Wednesday, August 10, 2022 / by Brian Armstrong
Should You Wait Until 2023 to Sell Your Home?
Considering selling your home, but not sure if now is the right time? The real estate market is still complicated, so we understand why you are questioning the timing of your sale! Your home is a valuable asset, and you don't just want to sell; you want to maximize the value of your sale. So, let's look at where things stand as we approach the end of 2022!
Consumer Confidence
Consumer confidence measures how people in the US feel about the current market. Right now, buyer and seller confidence in the nation has been falling as inflation and mortgage rates rise, as told in a recent report by Fanny Mae. Housing confidence has not been this low since 2011, indicating significant economic challenges in today's real estate market. "Surveyed consumers continue to express pessimism about home buying conditions, with only 17% of respondents reporting it's a good time to buy a home," according to Fannie Mae's report. "Meanwhile, the percentage ; ...
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real estate, strong will real estate, vermont, chittenden county, keller williams, northwest vermont, burlington, home tips, home selling process, interest rates
Thursday, August 4, 2022 / by Brian Armstrong
If you have been looking for a home, considering buying property, or just watching the news over the past two years, you have probably heard about the wild and wacky real estate market. Home prices skyrocketed, homes sold moments after listing, and bidding wars dominated the market nationwide. Where does that leave us today? Is now a good time to buy? Please note we are not financial experts, so please consult with a financial institute before making a home purchase. However, we want to help you understand what is happening in the Vermont real estate market so you can make educated decisions!
The Economic Slowdown
As you may well know, the US economy has experienced significant volatility in 2022. This volatility penetrated the Real estate market as indicators showed recessionary activity. Inflation rose quickly to over 9%, thus driving the Federal Reserve to increase the rates for borrowing. These actions caused consumers to borrow less money and ultimately spend less over. ...
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real estate, strong will real estate, vermont, chittenden county, keller williams, northwest vermont, burlington, buyers process, homebuying, first time buyer, home tips, interest rates, lending, investment properties
Thursday, May 26, 2022 / by Brian Armstrong
If you have been watching the news over the past several weeks, you have likely seen analysts discussing inflation and interest rates. Both mechanisms have a strong pull on the U.S. economy, and if you are looking to buy or sell real estate, understanding what the numbers are indicating is key. Read on as we dive into what is happening with our current economy and what impacts Vermonters (or future Vermonters) will face! Please keep in mind we are not financial advisors, and you should always speak to a finance professional before making any decisions to understand the appropriate solution(s) specific to you.
The Inflating Economy
Over the last year, we have seen a tremendous rise in inflation. Inflation, in simple terms, is a year-over-year calculation of everyday goods like food, gas, electricity, etc. In the past 12 months, we have seen a huge jump coming to a whopping 8.3% increase. With the cost of living rising across the U.S., homebuyers feel the effects in their pockets. ; ...
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real estate, strong will real estate, vermont, chittenden county, keller williams, northwest vermont, burlington, buyers process, home tips, homebuying, home selling process, interest rates, lending
Thursday, April 7, 2022 / by Brian Armstrong
Owning a home is a wonderful milestone and an investment in your future! Your home purchase is likely to be one of the largest investments you will make in your life, and just like any other investment, you must protect it. If you properly maintain your home, you may find you can live in it for several decades and still sell it for more than you originally paid! When you buy a new car, it will most likely depreciate the moment you drive it off the dealer's lot. On the flip side, when you purchase a new home, it will likely retain value for years if its condition is maintained. In this article, we will outline the best ways to protect your home, so you maximize the value of your investment in the future!
Make Preventative Maintenance a Priority
Owning a home means you are the "landlord", which comes with the responsibility of upkeep and maintaining the property. The first step towards keeping your home in tip-top shape is creating a maintenance schedule. Outline all the majo; ...
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real estate, strong will real estate, vermont, chittenden county, keller williams, northwest vermont, burlington, home tips, home improvement, things to do, home inspection, spring
Thursday, March 31, 2022 / by Brian Armstrong
Life is full of changes, and where you live today may not be the right fit for you in the near future. If you are preparing to put your home on the market, but are unsure if you should hire an agent, that’s ok! We meet and chat with Vermonters every day, and you are not the only one who is contemplating this. In short, can you sell a home on your own without an agent? Yes, however, you may miss out on maximizing the value of your home sale. Below we outline how leveraging the skills and knowledge of an experienced real estate agent can help you find more success when selling your home.
Is My Pricing Right?
One of the most crucial mistakes we see homeowners make when trying to sell their own homes is pricing their property correctly. Setting an accurate price from the get-go is essential to a quick and profitable sale. Many homeowners will overprice their property, which tends to lower the number of potential buyers and lengthen the time the property sits on the ; ...
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real estate, strong will real estate, vermont, chittenden county, keller williams, northwest vermont, burlington, home tips, home selling process, quick sale, spring
