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Expert Tips for Navigating the Real Estate Market

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Why Now Is Such a Great Time to Sell Your House

Now is an outstanding time to sell your house. These are the top three reasons why.

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There are three big reasons why now is a great time to sell your house here in northeast Ohio.

1. Consumer confidence: The election's finally over, and we're seeing record stock prices and a lot of homebuyers flooding the market.

2. Interest rates are on the rise: After the recent rise, people are flocking to the market to buy a home before rates go up again. By the end of the year, rates are anticipated to go up quite a bit more, so even more buyers will want to lock in a low interest rate on their mortgage before this happens.

Homebuyers are flooding the market to
buy before rates go up again.

3. Inventory is extremely low: A ton of houses came off the market in the winter, and now I see a lot of houses listed again this year. Many of these sellers are pricing their homes to sell, meaning you can get as good of a deal or better than you could have last year.

If you're considering selling your property this year, give me a call or send me an email soon before these favorable conditions expire. I look forward to hearing from you!

Fall and Winter: Underrated Selling Seasons

Looking to buy or sell a home in Northeastern Ohio? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (440) 974-0404 for a FREE home buying or selling consultation to answer any of your real estate questions. 

When fall rolls around, a lot of people decide it's time to take their home off the market if it hasn't sold, and wait until spring. Although this is the conventional way of thinking in the real estate business, it doesn't mean that it's absolute or definitive. 

We are here today to tell you that the real estate business just doesn't stop. In fact, there are a lot of advantages to keeping your home on the market during the latter part of the year. Here are 3 of them:

1. Less competition
 There will be a lot of homes that come off the market in the next few weeks as it gets colder. In the fall selling season, there is a reduced amount of inventory, resulting in less competition

2. More effective showings
 In the fall and winter, showings are extremely efficient. People won't just be walking through a house during the cold winter season with snow on the ground if they aren't serious buyers. 

3. You get a better price
 Every year, without fail, we get offers in November and December, typically from people who sold their home and are needing to buy now. As a result of low inventory, they will pay good money for a good home that they like, most often near asking price. 

If you have any questions about selling your home in the fall or winter, or anything else real estate related, give us a call or send us an email. We'd be glad to help!

How to Determine your Purchasing Power

Looking to buy or sell a home in Northeastern Ohio? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (440) 974-0404 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Purchasing a home is a big deal. It's one of the largest investments you will make and you want to make sure you are doing everything correctly so your transaction goes as smoothly as possible. We want all of you to accomplish this feat, so we will be sharing with you today the 1st 5 steps to take when you decide to purchase a home. These 5 factors will greatly affect your buying power and what kind of loan you will qualify for when purchasing a home. 

1. Get Pre-Qualified
 This is always the first step when you purchase a new home. Go talk to your lender and get this step squared away first. If you need to get in touch with a lender, we have a list of preferred lenders that we know and trust to put you on the right path.

2. Credit Score
 Before you go in to talk to the lender, be sure your credit score is in order. This is the first thing that lenders will pull. They take 3 scores from the 3 different credit bureaus, and usually take the middle score. Usually a credit score of 620 or higher will get you qualified to purchase a home.

3. Income and Job
 Next, lender will verify that you have solid employment and look at how long you have been employed with your current company. They also look at how much money you make and determine whether it will be you alone or whether a partner or spouse will be on the loan with you. If so, they will take their income and job into effect as well.

4. Debt-to-Income Ratio
 This is a key component in determining your purchasing power. If you have a high income, but high debt, you may not qualify. This ratio is determined by your annual income divided by your expenses.

5. Down Payment
 This is an essential factor. Setting a lot of money aside is a great way to increase your buying power. If, however, you can't put a lot of money down, there are a lot of programs out there for you that don't require you to put as much down, even if you're a second or third time home buyer.