Graham The Realtor

Renting or Selling Your House: What's the Best Move?

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years.

While a short-term rental can be a tempting idea, you may find the reality of being responsible for one difficult to take on. Here are some of the challenges you could face if you rent out your house instead of selling it.

>>A Short-Term Rental Comes with Responsibilities

Successfully managing your house as a short-term rental takes a lot of time and effort. You’ll have to juggle tasks like dealing with reservations, organizing check-ins, and tackling cleaning, landscape, and maintenance duties. Any one of those can feel demanding, but all together it’s a lot to handle.

There’s a lot to consider before tak...

Renting or Selling Your House: What's the Best Move? If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. 

Let's talk about it!

Even now, there are still too few homes for sale to meet today’s buyer demand. As a result, home prices are appreciating nationwide because buyers are competing over the limited number of homes available. If you’re considering selling your house, let’s connect to discuss what home prices are doing in our local area.

Reasons Your Home May Not Be Selling

While the current housing market is generally favorable to sellers due to today’s limited housing supply, there are still factors that can cause delays or even prevent a house from selling. Here are a few things to think about.

>>Limited Access – If You Can’t Show It, You Can’t Sell It.

One of the biggest mistakes you can make as a seller is limiting the days and times when buyers can view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’ ability to view it. Remember, minimal access equals minimal exposure.

>>Priced Too High – Price It To Sell, Not To Sit.

Pricing is a critical factor that can significantly impact your home sale. While it's tempting to push the price higher to try to maximize your profit, overpricing can deter potential buyers and lead to your home sitting on the market longer. Jeff Tucker, Senior Economist at Zillow, notes, “. . . seller...

Reasons Your Home May Not Be Selling When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles.

Today’s Housing Inventory Is a Sweet Spot for Sellers

One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels.

According to a recent report from Realtor.com, “On average, active inventory in June was 50.6% below pre-pandemic 2017–2019 levels.”

If you’re thinking about selling your house, that low inventory is why this is a great time to do so. Buyers have fewer choices now than they did in more normal years, and that’s continuing to impact some key statistics in the housing market. For example, sellers will be happy to see the following data from the latest Confidence Index from NAR:

>>The percent of homes that sold in less than a month ticked up slightly...

Today’s Housing Inventory Is a Sweet Spot for Sellers One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them.

Let's talk about it!

If you're thinking about selling your home, it's likely because something significant changed in your life. While factors like mortgage rates play a crucial role in your future home purchase, it's important not to lose sight of the underlying reason driving your desire for a change. Let’s connect so you have an expert on your side who will help you sell your house.

The Benefits of Downsizing for Homeowners [INFOGRAPHIC]

Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs. Downsizing could help cut down on your expenses and your equity can fuel your move. If you’re thinking about moving to a smaller home, DM me to go over your housing goals and look at your options on our local market.

The Benefits of Downsizing for Homeowners [INFOGRAPHIC] Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.

Let's talk about it!

The average number of offers on recently sold homes is rising. While it’s not at the levels seen over the last couple of years, this is still good news for sellers. We’re still seeing more offers than we usually would in typical years for the housing market. If you’re ready to sell, let’s connect so we can get your house on the market and in front of eager buyers.

Two Questions To Ask Yourself if You’re Considering Buying a Home

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. To help cut through the noise and give you the information you need most, take a look at what the data says. Here are the top two questions you need to ask yourself about home prices and mortgage rates as you make your decision:

>>Where Do I Think Home Prices Are Heading?

One reliable place you can turn to for that information is the Home Price Expectation Survey from Pulsenomics – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists.

According to the latest release, the experts surveyed are projecting slight depreciation this year. But here’s the context you need most. The worst home price declines are already behind us, and prices are actually appreciating again in many markets. Now, l...

Two Questions To Ask Yourself if You’re Considering Buying a Home If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market.

Let's talk about it!

Do you know how much equity you have in your current home? Chances are it’s a lot more than you realize, even today. If you are a homeowner thinking of making a move, DM me to find out how you can use your equity towards the purchase of your next home.

Evaluating Your Wants and Needs as a Homebuyer Matters More Today

When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic. Mortgage rates impact how much it costs to borrow money for your home loan. And, to help offset the higher borrowing costs today, some homebuyers are taking a close look at their wish list and re-evaluating what features they really need in their next home to avoid overextending.

So, if you’re looking to buy a home, take some time to consider what’s truly essential for you in your next house. Make a list of all the features you’ll want to see, and from there, work to break those features into categories. Here’s a great way to organize your list:

>>Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle (examples: distance from work or loved ones, number of bedrooms/bathrooms, etc.).

>>Nice-To-Haves – These are features you’d love to have...

Evaluating Your Wants and Needs as a Homebuyer Matters More Today When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic.

Where Will You Go If You Sell? Newly Built Homes Might Be the Answer.

Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You're not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory.

That means when you go to put your house on the market this summer, considering newly built homes is crucial for expanding the options you’ll have for your next move.

Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), highlights the importance of newly built homes for those looking to buy in today’s housing market. Dietz states, "With limited available housing inventory, new construction will continue to be a significant part of prospective buyers' search in the quarters ahead."

Don’t overlook this growing market segment and risk missing out on grea...

Where Will You Go If You Sell? Newly Built Homes Might Be the Answer. Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market?