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There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.

Opportunity #1: You Have More Options for Your Move

One of the biggest stories today is the growing supply of homes for sale. Housing inventory has been increasing since the start of the year, primarily because higher mortgage rates helped cool off the peak frenzy of buyer demand. But what you may not realize is, that actually could benefit you.

If you’re selling your house to make a move, it means you’ll have more options for your own home search. That gives you an even better chance to find a home that checks all of your boxes. So, if you’ve put off selling because you were worried about being able to find somewhere to go, know your options have improved.

Opportunity #2: The Number of Homes on the Market Is Still Low

Just remember, while data shows the number of homes for sale has increased this year, housing supply is still firmly in sellers’ market territory. To be in a balanced market where there are enough homes available to meet the pace of buyer demand, there would need to be a six months’ supply of homes. According to the latest report from the National Association of Realtors (NAR), in July, there was only a 3.3 months’ supply.

While you’ll have more options for your own home search, inventory is still low, and that means your home will still be in demand if you price it right. That’s why the most recent data from NAR also shows the average home sold in July still saw multiple offers and sold in as little as 14 days.

Opportunity #3: Your Equity Has Grown by Record Amounts

The home price appreciation the market saw over the past few years has likely given your equity (and your net worth) a considerable boost. Danielle Hale, Chief Economist at realtor.com, explains:

“Home owners trying to decide if now is the time to list their home for sale are still in a good position in many markets across the country as a decade of rising home prices gives them a substantial equity cushion . . .”

If you’ve been holding off on selling because you’re worried about how rising prices will impact your next home search, rest assured your equity can help. It may be just what you need to cover a large portion (if not all) of the down payment on your next home.

Bottom Line

If you’re thinking about selling your house this season, work with a real estate professional so you have the expert insights you need to make the best possible move today.

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If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market. And while that doesn’t make this a buyer’s market, it does mean buyers may be able to ask for a little more. So, sellers need to be ready for that possibility and know what they’re willing to negotiate.

Whether you’re looking to buy or sell a house, here’s a quick rundown of potential negotiations that may pop up during your transaction. That way, you’re prepared no matter which side of the deal you’re on.

What Can You Negotiate?

Most things in a home purchase are on the negotiation table. Here’s a list of just a few of those options, according to Kiplinger and LendingTree:

Sale Price: The most obvious is the price of the home. And that lever is being pulled more often today. Buyers don’t want to overpay when affordability is already so tight. And sellers who aren’t realistic about their asking price may have to consider adjusting their price.
Home Repairs: Based on the inspection, a buyer is within their rights to ask the seller to make reasonable repairs. If the seller doesn’t want to do that, they could offer to reduce the home price or cover some closing costs, so the buyer has the money to take them on themselves.
Fixtures: Buyers can also ask for appliances or furniture to convey when the house changes hands. Having the seller throw in the washer and dryer cuts down on expenses the buyer would have when moving in. As the seller, you could leave your existing ones behind to sweeten the deal for your buyer, and get yourself new ones for your next place.
Closing Costs: Closing costs typically run about 2-5% of the home’s purchase price. Buyers can ask the seller to pay for some or all of these expenses to offset the cash the buyer has to bring to the table.
Home Warranties: Buyers can also ask the seller to pay for a home warranty. This is great for buyers worried about the maintenance costs that may pop up after taking possession of the home. And since this concession usually isn’t terribly expensive for the seller, it can be a good option for both parties.
Closing Date: Buyers can ask for a faster or extended closing window based on their own timetable. The seller can also advocate for what they need based on their move to find the right compromise.

One thing is true whether you’re a buyer or a seller, and that’s how much your agent can help you throughout the process. Your agent is your go-to for any back-and-forth. They’ll handle the conversations and advocate for your best interests along the way. As Bankrate says:

“Agents have expert negotiating skills. Without one, you must negotiate the terms of the contract on your own.”

They may also be able to uncover what the buyer or seller is looking for in their discussions with the other agent. And that insight can be really valuable at the negotiation table.

Bottom Line

Buyers are regaining a bit of negotiation power in today’s market. Buyers, knowing what levers you can pull will help you feel confident and empowered going into your purchase. Sellers, having a heads up of what they may ask for gives you the chance to think through what you’ll be willing to offer.

Want to chat more about what to expect and the options you have? Connect with a local real estate agent.

32:T14c4,

There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house?

While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising mortgage rates are creating less buyer demand. Because of this, there are more homes on the market. And in a shift like this one, the way you price your home matters more than ever.

Why Today’s Housing Market Is Different

During the pandemic, sellers could price their homes higher because demand was so high, and supply was so low. This year, things are shifting, and that means your approach to pricing your house needs to shift too.

Because we’re seeing less buyer demand, sellers have to recognize this is a different market than it was during the pandemic. Here’s what’s at stake if you don’t.

Why Pricing Your House at Market Value Matters

The price you set for your house sends a message to potential buyers. If you price it too high, you run the risk of deterring buyers.

When that happens, you may have to lower the price to try to reignite interest in your house when it sits on the market for a while. But be aware that a price drop can be seen as a red flag for some buyers who will wonder what that means about the home or if in fact it’s still overpriced. Some sellers aren’t adjusting their expectations to today’s market, and realtor.com explains the impact that’s having:

“. . . the share of listings with a price cut was nearly double its year ago level even as it remains well below pre-pandemic levels.”

To avoid the headache of having to lower your price, you’ll want to price it right from the onset. A real estate advisor knows how to determine that perfect asking price. To find the right price, they balance the value of homes in your neighborhood, current market trends and buyer demand, the condition of your house, and more.

Not to mention, pricing your house fairly based on market conditions increases the chance you’ll have more buyers who are interested in purchasing it. This helps lead to stronger offers and a greater likelihood it’ll sell quickly.

Why You Still Have an Opportunity When You Sell Today

Rest assured, it’s still a sellers’ market, and you’ll still get great benefits if you plan accordingly and work with an agent to set your price at the current market value. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

“Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.”

Mike Simonsen, the Founder and CEO of Altos Research, also notes:

“We can see that demand is still there for the homes that are priced properly.”

Bottom Line

Homes priced right are selling quickly in today’s real estate market. Partner with a real estate professional to make sure you price your house based on current market conditions so you can maximize your sales potential and minimize your hassle in a shifting market.

Via: Keepingcurrentmatters

Deniz Kilic

Holistic Realtor | Astrologer | Space Clearings | House Blessings

40 SW 13TH ST., STE 101, Miami, FL 33130

Direct: (917) 703-7777

denizsellsflorida@gmail.com

www.denizsellsflorida.com

33:T150f,

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals.

Last Year’s Rapid Home Price Growth Wasn’t the Norm

In 2021, home prices appreciated quickly. One reason why is that record-low mortgage rates motivated more buyers to enter the market. As a result, there were more people looking to make a purchase than there were homes available for sale. That led to competitive bidding wars which drove prices up. CoreLogic helps explain how unusual last year’s appreciation was:

“Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.”

In other words, the pace of appreciation in 2021 far surpassed the 6% the market saw in 2020. And even that appreciation was greater than the pre-pandemic norm which was typically around 3.8%. This goes to show, 2021 was an anomaly in the housing market spurred by more buyers than homes for sale.

Home Price Appreciation Moderates Today

This year, home price appreciation is slowing (or decelerating) from the feverish pace the market saw over the past two years. According to the latest forecasts, experts say on average, nationwide, prices will still appreciate by roughly 10% in 2022 (see graph below):

Why do all of these experts agree prices will continue to rise? It’s simple. Even though housing supply is growing today, it’s still low overall thanks to several factors, including a long period of underbuilding homes. And experts say that’s going to help keep upward pressure on home prices this year. Additionally, since mortgage rates are higher this year than they were last year, buyer demand has slowed.

As the market undergoes this change, it’s true price appreciation this year won’t match the feverish pace in 2021. But the rapid appreciation the market saw last year wasn’t sustainable anyway.

What Does That Mean for You?

Today, the market is beginning to move back toward pre-pandemic levels. But even the forecast for 10% home price growth in 2022 is well beyond the 3.8% that’s more typical for a normal market.

So, despite what you may have heard, experts say home prices won’t fall in most markets. They’ll just appreciate more moderately.

If you’re worried the house you’re trying to sell or the home you want to buy will decrease in value, you should know experts aren’t calling for depreciation in most markets, just deceleration. That means your home should still grow in value, just not as fast as it did last year.

Bottom Line

If you’re thinking of making a move, you shouldn’t wait for prices to fall. Experts say nationally, prices will continue to appreciate this year, just at a more moderate pace. When you’re ready to begin the process of buying or selling, partner with a real estate professional so you have a local market expert on your side each step of the way.

Via: Keepingcurrentmatters

Deniz Kilic

Holistic Realtor | Astrologer | Space Clearings | House Blessings

40 SW 13TH ST., STE 101, Miami, FL 33130

Direct: (917) 703-7777

denizsellsflorida@gmail.com

www.denizsellsflorida.com

34:T29d4,

As we transition into Scorpio & Eclipse season on October 24th, there will be a strong urge to eliminate something from our lives that no longer serves us. Decluttering and re-organizing our homes will satisfy this need to release, and provide the space needed to bring in much needed new energy. Letting go and purging are keywords for Eclipses and the powerful sign of Scorpio.

Sometimes the hardest part of decluttering is just getting started. The best way to set the overwhelming feeling aside is to start with small steps.

The best way to start decluttering when you're overwhelmed is to do it in stages. Make a "declutter your home checklist" to prioritize clutter areas. Focus on one room, or even one zone within a room (e.g., kitchen cabinets), at a time. And complete each job fully before moving on to the next space.

Before you start to declutter your home, have containers defined for the following purposes to sort items:

Put away: Items that have crept out of their designated storage spaces
Fix/mend: Items that need something before they're put away, such as a shirt with a missing button
Recycle: Items that can be recycled
Trash: Items to throw away in the household trash
Donate: Unwanted items that are still in good condition and can be donated to a charitable organization or another person

Creating a Decluttering Timeline

If you don't have a lot of stuff, it might be possible to declutter your house in one day or on a weekend. Or you might want to create a longer timeline to declutter your house in 30 days, for example. You can also plan a decluttering schedule just for the weekends you have in a month if you wish.

Keep your goals realistic and attainable, so you can declutter your home without feeling overwhelmed. Break down the spaces you need to declutter, estimating how long each will take. And then organize that into your overall timeline. Give yourself some buffer time in case something doesn't go according to plan.

What you should not do when decluttering is pull out all of your stuff without a plan for how you're going to sort it. If you do that, you'll likely just waste time wading through all of your disorganized items. In addition, it's often best to clean first before you declutter, so your everyday items are tidy and out of the way.

Consider starting in a room or space with only a small amount of clutter. That way, you can get it done quickly and feel like you're making progress on your overall decluttering timeline, which should in turn motivate you to keep going.

01. The Bathroom

Start with your medicine cabinet. Take everything out, and discard outdated medications, makeup, and skincare products. Put everything you're keeping immediately back into the cabinet, storing the items you use most often at eye level.

Next, move onto any cabinet drawers. Remove everything, and do a quick evaluation of what you're keeping and what you're tossing. Put the items you're going to keep back into their drawers, with the items you use most often in the top drawers.

Now, do the same routine with your shower/tub. Finally, pull everything out from below your bathroom sink, and declutter the items there.

Lastly, everything that did not have a home can be quickly sorted into the five bins you have staged for the purpose.

02. The Bedroom

First, make your bed. It's hard to feel any progress decluttering a bedroom while an unmade bed stares you in the face.

Start with your nightstands. Remove anything on them that doesn’t belong there, and put it in your put-away bin. This may include books you’ve already finished reading, pens and paper, and mail. Throw out or recycle anything that you no longer use, such as empty tissue boxes, pens that have gone dry, or chargers that no longer work.

Do the same with the tops of your dressers, chests, and/or bureaus. Pay careful attention to any clothing that is strewn about. Anything that needs folding or hanging goes into the put-away bin. If you're afraid it may wrinkle further, you can lay clothes on your bed.

Go through each bureau, drawer by drawer. Take everything out. Pull out anything that is no longer worn, and put it in your donation bin. Fold and store the clothing you're keeping.

If you keep a desk or vanity table in your bedroom, tackle that next. Resist the urge to shove things back into drawers; instead, put them in your put-away bin. Toss or recycle any garbage or anything you haven’t used in more than six months.

Return items to their proper places. Fold or hang and store any clothing. If you're now eyeing your closet, we'll tackle that next.

03. Closet & Clothing

The easiest way to tackle a closet is to first declutter your clothing by type. That means start with shoes, then boots, then dresses, then denim, etc.

It’s much easier to decide to toss or keep a pair of jeans if you’re looking at your entire jeans collection at once. So start pulling out different types of clothing, and decide what you'll toss and keep.

Once you’ve gone through each type of clothing, you will have four piles to deal with:

Put away anything that was simply in the wrong spot. Example: If you had a pair of socks in your closet, put them in your dresser.
Put any dirty laundry into the hamper, or bring it to the laundry room.
Anything that needs to be repaired should go to the tailor or dry cleaner.
To get rid of clothes, take them to a donation center or consignment store.

04. The Entryway

You may not have a traditional mudroom or foyer, but you definitely have an entryway. No matter how small it is, the best way to make an entryway most functional is to declutter it regularly.

Start with any desk, console, or side tables you have in your entry. Go through each drawer, removing the contents, and make a quick decision to toss or keep each item. Go over the tops of each desk or console as well. Do you have a space for your keys and other important items? Make sure everything is accessible and not too crowded. This will make it easier to leave the house with what you need each morning.

The hall closet should be decluttered like any other closet: Start with shoes and boots, then jackets, followed by accessories.

The entry is another area that picks up a lot of clutter from other rooms. Spend time putting away things from other rooms that have made their way to the entry.

05. The Kitchen

Keeping your kitchen clutter-free can be a challenge because so many different activities occur there—cooking, eating, and socializing. As a result, the kitchen has many different types of items stored in it. You can choose to declutter your kitchen by focusing on one category of item at a time (cutting boards, glassware, utensils, or bakeware, for example) or going by zone through each part of the kitchen.

The first step is to completely empty each space, assess each item, and put everything back where it belongs. Start with your powerhouse storage spaces first, such as the pantry and upper cabinets. Then move onto the lower cabinets, drawers, and the space under the kitchen sink.

Finally, concentrate on your countertops. Move as many items as possible off of the countertops and into storage spaces. Keep only what you use every single day on the countertops.

Finally, take your put-away bin, and return anything that doesn't belong in the kitchen to its rightful storage space elsewhere in the house.

06. The Living Room

The living room is one of the hardest rooms in your home to keep neat on a daily basis. That's because it gets a lot of use, and living rooms don't usually offer a lot of storage features. You may have some bookcases and a TV console, but they don’t hide much. The key is to:

Decide on permanent storage spaces for commonly used items, such as remote controls, magazines, and books.
Declutter this space regularly.

Start with bookcases, console, and side tables. Then move on to your coffee table and entertainment center. Empty them, assess the items they store, and then return them to their proper storage spaces. Put books away; reduce paper clutter, such as mail; return remote controls to their proper places; fold blankets; etc.

Move on to electronics. Remove everything that is not connected to your television or home theater system. Are you using it? Does it work? Store items such as chargers and gaming equipment where you use them.

Finally, tackle the toys. Assess every toy for wear and tear. Does it still function? Do your kids still play with it? Recycle or store each toy.

Grab your put-away bin, and return everything that belongs in another room to its proper storage space.

Via: thespruce.com

The more we release during this Eclipse & Scorpio Season, the more creativity and inspiration we invite into our lives. Start in small steps, and slowly but surely you'll be releasing old energy and noticing new opportunites making its way into your life.

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Some Highlights

There are only about half the number of homes for sale compared to the last normal years in the market.
That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight.
If you're thinking of selling, get in touch with a local real estate agent so your house can stand out while there’s such a shortage of supply and buyers are craving more options.

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