In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price. While this is great news for today’s sellers, it can be tricky to navigate if the price of your contract doesn’t match up with the appraisal for the house. It’s called an appraisal gap, and it’s happening more in today’s market than the norm. Whether you’re buying or selling, let’s connect so you have an ally throughout the process to help you navigate the unexpected, including appraisal gaps.

5 Things Homebuyers Need To Know When Making and Offer

When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. When it’s time to make an offer, it’s important to consider not just what you need, but what the seller may need too. Let’s connect so you have expert advice on this step in the homebuying process to put your best offer on the table.

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.

What’s Motivating People To Move Right Now?

This year, Americans are moving for a variety of reasons. The health crisis has truly reshaped our lifestyles and our needs. Spending so much more time in our current homes has driven many people to reconsider what homeownership means and what they find most valuable in their living spaces.If you’re clamoring for more room to accommodate your changing needs, making a move may be your best bet, especially while you can take advantage of today’s low mortgage rates. It’s a great time to get more home for your money, just when you need it most.

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.

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.

3 Graphs Showing Why You Should Sell Your House Now

2021 Housing Market, Buyers, Home Buying, Phoenix Real Estate, Real Estate Statistics, SellersLyn TrayteMay 10, 2021Buyers, Buyers Frenzy, Sellers Market, Sellers, Sell Now, Phoenix Market, 2021 Housing Market, Real Estate Offers, Real Estate StatisticsComment

Why Waiting to Buy a Home Could Cost You a Small Fortune

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs.

To determine if they should buy now or wait another year, they both need to ask two simple questions:

Do I think home values will be higher a year from now?
Do I think mortgage rates will be higher a year from now?

Let’s shed some light on the answers to these questions.

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.

Homeownership Is Full of Financial Benefits

The idea of homeownership as a direct way to build your net worth has met the test of time. Let’s connect if you’re ready to take steps toward becoming a homeowner.

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

Saving for a down payment can seem like a daunting task, but it doesn’t have to be. This year, your tax refund and your stimulus savings could add up big when it comes to reaching your homeownership goals.

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.

How to Make Winning Offer on a Home

Today’s competitive market makes it more important than ever to make a strong offer on a home. Let’s connect to make sure you rise to the top along the way.

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.

Home Mortgage Rates over the Decades

Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home.

Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last forever.

If you’re in a position to buy a home, let’s connect to determine your best move in today’s housing market while interest rates are still in your favor.