SLOW DOWN TO SPEED UP!? Have you heard that simple saying before? Well, it describes perfectly the state of the market.
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Windermere's Chief Economist, Matthew Gardner, has coined the phrase "Housing Reversion" to describe current and forecasted housing market conditions.
His data and perspective give us confidence that we should turn off the news and follow the timeless and invaluable advice of Mark Twain, who famously said, "don't wait to buy real estate, buy real estate and wait"! We couldn't agree more!
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The Real Estate “Shimmy” - win as both a Seller and a Buyer in this Market!
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A good time to be seller and a buyer? How can that be?
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Ask someone what’s the American Dream, and almost every response includes homeownership. For all of us homeowners, we have certainly seen our dreams come true through wealth generation and invaluable lifestyle and community benefits.
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Interest Rates are up. The average home’s Days On Market (DOM) has doubled. The median sold price is down 8% between April &May. Are these signs of a housing apocalypse? We think not!
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While it remains a seller's market, we are experiencing signs in favor of buyers. Some key indicators include…
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Here's our perspective on current market conditions and what's likely to happen next…
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Did you know the median sold price on the Eastside is now almost $1.7M?!
We're up 33% over last year with nearly 90% of homes selling over their list price.
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Getting tired of the same old routine? Looking to add a little spice to your life? Well, you could try listening to the song “Spice Up Your Life” by the Spice Girls! (LOL) Ok, seriously, a home refresh is just what the Doctor and Team Skally ordered!
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We often get asked what are the best colors to paint your home. Painting is such an easy and inexpensive way to make a home look refreshed and modern. Not only can it increase your home’s value it also can generate joy in having a fresh palette to work with.
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Clients often ask us the secret to making money in real estate. Our Uncle (RIP), who was quite successful as a real estate investor and manager, used to say: “your home is not an investment, it’s a lifestyle”. We certainly agree with him on the lifestyle point, as our Team Skally “reason for being” is to make our client’s Lifestyle Dreams Come True! But if he were around today we’d certainly love to debate him on the idea that your home is not an investment. With the median home appreciating 26% over the last year and another 18% forecasted by Porch.com over the next year, our homes have incredible equity to unleash!
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Have you ever thought…There is so much I'd like to do to our home but I don't know where to start?
From our perspective, starting with the kitchen is a no-brainer. It's the heart of the home! We spend much of our time at home, nourishing our bodies, enjoying precious time with family and creating amazing traditions and memories with our friends. But, the scope and cost of a total kitchen remodel can be intimidating, so here are a few refresh ideas that provide exceptional bang for the buck.
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We are frequently asked the question, "is now the right time to buy"?
With the median sold price on the Eastside increasing over 30% in the last year it certainly can be hard to believe that now could be a good time to buy. But when looking at the bigger picture...now, as in right now, can present a good opportunity to buy. Thinking we're a little crazy?! (LOL!)...here are a few key facts and trends that we're sharing with our clients/friends on the daily...
Real estate has long been considered a solid investment for many reasons. It is a relatively safe and easy way for people to build wealth beginning with a small amount of money. If you are interested in investing in real estate, I’d be happy to help you find the right properties.
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Home equity…Everybody wants it, but what exactly is it, and how do you get it?
Equity represents the degree of ownership an individual or entity has in an asset after subtracting any debts against the asset. To say someone shares equity in a company means they would share in any assets remaining after all debts are accounted for.
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Both buying and selling a home can be equally stressful, and what about when you are trying to coordinate both at the same time? There are a lot of moving parts, and the agents involved work together to ensure the smoothest possible transactions for our clients. If you are selling your home and want to close on a new home purchase at the same time, here are some things to think about to make your move as smooth as possible.
Luxury homes are generally described as those in the top 10% of their market. Luxury homes are usually located in the most optimal areas in a market, are large in size, and built with high-end materials. Luxury homes often have unique design elements and amenities not found in most homes. Want an indoor pool, a rock-climbing wall, a ballroom, or a bowling alley? A luxury home might have one of these– or all of them!
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Are you thinking about investing in real estate in 2021? It may be the perfect year to purchase a rental property, a vacation home, or to flip houses. I would be happy to help you find the perfect investment property, and I’ve put together this list of tips to help you get the best return on your investment.
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