You’ll find our blog to be a wealth of information, covering everything from local market statistics and buying or selling a home to community happenings. That’s because we care about the communities that we serve and want to provide articles that will be of benefit. Please reach out if you have any questions at all. We’d love to talk with you!
Brian and Melinda Stitzinger
For local information contact us. We would be happy to provide specific information on your neighborhood
INFO THAT HITS US WHERE WE LIVE... It was announced last week that the Federal Housing Administration (FHA) is increasing loan limits for 2018 in more than 3,000 counties--almost every area of the U.S. FHA limits are tied to median home prices in each county and Metropolitan Statistical Area, so check with your mortgage professional www.AmyOister.SupremeLending.com for the local numbers. This follows the prior week's news that the Federal Housing Finance Agency will increase 2018 conforming loan limits for most mortgages acquired by Fannie Mae and Freddie Mac. Higher loan limits are driven, of course, by rising home prices.
More evidence of these came when property information firm CoreLogic reported a 7% annual surge in home prices in October. But they do expect gains to slow, forecasting only a 4.2% annual increase in home prices by October next year. Contact us for more information about the housing market
So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers.
There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home.
Here are five levels of access that you can give to buyers, along with a brief description:
Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
Open Access with a Phone Call – the seller allows showings with just a phone call’s notice.
By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.
In a competitive marketplace, access can make or break your ability to get the price you are looking for, or even sell your house at all.
Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!
You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.
We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.