The Top 5 Reasons You Should Not For Sale By Owner

The Top 5 Reasons You Should Not For Sale By Owner | Simplifying The MarketIn today’s market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers.

Here are five of those reasons:

Home Sales Up Year-Over-Year

Some Highlights

  • This is the 48th consecutive month with year-over-year price gains.
  • Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.”
  • Inventory is still below historic normals at a 4.4 month supply.

Further Proof This Isn’t a Housing Bubble

Further Proof This Isn’t a Housing Bubble | Simplifying The MarketTwo weeks ago, we posted a blog which explained that current increases in home prices were the result of the well-known concept of supply & demand and should not lead to conversations of a new housing bubble. Today, we want to look at home prices as compared to current incomes.

91.5% of Homes in the US Have Positive Equity

91.5% of Homes in the US have Positive Equity | Simplifying The MarketCoreLogic’s latest Equity Report revealed that one million borrowers regained equity in their homes in 2015. The outlook for 2016 remains positive as well, as an additional 850,000 properties would regain equity if home prices rose another 5% this year. 

The Importance of Using an Agent To Sell Your House

The Importance of Using an Agent To Sell Your House | Simplifying The MarketWhen a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold.

The Mortgage Process: What You Need To Know [INFOGRAPHIC]

Some Highlights:

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

Lack of Inventory Challenging Many Housing Markets

Lack of Inventory Challenging Many Housing Markets | Simplifying The MarketGoing into the 2016 spring market, the biggest challenge the real estate industry has is the lack of available housing inventory for sale. Here are a few experts and their thoughts on the subject:

The Main Reason to Use a Real Estate Professional when Selling Your House

The Main Reason to Use a Real Estate Professional when Selling your House | Simplifying The MarketEvery homeowner hopes to accomplish five goals when selling their home:

Gap Between Homeowner’s & Appraiser’s Opinions Widen

Gap Between Homeowner’s & Appraiser’s Opinions Widen | Simplifying The MarketIn today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.

What If I Wait Until Next Year To Buy A Home?

What If I Wait Until Next Year To Buy A Home? | Simplifying The MarketAs a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Yes, Home Prices Are Rising. No, a New Housing Bubble is NOT Forming

Yes, Home Prices Are Rising. No, a New Housing Bubble is NOT Forming | Simplifying The MarketWe recently reported that home prices are continuing to rise across most of the nation. This has created concern in some pundits that a housing bubble, like we saw ten years ago, is forming again. We want to explain why these concerns are unfounded.

How to Get the Most Money When Selling Your Home

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. […]

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