5 Reasons to Sell Your House This Summer with Utah Realty
Here are 5 compelling reasons listing your home for sale this summer makes sense.
1. Demand Is Strong
The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.
Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move.
Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days. (Last numbers available.)
4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own!
According to CoreLogic, prices are projected to appreciate by 4.8% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
5. It’s Time to Move on with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to start living the life you desire.
That is what is truly important.
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What the Experts See Coming for the Housing Market Experts are optimistic that the housing market will rebound as the country emerges from stay-at-home orders. Let's connect to discuss how these key insights may fuel your plans to buy or sell a home this year.
Will the Utah Housing Market Turn Around This Year?
Will the Housing Market Turn Around This Year?Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if...
A Surprising Shift to the ‘Burbs May Be on the Rise
A Surprising Shift to the ‘Burbs May Be on the RiseWhile many people across the U.S. have traditionally enjoyed the perks of an urban lifestyle, some who live in more populated city limits today are beginning to rethink their current neighborhoods. Being in close...
Unemployment Report: No Need to Be Terrified
Unemployment Report: No Need to Be TerrifiedLast Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next...
Will Utah Home Values Appreciate or Depreciate in 2020?
Will Home Values Appreciate or Depreciate in 2020?With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined...
A Day When Americans Can Return to Work
A Day When Americans Can Return to WorkSome HighlightsTaking a moment to reflect upon what we’ve heard from historical leaders can teach us a lot about getting through the many challenges we face today.We're all eager for the day when every American can safely return...
Unemployment: Hope on the Horizon
Unemployment: Hope on the HorizonTomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic...
Caremongering Spreads Goodness, Not Fear
Caremongering Spreads Goodness, Not Fear As news of Covid-19 started gearing up, Allison Bradley felt heartbroken when she spotted seniors running errands and grocery shopping around her town, Kelowna, B.C. “My goodness, you are risking so much by being out here. It’s...
Why Home Equity Is a Bright Spark in the Housing Market
Why Home Equity Is a Bright Spark in the Housing MarketGiven how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have...
More Temporary Bumps in the Road to Recovery
We know there are bumps in the road when it comes to today’s economy and the housing market, and that’s to be expected under the current conditions. The good news is, experts are forecasting that home prices will continue to rise. DM me to discuss your plans in this...
Confused About the Economic Recovery? Here’s Why.
Confused About the Economic Recovery? Here’s Why.As we continue to work through the health crisis that plagues this country, more and more conversations are turning to economic recovery. While we look for signs that we’ve reached a plateau in cases of COVID-19, the...
U.S. Homeownership Rate Rises to Highest Point in 8 Years
U.S. Homeownership Rate Rises to Highest Point in 8 YearsFor nearly two months, most of us have been following strict stay-at-home orders from our state and local governments. It is a whole new way of life that has put our daily lives on pause. On the other hand, many...
The 3 Sciences That Are Driving Today’s Expert Economic Projections
Why the Housing Market Is a Powerful Economic Driver?
Why the Housing Market Is a Powerful Economic Driver?With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned...
Buying a Home Right Now: Easy? No. Smart? Yes.
Buying a Home Right Now: Easy? No. Smart? Yes.Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry's leading showing management technology provider,...
Rise to the Top of the Pool by Selling Your House Today
Rise to the Top of the Pool by Selling Your House Today With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most...
What Impact Might COVID-19 Have on Home Values?
What Impact Might COVID-19 Have on Home Values?A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy.The...
New Technology Is Powering the Real Estate Process
Technology Is Powering the Real Estate Process Technology is the driving force behind many of today's real estate transactions. Let’s connect to discuss how working together to go digital can give you an edge when buying or selling your home.
Uncertainty Abounds in the Search for Economic Recovery Timetable
Uncertainty Abounds in the Search for Economic Recovery TimetableEarlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic...
Keys to Selling Your House Virtually
Keys to Selling Your House VirtuallyIn a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable,...
Will This Economic Crisis Have a V, U, or L-Shaped Recovery?
Will This Economic Crisis Have a V, U, or L-Shaped Recovery?Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big...
The Pain of Unemployment: It Will Be Deep, But Not for Long
The Pain of Unemployment: It Will Be Deep, But Not for LongThere are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million...
How Technology is Helping Buyers Navigate the Home Search Process
How Technology is Helping Buyers Navigate the Home Search Process Some Highlights:A recent realtor.com survey revealed that buyers are still considering moving forward with the homebuying process, even if they can’t see the home in-person.While they still prefer to...
A Recession Does Not Equal a Housing Crisis
Today’s Homebuyers Want Lower Prices. Sellers Disagree.
Today’s Homebuyers Want Lower Prices. Sellers Disagree.Utah Single Family Inventory has risen from 5775 to 5940 from April 5th to April 16th.Utah County Single Family Inventory April 5th was 1401, April 16th up a little to 1466Salt Lake County Single Family Home...
Think This Is a Housing Crisis? Think Again.
Think This Is a Housing Crisis? Think Again.With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it's logical to...
What If I Need to Sell My Home Now? What Can I Do?
What If I Need to Sell My Home Now? What Can I Do?Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in...
Recession? Yes. Housing Crash? No.
Recession? Yes. Housing Crash? No.With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate...
More than half of homes in America have at least 50% equity. Wondering how much equity you have? Let’s connect.
What You Can Do to Get Your House Ready to Sell
What You Can Do to Get Your House Ready to Sell Some Highlights: Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store. Your real estate plans don’t have to be completely on hold even while we’ve hit the...
Why Home Office Space Is More Desirable Than Ever
Why Home Office Space Is More Desirable Than EverFor years, we’ve all heard about the most desirable home features buyers are looking for, from upgraded kitchens to remodeled bathrooms, master suites, and more. The latest on the hotlist, however, might surprise...
Will Surging Unemployment Crush Home Sales?
Will Surging Unemployment Crush Home Sales?Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many...
Auto DraftWhy Pre Approval Is a Great Step to Take Today
Why Pre Approval Is a Great Step to Take Today If you’re in the position to buy a home this year, pre-approval is something you can still do right now to get ahead in the homebuying process. Let’s connect to talk about your goals for 2020.
The Housing Market Is Positioned to Help the Economy Recover
The Housing Market Is Positioned to Help the Economy RecoverSome HighlightsExpert insights are painting a bright future for housing when the economy bounces back – and it will.We may be facing challenging economic times today, but the housing market is poised to help...
Looking to the Future: What the Experts Are Saying
Looking to the Future: What the Experts Are SayingAs our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human...
Real Estate Is an Essential Service According to U.S. Government
According to CISA (Cybersecurity and Infrastructure Security Agency)This list is advisory in nature. It is not, nor should it be considered, a federal directive or standard. Additionally, this advisory list is not intended to be the exclusive list of critical...
The Best Advice Does Not Mean Perfect Advice
The Best Advice Does Not Mean Perfect AdviceThe angst caused by the coronavirus has most people on edge regarding both their health and financial situations. It’s at times like these when we want exact information about anything we’re doing – even the correct protocol...
What You Can Do to Keep Your Dream of Homeownership Moving Forward
What You Can Do to Keep Your Dream of Homeownership Moving ForwardSome Highlights:Don’t put your homeownership plans on hold just because you’re stuck inside.There are several things you can do right now to keep your home search moving forward.Connect with an agent,...
With so much changing in today’s market
Does the News have you Scared
Don’t Let Frightening Headlines Scare YouThere’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well.Amidst all this anxiety, anyone with a...
According to the Salt Lake Board of Realtors®Salt Lake home sales year-to-date are roughly the same as they were last year at this time. While everyday life has changed, the current economic quarantine could be short-lived, according to Lawrence Yun, chief economist...
A Recession Does Not Equal a Housing Crisis
A Recession Does Not Equal a Housing Crisis Some HighlightsThe COVID-19 pandemic is causing an economic slowdown.The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.All things considered, an...
Why the Stock Market Correction Probably Won’t Impact Home Values
Why the Stock Market Correction Probably Won’t Impact Home ValuesWith the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking...
5 Simple Graphs That Prove This Is Not Like the Last Time
A Recession Does Not Equal a Housing Crisis
A Recession Does Not Equal a Housing Crisis Some HighlightsThe COVID-19 pandemic is causing an economic slowdown.The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.All things considered, an...
Coronavirus Map
View the the interactive map https://google.org/crisisresponse/covid19-map
Coronavirus (COVID-19)
Notice the On Set Dates Below
Three Reasons Why This Is Not a Housing Crisis
Three Reasons Why This Is Not a Housing Crisis In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks...
Happy St Patrick’s Day Utah!
Two Big Myths in the Homebuying Process
Two Big Myths in the Homebuying Process The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of...
5 Simple Graphs Proving This Is NOT Like the Last Time
5 Simple Graphs Proving This Is NOT Like the Last Time With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The...
Yes, You Can Still Afford a Home
Yes, You Can Still Afford a Home The residential real estate market has come roaring out of the gates in 2020. Compared to this time last year, the number of buyers looking for a home is up 20%, and the number of home sales is up almost 10%. The increase in purchasing...
Confidence Is the Key to Success for Young Homebuyers
Confidence Is the Key to Success for Young HomebuyersBuying your first home can seem overwhelming. Thankfully, there’s a lot of great information out there to help you feel more confident as you learn about the process. For those in younger generations who aspire to...
Equity Gain Growing Across Utah and in Nearly Every State
Equity Gain Growing in Nearly Every State Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising...
Mortgage rates fell to their lowest level March 2020
Mortgage rates fell to their lowest level on record Thursday, pulled down by fears that the spread of coronavirus could weigh on the U.S. economy. The average rate on a 30-year fixed-rate mortgage fell to 3.29 percent from 3.45 percent last week and down from 4.41...
Thinking of Getting Your House Ready to Sell?
Impact of the Coronavirus on the U.S. Housing Market
Impact of the Coronavirus on the U.S. Housing MarketThe Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s...
How Interest Rates Can Impact Your Monthly Housing Payments
How Interest Rates Can Impact Your Monthly Housing Payments Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage...
How Your Tax Refund Can Move You Toward Homeownership This Year
How Your Tax Refund Can Move You Toward Homeownership This Year If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this...
10 Steps to Buying a Home
10 Steps to Buying a Home Some Highlights: If you’re thinking of buying a home and you’re not sure where to start, you’re not alone. Here’s a guide with 10 simple steps to follow in the homebuying process. Be sure to work with a trusted real estate professional to...
How Much “Housing Wealth” Can You Build in a Decade?
How Much “Housing Wealth” Can You Build in a Decade? Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30...
Thinking of Selling? Now May Be the Time
Thinking of Selling? Now May Be the Time. The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%....
Income Rates Over Time
Some Highlights: With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time. According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low. The...
Entry-Level Homeowners Are in the Driver’s Seat
Entry-Level Homeowners Are in the Driver’s Seat One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects...
Opportunity in the Luxury Market This Year
Opportunity in the Luxury Market This Year Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since...
Whats Trending in Outdoor Kitchens?
Outdoor kitchens have been popular for years. Not only do they give you an excuse to enjoy beautiful weather outdoors but they’re also great for entertaining. Having a nice outdoor kitchen can even improve the overall value of your home! While these kitchens...
Breaking News Housing Inventory
Breaking News! Housing Inventory Is Falling! February 2-22-20 Utah Active Homes From Utah Real Estate >>> 6161 Salt Lake County Active Homes for Sale >>> 1265 Utah County Active Homes for Sale >>> 1387 Davis County Active Homes for Sale...
Interest Rates Over Time [INFOGRAPHIC]
Interest Rates Over Time [INFOGRAPHIC] Some Highlights: With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time. According to Freddie Mac, mortgage interest rates are currently...
You May Have More Home Equity Than You Think
You May Have More Home Equity Than You Think With home values appreciating, there's a good chance you have more home equity than you think. Let's connect to explore how you can use your equity in your next move.
The #1 Misconception in the Homebuying Process
The #1 Misconception in the Homebuying Process After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article: “A year ago, a combination...
The Many Benefits of Aging in a Community
The Many Benefits of Aging in a Community There’s comfort in being around people who share common interests, goals, and challenges. That comfort in a community doesn’t wane with age – it actually deepens. Whether it’s proudly talking about grandchildren or lamenting...
Ways to Declutter Before Listing the Family Home
Ways to Declutter Before Listing the Family Home 1. Toss the Trash We often become “clutter blind” to things that collect in our homes. If you have mail waiting to be sorted, handled, and discarded, magazines and newspapers you intended toread (but probably won’t),...
Adapting Your Home
Adapting with Age Most of us would prefer to age in our current home. But as health and aging issues make more areas of the home hard to access or pose a greater risk of injury, doing so can be difficult. We can begin to feel trapped and that selling our home is the...
Trusted Professionals Make Homebuying Easier
How Trusted Professionals Make Homebuying Easier to Understand In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they...
The Overlooked Financial Advantages of Homeownership
The Overlooked Financial Advantages of Homeownership There are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can...
Why the Electoral College Is So Important
Why The Electoral College Is So Important?
Reasons to Fall in Love with Homeownership
Reasons to Fall in Love with Homeownership Some Highlights: There are many benefits to love about homeownership, and they’re not all financial. Being a part of a neighborhood, driving academic achievement, and improving mental health are just a few of these...
Home Prices Are on the Rise This Year and to 2024
Home prices are appreciating, and they're forecasted to continue doing so through the next few years. Let's connect to see if now is a great time to make your next move.
How the Housing Market Benefits with Uncertainty in the World
How the Housing Market Benefits with Uncertainty in the World It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have...
The #1 Reason to List Your House Right Now
The #1 Reason to List Your House Right Now The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that...
Underwater with Two Mortgages? Here are 5 Ways to Refinance
Underwater with Two Mortgages? Here are 5 Ways to Refinance Having a second mortgage or home equity line can make refinancing an underwater mortgage nearly impossible, but one of these five strategies might bail out your refinance. The mortgage market is awash in...
Homeownership Rate on the Rise to a 6-Year High
Homeownership Rate on the Rise to a 6-Year High Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing...
How Pricing Your Home Right Makes a Big Difference
How Pricing Your Home Right Makes a Big Difference Even though there’s a big buyer demand for homes in today’s low inventory market, it doesn’t mean you should price your home as high as the sky when you’re ready to sell. Here’s why making sure you price it right is...
The Top States Americans Moved to Last Year
The Top States Americans Moved to Last Year Some Highlights: Americans are on the move, and the most recent Atlas Van Lines Migration Patterns Survey tracked the 2019 traffic flow from state-to-state. Idaho held on to the top spot of ‘high inbound’ states for the...