Timing The Market


 People stop me and want to discuss how best they can time the real estate market.What I tell folks is that this is near if not impossible to do. I suggest that they refrain the question in their minds when considering buying a home or selling a current property. Why not take the emotion out of this decission and think aout what is right for you at any given time.

Face it, this can be an emotional idea. Planning can remove some of the emotion and make this transaction smooth and what is right for you. 

Many people are concerned about what the stock market is doing. For home Buyers and Sellers, there is a bright side. Money is moving out of the stock market and into treasuries. With this happening, it is expected that interest rates will come down soon. Great news for those looking to make a move.

Let me explain a tried and true process that I use as I help you navigate a 


home purchase. 

1. Is it the right time for you to purchase a home? Many things influence this. Job change. Your current home doesn't fit your needs. You are an empty nester with all your bedrooms updstairs. Your parents or children are moving in with you. If the time is right, you next look at finances

2. If paying cash is not an option for you, review your current financial situation. Clean credit and little debt can influence the mortgage package you obtain. Meeting with your lender is a great next step. I work with many lenders who work with you as an individual and  focus on what is going to give you the best rate and terms given your curent circumstances.

3. Next, let's look at the market that you are buying in. Market trends are important as they can influence the value of the home you are buying or selling. Are homes selling in the neighborhood you are interested in. Are there loads of home for sale in this area? How long have they been on the market. What are the compareable home prices? Are you looking at the most expensive home in a particular neighborhood?  Is the market balanced. A balanced market doesn't favor buyers or sellers. This usually is a market with five to seven months of inventory. Anything less than that favors sellers; more favors buyers. 

There is a lot to think about when purchasing a home or deciding to sell. I have listed just a few items as fuel for thought.At Kentwood, we understand the importance of creating a home hat aligns with your values and fits your vsion. Whether you are searching for a cozier urban vibe or a rustic setting nestled in the mountains, we're here to help you find a space that not only meets your needs but supports your way of life. Reach out today as I am happy to help.






Comments

Post a Comment

Popular posts from this blog

Budget-Friendly Front Yard Tips For Getting Your Home Ready for Fall Fun or a Fall Listing Date

Image
1. Start at the Front Door Your front door is the welcoming threshhold for friends coming to visit, family visiting over the Holidays or potential Buyers. An easy way to freshen up your front door to give that great first impression is to paint it. The most popular color these days is classic black. Other colors are navy blue, red, yellow andsage green. It all depends on what feel you want your entry way to look. Painting is an improvement that can be made fairly quickly and inexpensively. 2. Consider Function and Style I have found that my front porch is an area for decompressing or relaxing before the day starts or ends. You can create a personality just for your entry way. Add a seating area, plants, fun mementos, colorful pillows or fun accents. I have a cement turtle about to eat a wire sculture of a grass hopper. Of course, the turtle never accoumplishes eating the grasshopper. You know how slow turtles can be. 3. Upgrade the Lighting Lighting plays a dual role—safety and amb...
Read more

Tiz The Season

Image
  Tiz the Season: Is It Time To Make Your Move? Or Just Make Smart Upgrades? I was sitting having coffee the other morning and was asked when the best time is to sell or buy a home. This is not always an easy answer to come up with because it is the time that is best for you and your family.  Typically, when s chool is out and graduations are over, you will see an increase in homes coming onto the market. Students have graduated; weddings are being planned and the busy summer months are here. Many of us find the months between April and June are the peak months. This is because families like to move during this time so the kids aren’t as disrupted while in school. This can mean that home prices may be higher and there will be more competition. While summer is the more popular time to plan a move, many choose other times of the year. People referring to themselves as Empty Nesters or Baby Boomers can be reflecting on their next chapter. Some are considering downsizing, relo...
Read more