Thursday, November 28, 2024 / by Joyce Dungca
With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait? Some may even consider taking their house off the market until next spring. But is that the best choice? Because at this time of year, your home can really stand out.
Here's the thing: there are plenty of buyers out there who want to be in a new home by the holidays, and your house might be just what they’re looking for. As an article from Redfin says:
“. . . there is typically less inventory in the housing market this time of year, allowing your home to easily stand out among the available inventory. And though there are technically fewer buyers overall, the homebuyers that are looking are far more serious about finding a home within a specific timeframe. . . selling your home during the holidays might be your best present this year.”
Here are four key reasons you may not want to wait to sell your house.
1. . ...
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team raj jaggi, buyers, sellers, housing market
Wednesday, November 27, 2024 / by Joyce Dungca
Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down. And if you’ve seen headlines about the early November Federal Funds Rate cut by the Federal Reserve (The Fed), maybe you got hopeful mortgage rates would start to decline right away. Although some media sources may lead you to believe that the Fed’s actions determine mortgage rates, in reality, they don’t.
The truth is, the Fed, the job market, inflation, geopolitical changes, and a whole list of other economic factors influence mortgage rates, too. So, while recent actions from the Fed set the stage for mortgage rates to come down over time — it's going to be a gradual and, likely bumpy, process.
Here’s the best advice anyone can give you right now. While you may be tempted to wait for rates to fall, it’s really hard to try and time the market — there’s just to. ...
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team raj jaggi, buyers, sellers, housing market, mortgage rates, credit scores
Tuesday, November 26, 2024 / by Joyce Dungca
Buying a home in today’s market can feel like an uphill battle – especially with home prices and mortgage rates putting pressure on your budget. If you’re feeling stuck, co-buying could be one way to help you get your foot in the door. Freddie Mac says:
“If you are an aspiring homeowner, buying a home with your family or friends could be an option.”
But there are some things you'll want to consider first. Let’s explore why co-buying is gaining popularity right now among some buyers and see if it may make sense for you too.
What Is Co-Buying?
Co-buying means buying a home with someone like a friend, sibling, or even a group of people. And, with today’s high home prices and mortgage rates, it’s an option more people are turning to.
According to a survey done by JW Surety Bonds, nearly 15% of Americans have already co-purchased a home with someone, and another 48% would consider. ...
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team raj jaggi, buyers, sellers, home prices, homeownership
Monday, November 25, 2024 / by Joyce Dungca
One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt.
That’s a big part of the reason why even though mortgage debt is at an all-time high, this isn’t 2008 all over again. As Bill McBride, Housing Analyst for Calculated Risk, explains:
“With the recent house price increases, some people are worried about a new housing bubble – but mortgage debt isn’t a concern . . .”
Today’s homeowners are in a much stronger position than ever before. So, let’s break it down and see why today’s mortgage debt isn’t anything to fear.
More Equity, Less Risk of Foreclosures
According to the St. Louis Fed, total homeowner equity is nearly triple the to. ...
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team raj jaggi, buyers, sellers, equity, mortgage, home owners, foreclosures
Friday, November 22, 2024 / by Joyce Dungca
Some Highlights
If you’re planning to list your house in 2025, it’s already time to start working on any repairs. But where do you start?
Your local agent will be able to help you prioritize projects that will help you get the best return on your investment and appeal to what today’s buyers really want.
If your goal is to sell your house next year, let’s connect so you know what to start working on now. ...
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team raj jaggi, buyers, sellers, real estate agents, home owners
