Are you torn between whether to buy a home now or wait? Consider this. Forecasts show prices will climb for at least the next 5 years. If you wait, the price of a home will be higher later on. But, if you buy a $400K now, you could gain roughly $83K in equity as prices rise. If you’re able to buy now, this equity is one reason why it’ll be worth it in the long run. Let’s connect if you’re ready to talk through ways we can make it happen.
The Secret To Selling? Using an Agent To Get Your House Noticed
In a recent survey, the National Association of Realtors (NAR) asked sellers what they want most from a real estate agent. The number one answer was to help market their house.
It makes sense. The way your agent markets your house can be the difference between whether or not it stands out and gets attention from buyers. That’s why it’s so important to work with an expert local agent that knows what they’re doing.
According to that same report from NAR, here are some of the most common methods real estate agents use to market homes, and how you benefit when your agent uses them effectively (see graph below):
- Listing on the MLS – Real estate agents have access to the Multiple Listing Service (MLS) database. And that’s great for you because having your house on the MLS helps it get more visibility from other agents and buyers. And the more people who see it, the more likely it is to sell.
- Using a Yard Sign – A yard sign may seem simple, but it’s one of the best ways to catch the attention of people driving or walking by. And when it does, they’ll help spread the word to friends and family who are looking to buy that there’s a house for sale in the area. It also puts your agent’s contact information on display, making it easy for interested buyers to get in touch.
- Having an Open House – An open house is a great way to create a sense of competition and urgency among buyers – and that can lead to stronger offers. And since you’ll only need to leave once for many buyers to visit, it makes the process easier for you, too. Plus, an open house helps your agent get real-time feedback about what buyers love and what they’re not as sold on.
- Showcasing on Your Agent’s Website – Having your house on your agent’s website presents it in a professional way to buyers. And odds are, people visiting your agent’s website are serious and ready to make a move, so this is a smart way to get in front of motivated buyers.
- Social Networking – Posting your house on social helps get your house in front of buyers who may not have seen it with traditional marketing. It also makes it easy for people to share your listing with friends and loved ones.
- Providing Virtual Tours – For buyers who are relocating from out of town, virtual tours allow them to check out your house anytime from wherever they are. This helps reach more potential buyers who may not be able to come to see your house in person.
- Using Video – Video is an excellent way for your agent to show off some of the top features of your house like your kitchen, large closets, outdoor entertainment areas, and other key details that could attract buyers.
- Sending Emails – Sending out information about your house to your agent’s expansive database is another way they’ll get it in front of even more people. Great agents may even send emails teasing that your house is coming to the market as a way to boost interest and excitement before it officially has an open house.
Here’s what it comes down to. Most good agents will write a description of your house for the listing and pair it with high-quality photos. But a great agent will do so much more than that.
They’ll not only lean on their expertise, they’ll put in the time and effort to make sure your house makes an impression on buyers, and ultimately, sells.
Bottom Line
As a seller, working with a creative local real estate agent is a smart way to ensure your house grabs the attention of the right buyers. If you’re ready to sell and want to talk about strategies we can use to get your house sold, let’s chat.
Two Resources That Can Help You Buy a Home Right Now
A recent report from Realtor.com says 20% of Americans don’t think homeownership is achievable. Maybe you feel the same way. With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge. But here’s the thing. With the right resources and help, you can still make it happen.
There are options that can help make buying a home possible today — even if your savings are limited or your credit isn’t perfect. Let’s explore two solutions that could help get you into your first home, regardless of the market.
1. FHA Loans
If your down payment savings and credit score aren’t where you want them to be, an FHA loan could be your pathway to buying a home. According to the U.S. Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:
- Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.
- Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing. This means that when conventional loans aren’t an option, you may still be able to get an FHA loan.
The first step is to connect with a lender who can help you explore your options and determine if you qualify.
2. Homeownership Assistance Programs
And if you need a more budget-friendly down payment, that’s not your only option. Did you know there are over 2,000 homeownership assistance programs available across the U.S. according to Down Payment Resource? And more than 75% of these programs are designed to help buyers with their down payment. Here’s a bit more information about why these could be such powerful tools for you:
- Financial Support: The average benefit for buyers who qualify for down payment assistance is $17,000. And that’s not a small number.
- Stackable Benefits: To make it even better, in some cases, you may be able to qualify for multiple programs at once, giving your down payment an even bigger boost.
Rob Chrane, CEO of Down Payment Resource confirms a little-known fact:
“Some of these programs can be layered. And so, in other words, you may not be limited to just one program.”
If you want to learn more or see what you qualify for, be sure to lean on the pros. A trusted real estate agent and a lender can guide you through the process, explain the help that’s out there, and connect you with resources to make buying a home a reality.
Bottom Line
If you’re ready to stop wondering if buying a home is possible and start exploring solutions, let’s connect.
August 2019 – Eastside, King & Snohomish County Real Estate Market Update – Housing Trends and Current Pricing
Watch the latest episode of our Eastside, King & Snohomish County Real Estate Market Update for a recap on our local housing market. We will dive into current inventory levels and housing prices for homes in the Eastside, King & Snohomish County Washington.
Would you like to know more about our local real estate market? Contact us here. We are happy to help!
April 2019 – Eastside, King & Snohomish County Real Estate Market Update – Housing Trends and Current Pricing
Watch the latest episode of our Eastside, King & Snohomish County Real Estate Market Update for a recap on our local housing market. We will dive into current inventory levels and housing prices for homes in the Eastside, King & Snohomish County Washington.
Would you like to know more about our local real estate market? Contact us here. We are happy to help!
March 2019 – Eastside, King & Snohomish County Real Estate Market Update – Housing Trends and Current Pricing
Watch the latest episode of our Eastside, King & Snohomish County Real Estate Market Update for a recap on our local housing market. We will dive into current inventory levels and housing prices for homes in the Eastside, King & Snohomish County Washington.
Would you like to know more about our local real estate market? Contact us here. We are happy to help!
Repeat Client Finds Moving to be a Breeze, Thanks to Tony’s Services!
Tony and team helped us buy our first home and six years later, helped us sell our first home. We only wish we could bring him with us to Arizona! Moving is hard and Tony was right there with us every step of the way and is still offering his support even weeks after the move. Tony’s incredible photography skills made our home look bigger and better than I could have ever imagined. He responds to questions with patience and promptness (almost always within minutes). He gives great advice not just from his vast real estate experience, but he always backs it up with the facts and research he has customized for your specific needs. No matter what challenges arise, he’s there with a solution and a smile. Tony helped us maximize our investment and minimize our stress.
Lydia and Aaron Brinton
Sold in Renton – July 2018
Repeat Client Experiences Another Successful Transaction!
We developed a plan to market, consider offers, and closed on the best deal. Tony and Team hit every target, resulting in a sale at 4.2% above asking price. We closed the deal far better than we imagined! Thanks for high-quality, and devoted service. They manage the details, in a complex transaction.
Gary and Riki Woodrell|
Sold in Renton – May 2018
An all-around pleasant experience and smooth closing on Investment Property in Renton
First of all I would like to say thank you for making the buying process smooth and exciting!
The thing that I appreciated the most is that I had the feeling that you were really working for me! You listened to what I wanted and tried to get the best deal for me and did not try to convince me otherwise.
In my past experiences I had the feeling that the realtor wanted to make sure that there would be a sale regardless if I was happy with the deal or not. The fact that you were working very closely with my Lender was also a positive experience for me. I did not have to play as the middleman trying to keep you both informed of the process.
Thank you again and I hope that we will have the opportunity to do more business in the future!
Joseph and Maria Luta – Purchased an Investment Property in Renton – 2015
Purchased second home in Renton to be near family and to escape hot Florida summers
I don’t know of anything that could have been done better, to assist in the closing on our home purchase. Tony worked numerous days in the research of, and touring 20-30 homes. He provided invaluable information about areas, neighborhoods, and local environments. The negotiating process went smoothly, and resulted in a very positive conclusion.
Tony took our input for house-interests, and organized the sequence of search to maximize use of our time. He counselled us on desirability of areas, and provided detailed information on specific homes, whether it be from other brokers, or city/county offices. His input was always specific to the issues at hand, and well-founded in common sense. He was also very available during ourcross-country search and move.
Gary and Riki Woodrell—Purchased in Renton—2013