What Will the Market Look Like in 2017?

2016 was a great year for real estate, but it’s time to see what the 2017 market will look like.

Selling your home? Get a free home valuation

Buying a home? Search all homes for sale on the MLS

Happy New Year!

Before I get started with the new year market update, I wanted to take a moment to say thank you for working with us in the past. We look forward to helping you in any way we can in 2017.

2016 was a very exciting year for real estate, and all signs point to last year’s trends continuing into 2017.

Over the next few years, we should see a consistent appreciation. We won’t see the high peaks that we’ve seen in the past, and economists are predicting a steady appreciation of maybe 3% or 4%. This means the market will continue to grow and stay healthy.

One of the biggest problems we are facing right now is low inventory. If you are looking to sell your home, don’t wait until spring to put your home on the market. Consult with us over the next 30 days and let us get you prepped to get your home sold before the competition rises in the spring.

A hot topic in the real estate world right now is the rise in interest rates. They just went up to barely over 4%. However, historically speaking, interest rates are still very low. Now is a great time to take advantage of the market if you’re a buyer, as your house payment could still be less than the cost of renting a home.

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Interest rates are still historically low.

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Many people believe they have to have a large down payment to purchase a home, and that’s simply not true. There are options for buyers that you may not even be aware of, such as zero money down and 3% down options. It’s very likely that a house payment will be the same or less than a rent payment, so it’s smart to buy and build your equity instead of building your landlord’s.

If you have any other questions, please give me a call or shoot me an email. I look forward to helping you with any real estate needs.

Now Is a Great Time to Be in the California Real Estate Market

Right now is a very exciting time to be in the real estate market. In fact, we are on pace to get the highest number of sales since 2007 in the U.S. Usually, the market is either a buyer’s market or seller’s market. However, low interest rates and low inventory have created a perfect storm. Whether you are buying a home or selling a home, now is a great time to be in real estate. To learn more, watch this short video!

Selling your home? Get a free home valuation

Buying a home? Search all homes for sale on the MLS

Right now is a very exciting time to be in the real estate market. In fact, we are on pace to get the highest number of sales since 2007 in the U.S.

For buyers, now is a great time to be in the market because interest rates are so low. As a buyer, you really want to make a smart decision, as prices will continue to go up. If you can find the right home, get the right interest rate, and figure out the right mortgage payment, now is a very smart time to buy because interest rates are once again near historic lows.

Usually if the market is good for buyers, it’s bad for sellers. However, the market is actually in a perfect storm. Inventory is very low and demand is very high. Since so many people are entering the market to take advantage of low interest rates, home prices are going up, making now a great time to sell. In other words, being in the real estate market is a win-win situation for buyers and sellers!

If you have not yet purchased a home, there are a few steps you can take to begin the process. We recommend meeting with a qualified mortgage professional to figure out your ability to purchase. Most people make the mistake of thinking that they will get pre-qualified after they find a home; don’t do that. Get pre-qualified now.

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Whether you’re buying or selling a home, now is a great time to be in the market!

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Even if you are not buying a home for another year, getting pre-qualified alerts you to any credit issues you may need to resolve. That way, you can put yourself in the perfect position to buy at the best possible rate and with the best possible loan product. We can set you up to get pre-qualified before you start looking at homes.

Recently, we helped a homeowner who was trying to sell his property ‘For Sale By Owner’ for a long time. We went in for an interview and showed him our marketing plan. We listed the home for more money that he did in order to cover commission and closing costs. We wound up netting more money for the seller than he would have gotten on his own, and we sold his home in five days!

If you have any questions about our current market or how we can help you meet your real estate goals, give us a call or send us an email. We would be happy to help you!

The Best Time to List Is Now

Selling your home? Get a free home valuation

Buying a home? Search all homes for sale on the MLS

Why is now the best time to list your home? The springtime is the busiest real estate season of the year. It’s beautiful outside and the flowers are in bloom. Buyers begin to seriously think about moving over the summer, so foot traffic increases during this time.

There’s low inventory right now in our marketplace. With high demand, we can help you earn top dollar for your home. Low interest rates also benefit buyers and sellers alike, since buyers can afford more.

Since home equities have been increasing in the past few years, many homeowners don't understand how much their home is really worth.  A recent statistic revealed that 42% of those interested in selling don’t know they have the equity to sell. Contact us for an accurate home value. We will then visit your home and examine all its features, and our designers then can provide some staging advice.

Don’t wait until next year. We don't have a crystal ball, so we can’t predict the future. However, market conditions are hot now. If you’ve been on the fence, you should take advantage of this opportunity sooner rather than later.

If you’ve been thinking about buying or selling a home in the surrounding area, now is the time to act! Give us a call or send us an email at your earliest convenience. We’d be happy to help you!