Each month, we publish a series of articles of interest to homeowners -- money-saving tips, household safety checklists, home improvement advice, real estate insider secrets, etc. Whether you currently are in the market for a new home, or not, we hope that this information is of value to you. Please feel free to pass these articles on to your family and friends.



In This Issue:

  1. How To Find a Neighborhood You'll Love And Can Afford - Finding the right home means more than the right layout or finishes, it means finding a neighborhood that fits your lifestyle, needs, and budget.

  2. The Ultimate Homebuyers Checklist - Buying a home involves many moving parts, and missing even one can cost time, money, or the deal itself.

  3. How To Choose The Agent Who Will Actually Sell Your Home - Not all real estate agents are created equal. Choosing the right one can mean the difference between a fast, profitable sale-and a stressful, drawn-out experience.



How To Find a Neighborhood You'll Love And Can Afford


Summary

Finding the right home means more than the right layout or finishes, it means finding a neighborhood that fits your lifestyle, needs, and budget. This report guides buyers through the process of evaluating areas, comparing priorities, and balancing dreams with dollars. Learn how to research like a pro and avoid common location regrets.


You've probably heard the phrase "location, location, location" and for good reason. The neighborhood you choose shapes your lifestyle, commute, sense of safety, and future property value. So how do you find the perfect fit, especially when affordability is a factor?

Home Selling Home Selling

Here's how to narrow it down and make a smart move.

1. Start with Your Lifestyle Priorities

Ask yourself:

  • Do I want a quiet suburb or urban energy?

  • Is walkability important?

  • How long of a commute is acceptable?

  • Do I want parks, trails, or dog-friendly areas?

  • What matters most: restaurants, schools, transit, or views?

Listing your non-negotiables will guide your search.

2. Know Your Budget (and Be Honest About It)

Work with a lender to get pre-approved and understand your true price range. Remember to include:

  • Property taxes

  • HOA fees (if applicable)

  • Insurance premiums (especially in flood or high-risk areas)

  • Commuting or transit costs

Use this number to rule out areas before falling in love with homes that aren't feasible.

3. Define Your "Goldilocks Zone"

Find the overlap between affordability, commute, and lifestyle. Use online maps and radius search tools to draw zones where you can realistically live, and live well.

4. Research Like a Local

Use tools like:

  • Google Street View and satellite maps

  • Walk Score and crime maps

  • Local Facebook groups and Reddit threads

  • Municipal websites for zoning, development, and community programs

Drive through neighborhoods at different times of day to get a feel for noise, traffic, and activity levels.

5. Consider Future Growth

Look for signs of an up-and-coming area:

  • New businesses or transit lines

  • City investment in infrastructure

  • Young families or creatives moving in

These areas can offer long-term upside, but may require patience or tolerance for change.

6. Think About Resale

Even if it's your "forever home," plans change. Choose a neighborhood that will appeal to future buyers too. Areas near good schools, transit, and employment centers tend to hold value.

7. Work With a Local Agent

A good real estate agent can suggest hidden gem neighborhoods, point out value opportunities, and guide you toward areas that match your personality and goals.

8. Watch for Red Flags
  • High vacancy or foreclosure rates

  • Excessive graffiti or neglected properties

  • Loud noise zones (highways, airports, train tracks)

  • Lack of local services or grocery access

9. Balance Head and Heart

Sometimes the perfect area is just out of reach financially. Consider:

  • Compromising on home size, not location

  • Buying a fixer in a better area

  • Expanding your search radius slightly

The right neighborhood makes daily life better and is worth some creative thinking.

A great house in the wrong neighborhood won't feel like home. By aligning your lifestyle, commute, and budget with the right area, you'll set yourself up for long-term happiness and financial confidence. Don't just chase square footage, choose a location that truly fits.



The Ultimate Homebuyers Checklist


Summary

Buying a home involves many moving parts, and missing even one can cost time, money, or the deal itself. This report delivers a comprehensive, easy-to-follow checklist covering everything from financial prep and viewings to closing day. Whether you're buying your first property or your fifth, you'll appreciate the structure and clarity this guide provides. Stay organized and informed through every step of the journey.


Buying a home is one of the most exciting and life-changing experiences you'll ever have, but the process can be complex. That's where a detailed homebuyer's checklist comes in. A checklist isn't just a convenience; it's a roadmap that keeps you organized, focused, and informed at every step of the journey. This guide outlines the full homebuying process with actionable steps and expert tips to help you navigate with confidence.

Home Selling Home Selling Step 1: Financial Preparation

Before even browsing online listings, take a hard look at your financial picture. Check your credit score, calculate your debt-to-income ratio, and determine how much you can afford to borrow. Speak to a lender to get pre-approved, which will both set your budget and increase your credibility when submitting offers. Be sure to account for all upfront costs including your down payment, closing costs (typically 2–5% of the home's price), moving expenses, and an emergency fund.

Step 2: Define Your Needs vs. Wants

Make a list of your must-haves and nice-to-haves. Must-haves might include the number of bedrooms, a specific school district, or a minimum square footage. Nice-to-haves could be a finished basement, large backyard, or walk-in closets. Prioritizing your list helps you stay focused when touring properties and makes trade-offs easier when inventory is limited.

Step 3: Research Neighborhoods

Spend time understanding local neighborhoods that align with your lifestyle and budget. Visit at different times of day, check crime rates, research school ratings, evaluate commute times, and look for future development plans that might affect the area. Understanding the neighborhood's trajectory helps you make an informed investment, not just a lifestyle choice.

Step 4: Choose the Right Real Estate Agent

A good real estate agent is more than a door opener; they're your advocate, negotiator, and guide through the paperwork. Interview multiple agents and look for someone who specializes in your target market, has good reviews, and communicates well. Don't hesitate to ask for recent sales data or client references.

Step 5: Begin Your Home Search

Once your finances and team are in place, start looking at listings. Your agent can create a customized search to match your criteria, but use online tools too for added context. Tour homes with a critical eye, look beyond staging and paint. Take notes, ask about roof age, HVAC systems, plumbing, and neighborhood features. Don't be afraid to revisit a property more than once.

Step 6: Evaluate Properties and Compare

After seeing several homes, compare them based on your checklist. Use a scoring system for each must-have and nice-to-have, and review photos or notes from your visits. Be objective, don't let emotional attachment cloud your judgment. Narrow down your top choices and revisit anything that still excites you.

Step 7: Make an Offer

When you're ready, work with your agent to craft a competitive but fair offer based on comparable sales. Decide in advance what contingencies (inspection, financing, appraisal) you'll include and what your walk-away price is. The stronger your offer package, including pre-approval and a personal letter, the more likely the seller will respond favorably.

Step 8: Complete the Home Inspection

Once your offer is accepted, schedule a professional home inspection. Use a licensed, well-reviewed inspector and plan to attend the inspection if possible. Ask questions and take note of any recommended repairs or red flags. This is your chance to renegotiate or walk away if major issues arise.

Step 9: Finalize the Mortgage and Appraisal

Your lender will order an appraisal to confirm the home's value supports your loan. During this time, avoid opening new credit lines, changing jobs, or making large purchases, anything that could affect your loan approval. Stay responsive to your lender and provide requested documents quickly.

Step 10: Review Closing Documents

Before closing, you'll receive a Closing Disclosure outlining your loan terms, monthly payments, and closing costs. Review it carefully and ask questions. You'll also do a final walk-through to ensure the home's condition hasn't changed and that any agreed-upon repairs were completed.

Step 11: Closing Day

On closing day, bring your government ID, any remaining down payment funds (typically wired), and review all documents carefully. Once signed, you'll receive the keys to your new home! Celebrate, but also keep all documents in a safe place for future reference.

Bonus: After You Move In

The checklist doesn't stop after closing. Notify utility companies, update your address with important institutions, and rekey the locks. Meet your neighbors, review your maintenance schedule, and set aside savings for home improvements. A well-planned post-move checklist helps you settle in smoothly and start enjoying your investment.

The homebuying process is filled with steps, deadlines, and details, but having a master checklist turns chaos into clarity. Whether you're just getting started or already visiting homes, this step-by-step guide keeps you grounded, informed, and in control. With careful planning, the right team, and this comprehensive checklist, you'll move confidently from dream to reality.



How To Choose The Agent Who Will Actually Sell Your Home


Summary

Not all real estate agents are created equal. Choosing the right one can mean the difference between a fast, profitable sale-and a stressful, drawn-out experience. This guide helps sellers evaluate potential agents based on results, strategy, communication, and trust. Learn what to look for, what to avoid, and how to make an informed decision that puts your home in the best hands possible.


Selling a home is one of the most important financial decisions you'll ever make. And yet, many sellers choose an agent without doing any homework. They go with a friend of a friend, or someone who "seems nice." But your agent's expertise, marketing skills, and commitment can directly affect your bottom line-and your peace of mind. Here's how to choose wisely.

Home Selling Home Selling

Why the Right Agent Matters

  • A great agent knows how to price your home right from the start.

  • They understand your local market-down to the neighborhood level.

  • They know how to stage and market your home for maximum impact.

  • They respond quickly to buyer inquiries and navigate negotiations smoothly.

  • They manage the process from listing to close-minimizing your stress.

What Sellers Are Typically Required to Disclose

  1. Proven Track Record
    Ask how many homes they've sold in the past 12 months-and what the average days on market and list-to-sale price ratio was. Look for someone with consistent performance, not just a license.

  2. Local Market Expertise
    An agent who knows your area can better position your home, answer buyer questions, and price your property accurately. Ask what other listings they've handled nearby.

  3. Strong Marketing Plan
    Your agent should provide a clear, customized marketing strategy. This may include professional photography, staging, online and offline advertising, social media promotion, and open houses.

  4. Communication Style
    You want someone who's proactive, responsive, and available. Ask how often they'll check in, what updates you'll receive, and how quickly they return calls and messages.

  5. Support Team or Solo Agent
    Agents with a team may offer additional support, while solo agents may provide more personal attention. Ask who will handle showings, paperwork, and buyer interactions.

  6. Network and Negotiation Skills
    Your agent should have relationships with local agents, lenders, and inspectors. More importantly, they must be skilled negotiators who can get you the best price while protecting your interests.

  7. Tech-Savvy and Data-Driven
    In today's market, your agent should be comfortable with digital marketing, social media, virtual tours, and data analytics. Ask what platforms and tools they use to market homes effectively.

Red Flags to Avoid

  • Agents who overpromise on price without comps to support it

  • Poor online presence or lack of professional photos in past listings

  • No clear marketing plan or listing timeline

  • Limited availability or poor communication

  • High pressure to sign right away

How to Interview an Agent

Don't be afraid to "interview" at least 2–3 agents. Ask:

  • What's your strategy to get my home sold quickly and for top dollar?

  • How many listings are you managing right now?

  • What happens if my home doesn't sell in 30/60/90 days?

  • Can I speak to some of your past clients?

Also, request a sample marketing plan and a listing presentation. You'll learn a lot from how they respond and how prepared they are.

Choosing the right agent isn't about personality-it's about performance. You need someone who treats your sale like a business transaction and brings the expertise to back it up. Do your research, ask tough questions, and choose someone who will go to bat for your success. The right agent will be your greatest ally in a competitive market.



Your House Didn’t Sell. Here’s What To Do Now.

Your House Didn’t Sell. Here’s What To Do Now.

When your house doesn’t sell, it doesn’t just feel frustrating – it feels personal. You put time, money, and emotional energy into this move. You told your friends and family it was happening. And now that your listing has expired without a buyer? You’re left feeling stuck, and maybe even a little embarrassed.

And here's what most agents won’t tell you. Over 70% of homeowners who re-list with a different agent sell their house.

Re-list with the same agent? That stat drops to only 50%, according to the latest data from REDX. That’s like leaving the fate of your sale to a coin toss. And that’s not good enough.

REDX data also shows that only 1 in 3 homeowners with expired listings actually make that change. That means most sellers either give up or repeat the same mistakes, so they get the same disappointing outcome. You deserve better.

Same house. Different strategy. Completely different results. 

Let's break down what might’ve gone wrong – and how a fresh perspective can help you have a winning strategy this time.

1. It Was Priced Too High

Today, homebuyers are feeling the squeeze of higher mortgage rates, so even a slightly overpriced home will get overlooked. And once your listing starts to go stale, it’s hard to regain momentum.

Missing the mark on pricing is a costly mistake – and too many homeowners are doing that very thing right now.

What we need to do now: We need to analyze the latest sales in your area to make sure you’re hitting the right number. This includes taking a hard look at real-time buyer behavior, and any feedback you got from open houses or showings your first time around. Pricing at, or even just below, current market value is a winning play because it drives more buyers to your listing – and that amps up the competition for your home.

2. It Didn’t Show Well

You only get one shot at a first impression. If the listing photos didn’t pop, the house wasn’t staged well, or it wasn't updated, most buyers will skip over it without ever scheduling a showing. And even if buyers did show up, small things like scuffed walls, outdated light fixtures, or a wobbly doorknob can turn them away.

What we need to do now: Let’s walk through your house with fresh eyes to see if there are any areas that may have been sticking points inside and out. Sometimes taking down old drapery, some light staging, or even a fresh coat of paint can completely change how a buyer feels about the home.

3. It Didn’t Get the Right Exposure

If your home didn’t sell, chances are it wasn’t getting the visibility it deserved. Generic flyers and a few online photos aren’t enough anymore. Today’s top agents are using highly targeted digital marketing, social media strategies, custom video content, and more to get your listing in front of the right buyers at the right time.

What we need to do now: We have to do more than just put your house online and hope it sells. Together, we can come up with a real plan to maximize its exposure. With the right pricing, staging, and marketing, your house will sell quickly. Here’s a real-world example (see graph below):

4. You Weren’t Willing To Negotiate

In this market, sellers who aren’t open to negotiating on things like closing costs, inspection repairs, or other concessions are often left behind. And if your last agent didn’t set that expectation with you, that's a real shame.

What we need to do now: Be willing to meet buyers where they are. The goal is to get the deal done – and sometimes that means getting creative to help buyers cross the finish line. Home values have increased by over 55% over the last five years, so you likely have enough wiggle room to offer some perks without sacrificing your bottom line.

Bottom Line

If your house didn’t sell and your listing has expired, you don’t need to give up. You just need a better plan. And a better partner.

 Over 70% of homeowners who switch agents sell their house after re-listing it. That’s not a coincidence. That’s strategy.

 If you're ready for a proven approach, let’s talk so you know what to do differently – and why doing different things actually works. It’s time to get your move back on track.

 

Newly Built Homes May Be Less Expensive Than You Think

Newly Built Homes May Be Less Expensive Than You Think

 

Do you think a brand-new home means a bigger price tag? Think again.

Right now, something unique is happening in the housing market. According to the Census and the National Association of Realtors (NAR), the median price of newly built homes is actually lower than the median price for existing homes (ones that have already been lived in):

a graph of sales and pricesYou read that right. That brand new, never-been-lived-in house may cost less than the one built 20 years ago in a neighborhood just down the street. So, if you wrote off a new build because you assumed they’d be financially out of reach, here’s what you should know. You could be missing out on some of the best options in today’s housing market.

Why Are Newly Built Homes Less Expensive Right Now?

1. Builders Are Building Smaller Homes

Builders know that buyers are struggling with affordability today. So, instead of building big houses that may not sell, they’re building smaller ones that will. According to the Census, the average size of a newly built single-family home has dropped considerably over the past few years (see graph below):

a graph of a growing graphAnd as size goes down, the price often does too. Smaller homes use fewer materials, which makes them less expensive to build. That helps builders keep prices lower so more people can afford them.

2. Builders Are Offering Price Cuts and Incentives

In May, according to the National Association of Home Builders (NAHB), 34% of builders lowered their prices, with an average price drop of 5%. That’s because they want to be sure they’re selling the inventory they have before they build more.

On top of that, 61% of builders also offered sales incentives – like helping with closing costs or buying down your mortgage rate. These are all ways builders are making their homes more affordable, so these homes sell in today’s market.

Your Next Step? Ask Your Agent What's Available Near You

If you're trying to buy a home right now, be sure to talk to your agent to find out what builders are doing in and around your area. They can find new home communities, as well as builders who are offering incentives or discounts, and hidden gems you might not uncover on your own.

Plus, buying a newly built home often means there are different steps in the process than if you purchase a home that’s been lived in before. That’s why it’s so important to have your own agent who can explain the fine print. You want a pro in your corner to advocate for you, negotiate on your behalf, and make sure your best interests come first.

Bottom Line

You could get a home that’s brand new, with modern features, at a price that’s even lower than some older homes. Let’s talk about what you’re looking for and see if a newly built home is the right fit for you.

If buying a home is on your to-do list, what would stop you from exploring newly built options?

 

Many Veterans Don’t Know about This VA Home Loan Benefit

Many Veterans Don’t Know about This VA Home Loan Benefit

For 80 years, Veterans Affairs (VA) home loans have helped countless Veterans buy a home. But even though a lot of Veterans have access to this powerful program, the majority don't know about one of its core benefits.

According to a report from Veterans United only 3 in 10 Veterans are aware they may be able to buy a home with no down payment with a VA loan (see visual below):

a group of men in circlesThat means 7 out of every 10 Veterans could be missing out on a key homebuying advantage.

That’s why it’s so important for Veterans, and anyone who cares about a Veteran, to be aware of this program. As Veterans United explains, VA home loans:

“. . . come with a list of big-time benefits, including $0 down payment, no mortgage insurance, flexible and forgiving credit guidelines and the industry's lowest average fixed interest rates.”

The Benefits of VA Home Loans

These loans are designed to make buying a home more achievable for those who have served. And, by extension, they also give their families the opportunity to plant roots and build equity in a home of their own. Here are some of the biggest advantages for this type of loan according to the Department of Veterans Affairs:

  • Options for No Down Payment: One of the biggest perks is that many Veterans can buy a home with no down payment at all.
  • Limited Closing Costs: With VA loans, there are limits on the types of closing costs Veterans have to pay. This helps keep more money in your pocket when you’re finalizing your purchase.
  • No Private Mortgage Insurance (PMI): Unlike many other loan types, VA loans don’t require PMI, even with lower down payments. This means lower monthly payments, which can add up to big savings over time.

If you want to learn more, your best resource for all the options and advantages of VA loans is your team of expert real estate professionals, including a local agent and a trusted lender.

Bottom Line

VA home loans offer life-changing assistance, and a trusted lender and agent can help make sure you understand the details and are ready to move forward with a solid plan.

Do you know if you’re eligible for a VA home loan? Talk to a trusted lender who can help you see if you’d qualify.

 

More Homes for Sale Isn’t a Warning Sign – It's Your Buying Opportunity

More Homes for Sale Isn’t a Warning Sign – It's Your Buying Opportunity

Maybe you’ve heard the number of homes for sale has reached a recent high. And it might make you question if this is the start of another housing market crash.

But the reality is, the data proves that’s just not the case. In most areas, more inventory isn’t bad news. It’s actually a sign of the market returning to a more stable, healthy place.

What’s Going on With Inventory?

Based on the latest data from Realtor.com, inventory just hit its highest point since 2020, shown with the white line in the graph below.

But what you need to realize is, at the same time, inventory levels still haven’t returned to pre-pandemic norms (shown in gray):

a graph of different colored linesThat means there are more homes for sale now than there have been in quite some time.

And while it’s true inventory is up significantly compared to where it was over the last few years, the number of homes on the market is still well below typical levels. And that’s important context.

Why This Isn’t the Problem A Lot of People Think It Is

Some people hear inventory’s rising and immediately think about 2008. Because back then, inventory spiked just before the market crashed. But today’s situation is very different.

Here’s the key reason why. We don’t have a surplus of homes; we have a deficit to climb out of. What we’re dealing with is a long-term housing shortage – and it’s a big one.

The red bars in the graph below show all the years where housing starts (new builds) didn’t keep up with household formation, going all the way back to 2012. The deeper the bars in the graph, the more the housing deficit grew (see graph below):

a graph of a graph showing the value of a housing deficitAnd one of the reasons this housing shortage kept growing is because new home construction just didn’t keep up with the number of people who need to buy homes. In fact, the U.S. is actually short millions of homes at this point, and it will take years to overcome that gap. Realtor.com says:

“At a 2024 rate of construction relative to household formations and pent-up demand, it would take 7.5 years to close the housing gap.

That means, in most areas, there isn’t a risk of having too many houses on the market right now. It’s quite the opposite – a vast majority of markets actually need more homes.

Which is why, even though inventory is rising, it’s not a problem on a national scale. It’s just helping to fill a gap that’s been growing for years.

Bottom Line

Don’t let the headlines scare you. Rising inventory isn’t a sign of a crash. It’s a step toward a more normal, stable housing market.

 

Why Buyers Are More Likely To Get Concessions Right Now

Why Buyers Are More Likely To Get Concessions Right Now

 

Especially in areas where inventory is rising, both homebuilders and sellers are sweetening the deal for buyers with things like paid closing costs, mortgage rate buy-downs, and more. In the industry, it’s called a concession or an incentive.

What Are Concessions and Incentives?

When a seller or builder gives you something extra to help with your purchase, that’s called either a concession or an incentive

  • A concession is something a seller gives up or agrees to in order to reach a compromise and close a deal. 
  • An incentive, on the other hand, is a benefit a builder or seller advertises and offers up front to attract and encourage buyers.

Today, some of the most common ones are:

  • Help with closing costs
  • Mortgage rate buy-downs (to temporarily lower your rate)
  • Discounts or price reductions
  • Upgrades or appliances
  • Home warranties
  • Minor repairs

For buyers, getting any of these things thrown in can be a big deal – especially if you’re working with a tight budget. As the National Association of Realtors (NAR) says: 

“. . . they can help reduce the upfront costs associated with purchasing a home.”

Builders Are Making It Easier To Buy

It’s not just one builder willing to toss in a few extras. A lot of builders are using this tactic lately. As Zonda says:

“Incentives continued to be popular in March, offered by builders on 56% of to-be-built homes and 74% of quick move-in (QMI) homes, which can likely be occupied within 90 days.”

That’s because they don’t want to sit on inventory for too long. They want it to sell. And according to the National Association of Home Builders (NAHB), one of the strategies many builders are using to keep that inventory moving (and not just sitting) is a price adjustment (see graph below): 

a graph of green rectangular barsAround 30% of builders lowered prices in each of the first four months of the year. While that also means most builders aren’t lowering prices, it also shows some are willing to negotiate with buyers to get a deal done.

This isn’t a sign of trouble in the market, it’s an opportunity for you. The fact that the majority of builders offer incentives and roughly 3 in 10 are lowering prices means if you're looking at a newly built home, your builder will probably try to make it easier for you to close the deal. 

Existing Home Sellers Are Offering More, Too

More existing homes (one that someone has lived in before) have been hitting the market, too – which means sellers are facing more competition. That’s why over 44% of sellers of existing homes gave concessions to buyers in March (see graph below):

a graph showing the price of a stock marketAnd, if you look back at pre-pandemic years on this graph, you’ll see 44% is pretty much returning to normal. After years of sellers having all the power, the market is balancing again, which can work in your favor as a buyer.

But remember, concessions don’t always mean a big discount. While more sellers are compromising on price, that’s not always the lever they pull. Sometimes it’s as simple as the seller paying for repairs, leaving appliances behind for you, or helping with your closing costs.

And considering that home values have risen by more than 57% over the course of the past 5 years, small concessions are a great way for sellers to make a house more attractive to buyers while still making a profit.

Bottom Line

Whether you’re looking at a newly built home or something a little older, there’s a good chance you can benefit from concessions or incentives.

If a seller or builder offered you something extra, what would make the biggest difference to help you move forward?

Let’s talk about it and see if it’s realistic based on inventory and competition in our local market.

 

Homes Are Still Selling Faster Than Pre-Pandemic

As you think ahead to your own move, you may have noticed some houses sell within days, while others linger. But why is that? As Redfin says:

“. . . today’s housing market has been topsy-turvy since the pandemic. Low inventory (though rising) and high prices have created a strange mix: Some homes are flying off the market, while others sit for weeks.”

That may leave you wondering what you should expect when you sell. Let’s break it down and give you some actionable tips on how to make sure your house is one that sells quickly.

Homes Are Still Selling Faster Than Pre-Pandemic

The first thing you should know is that, in most markets, things have slowed down a little bit. While you may remember how quickly homes sold a few years ago, that’s not what you should expect today.

Now that inventory has grown, according to Realtor.com, homes are taking a bit longer to sell in today’s market (see graph below):

a graph of a bar chartBut before you get hung up on the ten-day difference compared to the past few years, Realtor.com will help put this into perspective:

“In April, the typical home spent 50 days on the market . . . This marks the 13th straight month of homes taking longer to sell on a year-over-year basis. Still, homes are moving more quickly than they did before the pandemic . . .

By this comparison, if your house does take a little more time to sell this year, it’s not really a concern. It’s actually still faster than the norm. Plus, it gives you a bit more time to find your next home, which is welcome relief when you’re trying to move, too.

Just remember, some homes sell in less time than this. Some take even longer. So, what’s the real difference? Why do some homes attract eager buyers almost instantly, while others sit and struggle?

It comes down to having the right agent and strategy. Here are a few tips you need to know. 

1. Price It Right

One of the biggest reasons homes sit on the market is overpricing. Many sellers want to shoot for a higher price, thinking they can lower it later – but that backfires by turning buyers away.

What to do: Work with an agent to make sure your house is priced right. They’ll analyze recent comparable sales (what other homes have sold for recently in your area), so you know you're pricing appropriately for today’s market and what buyers are willing to pay. As Chen Zhao, Economic Research Lead at Redfin, explains:

“My advice to sellers is to price your home fairly for the shifting market; you may need to price lower than your initial instinct to sell quickly and avoid giving concessions."

2. Focus on the First Impression

A messy yard or a house that needs paint? It’ll turn buyers off. Since buyers decide within seconds whether they like a home, a good first impression is key.

What to do: Outside, clean up your front yard, tidy up your landscaping, power wash walkways, and add fresh mulch. Inside, declutter and depersonalize. And consider minor touch-ups like repainting in a neutral tone. Your agent will offer advice on what to tackle.

3. Strong Marketing & High-Quality Listing Photos

If your listing or your photos don’t look professional, you could have trouble drawing in buyers who think you’re trying to cut corners.

What to do: Instead, lean on your agent’s skills, expertise, and resources. They’ll help you make sure you have:

  • High-resolution listing photos showing the home in its best light.
  • Detailed descriptions that highlight differentiating features of your house.
  • Your listing on multiple platforms, including major real estate sites and social media.

4. The Location of the Home

You may have heard the phrase “location, location, location” when it comes to real estate. And there’s definitely some truth to that. Homes in highly sought-after neighborhoods tend to sell faster.

What to do: While you can’t change where your house is located, your agent can highlight the best features of your neighborhood or community in your listing. By showcasing what’s great about your area, they can help draw buyers into what life would look like in your house.

Bottom Line

Homes that sell quickly don’t necessarily have better features – they have better agents and a better strategy.

 

A Tale of Two Housing Markets

A Tale of Two Housing Markets



 

For a long time, the housing market was all sunshine for sellers. Homes were flying off the shelves, and buyers had to compete like crazy. But lately, things are starting to shift. Some areas are still super competitive for buyers, while others are seeing more homes sit on the market, giving buyers a bit more breathing room.

In other words, it’s a tale of two markets, and knowing which one you’re in makes a huge difference when you move.

What Is a Buyer’s Market vs. a Seller’s Market?

In a buyer’s market, there are a lot of homes for sale, and not as many people buying. With fewer buyers competing for these homes, that means they generally sit on the market longer, they might not sell for as much as they would in a seller’s market, and buyers have more room to negotiate.

On the flip side, in a seller’s market, there aren’t enough homes for sale for the number of buyers who are trying to purchase them. Homes sell faster, sellers often get multiple offers, and prices shoot higher because buyers are willing to pay more to win the home.

The Market Is Starting To Balance Out

For years, almost every market in the country was a strong seller’s market. That made it tough for buyers – especially first-timers. But now, things are shifting. According to Zillow, the national housing market is balancing out (see graph below):

a graph of a marketThe index used in this graph measures whether the national housing market is more of a seller’s market, buyer’s market, or neutral market – basically, whether it favors buyers, sellers, or if it’s not really swinging either way. Each month, the market is measured between 0 and 100. The closer to 100, the bigger the advantage sellers have.

The orange bars in the middle of the graph show the years when sellers had their strongest advantage, from 2020 to early 2022. But, as time has gone on, the market has become more balanced. It shifted from a strong seller’s market to a less intense one. And lately, it's been neutral more than anything else (that’s the gray bars on the right side of the graph). That means buyers are gaining some negotiating power again.

In a more balanced or neutral market, homes tend to stay on the market a little longer, bidding wars are less common, and sellers may need to make more concessions – like price reductions or helping with closing costs. That shift gives today’s buyers more opportunities and less competition than a couple of years ago.

Why Are Things Changing?

Inventory plays a big role. When there are more homes for sale, buyers have more options – and that cools down home price growth. As data from Realtor.com shows, the supply of available homes for sale isn’t growing at the same rate everywhere (see graph below):

a graph of a number of barsThis graph shows how inventory has changed compared to last year (blue bars) and compared to 2017–2019 (red bars) in different regions of the country.

The South and West regions of the U.S. have seen big jumps in housing inventory in the past year (that’s the blue on the right). Both are almost back to pre-pandemic levels. That’s why more buyer’s markets are popping up there.

But in the Northeast and Midwest, inventory is still very low compared to pre-pandemic (that’s why those red bars are so big). That means those areas are more likely to stay seller’s markets for now.

What This Means for You

Every local market is different. Even if the national headlines say one thing, your town (or even your neighborhood) could be telling a totally different story.

Knowing which type of market you’re in helps you make smarter decisions for your move. That’s why working with a local real estate agent is so important right now.

As Zillow says:

“Agents are experts on their local markets and can craft buying or selling strategies tailored to local market conditions.”

Agents understand the unique trends in your area and can help you make the best choices, whether you’re buying or selling. With their expert strategies, you can move no matter which way the market is leaning, because they know how to navigate various levels of buyer competition, how to find hidden gems locally, how to price a house right, how to negotiate based on who has more leverage, and more.

Bottom Line

If you're ready to make a move, or even just thinking about it, let’s connect. That way, you’ll have someone to help you understand our local market and create a game plan that works for you.

What’s one thing you’re curious about when it comes to the market in our area?

 

What’s Your House Worth Now? The Answer May Surprise You

What’s Your House Worth Now? The Answer May Surprise You



 

Let’s talk about something you might not check nearly as often as your bank account – and that’s how much your home is worth. But when it comes to your financial situation, it’s an important thing to remember. When’s the last time you had a professional show you the value of your home?

Think about it. For most people, your house is probably the biggest asset you have. And if you’ve owned your home for a few years (or longer), chances are it’s been quietly building wealth for you in the background. And honestly? You might be surprised by just how much. 

What Is Home Equity?

This wealth you may not even realize you have comes in the form of home equity. Home equity is the difference between what your house is worth and what you still owe on your mortgage. It grows over time as home values rise and as you pay down your mortgage each month. Here’s an example to help you really understand how this works.

Let’s say your house is now worth $500,000, and you have $200,000 left to pay off on your loan. That means you have $300,000 in equity. And most homeowners are sitting on some pretty significant equity right now.

According to Cotality (formerly CoreLogic), the average homeowner with a mortgage has about $311,000 in equity.

Why You Probably Have More Than You Think

Here are the two main reasons homeowners like you have record amounts of equity right now:

1. Significant Home Price Growth. According to the Federal Housing Finance Agency (FHFA), home prices have jumped by more than 57% nationwide over the last five years (see map below):

a map of the united statesAnd if you purchased your home a few years ago (or more), this means your house is likely worth much more now than when you first bought it, thanks to how much prices have climbed lately.

2. People Are Living in Their Homes Longer. Data from the National Association of Realtors (NAR), shows the average homeowner stays in their home for about 10 years now (see graph below):

a graph of blue bars with orange textThat’s longer than it used to be. And over that decade? You’ve built equity just by making your mortgage payments and riding the wave of rising home values.

So, if you’re one of those people who’s been in their home for that long, here’s how much the behind-the-scenes price growth has helped you out. According to NAR:

“Over the past decade, the typical homeowner has accumulated $201,600 in wealth solely from price appreciation.”?

What Could You Actually Do with That Equity?

Remember, your house might be your biggest financial asset – and, if you’re smart about how you leverage your equity, it could open up some exciting opportunities for your future.

  • Use it to help buy your next home. Your equity could help you cover the down payment on your next home. In some cases, it might even mean you can buy your next house in all cash.
  • Renovate your current house to better suit your life now. And, if you’re strategic about your projects, they could add even more value to your home if you do sell later on.
  • Start the business you’ve always dreamed of. Your equity could be exactly what you need for startup costs, equipment, or marketing. And that could help increase your earning potential, so you’re getting yet another financial boost.

Bottom Line

Chances are, your house is worth a lot more than you realize. Whether you’re thinking about selling, upgrading, or simply want to understand your options, your equity isn’t just a number. It’s a tool.

If you sold your house and had significant equity to work with, what would you do with it? Let’s figure out how to turn your home’s value into your next big move.

 

The Spring Guides for Buying or Selling a Home Are Here

The Spring Guides for Buying or Selling a Home Are Here

The Spring Guides for buying or selling a home are here. Let’s connect so you can get the latest digital copies of these guides.

https://www.simplifyingthemarket.com/en/videos/?a=426231-46d79c66267a33ac395b36ae0613f4f7