#realestatebuzz

#RealEstateBuzz Rose Quint, Assistant Vice President for Survey Research with the National Association of Home Builders (NAHB), recently reported, “The number one reason long-time searchers haven’t made a home purchase is not because of their inability to find an affordably-priced home, but because they continue to get outbid by other offers.”

A survey in the NAHB report showed that 40% of buyers have been outbid for a home they wanted to purchase. This is more than twice the percentage in 2019, which was 19%. What does this mean for sellers today? It means sellers have tremendous leverage when negotiating with buyers.

Buyers have compelling reasons to purchase a home now, and many homeowners have challenges to address if they want to sell. Perhaps they can make a deal to satisfy each party’s needs. But how?

The seller may decide to sell their home to the buyer at today’s price, which will enable the purchaser to take advantage of current mortgage rates. In return, the buyer might lease the house back to the seller for a pre-determined length of time while the seller’s new home is being built. A true win-win negotiation. Not every buyer will agree to such a deal – but you only need one.

That’s just one example of how a seller might be able to overcome a challenge because of the leverage they have in today’s market. Maybe you feel a need to make certain repairs before selling. Perhaps you need time to get permits or approvals for certain upgrades you made to the house. Whatever the challenge, you may be able to work it out. If you’re considering selling your house now but worry a huge obstacle stands in your way, 📲 Let’s connect for a FREE home valuation and maybe with the leverage you currently have, you can negotiate a deal that will allow you to make the move of your dreams. . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam https://www.instagram.com/p/CLr4EOljKQu/?igshid=773838k2zd0j

#RealEstateBuzz In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market while buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com, explains, “With buyers active in the market and seller participation lagging, homes are selling quickly and the total number available for sale at any point in time continues to drop lower. In January as a whole, the number of for sale homes dropped below 600,000.” According to realtor.com, nationwide, inventory is 42.6% lower than it was at this time last year.

The health crisis has been a major reason why potential sellers have held off this long, but as vaccines become more widely available, homeowners will start making their moves. When you’re ready to sell your house, you’ll likely want it to sell as quickly as possible, for the best price, and with little to no hassle. If you’re looking for these selling conditions, you’ll find them in today’s market. When demand is high and inventory is low, sellers have the ability to create optimal terms and timelines for the sale, making now an exceptional time to move.

Today’s housing market is a big win for sellers, but these conditions won’t last forever. If you’re in a position to sell your house now, you may not want to wait for your neighbors to do the same. 📲 Let’s connect for advice on how to sell your house safely so you’re able to benefit from today’s high demand and low inventory. Request your FREE home valuation report now. ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ https://www.instagram.com/p/CLnFU8kDPSC/?igshid=1957t7ye22gn

#RealEstateBuzz High buyer demand is heating up today’s housing market. If you have a vacation home that just doesn’t fit your needs anymore, this spring is a perfect time to sell while buyers have destination fever. 📲 Let’s connect to get started on the selling process. 📌 Step 1️⃣ Complete our FREE and No OBLIGATION Home Valuation Request and we will do the rest. 😀 . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam #Filipino #KellerWilliamsNorco #KristineWilliam #FirstTimeHomeBuyer #JustSold #JustListed #Realtor #RealEstate #RealEstateNews #RealEstateTipsOfTheDay #RealEstateGoals #BuyingaHome #SellingaHome #HousingMarket #DreamHomeFinder #HomeOwnership #HomesForSale #RealEstateAdvice #Photooftheday #Picoftheday #Postoftheday #TheGoodLife #WhoYouWorkWithMatters https://www.instagram.com/p/CLcSp9XjB2B/?igshid=gp0ikgjp7uc8

#RealEstateBuzz Having equity in your home can dramatically impact your life. Equity is like a savings account you can tap into when you need cash. Like any other savings, you should be sensible in how you use it, though. Here are three good reasons to consider using your equity.

1️⃣ You’re experiencing financial hardship (job loss, medical expenses, etc.) 
Equity gives you options during difficult financial times. With equity, you could refinance your house to get cash that may ease the burden. It also puts you in a better position to talk to the bank about restructuring your home loan until you can get back on your feet. Today, there are 2.7 million Americans who are currently in a forbearance program because of the pandemic. Ninety percent of those in the program have at least 10% equity. That puts them in a better position to get a loan modification instead of facing foreclosure. If you’re in this position, even if you can’t get a modification, you can sell your house and walk away with your equity instead of losing the house and your investment in it.

2️⃣ You need money to start a new business
 We’ve all heard the stories about how many great American companies started in the founder’s garage. What we might not realize, however, is the garage (along with the rest of the home) supplied the start-up money for many of these companies in the form of a refinance. If you’re passionate about an idea you have for a new product or service, the equity in your home may enable you to make that dream a reality.

3️⃣ You want to invest in a loved one’s future
 It’s been a long-standing tradition in this country for many households to help pay college expenses for their children. Some have tapped into the equity in their homes to do that. 📌 Additionally, George Ratiu, Senior Economist for realtor.com, notes, “52% of Americans who bought their first home in 2020 said they got help with their down payment from friends or family. The number one lender? Their parents.” It’s safe to assume a percentage of that down payment money likely came from home equity. 📲 Let’s connect or request a FREE home valuation report to learn more about the equity you have. https://www.instagram.com/p/CLbHu5oDAy3/?igshid=1gbosmvlax82c

#RealEstateBuzz The housing market isn’t just heating up, it’s speeding up. With houses selling almost as soon as they’re available, you need to be able to move quickly and confidently through each step of the home selling process. 📲 Let’s connect for a FREE home valuation report and answer any questions you may have about today’s real estate market. . . . . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. We welcome the opportunity to connect with you. . . . 🌐 TheHernandezRealEstateTeam.com ➡️➡️➡️ VIEW LINK ON BIO ⬅️⬅️⬅️ . . . #KWHernandezTeam #KWRealtor #KellerWilliamsRealty #TheHernandezTeam #TheHernandezRealEstateTeam #Filipino #KellerWilliamsNorco #KristineWilliam #FirstTimeHomeBuyer #JustSold #JustListed #Realtor #RealEstate #RealEstateNews #RealEstateTipsOfTheDay #RealEstateGoals #BuyingaHome #SellingaHome #HousingMarket #DreamHomeFinder #HomeOwnership #HomesForSale #RealEstateAdvice #Photooftheday #Picoftheday #Postoftheday #TheGoodLife #WhoYouWorkWithMatters https://www.instagram.com/p/CLXPN7ZjPtW/?igshid=1jta9xruevqst

#RealEstateBuzz Here are three reasons why becoming a homeowner now may help you win big in the long run.

1️⃣ Buying a Home Is a Great Investment
 Several recent reports indicate that real estate is still a good investment, topping other options such as gold, stocks, bonds, and savings. Why? Real estate helps you build equity, a type of forced savings that grows your net worth. According to the latest Equity Report from ATTOM Data Solutions, as of the fourth quarter of 2020, 7.8 million residential properties in the United States are considered equity rich. Put more simply, these homeowners have more home equity than mortgage debt. If you want to start building your equity, put your housing costs to work for you through homeownership this year.

2️⃣ Mortgage Interest Rates Are Low
 The Primary Mortgage Market Survey from Freddie Mac indicates interest rates for a 30-year mortgage have fallen since November 2018 when they hit 4.94%. In their latest forecast, Freddie Mac expects rates to remain low, leveling out to an average of 2.9% in 2021. When you purchase a home at a low mortgage rate, it will impact your monthly mortgage payment, giving you the opportunity to likely get more house for your money.

3️⃣ Investing in Your Future Pays Off
 There are some renters who haven’t purchased a home yet because they’re uncomfortable taking on the obligation of a mortgage. What many renters don’t realize, though, is the financial power of equity. As a homeowner, your monthly mortgage payment becomes a form of ‘forced savings’ you can reinvest later in life as you see fit. You can use it in a variety of ways, like to fund a loved one’s education, move up to a bigger home, or start your own business. As a renter, you’re actually growing your landlord’s equity instead of your own.

Buying a home sooner rather than later could lead to substantial savings and long-term financial growth. 📲 Let’s connect to determine if homeownership is the right choice for you this year. . . . 📌 The Hernandez Real Estate Team at Keller Williams Realty is your #1 digital real estate resource for your home buying, selling, and investment needs. https://www.instagram.com/p/CLUSVNWjLlq/?igshid=zq3g1shzn5al

Real Estate Bar Camp is POPPIN' in #Brickell! Follow #RealEstateBUZZ to join the convo! #RealEstate #Miami #SocialMedia