Should You Sell Your Home Now?

CDPEWebsite_header_May 2017

Today, home sellers enter a housing market vastly different from the market of a few years ago. Home prices and demand have both increased amid improving economic conditions, and homeowners nationwide are finally able to sell after years of weathering the worst of the housing market crisis.

If you’re thinking of selling your home, you should take advantage of today’s favorable market:

  • Home prices Are Up

Over the last few years, home prices have skyrocketed. Millions of homeowners have regained equity in their homes, opening the door for many to consider selling. Chances are, your home is worth more than you think.

  • Demand Is High
    With many homeowners sidelined from buying a home due to the struggling economy and housing market, demand has been pent-up for the last several years. As both the economy and housing market continue to improve, even more buyers are expected to enter the market.
  • Supply Is Increasing

Right now, sellers have an advantage because there aren’t enough homes to meet demand. However, new home construction is increasing and more people are listing their homes, which eventually will lead to greater competition for sellers.

  • It’s Getting More Expensive to Buy a Home
    Interest rates on a 30-year fixed rate mortgage have stayed between 4% to 5% in recent years, but are expected to go up this year. Home prices are increasing as well, so the longer you wait to buy a new home, the more expensive it will be.

Fore more information on why you today’s market is great for sellers, read my report entitled “Why Now Is a Great Time to Sell Your Home”. You can download the report from my website http://hosted.cdpe.com/103530.

Is Spring the Season to Sell Your Home?

April 2017

Each year, spring marks the beginning of the busiest home-selling and home-buying season.

Why? The weather is nicer, for one, making it easier for families to tour properties and move when they find the right one. Spring also affords families with children opportunities to start looking for a new home during spring break and other holidays. Families can move as the school year winds down and get their children settled before the new school year begins.

 

With the busy season just beginning, many homeowners might be wondering, “Does that mean I should list my home now?”

 

For many homeowners, the answer yes. First, home prices have increased consistency since 2012 and restored equity to millions nationwide, including those who have been seriously underwater on their mortgages in recent years. Today more than 6.4 million homeowners have regained equity.

 

What’s more, we’re in a seller’s market, with demand far outpacing supply. The spring season is expected to add to that demand and strengthen sellers’ position.

 

Finally, if you’re considering selling, you can afford more home now than you’ll be able to afford later. Mortgage rates are low, but as the year progresses, Freddie Mac expects rates to rise to around 4.5%. Home prices will continue to increase as well. So as the year goes on, you’ll be able to afford less home for the same amount of money.

 

I have a report entitled, “Is Spring the Season to Sell Your Home?,” that details the changes in the market and why now might be the perfect time to sell.

 

You can download the report from my website: http://hosted.cdpe.com/103530.  After reading the report, contact me today to discover how much your home is worth!

New construction home in Elkhart

Upgrades beyond upgrades in this 5 bedroom, 3 bath ranch built in 2016. Over 1650 sq ft upstairs and over 1300 sq ft finish in basement. Walk in the front door and notice the barn style wood floors throughout the main level. Open concept that leads you to the living room and gorgeous kitchen. Living room has custom detailed built-ins surrounding a floor to ceiling stone fireplace. Granite counter tops and new stainless steal appliances that stay. Off the kitchen is a nice size covered deck with gas hook up for your grill! Master bedroom has tray ceiling with master bath that has a walk in tile shower with 2 shower heads. Main floor laundry makes it very convenient. Downstairs is a nice size living room and FULL size wet bar with plenty of space for entertaining. Also in LL is 2 bedrooms and full size bath. Some of the upgrades is geo-thermal system, passive radon, home wired for surround sound, and the list goes on. Come check out this detailed new construction.

314 NE Megan Avenue: $274,900

When was the last time you reevaluated your equity?

march-2017

Do you know how much equity you have in your home today? While people tend to check other investments regularly, such as stocks and retirement accounts, most do not reassess the value of their biggest investment—their home—nearly as frequently. However, just as with other investments, it is important to regularly check how much equity you have in your home so you know where you stand

 

Over the last two years, the housing market has rebounded significantly, and with it home prices rose faster and more dramatically than anyone predicted. As home prices continue to rise, more and more homeowners are regaining equity in their homes. In fact, last year, more than three million homeowners regained equity. So no matter what your situation has been in recent years, chances are it has changed.

 

I have a report entitled “When Was the Last Time you had an Equity Check-Up” that explains recent changes in the market and why it’s important to reevaluate the equity you have in your home.

 

You can download the report from my website http://hosted.cdpe.com/103530. After reading the report, contact me today to discover how much your home is worth!

RE/MAX Torres Team
Shane Torres
515.984.0222

 

Separate the Myth from the Reality

feb-2017

It used to be that if you were facing foreclosure, it was difficult to find information about what to do.

Today, distressed homeowners have the exact opposite problem. There is information everywhere, but it can be almost impossible to tell the truth from the fiction. But there is one fact that you can take to the bank: You have options.

As a Certified Distressed Property Expert® (or CDPE), I make it my mission to help you separate the myth from the reality about the options that are available to you. Understanding your options and acting can help relieve the burden of your mortgage.

I’ve created a report that outlines some of these options. It’s entitled “Foreclosure Alternatives Under the Magnifying Glass” and it is available on my website: http://hosted.cdpe.com/103530. Download it, read it, and then contact me for a free, confidential consultation!

2016 Was Another Great Year for Real Estate: Home sales surged, prices are up, and homes are regaining equity!

jan-2017

Despite another year of surging home sales and several years of strong growth in the housing market, it’s still hard to believe we’re here. Just four short years ago, the housing market had hit rock bottom following. Millions of homeowners were underwater, foreclosures were rampant, and there was a general negative outlook about the housing market.

But the market has recovered, and today homeowners are in a much better position. And if you or someone you know has been stuck in recent years and unable to sell, now might be the the right time to finally move on.

Rising Prices Are Helping Homeowners Regain Equity
According to RealtyTrac, the number of seriously underwater homeowners (owing at least 25% more than the property is worth) fell to 6.06 at the end of Q3 2016. That’s down from 6.9 million in Q3 2015, and down from a peak of around 12.8 million in 2012. Millions of homeowners have escaped negative equity, and as prices continue to rise, more and more escape all the time.

Thinking of Selling? Good News… It’s a Seller’s Market

Why do home prices continue to rise? Demand for homes continues to rise as first-time buyers and homeowners previously sidelined enter the market, but the supply of homes for sale hasn’t kept up.

With low inventory and high demand, buyers are forced to compete over the available properties. This push prices up, and puts a lot of power in the seller’s hands. Right now, sellers are finding they can sell their homes easier, faster and for more.

Its Also a Great Time to Buy!

What makes today’s market so unique is it is also an amazing time to buy. Mortgage rates have remained at near historic lows, allowing buyers to afford much more home, as the chart below shows.

But These Market Conditions Wont Last Forever!

The conditions that make today’s market such a strong time to sell or buy won’t last forever. Next year, inventory is expected to increase. New home construction is reaching record highs, and more new homes will come on the market in 2017. More homeowners are expected to list their homes as well. This means more competition for you if you’re trying to sell your home.

What’s more, interest rates are rising as well. Already, interest rates have crept over 4% as we start the new year. Even small increases in interest rates can have a large impact on affordability.

So if you’re thinking of selling, take advantages of today’s market!