Category: Real Estate Tips

Where’s the real estate market in Palm Harbor heading?⁣⁣
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In addition to national market trends, I’m advising my clients to focus on local conditions for an even clearer picture.⁣⁣
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Here’s what I’m closely monitoring and sharing with them this month locally:⁣⁣
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𝐌𝐞𝐝𝐢𝐚𝐧 𝐋𝐢𝐬𝐭 𝐏𝐫𝐢𝐜𝐞⁣⁣
$449,700, with trends up 5.8% year-over-year.⁣⁣
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𝐀𝐯𝐞𝐫𝐚𝐠𝐞 𝐏𝐫𝐢𝐜𝐞 𝐏𝐞𝐫 𝐒𝐪𝐮𝐚𝐫𝐞 𝐅𝐨𝐨𝐭⁣⁣
$284/Sqft⁣⁣
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𝐒𝐚𝐥𝐞-𝐭𝐨-𝐋𝐢𝐬𝐭 𝐏𝐫𝐢𝐜𝐞 𝐑𝐚𝐭𝐢𝐨⁣⁣
97.5% of homes in Palm Harbor sold for 2.5% above asking price on average.⁣⁣
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𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐑𝐚𝐭𝐞𝐬⁣⁣
30-year fixed rate – 7.17%⁣⁣
15-year fixed rate – 6.21%⁣⁣
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𝐀𝐯𝐞𝐫𝐚𝐠𝐞 𝐃𝐚𝐲𝐬 𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭⁣⁣
51 Days⁣⁣
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Have questions about the local market? Schedule your strategy call today.

If you’re looking to buy a home, it’s important not to feel like you’ve missed out on seeing other homes for sale.

Here are six tips to help you stay on top of the market and not miss out on potential properties!

1. Set Up Alerts

Your realtor can set up alerts for new properties that meet your individual search criteria. This can help you stay on top of the market and be notified as soon as a new property is listed.

2. Work With A Proactive Realtor

A proactive realtor can help you stay informed about new properties that come on the market and may even be able to provide you with exclusive access to off-market listings.

3. Schedule Regular Check-Ins

Make it a habit to check your alerts regularly to ensure you don’t miss any new properties. Depending on your market, you can do this daily, weekly, or even ASAP when new homes are listed.

4. Keep Your Schedule Flexible

Being flexible with your schedule can allow you to see properties as soon as they are listed, increasing your chances of being the first to make an offer.

5. Be Ready To Move Quickly

Great homes usually sell fast, so be prepared to move quickly when you find one you really like.

6. Don’t Settle

While it’s important to move quickly, it’s also important not to settle for a property that you’re not excited about. Keep looking until you find the right home for you.

What are you waiting for? Schedule your strategy call today.

Spring is HERE, and with it comes the busy season in real estate. 

If you’re thinking about buying or selling a home, here are a few things to keep in mind:

Competition can be intense, especially for homes that are priced well and in popular neighborhoods.

Whether you’re buying or selling, everyone can benefit from negotiating price, closing costs, and other terms of the sale.

If you’re buying, start keeping an eye on mortgage rates (which have started to cool), as they can impact your purchasing power and monthly payments. 

And- if you’re selling, start prepping your home now to make a great first impression.

Need help navigating the spring housing market? Schedule your strategy call today.

Have realistic expectations.

Whether it’s applying for a mortgage or submitting an offer, be realistic.

Take a second look.

It’s easy to get wrapped up in the dream of home ownership. Bring your realtor, friends, or parents, for a second showing to be sure of your decision.

Commit to the long run!

Gather resources to keep up with home maintenance and never ignore problems that pop up. Because this will likely be your home for years to come!

Need a few more tips on how to buy this year? Schedule your strategy call today.

Rents, homes prices, and mortgage rates all increased last year which created a lot of barriers for home buyers.

Rising rents have made it especially difficult for buyers to save for a down payment.

As exciting as home buying may seem, remember that a house has to be something you can comfortably afford.

You don’t want to end up in your dream house with a nightmare budget.

So what can you do in the meantime?

Share housing with roommates or opt to stay with your parents if your situation allows it.

Be persistent about saving money and protecting (or improving) your credit.

These might not be your ideal steps, but you can still take consistent action to make home buying more affordable when you’re ready. Schedule your strategy call today.

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Here’s the thing… mortgage rates rose dramatically in 2022.⁣
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That was due to the federal reserve trying to⁣
bring inflation down.⁣
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While there are some signs that inflation may be slowing… where the market goes from here really depends on the Fed’s ability to get inflation under control.⁣
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Good news is, if inflation continues to fall like we’ve seen lately, mortgage rates likely will too. (Anyone else see those rates dipping into the 5% range??)⁣
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It’s safe to say, we all want stability and predictability right now…⁣
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I’ll keep following the latest trends to keep you updated on what’s going on.⁣
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Remember if you have questions about buying or selling a home this year you can always reach out to me! Schedule your strategy call today.

Want to know what will happen to the housing market if we have another recession?

While nobody can tell you for certain when or even if a recession will take place, I can tell you history proves a recession doesn’t automatically equal a housing crisis.

When we look at the last six recessions in the U.S.  going all the way back to the 80s… home prices actually appreciated in four of those.

There were only two recessions where we saw home prices depreciate. It happened first in the early 90s when the impact was minimal.

Unfortunately, what everyone remembers is the housing crash from 2008 when homes lost nearly 20% of their value.

Since home values actually climbed in some of those recessions– history shows that a recession doesn’t always mean home prices will fall.

So if you’re looking to make a move let’s connect! Schedule your strategy call today.

Well… Demand, inventory, and sales volume are down.

Which probably makes you think we’re on the brink of some deep price declines, huh?

Prices are coming down.

But here’s the thing… in 2008, 30% of homes were upside down. At the end of 2022, that number was less than 2%. 

So you’re likely not going to see catastrophic price declines going on.

Instead, we’re actually moving towards healthier market correction.

Want to learn more about where your current home fits into all of this? Schedule your strategy call today.