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The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing.

And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or expectations to today’s market. And that can lead to a number of costly mistakes.

Here’s a look at some of the most common ones – and how an agent will help you avoid them when you sell.

1. Overpricing Your House

Many sellers set their asking price too high and that’s why there’s an uptick in homes with price reductions today. An unrealistic price will deter potential buyers, cause an appraisal issue, or lead to your house sitting on the market longer. An article from the National Association of Realtors (NAR) explains:

“Some sellers are pricing their homes higher than ever just because they can, but this may drive away serious buyers and result in unapproved appraisals . . .”

To avoid falling into this trap, partner with a pro. An agent uses recent sales of similar homes, the condition of your house, local market trends, and so much more to find the price that’ll attract more buyers and open the door for multiple offers and a faster sale.

2. Skipping the Small Stuff

You may try to skip important repairs, thinking you can pass the task on to your buyer. But visible issues (even if they’re small) can turn off potential buyers and result in lower offers or demands for concessions. As Money Talks News says:

“Home shoppers like to turn on lights, flush toilets and run the water. If these basic things don’t work, they may assume you’ve skipped other maintenance. Homes that appear neglected aren’t likely to fetch top price.”

If you want to get your house ready to sell, the best place to turn to for advice is your agent. They’ll be able to do a walk-through with you and point out anything you’ll need to tackle before the photographer comes in.

3. Not Looking at Things Objectively

Buyers today are feeling the pinch of high home prices and mortgage rates. With affordability that tight, they may come in with an offer that’s lower than you’d want to see – especially if you didn’t stage, price, or market the house well.

It’s important you don’t take this personally. Getting overly emotional can put the sale at risk. As an article from Ramsey Solutions says:

“Remember, a buyer’s offer is not a reflection of their opinion of your home or your housekeeping abilities. . . The sale of your home is strictly a business transaction. If they start out with a low offer, don’t take it personally and get emotional. Instead, channel that energy toward negotiating. Work with your agent and make a counteroffer.”

4. Being Unwilling To Negotiate

The supply of homes for sale has grown. That means buyers have more options, and with that comes more negotiation power. As a seller, you may see more buyers getting an inspection, requesting repairs, or asking for help with closing costs today. You need to be prepared to have those conversations. As U.S. News Real Estate explains:

“If you’ve received an offer for your house that isn’t quite what you’d hoped it would be, expect to negotiate . . . the only way to come to a successful deal is to make sure the buyer also feels like he or she benefits . . . consider offering to cover some of the buyer’s closing costs or agree to a credit for a minor repair the inspector found.”

An agent will walk you through what levers you may want to pull based on your own goals, budget, and timeframe.

5. Not Using a Real Estate Agent

Notice anything? For each of these mistakes, partnering with an agent helps prevent them from happening in the first place. That makes trying to sell your house without an agent’s help the biggest mistake of all.

Real estate agents have experience and expertise in pricing, marketing, negotiating, and more. That knowledge streamlines the selling process and usually results in drumming up more interest and ultimately can get you a higher final price.

Bottom Line

To avoid these mistakes, work with a real estate agent who will guide you every step of the way.

2e:T1760,

Welcome to Sagittarius Season! This time of the year is known for being the most optimistic, imbued with a sense of adventure. This shift of energy (away from intense Scorpio) will have us ready to take on the world!

One way to bring that sense of adventure into our home is by infusing your travels into your home decor. The need for adventure is something that is present in every day life, especially from November 22 - December 21, during Sagittarius season. For this reason, the best way for a traveler to feel good at home is to be surrounded by the things that remind them of the places they have been or that inspire upcoming trips!

1. Use Photo Prints in your Decoration

Polaroids are back! Photo prints are a great way to bring the special moments and atmosphere of your travels into your home decor. Photo prints are nostalgic yet modern in their reinvention, so it won’t look out of place if you put some around your home. It’s a great excuse to take pictures as happy reminders instead of letting them pile up on your phone. It will make you smile each time you see them while encouraging you to go and make new memories.

2. Choose Travel Themed Artwork

The famous interior designer Nate Berkus said, “Your home should tell the story of who you are, and be a collection of what you love.” We love this quote and couldn’t agree more! If you define yourself as a traveler, let it shine through your home. Not just as a way to show who you are, but also as a way for you to feel more comfortable and inspired in your own home.

And don’t stop there – inspirational quotes related to travel, globes, maps, travel guides – everything that conjures the feeling of going on a new adventure is a great decoration option that will fuel your passion to pursue those dreams.

3. Suitcases are Always a Great Option

We can’t talk about travel-related items without talking about suitcases. Apart from their primary function, suitcases can be great decoration items, especially antique-looking ones. A retro suitcase will add a cinematic and romantic touch to your decor. Not to mention it obviously doubles as functional storage space!

4. Get Graphic with City Maps

Have you ever noticed the design of city maps? They’re artistic, have famous city icons, as well as great logos and typography. Instead of discarding them, why not save them, frame them and make a wall gallery out of them? They’re not only unique home décor, but they also act as special mementos of places you’ve visited.

5. Collect Travel Books

Travel books will transport you back to your favorite destinations or give you the gumption to plan that next adventure. Great travel books have amazing photos so that you recall these places at their best. We all know art books are often used as coffee table books and to adorn our bookshelves, so make it your personal preference and collect travel books.

6. Homewares from Abroad

Collecting artisan goods when you’re traveling is a particular joy that travelers relish. From hand-crafted ceramics, to cushion covers, these goods can become some of your most special and prized possessions. This is because they’re more than just material things, they hold the memories and stories of the day were bought on that trip.

7. Keep Some Postcards for You

There has always been a romantic vibe to postcards. They are reminiscent of another time, but to this day they are ubiquitous, light, and a cheap souvenir you can collect while traveling. Once you’re home, simply string up a postcard collection up with some twine and wooden pegs as a simple way to fill your house with travel mementos!

We believe there is a romantic vibe to postcards. They are indeed reminiscent of another time but to this day they are ubiquitous, light, and a cheap souvenir you can collect while traveling. Once you’re home, simply string up a postcard collection up with some twine and wooden pegs as a simple way to fill your house with travel mementos!

When visiting a place, look for the postcards with the most beautiful images or even those with retro-inspired designs to complement your home décor.

via: www.amaliahomecollection.com

2f: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

30:T188e,

Welcome to Aquarius Season! This time of year (January 21 - February 18) is known for embracing your uniqueness, learning new skills and connecting with friends.

Aquarians are most well-known for their curiosity, futuristic thinking, creativity and their originality. Let's use this energy to kick off February with some futuristic upgrades you can make to your home!

A great way to add some "future" into your home is with Smart Home Devices, making everyday life just a tad simpler. Here are seven smart home devices that can make a difference in your home.

1. Smart light bulbs

When you jump in bed at night, no one wants to get up to turn it off. And when you’re trying to ease into sleep, you also want your lights to feel dimmer and cozier. Smart bulbs solve both of these inconveniences—plus allow you to program different times of the day to turn on or off—through voice control or app selections.

2. Smart Showerhead

It’s not easy to be mindful of water consumption—let alone the energy needed to heat it up—when you’re taking a moment for yourself in the shower. But some smart shower heads, like Hai Smart Shower System, can think for you with programmable temperature and water use gauges that blink to different colors when you’ve hit set limits. Plus the stainless steel, groove-free design makes cleaning a cinch, so you’ll use even less water in the long run.

3. Wifi Irrigation Controls

Having a lush, expansive garden sounds great—until you have to hose it down on every single hot summer day. Even if you only have a townhouse’s worth of plantable space, installing smart irrigation controls lets you enjoy the bounty without the daily chore of directing the water flow. Smart water timers control the spigot rotation and allows you to automate the watering—and even pause it if there’s rain in the forecast.

4. Smart Locks

If you don’t want to hide keys under a rock around your house, smart move. But when you need to let someone in and you can’t be home, a smart lock helps save you time and headaches. Never again worry about a pet sitters or friends who need to get in while you’re out.

5. Smart Thermostat

If you like coming home to a cool house but don’t feel like paying to keep an empty room comfortable, look into smart thermostats. Bonus: Depending on where you live, you might be eligible for an efficiency rebate.

6. Smart Blinds

Whether you’re snuggled up on the couch ready to watch a movie or just trying to get to sleep, there are plenty of reasons why you might not want to get up to close the blinds. Smart blinds help you avoid that mundane little task and get to what’s important: catching up on your favorite TV Show during your work-from-home lunch break.

7. Smart Diffuser

For those who like an air freshener on demand, or a penchant for forgetting to blow out candles, a smart diffuser is the way to go. With Nest Pura you can use the app to select between two scents, schedule when the diffuser turns on, and even adjust the intensity.

via: www.architecturaldigest.com

31:T12d6,

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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