Here’s the latest about the current housing boom.
No doubt today’s environment feels a lot like the bubble market in 2006, but don’t worry, there are a few "market" differences:
Loans are much harder to get today than in 2006. Lenders have raised lending standards and loans are smaller in proportion to house values and borrowers’ income. Translation? Buyers can’t acquire loans like they used to.
The main factors in the current price runup are tight supply and strong demand, not unsafe lending.
Many think the boom has been years in the making. Having overbuilt in the 2000s, homebuilders underbuilt in the 2010s—and now, it's playing catch up.
Yes, home prices are soaring, but the market is strong with no hint of slowing down. If you’re curious about buying or selling right now, I’d love to connect. Reach out and let's talk.
The other day a friend asked if there's really a method to the madness for getting top dollar when selling. Good news! There is. If you scooch in a little closer, I’ll pass along a few of my best-kept secrets (usually reserved exclusively for clients!).
Price it right. Setting the right price for your home is the single most important decision you'll make when you decide to sell. Don’t worry—I can help get it right from day 1!
Keep your cards close. So far as you can help it, don’t spill to buyers why you’re selling. If they sense you need to sell quickly, it could affect their offer.
Storage speaks. Buyers LOVE LOVE LOVE storage. Do whatever it takes to put your home’s closets and storage nooks on full display—even if it means clearing ‘em out.
Enhance the entry. You use it as a place to unload your wallet, keys, mail, or loose change....when you’re selling, swap out the gadgets for a vase of fresh-cut flowers or a thriving houseplant.
Clean is everything. Clean, clean, and then clean some more! Remember, you'll be up against a few BRAND NEW homes at your price point. Don’t miss top dollar for lack of a little elbow grease.
Depersonalize and declutter. Get rid of a third of your stuff—even rent a storage unit if necessary. A good visual to keep in mind? Picture transforming your home into a rental property.
There's lots more I could share but that's it for today. If you'd like to chat more about how you can get top dollar for your home, I'd love to connect. DM me today!
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To contact me
Call at 951.283.4827
DRE#02009783
or
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