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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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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Many years ago, Matt’s grandmothers and his great aunt transitioned to nursing homes in their later years. These homes were effective at managing medication, safety, basic nutrition, and relative comfort, however, all three loved ones regressed after their transition to a nursing home. Matt often thought there had to be a better way.
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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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HOTTEST SELLER’S MARKET EVER!
An incredible 71% of Eastside Homes in January sold above their list price! The median sold price is up 32% over last year!
You bought low and NOW is the time to SELL HIGH!
THE SELLER’S DILEMMA IS REAL!
Concern #1: “if we sell, where are we going to live”
Concern #2: “if we sell, what will we be able to afford”
NEVER FEAR, TEAM SKALLY IS HERE!
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Have you heard about the Team Skally “EASY BUTTON”? In this market, anyone can sell your home…but we will make it EASY for you to get TOP DOLLAR!
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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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HOT is an Understatement…THIS MARKET IS ON 🔥!
The Eastside median sold price is now over $1.5M, up 32% over last year!
If you’re even a little bit curious about what your home would sell for in this ONCE IN A LIFETIME SELLERS MARKET, we’d be happy to perform a market analysis for you.
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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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Low-interest rates have many homeowners wondering if it’s a good time to refinance. Refinancing can save you a lot of money in the long term when done correctly. It’s important to consider the drawbacks as well. Here are some reasons why you might want to refinance, and a few things to be cautious of.
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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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