Are We in a Bubble?

A lot of people are asking if we’re in a bubble. To figure that out, the first place we should look is at the numbers themselves.

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A lot of people have been asking if right now is a good time to buy or sell. But, another broader question I’m hearing a lot is, “Are we in a bubble?”

To figure that out, I think it’s important to look at the numbers. Over the last three years, the market has seen consistent growth and the interest rates have generally stayed low. 

We can see from this that there isn’t a very high likelihood that the Feds will be raising interest rates in a significant way. In fact, some people are saying interest rates could even drop.

The lower interest rates are, the more people can afford. This is especially important since the somewhat drastic increases we’ve seen in prices over the last two to three years. Right now in our area, we’re starting to see prices similar to those we saw in 2006, 2007, and 2008. 

Though interest rates typically rise along with price, this isn’t a trend we’re currently seeing. We can expect prices to continue to rise. 

We’re also seeing homes spending fewer days on market, as well as lower inventory overall. 

If you’re thinking of buying, now is still a good time.

However, if you’re thinking of buying, now is still a good time. 

If you’re considering selling, the most important thing is to pay attention to supply and demand within the market. 

Overall, I’d have to say that most people would not agree that we’re in a bubble. 

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

How Do You Choose a Quality Agent?

When you are looking for an agent to help with your real estate transaction, how can you know if they will do a good job?

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With the recent influx of agents into our area’s market, a lot of people have come to me asking, “How do I find the right agent?” 

The answer depends on what kind of real estate transaction you’re about to undertake. If you are in the market to purchase a home you should be looking for a lender.

But don’t settle for your first encounter, be sure to shop around to get the best rates and the best terms and conditions on your mortgage. You should also get a buyer’s roadmap. A buyer’s roadmap will show you how we get priority access to all the best deals on the market. 

This will help you win out against the competition. Having the roadmap will be your guide to success as a buyer, but you’ll still need a quality agent. When looking for the right agent, be sure to ask how many homes they sell per year, how well they know the area, and how well they know financing.

Sellers will need a game plan, as well. Having a selling guide and using high-quality marketing will be key. My team and I offer a 151-step marketing guide that can help you have as smooth and successful a transaction as possible. 

Very few other agents, or teams of agents, can do what we can.

Full-disclosure, full-detail marketing strategies are also something we do. From 3D tours to aerial drone shots and more, we have all the resources to help our sellers make their listing as attractive as possible. We also offer a 75-point photography checklist designed to ensure that your home is being presented in the best light.

Very few other agents, or teams of agents, can do what we can—let alone at such a high level. 

To find out if an agent will be able to get you top dollar, there are a few questions you should ask as a seller. How many homes have they sold this year? Do they have a resume?  

With as many agents as are coming in our area, we’re seeing a few of them underpricing homes and therefore only selling between two to four properties a year. Selling quickly isn’t worth it if an agent is undercutting their client’s profit by thousands.

One of the things that sets my team apart is that we only accept full price offers for our clients. You need an agent who has a game plan for getting you at or above list price.  

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

Who Can You Trust to Sell Your Rental Property?

If you want to sell your home that's currently being rented, should you try to sell it through the leasing company? Here's why I advise against it.

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There are a few common questions I've received in recent weeks that I wanted to address for you.

Q: Is there any benefit to choosing a team of real estate agents versus a leasing company?

A: A client had a home rented and was looking to sell it. The people leasing the home really wanted to list the house. I told them that the problem was that they wanted to list the house—not try to find a buyer and sell it in a reasonable amount of time for top dollar.

Don't ask someone to sell your home unless they sell homes regularly at a high level.

Someone once told me that when you ask someone to do something they don't normally do at a very high level, you probably won't get the best results. Just like you wouldn't call your kids' orthodontist for a root canal, you shouldn't call your leasing company to sell your house. 

If you have a home that's rented that you're looking to sell, don't hesitate to give me a call or send me an email. I'd be happy to help!