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Preparation is Key in Today's Market
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When it comes to advice you can trust, who better to hear from than long-time community residents? Covering Johnson City, Jonesborough, and all of Washington County.
When it comes to advice you can trust, who better to hear from than long-time community residents? Covering Kingsport, Bristol, and Sullivan County.
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Down payments are smaller than they’ve been in years, and that opens the door for more buyers.
And with added help from assistance programs and a little help from loved ones, you may have more ways forward than you realized. Connect with a trusted lender to talk through your options.
#FirstTimeBuyer #DownPayment
A lot of buyers and sellers are holding back right now because they're worried we're headed for another 2008. But look at the numbers.
In 2008, homeowner equity and mortgage debt were nearly identical. That means, if someone hit a rough patch, they had almost nothing to fall back on. That's part of what made that crash so bad.
Today? Home equity is at $34.9 trillion. Debt is at $14.4 trillion. So, homeowners aren't stuck. They have equity built up in their homes – which means if they needed to sell, many could and they’d still come out ahead. They have a cushion.
This isn’t a crash. Today’s market still has a solid foundation.
And if worries about a crash have been keeping you on the sidelines, it might be worth having a conversation about what a move could look like for you right now.
#HousingMarket #HomeEquity
Home prices are up in some markets and flat or negative in others. So, what's going on?
It really comes down to one thing: inventory.
Where there are more homes for sale than there were before the pandemic, prices have stabilized or dipped. Where inventory is still well below normal, prices are still climbing.
And that’s why the headlines are so confusing right now. It varies a lot by area.
The national average is 1.7%, but your city’s number may tell a different story depending on where you live. That's exactly why working with someone who knows your local market makes all the difference right now.
Are you trying to buy or sell in the next 6 months? Drop a comment below and I'll tell you what the data says about our market right now.
#HomePrices #HousingInventory
This market isn't broken, and waiting for a crash that isn't coming has a cost. Every month spent on the sidelines is a month someone else is building equity, locking in a price, or getting ahead of what most experts expect to be a housing surge once broader economic conditions settle.
Whether you're thinking about buying or selling, a local real estate agent can help you figure out what this market means for your specific situation and what your next move could look like.
#HousingMarket #RealEstateMarket
The home that’s been sitting on the market for a few weeks? Maybe even a month? Don’t scroll past it just yet.
Your first instinct might be to assume there’s something wrong, but you could be missing out. Especially if finding a house in your budget has been your #1 challenge.
Homes that have been on the market longest are the ones you should be looking at first.
Because the longer a house sits, the more open the seller usually is to dropping the price or negotiating.
So, before you write off a listing that’s been around for a while, let’s connect. I can help you decide which homes are worth a second glance.
#Homebuying #HomebuyingTips
Your house didn't sell and your listing expired. And the hardest part is you still don’t have a clear answer on why no one bought it.
You just know it didn’t happen, and now you’re supposed to decide whether to try again… or what to change.
Here’s what I’d do before you re-list: get a second opinion.
Because data shows homeowners who switch agents after their listing expires are more likely to see their house sell.
A different agent brings a fresh perspective and can run a quick reset.
The price. The marketing. The presentation. Chances are something in there needs to change.
You’re not stuck – you just need a better plan. And a partner who knows how to execute it.
If you want a second opinion, DM me the word “EXPIRED.”
I’ll take a quick look at what happened and tell you the first one or two changes I’d make to get traction.
#ExpiredListing #SellYourHouse
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