a bit easier and more enjoyable.  9. The Remote Worker Home Office Lap Desk - $35 Working at home can be great—in part because you can work from anywhere in the house. The remote worker on your list will appreciate this lap desk with a built-in mouse pad and phone slot, which will allow them to work comfortably from the couch or the bed without overheating their computer. 10. The Back-to-The-Office Worker Bento Lunch Box - $27 If your loved one is heading back to the office, it doesn’t mean they have to give up the healthy habit of a home-cooked meal. Send them to work with this stylish lunch box packed full of nutritious food. 11. The Do-It-Yourselfer 65ft Laser Distance Measure - $50 The handy person on your list can say goodbye to unwieldy tape measures with this nifty device. It’s perfect for DIY projects up to 65 feet. 12. The Clean Freak Portable Sanitizing Travel Wand - $60 In the COVID-19 era, we’ve all become a little germaphobic. This UV wand kills viruses and bacteria in seconds without any wiping or washing required. It’s perfect for disinfecting shoes, computer keyboards, and more!     FOR THOSE MOST PASSIONATE ABOUT THEIR HOBBIES   Of course, there’s a lot more to life than work. If you’re gifting a friend or family member who really lights up when they talk about their hobbies, we’ve got you covered.  13. The Sports Enthusiast Hockey Stick BBQ Set - $45 Looking for a gift for the sports enthusiast in your life that isn’t another jersey? These BBQ tools made from repurposed hockey sticks are a great pick. Perfect for cooking up food to watch with the game! 14. The Bookworm The Book Lover’s Journal - $13 Know someone who loves to curl up on the couch with a good book? This journal will help the book-lover on your list keep track of what they’ve read, as well as their ever-growing “to-read” list.  15. The Runner Marathon Map Hydration Bottles - $36 Help the runner you love to stay hydrated (and motivated) with a water bottle inscribed with their favorite race route. It’s perfect for runs around the neighborhood or just toting around the house. 16. The Tourist Travel Backpack - $100  Make it easy for the travel lover on your list to bring back souvenirs. This lightweight backpack folds flat so it’s easy to pack but sturdy enough to carry their new treasures all the way home.      FOR THOSE WHO PUT FAMILY FIRST   For many of us, the greatest joy in life comes from our relationship with our family. Help your recipient strengthen and celebrate those all-important connections with these thoughtful gifts.  17. The New Parent 4-in-1 Baby Food Maker - $155 It’s hard to know what to buy for new parents once their registry is cleared out, but if they’re interested in making baby food at home, this tool is a must-have. It makes the process, from steaming to mixing, fast and easy. 18. The Genealogy Fan DNA Kit - $99 Know someone interested in reconnecting with their ancestral home? This DNA kit can help them trace their geographical heritage and uncover their family history. 19. The Pet Person Custom Printed Socks - $25 Is your friend’s pet their favorite family member? These adorable socks are sure to put a smile on their face as they cozy up on the couch with their fur baby. And since you can feature up to four pets on each pair of socks, no one needs to feel left out. 20. The Documentarian Mini Link Printer - $100 We all have that relative who snaps a million photos at every family event. Help them capture each precious moment with this unique gadget that essentially transforms a smartphone into a Polaroid camera. It makes it easy to customize and print out snapshots to display around the house or insert into a scrapbook for posterity.     READY TO GIVE YOURSELF THE ULTIMATE GIFT?   We want to be your real estate consultants through every season of life. So please don’t hesitate to reach out with questions or to ask for recommendations or referrals any time of year. And when you’re ready to give yourself the gift of a new home, contact us to talk about your options. From finding the right neighborhood to identifying the amenities that will make the biggest difference to your quality of life, we’re always eager to help.

Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled. 1 Consequently, home sellers who enter the market today may need to reset their expectations.   The reality is, it’s no longer enough to stick a “for sale” sign in the yard and wait for buyers to bang down the door. If you want to net the most money possible for your property in today’s market, you’ll need an effective game plan and a skilled team of professionals to implement it.   Fortunately, we’ve developed a listing strategy that combines our proven approach to preparation, pricing, and promotion—all designed to help you get top dollar for your home. But you will play an important role in the selling process, as well.   Here are some crucial steps you can take to set yourself up for success as a home seller in this market:     Make Strategic Repairs and Improvements   When you sell something, it’s important to consider what your customer wants to buy. And according to the National Association of Realtors, only 6% of today’s buyers report that they are looking for a DIY fixer-upper.2 The vast majority want a move-in-ready home, which means that any outstanding repairs or dated features can be a major turn-off.   Before your home goes on the market, we’ll conduct a thorough walk-through to identify any problems that could prevent it from selling. In some cases, we may recommend a professional pre-listing inspection. Finding and addressing issues like leaks, rot, and foundation problems up front can pay off in the final sale price. Plus, it prevents sales from falling through because of a red flag on the home inspection, a scenario no seller wants to face.   Beyond repairs, we’ll also help you identify the simple upgrades that offer the highest return on your investment. For example, new paint can give your home a fresh look at a reasonable cost. However, it’s important to choose the right colors. One study found that painting your bathroom light blue could lead to a 1.6% increase in the offer price!3 Similarly, minor landscaping improvements can pay off in a major way. A healthy lawn offers an estimated 256% return on investment.4     Declutter and Depersonalize   When buyers look at a home for sale, they’re trying to envision themselves living there. That’s hard to do if it’s chock-full of the current owner’s family photos, children’s artwork, and souvenir collections. Plus, cluttered homes look smaller, and older items can make them feel dated.   Decluttering before you put your home up for sale will help you in the long run—after all, you’ll need to move all your things to your new home eventually. Now is the time to shred, digitize, or organize old documents, donate old clothes, or move bulky furniture into storage. At a minimum, you’ll want to pack away excess items neatly before potential buyers view the home. Remove personal photos and other trinkets to create a blank slate that viewers can imagine decorating with their own prized possessions.   If you feel overwhelmed by this process, we’d be happy to make recommendations or refer you to a local service provider who can help.     Stage Your Home for Success   Just as you take care to dress professionally for a job interview, you should always ensure your home looks its best for potential buyers. Home shoppers today are used to scrolling through Instagram and Pinterest, and they want to see the same wow factor when touring a home.   The process of making your home look its best and appeal to potential buyers is called staging, and it can be a game changer. According to the International Association of Home Staging Professionals, an average priced staged home sells 5 to 11 times faster than its unstaged counterpart. Even better, the majority of staged homes sell for 4% to 20% over list price!5   Some sellers hire a professional stager, who may bring in furniture and decor to increase the home’s appeal. Others choose to stage their homes themselves. We can help advise you on which route to choose and how much to invest in the process.   It’s also important to consider what buyers in your neighborhood are likely to be looking for in a home. We can help guide your staging choices with our local market insights. For example, in neighborhoods where a large share of residents work from home, it may be effective to stage one room as an office space so potential buyers can envision their day-to-day routine.     Prep for Each Showing   Most of us don’t live picture-perfect lives, and our homes reflect that (sometimes messy) reality. But when your home is on the market, it’s important to ensure that it is always ready for viewers, even on short notice. A missed showing is a missed opportunity to sell your home!   Before your home hits the market, it may be worth hiring professional cleaners to get in all the nooks and crannies. After, try your best to keep things spic and span. Just a few minutes a day wiping down counters, sweeping the floors, and vacuuming can make a big difference.   It’s also worth noting that most buyers will open cabinets, drawers, and closets—so try to make sure everything is as neat and organized as possible. Keep toiletries and small appliances off countertops, and secure valuables and sensitive documents in a safe or off-site.   Want help finding a cleaning service to make your home shine for buyers? Reach out for a referral!     Price Your Home Correctly From the Start   In the past few years, you may have seen homes in your neighborhood sell for shocking amounts and wondered if you could get a similar price for your property. The temptation to list your home on the high side can be strong, but it’s best to be realistic from the start. Even in a hot market, some homes will sit for months. And the longer a property is listed, the more buyers worry that something is wrong with it.6   Of course, you also don’t want to set your price too low and lose out on potential profit. That’s why it’s essential to work with real estate agents (like us!) who know the ins and outs of our local market and what buyers are willing to pay today. In a quickly-evolving market, comparable sales from a few months ago can lag the current market reality.   Fortunately, if you’ve owned your home for several years, chances are good that it’s worth much more today than you paid for it. That means you stand to walk away with a handsome profit. In fact, recent reports show that homeowner equity is at an all-time high.7     Avoid Acting on Emotion   The past few years of over-asking-price offers with few contingencies have set certain expectations for many sellers. It’s only natural to feel hurt or even offended if an offer comes in lower than what you think your home is worth.   However, it’s important to keep in mind that those market conditions were unprecedented, and we are now returning to a more typical market. Home sellers who act rationally, rather than emotionally, are going to get the best results.   Remember: You can always counter a low offer. The same goes for repair requests and contingencies—everything is negotiable. However, it’s important to accept that the market is adjusting and flexibility is key. Keep your expectations reasonable, and remain open-minded. And you can rest assured knowing that we’ll be by your side every step of the way to help you navigate the process and negotiate a great deal.     Work With a Local Market Expert   The economics impacting mortgage rates may be national, but real estate markets are hyperlocal. That’s why working with a professional agent who understands your neighborhood’s dynamics is essential. Through our experience, we’ve gathered insights that can help us position your home for success in this market. Plus, we have the resources to connect with qualified buyers searching for a home like yours.   Working with a knowledgeable agent is also the secret to getting as much money as possible for your home. We have access to extensive data on recent sales in your neighborhood, which we will use to price and promote your property. That’s one reason why homes sold by agents draw much higher prices than those sold by their owners alone. While for-sale-by-owner homes went for a median price of $260,000 in 2020, the median for homes sold by agents was $318,000.8 That’s a difference of $58,000—and money you don’t want to leave on the table.     YOUR AGENT AND ADVOCATE Selling a home in a fast-changing market can be stressful. You’re likely to hear conflicting advice and opinions from people in your life, and decisions like what color to paint your front door or how much to list your home for can be overwhelming.   That’s where we come in. The market may be adjusting, but it’s still highly advantageous for sellers—and we’re here to help you make the most of it. We’re listing experts in our area, and we know what steps you need to take for a smooth, profitable transaction.   If you’re considering buying or selling a home, we invite you to reach out to schedule a free consultation. We’re happy to talk through your specific situation and goals and help you identify your next steps.    The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.     Sources: Yahoo! Finance - https://finance.yahoo.com/news/bidding-war-rate-drops-lowest-120000537.html National Association of Realtors - https://cdn.nar.realtor/sites/default/files/documents/2022-home-buyers-and-sellers-generational-trends-03-23-2022.pdf Zillow - https://www.zillowgroup.com/news/paint-colors-that-could-lead-to-higher-offers/ Angi - https://www.angi.com/articles/smart-landscaping-tips-can-increase-home-value.htm International Association of Home Staging Professionals - https://pages.iahsp.com/home-staging-statistics/ Washington Post - https://www.washingtonpost.com/business/2019/07/22/just-because-its-sellers-market-doesnt-mean-you-should-overprice-your-home/ Realtor.com -https://www.realtor.com/research/changes-in-value-of-household-real-estate-q2-2022/ National Association of Realtors - https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers#purchased

Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership.    A real estate boom during the pandemic pushed home prices to an all-time high.1 Add higher mortgage rates to the mix, and some would-be buyers are wondering if they should wait to see if prices or rates come down.   But is renting a better alternative? Rents have also soared along with inflation – and are likely to continue climbing due to a persistent housing shortage.2 And while homebuyers can lock in a set mortgage payment, renters are at the mercy of these rising costs for the foreseeable future.   So, what's the better choice for you? There’s a lot to consider when it comes to buying versus renting. Luckily, you don’t have to do it alone. Reach out to schedule a free consultation and we'll help walk you through your options. You may also find it helpful to ask yourself the following questions:     How long do I plan to stay in the home?   You'll get the most financial benefit from a home purchase if you own the property for at least five years.3 If you plan to sell in a shorter period of time, a home purchase may not be the best choice for you.   There are costs associated with buying and selling a home, and it may take time for the property’s value to rise enough to offset those expenditures.   Even though housing markets can shift from one year to the next, you’ll typically find that a home’s value will ride out a market’s ups and downs and appreciate with time.4 The longer you own a property, the more you are likely to benefit from its appreciation.   Once you’ve found a community that you’d like to stay in for several years, then buying over renting can really pay off. You’ll not only benefit from appreciation, but you’ll also build equity as you pay down your mortgage – and you’ll have more security and stability overall.   Also important: If you plan to stay in the home for the life of the mortgage, there will come a time when you no longer have to make those payments. As a result, your housing costs will drop dramatically, while your equity (and net worth) continue to grow.     Is it a better value to buy or rent in my area?   If you know you plan to stay put for at least five years, you should consider whether buying or renting is the better bargain in your area.   One helpful tool for evaluating your options is a neighborhood’s price-to-rent ratio: just divide the median home price by the median yearly rent price. The higher the price-to-rent ratio is, the more expensive it is to buy compared to rent.5 Keep in mind, though, that this equation provides only a snapshot of where the market stands today. As such, it may not accurately account for the full impact of rising home values and rent increases over the long term.   According to the National Association of Realtors, a typical U.S. homeowner who purchased a single-family existing home 10 years ago would have gained roughly $225,000 in equity — all while maintaining a steady mortgage payment.6   In contrast, someone who chose to rent for the past 10 years would have not only missed out on those equity gains, but they would have also seen U.S. rental prices increase by around 66%.7   So even if renting seems like a better bargain today, buying could be the better long-term financial play.   Ready to compare your options? Then reach out to schedule a free consultation. As local market experts, we can help you interpret the numbers to determine if buying or renting is the better value in your particular neighborhood.     Can I afford to be a homeowner?   If you determine that buying a home is the better value, you’ll want to evaluate your financial readiness.   Start by examining how much you have in savings. After committing a down payment and closing costs, will you still have enough money left over for ancillary expenses and emergencies? If not, that’s a sign you may be better off waiting until you’ve built a larger rainy-day fund.   Then consider how your monthly budget will be impacted. Remember, your monthly mortgage payment won’t be your only expense going forward. You may also need to factor in property taxes, insurance, association fees, maintenance, and repairs.   Still, you could find that the monthly cost of homeownership is comparable to renting, especially if you make a sizable down payment. Landlords often pass the extra costs of homeowning onto tenants, so it’s not always the cheaper option.   Plus, even though you’ll be in charge of financing your home’s upkeep if you buy, you’ll also be the one who stands to benefit from the fruits of your investment. Every major upgrade, for example, not only makes your home a nicer place to live; it also helps boost your home's market value.   If you want to buy a home but aren’t sure you can afford it, give us a call to discuss your goals and budget. We can give you a realistic assessment of your options and help you determine if your homeownership dreams are within reach.     Can I qualify for a mortgage?   If you’re prepared to handle the costs of homeownership, you’ll next want to look into how likely you are to get approved for a mortgage.   Every lender will have its own criteria. But, in general, you can expect a creditor to scrutinize your job stability, credit history, and savings to make sure you can handle a monthly mortgage payment.   For example, lenders like to see evidence that your income is stable and predictable. So if you’re self-employed, you may need to provide additional documentation proving that your earnings are dependable. A lender will also compare your monthly debt payments to your income to make sure you aren’t at risk of becoming financially overextended.   In addition, a lender will check your credit report to verify that you have a history of on-time payments and can be trusted to pay your bills. Generally, the higher your credit score, the better your odds of securing a competitive rate.   Whatever your circumstances, it’s always a good idea to get preapproved for a mortgage before you start house hunting. Let us know if you’re interested, and we’ll give you a referral to a loan officer or mortgage broker who can help.   Want to learn more about applying for a mortgage? Reach out to request a copy of our report: “8 Strategies to Secure a Lower Mortgage Rate”     How would owning a home change my life?   Before you begin the preapproval process, however, it’s important to consider how homeownership would affect your life, aside from the long-term financial gains.   In general, you should be prepared to invest more time and energy in owning a home than you do renting one. There can be a fair amount of upkeep involved, especially if you buy a fixer-upper or overcommit yourself to a lot of DIY projects. If you’ve only lived in an apartment, for example, you could be surprised by the amount of time you spend maintaining a lawn.   On the other hand, you might relish the chance to tinker in your very own garden, make HGTV-inspired improvements, or play with your dog in a big backyard. Or, if you’re more social, you might enjoy hosting family gatherings or attending block parties with other committed homeowners.   The great thing about owning a home is that you can generally do what you want with it – even if that means painting your walls fiesta red one month and eggplant purple the next.   The choice – like the home – is all yours.       HAVE MORE QUESTIONS? WE’VE GOT ANSWERS   The decision to buy or rent a home is among the most consequential you will make in your lifetime. We can make the process easier by helping you compare your options using real-time local market data. So don't hesitate to reach out for a personalized consultation, regardless of where you are in your deliberations. We'd be happy to answer your questions and identify actionable steps you can take now to reach your long-term goals.   The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.     Sources: CNN -https://www.cnn.com/2022/08/11/homes/home-prices-second-quarter/index.html NPR - https://www.npr.org/2022/07/14/1109345201/theres-a-massive-housing-shortage-across-the-u-s-heres-how-bad-it-is-where-you-l Bankrate -https://www.bankrate.com/mortgages/5-year-real-estate-rule/ Federal Reserve Bank of St. Louis -https://fred.stlouisfed.org/series/MSPUS National Association of REALTORS - https://www.nar.realtor/blogs/economists-outlook/price-to-rent-ratios-by-state-from-2014-2019 National Association of REALTORS -https://www.nar.realtor/blogs/economists-outlook/single-family-homeowners-typically-accumulated-225K-in-housing-wealth-over-10-years Statista -https://www.statista.com/statistics/200223/median-apartment-rent-in-the-us-since-1980/

Mortgage rates have been on a roller coaster ride this year, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided when it comes to predicting where rates are headed next.1   This climate has been unsettling for some homebuyers and sellers. However, with proper planning, you can work toward qualifying for the best mortgage rates available today – and open up the possibility of refinancing at a lower rate in the future.   How does a lower mortgage rate save you money? According to Trading Economics, the average new mortgage size in the United States is currently around $410,000.2 Let’s compare a 5.0% versus a 6.0% fixed-interest rate on that amount over a 30-year term.   Mortgage Rate(30-year fixed) Monthly Payment on $410,000 Loan(excludes taxes, insurance, etc.) Difference in Monthly Payment Total Interest Over 30 Years Difference in Interest 5.0% $2,200.97   $382,348.72   6.0% $2,458.16 + $257.19 $474,936.58 + $92,587.86   With a 5% rate, your monthly payments would be about $2,201. At 6%, those payments would jump to $2,458, or around $257 more. That adds up to a difference of almost $92,600 over the lifetime of the loan. In other words, shaving off just one percentage point on your mortgage could put nearly $100K in your pocket over time.   So, how can you improve your chances of securing a low mortgage rate? Try these eight strategies:     Raise your credit score.   Borrowers with higher credit scores are viewed as “less risky” to lenders, so they are offered lower interest rates. A good credit score typically starts at 690 and can move up into the 800s.3 If you don’t know your score, check with your bank or credit card company to see if they offer free access. If not, there are a plethora of both free and paid credit monitoring services you can utilize.   If your credit score is low, you can take steps to improve it, including:4   Correct any errors on your credit reports, which can bring down your score. You can access reports for free by visiting AnnualCreditReport.com. Pay down revolving debt. This includes credit card balances and home equity lines of credit. Avoid closing old credit card accounts in good standing. It could lower your score by shortening your credit history and shrinking your total available credit. Make all future payments on time. Payment history is a primary factor in determining your credit score, so make it a priority. Limit your credit applications to avoid having your score dinged by too many inquiries. If you’re shopping around for a car loan or mortgage, minimize the impact by limiting your applications to a short period, usually 14 to 45 days.5   Over time, you should start to see your credit score climb — which will help you qualify for a lower mortgage rate.     Keep steady employment.   If you are preparing to purchase a home, it might not be the best time to make a major career change. Unfortunately, frequent job moves or gaps in your résumé could hurt your borrower eligibility.   When you apply for a mortgage, lenders will typically review your employment and income over the past 24 months.5 If you’ve earned a steady paycheck, you could qualify for a better interest rate. A stable employment history gives lenders more confidence in your ability to repay the loan.   That doesn’t mean a job change will automatically disqualify you from purchasing a home. But certain moves, like switching from W-2 to 1099 (independent contractor) income, could throw a wrench in your home buying plans.6     Lower your debt-to-income ratios.   Even with a high credit score and a great job, lenders will be concerned if your debt payments are consuming too much of your income. That’s where your debt-to-income (DTI) ratios will come into play.   There are two types of DTI ratios:7 Front-end ratio — What percentage of your gross monthly income will go towards covering housing expenses (mortgage, taxes, insurance, and dues or association fees)? Back-end ratio — What percentage of your gross monthly income will go towards covering ALL debt obligations (housing expenses, credit cards, student loans, and other debt)?   What’s considered a good DTI ratio? For better rates, lenders typically want to see a front-end DTI ratio that’s no higher than 28% and a back-end ratio that’s 36% or less.7   If your DTI ratios are higher, you can take steps to lower them, like purchasing a less expensive home or increasing your down payment. Your back-end ratio can also be decreased by paying down your existing debt. A bump in your monthly income will also bring down your DTI ratios.     Increase your down payment.   Minimum down payment requirements vary by loan type. But, in some cases, you can qualify for a lower mortgage rate if you make a larger down payment.8   Why do lenders care about your down payment size? Because borrowers with significant equity in their homes are less likely to default on their mortgages. That’s why conventional lenders often require borrowers to purchase private mortgage insurance (PMI) if they put down less than 20%.   A larger down payment will also lower your overall borrowing costs and decrease your monthly mortgage payment since you’ll be taking out a smaller loan. Just be sure to keep enough cash on hand to cover closing costs, moving expenses, and any furniture or other items you’ll need to get settled into your new space.     Compare loan types.   All mortgages are not created equal. The loan type you choose could save (or cost) you money depending on your qualifications and circumstances.   For example, here are several common loan types available in the U.S. today:9   Conventional — These offer lower mortgage rates but have more stringent credit and down payment requirements than some other types. FHA — Backed by the government, these loans are easier to qualify for but often charge a higher interest rate. Specialty — Certain specialty loans, like VA or USDA loans, might be available if you meet specific criteria. Jumbo — Mortgages that exceed the local conforming loan limit are subject to stricter requirements and may have higher interest rates and fees.10   When considering loan type, you’ll also want to weigh the pros and cons of a fixed-rate versus variable-rate mortgage:11   Fixed rate — With a fixed-rate mortgage, you’re guaranteed to keep the same interest rate for the entire life of the loan. Traditionally, these have been the most popular type of mortgage in the U.S. because they offer stability and predictability. Adjustable rate — Adjustable-rate mortgages, or ARMs, have a lower introductory interest rate than fixed-rate mortgages, but the rate can rise after a set period of time — typically 3 to 10 years.   According to the Mortgage Bankers Association, 10% of American homebuyers are now selecting ARMs, up from just 4% at the start of this year.12 An ARM might be a good option if you plan to sell your home before the rate resets. However, life is unpredictable, so it’s important to weigh the benefits and risks involved.     Shorten your mortgage term.   A mortgage term is the length of time your mortgage agreement is in effect. The terms are typically 15, 20, or 30 years.13 Although the majority of homebuyers choose 30-year terms, if your goal is to minimize the amount you pay in interest, you should crunch the numbers on a 15-year or 20-year mortgage.   With shorter loan terms, the risk of default is less, so lenders typically offer lower interest rates.13 However, it’s important to note that even though you’ll pay less interest, your mortgage payment will be higher each month, since you’ll be making fewer total payments. So before you agree to a shorter term, make sure you have enough room in your budget to comfortably afford the larger payment.     Get quotes from multiple lenders.   When shopping for a mortgage, be sure to solicit quotes from several different lenders and lender types to compare the interest rates and fees. Depending upon your situation, you could find that one institution offers a better deal for the type of loan and term length you want.Some borrowers choose to work with a mortgage broker. Like an insurance broker, they can help you gather quotes and find the best rate. However, if you use a broker, make sure you understand how they are compensated and contact more than one so you can compare their recommendations and fees.14   Don’t forget that we can be a valuable resource in finding a lender, especially if you are new to the home buying process. After a consultation, we can discuss your financing needs and connect you with loan officers or brokers best suited for your situation.     Consider mortgage points.   Even if you score a great interest rate on your mortgage, you can lower it even further by paying for points. When you buy mortgage points — also known as discount points — you essentially pay your lender an upfront fee in exchange for a lower interest rate. The cost to purchase a point is 1% of your mortgage amount. For each point you buy, your mortgage rate will decrease by a set amount, typically 0.25%.15 You’ll need upfront cash to pay for the points, but you can more than make up for the cost in interest savings over time.   However, it only makes sense to buy mortgage points if you plan to stay in the home long enough to recoup the cost. You can determine the breakeven point, or the period of time you’d need to keep the mortgage to make up for the fee, by dividing the cost by the amount saved each month.15 This can help you determine whether or not mortgage points would be a good investment for you.     Getting Started   Unfortunately, the rock-bottom mortgage rates we saw during the height of the pandemic are behind us. However, today’s 30-year fixed rates still fall beneath the historical average of around 8% — and are well below the all-time peak of 18.45% in 1981.16, 17   And although higher mortgage rates have made it more expensive to finance a home purchase, they have also eliminated some of the competition from the market. Consequently, today’s buyers are finding more homes to choose from, fewer bidding wars, and more sellers willing to negotiate or offer incentives such as cash toward closing costs or mortgage points.   If you’re ready and able to buy a home, there’s no reason that concerns about mortgage rates should sideline your plans. The reality is that many economists predict home prices to continue climbing.18 So you may be better off buying today at a slightly higher rate than waiting and paying more for a home a few years from now. You can always refinance if mortgage rates go down, but you can’t make up for the lost years of equity growth and appreciation.   If you have questions or would like more information about buying or selling a home, reach out to schedule a free consultation. We’d love to help you weigh your options, navigate this shifting market, and reach your real estate goals!     Sources: Washington Post -https://www.washingtonpost.com/business/2022/08/04/mortgage-rates-sink-below-5-percent-first-time-four-months/ Trading Economics -https://tradingeconomics.com/united-states/average-mortgage-size NerdWallet -https://www.nerdwallet.com/article/finance/what-is-a-good-credit-score Debt.org -https://www.debt.org/credit/improving-your-score/ The Balance -https://www.thebalance.com/will-multiple-loan-applications-hurt-my-credit-score-960544 Time -https://time.com/nextadvisor/mortgages/how-lenders-evaluate-your-employment/ Bankrate -https://www.bankrate.com/mortgages/why-debt-to-income-matters-in-mortgages/ NerdWallet -https://www.nerdwallet.com/article/mortgages/payment-buy-home Consumer Financial Protection Bureau -https://www.consumerfinance.gov/owning-a-home/loan-options/ NerdWallet -https://www.nerdwallet.com/article/mortgages/jumbo-loans-what-you-need-to-know Bankrate -https://www.bankrate.com/mortgages/arm-vs-fixed-rate/ MarketWatch -https://www.marketwatch.com/picks/as-mortgage-rates-rise-heres-exactly-how-more-homebuyers-are-snagging-mortgage-rates-around-4-01656513665 Consumer Financial Protection Bureau -https://www.consumerfinance.gov/owning-a-home/loan-options/#anchor_loan-term_361c08846349fe Federal Trade Commission -https://consumer.ftc.gov/articles/shopping-mortgage-faqs Bankrate -https://www.bankrate.com/mortgages/mortgage-points/ CNBC -https://www.cnbc.com/select/mortgage-rates-today-still-relatively-low/ Rocket Mortgage -https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed MarketWatch -https://www.marketwatch.com/picks/continuing-home-price-deceleration-heres-what-5-economists-and-real-estate-pros-predict-will-happen-to-the-housing-market-this-year-01659347993

    The process of buying a new home can be both exhilarating and exhausting. But the journey doesn’t stop when you close on your property. On the contrary, you still have quite a bit to do before you can begin the process of settling into your new place.   Fortunately, you don’t have to do everything in a day. You don’t have to do it all alone, either. When you work with us to sell or purchase a home, you’ll have an ally by your side long after your transaction has closed. We’ll continue to be a resource, offering advice and referrals whenever you need them on packing, hiring movers and contractors, and acclimating to your new home and neighborhood.   When it comes to a life event as stressful as moving, it pays to have a professional by your side. Here are some of our favorite pro tips to share with clients as they prepare for an upcoming move.   Watch out for moving scams.   Maybe you receive a flyer for a moving company in the mail. Perhaps you find a mover online. Either way, never assume that you’re getting accurate information. According to the Better Business Bureau, moving-related fraud is on the rise. In 2021 alone, individuals and families reported more than $730,000 lost to moving scams, an increase of 216% over the previous year.1   How can you tell if a moving deal is too good to be true? Trust your instincts. If the price appears too low or you can’t pin down the mover’s physical business address, try someone else. The same goes for any moving company representative who dodges questions. Reputable movers should offer transparent pricing, conduct in-home estimates, and provide referrals and copies of their insurance documents upon request.2 For help finding trustworthy movers, reach out. We’d be happy to share our recommendations.    Insure your belongings.   Your moving company promises to take care of your custom piano or your antique furniture. But don’t just take their word for it. Ask to see how much insurance they carry and talk about how the claims process works. That way, you’ll know what is (and isn’t) covered in case of loss or damage.   Of course, some items are priceless because they’re irreplaceable. You might want to move your more sensitive valuables (jewelry, documents, family heirlooms, etc.) in your own vehicle just to be safe. For added peace of mind, call your rental or home insurance provider if you’re moving anything yourself. You might already be protected or be able to purchase extra insurance to cover your move. If those options are unavailable, you could opt for moving insurance from a third-party carrier.3   Start packing when you start looking for a new home.   As soon as your house hunting begins in earnest, think about packing away things you won’t need for the next few months. These could include seasonal or holiday decor, clothing, and books. Tackling just one or two boxes a day will give you a head start.   If you're going to put your current home on the market, you'll want to declutter anyway. Decluttering will make your home seem larger, and depersonalizing helps buyers envision their own items in the space. Consider selling, donating, or throwing out possessions you no longer need. The things you want to keep can be placed in storage until you officially start moving to a new place.   Pack to make unpacking easier.   Have you ever opened a packed box only to find that it’s filled with an assortment of items that don’t belong together? This isn’t efficient and will only make unpacking harder. A better way to pack is to bundle items from a single room in a labeled box. Labels can let movers know (and remind you) where to place each box, whether it’s fragile, and which side needs to be up. Some people like to assign colors to each room in their new home to make distributing color-coded boxes a breeze.   Feel free to unleash your inner organizer with this project. For example, you could create a spreadsheet and assign each box a number. As boxes are packed, simply fill in the spreadsheet with a list of contents. Anyone with access to the spreadsheet can log in and quickly find the desired item.   Think outside the box when transporting clothes.   Who wants to worry about boxing up clothes? If you plan on hiring professional movers, ask if you can leave clothing in your dressers. In many cases, they will use plastic to wrap the dresser so the drawers don’t fall out during transport. If keeping your clothes in your furniture makes it too heavy, the movers might be able to wrap and move drawers by themselves.   Another easy transport trick involves turning clean garbage bags into garment bags. Poke a hole in the bottom of a garbage bag, turn the bag upside down, slide it over five to seven garments on hangers, and lay the items flat in the back seat or trunk of your vehicle. The bags will help prevent wrinkling, and your clothes will be ready to hang up when you get to your new home.   Document prior to disassembling appliances and furnishings.   Few things are as confusing as looking at a plastic baggie filled with nuts, bolts, and screws from your disassembled dining room table or sorting through a box of electrical wires and cords to see which ones fit your TV.   The best workaround to easier reassembly is to document the disassembly process. Take photos and videos or thorough notes as you go. Whether it’s your headboard or treadmill, be very precise. And just a tip: Construct your beds first when you get to your new home. After a long moving day, the very last thing you want is to be assembling beds into the wee hours of the morning.   Prioritize unpacking kids’ rooms.   Children can become very stressed by a big move. To ease their transition, consider prioritizing unpacking their rooms as their “safe zones.”4 You aren’t obligated to unpack everything, certainly. However, set up your children’s rooms to be functional. That way, your kids can hang out in a private oasis away from the chaos while you’re running around and moving everything else.   Depending upon how old your youngsters are, you might want to give them decorating leeway, too. Even if it’s just letting them choose where furniture goes, it gives them a sense of buy-in. This can help ease the blues of leaving a former home they loved.   Be a thoughtful pet parent.   Many types of pets can’t handle the commotion of moving day. Knowing this, be considerate and seek ways to give your pets breaks from the action. You might ask a friend to pet sit your pooch or keep your kitty in a quieter room, like a guest bathroom.   Be sure to check in on your pet frequently. Pets like to know that you’re around. Give them treats, food, and water throughout the day. When it’s time to transport your pet, do it calmly. At your new property, give your pet access to just a room or two at first. Pets typically prefer to acclimate themselves slowly to unfamiliar environments.5   Plan for your move like you’re planning for an exciting vacation.   When you plan vacations, you probably look up local restaurants, shops, and recreational areas. Who says you can’t do the same thing when moving? Create a list of all the places you want to go and things you want to do around your newly purchased home. Having a to-explore list keeps everyone’s spirits high and gives you starting points to settle into the neighborhood.   And don’t feel that you have to cook that first night. Once the moving trucks are gone, you can always pop over to a local eatery or order DoorDash for major convenience. The first meal in your new home should be a happy, welcoming treat. And if you’re relocating to our neck of the woods, we would love to introduce you to all the hot spots in town and recommend our local favorites.   Pack an “Open Me First!” box.   You won’t be able to unpack all your boxes in one day, but you shouldn’t go without your sheets, pillows, or toothbrush. Designate some boxes with “Open Me First!” labels. (Pro tip: Keep a tool kit front and center for all that reassembling.)   Along these lines, use luggage and duffel bags to transport everyone’s personal must-have items and enough clothing for a couple of days. That way, you won’t have to rummage through everything in the middle of your move looking for sneakers or snacks.   When packing your “Open Me First!” boxes, think about which items you’ll need in those first 24 hours. For example, toilet paper and hand soap are musts. A box cutter will make unpacking a lot easier, and paper towels and trash bags are sure to come in handy. Reach out for a complete, printable list of “Open Me First!” box essentials to keep on hand for your next move!     LET’S GET MOVING   Getting the phone call from your real estate agent that your bid was accepted is a thrilling moment. Make sure you keep the positivity flowing during the following weeks by mapping out a streamlined, efficient move. Feel free to get in touch with us today to help make your big move your best move.     Sources:   Better Business Bureau - https://www.bbb.org/article/scams/24198-bbb-scam-alert-avoid-moving-scams-this-national-moving-mont Move.org -https://www.move.org/how-to-tell-moving-company-scam/ Forbes -https://www.forbes.com/advisor/homeowners-insurance/moving-insurance/ New York Times -https://www.nytimes.com/2020/07/13/parenting/moving-tips-kids.html ASPCA -https://www.aspca.org/pet-care/general-pet-care/moving-your-pet

  No matter what’s going on in the housing market, the process of selling a home can be challenging. Some sellers have a hard time saying goodbye to a treasured family residence. Others want to skip ahead to the fun of decorating and settling into a new place. Almost all sellers want to make the most money possible.   Whatever your circumstances, the road to the closing table can be riddled with obstacles — from issues with showings and negotiations to inspection surprises. But many of these complications are avoidable when you have a skilled and knowledgeable real estate agent by your side.   For example, here are seven common mistakes that many home sellers make. These can cause anxiety, cost you time, and shrink your financial proceeds. Fortunately, we can help you avert these missteps and set you up for a successful and low-stress selling experience.     MISTAKE #1: Setting an Unrealistic Price   Many sellers believe that pricing their homes high and waiting for the “right buyers” to come along will net them the most money. However, overpriced homes often sit on the market with little activity, which can be the kiss of death in real estate — and result in an inevitable price drop.1   Alternatively, if you price your home at (or sometimes slightly below) market value, it can be among the nicest that buyers see within their budgets. This can increase your likelihood of receiving multiple offers.2   To help you set a realistic price from the start, we will do a comparative market analysis, or CMA. This integral piece of research will help us determine an ideal listing price based on the amount that similar properties have recently sold for in your area.   Without this data, you risk pricing your home too high (and getting no offers) or too low (and leaving money on the table). We can help you find that sweet spot that will draw in buyers without undercutting your profits.      MISTAKE #2: Trying to Time the Market   You’ve probably heard the old saying, “Buy low and sell high.” But when it comes to real estate, that’s easier said than done.   Delaying your home sale until prices have hit their peak may sound like a great idea. But sellers should keep these factors in mind:   Predicting the market with certainty is nearly impossible. If you wait to buy your next home, its price could increase as well. This may erode any additional proceeds from your sale. If mortgage rates are rising, your pool of potential buyers could shrink — and you would have to pay more to finance your next purchase.   Instead of trying to time the market, choose your ideal sales timeline. This may be based on factors like your personal financial situation, shifting family dynamics, or the seasonal patterns in your neighborhood. We can help you figure out the best time to sell given your individual circumstances.     MISTAKE #3: Failing to Address Needed Repairs   Many sellers hope that buyers won’t notice their leaky faucet or broken shutters during home showings. But minor issues like these can leave buyers worrying about more serious — and costly — problems lurking out of sight.   Even if you do receive an offer, there’s a high likelihood that the buyer will hire a professional home inspector, who will flag any defects in their report. Neglecting to address a major issue could lead buyers to ask for costly repairs, money back, or worse yet, walk away from the purchase altogether.   To avoid these types of disruptions, it’s important to make necessary renovations before your home hits the market. We can help you decide which repairs and updates are worth your time and investment. In some cases, we may recommend a professional pre-listing inspection.   This extra time and attention can help you avoid potential surprises down the road and identify any major structural, system, or cosmetic faults that could impact a future sale.3     MISTAKE #4:  Neglecting to Stage Your Home   Staging is the act of preparing your home for potential buyers. The goal is to “set the stage” to help buyers envision themselves living in your home. Some sellers opt to skip this step, but that mistake can cost them time and money in the long run. A 2021 survey by the Real Estate Staging Association found that, on average, staged homes sold nine days faster and for $40,000 over list price.4   Indoors, staging could include everything from redecorating, painting, or rearranging your furniture pieces to removing personal items, decluttering, and deep cleaning. Outdoors, you might focus on power washing, planting flowers, or hanging a wreath on the front door.   You may not need to do all these tasks, but almost every home can benefit from some form of staging. Before your home hits the market, we can refer you to a professional stager or offer our insights and suggestions if you prefer the do-it-yourself route.     MISTAKE #5: Evaluating Offers on Price Alone   When reviewing offers, most sellers focus on one thing: the offer price. While dollar value is certainly important, a high-priced offer is worthless if the deal never reaches the closing table. That’s why it’s important to consider other factors in addition to the offer price, such as:   Financing and buyer qualifications Deposit size Contract contingencies Closing date Leaseback options   Depending on your circumstances, some of these factors may or may not be important to you. For example, if you’re still shopping for your next home, you might place a high premium on an offer that allows for a flexible closing date or leaseback option.   Buyers and their agents are focused on crafting deals that work well for them. We can help you assess your needs and goals to select an offer that works best for you.     MISTAKE #6: Acting on Emotion Instead of Reason   It’s only natural to grow emotionally attached to your home. That’s why so many sellers end up feeling hurt or offended at some point during the selling process. Low offers can feel like insults. Repair requests can feel like judgments. And whatever you do — don’t listen in on showings through your security monitoring system. Chances are, some buyers won’t like your decor choices, either!   However, it’s a huge mistake to ruin a great selling opportunity because you refuse to counter a low offer or negotiate minor repairs. Instead, try to keep a cool head and be willing to adjust reasonably to make the sale. We can help you weigh your decisions and provide rational advice with your best interests in mind.     MISTAKE #7: Not Hiring an Agent   There’s a good reason 90% of homeowners choose to sell with the help of a real estate agent. Homes listed by agents sold for 22% more than the average for-sale-by-owner home, according to a recent study by the National Association of Realtors.5   Selling a home on your own may seem like an easy way to save money. But in reality, there is a steep learning curve. And a listing agent can:   Skip past time-consuming problems Use market knowledge to get the best price Access contacts and networks to speed up the selling process   If you choose to work with a listing agent, you’ll save significant time and effort while minimizing your personal risk and liability. And the increased profits realized through a more effective marketing and negotiation strategy could more than make up for the cost of your agent’s commission.   We can navigate the ins and outs of the housing market for you and make your selling process as stress-free as possible. You may even end up with an offer for your home that’s better than you expected.     BYPASS THE PITFALLS WITH A KNOWLEDGEABLE GUIDE   Your home selling journey doesn’t have to be hard. When you hire us as your listing agent, we’ll develop a customized sales plan to help you get top dollar for your home without any undue risk, stress, or aggravation. If you’re thinking of buying or selling a home, reach out today to schedule a free consultation and home value assessment.     Sources: The Washington Post -https://www.washingtonpost.com/business/2019/07/22/just-because-its-sellers-market-doesnt-mean-you-should-overprice-your-home/ Realtor.com -https://www.realtor.com/advice/sell/spark-a-bidding-war-for-your-home/ American Society of Home Inspectors - https://www.homeinspector.org/Newsroom/Articles/Before-You-Sell-6-Reasons-to-Get-a-Pre-Listing-Inspection/15766/Article Real Estate Staging Association -https://www.realestatestagingassociation.com/content.aspx?page_id=22&club_id=304550&module_id=164548 National Association of Realtors -https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics  

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 FASTER THAN EXPECTED   Over the past couple of years, homebuyers have faced intense competition for new homes—in part due to historically low mortgage rates that were a result of the Federal Reserve’s efforts to keep the economy afloat during the COVID-19 pandemic.   However, in response to a concerning level of inflation, the Fed is now reversing those efforts by raising the federal funds rate. And as a result, mortgage rates are rising, as well. Few experts predicted, though, that mortgage rates would go up as quickly as they have.   In January 2022, the Mortgage Bankers Association projected that rates would reach 4% by the end of this year.2 By mid-April, however, the average 30-year fixed mortgage rate had already hit 5%, up from around 3% just one year prior.3 On a $400,000 mortgage, that 2% difference could translate into an additional $461 per monthly payment.   Since then, mortgage rates have continued on an upward trend. So what impact are these rising rates having on demand? While many buyers had hoped for a cooling effect, experts warn that may not be the case.   Ali Wolf, chief economist at housing market research firm Zanda, told Fortune magazine, "Rising mortgage rates are having a counterintuitive effect on the housing market. Home shoppers are actually sprung into action in an attempt to buy a home before mortgage rates rise any higher."4   Since inventory remains low, the resulting “race” has kept the homebuying market highly competitive–at least for now.   What does it mean for you?   While current 30-year fixed mortgage rates represent an increase over previous months, they remain well below the historical average of 8%.5 As inflation across the economy continues, the Fed is likely to raise rates further this year. Buyers should act fast to secure a good mortgage rate. We’d be happy to refer you to a lender who can help.   For sellers, speed is also of the essence. The pool of potential buyers may shrink as mortgages become more expensive. And if you plan to finance your next home, you’ll want to act quickly to secure a favorable rate for yourself. Contact us today to discuss your options.     HOME PRICES KEEP CLIMBING   History shows that higher interest rates don’t necessarily translate to lower home prices. In fact, home prices rose 5% between 1980 and 1982, a period of significantly higher mortgage rates and inflation.5   Forecasters expect that home prices will continue to go up throughout 2022, though likely at a slower pace than the 18.8% increase of the last 12 months.4 Bank of America predicts that prices will be up approximately 10% by the end of this year, while Fannie Mae estimates 11.2%.6,7   In addition to limited supply and a race to beat rising mortgage rates, home values are also climbing because of positive economic indicators, like low unemployment.8 Plus, rents are soaring–up 17% from a year ago–which is prompting more first-time homebuyers to enter the market.9 Add to that the continued popularity of remote work, and it’s easy to see why property prices continue to surge.   However, it’s not all bad news for prospective homebuyers. Economists expect that as mortgage rates rise, the rate of appreciation will continue to taper, though the effect may be gradual.   “Eventually mortgage rates will slow down home prices,” according to Ken Johnson, an economist at Florida Atlantic University interviewed by Marketwatch.10 “We should not see rapid upticks in prices as mortgage rates rise.” Forecasters agree—Fannie Mae expects price increases to slow to 4.2% in 2023.7   What does it mean for you?   While the pace of appreciation is likely to decrease next year, home prices show no signs of going down. However, current labor shortages are leading to higher salaries and better job opportunities for many workers. You may find that your income growth outpaces home prices, making homeownership more affordable for you in the future.   For homeowners, the outlook’s even brighter. You could find yourself sitting on a nice pile of equity. Contact us for a free home value assessment to find out.     INVENTORY REMAINS EXTREMELY LOW   As noted, one of the largest hurdles to homeownership is a lack of inventory. According to a February 2022 report by Realtor.com, there’s an expanding gap between household formation and home construction, which has resulted in a nationwide shortage of 5.8 million housing units.11   The origins of this shortage date back to the 2008 housing crisis, during which crashing home values led contractors to stop building new properties—a trend that has not been fully reversed.12   That decline in home construction also resulted in a decrease in the number of home building professionals, a trend that was exacerbated by job losses during the COVID-19 pandemic. Now, many builders are limited by their ability to find qualified labor.   Another major challenge is a staggering increase in the cost of materials. Pandemic-related supply chain shortages have been a significant driver, with home building material costs rising on average 20% on a year-over-year basis. The price of framing lumber alone has tripled since August 2021.13   These trends add tens of thousands of dollars to the cost of a typical home. Factors like a lack of buildable land in many areas, restrictive zoning, and a shortage of developers are also contributing to the issue.14   Most homebuying experts agree that the lack of inventory is the primary factor driving rising housing prices and unprecedented competition for homes. With available housing units near four-decade lows, the end of the current housing boom is not yet in sight.15   What does it mean for you?   Prospective buyers should be prepared to compete for a home, since low inventory can lead to multiple offers. You may also need to expand your search parameters. If you’re ready to look, we’re ready to help.   For sellers, the picture is rosier. In this strong market, your home may be worth more than you realize. Contact us to find out how much your home could sell for in today’s market.     WE’RE HERE TO GUIDE YOU   While national real estate trends can provide a “big picture” outlook, real estate is local. And as local market experts, we can guide you through the ins and outs of our market and the local issues that are likely to drive home values in your particular neighborhood.   If you’re considering buying or selling a home, contact us now to schedule a free consultation. We can help you assess your options and make the most of this unique real estate landscape.     Sources: Marketwatch - https://www.marketwatch.com/picks/home-price-appreciation-will-normalize-what-5-economists-and-real-estate-pros-predict-will-happen-to-home-prices-in-2022-01646940841 Bankrate -https://www.bankrate.com/mortgages/mortgage-rate-forecast CNBC -https://www.cnbc.com/2022/04/16/heres-how-much-the-same-mortgage-costs-now-compared-to-last-year.html Fortune -https://fortune.com/2022/03/23/housing-market-interest-rate-economic-shock/ National Association of Realtors -https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-april-07-2022 Fortune -https://fortune.com/2022/03/16/home-prices-2022-2023-bank-of-america-forecast-mortgage-rates/ Fortune -https://fortune.com/2022/03/07/what-home-prices-will-look-like-2023-fannie-mae/ Fortune -https://fortune.com/2022/03/17/home-prices-drop-housing-markets-california-michigan-massachusetts-corelogic/ CNN -https://www.cnn.com/2022/03/23/success/us-national-rent-february/index.html MarketWatch -https://www.marketwatch.com/story/home-prices-increase-at-one-of-the-fastest-rates-on-record-but-higher-mortgage-rates-should-slow-future-growth-11648559497 Realtor.com -https://www.realtor.com/research/us-housing-supply-gap-expands/ NPR -https://www.npr.org/2022/03/29/1089174630/housing-shortage-new-home-construction-supply-chain Investopedia -https://www.investopedia.com/housing-market-dips-in-early-march-2022-5222449 NPR -https://www.npr.org/2022/03/29/1089174630/housing-shortage-new-home-construction-supply-chain Fortune -https://fortune.com/2022/03/14/housing-market-key-metric-inventory-zillow-bad-for-buyers/

  Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added fuel to the fire.1   Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.   Yes, a high offer price gets attention. But most sellers consider a variety of factors when evaluating an offer. With that in mind, here are five tactics you can utilize to sweeten your proposal and outshine your competition.   We can help you weigh the risks and benefits of each tactic and craft a compelling offer designed to get you your dream home—without giving away the farm.   1.   Demonstrate Solid Financing The reality is, no one gets paid if a home sale falls through. That’s why sellers (and their listing agents) favor offers with a high probability of closing.   Sellers particularly love all-cash offers because there’s no chance of financing issues cropping up at the last moment. But don’t despair if you can’t pay cash for your home. According to the National Association of Realtors, only about 1 in 4 home purchases are all-cash deals, which means the vast majority are financed with a mortgage.2   If sellers are assured that financing will come through, buying with a mortgage doesn’t have to be a big disadvantage. The most important step you can take as a buyer is to get preapproved before you start looking for homes. A preapproval letter shows sellers that you are serious about buying and that you will be able to make good on your offer.   It’s also important to consider the reputation of your lender. While sellers may not know or care about a lender’s reputation, their agents often do. Some lenders are much easier to work with than others, especially if you are pursuing certain types of mortgages like FHA or VA loans.3 If so, you’ll want a lender who specializes in these types of mortgages. If you’re unsure who to choose, we are happy to refer you to reputable lenders known for their ease of doing business.   2.   Put Down a Sizeable Deposit Buyers can show sellers that they’re serious about their offer and have “skin in the game” by putting down a large earnest money deposit.   Earnest money is a deposit held in escrow by a title company or the seller’s broker or lawyer.  If the purchase goes through, it is applied to the down payment and closing costs—if the sale falls through, the buyer may lose some or all of that deposit.   While an earnest money deposit is typically around 1-2% of the sale price, offering a higher deposit can help demonstrate to the buyer that you are serious about the property.4 However, this strategy can also be risky. We can help you determine an appropriate deposit to offer based on your specific circumstances.   3.   Ask for Few (or No) Contingencies Most real estate offers include contingencies, which are clauses that allow one or both parties to back out of the agreement if certain conditions are not met. These contingencies appear in the purchase agreement and must be accepted by both the buyer and seller to be legally binding.5   Common contingencies include: Financing: A financing contingency gives the buyer a window of time in which to secure a mortgage. If they are unable to do so, they can withdraw from the purchase and the seller can move on to other buyers. Inspection: An inspection contingency gives the buyer the opportunity to have the home professionally inspected for issues with the structure, wiring, plumbing, etc. Typically, the seller may choose whether or not to remediate those issues; if they do not, the buyer may withdraw from the contract. Appraisal: Most lenders will not offer a mortgage on a home that costs more than it's worth. An appraisal contingency gives the buyer an opportunity to get the home professionally assessed to ensure that its value is at or above the sales price. If an appraisal comes in low, the seller may be asked to renegotiate the contract. Sale of a prior home: Some buyers cannot afford to purchase a new home until they sell their previous one. If the buyer is unable to sell their current home within a specified window of time, this contingency enables them to withdraw from the contract without penalty.   Since contingencies reduce the likelihood that a sale will go through, they generally make an offer less desirable to the seller. The more contingencies that are included, the weaker the offer becomes. Therefore, buyers in a competitive market often volunteer to waive certain contingencies.   However, it’s very important to make this decision carefully and recognize the risks of doing so. For example, a buyer who chooses to waive a home inspection contingency may find out too late that the home requires extensive renovations, and a buyer who waives the appraisal may risk their mortgage falling through. If you back out of a home purchase without the protection of a contingency, you could lose your earnest money deposit.6 We can help you assess the risks and benefits involved.   4. Offer a Flexible Closing Date and/or Leaseback Option When it comes to selling a house, money isn’t everything. People sell their homes for a wide variety of reasons, and flexible terms that work with their personal situations can sometimes make all the difference. For example, if a seller is in the process of planning a significant move, they may prefer a longer closing timeline that gives them time to find housing in their new location.   Similarly, short-term leaseback options, in which the sale is completed but the seller retains the right to rent the home for a specified period of time, can be compelling.7 These arrangements enable the seller to use the money from the sale of their home to purchase their next house. A leaseback agreement also makes it possible for them to avoid moving twice when their next home is not yet ready to occupy.   Flexible closing dates and leaseback options can provide a powerful advantage for first-time homebuyers. If you have a month-to-month or easily transferable lease, for example, you may be able to offer a more flexible timeline than a buyer who is simultaneously selling their existing home.   Of course, the value of these terms depends on the seller’s situation. We can reach out to the listing agent to find out the seller’s preferred terms, and then collaborate with you to write a compelling offer that works for both parties.   5. Work With a Skilled Buyer’s Agent In this ultra-competitive real estate market, one of the greatest advantages you can give yourself is to work with a skilled and trustworthy real estate professional. We will make sure you fully understand the process and help you submit an appealing offer without taking on too much risk.   Plus, we know how to write offers that are designed to win over both the seller and their listing agent. The truth is, listing agents play a huge role in helping sellers evaluate offers, and they want to work with skilled buyer’s agents who are professional, communicative, and courteous.   Once your offer is accepted, we’ll also handle any further negotiations and coordinate all the paperwork and other details involved in your home purchase. The best part is, you’ll have a knowledgeable, licensed advocate on your side who is watching out for your best interests every step of the way.   Helping You Get to the Right Offer In many cases, a competitive offer doesn’t need to be all-cash, contingency-free, or significantly above asking price. But if you’re serious about buying a home in today’s market, it’s important to consider what you can do to sweeten the deal.   If you’re a buyer, we can help you compete in today’s market without getting steamrolled. And if you’re a seller, we can help you evaluate offers by taking all the relevant factors into account. Contact us today to schedule a free consultation.     Sources: National Association of Realtors -https://www.nar.realtor/newsroom/pending-home-sales-dwindle-4-1-in-february National Association of Realtors -https://www.nar.realtor/newsroom/existing-home-sales-fade-7-2-in-february Forbes -https://www.forbes.com/advisor/mortgages/housing-crisis-tips/ Realtor.com -https://www.realtor.com/advice/finance/earnest-money-deposit-mistakes-buyers-make/ Bankrate -https://www.bankrate.com/real-estate/contingency-clause/ Home Buying Institute -http://www.homebuyinginstitute.com/mortgage/risks-of-waiving-a-contingency/ Realtor.com -https://www.realtor.com/advice/sell/what-is-a-rent-back-agreement