The Right Expert Will Guide You Through This Unprecedented Market

In a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. That person can advise you on important things like pricing your home correctly or the first steps to take when you’re ready to buy. However, the market we’re in today is far from normal. As a result, an expert isn’t just good to have by your side – an expert is essential.

It’s crucial right now to work with a real estate expert who understands how the market is changing and what that means for home buyers and sellers. If you’re planning to make a move this year, let’s connect so you have someone who can answer your questions, give you the best advice, and guide you along the way.

Why is This Not Like 2008 Again

During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy.

The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. However, it hasn’t rattled the world economy. It seems that a year later, things are slowly getting back to normal for many companies.

Many have suffered over the past year. However, the economic toll of the current recession was nowhere near the scope of the Great Recession, and it won’t result in a housing crisis.

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home. As a result, the listing price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking, but that is what is happening today in the Real Estate Market we are presently experiencing.

Someone who’s more familiar with the housing market of the past than that of today may think it’s foolish to offer more for a home than the listing price. However, frequent and competitive bidding wars are creating an auction-like atmosphere in many real estate transactions right now. Let’s connect today so you have a trusted real estate professional on your side to provide the best advice on how to make a competitive offer on a home.

.Why You May Want To Cash in on Your Second Home

If you purchased a larger second home during the pandemic, you were able to make day-to-day life much easier for those important to you. You also made it much safer. However, with those goals already accomplished, you now need to decide whether to continue paying the extra expenses or sell the house and cash in your profit. If you decide selling makes sense, let’s connect today to discuss the value of your second home.

Where Do Experts Say the Housing Market Is Heading?

As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. Experts are optimistic about the second half of the year. Let’s connect today to talk more about the conditions in our local market.

Should I Move or Refinance my Home?

Whether you’re refinancing your house or moving to a new home, your current mortgage rate and your level of equity are crucial in your decision-making process. Look at your mortgage documentation to find out your interest rate, and then let’s connect to determine the potential equity in your home. You may be surprised by the opportunities you have.

Experts Say Home Prices Will Continue to Appreciate

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. If you’re concerned about making the decision to buy or sell right now, let’s connect to discuss what’s happening in our local market.

Will The Housing Market Maintain Momendum

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. Living through a pandemic has caused many to re-evaluate the importance of a home and the value of homeownership. The residential real estate market will benefit from both as we move forward.

Are We In a Real Estate Bubble?

In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.

When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”

Today’s housing market is healthy, and rising prices are driven by real buyer demand. Let’s connect to talk about the best ways to navigate such an energetic market.

What It Means To Be in a Sellers’ Market

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.

Buyer & Seller "Perks" in Today’s Housing Market

Contrary to what you may think, right now, the housing market is full of outstanding opportunities for BOTH buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Let’s connect today to discuss how these favorable conditions play to your advantage in our local area.

Why You Should Think About Listing Prices Like an Auction’s Reserve Price

The record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more than the list price. In some cases, they sell for a lot more. Someone who’s more familiar with the housing market of the past than that of today may think offering more for a home than the listing price is foolish. However, frequent and competitive bidding wars are creating an auction-like atmosphere in many real estate transactions. Let’s connect so you have the best advice on how to make a competitive offer on a home in our local market.

6 Simple Graphs Proving This Is Nothing Like Last Time

With home prices rising before our eyes, many are concerned that we’re making the same mistakes that led to the housing crash, take a look at the charts and graphs in this article to help alleviate your fears.

Home Prices: What Happened in 2020? What Will Happen This Year?

2021 Housing Market, Buyers, Home Buying, Home Equity, Home Selling, Phoenix Real Estate, Real Estate Statistics, SellersLyn TrayteMarch 2, 2021buyers, Sellers, Sellers Market, Home prices, Home appreciation, 2021 Housing Market, Home Price ForecastComment

The Best time to Sell (or Buy) is NOW!!!

Yes, it is a strong Seller's Market which put's Sellers in a great position to sell. With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat. However, increased demand and less supply also means home equity is continuing to rise for buyers who fight to become homeowners….so it is not a losing proposition for you either.
If you are a buyer dealing with the frenzy and thinking you’ll wait until this settles down and prices start dropping - it will be a long wait and you will lose your equity advantage and interest rate levels, as both continue to rise. THE BEST TIME TO BUY IS IN A SELLER’S MARKET!!!

Whether a buyer or a seller, let’s connect today if you’re ready to learn how my experience can help you in today’s hot housing market #helpfulagent #trustedadvisor #homevalues #phoenixmarket #seller #homebuying #buyersfrenzy #homeequity

Where Have All the Houses Gone?

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market while buyers continue to compete for homes.

3 Reasons We’re Definitely Not in a Housing Bubble

Phoenix area housing is at an all time low, with the over 350 people moving to the Valley PER DAY creating mass demand. As a result, prices are rising at an amazing rate....in some areas 17-20% over the previous year. This is causing many people to believe we are in a bubble, reminiscent of what we experienced in 2005-6, and headed towards another Real Estate bust. That is not the case. Read on to find out why not,k and contact me to see how you can take advantage of this market and why now is the time to buy or sell.

Turn to an Expert for the Best Advice, Not Perfect Advice

Realtors are your source for Market information but we don’t know everything. Contrary to popular belief, we don’t have crystal balls. We can make some predictions by knowing the latest statistics and staying current with our education and our market knowledge. If you want a Realtor who can advise you to the best of her ability - contact me and lets see how I can help.

What Record-Low Housing Inventory Means for You

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. You need to know what that means for you, whether you’re buying, selling, or doing both. Contact me to help guide you through the process./

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

The pandemic has led to both personal and economic hardships for many American households. The overall residential real estate market, however, has weathered the storm and will continue to do so in 2021. Read on…