Don’t Panic About the Market

You may have heard dire news about the real estate market, but it’s not as desperate as you may have been told.

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What does the future hold for buyers and sellers in our real estate market? Recently, you may have heard that the sky is falling, but it’s not. On the contrary, the future's still bright. Unfortunately, we do expect a housing shortage, and that will cause housing prices to continue to rise throughout 2020. We expect appreciation rates to be around 5%, which is a slight drop compared to what we’ve seen in previous years.

The beginning of the year is when people tend to think about their goals and these sometimes include real estate. It’s always good to be as prepared as possible for when it’s time to pull the trigger. If you plan on selling in April or May, you should start fixing things up around the house now so you don’t have to do it all at once right before listing. If you’re considering buying soon, talk to a lender now. It never hurts to be prepared.

If you have any questions about real estate, don’t hesitate to give me a call or send an email. I look forward to hearing from you soon.

How to Know Whether to Rent or Buy

Should you rent or buy? The answer depends on your situation.

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Are you better off renting or buying?

There are certain situations where you’re better off renting. For example, if you’re moving to an area you only plan on staying in for a few years, you should rent. If you’re moving to an area you plan on staying in for longer than three years, you should buy.

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You guarantee that you’ll lose money in the long term by renting, and you guarantee that you’ll gain money in the long term by buying.

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I know people worry about the ups and downs of the real estate market, or whether they’ll lose money when they have to sell later on, but here’s the thing: In the long term, homeownership normally trends upward. If, on the other hand, you rent for three years at $2,000 a month, you only guarantee a loss of $72,000. It’s very rare to lose $72,000 by buying a home in the Triangle area.

Think of it this way: You guarantee that you’ll lose money in the long term by renting, and you guarantee that you’ll gain money in the long term by buying. It all depends on your timeline.

If you’d like to talk more about this topic or have any questions, don’t hesitate to reach out to me. I’d love to help you.

Should You List Your Home Now?

I’m sharing why winter is a great time to sell your home, and why waiting may not be your best option.

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Today we’re going to discuss whether now is a good time to list your home. Around this time of year, we often see many people taking their houses off the market. Many sellers believe they should skip the winter and wait until springtime to sell their property.

While there are some advantages to the spring market, people seem to be forgetting one thing: There’s much more competition in the spring. Through the winter months, there are fewer homes on the market because everyone is waiting for spring. As a result, buyers during the winter are serious, have a real need to move, and are working with fewer options to choose from. This puts your listing in a wonderful position!

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You need to look at the reasons behind why you’re selling, where you’re moving to, and why.

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If you can’t decide whether to list now or wait until the spring, you need to look at the reasons behind why you’re selling, where you’re moving to, and why. If you genuinely need to sell in the winter, there’s no reason to cause yourself more trouble by waiting until spring. You can still find a buyer in the winter months.

If you’re considering selling your home during the winter, know this: Last year we sold over 200 properties during this season. We have an aggressive marketing plan and we work harder this time of year for our clients.

If you have any questions about buying or selling in the winter, or anything concerning real estate, give us a call or send us an email. We would love to help you.