In recent months, the media has been filled with stories of a struggling real estate market. Headlines blare about declining home sales and plummeting prices, painting a dire picture for anyone looking to buy or sell a home. But don't believe the hype. The reality is that the real estate market is thriving, and now is a great time to make a move.

Just this past Saturday I did an open house for a 2 family home.  The house had just come back on the market a few days earlier and since we did not have a lot of time to promote the open house my colleague and I were not sure about the turnout.  We were so busy that we had to extend the open house by 45 mins.  More than 30 sets of buyers came through and these were not the same buyers you would find during…

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Congratulations on taking the first step towards owning your own home! The process of buying a home can seem overwhelming, but with the right knowledge and preparation, it can be a smooth and exciting experience.

First and foremost, it’s important to determine your budget and get pre-approved for a mortgage. This will give you a better idea of how much home you can afford and also make you a more attractive candidate to sellers.

Next, do your research and make a list of the must-have features you want in a home. This will help you narrow down your search and ensure that you find a home that meets your needs and preferences.

When you find a home you’re interested in, it’s important to have a professional home inspector take a look. This will help…

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Be the best buyer you can be!

The importance of speaking with a mortgage rep or broker, and getting a pre-approval cannot be stressed enough.

In fact, it should be one on the 1st things you do, if not the very 1st thing.  This is assuming that you have a general Idea on where you want to buy.  Your desired location’s property taxes are a factor when it comes to pre-approvals.

I do meet buyers every now and then that want to find their house first, then get a pre-approval. This usually does not work out. Learning that a house that you like is not in your price range can be demotivating and delay you in accomplishing what you want. 

Even worse is finding a house, getting pre-approved for the price but since you needed a day or two to get…

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Life of a realtor

Being a Realtor means that people always ask you if NOW is a good time to buy or sell. This is not just at the obvious places such as my office or a listing appointment, but everywhere. I mean everywhere. Weddings, BBQs, in line at the post office, even in my own house from the guy fixing my fridge. I do not mind it at all. Especially since I enjoy talking about Real Estate.

Usually, they are expecting me to bring up some statistics demonstrating the strength or weakness of the current market. I don’t, at least I don’t START with that.  Why?  If someone is thinking of buying or selling THEIR home, their reason almost always has nothing to do with the market, and I rather discuss that.  

Here are some reasons why 

Why you want…

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Sellers shouldn't be overly swayed when they read that home prices have gone up a declared percentage in their areas. That doesn't necessarily mean that their homes increased in value by that stated amount. The fact is that reports of increases and decreases in home prices are typically quoted as changes in the "median home price", which is the price that is midway between the most expensive home and the least expensive home in the area during a specified period of time. During that time, half the buyers bought homes that cost more than the median price, while another half purchased houses below the median price. When buyers purchase more expensive homes than less expensive ones, the median price rises.

HINT: Each home for sale should be realistically…

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Because most people are focused on the holidays, there are usually fewer home sales between Thanksgiving and New Year's than at other times of the year. Conversely, the months of April, May and June are particularly strong months in the real estate market. Historically speaking, up to 35 percent of all home sales occur during these three months, as families with children time their moves to coincide with the end of the school year. However, not every buyer or seller has the luxury of timing the sale/purchase of a home. When circumstances dictate timing, seasonal trends matter little, and success largely hinges on personal circumstances, which can often be exceedingly compelling. A sale only takes one seller and one buyer.

If you are looking to sell…

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So-called "millennials," the generation of about 75 million Americans between the ages of 18 and 34, have been slower than previous generations to buy homes. Constrained by student debt and tighter lending practices, millennials have also been suspicious of entering the real estate market after the downturn. However, now that the market has consolidated and rents are rising, millennials are showing signs of interest in homeownership. In fact, a recent survey reveals that, while only 26% of millennials currently own homes, 71% want to purchase residences of their own. Spurred by a desire for greater privacy and the wealth-building power of homeownership, this generation of young Americans is ready to stake its claim. Be ready, sellers!

The number of…

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According to a survey by the National Association of Realtors, 83% of respondents viewed their homes as a good financial investment. The trouble is that when it's time to sell a property after the average seller has lived in it for a decade, emotions often overtake reason. Generally speaking, what a seller thinks his or her home is worth and the price he or she can actually sell it for are often two very different numbers. A seller should not think that buyers really care what the seller originally paid for the home or how much money has been put into improvements. The only number that matters is what someone is willing to pay for the property under the current circumstances.

Having comprehensive marketing materials provides potential buyers with…

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To be successful in today's real estate market, sellers must market their homes in ways that directly appeal to tech savvy buyers. Because they are used to getting information immediately on their mobile devices, many prospective buyers expect to view properties when it best suits them. No longer willing to wait for open houses, buyers often want to see a home as soon as possible. This means that sellers must exercise a but more flexibility in terms of making their homes ready for viewing, often on a moment's notice. On top of that, sellers should engage the services of an agent who knows how to market a home online with enticing photographs, video walk throughs, and social media commentary.

HINT: According to one online residential real estate…

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Defying conventional wisdom that holds that retirees either downsize their homes or move to a more favorable climate, seniors are now tending to "age in place", Three quarters of the people age 45 and over surveyed by AARP indicate that they will stay in their current homes as long as they can. With this emphasis on stability in mind, buyers with young families may want to select a home that speaks to more than their immediate needs. This selective approach to home buying may include a preference for ranch style homes that can accommodate older adults with limited mobility. It also may pay to view bedrooms with an eye toward converting them to hobby rooms and offices once the children leave the home.

HINT: Buyers with young families and long-term…

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