Will 2019 Be A Terrible Real Estate Market?

That’s the 1,000,000 dollar question. Will 2019 be a terrible real estate market?
Obviously there are many things to consider, but if you’re thinking of selling your home in 2019, delaying could cost you a lot of money. As the market may be slowing down, rates are rising & mortgage expenses are increasing.
selling a home in 2019

When a home sits on the market for too long it loses appeal and can cost you money. Each day you wait could mean a lower price for your home when you decide to sell!
By analyzing sale prices, I can better prep and market your home for sale. This can result in a higher selling price for you.

If you’re ready to sell your home, please contact me today. Let’s make 2019 your year and find the deal that’s right for you!

Is it risky buying a new home before selling a home you currently own?

Is it risky buying a new home before selling a home you currently own? There is no simple answer… Knowing and understanding your options can help you make the decision that’s right for you. There can be several advantages to buying a new home before selling your current one, so we’ve broken down a few things you should consider.

Timing Your Move
You can take your time with the buying and moving process. You’ll have more time to shop for a new home that has the features and location that you want. Then once you buy your new home you can move in at your own pace, and put your current home on the market when ready. buying a home, selling a home

On the other hand, if you sell your current home before buying, you face the possibility of not having a place to live. There are options. You could rent until you buy a new home, including the possibility of renting your current home from the new owners. Or, once you have an offer, you can begin shopping for your new home and try to coordinate closing dates. While not impossible, this would take a bit of finagling and a lot of luck.

Financing Your Move
If you still owe money on your current home, then you’ll have to be able to afford two mortgages until your current home sells. How quickly that happens depends on the housing market in your area. Having two house payments will limit your purchasing power for a new home.

Selling before you buy gives you the advantage of knowing the exact amount you can put toward your new home purchase. While this might give you more peace of mind and buying power, it might mean missing out on homes you want while waiting for yours to sell.

Ask a Professional
Your real estate agent can estimate the value of your current home and how quickly the current market is moving. They can also help you find information about neighborhoods you are interested in moving to and how much buying power you’ll need for the home you want.

A mortgage lender can help you figure out if you can afford to have two mortgages. They can also inform you about how to use equity in your current home to help with the down payment on a new home.

Whether you decide to buy first or sell first, you can make the process easier by being prepared and able to take action when the right opportunity comes along.

Have more questions about buying a new home before selling your current one? Feel free to contact me for more information.

Curb Appeal

Curb AppealDollar for dollar, no improvement has more impact on the future sales price of your home than dollars spent enhancing its exterior, also known as Curb Appeal. You’ve seen it on all the TV “fixer upper” shows, curb appeal is what brings attention to your home and many times can help raise its value!

Luckily for you, it’s also one of the easiest places to make a swift impact. A coat of paint, some landscaping improvements, shutters and planter boxes, neighborhood-appropriate fencing, and a decent lawn guy are all affordable fixes that will do wonders for the foot traffic you get when your home is on the market. And we all know once a prospective buyer is in the door, anything can and usually does happen. That doesn’t mean interior improvements and amenities don’t matter, because they do, but creating a wow factor before a prospective buyer steps out of his or her car is the biggest bang for your buck you can buy.