Keeping Current Matters

SEPTEMBER 7, 2021

According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they’re selling in just 17 days. Average days on market is a strong indicator of buyer demand. As a seller, that’s great news for you.

Equity 295

Equity Days on market Mortgages Sales 295

Housing Wire

OCTOBER 1, 2022

The median days on market is just 16 days — a slight increase from the record low seen in the last two months of 14 days. In comparison, in 2011, homes took 96 days to sell. . Another measure the housing market, is whether a Realtor had a client who had a distressed sale in the last month.

Marketing 418

Marketing Inspection Sales Lending 418

HomeLight

OCTOBER 28, 2024

You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. Do you have profit-level home equity? Selling your home at a profit starts with knowing your current equity. If your equity has grown substantially, it could be a great time to sell.

Pre-approval 110

Pre-approval Debt-to-income ratio Equity Loans 110

Housing Wire

OCTOBER 24, 2022

And, it is less than half of the “normal” level of about one million homes on the market. At the moment, most homeowners are locked into lower interest rate mortgages, they have solid equity in their homes and they have jobs — they don’t have to sell. Days on market has risen from 20 days to 60 days over the past year.

Marketing 345

Marketing Mortgages Equity Days on market 345

HomeLight

JANUARY 18, 2023

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. The housing market is cooling off quickly, and it could continue to spiral in the coming year. We asked two experts to help get to the bottom of what’s happening to home equity in the current housing market: Donald J.

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Equity Marketing Loans Mortgages 105

HomeLight

JANUARY 24, 2023

Whether your company is relocating you or you’re moving for a great new opportunity, there’s no way around it: relocating for a job as a homeowner is stressful. Research days on market The average days on market is another important factor to consider. Remote work has shifted the landscape of relocating for a job.

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Days on market Agents Sales Closing 105

HomeLight

DECEMBER 15, 2022

It all begs the question: What will the 2023 housing market mean for buyers, sellers, and homeowners? This 2023 real estate market forecast digs into insights from HomeLight top agents and housing market economists, including Ken H. Find an Expert Agent to Help You Navigate a Shifting Market. Johnson, Ph.D. ,

Marketing 104

Marketing Mortgages Agents Equity 104

HomeLight

MAY 23, 2024

As a homeowner, it’s natural to fiercely protect your investment. If you’re considering a move that involves buying or selling a house, you’re likely keeping a keen eye on the housing market sky, watching for signs of a storm — or a bubble. Here’s a look at some key indicators that can help you anticipate market changes.

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Equity Construction New Construction Investor 115

HomeLight

AUGUST 29, 2024

According to East Tennessee Realtors’ Q2 2024 Market Pulse Survey , the median days on market in the Knoxville region was significantly lower than the national average, at 14 days, while home sales received an average of 2.7 miles) Farragut $636,000 18-26 min (17.3 miles) Oak Ridge $306,300 28-40 min (23.2

Equity 105

Equity Days on market Mortgages Sales 105

RIS Media

APRIL 22, 2021

How the Industry Is Responding: “Consumers are facing much higher home prices, rising mortgage rates and falling affordability; however, buyers are still actively in the market. Days-on-market are swift, multiple offers are prevalent and buyer confidence is rising.

Sales 105

Sales Equity Days on market Construction 105

Housing Wire

NOVEMBER 26, 2024

A recent study by the National Association of REALTORS Research Group revealed that using a home staging service yields marginally higher offers and fewer days on market. Its cutting-edge technology helps you target homeowners near your listings who are most likely to sell. Check out Top Producer 9.

Staging 448

Staging MLS Agents Branding 448

The Close

SEPTEMBER 8, 2022

homes spent a median of 14 days on market in June 2022—down 3 from 17 days in June 2021. sold below list price–and indication that the market is slowing. Nearly 80% of active listing agents use drone photography and videography to market their listings. YoY, a sign that the market is stabilizing.

Equity 139

Equity Agents Brokerage Closing 139

RIS Media

SEPTEMBER 24, 2021

Because agents are more aware of their “local” market inventory, list-to-sell ratios, days on market and other nuances of a given area, they can share this valuable information about the “real” market indications. Then, share with homeowners in the neighborhood how much their equity has increased.

Equity 98

Equity Agents Days on market Sales 98

HomeLight

DECEMBER 30, 2020

Check your equity to evaluate if you’re ready to sell. Before you contact a real estate agent, check your equity to know where you stand with your mortgage. At a minimum, you want to have enough equity in your home to cover the cost of selling your home (e.g., Home equity ($200,000). closing costs and agent commission).

Agents 105

Agents Equity Staging Renovation 105

HomeLight

SEPTEMBER 1, 2022

Determining how much you can afford in California isn’t as easy as it is in some other states due to special considerations such as additional homeowners insurance and Mello-Roos facilities districts. Median days on market: 10. Median days on market: 10. Median days on market: 8. Central Coast.

Earnest money deposit 115

Earnest money deposit VA loan Loans FHA loan 115

HomeLight

JANUARY 22, 2024

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” “One Skip repairs and close in as few as 10 days.

As-is 110

As-is Inspection Renovation Equity 110

HomeLight

AUGUST 20, 2021

If you have substantial equity, you can even walk away from your sale with a significant profit. Typically, Connecticut homeowners pay an average of 1% to 2.75% of the sale price total in transfer taxes. There are 4,950 HOAs in Connecticut, and nearly 20% of homeowners across the state belong to one. Loan reconveyance fee.

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Closing costs Closing Title search Title 111

HomeLight

AUGUST 25, 2020

Every house, every market, and every individual sale will vary in terms of days on market and closing timelines. In fact, 24 days from list to offer is pretty swift, historically speaking. In the current pandemic climate, some closings have dragged on more like 60 days. Your sale could be different.

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Closing Pre-approval Inspection Days on market 122

HomeLight

JULY 25, 2022

Primary reasons for this include lack of equity accumulated in the home and insufficient appreciation – an increase in property value. The market is the largest driver of price,” Gore says. In a seller’s market , prices typically rise, which could effectively boost equity in your home and increase appreciation.

Closing costs 111

Closing costs Equity Short sale Agents 111

HomeLight

DECEMBER 2, 2021

A short sale is an alternative to foreclosure in which the homeowner gets permission from the lender to sell the home for less than is owed. Homeowners typically request a short sale due to some form of financial hardship, and must be able to prove their inability to pay. homeowners gained 10.8% in equity from 2019 to 2020.

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Short sale Sales Loans Banks 104

HomeLight

JANUARY 28, 2021

A report from CoreLogic recently revealed that homeowners enjoyed an average annual equity gain of $17,000 in Q3 2020, pushing equity levels to record heights nationwide. As a homeowner, you are the envy of many right now. A spike in buyer demand signals a seller’s market for many cities.

As-is 105

As-is Purchase and sale agreement Agents Equity 105

Broke Agent Media

FEBRUARY 3, 2023

These trends reinforce that while buyers are gaining an advantage in the market, they are still being deterred by high home prices and financing costs. Even as inventories climb and prices moderate, homeowners have equity and advantages in the market but need to set their expectations accordingly. The share of U.S.

Days on market 98

Days on market Marketing Sales Equity 98

HomeLight

JULY 25, 2022

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. There are a number of reasons for this, including lack of equity accumulated in the home and insufficient appreciation – an increase in property value. Gore advises homeowners to keep their homes in good condition.

Closing costs 110

Closing costs Short sale Equity Sales 110

Real Trends

JANUARY 2, 2023

We will also see lower supply because more homeowners may choose not to sell while they enjoy the low-interest rates that they locked in during 2020 and 2021. The current market is hanging by a thread, but we are not going to see a total housing market crash because people still have to move.

Seller concession 105

Seller concession Agents Mortgages Marketing 105

RIS Media

JANUARY 28, 2022

Days on Market (1mo). The median owner saw an estimated increase of more than $38,000 in their home value, creating trillions of dollars in potential borrower equity. Mobility of more affluent borrowers has pushed performance on this segment relative to those homeowners more adversely impacted economically by the pandemic.

Days on market 98

Days on market Sales Equity Residential 98

Real Trends

AUGUST 30, 2022

Sellers, who have already seen substantial equity gains in recent years, will still hold the advantage in many markets.”. Fewer than 150,000 homes were sold across the nation’s 100 largest housing markets in July, the lowest monthly sales figure in 12 months and down 50.7% Top 10 Buyers’ Markets. Top 10 Sellers’ Markets.

Marketing 68

Marketing Days on market Sales Equity 68

HomeLight

FEBRUARY 28, 2022

Colorado housing market statistics show that the median home price in Colorado is still escalating and the average number of days on market is decreasing. This suggests the Colorado housing market is still hot. Predatory lenders persuade homeowners to refinance their mortgage multiple times at higher fees.

Agents 105

Agents Brokerage Sales As-is 105

HomeLight

JULY 28, 2022

Older homeowners have some additional considerations, such as: Stairs that make it difficult to access living spaces. The median days on market in June was 14, with homes listed receiving an average of 3.4 Although 88% of properties sold in less than a month, contracts still took 30 days to close , these statistics show.

Staging 111

Staging Closing costs Agents Closing 111

HomeLight

APRIL 30, 2021

A real estate agent performs a comparative market analysis, or CMA , before your home hits the market to help arrive at a decent asking price. It’s also a helpful tool for homeowners who might be considering some renovations and wonder what the return on investment might be for adding that deck or upgrading the master bath.

Marketing 111

Marketing MLS Agents Renovation 111

Realty Biz

NOVEMBER 9, 2022

The market value is what a buyer is willing to pay for the property. A property's assessed value is rarely the same as its market value. Homeowners can get property value wrong when they use incorrect information! Lenders also hire appraisers when homeowners want to refinance their existing mortgage or get a home equity loan.

Agents 77

Agents Equity Mortgages Days on market 77

HomeLight

APRIL 21, 2023

If you need to sell your house fast in San Diego, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity quickly, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. Months supply of inventory 0.8

Investor 100

Investor Renovation Closing Sales 100

HomeLight

JUNE 8, 2021

Without adequate homeowners insurance or the upfront money to make repairs, the only type of buyer willing to take on your property may be an investor who can pay cash and plans to gut it. In a hot market, homes naturally sell fast. Recent statistics from NAR show homes sat on the market an average of just 16 days in May 2021.

Short sale 111

Short sale Sales Agents Days on market 111

The Close

DECEMBER 27, 2022

This is because when the seller down the street falls behind on payments and has to sell at below market price in order to avoid foreclosure, it affects the asking price for everyone else’s property on the block. This stage is similar to the previous moment in the real estate market cycle. Move forward with caution.

Investor 105

Investor Staging Marketing Banks 105

HomeLight

DECEMBER 2, 2021

Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. According to Caldwell, today’s buyers look for turnkey homes, not sweat equity. Source: (Clay Banks / Unsplash).

Seller concession 122

Seller concession Staging Inspection Renovation 122

HomeLight

MARCH 29, 2023

With 300 days of sun a year, a walkable downtown, and an average sale price $22,000 higher in February of 2023 than 2022, the area is still a great market if you’re looking to sell your house fast in Denver. In this guide, we’ll review each option to help you decide which makes the most sense for your home sale.

Sales 98

Sales Staging Investor Agents 98

HomeLight

DECEMBER 10, 2021

These buyers typically buy smaller, starter homes to start building equity. In other words, when a buyer looks in your home and sees piles of your stuff, they are not seeing the house and cannot imagine themselves as the homeowner. ” Presentation is king when it comes to marketing your two-bedroom home.

Staging 111

Staging Agents Equity As-is 111

HomeLight

NOVEMBER 29, 2021

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. Homeowners taxes. Here’s what you need to know. Grants and loans.

Land 110

Land Closing costs Purchase and sale agreement Loans 110