FamilyFirstRealtyBlog

Selling Your Home? Here’s 2 Ways To Get The Best Price! By KCM Keeping current matters  7/24/18 Every homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house? Here are two ways to ensure that you get the highest price possible. 1. Price it a Little Low This may seem counterintuitive, but let’s take a look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation when, in actuality, it just dramatically lessens the  demand  for their houses  (see chart below). Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price their house so that demand for the home is maximized. By doing so, the  seller  will not be fighting with a  buyer  over the price but will instead have  multiple buyers   fighting  with  each other  over the house. Realt

What You Need To Know About The Mortgage Process [INFOGRAPHIC] By: KCM Keeping Current Matters 7/20/18 Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

The #1 Reason To List Your House For Sale NOW! By KCM Keeping Current Matters 7/9/18  If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The  National Association of Realtors’  (NAR)  Chief Economist  Lawrence Yun recently commented on the current lack of inventory: “Inventory coming onto the market during this year’s spring buying season  – as evidenced again by last month’s weak reading –  was not even close to being enough to satisfy demand.   That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.” The latest  Existing Home Sales Report  shows that there is currently a  4.1-month supply  of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and  6.1% lower than last year’s inventory level. The chart b

Buying This Summer? Be Prepared For Bidding Wars By: KCM Keeping Current Matters 7/2/18 Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different! Buyers have  already been out  in force looking for their dream homes and more are on their way. The challenge is that the inventory of homes for sale has not kept up with demand, which has led to A LOT of competition for the homes that  are  available. A recent  article  by the  National Association of Realtors  touched on the current market conditions: “Realtors® in areas with strong job markets report that consumer frustration is rising. Home shoppers are increasingly struggling to find an affordable property to buy, and the prevalence of multiple bids is pushing prices further out of reach.” Realtor.com  went on to  explain  why buy