Real Estate Blog
As 2015 is wrapping up, I hope that you are able to look back on the year and be thankful for all of your blessings! I know I am! I am also excited to move forward into 2016 because I believe it will be a great year filled with new opportunities. The Nashville area continues to grow by leaps and bounds and people are anxious to get settled here. New neighborhoods are springing up all over the metro area, and older neighborhoods are flipping as Boomers cash out on their family homes and Millennials move in to raise the next generation. It's an exciting time!
If you're thinking about getting in on the selling and buying action in 2016, there are several things you can be doing now to prepare.
- De-clutter and stage your home. For many, this takes considerable time, so instead of trying to kill yourself working over a short amount of time, spread out the work to align with the timeframe of when you want to list (see #4). For tips on de-cluttering, read this previous post.
- Get your finances in order. There's nothing worse than starting your online search for homes only to discover that you don't qualify for the homes you've got your heart set on. You'll need to have your finances in order before you get pre-qualified for a loan, so start organizing your paperwork and writing down everything you'll need to hand to a mortgage lender. Need help choosing a lender? This post can help!
- Agree on a price. You'll want to work with a trusted Realtor to find out what your home is worth and what price point will generate the most interest when you officially list. You'll also need to work with your agent and agree on a price point as you begin your search for a new home.
- Agree on the timing. 2016 has the potential for higher interest rates, and election years can sometimes be uncertain, but now through early Summer is a great time to beat some of the uncertainty if that is a concern for you. If you have children in school, you might want to wait until the end of the school year, but keep in mind that there are longer waiting periods for closings now, so you'll need to factor that into the timing.
Nashville-area real estate is a great investment, so call me today and I'll help you get the best price for you home and help you find your next dream home! 2016 could be your best year yet!
There's nothing like the comments section of a Facebook post or Internet news story to stir up a nice debate. A recent post on Dave Ramsey's Facebook page led to a long thread of differing opinions. The local financial guru had this posted above an article about real estate: "Did you know that homes listed in winter have a 9% greater likelihood of selling, sell a week faster, and sell for 1.2 percentage points more relative to list price than homes listed in any other season?"
For every person who wholeheartedly agreed with this because of a great experience selling during the winter, there was another person completely disagreeing because of their experience or from their preconceived ideas about selling in winter.
From my own experiences as a Realtor through many seasons, I have seen homes move quickly in the winter. For one, there is much less competition. It's true that warmer months are hot in real estate, but if you're trying to sell at that time, you're going to be up against everyone else who thinks that warmer months are a hot time to sell. People move and get new jobs in the winter just like they do in spring and summer, so you better believe there are always people looking to buy homes in the winter months! If you list during the winter, your home will stand out, and with lower inventory, you're more likely to get multiple offers.
I have also found that people who are out shopping for homes in the winter months are much more serious shoppers. They're not just out killing time at open houses on a sunny Sunday afternoon; they're more likely to be out making competitive offers and putting things in motion.
Need more proof that the local market is strong as we head into winter? According to the Williamson County Association of Realtors, home values this November were up 6.25% over last November's median price. WCAR President David Logan says, "As 2015 comes to a close, what we've experienced in Williamson County real estate is a market that has seen highest sales volume since 2006 and the highest sales prices ever. The increase in inventory over last year bodes well for buyers looking to find a home before year end. Both buyers and sellers should be encouraged by the continued stability and appeal of the local real estate market."
If you're ready to get in on the action during the winter months, or any time of the year, I'm here to help!