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Savvy Homeowners Aim to Profit in Strong Sellers’ Market

first_img 2021-05-19 Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News About Author: Christina Hughes Babb 11 days ago 686 Views  Print This Post Data Provider Black Knight to Acquire Top of Mind 1 day ago Demand Propels Home Prices Upward 1 day ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 1 day ago Share 3Save Data Provider Black Knight to Acquire Top of Mind 1 day ago Previous: FHFA Publishes GSE Goals for Market Improvements Next: First Mortgage Default Rates Slide in April Savvy Homeowners Aim to Profit in Strong Sellers’ Market The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Home / Daily Dose / Savvy Homeowners Aim to Profit in Strong Sellers’ Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily A good portion of sellers is taking advantage of today’s highly competitive house-hunting environment. Data researchers at Realtor.com found that 29% are asking for more than they think their home is worth.While the strongest reasons for relocating remain the desire for more space and meeting the needs of a growing household, the second-highest motivator is the desire to take advantage of the current market to make money on a home sale, noted Realtor.com Economist George Ratiu Multiple offers and high prices are just the beginning of what sellers expect, according to the survey of 657 homeowners who plan to sell within the next 12 months between March 26-April 7.”Low mortgage rates and a lack of available homes for sale have created a strong seller’s market, and these survey results show that homeowners think that they have the upper hand if they list their home soon,” Ratiu, said. “However, after a year of challenges which kept homeowners from listing their home, we are seeing sellers coming back which should help moderate prices and bring more balance to the housing market over the coming months. For homeowners planning to sell this year, research your local market conditions to ensure that your home’s price reflects neighborhood trends.”Fifty-three percent of sellers expect to get their asking price and 24% expect to get more than asking. Sixteen percent of sellers expect a bidding war to take place and to have multiple offers to choose from, Realtor.com reported.”With home prices up 17% in just the last year, it’s no wonder that 94% of home sellers expect to get more than what they originally paid when they bought their home. One in 10 sellers expects to get double what they paid for the home,” said the report’s authors.Homes nationwide are selling 41% faster than one year ago. They average 43 days on the market. Considering the conditions, 25% of sellers expect an offer within a week of listing, and 16% expect a cash offer.It’s possible to land one’s dream home right now, but shoppers must be battle-ready and focused, note the experts.”If you want to be competitive in today’s housing market, it’s important to have all of your finances in order and be ready to move quickly when you find a home you love,” said Rachel Stults, Deputy Editor, Realtor.com. “A good tip is to get pre-approved before you begin house hunting, and then look at homes under your budget. That way, if you need to offer above asking to be competitive, you can do so without stretching your wallet.”The full Realtor.com report on the company’s website. Related Articles Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Voters to approve ambulance millage

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, Mich. — The Alpena County paramedic unit offers emergency services to a patient and transportation to the hospital. The 1.5 mil dollar millage would be in place for four years.In recent years, the cost of an ambulance has increased to two hundred thousand dollars per vehicle. Here in Alpena paramedics are traveling longer distances causing emergency trucks to ware faster.In addition to replacing ambulances, paramedics could expect easier medical supply access, education services for volunteers and 911 service upgrades. Chief Forbush says, “Costs are going up and we are looking to make everything balanced for city and county governments.”Voting will be available at your local precinct this coming year early August.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Social justice crusader Lee Grady to speak at New Life Christian FellowshipNext County board members push back decision for lease extensionlast_img read more